Bloqboard helps you to lend others your hard-earned crypto • TechCrunch

Vitaly Bahachuk desires you to share your crypto. His firm helps you to lend cryptocurrency peer-to-peer by way of good contract, making certain you’ll be able to ship your buds some red-hot Ether and, in idea, they must pay you again. Additional, it permits for another intelligent tips to be performed with ERC20 tokens, together with performing a number of the strategies utilized by fairness merchants.

Co-founded by Alex Bazhanau and Bahachuk, Bloqboard is dwell now and the lending system is powered by decentralized lending protocols. They’ve not too long ago raised $1.2 million from Polychain Capital to arrange store after a summer time of constructing use circumstances for the lending house.

“Bloqboard has quietly launched final month in beta testing to a restricted variety of customers with restricted performance. Roughly $150,000 in loans have been borrowed by way of Bloqboard. Bloqboard has not undertaken any advertising actions but and continues its beta testing,” stated Bahachuk.

The actual objective is brief promoting, permitting customers to borrow tokens, promote excessive after which repurchase them when the worth falls. Solely three exchanges permit this performance proper now.

“Coinbase supplied dependable entry to commerce cryptocurrency and created a model,” stated Bahachuk. “We intention to create a model in all issues token lending. With a lot speak about tokenization of actual property, we consider that some real-world property will grow to be tokenized. Tokenized property work properly as a secure collateral, so companies and establishments can borrow secure cash towards such property.”

The app is out of beta and prepared for enterprise. Now all it’s a must to do is purchase some candy tokens.

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