Compound

by Compound

4.5/5

(1)
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HERO Token

by HERO Fintech Technologies

(0)
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Compound

by Compound

4.5/5

(1)
View Profile

HERO Token

by HERO Fintech Technologies

(0)
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What problem does this service solve?

Compound lets users borrow or lend cryptocurrency and earn an interest rate.RCN is a peer-to-peer credit network based on a blockchain protocol with cosigned smart contracts. Its goal is to bring lenders and borrowers together and in a global credit network.HERO's goal is to connect borrowers and lenders in a decentralized lending marketplace.

Token Stats

Company Description

Compound is an Ethereum-based lending platform that allows DApps to easily monetize or borrow tokens. The Compound token is used to power a money lending market for crypto assets. Projects can earn interest on funds that are inactive. The Compound protocol adjusts money market interest rates based on asset-specific supply and demand. This allows users to exchange Ethereum assets without having to negotiate terms, rates, or technical requirements.

Ripio Credit Network is a blockchain protocol for the lending industry. RCN connects lenders and borrowers anywhere in the world, and facilitates loans in any currency. RCN's goal is to lower fees and costs with a decentralized tokenized lending process, but maintaining an intermediary agent in order to manage the credit risks involved in lending and to handle certain aspects of debt collection. The network is powered by the RCN token.

HERO is developing a blockchain-based lending marketplace that will connect borrowers and lenders. The network will be powered by the Ethereum based HERO token. The project was originally focused on using blockchain to promote financial inclusion in Southeast Asia.

Ratings

Overall

4/5 (1)

(0)

(0)

How likely is it that this platform will exist in 10 years?

5/5

How effective is this platform in connecting supply and demand?

4/5

How does this platform compare to other decentralized lending services?

4/5

How likely is it that you would use this type of lending service?

5/5

Do you agree that this blockchain-based solution can improve upon existing technology?

5/5