 | LENDSBAY (LBT) |
LENDSBAY – credit ecosystem. System for trusted financial transactions between people based on transparency and blockchain technology.
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What is LENDSBAY
Designed for interaction between users, Lendsbay is an application used to manage loans between relatives, friends and acquaintances. The Lendsbay application is used to find a lender and then to record, document and administer the loan. Bays (social groups) are created within the Lendsbay platform to pool financial resources through mutual lending.
The LBT token will be used for transactions between users on Lendsbay. Users will be rated based on their reliability by other Lendsbay platform members.
LENDSBAY Roadmap
Createding a web prototype.
Market research.
UX testing.
Builtding a financial model.
Developed the server and user part of the application.
Conducting a pre-ICO.
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.
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.
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.
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.
Creating a universal rating for economic relations (LBU).
Creating various ecosystem elements.
Building a consolidated ecosystem of transparent relationships.
Token Sale Dates
Presale Period
Token Allocation
Funding Details
Restrictions
China, United States
Token distribution
5% will be available during the pre-ICO
70% will be available for sale during the ICO
15% will go to the system's insurance fund
5% will go to the founders
3% will go to the bounty programme
2% will be distributed among team members
Funds allocation
Money received through the pre-ICO will be distributed as follows:
30% for development of the app
50% for ICO preparations
20% on salaries and the bounty programme
Money received through the ICO will be distributed as follows:
70% for project development
20% for the insurance fund to support the functioning of the platform (optional)
10% for the team, the founders and participants in the bounty programme
Token Price and Payment Options
Project team
Advisors
Social media
Twitter
Telegram
Reddit
Medium
YouTube
Instagram
Facebook
LinkedIn
GitHub
BitcointalkIndustries
