I just encountered this new platform and I would like to ask what makes it different from the other existing Cryptolending platforms already available like ETHLEND and others? What are the advantages of this compared to the other existing outfits out there? I might as well check your whitepaper and website and see if I can find something there what will help me make good decisions in participating.
In their presentation on the last page they have a list of the differences to other platforms. ETHLend is not there, but some others https://lendsbay.io/static/documents/lb_presentation_en.pdfWell I don't know much about ETHLEND but I believe lendsbay have a lot to offer and also their concept is a little bit different I think the main difference of Lendsbay to Ethlend is in the possibility for Lendsbay users to get loans in a fiat currency which will be secured by a cryptocurrency. Ethlend deals only with crypto loaning. I think the zero interest option is also something they are different on. I am not sure if others have the same option or not but I think having the possibility or at least having this option is a real plus. Normally when you lend a friend some money you only ask for the original amount back, Lendsbay want to encourage this type of lending on the platform hence why they offer the zero interest option. A lot of informal lending between family members and friends isn't documented and there is no real responsibility on the lendee to repay the money within a certain time frame, or even pay the full amount. Lendsbay's platform will increase the trust between friends and family and provide records for both parties to make sure someone can be held liable if there is a repayment failure. I actually haven't seen anyone else try and do this before, this is a very unique idea and I really hope it does well, I saw an article by Lendsbay on Medium that shows off the Russian version of the app, it looks really good, check it out here: https://medium.com/@lendsbayio/the-design-of-the-lendsbay-app-is-completely-ready-b12678d9d163Hopefully they will release the English prototype soon! Yes, normally we don't charge any interest to our friends, but if we use LendsBay platform, at least transaction will be documented and it will be easy to track for our family members just in case something happens to us. Yeah, kinda of a pretty scummy thing to do to charge your friends and family interest in my opinion, so glad they have the option for a 0% interest loan. I still don't think people are going to use this unless they're lending their friends/family a significant amount of money though. As you say it is good to have all options, but there are situations in real life where interest rates among family members can make a lot of sense. Personally I just don't see it happening. My only issue is that for the everyday user, are they realistically going to setup a blockchain app and account on both ends for a $100 loan to their friends/family? I know I wouldn't. For borrowers and lenders however I can see it being used. |
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I just encountered this new platform and I would like to ask what makes it different from the other existing Cryptolending platforms already available like ETHLEND and others? What are the advantages of this compared to the other existing outfits out there? I might as well check your whitepaper and website and see if I can find something there what will help me make good decisions in participating.
In their presentation on the last page they have a list of the differences to other platforms. ETHLend is not there, but some others https://lendsbay.io/static/documents/lb_presentation_en.pdfWell I don't know much about ETHLEND but I believe lendsbay have a lot to offer and also their concept is a little bit different I think the main difference of Lendsbay to Ethlend is in the possibility for Lendsbay users to get loans in a fiat currency which will be secured by a cryptocurrency. Ethlend deals only with crypto loaning. I think the zero interest option is also something they are different on. I am not sure if others have the same option or not but I think having the possibility or at least having this option is a real plus. Normally when you lend a friend some money you only ask for the original amount back, Lendsbay want to encourage this type of lending on the platform hence why they offer the zero interest option. A lot of informal lending between family members and friends isn't documented and there is no real responsibility on the lendee to repay the money within a certain time frame, or even pay the full amount. Lendsbay's platform will increase the trust between friends and family and provide records for both parties to make sure someone can be held liable if there is a repayment failure. I actually haven't seen anyone else try and do this before, this is a very unique idea and I really hope it does well, I saw an article by Lendsbay on Medium that shows off the Russian version of the app, it looks really good, check it out here: https://medium.com/@lendsbayio/the-design-of-the-lendsbay-app-is-completely-ready-b12678d9d163Hopefully they will release the English prototype soon! Yes, normally we don't charge any interest to our friends, but if we use LendsBay platform, at least transaction will be documented and it will be easy to track for our family members just in case something happens to us. Yeah, kinda of a pretty scummy thing to do to charge your friends and family interest in my opinion, so glad they have the option for a 0% interest loan. I still don't think people are going to use this unless they're lending their friends/family a significant amount of money though. |
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Hey guys anyone knows if their last invoice published the transaction was executed in fiat or in BWT? or did bittwatt convert it afterwards? I think there was a barcode in place but what does it have I did not check that.
it was paid in BWT tokens if you mean the mining plant bill? I believe the total was something like $30,000 worth of BWT that was used to pay the bill. (I think that's the one you mean!) |
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The presale stage starts in 20 days time, it feels like the private sale has been running forever. It’s great they secured the deal with the 4NEW CEO for $1m. I think we will see a real influx of investments when the presale starts.
Yes, private sale taking long time. I was expecting it to finish by now. Vanig team is doing good promotion of the project, but still private sale is not kicking off. i have no issues with them running the private sale for this period of time, it allows for institutional investors to actually hear about the project and invest early, that benefits everyone. You'll still be able to buy the tokens in the ICO, so there's literally no issue with the private sale running for a period of time. |
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I'm excited to get my teeth into this one, I know some JS so will see what I can figure out. I'm sure with the guides and tutorials they're hosting I'll be able to prototype my first blockchain game ... eeeek
Yeah, from what I heard, the XMax platform provide developers with a set of templates and tutorials. After creating dapps, you can share them with other user. Yeah, those template are going to make developement rapid and also make developer's job easy and efficient. With 2D and 3D engine game development will be awesome. Yes, using XMax template, developer will be able to create awesome games. And best thing is that XMax have developed easy language and we don't have to learn blockchain language. Yeah man, they've also built a massive library of multimedia content as well from my understanding that anyone is allowed to use when they are creating their own DAPP's. Love to see them supporting the community. |
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Not sure I need to go back and reread the whitepaper and see what the inner logistics of the token are I forget really how they are managing the value and power connection
Lmao, I think that I am in the same boat.. It's been a few months since I read the whitepaper and apparently in that time I have forgot everything.. Defiantly need to check to see how they are handling selling of excess power. |
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I haven't read anything for quite some time that we can sell our self-produced electricity on the Bittwatt platform. The development of this platform will probably take some time. Or does anyone have other information about this?
How would that happen? Do you or can you distribute the electricity you generate? if so how do does this usually happen. If say you own a generator and all how do you do or handle the distribution? But I really thought they mentioned something like selling self generated electicity, I have been wondering how that's gonna be possible. It not feasible Yeah, from my understanding you could sell your power like from solar panels or the like to the Bittwatt platform for BWT tokens (at a rate of 1 KW = 1 BWT token). Don't forget it's still very very early in the project, I imagine they're looking to get a presence in countries before the B2B platform goes live in January, I really hope that you are right and we can sell our self-generated electricity from January. 1 BWT for 1 KW sounds fair, that could be a nice extra income I mean don't quote me on that date of January, that's just when the trading aspect of the platform goes live, it could be a while before they figure out the ins and outs of setting it up so that people can sell their excess energy to the grid. |
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Looks decent, especially the team.  Haven't taken part in any Russian project but this could be the time. They are solving real problem with great technology, from all indications this will make huge impact to our society I wish them success The projects which solve real life problems and the ones that will be successful. After all - if everyone advantages from it or makes their life easier - why would it not be successful  You're right, they tend to solve a problem, something that has affected the lives of most individuals at one point of their existence, i wasn't confident at first but the portfolio of the team seems to be really encouraging, that means a lot and its worth considering, so i'm just following up the thread to see where the project leads and hopefully we'll get to see them hit their target I agree that projects that are solving problems are the ones that are going to survive where others will fall, but im not sure if this is going to be for everyone, say for instance you lend your mate $10, your not going to bother setting up a blockchain account on both ends and going through the process are you? I think this is aimed more at the borrow/lend market rather than everyone. |
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I haven't read anything for quite some time that we can sell our self-produced electricity on the Bittwatt platform. The development of this platform will probably take some time. Or does anyone have other information about this?
How would that happen? Do you or can you distribute the electricity you generate? if so how do does this usually happen. If say you own a generator and all how do you do or handle the distribution? But I really thought they mentioned something like selling self generated electicity, I have been wondering how that's gonna be possible. It not feasible Yeah, from my understanding you could sell your power like from solar panels or the like to the Bittwatt platform for BWT tokens (at a rate of 1 KW = 1 BWT token). Don't forget it's still very very early in the project, I imagine they're looking to get a presence in countries before the B2B platform goes live in January, |
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Sudden jump in investment raised in last one day. 32k to 60k now. Seems like project is getting traction now and start picking up pace. Fingers crossed.
Seriously?? That's just 4k shy of a 100% increase. That's a great achievement in a short while. Guess thru is was a single investor cause I really would be surprised and amazed if they say its not a single investor I won't be supposed if the sale spike was caused by a single investor who was impressed with LendsBay project and wants to make an impact on the sales. Obviously it will start with single big investor and then move ahead with many on seeing the demand. Thats how crypto world works. Lets see how far they go from here. But I am seriously looking forward for the softcap. Awesome, that's a massive increase in funds raised for the ICO! So happy for the team and hopefully it means that people are starting to recognise the project as a good one! |
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Hi. So already this coin/token is on exchanges? In the next year will be made a swap of all coins and will be own blockchain? This token is on Ethereum network? And why wait so long for new blockchain? When on 2019 will be made own blockchain, in which month?
I do not know your abilities, but what do you think about how fast a blockchain is completed? It takes some time, especially when you see what Xmax is up to. And first issuing ERC20 tokens to have enough money for development, many are doing so It sure takes sometime and lets not forget that XMax is like building a platform on the blockchain platform, which takes a lot of creativity to achieve and not to mention the expertise needed, as the project is meant for developers and even non-developers, they are rendering a service so it should take sometime to get everything up and running, the estimated date is around the corner yeah man, I have no issue with them having a placeholder token as an ERC-20 one while they work on their own chain. They probably went for ERC-20 as the smart contract makes ICO's easy, you can automated the sending out of tokens when someone buys, compared to having to do it manually on your own chain. |
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Will be very interesting in the down market to see how the Vanig token sale goes. Is a very strong platform and they seem to have promoted well. Here’s to a speedy finalization and quick launch to exchanges
I would like to see Vanig’s tokens get listed as soon as possible, some projects wait for ETH to reach a certain level before listing but I think this is unfair on investors. I think it’s unfair because it means the token holder has less control and they won’t be able to sell until the project thinks the time is right. we are still 20 days away from the pre-sale and then comes the crowd sale until 15th september So it's still very early to talk about a listing :-) Its funny to see the topic related to listing here. We are still in private sale. Like somebody said here, we are still 3 weeks far away from pre-sale opening. I mean there is literally nothing to stop someone from trading it on Forkdelta/etherdelta and other similar exchanges right away. I think that they have a solid idea with a fantastic MVP, so I think the token price will be pretty stable tbh. |
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I would agree the biggest challenge would be to get people to buy or use the BWT; I mean for energy providers to sell in BWT they need to have an incentive in place; But I think the exchange that was release could do the conversion in the back.
yeah, there needs to be an easy way for people to get BWT, like maybe they could earn BWT from their electric company as a form of loyalty reward, then they could just buy some more BWT to top up the exisiting ones they have. But if it was me, and i had to then buy BTC or ETH to be able to buy BWT just to pay a bill I don't think id be doing that. E That is a good point raised, It would make sense - it is a pain having to buy BTC OR ETH just to be able to buy BWT - kind of going round in circles Exactly, people are lazy, and if there isn't some form of benefit in paying in BWT, it's only ever going to be people in Crypto who hold it, or can easily acquire ETH etc that will do so, for the breakout into the consumer market, it needs to be appealing and easy to use, im sure the team has considered this though and is working on a solution! |
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It seems to me that there are too many crypto projects that plan to work in the sphere of crediting. But I'm ready to give a chance to this project if the developers try. For example, I'm very interested in how the team will advertise its project on the CIS and Asia markets. Because in the CIS trust credits is very common. Thanks.
Those are some good points, there have been alot of crypto projects based around lending and earning a % per each day, but I don't think any like Lendsbay yet. It might be worth joining their telegram channel and asking the marketing query: https://t.me/lendsbaychat |
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I would agree the biggest challenge would be to get people to buy or use the BWT; I mean for energy providers to sell in BWT they need to have an incentive in place; But I think the exchange that was release could do the conversion in the back.
yeah, there needs to be an easy way for people to get BWT, like maybe they could earn BWT from their electric company as a form of loyalty reward, then they could just buy some more BWT to top up the exisiting ones they have. But if it was me, and i had to then buy BTC or ETH to be able to buy BWT just to pay a bill I don't think id be doing that. E |
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After reading here again and again questions about further expansion, I would like to show this list from the whitepaper https://ico.bittwatt.com/#whitepaperCountry Opening the market Estimated # of customers
China 2022-Q1 5.0
Russia 2021-Q3 2.0
Moldova 2021-Q2 0.1
Netherlands 2021-Q2 0.9
Denmark 2021-Q1 1.0
Norway 2021-Q1 1.0
Sweden 2021-Q1 1.2
Portugal 2020-Q2 0.3
Spain 2020-Q1 0.4
France 2019-Q4 0.8
Italy 2019-Q3 0.7
Germany 2019-Q2 1.2
Austria 2019-Q1 0.3
Hungary 2018-Q3 0.1
Ukraine 2018-Q3 0.2
Turkey 2018-Q2 0.5
Bulgaria 2018-Q1 0.1
I believe the number of customers is in millions, this stat clearly shows they ate targeting mostly European countries Obviously are the number of customers in millions. I think, that the calculated numbers are very low, at least for some countries like Germany for example. There should be more than 1.2 million potential customers for BWT. I think these calculations are alright. One must not forget that customers do not come directly to Bittwatt, but the energy companies of a country give their customers the opportunity to pay in BWT. At first it will not be easy to find many companies that are participating, that's why 1.2 million are already alright for Germany if it's millions that is still a pretty high estimate, i still think that the main hurdle is getting people to actual buy BWT, is there a discount in purchasing with the token? Otherwise it's an extra step in paying your bills. |
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Sudden jump in investment raised in last one day. 32k to 60k now. Seems like project is getting traction now and start picking up pace. Fingers crossed.
Seriously?? That's just 4k shy of a 100% increase. That's a great achievement in a short while. Guess thru is was a single investor cause I really would be surprised and amazed if they say its not a single investor Just gaining steam I think it will continue to ramp up over the next few days as people take note of the project and realize what it actually is, the projects trying to do something that really makes sense I do agree with you, with the progression comes sudden rise in investment, probably the community has started seeing the needed impact that this project tends to offer to investors, its really an opportunity to get funds for our various needs once they judiciously follow their roadmap and get established into the minds of the community I think it’s also people realizing what the program actually is and realizing it’s not one of the “loan” and earn x% per day projects that was so bullshit last year it’s a p2p lending platform that actually has demand and makes sense haha, I remember there was one called coince or something that offered like 180% return on your investment. And i agree hopefully lendsbay will be a step in the right direction to legitimise lending on the blockchain. |
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I believe they are working according to priority and capability. They know what is of most importance and feasible at every point to the project and they go for it. When it's time for that you are waiting, it will surely come through too.
3 more weeks till the end day of Vanig ICO. Let's keep supporting the project, and invest into Vanig if you want. The Vanig project launched massive marketting campaigns, which lasted for months. I think this is not the right information. Vanig ICO has not yet started how come it will finish in 3 weeks? Are you talking about private sales which is ongoing? I think he must have either mistook it for another project or he is referring to the private sales. Which ever it is, thanks for clearing it up. Still private sale is going on. Then pre-sales will start and then public sale. I don't know if team is updating private sale counter on daily or once in a week. Accordingto what they have announced, the private sale will end July 22 and the pre-sale will start on July 23. The amount has been raised has not been announced yet. We’re not going to see a total until the private sale is over then we’ll find out how far off they are from the hardcap and see how the standard ico process will roll out it’s interesting their getting such a big response during even the private sale portion already All what we know is, that one big investor invested 1 million in the Vanig project. There are no further information how many tokens they overall sold. They've got big response from many people who are very interested in Vanig. We won't be getting exact figures from the private sale, the team has said it in the Telegram channel, unfortunately it really is 'private' so once we've moved onto other stages we'll be able to see what funds they are raising. |
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Glad you guys finally announced on BcT been following the project on other channels and I think being here opens you up to more of the typical crypto crowd. I hope you guys can really make your network but also your dev tools the go to standard when it comes to blockchain integrated gaming I really hope so
Yeah man likewise, can't beleive that they have only just made a Bitcointalk ANN, they're out of ICO phase and on CoinMarketCap already.. Talk about better late than never haha |
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If you are looking for an exchange where you can easily exchange Fiat ($, EUR, GBP) in ETH / BTC / BWT, you should really take a look at the Bittwatt Exchange. A very simple exchange and it works very well
For Romanian users, I would like to say, then you can also pay in LEU
I think even COSS allows fiat but you need to KYC for it. as far as I my knowledge is extended they have recently rolled fiat. I know USD is there but not sure of EURO is there. I think it would make sense to use bitwatt exchange if you are trading energy otherwise coss would be good until a bigger exchange is announced. As soon as you want to change to FIAT, KYC will come in place. But in some exchanges it worth doing KYC as we can cash out to FIAT sometimes to be on the safe side. However, it is not needed for Bittwatt as this is a must have token in the portfolio. This is most definitely a must have token to have in your portfolio. It has huge potential to be a really good payout one day, for now you hold, let the team do their thing and see what the future brings I agree, the potential of when the B2B platform goes live is massive, especially if they do expand their operations into the EU and countries like the UK. I think this is just the start of what's going to be an exciting time for Bittwatt. Getting into eu markets would be huge but also would require a lot more legal red tape balancing I think that’s why the team need to way the ease of access of new areas with the amount of impact it will have on the platform as a whole have you checked their site? They have a 'business' section and it shows that UK plans are currently underway, so It can't be that much 'tape' stopping them from expanding into the EU  |
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