ARTEM: A CRYPTO INNOVATION FOR ASSETS LENDING IN THE FINANCIAL MARKET
INTRODUCTION
This project on the blockchain simply focuses on lending of cryptocurrencies to borrowers in the market. It is also a DeFi platform with a unique style of operating and carry all the users along with the services it provides. On its own, it forms the crypto lending market that functions on the blockchain, providing lot of opportunities to the crypto users and making sure they get rewards. In this ecosystem, all cryptocurrencies will be supported including ETH and USDT, giving users so many opportunities as they all contribute and become a participant in this platform.
ARTEM's LENDING OPERATION
This platform is based on the Ethereum public chain, making use of smart contracts and exhibiting unique characteristics that makes it so different from other existing platforms.
This platform offers a public interest rate model that is unique to itself alone. All users have this as an additional feature which improves the model and make the possibilities extended.
Users have a high privacy level in this platform and can claim anonymity for any operation they perform on the platform. Loan will be given instantly and trades will be done free of contract. Through the help of the blockchain, encrypted loans and assets would be managed by Artem, this will also be the case for the interest rate and all other transactions. Doing this will eliminate all forms of risks and enable users to borrow funds without financial restrictions or problems that can arise from intermediaries in the chain of the operation. This project however will be based on trust, constantly eliminating factors that can be a major challenge to the process.
THE FEATURES OF ARTEM.
Artem is fully decentralized and is established by the Artem foundation which is an organization in the offline world, providing shared services to citizenz and operating their own unique system.
This platform will make stakeholders contribute to it through decision making without the need to trust anyone as the project aim is being followed. This platform however releases the Artem Token, a currency which would serve the platform to all the users. This token will be useful for both the borrowers and lenders in the system both in liquidity mining aspect and in making contributions. Lenders will receive this token and lease to borrowers while those who seek to contribute will make their contributions in form of this token. Moreso, this token will function in the aspects of voting, making smart contracts useful and fulfilling other rights in the community.
CONCLUSION
This platform will help guide users to protect their private property right by making the holders of ARTT able to trade it on Ethereum, transfer to other as they wish without any risk involved. Even though the blockchain is full of so many potential risks, using ACALM services will eliminate all those potential risks and guarantee the perfection of the services through smart contracts and the codes connected to the contracts. Lastly, this platform will ensure the proper use of smart contracts, making sure the entire team and users is secured and creating no room for hackers.
USEFUL LINKS
Website: https://artem.finance/
Twitter: https://twitter.com/Artem_Protocol
Telegram: https://t.me/ArtemProtocol
AUTHOR'S DETAILS
Bitcointalk Username: Goldada
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659339
P. O. A: https://bitcointalk.org/index.php?topic=5291124.msg55847501#msg55847501