Elixir (ELIX) Crypto Review: Lending via Blockchain

Elixir (ELIX) Crypto Review: A SALT or Ethlend Competitor?

Elixir (ELIX) is an up and coming competitor in the blockchain lending space. Many savvy crypto investors may already be familiar with popular lending blockchain platforms such as SALT and Ethlend, but perhaps Elixir does not ring a bell. In our review of Elixir and it’s native token (ELIX) we will cover important aspects to consider when one decides to invest in a crypto project.

Some of the areas that I will be covering in our Elixir (ELIX) Review include:

Introduction: What is Elixir?
The Team: Who are they?
Marketing Strategy: Will they be able to attract new users?
Investment Analysis: Can this be a profitable investment?

Elixir (ELIX) Cryptocurrency Review: Introduction

So is Elixir just another blockchain lending platform? It’s actually much more than a lending platform Elixir has a mission to specialize in three primary use cases such as the following:

(1) P2P Lending Platform
(2)Crowdfunding Platform
(3) Payments Ledger

It’s token runs on the powerful Ethereum network thus making it an ERC-20 token. The best exchange to purchase the ELIX token seems to be Kucoin at the moment, and one of the easiest places to store ERC-20 tokens is in a secure online wallet such as myetherwallet.

The Elix token is crucial to the lending platform and is used primarily as the currency of choice on the Elixir platform.Every application within the Elix mobile application and future web applications will be utilizing the Elixir token thus increasing its long-term value.

For a more in-depth analysis of Elixir and it’s native token ELIX be sure to check out their detailed whitepaper by clicking here.

The current market cap of Elixir is valued at a low cap of USD 22,565,077 this means that they will have the ability to increase their market cap considerably over time which could be excellent for crypto investors who accumulate at these price levels. The Elix token has a current circulating supply of 30,909,033 ELIX tokens.

Elixir (ELIX) Blockchain Review: The Team

The team is talented but considerably small for a crypto project, but that is not necessarily a bad thing. It seems that they focus on contracting out areas that demand less of their attention and tend to focus on areas that need their attention the most. At the moment the team is composed of two individuals.

David Jackson Cofounder- Graduate of Stanford University and past work experiences include working as a researcher at Stanford University lab systems and as a researcher at Duke University.

Munir Safi Cofounder- Graduate of Indiana University in Computer Sciences his past work experiences include working as a software developer at General Motors.

Elixir (ELIX) Token Review: Marketing Strategy

They do an excellent job at promoting their brand and is among one of the few crypto projects which entirely takes advantage of social media sites they even have an Instagram account.

The best place to read up on the Elixir project would be their blog where they post frequent updates. They also have a significant presence on Reddit, Twitter, and a Bitcointalk thread.

I also enjoyed watching their Youtube videos as it explains the benefits of the platform.

Elixir (ELIX) Crypto Review: Investment analysis

With a low market cap valued at approx 20 million dollars, this crypto projects seems to have further room to grow. Because of this reason, I believe it to be undervalued and I feel that this could be a good time to start accumulating ELIX tokens before the platform launches and more people become aware of this promising project.

 

*As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.*

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EthLend (LEND) Crypto Review: Blockchain Lending Platform

Ethlend (LEND) Crypto Review: Blockchain lending

EthLend (LEND) is a crypto company with a mission to provide consumers with a fair and accessible decentralized peer to peer crypto lending platform while also running on the robust Ethereum blockchain network. The Ethlend platform utilizes smart contract technology, so the lending process is fully transparent and trustless. All of the borrowings on the Ethlend platform are secured with collateral such as cryptocurrencies and ENS domains.

I believe Ethlend could be a good investment for crypto investors in this review I will be covering key areas that I think are essential to consider before making a substantial investment in a cryptocurrency.

Key Areas that I will analyze in this review will be the following:

Introduction: What is EthLend?
The Team: Who is behind the project?
Marketing: Can the project attract users and adoption?
Investment Analysis: Could EthLend be a profitable investment?

Ethlend (LEND) Crypto Review: Introduction

Ethlend is a crypto to crypto decentralized lending platform, the company will not hold any of the borrowers or lenders assets. Ethland instead uses smart contract technology so that borrowers and lenders can exchange with one another in a fair and transparent manner. The lender receives collateral from the borrower, in the form of cryptocurrencies and ENS domains.If the borrower is unable to pay back the loan within the agreed conditions, the collateral is transferred to the lender via smart contract technology.

Lend is the ERC-20 token that can be used on the Ethlend platform holders receive benefits such as the following:

* LEND token holders reive 25% discounts on the platform (loan request fee and loan funding fee). Other cryptocurrencies can be used on the platform, but you will no receive this benefit.

* The LEND token provides access to features on the Ethlend platform that other cryptocurrencies are unable to access. Some of the features that are exclusive to LEND token holders are loan listings and email marketing campaigns for new loan requests.

*Ethlend will use profits from the transactions fees on the platform to buy back tokens and then reward them to borrowers and lenders. Also, Ethlend plans to pay users in tokens who refer new users to the platform.

Since LEND is an ERC-20 based token that runs on the Ethereum network one of the safest places to store them is in myetherwallet, and the best exchange to purchase LEND tokens is on the popular Binance crypto exchange.

Ethland has a current market cap valued at USD 59,668,098 with a circulating supply of 940,000,000 LEND tokens and a total fixed supply of 1,299,999,942 LEND tokens.

Ethlend (LEND) Blockchain Review: The Team

Ethlend has a relatively large dedicated team of 20-50 employees many who work on a part-time basis. I have listed some of the team members below:

Stanislav Kulechov– Is the founder of the EthLend platform he is a busy fellow since he is also pursuing his Master’s degree in law at the University of Helsinki.

Jordan Lazaro Gustave– Head of Management at EthLend his past work experiences include being a country risk analyst for ENGIE and co-founder of TextFugees a web-based application that allows organizations to communicate crucial information to refugees in their native languages.

Notable Advisors include:

Jon Matonis– Founding Director of the Bitcoin Foundation.

Wulf Kaal– A renowned expert in Blockchain Applications.

Ada Jonuse– Co-founder of blockchain app Lympo and previous work experience at organizations such as the European Parliament and UN.

Ethlend (LEND) Token Review: Marketing Strategy

Overall they do a good job with marketing they have a significant amount of followers on social media sites such as Facebook and Twitter, and they do seem to post/tweet frequently new developments there.

Ethlend has taken advantage of video marketing by uploading quality YouTube videos that explain the benefits of the Ethlend platform. I am often surprised at how many crypto projects often neglect to take advantage of YouTubes far reach.

One concern as a new user would be that when I click on the website’s homepage and click the Live Dapp link, it gives me an error message since I have not installed metamask. Although I realize I need metamask many new users will not know this. To attract more customers I believe the developers should fix this link.

Ethlend (LEND) Cryptocurrency Review: Investment Analysis

I expect that the token valuation will increase with adoption and new members joining the EthLend platform. Furthermore, with significant enhancements and features being implemented in 2018 on the Ethlend platform; I believe now might be an excellent opportunity to start accumulating the tokens.

Ethlend currently has a small market cap for a crypto project; I believe that the token will have lots of room to grow in price valuation. The company also plans to buy back the tokens; so that should provide an incentive for investors to hold and utilize the platform. For a more technical review be sure to view their whitepaper by clicking here.

(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)

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