Re: [ANN][Pre-TGE]🌐👥🌌Crypt-ON - Multipurpose blockchain platform🌌👥🌐
Greetings Crypt-On. I see the concept and the idea of the project, but can you provide me more details on P2P? I mean the P2P concept is quite undiscovered by me...
Hello mate. Well, basically, P2P lending or peer-to-peer lending or crowdlending is a type of contractual loan relations, which excludes intermediaries in the face of banks and other financial institutions, charging a fee for the transaction. The main idea reflected in the name P2P it also means "person-to-person"
Ok, pretty got the idea.. But what about commission rates in such deals?
All interaction based on competition for the lowest interest rate. P2P lending looks more profitable than traditional regarding saving time and additional costs for intermediaries fees. Because of this, it has become quite widespread with the development of the Internet!
Wow, this sounds bold. And they are also implementing a DAO, right??