TokenLend (TLN) - Decentralized Currency for Loan Transactions

Do you know the decentralized platform for loan transactions? In the traditional banking system, secured loans have become a concern for both - loan seekers and investors. Loan seekers have to go through a long and tedious documentation process before they can avail the loan. One small mistake in the document, and the entire loan process becomes disrupted. Even with all this documentation, loan seekers bear the risk of being denied for their application. International investors also complain about the lack of a universal and decentralized currency for loan transactions, resulting in an uneven margin of interest they receive from their investments. Government intrusion with their complex tax policy has made the entire loan transaction process complicated and ineffective. In the world, where international business transactions have become the norm, there is no reason for loan seekers and contributors to operate under the ancient, red-tape ridden system.

Traditional banking products and services are very old and sluggish because of all their bureaucracy and documents. In the world of cross-border money transfers, decentralized databases and intellectual contracts, people are still limited by their geographical location and residence. Different laws, currencies and taxes make business activities more complex than they should be and can be done. The lack of integration between financial services forces people to handle many intermediary institutions with their own policies, fees, and verification restrictions. This can turn a seemingly simple operation into a great headache.

The proposed solution

TOKENLEND works on the same issue and offers an innovative credit platform based on blockchain technology. An online loan market is created where people can borrow money without requiring third parties. Investors can find secured loans to be invested in loan markets, carefully selected from all over the world.
The lending market also exists on the platform to create immediate liquidity. The intellectual contract is used to create secure and transparent loans on the platform, which people from all over the world can invest.

How does Tokenlend (TLN) work?

Tokenlend serves as a reliable decentralized ecosystem for all loan transactions. The main advantages of this loan transaction system are:
It provides an open market for all loan seekers.
Smoothness in loan transactions by reducing red fi lter barriers and complex taxation policies.

Contributors receive consistent returns on investment through smart contracts.
The security and reliability of the system is fully decentralized.
Let's look deeper into this advantage through the perspectives of both loan seekers and contributors and ICO. The entire process begins with an Initial Coin Offering campaign in which the TLN Token will be issued for sale. Users who purchase this token will receive exclusive membership on the Tokenlend P2P platform. By using this membership, users will have the power to invest funds from their account into one of the available loans listed on the Tokenlend P2P platform. Not only that, the token holder will also receive a fixed share of the company's profits from all operations including loans, currency conversion, withdrawals, loan lists, etc. The fact that the token holder receives a fixed profit on a regular basis makes it ideal for users to purchase tokens. The Initial Coins Bid Campaign sparked a process that ensured smooth and legit borrowing transactions. Side Notes: TLN Tokens can also be traded outside the Tokenlend platform because they are Token ERC-20, which means they have an inherent value in exchange. This gives the user the flexibility to use the TLN Token to their liking.

Tokenlend (TLN) -Key Feature

Decentralized Architecture

Over the past few years, the market of European P2P loans has grown at a significant rate, and business analysts believe that large European countries will greatly benefit from this common lending platform. Tokenlend is a pioneer in providing universally accessible decentralized lending platforms. In the international financial landscape, users are looking to invest in a proposal that ensures consistent return on investment. On the other hand, loan seekers are looking for a platform with a simple and user-friendly system to get loans for their business. The problem lies in getting both sides under the same roof, so to speak. Tokenlend does provide an effective platform to bring contributors and loan seekers together for their mutual benefit. For loan initiators, the P2P loan platform is a modern and effective alternative to traditional banking systems. Ignorance can only be a reason for loan seekers to keep a close look at government agencies and financial institutions for loans. Blockchain technology has made the ideal loan lending system, as it has done with all other financial domains.

Secondary Market

One of Tokenlend's main features is the existence of the LPN market, which will allow users to trade ongoing investments for immediate liquidity. Users can convert their cryptocurrency into fiat currency whenever they like. This means that Tokenlend P2P lending market acts as a great investment opportunity for users worldwide. The fact that there is virtually no risk involved (due to Ethereum's smart contracts and decentralized legal system), and the guarantee of a fixed profit margin make it a win / win for contributors.

User friendly system

Tokenlend provides a user-friendly system for loan transactions. Because of blockchain technology, the need for excessive documents, unnecessary intermediaries, and government disruptions has been negated. This has benefited both lenders and contributors. To carry out loan transactions, all they have to do is follow the simple process mentioned above and they are sorted.

Official Link for More Details:

Website: https://tokenlend.io/
Technical paper: https://tokenlend.io/tokenlend_whitepaper.pdf
Facebook: https://www.facebook.com/tokenlend/
Twitter: https: // twitter.com/Tokenlend_news
Telegram: https://t.me/tokenlend_bounty

Author: Adikusnadi
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile
ETH wallet address: 0x1b1d7A5D27aFA9084E9D38765F20ed9fE96e6050