ETHLend Prediction, LEND Forecast and Price Charts – Is it a good time to buy ETHLend? What is the ETHLend price today? ETHLend Forecast Short term and Long term Price Predictions for Next Months and Year: 2018, 2019 and 2020.
What is ETHLend (LEND)?
ETHLend is a decentralized lending application (DAPP) running on the Ethereum Network that offers secure, peer to peer lending Smart Contracts. ETHLend strives to democratize the process-heavy lending process by removing power and control held by traditional banks and large financial institutions.
ETHLend (LEND): History
On early May 2017, ETHLend introduced decentralized lending application on the Ethereum blockchain network. Decentralized lending as such is available with the use of collateral such as ERC-20 compatible digital tokens or Ethereum Name Service (ENS) domains. It was first announced on August 14, 2017. Stani Kulechov is the founder of LEND. Jordan Lazaro Gustave, Martin Wichmann, Kersten Schütze, Anthony Akentiev, Adnan Javed are the team who work behind it.
How does ETHLend (LEND) work?
EthLend enables secured lending via the Ethereum blockchain. The lending process is straightforward. Borrowers issue a loan request. The loan request creates a Smart Contract on the Ethereum blockchain.
The borrower inserts data into the Smart Contract – like the loan amount, the interest rate, and the time to borrow. Once all this data is set, the borrower transfers the digital tokens to the Smart Contract. After this happens, the lender can fund the loan.Data is not stored on centrally located servers. That means not even EthLend can move the tokens from the Smart Contract.
How to buy ETHLend (LEND)?
The first part of the process will be to purchase some Bitcoin or Ethereum from Coinbase. Try going through Coinmama if you need an alternative. Maybe you already own some Bitcoin or Ethereum. Create a Binance account. Then you will have to get a wallet to keep the coin safe. Then purchase LEND.
ETHLend (LEND) Price prediction 2018
LEND can be a profitable investment option. ETHLend price equal to 0.138 USD at 2018-02-17. If you buy ETHLend for 100 dollars today, you will get a total of 722.710 LEND. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-11 is 3.430 US Dollars. With a 5-year investment, the revenue is expected to be around +2379.08%. Your current $100 investment may be up to $2479.08 in 2022. ETHLend Price today is $0.139285 and the market cap value is $149,507,703. The volume is $28,185,600 and the current supply is 1,073,394,143 LEND. ETHLend price chart, ETHLend history, ETHLend exchanges, ETHLend wallets, where to buy ETHLend, how to buy ETHLend, ETHLend price prediction, ETHLend price today.