Decentralized: InterPrice is built on the Ethereum blockchain, which ensures that it is decentralized, secure, and transparent. The platform uses smart contracts to automate lending and NFT transactions, eliminating the need for intermediaries and reducing the risk of fraud or errors. InterPrice smart contracts are audited by third-party security firms to ensure that they are secure and free of vulnerabilities. 

Lending Services: Small businesses can apply for loans on InterPrice, which are funded by investors who earn interest on their investment. The loan terms are flexible and can be customized to meet the specific needs of each business. InterPrice uses a credit scoring system based on the business’s financial history and other relevant factors to determine the loan eligibility and interest rate. InterPrice also offers a decentralized credit rating system, which uses blockchain data to evaluate the creditworthiness of borrowers. 

Pawnshop for NFTs: InterPrice also serves as a pawnshop for NFTs, allowing individuals to borrow money against their digital assets. The NFTs are stored in secure wallets, and the value of the loan is based on the NFT’s current market value. InterPrice uses advanced valuation methods to assess the value of NFTs, including price feeds from multiple sources and data analytics. If the borrower fails to repay the loan, the NFT is liquidated, and the lender receives their investment plus interest. 

Efficient and Low Transaction Fees: InterPrice uses a fast and cost-effective blockchain, enabling quick processing times and low transaction fees. The platform aims to make lending and NFT transactions accessible to everyone, regardless of their location or financial status. InterPrice uses Layer 2 scaling solutions such as Optimism to improve transaction speed and reduce gas fees. 

InterPrice Token (IRP): The InterPrice Token (IRP) is an ERC-20 token that is used for transactions on the InterPrice platform. IPT is used as collateral for loans, and lenders can earn interest on their investment in IPT. IPT is also used as a governance token, giving token holders the right to vote on proposals for platform upgrades and changes. The total supply of IPT is capped at 100 million, with 30% allocated for the InterPrice team, 40% for public sale, and 30% for liquidity provision. 

InterPrice is built on the Ethereum blockchain and uses smart contracts to automate lending and NFT transactions. The smart contracts are written in Solidity, a programming language specific to Ethereum smart contracts. InterPrice smart contracts are audited by third-party security firms to ensure that they are secure and free of vulnerabilities. 

InterPrice uses a decentralized oracle system to access real-time price data for NFTs. The oracle system obtains data from multiple sources, including NFT marketplaces, price feeds, and other blockchain data sources. The oracle system uses a consensus mechanism to ensure that the price data is accurate and up-to-date. 

InterPrice also uses a decentralized identity system to verify the identity of borrowers and lenders. The identity system uses a combination of blockchain data and off-chain data to verify the identity of users. This system ensures that only authorized users can access the platform, reducing the risk of fraud and hacking. 

InterPrice leverages Layer 2 scaling solutions such as Optimism to improve transaction speed and reduce gas fees. Optimism is a Layer 2 scaling solution that uses optimistic rollups to improve scalability and reduce transaction fees. With Optimism, InterPrice can process transactions more quickly and cost-effectively, making the platform accessible to more users.