Our P2P lending and borrowing platform that utilizes NFTs as
collateral. Our platform is designed to make the process of
lending and borrowing money easy and accessible for everyone.
Our platform allows users to lend or borrow money to and from
other users using NFTs as collateral. This means that users can
use their NFTs to secure a loan or lend money to others while
keeping their NFTs safe.
Here's how it works:
1.Users who want to borrow money will need to first deposit their
NFTs as collateral. This can be done by connecting their digital
wallet to our platform and depositing the NFTs. 2.Once the NFTs
are deposited, borrowers can apply for a loan by specifying the
amount they want to borrow and the terms of the loan. This will be
visible to all the lenders on the platform.3.Lenders can then
review the loan applications and choose which ones they want to
fund. Once the loan is funded, the borrower will receive the money
and the lender will receive the interest on the loan.
4.The NFTs will remain in the borrower's digital wallet as
collateral until the loan is repaid. Once the loan is repaid, the
NFTs will be returned to the borrower.
5.Users can also lend money to others on our platform. To do this,
they will need to deposit their NFTs as collateral and specify the
terms of the loan. Other users can then borrow money from them.
Our platform is built on blockchain technology, which ensures that
all transactions are secure and transparent. We also have a
built-in system for dispute resolution to ensure that all parties
are protected in the event of any issues.