Binance
The Global Leading Digital Asset Exchange
Start Trading
BTC $ 8,054.79 1.29%
ETH $ 260.81 3.54%
MARKET CAP $ 252 bln 1.1%
ICOs 5,469

LendsBay

ICO Ended
8,534 Views
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.
9.5
TOTAL SCORE
9.6
ICO PROFILE

(weight: 45%)

9
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

Get widget
General
Website: Visit
White paper: Read
Bounty: Bounty
Pre-sale Time: 18 June 2018 - 29 July 2018
ICO Time: 18 Sept 2018 - 29 Oct 2018
Country: Russia
Token info
Ticker: LBT
Platform: Ethereum
Token Type: ERC20
Available for sale: 75,000,000 LBT (75%)
Total supply: 100,000,000 LBT
Financial
ICO Price: 1 LBt = 0.0006 ETH
Accepting: ETH, BTC
Soft cap: 250,000 USD
Hard cap: 1,500,000 USD
Bonuses: Up to 50%
2016-2017
Createding a web prototype.

Market research.

UX testing.

Builtding a financial model.

Developed the server and user part of the application.
JUNE 2018
Conducting a pre-ICO.
JULY 2018
Release of the beta version of the app for Android/iOS.

Developing the legal component (loan agreements, lawsuits, debt collectors).

Establishing ratings and pricing mechanisms.
SEPTEMBER 2018
Carrying out an ICO.

Converting tokens, connecting to the app.

Adaptation for Telegram.

Connecting to a credit bureau.

Connecting to telecoms/online credit history providers.

Entry into the UK and US markets.
MARCH 2019
Creating social groups: Co-workers/University.

Linking to a payment system.

Implementing the social ratings system (proximity rating).

Implementing the behavioural ratings system.

Creating an API.

Entering developing markets.
SEPTEMBER 2019
Implementing the blockchain ratings system (LBR): distributed accounting and storage of ratings data.

Constructing a ratings model based on multiplicity of data.

Providing the suppliers of goods and services with secure access to the ratings system data to create their own ratings.

Granting financial organisations secure access to ratings data.
FEBRUARY 2020
Creating a universal rating for economic relations (LBU).

Creating various ecosystem elements.

Building a consolidated ecosystem of transparent relationships.
Screenshots taken 22 Jul 2018
Alexander Koptelov
Founder, CEO
Anton Gazizov
Founder, CFO/IR
Andrey Cheremkhin
Founder, COO
Lyudmila Lukashova
Founder, Risk
Vladimir Gorbunov
IT
Daria Batamirova
Marketing strategy
Kristina Shilova
SMM
Angelica Phillips
UK Market

Advisors (4)

Murat Yenikeyev
Risk adviser
Alexey Khaliullin
Advisor
Andrey Lukashevich
Advisor
Evgeny Kaplin
Advisor
HEIGHT - 0px
WIDTH - 0px
PUT THIS CODE TO YOUR WEBSITE
ICO List
Other Interesting ICOs
Active
Volum
VOLUM maximizes investment value and stability through its holding company structure. VOLUM invests in portfolio companies that currently possess, or have the ability to easily create, long-term asset value. This offers VOLUM investors diversification across multiple companies and industries. This platform is completely revolutionary and gives companies greater organizational and oversight capabilities than they have ever had before. With the VOLUM blockchain platform, companies can Track, Route, Identify, and Source, all the data activity that happens on their supply chains. All of the data will be locked into the PLATFORM which can be trusted and verified at any point during operations. The end result of using the VOLUM platform is that companies will have the power to scale from local to global markets much faster, and they will have much greater control of their supply chains. This is good for everyone. Our blockchain platform operates as the one central location for your business supply chain operation. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments Rewards Purchase Orders Legal Contracts Regulatory Compliance Taxation Shipment Management Letters of Origin Customs Documents Inputs/Outputs and Inventory Ordering Delivery/Parcel Tracking IoT Monitoring and Reporting Big Data Analytics Inputs and End-Product Tracking/Traceability
Active
Bither Platform
Bither Platform is a three-layer network that is capable of running smart contracts and different projects on all three layers. In this network, miners are allowed to mine on any layer and any project that they prefer without any obligation on staying on one network. In addition, Bither platform has a solution for the energy consumption on PoW mechanism in which miners' excess computing power is going to be used on valuable computations such as scientific researches and universities in need of computing power. Masternodes control this process and help to keep the network secure while running smoothly.
Active
Blueshare
BLUESHARE SECURITY TOKENS (BST) are the tokenized equity capital participation shares of INTERPROM Mining AG - a Swiss-based consolidated company which is among the first businesses in the world to offer its traditional equity capital participation shares on the Ethereum blockchain, offering capital appreciation and dividends, mobility, security, and liquidity to all stakeholders.
Upcoming
Game Fanz
Game Fanz is A Glorious Platform for Gamers in the World. Game Fanz has set a target to participate in the revolution of the gaming industry by providing gamers with more thrills and excitement. To make sure that the development of the games meets the specified timeline. Game Fanz is issuing GFN utility tokens. The tokens are ERC20 based upon Ethereum Blockchain.
Active
BitCanna
BitCanna will provide a decentralized payment network, Supply chain and Trust network for the legal cannabis industry. Our confirmed partnerships have millions of customers that have immediate access to the product! This means that you can use BitCanna to pay at hundreds of (online) stores starting in 2019. Developed for the industry by the industry, BitCanna will enable easy instant payments. BitCanna will be accepted by all major players in the cannabis industry. In the future, the BitCanna platform will be used as a supply chain solution to enhance product safety, giving you more information about where your product is actually coming from. Finally, in addition to the transparent supply chain the BitCanna ID solution will also offer trust and review options. BitCanna has been created to solve the current problems facing the cannabis industry. It is an initiative formed from a strategic alliance of leaders in the European cannabis industry, hereby called the Bitcanna Alliance. This network contains the most prominent seed banks and cannabis dispensary firms in Europe, serving more than 10.000.000 unique visitors every month. With their shared interest they are committed to providing the best solution to address these challenges, and with their combined expertise they are capable of doing so.
Active
Exclusive Platform
The options available for blockchain project teams seeking to have tasks accomplished is inefficient. What if we could have a platform where developers can ultimately deploy an instant bounty/referral bot without coding, bulk distribute reward and perform other time consuming and tedious tasks without worrying about technical and funds required to do that? Anyone can start a project and build the community right through the platform and ultimately focus on product development which will lead to timely delivery of the mandate required. Our platform is being developed to take care of these and beyond. We also provide an escrow services which will ensure a safe and confident trade between buyers and sellers.