TALLINN, ESTONIA / ACCESSWIRE / October 11, 2018 / In the traditional P2P lending market, lenders are typically limited in the types of collateral they can accept for loans, usually being restricted to assets such as cash, inventory or property. Depository Network - A blockchain project that recently secured $250,000 in seed funding is looking to shake up this industry, by offering lenders a way to safely receive and store digital assets as collateral.
In one swoop, Depository Network's DEPO platform looks set to add great value to both the cryptocurrency and traditional lending industries
Full Speed Ahead
Since the initial launch of its listing, DEPO has already signed listing agreements with over 20 promising projects, the majority of which have gone on to raise large sums during their initial coin offering.
DEPO's selective review process ensures that only projects with viable tokenomics, a strong team and a true value-adding concept will be accepted for listing on the platform. Projects looking to list their assets on DEPO are required to hold a specified amount of DEPO tokens.
Introducing WHISKY
Тhe latest addition to the DEPO lineup is WHISKY TOKEN - the world's first whisky asset-backed crypto token based on Ethereum technology.
The WHISKY TOKEN is the first token to combine the limitless potential of cryptocurrency with the security of real whisky value, allowing WHY holders to benefit from the growth in value of rare high-end whiskies, whilst protecting them against the volatility typically associated with cryptocurrencies due to its value-backed tokenomics. The WHISKY TOKEN ICO starts on December 1.
DEPO believes that cooperating with the WHISKY TOKEN project will open the doors to crypto-investments to a far greater number of people, allowing fine whisky collectors and investors alike to safely invest in cryptocurrency.
Benefits for listed projects
Listing on DEPO offers everyone involved an extensive range of benefits, whilst building out the collateral repertoire available on the platform and improving the utility value of listed assets.
Some of the key points of the platform include, but are not limited to:
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Lenders are capable of expanding their market cap by accepting blockchain assets that their competitors don't.
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Borrowers can enjoy substantially enhanced the liquidity of their assets and retain their ownership throughout the lending period.
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The blockchain-asset will become a part of a major ecosystem, hence enjoy an increased exposure among many other assets.
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DEPO can be easily integrated into any lender website, further increasing the exposure of listed digital assets whilst directly increasing their utility as loan collateral.
You can read more about the project on the official website.
Media Contact:
Name: Delyan Nikolov
Email: [email protected]
Website: https://depository.network/
Telegram: https://t.me/depositorynetwork
SOURCE: Depository Network