Cobalt Lend is finally happening! ICO on Halloween 2020

[Cobalt Lend]

The Cobalt lend platform is launching its ICO on October 31, 2020 (Halloween) and it will run for 30 Days. We are community based and powered lending protocol on the blockchain that enables community members to obtain micro loans from the treasury approved by community vote. Please see the Cobaltlend.com website for complete details. We plan on removing the banks and their authoritarian control and fees from the lending process one community at a time. Come be part of the revolution, all you need is an ERC20 wallet.

Brief description of project:


Cobalt – A new way to borrow!
The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank, completely governed by the community and therefor the community directly profits from its’ involvement. The current credit system is fundamentally flawed and the Cobalt platform corrects this by facilitating a community voted and approved lending program on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it.

The ecosystem works by allowing borrows to obtain loans from the treasury only if approved by community vote.

Both the buyer and staker /validator benefit from this model of decentralized lending because of less friction, lower fees and lower over head while reducing wait time for loans.

The model is a completely is a completely trust-less protocol with no central authority in charge.

Nor is there any one central body who can unfairly manipulate the terms of lending, as the community has complete control at all times and can fund or deny any project they deem worthy.

How we plan to incentivize the community

Borrowers are incentivized by receiving free Cobalt (CBLT) Tokens for borrowing, stakers will be compensated in two ways:
First by verifying blocks / transaction on the blockchain, therefor receiving transaction fees that will be split with the treasury
(And a small portion burned).

Second, stakers will receive dividends paid out in Cobalt (CBLT) Tokens periodically by the treasury based on the positive tracked performance of the projects funded by the community through the treasury.

The treasury will also conduct periodic buy backs of the Cobalt (CBLT) Token as well, this along with the coin burn occurring routinely on the protocol will contribute greatly to the deflationary model and therefor increasing the overall value for investors / wallet holders.

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[kahnu123]

Cobalt Lend
@CobaltLend
Cobalt – A new way to borrow!
Changing the world through blockchain
The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank.

[Naveedgondal]

@cobaltlend is a very promising project with excellent team. I think with such a strong team everything will turn out to be so great. The project will be growing faster in coming days and its team is working very hard on this project so that this project is going to give us a very good profit in future. Strong team and an ambitious project,carefully watched,would recommend my colleague to look at this startup,very interesting prospects, one needs to be a part of it.

[andrewskmr]

The Cobalt lend platform is launching its ICO on October 31, 2020 (Halloween) and it will run for 30 Days. We are community based and powered lending protocol on the blockchain that enables community members to obtain micro loans from the treasury approved by community vote. Please see the Cobaltlend.com website for complete details. We plan on removing the banks and their authoritarian control and fees from the lending process one community at a time. Come be part of the revolution, all you need is an ERC20 wallet.

Brief description of project:


Cobalt – A new way to borrow!
The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank, completely governed by the community and therefor the community directly profits from its’ involvement. The current credit system is fundamentally flawed and the Cobalt platform corrects this by facilitating a community voted and approved lending program on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it.

The ecosystem works by allowing borrows to obtain loans from the treasury only if approved by community vote.

Both the buyer and staker /validator benefit from this model of decentralized lending because of less friction, lower fees and lower over head while reducing wait time for loans.

The model is a completely is a completely trust-less protocol with no central authority in charge.

Nor is there any one central body who can unfairly manipulate the terms of lending, as the community has complete control at all times and can fund or deny any project they deem worthy.

How we plan to incentivize the community

Borrowers are incentivized by receiving free Cobalt (CBLT) Tokens for borrowing, stakers will be compensated in two ways:
First by verifying blocks / transaction on the blockchain, therefor receiving transaction fees that will be split with the treasury
(And a small portion burned).

Second, stakers will receive dividends paid out in Cobalt (CBLT) Tokens periodically by the treasury based on the positive tracked performance of the projects funded by the community through the treasury.

The treasury will also conduct periodic buy backs of the Cobalt (CBLT) Token as well, this along with the coin burn occurring routinely on the protocol will contribute greatly to the deflationary model and therefor increasing the overall value for investors / wallet holders.

[aparnaprasad123]

Cobalt – A new way to borrow!
The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank, completely governed by the community and therefor the community directly profits from its’ involvement. The current credit system is fundamentally flawed and the Cobalt platform corrects this by facilitating a community voted and approved lending program on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it.

The ecosystem works by allowing borrows to obtain loans from the treasury only if approved by community vote.

Both the buyer and staker /validator benefit from this model of decentralized lending because of less friction, lower fees and lower over head while reducing wait time for loans.

The model is a completely is a completely trust-less protocol with no central authority in charge.

Nor is there any one central body who can unfairly manipulate the terms of lending, as the community has complete control at all times and can fund or deny any project they deem worthy.

[fishwafu]

Cobaltlend is conducting an airdrop giving away free money and its an awesome project heres some more info or you can visit them at https://cobaltlend.com  Their mission - We are here to serve the community! they said We got tired of seeing the people who could use capital the most, continually turned away for funding no matter how small and justified the loan. We aim to fix this by instituting a protocol on the blockchain that allows for community approved lending at minimal fees and low over head, with both the borrower and the community benefiting. Who we are - A group of frustrated individuals who were tired of the current broken credit system of the “the rich get richer” and decided to change it. The members of our team come from diverse backgrounds including academia and the military, spread out all over the globe. Cobalt Lend heavily preserves the mentality of a “Global Community” and continually works with DEV’s all over the world to bring to the community a better more reliable protocol. The Cobalt lend ideology is to rotate all team members  and employees, both permanent and sub-contractor(s) annually to always ensure  a “fresh and anonymous” protocol with the communities concerns’ as center focus. And What We Do
Blockchain Development
UI UX Design
Website Development
Marketing & Research
Social Media Development
eCommerce Store Development
Tech Support
Wallet To Wallet Support
Point Of Sale Terminal Integration
Implementation Of Virtual Card Within Crypto Wallets
Empowering Small Businesses Through Crypto-Currency Adoption Transacting And Lending.
So just visit their site, do some tasks and enjoy.

[Cobalt Lend]

thank you for being part of the community