1. What is the Crypto Lending Project?
Crypto Lending is a decentralized peer-to-peer lending platform that uses Blockchain technology and cryptocurrency. We apply
Blockchain and A.I. technology in evaluating user credit through the characteristics of voting,
rewards mechanisms to help investors and borrowers approach each other in a clear, transparent
and secure way. The users’ creditworthiness and the investor's transaction history will be encrypted
by algorithm s ecurely and stored on our blockchain. This data is a prerequisite to enhance the
ability to evaluate borrowers and ensure the safety of investors. Crypto Lending helps people
around the world to use the money reasonably to make the life better.
The Crypto Lending project was developed in two main phases:h
- Phase 1: Releasing CLP token. Attracting angel investors by attractive returns of investment.
- Phase 2: Developing a decentralized peer to peer lending platform that apples blockchain and
A.I technology and uses Cryptocurrency as payment unit. To utilize all the advantages of Crypto
Currency project’s potential, we will build an extensive and detailed database. We will use CLP
tokens to develop the ecosystem of data through purchase and payment. Clients of Crypto Lending
in Phase 2 are individuals with funds who want to invest, contribute for helping the community
and have the financial need to serve themselves.
2. What is crypto lending coin (CLPCoin)?
CLP is an open source coin that is written on Blockchain and based on the ERC20 Standard of Ethereum - a prestigious platform
with flexible and powerful Smart Contract. CLP is characterized by a peer protocol with highly
personalization, fast transaction and safety storage. The supply of CLP is limited to 150 million
coins of which 58% CLP is used for offering, rewarding, and marketing, 26% CLP for partners,
individual providing / voting user credit data, 16% CLP for Team Development
3. Why we choose to release CLPCoin on Ethereum platform?
Ethereum is a decentralized, public, open source computing platform based on Blockchain technology. Smart Contract feature
(script) on Ethereum in order to facilitate online contract deals. Smart contracts are applications
that run exactly as they were programmed without downtime, uncensored, non- fraudulent, and without
third party interference. It allows developers to create markets, store debts or promise, transfer
money according to guidelines in the past (like a testament or a future contract) and many things
are still waiting to be invented. The is hardly any limits the the potential usage. Token (written
based on the ETH platform) is a digital asset that builds on the Ethereum blockchain platform.
They benefit by Ethreum's current infrastructure, instead of building a new blockchain flatform.
Using the GHOST protocol makes ETH transactions very fast. Ethereum's transaction fee is paid
by Gas, is an internal transaction price mechanism that is used to minimize spam and distribute
resources across the network.
4. What is ERC20 ?
1.ERC20 is a description of the standard functions that a token contract can perform in order
to enable the ERC20 tokens to interact between multiple interfaces and distributed applications
(Dapp) on the Ethereum platform. 2.The ERC20 standard is a set of criteria developed by the Ethereum
community for how to set up Smart Contracts on blockchain in order to ensure optimal interoperability.
ERC stands for Ethereum Request for Comments and ERC20 is to help improve the standards to which
developers should strive to adhere in developing smart tokens.
1. ERC20-compliant: Comply with ERC20 completely. 2. Partially-ERC20-compliant: Comply ERC20
partially (GNT only), the remaining functions are interacted externally. ERC20 CONTENT The ERC20
includes six functions and two events: 6 Functions: 1. Total Supply [Get the total amount of
tokens provided] 2. Balance Of (address _owner) constant returns (uint256 balance) [Get token
from another account with address _owner] 3. transfer (address _to, uint256 _value) returns (bool
success) [Send _ token to address _to] 4. transferFrom (address _from, address _to, uint256 _value)
returns (bool success) [Send _ token from address _ to address 5. approve (address _spender,
uint256 _value) returns (bool success) [Allow _spender to withdraw from your account, multiple
times, the amount. If this function is repeated then it will overwrite the current amount of
money_value. 6. allowance (address *_owner*, address *_spender*) constant returns (uint256 remaining)
[Returns the amount that the Spender can withdraw from _owner] Events: Transfer (address indexed
_from, address indexed _to, uint256 _value). [activated when the token is transferred] Approval
(address indexed _owner, address indexed _spender, uint256 _value) [ activated whenever licensed
(address _spender, uint256 _value) is called.]
5. How can you earn money?
Phase 1 of the project:
- Become an angel investor when we offer and reward CLPCoin in Phase 1 (2-3 years), you will
be one of the first people to have access to CLPCoin at early, low price.
Phase 2 of the project:
- Together, we build a database by evaluating our users’ credit worthiness and getting rewarded
by LCP coins. - Become a global lender and receive negotiated interest rates. -Develop the market
with us by joining our smart affiliate program.
6. What is Peer to Peer Lending?
P2P Lending is a peer to peer lending model that has been developed and exploded for decades. It helps people with financial
needs to access capital quickly and flexibly in both quantity and time. P2P Lending supports
investors to approach borrowers more easily without intermediaries like the banking system.
7. What is Blockchain technology?
A hierarchical database that stores information in information blocks interconnected by encryption and expands over time.
Each information block contains information about the created time and is linked to the previous
block, with a time code and transaction data. Blockchain is designed to resist the change of
data: Once the data has been accepted by the network, there is no way to change it. The first
Blockchain was invented and designed by Satoshi Nakamoto in 2008 and was realized in 2009 as
a core part of Bitcoin, the blockchain technology acts as a ledger for all transactions. By using
peer networks and a hierarchical data system, Bitcoin blockchain is automatically managed by
peer networks around the world. The invention of the Bitcoian blockchain made it the first digital
currency to solve the problem of doubling spending (cheated spending when an amount is used twice).
Bitcoin's technology has become a source of inspiration for a variety of other applications.
Blockchain technology is almost similar to a database, just different from interacting with a
database. To understand blockchain, it is important to grasp the following five definitions:
blockchain, decentralized consensus, trusted computing, smart contracts, and proof of work. This
computational model is the basis for the creation of distributed applications.
8. The role of Blockchain technology in Peer to Peer Lending?
Thanks to the birth and development during the past years, the P2P Lending industry will step into a new era with the introduction
of Crypto Lending. Decentralized peer lending platform applies Blockchain technology and Cryptocurrency.
One of the biggest risks that the lender has to face is that their money is not used for the
right purpose in a regular loan and peer to peer lending model. In a regular loan model, every
report requires a human mediator and can be completely forged for some purposes. With Smart Contract
in Blockchain technology, the lender's money is completely locked up and stored on a blockchain.
A lender will know if their money has been used or not. At the same time, when a borrower meets
the conditions that have been programmed on the Smart Contract, the lender's money is automatically
released. This is absolutely secure for the proper use of the lender's funds. One Of other risks
is that the borrower does not fulfill his repayment obligations. To minimize this risk, we will
use A.I. technology to evaluate user credit. Simultaneously applying the consensus character,
and the reward of Blockchain to pay to the community who evaluate users’ creditorthiness in a
more intelligent and effective way. In addition, in order to reduce the minimum risk to lenders,
Blockchain also does what traditional transactions cannot do so quickly, efficiently and at low
cost. It's a loan that will be provided by thousands of lenders. So that there will be thousands
of very small transactions to be processed, which only Blockchain technology can handle quickly
and at minimal cost. Example: When you borrow $ 1000, you will receive 1000 transactions with
value of $ 1 per transaction. When you pay interest, the interest is seperated into 1000 pieces
to pay to the lenders.
9. Why need to build a database of user credit?
To minimize the risk for the lender and find the right borrower who meets the loan conditions. To be able to know who is
eligible for a loan, excluding common way of credit data rating as the banking system is still
doing, we have added the A.I solution which aims to enhance the ability to evaluate and has flexible
in choice. And to work smarter day by day, A.I needs a large amount of data. That's why we build
user credit data. To create user data quickly, we will pay CLPCoin to the community who help
us provide this data.
10. How can I get free CLPCoin?
To receive free CLPCoin, you can join our Viral Marketing program during the launching phase and participate in building
a user credit database in Phase 2. This policy will be notified when we start Phase 2 development.
11. Where can I buy and sell CLP?
You can purchase CLPCoin on international exchanges or our internal trading exchange.
12. How can I borrow or make a loan?
Our loan policy will be informed in phases 2.