The Crypto Lending Project, or simply CLP for short, is an online platform for peer-to-peer lending that leverages the open source and decentralized power of blockchain technology and cryptocurrency. The project has its own proprietary digital token – also called CLP – that can be purchased and will then be used to power p2p lending on the platform in the future.
What Is Crypto Lending Project?
CLP’s CEO is listed as Carsten Berner, a Danish entrepreneur with decades of experience in sales and marketing. Berner’s LinkedIn profile does not list CLP, but he is listed as the CEO of Big Brothers Holding; this holding company may be the actual owner of CLP, but there’s no way to verify this.
CLP itself lists an address in the United Arab Emirates, though this may simply be a mailing address to avoid any possible regulatory issues. The UAE is a popular place for doing business in the fintech field as a result of its regulations, which are advantageous to businesses of all types.
Crypto Lending Product
CLP’s website claims that the company is currently in “Phase One,” which involves offering an ICO for its CLP token in order to crowdfund the development of its p2p crypto lending platform. However, at this time, the CLP website does not offer any way to physically purchase these crypto coins, despite proclaiming that the Phase One ICO is currently in effect.
As a result, there’s no way of knowing when the 150 million pre-mined CLP coins will be available for purchase, nor is it known what the price of this token will be. There’s not even any information on what types of payment CLP will accept in exchange for its CLP token. This makes it exceedingly difficult to provide any accurate information on this company and its plans for the future.
Crypto Lending Opportunity
CLP claims that investing early in the company will provide individuals with the token that the peer-to-peer lending platform will run on – the CLP coin. This would put early investors into the position of being lenders once the platform goes live, providing opportunities to increase their investment through lending funds and collecting interest on these loans.
Additionally, CLP says that the company’s “Phase Two” – the p2p platform – will also have a free marketing program that will provide opportunities to earn CLP tokens. There is, of course, no follow-up information as to how this marketing program works, though we suspect it will be an affiliate referral scheme of some sort.
Crypto Lending Project Verdict
What’s there to say about Crypto Lending Project? It sounds like a great idea – if it ever gets off the ground. But despite the company’s assurances that the CLP token is available for investment, there’s no pricing information and no way to actually purchase these tokens.
Whatever’s going on with CLP, it doesn’t seem to be a company that’s firing on all cylinders. Whether it’s mismanaged or it’s simply crashing and burning before our eyes is unknown, but we can say that whatever’s going on doesn’t fill us with confidence – or a desire to invest.