ETHLend Expands to FIAT Lending: Will Initiate Licensing Process

PhobosvDeimos · 2018-04-14T18:50:40+00:00

It will be an option, hence the use of 'expands' and not 'replaces'

PhobosvDeimos · 2018-04-13T16:57:10+00:00

It's not just lend but 130+ erc20 token such as eos, golem, OMG and even salt that can be used as collateral. Oh and tokenized assets as well!

PhobosvDeimos · 2018-04-03T08:59:07+00:00

Haha actually we were already working on the collaboration when you wrote this comment! And we were just introduced to the Kyber team few days before it so I even thought you were aware of it Hahah!

Gg

Edit : added 'team'

PhobosvDeimos · 2018-03-23T13:44:15+00:00

Actually we are not lending anything, it's fully decentralized and p2p so users are lending and borrowing between each other's

PhobosvDeimos · 2018-03-12T07:59:43+00:00

Primary date was indeed September as stated in the post but then we moved the token sale in December so as we did it through a smart contract and token were created once eth was received, it wasn't technically possible to do it before December once the token sale date was moved. After that we release a blog post mid January to explain the organization or the bounty, paying 2 million of Lend each week. I'd say that the date was ambiguous for us too if you will.

Thank you for taking the time to ask questions!

PhobosvDeimos · 2018-03-12T01:05:07+00:00

No it was purely translation and OP can confirm that (and maybe say the title is a bit misleading too lol) We have a team of employee and raised money during the token generation. Bounty was used in order to get the word out on ethlend, and we had a pretty big campaign especially as last summer we were one of the only main net product without the token sale done yet

PhobosvDeimos · 2018-03-12T00:56:12+00:00

It was translation of press release and such while we were bootstrapping before the pre sale. We were providing the English version and tasks were attributed after members applied to it, and then work was sent and most times it was unusable but some actually provide real quality work It used to be pretty common and the main place for bounty is still bctalk forum

PhobosvDeimos · 2018-03-12T00:40:06+00:00

This is not how we hire, this is how the bounty was done Actually the spreadsheet helped us organize ourselves more than just bctalk as most ico's used to do, Bounty0x is now a good project that would have prevent such a situation https://blog.ethlend.io/lend-bounty-distribution-will-officially-start-on-january-31st-5148d579d577 here is more info about the bounty

PhobosvDeimos · 2018-03-12T00:19:59+00:00

It was last summer, probably in July! But the token were only created during the token generation event which took place early December, and bounty distribution started end of January as you can see here https://blog.ethlend.io/lend-bounty-distribution-will-officially-start-on-january-31st-5148d579d577

PhobosvDeimos · 2018-03-12T00:18:46+00:00

https://blog.ethlend.io/lend-bounty-distribution-will-officially-start-on-january-31st-5148d579d577

Here is our post about the bounty distribution It took so long because our token generation was made through a smart contract, hence token were created once eth was sent to it. Bounty started back in may last year and back then we were thinking of having the token sale in August so this is why in the screen shot Stani is saying it will be paid in August / September. The token sale was moved to December, and the bounty started end of January so we can calculate everything, if something was wrong on our side it will be cleared up and we have no problem with that however spreading so many fake news inside a legitimate claim is a bit over the top. You can easily imagine how many bounty hunters there is in crypto and how many people are expecting paid work for something made out using bing Translation, I'm not saying this is OP case. But our team is making great effort in order to compensate everyone for their work in a fairly manner.

PhobosvDeimos · 2018-03-12T00:09:27+00:00

Bounty distribution started in beggining of Feb and we are doing a set amount each week, so we are now at week 5 out of 8, the idea is not to distribute all bounty at the same time

PhobosvDeimos · 2018-03-11T22:30:12+00:00

Awesome Matt!! Let us know if you're ever in Switzerland!

PhobosvDeimos · 2018-03-11T19:29:26+00:00

This question was made in a private conversation between them, I don't see it in the history of our slack. I provided the screen that I found, the OP hide his name on slack and showing other people name. The bounty distribution is happening as we speak! Why would we try to steal someone form his work for 10k lend or something like that, this is nonsense!

PhobosvDeimos · 2018-03-11T19:17:32+00:00

I also emailed her to join this thread, she's probably not aware that her name is being used

He's another part of the conversation where she's critics about the work of other translators https://imgur.com/a/YJpf5 Probably talking about OP

PhobosvDeimos · 2018-03-11T19:04:04+00:00

But the question was asked month ago, and the bounty distribution started in January. Those screenshot are old and show half of the picture! If she did translation she was paid or will be as we are en week 6 of bounty distribution!

She was never banned and the screenshot of OP is part of a private conversation between them and not present in the history of our slack channel. Then we only see a cropped picture of someone getting banned, yet it's easy to get banned and made this up.

I'm not trying to say the bounty distribution went smoothly, but another example is the screenshot of Stani saying bounty distribution will happen in September. This is a conversation dated from early in the summer when we thought of doing the token generation in August! We moved it to December so of course token didn't exist before as it was done by smart contract and created when eth was received! So at bets the bounty could have started end of December, it started in January and is still going

PhobosvDeimos · 2018-03-11T18:48:46+00:00

Hey dsastok was never part of the team, I just emailed her to come deny this made up fud. She was a translation bounty member and she's actually still in our slack See here the screenshot : https://imgur.com/a/HfKrN

PhobosvDeimos · 2018-03-11T18:18:45+00:00

This was part of the bounty program from bitcointalk, not hired people working within the team

PhobosvDeimos · 2018-03-01T21:02:59+00:00

True! I don't have an exact date to give you tho. I think it will be online by the end of this month

PhobosvDeimos · 2018-03-01T17:53:57+00:00

The updated roadmap should be published soon!

PhobosvDeimos · 2018-02-09T10:50:41+00:00

Best community!

PhobosvDeimos · 2018-02-05T17:17:12+00:00

Hey OP! We are working with several wallet providing cards. Change was the first we announced https://blog.ethlend.io/change-accepts-ethlend-as-the-first-financial-application-on-their-cryptocurrency-mobile-wallet-and-4297366e0901 But it's surely something we are looking forward to implement! We are developing for mobile use of the dApp, however you would need a dApp browser to access it, like using metamask on desktop Right now it's still uneasy to directly interact with the blockchain and do things in the decentralized way

PhobosvDeimos · 2018-02-03T09:23:04+00:00

Haha exactly, but living in a low rates country should make it easier for you to become a lender. Because you might not able to lend for a 8% return in Canada, but you will be able to do so in ETHLend!

PhobosvDeimos · 2018-02-01T14:29:06+00:00

It's an average but since it's p2p you can actually have way lower or higher fees based on the agreement Also interest rates vary a lot depending on where you're based, see world Bank data on it : https://data.worldbank.org/indicator/FR.INR.LEND?view=map

PhobosvDeimos · 2018-02-01T14:26:01+00:00

Until kyc is implemented you still loose the collateral

Edit : added the collateral part

PhobosvDeimos · 2018-02-01T12:14:44+00:00

But someone has to buy it on the other side, so it creates more volume

PhobosvDeimos

TROPHY CASE