Innovative technologies such as cryptocurrencies and the Blockchain were invented about ten years ago. Many experts believe that the Bitcoin, which is the oldest and most popular cryptocurrency, can become a true legal tender recognized by the laws and accepted in all parts of the world. On the other hand, the Blockchain is regarded as a revolutionary technology that can be used in all types of industries such as finance, healthcare, data management, IT, Space agencies, Smart Contracts, and Dapps, among others.
There are over 5,000 cryptocurrencies on the market. However, only a small percentage offers real value. Many of the coins or tokens exist only for a short time and become obsolete for reasons such as failure to develop the project, an exit scam occurred, or the investors were too few. Also, market conditions have a significant impact on the success of cryptocurrency projects. The well-known FOMO and FUD form an intrinsic part of the market that influences the success of such projects.
The Alendoo project already has active products. We have been referred to as a “crypto bank” that offers services similar to the traditional banks. However, our operations are based on only cryptocurrencies at the moment. Alendoo customers can take loans with the leverage of their crypto. Customers can also lend crypto and gain fair interests in return. In addition, customers who decide to hold crypto in Alendoo wallets are rewarded with 12% APR interests, at a value higher than what is offered by regular banks.
Our team is impressed by the level of customer satisfaction regarding the Alendoo project, and we plan to extend our offer to become more competitive in the market. To accomplish this goal, Alendoo has decided to launch an Initial Coin Offering (ICO) of their token – Alendoo Token (XAL). The company plans to raise funds to launch a Near Field Communication (NFC) payment application which will be based on cryptocurrencies. Currently, Alendoo Loans are paid out in USDT only, with the aim of giving customers access to a commonly used currency. The company remains committed to offering the benefits of anonymity; hence the traditional Debit or Prepaid Cards cannot be issued because the process will require KYC and AML procedures. Our team found the best solution for the NFC payment project that does not require any card to be connected while it functions. There will be a daily limitation due to standard AML regulations, but the anonymity of our customers will be protected.