The way the site works is that each user can post the eBooks that they have available to lend out. These eBooks must be legally lendable on the Amazon Kindle or Barnes & Noble Nook ereaders. If someone is interested in a book, that person can message the owner of the ebook to borrow it. Users have the option of charging eBookDollars for the ability to borrow any of their books. eBookDollars are the official online currency for eBook Lending Library. eBookDollars are earned for various actions at the website including: referring others, writing book reviews, making posts, and more. Ebookdollars may be used to borrow books from others, or purchase merchandise from the website (coming soon).
The website which is currently in BETA mode has already received a large amount of interest from investors and readers of ebooks alike.