LendChain's AMA Summary On QuarkChain's Telegram Group.
Here is some questions about LendChain in Quarkchain's Telegram Group.
Please read this questions carefully to know more about LendChain.
1 : Could you tell us about your project ?
LendChain is a distributed digital asset financial services platform based on the GXChain, providing digital asset holders with different types of financial services such as financing, investment, insurance and others.
2 : Then how does the entire process work with this digital asset collateral?
well, we are based on blockchain and what we do in our platform is lending and borrowing digital assets like BTC, ETH, EOS, GXS, QKC and other currencies through the smart contracts so if you like to make a profit even if the crypto currency price is down so its your chance to invest in us
3 : Can you give us some examples of digital assets?
you can Lend and borrow too many digital assets in our platform but for example you can use these digital assets BTC, ETH, EOS, GXS, QKC and other currencies.
4 : What is the loan time and loan interest rate?
This is determined by the user himself. If his interest rate is set low, it is possible that no one will lend money to him. If he set the interest rate to be very high, then maybe that the target will be choosen by everyone in a very short time. Then because it is a collateral, relative to investors, we must first ensure the security of the investor's assets. If he put a bitcoin as a collateral, he can borrow a USDT equivalent to 0.5 bitcoin. We will set this collateral rate at only 50% in the early stage, and control the risk of investment users within a certain range.
5 : Is the platform operation decentralized? How to ensure the security of my digital assets?
our process is fully automated, the borrower should put a collateral if he want to borrow, for example, someone want to borrow 1 BTC he has to put a collateral but this collateral should be doubled so if the 1 BTC price is 6500 he should double it and put that collateral, and if he did not pay back he will lose his collateral and he will be black listed on the blockchain and our system will give back the crypto currency to the lender with the interest
6 : Can I lend other digital currencies besides BTC and ETH?
yes sure you can here is what you can lend and borrow at this time, BTC, ETH, EOS, GXS, QKC and other currencies.
7 : What blockchain lend chain is based on?
its based on GXchain and GXchain is one of the biggest blockchain companies in China
8 : Will you have a Token Sale?
yes we will have our token sale so soon and we will announce it when its the time to announce it .
9 : is there a handling fee?
the handling fee will be 1%
10 : Will your tokens be a utility token? If so what will be the uses of it?
Our tokens can be used to deduct loan handling fees or purchase VIP value-added services. The project party votes in currency. Voting is just locking, not destroying. Users actively participate in voting through the benefits binding. Individual projects can be voted independently. If the turnout rate exceeds 60%, the user can go online. If you are online, there is a reward mechanism. B-party customers are mortgaged, in addition to the platform-approved collateral, you need to mortgage some of our tokens, and there are many usage scenarios. We will discuss it internally every week.
11 : Can I register now on Lendchain and transfer my QKC's from Binance to it ?
yes sure you can download the App on your phone from here https://www.lendchain.io/h5event/lend_a0628/index.html?lang=en
12 : What is the difference between a digital asset financial services platform and an ordinary exchange? Please explain the main application scenarios of LendChain?
the ordinary exchange you can buy and sell your coins on it, our platform you can make a profit by lending your coins to others so this is an easy way to make more profit.
You can also get the latest information through the following channels:
1 → Official website:
2 → QQ group number:
543754571
3 → Official Weibo:
4 → Telegram:
5 → Twitter:
6 → Facebook:
Https://www.facebook.com/lendchain
7 → Instagram:
Https://www.instagram.com/lendchain/
8 → BeeChat Group:
Https://beechat.io/join?g=7a68defd092244348e7f294a947b1437&lang=en
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