What problem does this service solve?

Lending platform that allows people to use their crytpocurrency assets as collateral to receive loans.Credium is creating a blockchain-based credit database for the lending industry.

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Company Description

Teneos is developing a lending platform that will allow users to leverage their blockchain assets to secure cash loans, and get fast liquidity without having to sell them.

Credium wants to create a blockchain protocol that will be a database for the credit industry. They hope to use blockchain technology to reduce inefficiencies and increase transparency, while eliminating intermediaries.
The loan servicing and credit industry is hugely important in the United States. However, the difficulties in accessing credit worthiness, and the speculative nature of the industry, lead to inefficiencies.
Credium is launching a utility token called CDM that will be used on its platform.

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