Ana Sullivan

ETHLend (LEND) Token – Will It Go Down After Kyber Network Partnership?

by Ana Sullivan April 2, 2018

ETHLend has recently partnered up with Kyber Network. The ETHLend (LEND) Token has reached a market capitalization of 45.69 Million US dollars in the last 24 hours. The token traded 9.50%higher against the U.S. dollar during the last 24 hours ending at 10:30 AM EDTon April 2nd. That rise might be as a result of the partnership. ETHLend aims to become another decentralized and secure financial marketplace, but targeting peer to peer lending agreements via Blockchain and Smart Contracts.

 

 

 

The ETHLend team has published on their official site a White Paper explaining with further detail what ETHLend is and what is planned ahead. Teaming up with Kyber Network now provides ETHLend with a proper exchange platform, so users can have more options when trading within the platforms.

 

ETHLend (LEND) Token - Recent Performance

 

The ETHLend Token has reached a market capitalization of 45.69 Million dollars in the last 24-hour period. The ETHLend Token (LEND) was being traded 9.50% higher than the US dollar, which ended at 10:30 AM EDT, April 2nd. The price has seen small ups and downs for the most part in the last 1-day period as showcased by the chart below:

 

 

Currently, the price is rising due to the recent Kyber Network partnership, but it might drop down soon.

 

The graphical chart was taken from the CoinMarketCap website.

 

ETHLend (LEND) Token – Background and Future

 

ETHLend wants to deal with issues such as the time-consumption when making a traditional loan, as well as the neglecting of certain people who visit a bank, such as first-time borrowers, citizens of developing regions, young people, etc. The ETHLend team has set themselves a goal of making a decentralized system with smart contracts for everybody, making everything more accessible and faster. As it is built on the Ethereum blockchain technology, that could become possible. Imagine legally binding agreements which transfer securely, within seconds. That is a daring endeavor, but will ETHLend be successful in bringing that to the World?

 

The last quarter of 2018 is planned for enabling short selling on the ETHLend network, meaning that lending other altcoins and digital tokens will become available. And if that goes according to plan, the calling and liquidating the collateral needs to happen until the end of the second quarter of 2019.

 

Although the ETHLend team is working hard to bring their idea into a reality, there is still a long way to go.

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