Cobalt Lend : Decentralized Lending Protocol

By mdyakeen | CRYPTOCURRENCY/BLOCKCHAIN | 13 Dec 2020

Today the world is gradually moving into the technological era where computing power is the fuel of modern technology. Computer processing power is needed to drive the ever-evolving and increasing aspects of technology. Artificial intelligence, virtual reality, augmented reality, cloud computing, and blockchain technology are just a few of them. It has become a commodity as demand continues to grow.

Cobalt Lending Platform :

The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank, completely governed by the community and therefor the community directly profits from its’ involvement.

The current credit system is fundamentally flawed and the Cobalt platform corrects this by facilitating a community voted and approved lending program on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it.

Cobalt Lend Features :

Borrowing & Lending : Users can lend their excess capital to other users who need it and get profit from the loan interest. Everything can be done easily via mobile phone.
Cobalt Lend Software Suite : Software developed by Cobalt Lend, which allows processing cryptocurrencies and credit cards together in one mobile Dapp without going through or adding additional hardware.

Small Businesses : The focus of Cobalt Lend is to empower businesses that are struggling to get loans. With Cobalt Lend, businesses can be facilitated by borrowing and lending in the same community easily and safely, so that the beneficiaries are the community instead of the bank.
Community voted lending : Every loan submitted by users will be reviewed and approved by the community. In this process, the community will not see race, religion, skin color, or other things, everything in the community will be equalized, the most important thing is the merit of the project and the collateral provided by the borrower.

More Info About Cobalt Lend:

Website: https://cobaltlend.com/

Telegram : https://t.me/cobaltlend

Twitter : https://twitter.com/CobaltLend

Medium : https://cobaltlend.medium.com/

Facebook : https://www.facebook.com/cobalt.lend

Linkedin: https://www.linkedin.com/in/cobalt-lend-9a83571b9/

Reddit : https://www.reddit.com/user/cobaltlend

Instagram : https://www.instagram.com/cobaltlend/

Github : https://github.com/cobaltlend

AUTHOR

Bitcointalk Username : mdyakeen

BitcoinTalk profile link : https://bitcointalk.org/index.php?action=profile;u=2205582

Resources

https://www.linkedin.com/pulse/cobalt-lend-decentralized-lending-protocol-md-yakeen/

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mdyakeen

I write about blockchain and digital assets.

CRYPTOCURRENCY/BLOCKCHAIN

Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by cryptocurrency holders.