ELIX is the next 100x coin

Wont you join user

I can do this all day, shill.

Said it before and I'll say it again. This thing doesn't facilitate trustless loans, there is nothing-NOTHING- stopping someone from taking a loan and high tailing it.

This coin has all the numbers going for it, but the actual product is garbage. Don't get suckered in like OP did. If you're holding bags, drop them and don't look back. Do yourself a favour and read the whitepaper while you're at it. There is nothing to stop someone from stealing from lenders. All the risk is on the lenders with no repercussions to thieves, and there will be thieves if this thing somehow takes off.

>But muh incentives
Hooray, you get a tiny percent of the loan's worth if you pay it back, or you could just steal the loan and make more.

>But muh collateral
What collateral? More crypto? If you're putting crypto in as collateral, the loan would have to be worth more than the collateral or else you wouldn't need a loan. Stealing would still be incentivized.

>Muh blockchain
Blockchains take the place of a trusted third party, having a blockchain for a loaning scheme serves no purpose other than to have a buzzword in the power point presentation. If you have a blockchain, you're supposed to have a product that can be used without trust between parties, and this is not the case here.

tl;dr
Thing isn't trustless, stealing from lenders is incentivized, hence it fails as a lending scheme.

Poo in it!

You must be new to crypto

Im. Down to my last 0.8 eth. Can this get me 5 or 6

Skys the limit user
Now boarding

Tell me how ELIX will deal with thieves.

DYOR faggot
Its all there
Massive profit for the wise
Massive FOMO for the haters

Dumb faggot, you'll have to be qualified to get a loan through ELIX just like you would a bank, dumb fucking idiot. Get a life

>Hurr durr I don't have a real answer

The wise will steal from those foolish enough to loan.