Blend Coin – New Crypto Lending Platform
Hello Friends, on this occasion I will review about the advantages of Platform Blend, take a moment to be able to read it samapai to finish, :) why I refer the platform offered by Blend, and how the benefits become part of the project developed Blend. In today's world began in the development of digital Crypto, the world is changing very fast, the development of the most advanced blockchain technology currently followed by several platforms developed to support the global economic activities.
Blend provides a clear view of loan investments to maximize your profits by combining multiple loan platforms into one easy-to-use dashboard.
Blend is a European based company with a team consisting of highly skilled professional developers, software engineers, project managers and advisors, all very experienced in stock market trading and investment platforms. Blend has integrated their knowledge and skills to become a top class team in the crypto world and fast-growing block-chain technology.
The Blend platform will interact with multiple lending platforms and thereby make it easier for users to create, manage and track their cross platform loan investments. With Blend's technology, Blend can bring larger groups of borrowers and borrowers into an understandable and reliable environment where security and safety are a top priority.
According to Blend, this flexibility will result in a better balance in supply and demand in the lending market and at the same time is a safer and profitable platform with many opportunities for growth.
Blend BLE ICO Details
Blend tokens, or BLE, are ERC20 tokens built on the Ethereum blockchain.
There’s a total supply of 40 million BLE tokens. Just 8 million tokens are being sold during the ICO.
Tokens will be sold at a rate of 1 ETH = 2,000 BLE during the pre-sale, rising to 1 ETH = 1,200 BLE during the final round of the ICO.
The company’s whitepaper doesn’t specifically explain where ICO proceeds will go. It vaguely mentions things like “system development and IT” (40% of ICO proceeds), “investors” (30%), “business development” (20%), and “marketing/advertisement” (10%).
The ICO is scheduled to take place in Q1 2018. However, the company has not announced specific dates for the token sale as of February 2018.
Who’s Behind Blend?
Blend describes its team as a “European based company with a team that consists of highly-skilled professional developers, software engineers, project manager and advisors.” That team is “all very experienced within stock market trading and investment platforms.”
The company does not reveal further team information on the whitepaper or website.
Not all companies reveal team information online. However, it’s a huge red flag when a company refuses to disclose team information – especially when they’re dealing with a lending platform. Infamous lending scams like Bitconnect and DavorCoin refused to disclose team information throughout their entire run, for example.
The only way to contact the company is through their social media profiles, including their Facebook page and their Twitter profile. No other contact information is listed online.
Blend Conclusion
Lending program scams are rampant across the cryptocurrency industry. Bitconnect, Regal Coin, Davor Coin, and other Ponzi schemes have given the crypto lending industry a bad name. Now, Blend wants to consolidate all of these lending programs into a single platform.
Blend doesn’t have any product in place. The company wasn’t formed until late 2017, and they don’t appear to have begun developing the platform. Instead of developing the platform first, the company has chosen to launch an ICO for its BLE tokens.
It’s unclear why Blend has its own BLE token, and the whitepaper features no technical details about the platform whatsoever. The company also doesn’t disclose any team information whatsoever.
Ultimately, Blend gives investors little reason to believe there’s a legitimate product here, and the lack of transparency is a huge red flag that Blend is yet another lending scam catered to the same gullible people who invested in Bitconnect and Davor.
Telegram: https://t.me/BlendANN
Twitter: https://twitter.com/Blendcoins
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