Tripio TRIO to Aave LEND Exchange

Crypto Pair Details: TRIO to LEND

Tripio TRIO

Tripio is the first travel marketplace based on the blockchain. It leverages the decentralized network provided by blockchain technologies to directly connect global customers and service providers. Moreover, it builds a service ecosystem based on transparent, tamper-resistant trust and incentives. The blockchain technologies Tripio leverages help reduce transactional and operational costs in travel industries, as well as improve customer experience in their respective products and services. On the Tripio platform, a service provider can publish her unique service terms and conditions using smart contracts. From the moment a purchase initiates to the end of the travel, every step along the way can be enforced and monitored by smart contracts. Should disputes arise, Tripio provides dispute resolution by means of community selfgovernment mechanisms. Tripio comprises of its dApps and a set of Tripio Protocols that forms the basis of the new ecosystem. The Tripio dApp and the Tripio Protocals are powered by the ERC-20 utility token called the TRIO token. Customers may use Tripio dApps directly. At the same, any third-party may build its own dApp by leveraging the open Ethereum protocols.

Aave LEND

Aave is a decentralized lending platform that runs on Ethereum Network which offers secure, peer-to-peer lending Smart Contracts. Aave strives to break through the traditional bank loans system with a more efficient solution. Aave also uniquely allows a borrower and a lender to decide on important loan details that can eliminate the need of a middle man. Due to the elimination of middlemen, process fee for a loan does not exist on this platform. This provide convenience to any lender and borrower to create loans on their agreed terms. Decentralized lending has fixed many issues and one of the reasons why is the transparency of loan. The Ethereum network provides a transparent ledger where all transactions are available to be inspected. Secondly, it isn’t necessary to find a trusted loan provider because all collateral which is the digital asset for loans are stored and locked in a smart contract and broadcasted on the public ethereum blockchain. It is also flexible for borrower to manage the collateral by refilling or withdrawing part of it. Borrower may make such changes when the lender is notified and aware of such movement. If the lender finds out that the action is not communicated, the lender is allowed to initiate a margin call. This year, Aave has made a major upgrades in its Q1 2018. They have deployed the new development for their peer-to-peer lending application named Alpha 0.3. The development process of Alpha 0.3 has started since the early of 2017. The new release also includes a completely new user interface which targets to lower the learning curve of user experience on the app. Furthermore, the new user interface has new sections to make lending process simpler such as including a ‘My Loan’ section, collectible badges and more. Other than that, the team is also in the process of developing more updates for the smart contracts. Hence, the team has decided to provide zero-fee lending with the use of LEND token as a medium of exchange, as an alternative to borrowing in Ethereum. The purpose of this is to provide a cross-blockchain lending currency which will prompt users to use LEND as the medium of exchange.

SOURCE: COINGECKO

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