ADALend: Major Developments On The Horizon
27 Gennaio 2022 - 05:16AM
NEWSBTC
ADALend’s mission is to democratize the lending industry by using
the Cardano blockchain to eliminate the traditional banking
middlemen. This will be accomplished through the development of a
platform that connects borrowers, and lenders in a decentralized
manner. With the help of blockchain technology and IOHK’s research
and development, the platform will provide a simple, secure, and
more transparent way of exchanging value. The decentralized lending
platform will allow creditors to perform lending activities and
create a safer and more efficient lending environment for all
users. Ensuring the Security and Safety of Lending in a
Decentralized Environment While traditional banks continue to
disregard the needs and concerns of the people, ADALend has come to
provide access to loans for those in need who have been ignored.
The inability to gain access to funds has long-term consequences.
ADALend provides a platform to change the current state of
financial affairs. While the cryptocurrency market is young, it is
already very versatile. ADALend is a revolutionary platform that
brings the best of both worlds together, with an innovative
business model to take advantage of the best features of multiple
industries, thus creating a new and sustainable source of income
for businesses, investors, and borrowers. Lenders and borrowers
alike have had to contend with a lack of transparency and safety,
making it difficult to efficiently manage a lending platform. The
team at ADALend is working to solve this problem. The team has
expert economists, engineers, and business professionals that are
working to build a trustless, decentralized lending protocol that
will allow users to operate in a self-governed environment. By
using decentralized lending protocols, users can borrow, lend and
earn money in a secure and anonymous environment. A New Architect
for ADALend It is a challenge to build ADALend on the Cardano
blockchain using Haskell and Plutus with smart contracts being
quite limited in these early days. However, ADALend has announced
today that after a long executive search they have hired a new
Chief Technology Officer Ali Krynitsky, who brings extensive
experience of working software development for Enterprise and
Consumer software companies, and a deep passion for developing on
Cardano. However, ADALend stated today that they have hired a new
Chief Technology Officer, Ali Krynitsky, who offers vast experience
designing software for Enterprise and Consumer software firms, as
well as a strong passion for Cardano development. ADALend will
launch its public IDO in March 2022 across numerous Launchpads and
will list on several top-tier exchanges shortly thereafter. The
ADAL tokens will be available for purchase at the discounted rate
of 55 cents until the end of the Private Sale round A on January
31st at Midnight GMT. From the 1st of February, there will be a
Private Sale Round B with a price of 70 cents, which will last
until the IDO Launch, when the beginning price will be 1 US Dollar.
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