Crypt-ON is a blockchain based peer-to-peer cryptocurrency lending platform that aim to provide a safe lending environment for both lenders and borrowers.
Cryptocurrency lending is one of the trending blockchain services nowadays. Unfortunately most of the services aren't doing quite well at the moment due to nonviable models.
With Crypt-ON , you wouldn't have to worry about lending your cryptocurrencies as there are inbuilt mechanism to guard against fraud and repayment default.
Crypt-ON also provides important services that makes it unique in the cryptocurrency lending business. Some of the services are:
DAO. DAO is Decentralized Autonomous Organization in full. It is a form of Blockchain organization without no central leadership. Decisions are automated and based on rules laid down on smart contract. This will allow business to be conducted on the platform in a decentralized manner and without the need for third party/centralized influences
Escrow Service. Inbuilt Escrow service will provide a secure way to hold funds on Crypt-ON Platform on behalf of either party until stipulated agreement has been fulfilled..
Stable Coins. Stablecoin is a digital currency that is pegged to fiat or other stable commodities like gold and silver. The use of stable coin on Crypto-On is to protect its economy from the extreme volatility of cryptocurrency. Decentralized Stabecoins such as DAI and LibreCash will be used in this regard.
Trust-token. Trust Token is a Reputation based Token that will be adopted for Crypto-On platform. Trust-token records all Crypto-On users ratings permanently. The ratings are used to determine the credit worthiness of users. If a user fails to repay his loan or violate a contractual agreement he will be rated negatively and subsequently find it hard to obtain loans.
More Information on Crypto-On , Visit:
Website: https://crypt-on.io/
Annoucment Thread: https://bitcointalk.org/index.php?topic=3530713
