Some people on this forum were positive about the new coin sovryn. What they have is decentralized coin and trading and lending platform. İf you lend money you will earn something.

With this idea they raised millions.

When I saw lending, I thought that it is not possible. I imagined also that most of the developers are a very small group.

I got suspicious why it would work.

Imagine someone asks for money in some country and you lend it, when the pay time comes that person doesnt pay. What can you do? Even if you can do something, will you have the right people to go after that money? And what if there a lot of people that do not pay back?

An usual bank earns billions because how the bank system works. So if couple of hundreds customers dont pay back that is not a big issue. And Banks have a lot of people working for them.

This project seems not survivable. Only if the project is backed up by someone huge company than maybe they will come further.

Anyway so with this idea the coin developed will get very rich.

What is going on. Are people so much interesting in cryptocoins. Or some new ideas.