Hi Guys,
What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future
Also, after further reading into their offering, we identified a problem with their structure.
If ELIX token appreciates in value, borrowers can never pay it back. Please see the direct quote taken from their website:
After you borrow your ELIX, you can sell them on exchanges for USD, withdraw that USD, and use the money for whatever you need. When you have the money to pay your friend back, you can buy ELIX and square up.
This will drive away borrowers UNLESS they are committing to never letting their token appreciate.