Aave - chaia

LEND

#34

market capitalization

$471,193,475

price

-1.57%

$0.3756

bitcoin price

0.76%

BTC0.00003213

ethereum price

0.40%

ETH0.00097170

24h volume

$77,918,916

  • Price
  • Market Cap
  • Exchanges
#
Exchange
Pair
Price
24h Volume
Volume %
Chaia

Aave details

summary

Aave is a decentralized lending platform that runs on Ethereum Network which offers secure, peer-to-peer lending Smart Contracts. Aave strives to break through the traditional bank loans system with a more efficient solution. Aave also uniquely allows a borrower and a lender to decide on important loan details that can eliminate the need of a middle man. Due to the elimination of middlemen, process fee for a loan does not exist on this platform. This provide convenience to any lender and borrower to create loans on their agreed terms. Decentralized lending has fixed many issues and one of the reasons why is the transparency of loan. The Ethereum network provides a transparent ledger where all transactions are available to be inspected. Secondly, it isn’t necessary to find a trusted loan provider because all collateral which is the digital asset ...for loans are stored and locked in a smart contract and broadcasted on the public ethereum blockchain. It is also flexible for borrower to manage the collateral by refilling or withdrawing part of it. Borrower may make such changes when the lender is notified and aware of such movement. If the lender finds out that the action is not communicated, the lender is allowed to initiate a margin call. This year, Aave has made a major upgrades in its Q1 2018. They have deployed the new development for their peer-to-peer lending application named Alpha 0.3. The development process of Alpha 0.3 has started since the early of 2017. The new release also includes a completely new user interface which targets to lower the learning curve of user experience on the app. Furthermore, the new user interface has new sections to make lending process simpler such as including a ‘My Loan’ section, collectible badges and more. Other than that, the team is also in the process of developing more updates for the smart contracts. Hence, the team has decided to provide zero-fee lending with the use of LEND token as a medium of exchange, as an alternative to borrowing in Ethereum. The purpose of this is to provide a cross-blockchain lending currency which will prompt users to use LEND as the medium of exchange.

price & media data

24h high/low:
$0.4179 / $0.3722
All-time-high price:
$0.4288
All-time-high date:
Aug 08, 2020
Distance All-Time High:
-12.22%
Market Capitalization today:
$471,193,475

technicals

Circulating Supply:
1,256,361,932 LEND
Total Supply:
1,299,999,942 LEND
Proof Type:
N/A
Hashing Algorithm:
N/A

ico stats

Whitelist:
-
Presale:
09-25-2017 until 10-25-2017
Public sale:
11-25-2017 until 11-25-2017
Ticker:
LEND
Platform:
-
Country:
EE
Accepting:
ETH
Restrictions:
N/A
Soft Cap:
-
Hard Cap:
-
Total Tokens:
1,299,999,942
Available for Sale:
1,000,000,000
Price:
1 LEND per 0.02 USD
Total Raised:
16,200,000 USD
Bounty:
-
KYC Required:
No