All the things you wanted to know about Bitcoin and the other cryptocurrencies

Lendcoin: cryptocurrency’s first collateral & anti-theft coin

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LendCoin is a cryptocurrency that has been developed to be used as collateral for BTCLend’s Peer to Peer BTC lending and also to be used as currency at all participating merchants. LendCoin enables merchants to sell products and use BTCLend’s Buy Now Pay Later API. This API, which is Woocommerce ready, allows merchants to receive immediate payment while allowing customers to pay up to 6 months after purchase. LendCoin also allows its users to take loans for up to 75% of their coins value. BTCLend has a 100% track record of getting all of the collateral loans funded within a couple of days.

LendCoin is powered by Proof of Stale, and stakes at various rates depending on how many coins are held in your wallet. Wallets of up to 20,000 LNC will stake at 5% per year, from 20,001 to 50,000 will stake at 15% per year and wallets with over 50,000 coins will stake at a 25% rate.

LendCoin goes hand in hand with CIMS (Coin Identity Management Server). New coins with new features come out every day, but so far, no coin has dealt with the risk of coin theft and recovery. To mitigate theft that has become an everyday occurrence to most cryptocurrency now days, LendCoin features the first identity management integration that requires that each wallet registers with a coin identity management server. Once the wallet registers its owner’s identity, it will work as any other QT wallet in the market. In the event of theft, Identity Management Server administrators will be able to identify the owner of the coins traced.

CIMS then provides LendCoin accountability and security by activating wallets to only identity verified users. CIMS Server is available for established trusted businesses that wish to secure and manage its customer’s identities. CIMS adds LendCoin additional security, antitheft features, and Anti Money Laundry compliance and reporting.

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