Start In

  • Start Date
  • Price
  • Status
  • Coins Offered
  • Sale Website
  • 29 Oct 2018
  • 1 LBt = 0.001 ETH
  • Upcoming
  • 75,000,000 LBt
  • LendsBay

The LendsBay system creates a new approach to loans between people, solving the problems such as: No formal loan records: disputes arise about repayment dates, terms and conditions; no reminders are sent; No contract: there is no mechanism for judicial enforcement of debt repayment; No market-based mechanism for determining interest rates: the market is either larger or smaller than its potential; No tools for risk management: no credit rating, diversification, insurance. ⠀ ⠀ We offer the following step-by-step solution to the above-mentioned problems: Creating an app to manage loans between relatives, friends and acquaintances: the app is used to find a lender and then to record, document and administer (e.g. send out reminders) the loan; Creating social groups (so-called bays) to pool financial resources through mutual lending, e.g. there are social groups centred around work, universities and social clubs that already have a certain level of trust, common values and a high degree of social control, not to mention little tolerance for irresponsible behaviour; Creating a blockchain to store individuals' credit-rating information (LBR); Using the blockchain for any financial transactions between individuals (non-credit assessment) (LBU); Developing the elements of an ecosystem for financial relations: mutual insurance; purchasing, selling or leasing items; and decision-making systems. ⠀ LendsBay team have already developed a functional and ready-to-use alpha version of the application.

Tags
ICO Details
Status Token Platform Public Portfolio
Upcoming Ethereum N/A
Token Reserve Split Token percentage for investors Total tokens supply
N/A 75% 100,000,000 LBt
Start Date End Date Token supply post sale
18 Sep 2018 29 Oct 2018 N/A
Start price Funding target Funding cap
1 LBt = 0.001 ETH 250,000 USD 1,500,000 USD
Average price Funds raised list Funds raised USD
N/A N/A N/A
Payment method Features Security Audit
ETH, BTC N/A N/A
Legal Form Jurisdiction Legal Advisers
N/A N/A N/A
Sale Website Blog White paper
Go to Website See Blog Visit White Paper
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ALEXANDER KOPTELOV

Founder, CEO

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ANTON GAZIZOV

Founder, CFO/IR

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ANDREY CHEREMKHIN

Founder, COO

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LYUDMILA LUKASHOVA

Founder, СRO

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VLADIMIR GORBUNOV

IT

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DARIA BATAMIROVA

Marketing strategy

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MURAT YENIKEYEV

Risk adviser

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KRISTINA SHILOVA

SMM

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ANGELICA PHILLIPS

UK Market




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