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please tell me, at what stage is the project now? unfortunately, I did not find the information. in general, I believe that the market is full of projects in the sphere of lending and in order to understand which project is more promising it is necessary to read white paper and delve into
The project and the timing have been changed. I hope the developers will add the actual information to the starting post so that there is no confusion. Is there information on the actual timing of the ICO? Actual date of ICO: 2-30 April, 2018 |
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I still have not received an answer to my question. Will the holders of tokens receive a dividend. Some projects are doing that.
LBT tokens don't provide the dividends. We plan to make quarterly repurchase of tokens. 50% of issued tokens will be repurchased. LBT will be repurchased at the market price at the date of redemption, but not lower than the ICO price. When are going to start the repurchasing program? The buy back wil be after launch Platform in full mode and creating the Safety fund. |
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Do you have Bounty program? Where I can read it?
I think that LoanBit bounty camoaign is supposed to be ended. There is no information about the active campaign now. Bounty campaign will be continued in the nearest future. You will be informed in this thread. |
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I still have not received an answer to my question. Will the holders of tokens receive a dividend. Some projects are doing that.
LBT tokens don't provide the dividends. We plan to make quarterly repurchase of tokens. 50% of issued tokens will be repurchased. LBT will be repurchased at the market price at the date of redemption, but not lower than the ICO price. |
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Hello! Do you plan to use KYC procedure at your ICO or it will be fully anonymised?
Hi. Yes, we do. KYC will be required for ICO investors. |
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Hi! Devs, what kind of programming language do you plan to use? Is there some code of this project already exist?
I do not think that any financial project will spread its code because of security concerns. And is it important? Investors are only interested in the profit and relevance of the platform. I partially agree with you, the safety of the facilities and the security of the platform with which all actions will be performed are also important for customers. But devs can tell us about some details of the project, not the full code if it's so secured. Hi. We will put some plugins in open access |
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What is the maximum amount planed to be collected during the ICO?
Hi. Hard cap is $20m. Soft cap is $1m. |
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It's great that you're going to work with cryptocurrency, cause it's money of future. But I can't find the information about what exactly currency you're going to work with?
This information has not yet been made public. I think that the top 3 crypto currency will certainly be used. I think they will use only stable currencies. This information is presented in our Whitepaper. During the launch period, lending will be handled in the following currencies: USD, BTC, ETH, Waves, LBT (currency of platform). In the future, the number of "working" currencies will increase to meet the large needs of the platform participants. |
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Is it possible to find out what effective interest rate on the loan will be  The loan itself will be issued on a pledge of something ?? Or without collateral? It is a hard work to calculate the right scores. It's a work for analytics, or AI. Ie there is no information on this issue ? The project should have a road map or a white sheet .... Where are the interest rates. Thanks to your question. The borrower points wishful interest rate in the loan application. Investors consider and make a desicion to invest or not. |
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Under the rights of what country you will launch your platform?
Thanks for you question. Our goal is to register a company in Switzerland. Why you've choose Switzerland instead of Estonia, as all other platfroms do? We are considering Estonia like the second variant. |
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Under the rights of what country you will launch your platform?
Thanks for you question. Our goal is to register a company in Switzerland. |
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Hello guys, can you tell me please how is LoanBit different from other lending platforms?
Hello. In my opinion the main differences are integrated exchange and safety fund. 1. Exchange allows to every user convert money without leaving the platform. It will be convenient for investors, borrowers and traders. Investor with BTC will be able to convert and invest into Eth or USD loan. Trader will be able to receive trading loan when he needs additional working capital. 2. Safety fund. One of the important advantages of the LoanBit platform is a safety fund for partial insurance of loan granted on the platform. The existence of a safety fund will attract more investors to LoanBit. The investor may look to a partial pay back in case of interaction with an unfair or bad borrower. |
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It's great that you're going to work with cryptocurrency, cause it's money of future. But I can't find the information about what exactly currency you're going to work with?
Thanks for your question. During the launch period, lending will be handled in the following currencies: USD, BTC, ETH, Waves, LBT (currency of platform). In the future, the number of "working" currencies will increase to meet the large needs of the platform participants. |
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What is the main idea of Loan Bit platform?
LoanBit is P2P-lending platform with safety fund for partial insurance of loans granted on the platform. There investors and borrowers meet each other and have the opportunity to lend money without collateral. Without collateral? How they realize that? Hi. Thanks for your question. Yes, we will work without collateral. At first, it will be ecosystem based on mutual respect and mutual trust. Everyone knows that there are a lot of persons who always try and trespass. To avoid this and minimize investors risk LoanBit platform will verify all loan application. There will be Safety fund if worse comes to worst. |
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Stop posting this in the thread.This thread is only for project discussion!!!
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Hello Dev! Tell me please, How are you going to use funds received from ICO? Hi. Thanks for question and interest in project. The funds raised from the ICO are necessary for: - Improvement and development of the platform: - exchange development - expansion of cooperation with arbitration - mobile application development - Marketing and promotion of LoanBit platform - Creation of the initial safety fund - Development of verification service - Operational costs of the platform (improvement of the working platform, salary, rent, maintenance of the office, establishing representative offices) for the testing period and the first year of operation in the full mode. |
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Why not standard bank deposits? What's the differ? Obviously, the bank deposit is the least risky opportunity. In addition, it hardly pays any income. Sometimes a deposit does not even generate profitability (the money is simply deposited). I agree. Nowdays Bank are useless and a lot of them has a high fee for borrowers  That is why blockhain and this project so important for the world economy  Thank you Dev  Do you really believe banks? Huh.. One my friend, fell into the trap of loans because of hidden banks contracts. I believe only in future of blockchain decentralized loan system. And I think I have supporters of my opinion Be part of the future dude Yea, I agree with you. It also need for people who live far away from banks, so they can borrow money online and forget about transport troubles. Hm... They actually can do this using simple online credit but with the higher tax. This project has a lot of advantages. I hope to see trial version! I am also looking forward to try this product, I hope that they will also launch a trial period for their future customers, so we can have an idea how easy and safe to use LoanBit. Guys, It will be better if the trial is not a 30 day period access. Much better if anyone can use LoanBit free version which is limited of service while the paid version will be the one with the full benefits and access. Guys, Platform will be free for everyone. At first, there will test-mode version launch, so everyone can use, give recommendation, find mistakes and error ). |
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Why not standard bank deposits? What's the differ? Thanks for your question and interest in our project. Please find the main differences and advantages against bank deposits: 1. The level of profitability in P2P lending is higher than for bank deposits. 2. No tax for interest income. 3. You are able to choose the way of investments. 4. Diversification |
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Tell me, do I understand the idea of the project correctly? If I have free funds, then I can lend to other users of the project and earn on it. Right?
Yes, you can be the creditor and give someone your money and earn % on it. Interest on the loan will be set by your company or it will be formed under the market? Thanks for your question and interest in our project. The interest rate will be set by borrower in loan application, at first. The investors view the loan application and decide whether to invest or not. The borrower can increase interest rate if his application won't be financed. So we can safely say that the interest rate is set by the market. |
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