Allright, newbie question here.. from what I understand from the vid on the website I'm able to deposit ONX tokens to take a loan (of a similar amount of ONIX?), and then I can use that loan to do stuff.. and after I pay it back I get my tokens back..
How is that different from short trading that I can do with any token on a lot of exchanges? Besides taking a loan.. am I also able to lend my tokens to other users to short with?
Thnx for any insights!
If I confuse concepts.. hope you'll enlighten me
!
Thnx guys
How is that different from short trading that I can do with any token on a lot of exchanges? Besides taking a loan.. am I also able to lend my tokens to other users to short with?
Thnx for any insights!
If I confuse concepts.. hope you'll enlighten me
!Thnx guys
where do you see the loan part on their website please ?
Sorry to catch a late reply but.. how do you not see the loan part on their website? The whole project is centered around it way I see it.. (again, enlighten me if incorrect)
The name of this thread is "ONIX PROJECT, A DECENTRALIZED LOANS PLATFORM!".
The video on the website says users are able to "Deposit Onix on a fixed term for an specific time (spelling error not mine, it's in the vid) and Onixcoin.com grants a loan with a yearly interest rate."