LendsBay

Details
LendsBay

LendsBay

Artificial Intelligence

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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.

TOKEN INFO

Token type: ERC20
Platform: Ethereum
Whitelist/KYC: KYC & Whitelist
Country: Russia

FINANCIAL

Token price: 1 LBt = 0.001 ETH
Softcap: 250,000 USD
Harcap: 1,500,000 USD
Accepts: ETH, BTC

ABOUNT TOKEN

  1. Sign up
  2. Enter Your Name, email, password
  3. Verify email
  4. Complete KYC
2.8
5.0
2.0
2.4
1.6
PREICO TIME: 2018-06-18-2018-07-29
0.00%
WEBSITE WHITEPAPPER BOUNTY
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