Ripio Credit Network vs LinkEye vs Compound
What problem does this service solve?
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. | LinkEye's decentralized database of credit data will enable more people to have access to credit and financing. | Compound lets users borrow or lend cryptocurrency and earn an interest rate. |
Token Stats
Company Description
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. | LinkEye is creating a blockchain platform for a global credit alliance. Their goal is to create a decentralized database for credit data, based on Hyperledger, that will facilitate greater access to loans. The platform is powered by the Ethereum-based LET token. | 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. |