 | LENDSBAY (LBT)ICO  LENDSBAY – credit ecosystem. System for trusted financial transactions between people based on transparency and blockchain technology. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat 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.
DetailsPre-sales: Jun 18, 2018 - Jul 29, 2018Pre-sale token supply: 5000000 Token supply: 5000000 Soft cap: 10,250,000 USD LegalCountry limitations: China, United StatesBountyBounty: 3%Social media: 40% Bitcoin talk signature campaign: 10 % Other: 50 | Token infoTicker: LBTType: Utility-token Token standard: ERC-20 Token price in USD: 1 Token = 0.500000 USD Accepted currencies: ETH Bonus program: Pre-ICO: Presale: 50% discount Week 1: 45% discount Week 2: 42% discount Week 3: 39% discount Week 4: 36% discount Week 5: 33% discount Week 6: 30% discount ICO: Period 1: 26% discount Period 2: 14% discount Period 3: 0% discount 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 |
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.
Project team
Advisors
Social media
