LendEra is another lending and staking platform that is based on arbitrage profits.
Whereas the majority of other similar platforms tend to use Bitcoin exclusively as the intermediary choice of cryptocurrency, LendEra aims to cast a wider net by including the addition of Ethereum and Waves.
Staking and mining will also be available as a source of income potential. LendEra believes hybridized proof of work and proof of stake should increase the platform user base and reduce coin availability, both of which will cause an increase in the overall coin value.
What makes LendEra unique compared to other similar platforms?
LendEra aims to maintain the long term growth of their coin by reserving a generous 50% of the funds raised during their ICO in order to support the LEC coin when it goes down and slowly change it back. An interesting airdrop has been scheduled for mid-2018. To help incentivize lending and strengthen the value of the LEC coin, 100 LendEra dollar tokens will be awarded for every 1 LEC that you invest on the lending platform for at least 45 days preceding the airdrop. LendEra will honor a 1:1 lending exchange value of US$1 worth of LEC coins for every one LendEra dollar token. The purpose of this airdrop is to encourage all LendEra investors to not sell their LEC coins for less than $100, since this will be its acknowledged value by the time of the airdrop. Again, it will hopefully also encourage more lending which will further strengthen the coin value.
LendEra will also offer an alternative lending option known as Genesis Lending. Instead of USD payouts to be made over a specific invested period, LEC coins that are invested on this lending platform will have interest paid out in LEC coins so that increasing coin value can also benefit you.
In addition, there will be no lock in period with Genesis Lending giving you freedom and flexibility with your options.
*Please understand that the information on this site does not constitute financial advice in any way.
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