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- The objective of ADALend is to democratize the loan sector by eliminating traditional banking middlemen through the use of the Cardano blockchain.
- The platform will provide a simple, safe, and transparent manner of trading assets with the use of blockchain technology and IOHK’s research and development.
- The decentralized lending platform will enable creditors to conduct loan operations, resulting in a safer and more efficient lending environment for all users.
ADALend is a platform that is trying to combine the best of both worlds, with a unique business strategy that leverages the greatest qualities of several sectors, resulting in a new and sustainable source of revenue for businesses, investors, and borrowers.
ADALend – Safe and anonymous environment for loan
While traditional banks continue to neglect people’s needs and concerns, ADALend has been created to give access to loans for individuals who have been overlooked. Inability to get finances has long-term effects. ADALend provides a platform for changing the present state of affairs in the financial world.
Lenders and borrowers have both had to deal with a lack of transparency and safety, making it difficult to handle loans properly.
The ADALend team is trying to resolve this issue. Expert economists, technologists, and business experts are working together to create a trustless, decentralized lending protocol that will allow users to function in a self-governed environment. Users may borrow, lend, and make money in a safe and anonymous environment by using decentralized lending protocols.
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Public IDO will launch in March 2022
It is difficult to create ADALend on the Cardano blockchain using Haskell and Plutus, as smart contracts are still in their early stages.
However, ADALend announced today that after a lengthy executive search, they have hired a new Chief Technology Officer, Ali Krynitsky, who brings extensive experience working in software development for Enterprise and Consumer software companies, as well as a deep understanding of blockchain technology.
ADALend will launch its public IDO in March 2022 across many Launchpads, followed by a listing on various top-tier exchanges.
ADAL tokens will be available for purchase at a reduced rate of 55 cents until the end of Private Sale round A on January 31st, at Midnight GMT. Beginning February 1st, there will be a Private Sale Round B with a price of 70 cents that will run until the IDO Launch, when the starting price will be 1 US Dollar.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
