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LendsBay

Credit Ecosystem
9/18/2018 - 10/29/2018


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.

Start Date : 9/18/2018


Token
LBT
PreIcoPrice
1 LBt = 0.0007 ETH
Price
1 LBt = 0.001 ETH
Bonus
Available
MVP / Prototype
Available
Platform
Available
Accepting
Ethereum
Minimum Investment
ETH, BTC
Country
Russia
KYC / Whitelist
KYC & Whitelist
Restricted
USA, China



SOCIAL MEDIA



FINANCIALS


Softcap
250,000 USD
Hardcap
1,500,000 USD


About LendsBay

We are constantly borrowing money from our friends or lending money to them. While some people might do this once every few years, others are doing it every month or even every week.