LendsBay

System for trusted financial transactions between people based on transparency and blockchain technology

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.

Read more

Alexander Koptelov, Founder, CEO - https://www.linkedin.com/in/akoptelov/

Anton Gazizov, Founder, CFO/IR - https://www.linkedin.com/in/anton-gazizov-cfa-15b77510/

Andrey Cheremkhin, Founder, COO - https://www.linkedin.com/in/andrey-cheremhin-6557b087/

Lyudmila Lukashova, Founder, Risk - https://www.linkedin.com/in/lyudmila-l-5378bb165/

Vladimir Gorbunov, Head of IT - https://www.linkedin.com/in/vladimir-gorbunov-16085a161/

Daria Batamirova, Marketing strategy - https://www.linkedin.com/in/daria-batamirova-6408bb165/

White paper

Other projects

Name Token Start End

ClearAid

Verified

Transparent charity on Blockchain to track and automate fund distribution.

CAID 07-07-2018 17-07-2018

Vanywhere

Verified

Live Skill sharing platform on the Blockchain.

VANY

Deedcoin

Verified

Tokenizing and reducing real estate commission.

DEED 30-04-2018

Valorem Foundation

Verified

A reserve lending and peer-to-peer platform for multi-party transactions.

VLR 28-01-2018 28-06-2018

ADAMANT Messenger

Verified

An anonymous, encrypted, blockchain based messenger.

ADM 30-01-2018 30-06-2018

Arise Bank

Verified

Building a decentralized crypto bank for the people.

ACO
Status:

Announced pre-sale

Token:

LBT

Start

17-09-2018

End

28-10-2018

Website Kristina Shilova, SMM Angelica Phillips, UK Market

How to edit information about ICO

Get a free presentation about making a profitable investition in ICO