Lendoit (LOAN)

Token Generation Event

To get feedback from the system’s users and avoid major bugs that will jeopardize user funds, Lendoit will enable users to lend and borrow loans in the Ethereum Testnet. Lendoit will work to fix any major issues on the beta version and develop features according to user feedback.

In order to establish a trusted and successful business, Lendoit will work to achieve integration with the leading scorers, verification and collection providers from around the world. Such integration will enable the platform to operate worldwide and facilitate the issuance of the initial loans over the Lendoit Platform.

After establishing the provider integrations and finalizing the first version (1.0.0), Lendoit will release the first version to production on the Ethereum network. The first users will be able to lend and borrow funds via the Lendoit platform.

One of the key factors to the success of the platform is to make the whole process of borrowing and lending easy to use. With the right partners and collaboration, Lendoit can achieve a higher uptake of its system and attract users that have never used the Blockchain.

The first type of loan is a Microloan for short term (15-90 days), but the Lendoit Platform architecture supports many other types of loans like medium-size and large loans, SME loans, etc.

Lendoit aims to connect any type of borrower to any type of lender using any type of loan.