Betmach
BTC $ 10,117.3 -1.92%
ETH $ 217.08 0.53%
MARKET CAP $ 280 bln -0.21%
ICOs 5,535

LendsBay

ICO Ended
9,759 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 июл 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
Pre-Sale
AhrvoDEEX
AhrvoDEEX is a peer-to-peer decentralized equity exchange that enables profitable trading by using multifactor ranking systems and deep learning algorithms that create smart equity scores and price targets to streamline the decision-making process. Ahrvo is a $0 commission social trading platform that provides daily rankings for over 8000 stocks and ETFs. Ahrvo’s proprietary ranking system exploits and capitalizes on patterns found in the historical and projected stock market and company-specific data in order to consistency find the best stocks. Ahrvo’s patent-protected software integrates quantitative and social investing. Fostering an environment where users can make profitable trades and engage other participants within the Ahrvo community to discuss trading strategies. Ahrvo Fantasy Investing League (AFIL) awards cash prizes monthly to the top finisher in its investing competition. Participants can create public or private investing leagues to compete against family and friends. Features include real-time prices and stock alerts, Wall Street consensus data, quantitative company profiles, proprietary buy and sell signals, 300 ranked investment themes, among others. The platform is currently available on iOS and Android.
Upcoming
ECTA
ECTA (Efficient Collaboration Team Autonomous) is the first blockchain-based trust protocol for global employability of developers. The concept, empowered by the proven AI tools, aims to solve the inefficiencies related to the time loss, verification of online profiles, talents discovery (especially in the low-middle income countries) and safe way to conduct business (payment solution with the power of smart contracts). While working on ECTA platform, besides collecting their earnings in ECTA tokens (ERC20) developers are having a unique possibility to earn (mine) ECTA non-fungible tokens (ERC721) as a reward for every task completed - which serve as proof of their skills and increase their reputation. AI component of the platform helps companies worldwide discover and employ these developers in a safe and productive way for both sides.
Active
PointPay
PointPay is creating a fundamentally new product that combines three services in a single closed-loop ecosystem: PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet. We work so that our potential customers could be users of the World Wide Web residing anywhere in the world. The payment tool will be the PXP utility token of the ERC-20 standard, created by PointPay based on the Ethereum platform as the most popular core for building blockchain systems. Firstly, this solution will combine the three above- mentioned services in one ecosystem, and, secondly, make the PXP token a valuable asset that will be in demand in the cryptocurrency market. PointPay has business contacts with more than 50 banks and 25 payment systems, as well as 20 lawyers who deal with issues of licensing cryptobusiness. We have 4 years of experience in supporting the functioning of payment systems, including signing contracts, working with banks, working with other payment systems, paying out funds, and building complex payment schemes.
Active
Zwoop
Using AI and blockchain, Zwoop’s unique find engine helps shoppers find the products they want from any website, at the best available price with a single click checkout. Shoppers will be able to pay for products using cryptocurrency and ZWP tokens.
Upcoming
DenCity
DenCity is an AI and Blockchain powered platform that provides you an engaging and immersive VR experience and lets you make a world of your own. A user will not only be able to explore, learn and create a life of his/her choice in accordance with the real world rules but also earn tokens that can be used to buy real life goods and services in the real world.
Upcoming
REPU
The REPU system (abbreviated from English – "reputation") is a revolutionary project that allows you to completely rethink the way social networks are perceived. REPU is a rating and feedback system based on decentralized blockchain technology. Technology allows you to completely replace the system of “likes” with the rating - both for users and for companies. The rating, subsequently, can be used as an assessment tool in various areas of the individual’s life - starting with professional skills, financial stability, and ending with all possible aspects of behavior and interaction with the public.