LoanCoin is the first fully on-blockchain lending network project using a crypto currency, working has an “equity” which represents the holder investment. LoanCoin, introduces the decentralized banking of the future.
LoanCoin is set to be polymorphic digital token. It will serve as an in-network currency that will be used to pay transaction fees to loan officers and as a surety bond to ensure loan officer honesty.LoanCoin_article_1_Bitcoinist From the coinholders perspective, it will be an asset-backed, income-producing store of value similar to a high yielding savings account. The team expects LoanCoin to be fairly stable relative to other cryptocurrencies, with the value of the network’s outstanding loans providing a valuation floor, and LoanCoin to appreciate via the reinvestment of interest and principal repayments.