01.01.1970 03:00

LendsBay

LBU

$0.476955

arrow_downward 0%

0.000072 BTC

Market Cap:

$35 771 625

Circulating Supply:

56 250 000 LBU

Max Supply:

75 000 000 LBU

About 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.

2.7

Our expert rating

ICO Profile 4.6
Team 2
Vision 3
Product 1

Start ICO

18.09.2018

End ICO

29.10.2018

Price

1 LBt = 0.001 ETH

Whitelist/KYC

kyc and whitelist

Platform

Ethereum

Accepting

ETH, BTC

Soft cap

250 000 USD

Hard cap

1 500 000 USD

Tokens For Sale

75 000 000

Sold Tokens

-

Distributed in ICO

75%

Raised

-

Add the Coin's Price on your site