New ‘crypto bank’ Alendoo offering 15% interest rates on tokens, with anonymity
THERE ARE MANY CRYPTO RELATED LOAN PLATFORMS ON THE MARKET, BUT NONE OFFERING WHAT ALENDOO DOES!
March 22, 2019 –Alendoo platform is an innovative platform offering anonymous crypto backed loans and crypto rewarded lending. What is more, Alendoo wallet provides saving interests in the value of 5% per year. Why keep your coins on any other wallet whilst you can get passive income by simply keeping your coins on the Alendoo website?
Created to ensure anonymity
“Alendoo is committed to protecting the customer’s funds from the public and our team takes the necessary measures to protect our customers and promote anonymity. While you can see who the Alendoo team members are – we will never ask who you are! At Alendoo, our motto is: ‘Your anonymity is our priority.'”
There are six supported cryptocurrencies on Alendoo at launch, and half of them are known as privacy coins. Using them provides additional anonymity as the transactions on their blockchain are untraceable. These coins are Dash (DASH), Monero (XMR), and Zcash (ZEC). For customer’s convenience, we have also added Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). There are plans to add more privacy coins to the platform in the near future.
Alendoo services can be likened to a cryptocurrency bank. That is why there are three types of accounts:
Main account – operates like a cryptocurrency wallet with one massive difference – customers who hold coins here are rewarded with 5% APR interest which is added to the account balance once a month. This means every customer who deposits their crypto into the ‘Main account’ will receive monthly interest for just holding their assets on the platform.
Loan account – this account is dedicated to the main product offered on the Alendoo platform – Loans. Customers who use this account can secure crypto backed loans that are paid out in Tether/USDT. They can choose from 20-70% LTV (loan to value) which then determines the interest rates from 10-22% per year. Customers are always given 365 days to repay the loan and they can do it as a lump sum or as instalments.
Lending account – this account has the highest earning potential can be regarded as a form of saving with interest in the ordinary bank. The customers agree to lock their crypto for 60 days and in return, they receive interests that are set on 15% per year.
The Alendoo advantage becomes clear when you compare the other options on the market today:
Alendoo’s main mission is to keep their customers anonymity, to do so they’ve had to ‘think outside the box’ to fulfil its existing promises to customers and find a way to extend their offering by adding loans paid out in FIATs. An innovative solution has been selected for this issue. Alendoo decided to design an NFC mobile application that will be loaded with cryptocurrencies and without the need to register a debit or credit card.
The design of an NFC application and creating the right infrastructure for the entire process will require large funding. Alendoo cannot handle this project independently, which is why this investment opportunity is now available. The company has made plans to launch an Initial Coin Offering for their token – the Alendoo coin (XAL). XAL will serve essential complex purposes due to its properties as utility coin.
There are 85,000,000 XAL tokens available to sale for $0.1 each. Additionally, there are discounts available and in the presale, purchasers can get the Alendoo Coin for just $0.07.
The presale starts on Monday, 18th of March and the main sale starts on Monday, 1st of April.
The company sets the soft cap at $3,000,000 and that is the minimum that must be raised to start the development. If the soft cap is not reached, all collected money will be returned to the customers.
The XAL token has functionality beyond the fundraising, it will also serve as a utility coin at Alendoo platform and enable token holders to participate in:
Discounted Loan interests – the collateral made in XAL will be presented with a 50% discount to APR.
Revenue shareing – 20% of the revenue generated by Alendoo will be shared among all users holding XAL on the Alendoo platform.
Increased Lending interests – every Lending made in XAL will be rewarded with a 10% bonus to the standard interests.
Extras – Alendoo has established a cooperative agreement with many crypto related companies, and there is a plan to offer extras to their customers, for example, a discount to some products, etc.
Alendoo is an advanced cryptocurrency platform that offers crypto backed Loans and Lending for which crypto is used as interest. One of the most important values in Alendoo is anonymity. Alendoo is linked to being a “crypto bank” due to similar services offered.
Media Contact Company Name: Global Crypto Press Association Official Newswire Contact Person: Media Coordination Desk Email:Send Email Phone: 415-658-6226 Country: United States Website:http://alendoo.io