Yes exactly, it gives lendees more freedom, I'm still trying to figure out whether lendees/lenders need to hold a certain amount of LBT before they participate in a loan contract on the Lendsbay platform? I've asked around and read the whitepaper but I haven't received any clarification yet.
As in a deposit/holding fee? makes sense i guess and is definitely a good question to ask. i haven't had a thorough look but is there anywhere that states what happens if the loan isn't paid back? The team have answered my query and it is not necessary to hold LBT to take out a loan, but a specific amount needs to be repaid in LBT tokens. Still trying to get an answer on what percentage or amount of the loan needs to be paid for by LBT. On repayment it depends really, because in theory a Lendsbay loan should always be repaid due to the very nature that the lender is lending their money to a friend, relative or acquaintance which should reduce the risk because it would ruin a relationship. There is insurance that can be purchased to manage the risk. In all honesty I need to look into it a little bit further. Do you really think lending to friends and acquaintance reduces the risk? I rather trust complete strangers to be people who might as well give me any excuse in the word just cos they are close to me  That’s the benefit of the Lendsbay platform, they facilitate loans between friends and family, which formalises the process by creating documents and enforcable contracts. They would not be allowed to give you excuses because they need to make payments otherwise their credit score will reduce drastically, any LBT tokens they hold on platform would be taken as collateral and if it was a considerable amount of money you would be able to take them to court with Lendsbay’s assistance of an experienced legal team. This is what I wanted to know, what will happen if loan amount is big and person who took loan refused to pay back. I hope LendsBay will assist us in legal proceedings. Yeah I could see a lot of people were asking these questions so I thought I should check with the team, to be honest it's like any other type of loan, failure to make payments and default of loan leads to court action, however it becomes complicated when its family and friends. But at least you have records that can be showed in court, it would be more difficult if you lent a friend this money informally and didn't have any records. I see how the idea works and I hope others will too in the future. |
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This is a very bold decision to go on sale when the whole market is on the decline.
I actually think starting a token sale whilst prices are down will be a benefit to the Tachain project. As we have seen today prices have picked up quite a bit which means more and more people will be able to reinvest profits into new ICO’s. I don't think that the whole market is on decline can bring many opportunities to stop people to invest in the project. This is a good project, isn't it? Markets look bullish, little pullback over the last couple of hours but that's because Asian markets are slowing down as its late evening and Americans are only just waking up. Should hopefully see another pump later on. If not it might retrace to last weeks levels and potentially fall lower, its so unpredictable I honestly couldn't tell you. |
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This is a very bold decision to go on sale when the whole market is on the decline.
I actually think starting a token sale whilst prices are down will be a benefit to the Tachain project. As we have seen today prices have picked up quite a bit which means more and more people will be able to reinvest profits into new ICO’s. |
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Yes exactly, it gives lendees more freedom, I'm still trying to figure out whether lendees/lenders need to hold a certain amount of LBT before they participate in a loan contract on the Lendsbay platform? I've asked around and read the whitepaper but I haven't received any clarification yet.
As in a deposit/holding fee? makes sense i guess and is definitely a good question to ask. i haven't had a thorough look but is there anywhere that states what happens if the loan isn't paid back? The team have answered my query and it is not necessary to hold LBT to take out a loan, but a specific amount needs to be repaid in LBT tokens. Still trying to get an answer on what percentage or amount of the loan needs to be paid for by LBT. On repayment it depends really, because in theory a Lendsbay loan should always be repaid due to the very nature that the lender is lending their money to a friend, relative or acquaintance which should reduce the risk because it would ruin a relationship. There is insurance that can be purchased to manage the risk. In all honesty I need to look into it a little bit further. Do you really think lending to friends and acquaintance reduces the risk? I rather trust complete strangers to be people who might as well give me any excuse in the word just cos they are close to me That’s the benefit of the Lendsbay platform, they facilitate loans between friends and family, which formalises the process by creating documents and enforcable contracts. They would not be allowed to give you excuses because they need to make payments otherwise their credit score will reduce drastically, any LBT tokens they hold on platform would be taken as collateral and if it was a considerable amount of money you would be able to take them to court with Lendsbay’s assistance of an experienced legal team. |
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a modern entertainment made by XMAX, like him they would be able to attract investors to join their project into the
Blockchain has actually changed the way we see things bringing a whole lot of revolution and modernization indeed xmax standardization and improvement of the entertainment and gaming industry is noteworthy This will surely revolutionise the industry to something remarkable and also create a standard that will attract others into coming to the blockchain world and enjoying the technology to the fullest. Xmax literally has the potential to do this. It caters for so many devs, pro and newcomers alike. There's going to be plenty of help to get you up and running, it's exciting. The level of support from the XMAX Foundation and the developer tools they have made available, are two things that really attract me to this project. Im excited to see the next project that the XMAX Foundation provides funding to! Yeah, I think the number one issue that alot of projects have is the documentation and the ability for non-technical people to actually understand how to build a DAPP. Great to see that Xmax are accounting for this. It’s refreshing to see a Blockchain project take this approach. The easier Xmax make it for less experienced developers and programmers to use the platform and create DAPPs, the more the project will grow in popularity. Which means more users and more transactions which could lead to more exchanges. More exchanges will lead to more trading volume and increased market cap which combined could mean a rise in the token value along with increased demand. |
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Ruff Chain is very promising, the project is full of potential, strong team, certainly the project will fly high, I very hope
Absolutely this is full of potential and a great team as you said. maybe this is why we are seeing the chart start to grow again; https://coinmarketcap.com/currencies/ruff/Most markets in CMC are showing green, there has been multiple sources of good news for the crypto game hence the rise - A good time to buy some cheap RuffChain Nice to see Ruff is up nearly 6% and the price is nearly at $0.05. It’s one of those projects that has struggled a bit since they launched but I think if they keep up their marketing and development of their platform then they shouldn’t have a thing to worry about, Ruff Chain really is a token you need to keep an eye on. Ruff team was focusing on developing the OS rather than manipulation of tokens price. Now due to working product tokens value will go up and we can earn good money. Well not just that, but the entire market has been down recently. ETH went from like $700 to $430 in the same time, so hopefully we're starting to see the market recover now. Fingers crossed it’s not a really short reversal like recent recoveries, seeing ETH back up above $500 is an encouraging sight. Alt coins are really moving as well and I can see the overall market cap is nearly at $300 billion. |
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Yes if Vanig get it right and the company is a success in the Philippines and Malaysia then they will be able to raise the funds to move it into different areas around Asia afterwards, including; Vietnam, Singapore, Hong Kong, Indonesia and India. They plan to do so by 2020 as well which is a very aggressive business plan.
Yes, Vaing team seems to have very big plans and that why they are looking for partnerships with big players like Alibaba. I mean with it taking that long to roll out, im hoping that by the time it gets to the other regions like UK or EU, it'll be a fully fleged and working platform without any issues, exciting times. Yes and the Vanig legal team can work on becoming compliant and passing regulations in Europe, so when the time comes they will be prepared to move their operations and start up in another country. |
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What about the other plans? Advertising in a taxi is ok, but what about longer trips by train or plane? Since you have plenty of time to look at advertising and earning tokens
Yeah but that's getting a bit ridiculous I'm sure there are limits on the amount of adverts you can watch in one journey, otherwise people might try and cheat the Tachain token reward system. |
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Lendsbay introduces a lot of flexibility in terms of credit history, ones credit history is no longer limited to one country, with Lendsbay people can get a loan anywhere in the world.
So as i understand i can get a loan from another country through Lendsbay? why is that better then getting a loan in your own country. Maybe you will not get credit in your own country. Or the interest rates are lower in another country. Maybe there are too few users of the app in your country. There are many possibilities Yes exactly, it gives lendees more freedom, I'm still trying to figure out whether lendees/lenders need to hold a certain amount of LBT before they participate in a loan contract on the Lendsbay platform? I've asked around and read the whitepaper but I haven't received any clarification yet. As in a deposit/holding fee? makes sense i guess and is definitely a good question to ask. i haven't had a thorough look but is there anywhere that states what happens if the loan isn't paid back? The team have answered my query and it is not necessary to hold LBT to take out a loan, but a specific amount needs to be repaid in LBT tokens. Still trying to get an answer on what percentage or amount of the loan needs to be paid for by LBT. On repayment it depends really, because in theory a Lendsbay loan should always be repaid due to the very nature that the lender is lending their money to a friend, relative or acquaintance which should reduce the risk because it would ruin a relationship. There is insurance that can be purchased to manage the risk. In all honesty I need to look into it a little bit further. Very good information, thanks for sharing! So even though we don't need to hold LB tokens we still need to buy some before taking loan from anyone. Found out some more information from the team about loan defaults on the Lendsbay app today. Lendsbay facilitate the signing of an enforcable contract between the lender and borrower. If there is default and someone fails to make their repayments, the app can generate an application for a court claim if the lender wishes to pursue this action. The lender then goes to court personally or with assistance of Lendsbays specialists. The claim will be enforced by bailiffs and the credit rating of the borrower will fall on the app and it probably become impossible for them to borrow money from their personal network again. |
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Lendsbay introduces a lot of flexibility in terms of credit history, ones credit history is no longer limited to one country, with Lendsbay people can get a loan anywhere in the world.
So as i understand i can get a loan from another country through Lendsbay? why is that better then getting a loan in your own country. Maybe you will not get credit in your own country. Or the interest rates are lower in another country. Maybe there are too few users of the app in your country. There are many possibilities Yes exactly, it gives lendees more freedom, I'm still trying to figure out whether lendees/lenders need to hold a certain amount of LBT before they participate in a loan contract on the Lendsbay platform? I've asked around and read the whitepaper but I haven't received any clarification yet. As in a deposit/holding fee? makes sense i guess and is definitely a good question to ask. i haven't had a thorough look but is there anywhere that states what happens if the loan isn't paid back? The team have answered my query and it is not necessary to hold LBT to take out a loan, but a specific amount needs to be repaid in LBT tokens. Still trying to get an answer on what percentage or amount of the loan needs to be paid for by LBT. On repayment it depends really, because in theory a Lendsbay loan should always be repaid due to the very nature that the lender is lending their money to a friend, relative or acquaintance which should reduce the risk because it would ruin a relationship. There is insurance that can be purchased to manage the risk. In all honesty I need to look into it a little bit further. |
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Did you guys know that passengers will also have the ability to pay with Credit card? it will help the people who do not know anything about crypto currencies.
Oh.. So tachain isn't restricting payment to just the tachain token but we can also pay with credit cards. Smart move from them. Accepting crypto and fiat as payment methods offers a greater level of flexibility, but will it reduce the demand for Tachain tokens? I think it will increase demand because fiat will help Tachain target a larger audience of taxi riders & drivers, they can see the option to use TCHN tokens and if interested they can purchase some to use as payment, along with the free ones they have gained from watching the advertisements. |
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a modern entertainment made by XMAX, like him they would be able to attract investors to join their project into the
Blockchain has actually changed the way we see things bringing a whole lot of revolution and modernization indeed xmax standardization and improvement of the entertainment and gaming industry is noteworthy This will surely revolutionise the industry to something remarkable and also create a standard that will attract others into coming to the blockchain world and enjoying the technology to the fullest. Xmax literally has the potential to do this. It caters for so many devs, pro and newcomers alike. There's going to be plenty of help to get you up and running, it's exciting. The level of support from the XMAX Foundation and the developer tools they have made available, are two things that really attract me to this project. Im excited to see the next project that the XMAX Foundation provides funding to! |
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Ruff Chain is very promising, the project is full of potential, strong team, certainly the project will fly high, I very hope
Absolutely this is full of potential and a great team as you said. maybe this is why we are seeing the chart start to grow again; https://coinmarketcap.com/currencies/ruff/Most markets in CMC are showing green, there has been multiple sources of good news for the crypto game hence the rise - A good time to buy some cheap RuffChain Nice to see Ruff is up nearly 6% and the price is nearly at $0.05. It’s one of those projects that has struggled a bit since they launched but I think if they keep up their marketing and development of their platform then they shouldn’t have a thing to worry about, Ruff Chain really is a token you need to keep an eye on. |
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Yes with Vanig firmly committed to the Asian region it could be quite a while till Europe has the chance to use the platform. Things do change and maybe they could get ahead of the road map and service other global regions sooner.
That is very true, but let’s not put too many expectations on the Vanig team, getting the Asian operations running profitably should be their number one priority and then they can start expanding their business to the European area. Asia is very big market. And it will take lot of time for Vanig team to establish themselves in Aisa and then they can focus on other part. They will start next year around June by releasing E-commerce and the App in Philippines and Malaysia, and as you say if they make a huge success in Asia it will be very easy for them out of Asia. Yes if Vanig get it right and the company is a success in the Philippines and Malaysia then they will be able to raise the funds to move it into different areas around Asia afterwards, including; Vietnam, Singapore, Hong Kong, Indonesia and India. They plan to do so by 2020 as well which is a very and aggressive business plan. |
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Lendsbay introduces a lot of flexibility in terms of credit history, ones credit history is no longer limited to one country, with Lendsbay people can get a loan anywhere in the world.
So as i understand i can get a loan from another country through Lendsbay? why is that better then getting a loan in your own country. Maybe you will not get credit in your own country. Or the interest rates are lower in another country. Maybe there are too few users of the app in your country. There are many possibilities Yes exactly, it gives lendees more freedom, I'm still trying to figure out whether lendees/lenders need to hold a certain amount of LBT before they participate in a loan contract on the Lendsbay platform? I've asked around and read the whitepaper but I haven't received any clarification yet. |
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