Re: [ANN][Pre-TGE]🌐👥🌌Crypt-ON - Multipurpose blockchain platform🌌👥🌐
Hey community. What exactly does P2P lending means?
Good afternoon, this means that Crypt-ON allows users to issue p2p loans between each other, assessing the credit quality of your counterparty using trust token (cryptographically protected reputation)
And trust token is a thing connected with record of user's activity, yes?
Well, pretty like this. That's cryptographically secure rating of user trust containing records of all his operations on the platform.
And it is all securely stored right on the platform, yes? I mean transaction history of users etc
Yep, you are absolutely right
And what does it stay for? Some kind of balance?
Well, pretty like this, yep. The use of a stablecoin will provide an opportunity for more trust in the parties that make the deal
So it kinda brings more equity?
There are many advantages, for example, it will benefit users. Those who will carry out the loan and in the end will be able to pay less commission. Perhaps in the future, staablecoin will help the platform - will help keep the cost of the token at about the same level
Oh, I see the point! Seems that stable coin give kinda more serenity to platform users and may balance other aspects within Crypt-On! Ok, thank you very much for helping me out