- 8th October 2018
- Posted by: emy
- Category: Media
Remember, the more the usage opportunities that exist for ELT, the greater potential demand for the token will be, and result in a higher probability of the token price increasing.
With traditional bonds you can’t use digital assets as payment, the process of setting up the prospectus is complex and time consuming, and there are intermediaries involved who charge fees.
Compared to traditional bonds, the LC Smart Bond will offer:
•A smart contract on the Ethereum platform
•Offers and buyer interest published immediately on the blockchain
•KYC carried out on the blockchain
•Smarts contracts which will manage payments
•Details will be transparent and visible to all participants in the bond.
•Smart Bonds usually have a life span of 3-5 years, and for the duration of the bond, investors will have the option to receive a yearly interest in FIAT
•Cryptocurrency investments can be repaid as crypto at the end of the bond.
•This means that investors will be able to sit on their crypto and enjoy FIAT returns on their investment.
•LC Wealth aims to eventually list its bonds and funds on a recognised exchange, which means investors will be able to sell their participation to someone else.
Lendo has always aimed to create a healthy ecosystem which doesn’t rely exclusively on exchanges. ELT already has ‘utility’ because holders can use it to pay fees and interest payments on our platform, however we’re delighted to see its utility extended even further by our third party partners belief in it and its acceptance as payment for other goods and services on other platforms.