What problem does this service solve?

The Celsius Network will connect lenders and borrowers in a P2P lending market.Chintai allows EOS holders to earn passive income by lending out their bandwidth resources to DApp developers.

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Company Description

Celsius Network is developing an Ethereum-based lending platform. They aim to replace banks as centralized loan providers, and to allow cryptocurrency holders to earn returns by lending. Through the Celsius Wallet, users will be able to lend and borrow coins at significantly reduced rates compared to traditional financial institutions. The Celsius App is available on iOS and Android, and enables users to send funds with no fees.

Chintai is a community owned EOS token leasing platform. It connects the EOS community with DApp developers through instant, algorithmic, transaction execution that delegates bandwidth resources. The platform is sponsored by many of the largest EOS Block Producer candidates.

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