In about 2 weeks, Lendoit will launch its official token Pre-sale, but it can’t wait to reveal the secret that will change the future of decentralized BTC lending, which the company has entered together with the largest and most promising blockchain-based project, The RSK Project.
What are the partners doing?
Right from Argentina is Rootstock or popularly called RSK. This company is well-known for its open-source smart contract stage which has a 2-dimensional peg to Bitcoin. Amazingly, RSK uses merge-mining to reward bitcoin miners and give them the chance to be part of the smart contract ecosystem.
The Goal? To ensure that the highest level of functionality and value is added to the entire bitcoin ecosystem through the use of smart contracts, increased scalability, and near-instant payments. To achieve their goal, RSK, at the largest blockchain and bitcoin meetup in Latin America, announced the coming into being of their Bamboo, MainNet Network, which will be in beta version but will be the first to enable a smart contract peg with blockchain tech.
For Lendoit, the only sentence that qualifies it very well is that it is “the next generation of p2p lending platforms”. And yes, the company knows how to play the game. It is the meeting point for both borrowers and lenders, a large, decentralized marketplace with a global network of scorers and underwriters for seamless operations.
Lendoit removes all intermediaries in the lending process, creates a trusted and secure platform for participants through the smart contract, and gives users a decentralized, anonymous platform where upscaling, lending, and borrowing are done hassle-free.
Where did they come from and where to?
Discussions have been ongoing for some months now on how Lendoit’s P2P platform can upscale itself and increase its functionality. The discussion came to an end on 5th December 2017, creating an agreement between the two giants.
The achievement? This is an opportunity for Lendoit to increase its operations, become more functional, and incorporate bitcoin usage. The platform’s users will increase, the use of bitcoin will propel more borderless transactions, and put Lendoit ahead of the competition.
This is surely a good move for RSK as well, meaning more clients, more work, and an opportunity to learn and use the P2P lending industry to enter new markets.
Don’t forget to join the token pre-sale when things kick off.