Rad Lending ICO (RAD Token): P2P Secured-Crypto Loans?

RAD Lending describes itself as the “future of lending”. There are many lending companies on the market today, so what could make RAD Lending different from literally thousands of these companies that you can find online? We will try to explain that in the article.

The company works with P2P lending solutions for people who do not want to use the formal lending market that you can find in banks. By using blockchain technology, the company acts as a platform that can connect the people who need the money with the ones who are interested in receiving interest for lending their cash.

Many people need lending services like small cryptocurrency businesses, miners, companies that need loans for cash flow after they have already done their ICOs, traders and investors. All these people might need money for liquidity or for whatever they are interested in. Because of this, they might end up looking for a platform like this one.

This company was created by Aleksander Gerasimov, which works with Mikhail Nikulin, Alexander Spuller, Peter Balog, Adam Tasnadi, Dorothy Toth, Peter Pajer, Max Bortnikov, Svyatoslav Tiunov, Noemi Barkoczi, Lesia Artymovych and Richard Majsai.

rad card homepage

What Is RAD Lending?

Three main elements are very important for the RAD Lending platform to work as well as it does. The first element is security, then there is also trust and investors, which are the heard of P2P lending. The site uses smart contracts for the transactions, which helps to build trust, as the contracts are immutable and self enforceable and also helps in the security of the system.

The platform acts mainly as a way to connect investors and borrowers by providing them the space and all the tools that they might need. The platform supports many different fiat and crypto currencies. It also has a matchmaking engine to help people finding what they need.

The company also has secured lending. You can use crypto collateral against a fiat loan or a credit product. All of this is controlled by smart contracts. Users can also control their digital credit history on the site and it also uses machine learning to get more data that it can be used by its clients to determine someone’s credit, which is necessary to see if they should lend the money or not.

The platform will be officially launched sometime during 2018 and it will have a desktop version and apps for both iOS and Android that will have integrated cryptocurrency wallets in them.

The RAD Card

The company has devised a service called a RAD Card. This is a credit card that you can use with zero interest rates for a grace period. This way you can use the cryptocurrency that you have gotten from some lender in the company anytime that you want or you can buy things first and then pay for them later.

Something unique about this credit card is that it is 100% virtual, unlike most of what you will find in the market today. In case of any type of problem, you can just dispose of it and then create another one.

The RAD Card authorizes payments with biometric data and is integrated with a reliable software that can prevent card frauds with the “freeze card” option that you can use anytime.

You can fund your card with fiat currency, ETH, BTC or any type of ERC20 token that you can find.

Rad Lending Token Sale

The company will launch its pre-ICO soon to sell their tokens on May 15. You have to be an accredited investor to be able to participate. If you are whitelisted, you can enjoy a bonus of 40% on the price of the tokens. USD, ETH and BTC will be accepted on the sale.

Rad Lending still did not divulge the actual price of the tokens and the date for the main ICO, which will happen after the pre-phase is done.

  • Token Symbol: RAD
  • Token Sale Starts: May 14, 2018
  • Token Standard: ERC 20
  • Hard Cap: 45 Million USD

The Rad Lending Verdict

There is one point that makes Rad Lending different from other lending companies: it actually looks prepared. If you research about the company, you will see that it really looks like this company is prepared to be a success, not only another lending company lost in the market. Because of this, it can be a good investment for you.

On the other hand, this company is far from innovative and offers a service which the market already has more than it needs, so think about this factor before investing.

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