The Distributed Ledger Technology (DLT) is steadily rising to the crescendo as it continues to cause ripples in the world. After the successful marathon in placing cryptocurrencies as a medium of transaction in the digital space, it had since moved on to forge new use cases.
The recent is the application in another version of the financial ecosystem, which is the lending approach. We would look at the potentials of the technology in that regard and the feasibility of the ONIZ blockchain in driving the cause for a decentralized lending system, characterized by cryptocurrencies.
ONIZ Fund: The Funding Platform
ONIZ is passionate about promoting the usability of cryptocurrencies. That informed the reason why it created the ONIZ Fund that doubles as the lending platform for the ONIZ blockchain. Here, the primary participants (investors and borrowers) would converge to reach an agreement about the terms of the contract.
The core detail here is that transactions are facilitated using cryptocurrencies while the borrowers can use the sourced crypto funds to develop projects on the platform. It’s worth mentioning that the funds via the medium are for project developers that create Decentralized Applications (dApps).
Therefore, the essence of the fund is to help them complete the projects they have at hand. Also, project developers that have the ONIZ Token (ONZ) can use the same to create additional projects on the ONIZ blockchain.
The ONIZ Multi-Chain Wallet
The platform also has a built-in multi-chain wallet system that allows users to integrate cryptocurrencies into real life. Doubling as a crypto payment funding system, the wallet uses the advanced technology system to integrate crypto coins into real-world uses.
It’s interesting to note that it has another purpose. The purpose is to handle many real-life payments, including but not limited to the money game, sports betting, creating and funding projects, and adding money to an online casino.
Benefits for Users
The users or participants in the broader ONIZ ecosystem are in for many perks when using the ONIZ blockchain.
One of that is the empowerment of project developers to source and get crypto loans to complete their projects. The developers can also use the funds to create sub-projects.
Second, users can use the ONIZ Token (ONZ) to add money to their casino account. The casino in question is the one created through the partnership between ONIZ and Sbobet. The token is also usable in buying betting tips to get insights that would help them hit the jackpot.
Besides, the token can be used to make online payments. It is tenable because of the advanced technology system that facilitates the integration of crypto coins into real-world payments, including e-banking projects, sports betting, and money game. You can also have a seamless conversion of your crypto coin into the fiat equivalent through the system.
Final Words on ONIZ
ONIZ is the platform that promises to add more speed in charting the course for a decentralized economy. The fact that it hinged and revolved some of its features around real-world projects shows that it is passionate to boost the quest to integrate cryptocurrencies into the global payment system.
USEFUL LINKS
Website: https://oniz.co/
ANN Thread: https://bitcointalk.org/index.php?topic=5165733.msg51844051
Telegram group: https://t.me/Onizco
Telegram Channel: https://t.me/OnizCo1
Twitter: https://twitter.com/Onizco
AUTHOR'S DETAILS
Bitcointalk Username: Ebubuemma
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2568952