But if everyone can set thier own interest %,that means loan sharks could start using ACX.Or there will be some way to stop that from happening?
But if loan sharks are offering loans, how can you actually prevent this? KYC will make sure you know that it's secure but other than that I don't think that the app can prevent such situations.
We believe in a free market where bad players will be taken out by benevolent players. In this case, we could potentially allow loan sharks but since users have access to a large selections of lenders who compete on interest rate and terms, loan sharks will not be an attractive option to customers who could find much lower rates and thus will flush them out of the market.
Whats the percentage of total supply that will be sold in private sale?
21% of all tokens