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Peer to peer lending

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Team:

KHALID - Co-Founder

KHAN - Co-Founder

FRANK - Social Media Manager

YURI - Business Development Manager

SULAIMAN - Frontend Developer

LOHDI - Marketing Manager

DecentraLend is a decentralize peer to peer lending platform where individuals determine their lending interest rate , with a new feature where users can lend both Decentralend(DLD) and Bitcoin(BTC)

Expert Review

TokenTops
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2.5 out of 5

DecentraLend, as the name indicates, is a decentralized platform, which wants to make it easier for users to lend and borrow cryptocurrencies in a peer to peer way. The possibly biggest feature of the platform, which can make it stand out from similar competition, is the fact that there are no hidden fees and it's completely free. The decentralization and p2p approach, allows the lending system to work much easier, as it is not monitored by any company or financial institutions. There won't be any problems with getting a loan, as long as you have enough funds to use as a collateral. To ensure the safety and eliminate potential disputes, there will be an escrow system to secure the payback of the loan. Some people may have concerns with the lack of extended information in the whitepapers, however the team explains that they want to focus on finishing the smaller milestones on their roadmap and devote all of their time and skills to them, instead of promising a lot of features from the very beginning and not deliver them that efficiently. However, the project lacks a lot of details, while the descriptions and the designs seems to be very neglected, which gives an unprofessional vibe.

User Review

Write review 9 reviews
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Victor1231 march 2018, 00:15

Lol, the team doesn't exist at all. I mean they have provided LinkedIn profiles for few people, while the others don't even have photos and only provide something like Telegram account, which makes it very suspicious. Broken English also suggests that they are foreigners and hmm... it could easily turn out to be a scam(?) In my opinion, it's not worth buying into. Check out other p2p cryptocurrency lending platforms. Do your own research.

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To2ms830 march 2018, 23:30

Decentralend wants to create a p2p lending platform. I like the idea that you will be able to borrow money without all of the problems and documentations that are required in mainstream platforms and institutions. There are no background checks here and as long as you have enough tokens to back up the loan, you can get it almost instantly. The whitepapers are the weakest point of the project and I wish they were better.

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What are you people talking about30 march 2018, 07:00

To @mailtoamir60, how come have you checked the website carefully and decided that's the best ICO to invest in? They provide little to no REAL and TECHNICAL information, the team has no experience and the site simply looks quite bad. I understand that English may not be their native language, but they could have easily hire someone to prepare the descriptions for them, as it's sometimes very hard to understand what's on their mind and grammar and spelling mistakes give a very unprofessional impression about this project. I don't want to hate, but we shouldn't promote risky projects with fake positive ratings.

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John K.30 march 2018, 00:15

I've seen that there were some positive ratings and reviews published here and I decided to write my own also as they seem to be done by the team or simply project supporters. P2P lending platform is a good idea, but I doubt DecentraLend is the best choice for such project. I mean, there are a lot of different and much better ICO projects that offer such service. This one has basically no proper team, no technical knowledge, no whitepapers. It's just too risky and could easily turn out to be a scam, however they may also simply deliver what they promise, but it's unlikely it will suceed if they don't improve.

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John K.29 march 2018, 20:30

I've seen that there were some positive ratings and reviews published here and I decided to write my own also as they seem to be done by the team or simply project supporters. P2P lending platform is a good idea, but I doubt DecentraLend is the best choice for such project. I mean, there are a lot of different and much better ICO projects that offer such service. This one has basically no proper team, no technical knowledge, no whitepapers. It's just too risky and could easily turn out to be a scam, however they may also simply deliver what they promise, but it's unlikely it will suceed if they don't improve.

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Smart Investor28 march 2018, 11:34

The sole idea of the project may seem to be very interesting. However, by taking only a brief look at the site and information provided by the developers, as well as the sole team, a smart investor would immiediatelly spot that this is not a reliable project. I mean, maybe they will be able to deliver the technology, but the team consists of actually only one programmer and his experience doesn't suggest that he knows how to develop blockchain based platforms. Also the design of the site is very poorly done, the texts are written in bad english and have a lot of grammar mistakes and the whitepapers lack any valuable information.

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mailtoamir6024 march 2018, 22:35

i check all the site carefully and search on this ico so far its best to invest on it, i make deposit and withdraw it was quick and very low fee. and the best thing its only 3 million tokens, waiting for the pre-ico sale.

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madubueze.a24 march 2018, 20:57

wow peer to peer lending that is nice, giving lending power back to the community and let the community determine their lending interest rate hmmm no more lendng to the admin for 1 year very nice and great idea.

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decentralend24 march 2018, 19:54

wow no more admin holding user's fund in the name of Lending, great idea love this idea let go peer to peer(Decentralend) and not centralend and let individuals determine their Lending interest Rate that is cool too. am ready to participate.

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