Helio lending $cyio www.heliolending.com provides crypto currency backed loans and is the first publicly traded crypto lender
In May otc traded company $cyio acquired crypto lending platform Helio lending making them the first ever publicly traded crypto lender prior to this acquisition from dec-Jan $cyio ran from .024 to .84 on speculation of the merger between $cyio and helio.
we are 4 months into the acquisition and $cyio is currently sitting at a share price of .1645 with a market cap about 16 million with only 109million outstanding shares 67mil is owned by investor/insider leaving a very small public float
currently all other crypto lenders are traded as Tokens and have market caps in the billions examples: Celsius/Ethland
Helio can lend up to 70% of the amount of crypto security provided its very pleasing to many because most don’t want to sell there crypto holdings such as Bitcoin and eth for many reasons 2 being that selling your coins will be a taxable event on top of many want to hold but
Currently 100million on hand to loan at anytime
The cool thing about a crypto loan is there is no credit check there is no proof of employment you just need the crypto asset in your wallet as well as the loan can be used for anything where as normal loans can only be used for specific things like car loans or house this money is your to do what you want
Recently helio lending partnered with Propy The world leading end-to-end real estate transaction platform They are backed by Venture Capitalist Tim Daper and Michael Arrington after partnership with propy they helio and propy launched the worlds first ever real estate nft by selling a house on the block chain then a crypto mortage using the real estate asset as collateral. They made history
Helio currently just released q2 financials this is the first q where Helios numbers will be reflected in $cyio financials since merger they didn’t show much since it was only a few months since they have been merged but we did get an increase in revenue from $9k to $220k q3 fins will have a better outlook they are currently working on a name change
I’m chasing market cap at this point Helio today announced that they were launching a crypto trading platform for trades/nfts/loans this rolls out in November on Android and App Store! $Cyio is insanely undervalued at this market cap of 16mil considering they can write loans up to 100mil and have been stated as a key player in this industry
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