Alendoo’s main mission is to keep their customers anonymity. It was necessary for the company to ‘think outside the box’ to fulfil its existing promises to customers and find a way to extend their offering by adding Loans paid out in FIATs. An innovative solution has been selected for this issue. Alendoo decided to design an NFC mobile application that will function without the need to register a debit or credit card. The company found a partner who will act as an intermediary for transactions between Alendoo and the customer’s balance.
The design of an NFC application and creating the right infrastructure for the entire process will require large funding. Alendoo cannot handle this project independently, hence the search for a potential investor. The company has made plans to launch an Initial Coin Offering for their token- the Alendoo coin (XAL). XAL will serve essential complex purposes due to its properties as utility coin.
The following are some uses of the Alendoo Coin:
- Discounted Loan interests - the collateral made in XAL will be presented with a 50% discount to APR.
- Revenue share - 20% of the revenue generated by Alendoo will be shared among all users holding XAL on the Alendoo platform. The revenue will be paid once a month in Alendoo Currency.
- Increased Lending interests - every Lending made in XAL will be rewarded with a 10% bonus to the standard interests.
- Extras - Alendoo has established a cooperative agreement with many crypto related companies, and there is a plan to offer extras to their customers, for example, a discount to some products, etc.