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New York, NY, Nov. 18, 2022 (GLOBE NEWSWIRE) — What is Bitlend?
BitLend is a new lending and borrowing protocol native to the BitTorrent chain. It has gained the attention of crypto experts, influencers and communities, and continues to do so due to its remarkable features and qualities. Bitlend is more than your average DeFi application and offers more opportunities for growth.
Bitlend unites the most powerful aspects of respected DeFi protocols and stands for the ecosystem’s strongest values. Besides implementing credibility, security, affordability and transparency, it expands financial freedom for its users.
Bitlend is eager to foster innovation. Not only will it be the first lending and borrowing protocol to launch on BTTC – it will support multiple coins and feature its own governance token that will incorporate the ve-mechanism. Ve tokenomics will provide BitLend with economic strength and project longevity, rewarding our dedicated community members.
Regardless of background and experience, our members will be able to significantly boost their capacities and achieve higher goals. Bitlend is focused on building a friendly and supportive community, developing a better understanding of DeFi and creating a unique team spirit.
Why Did We Choose BitTorrent?
BitTorrent was originally invented as a decentralized file-sharing service and its network gradually reached an outstanding scale of 90 million active users. In late 2021, BitTorrent announced a coin swap and the launch of BTTC. The decision to transition to a smart-contract platform made BitTorrent the largest network in the crypto ecosystem.
Inspired and determined, the Bitlend team decided to launch on BTTC due to various opportunities it presented. First, the features of BTTC are something that everyone needs: extremely fast block confirmation times, high scalability, and transaction fees that average less than $.01. Indeed, the fast speed and affordability of BTTC is an easy solution…
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