WolfShare
(WFT)
Decentralized P2P Lending Exchange with Token Collaterals
WolfShare is the next-generation incentivised lending service that utilizes the token based ecosystem by Ethereum.
How it Works
WolfShare is a decentralized P2P lending network that uses tokens as collateral. It is a market place of offers for lending and borrowing using Wolf Tokens as a collateral. The borrower must place his Wolf Tokens 'on stake' with his loan which can then be taken off exchange. This means the limitations of exchange based lending such as Poloniex is no longer imposed. A borrower can use this to invest in buying a house and setting a mortgage contract on-chain. On-chain P2P lending utilizing the Ethereum ecosystem allows smart contracts and nLT (n lock time) variables to be governed by the Blockchain. A borrower cannot default on a loan as the Wolf Tokens will be liquidated and given to the Lender.
Escrow Free
There is no longer a need for a third party/escrow to intervene during a loan transaction as there is less risk defaulting on a loan.
The Incentive
All parties of a successful loan will be paid out 0.001 Wolf for each Bitcoin staked (and when t (time) = 1 month). Although this gives a risk for botting, the botters run the risk of accepting a loan they didn't really want to accept in the first place. Wash lending cannot be achieved on-chain due to a max specification in nLT. This also means there is more loaning capacity (more simultaneous loans).
Secure
WolfShare is a decentralized market-place for lending that is secure by the Ethereum network and backed by Wolf Tokens.
Wolf Tokens
There are 15,000,000 Wolf Tokens in existence where 80% (12,000,000) will be distributed in the Initial Coin Offering and the other 20% will be given out as rewards for loaning and payouts.
Initial Coin Offering
The Initial Coin Offering is open from September 6 (1 AM GMT) until October 7 (1 AM GMT)
For every Ethereum invested, 10,000 WFT (Wolf Tokens) will be sent to your address.
This places a hard cap at 1,200 Ethereum. Ethereum that is sent after this limit is reached will be sent back.
0xB3dEa8e2053dD490E61c4Aa166a8D1dEbf9A85cD
90% of the funds raised will go towards the development, planning, and marketing of this product. The other 10% will act as float funds.
