“What is ETHCOIN?
ETHCOIN is an ERC-20 Based Utility Token constructed upon the Ethereum Blockchain. Access Cryptolend’s platform options solely by way of ETHCOIN Tokens.
How does it work? Let’s take an instance;
Lend $1000 (USD Value) in ETHCOIN Tokens for 100 days, obtain 1% of $1000 ($10) each day in TrueUSD tokens for 100 days, despatched to your ETH tackle. After 100 days obtain your preliminary $1000 USD again in ETHCOIN Tokens. TrueUSD tokens are held in Cryptolend’s Ethereum-Based smart-contract. (TUSD Reserve Smart-contract)
Lets assume the reserve provide of TUSD Tokens is the same as $100Ok USD -therefore a most of worth of $100Ok USD might be deposited in ETHCOIN Tokens in the direction of the lending program — this ensures that customers preliminary invested capital (USD worth) is secured.
This course of works if we assume that the USD worth of ETHCOIN will likely be higher than what it was 100 days in the past, which is nearly inevitable.”
Official Website – https://cryptolend.world/ Official Twitter – https://twitter.com/CryptoLend_ Official Telegram – https://t.me/CRYPTOLEND_Telegram
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