They showed already some screenshots of the app in their telegram channel. Looks very good. I can not link to the pictures, but you can see for yourself: https://t.me/lendsbaychatThanks, I had missed that in their telegram chat. Just had a look and the user interface is looking very nice and clean, looks very easy to use, unfortunately I don't understand the native language so couldn't tell what most the wording was but most obvious enough from the screenshots what it would roughly say. Oh nice, I missed that also! Need to keep an eye on their telegram more often if they're posting sneak peak update there haha. And gotta agree, can't wait to see the app when it's live. |
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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. |
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very helpful project. but how you control your lenders and the assurance that they are capable to lend
I think before one is deem fit to lend a vetting process is conducted, which will containing certain documents to prove ones net value and banking credibility will be considered as well. The vetting process is very important and necessary.. Lendsbay being able to identify authentic documents from fake should be their main focus point. Indeed will the vetting process be one of the main points. The team have to ensure that the data is correct. Trust is fundamental in the lending business. i imagine it'll be a process that involves KYC on both ends, so the lender and the borrower will both have to be verified. I don't think a credit check etc is necessary on the lenders part from my understanding of the project.. |
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In the Progress Bar you can see that so far 1mio has been taken. That was just one investor so far (the President of 4New)
Or was the Progress Bar not updated yet? But maybe the $ 20k minimum investment is too high?
They're only looking for institutional investors or large whales at this point, so I don't expect it be constantly moving. The main sale has a minimum of 0.1 ETH investment, so that's when we'll see the majority of the movement in investments. |
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From what i've seen Bittwatt has held it's own in the market lately! I believe it's due to the strong foundations it set.
It's been quite volatile, hard to decide which way it's heading at the moment. I wouldn't want to be a trader in these current market conditions. I try to purchase when I feel a token is at a good price point regardless, when Bitcoin and Eth are down, you can often see Alts dip before a rise as people don't want to sell whilst so cheap. BWT has some momentum at the moment but it's still a very attractive price. Yep that’s why the choice to buy with eth as determining which coin will raise the most percentage wise is key to day trading in any market so when the big coins are low it’s debateable But bittwatt has been holding its value especially well Yeah, currently they are Operating in very few countries, but I think they are working on introducing platform in UK finding partner similar to Eva-Energy in UK. Once they find a partner in UK, BWT token will rock. Im not suprised tbh, they have literally only just got the funding to go ahead with their project so we cannot hold it against them.. Show me another ICO that has made this much progress this quickly after their ICO sale has finished. |
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I’m interested to see adoption for this take off it’s a unique concept I think the biggest challenge won’t even be from the project but from the negative view people have of crypto lending people stupidly associate anything with lending to be whatever those old bcc and other coins that weren’t actually lending coins
Meanwhile Lendsbay is trying to be real p2p lending which is such a good field that really should be able to grow and expand I’d imagine a lot of people I’ll be interested from both the lending and lender side of things
Yeah, it's a good point. I tried out some crypto lending platforms a few years back and they were rubbish, so many scammers and people defaulting on loans and simply creating new accounts. Will be interesting to see Lendsbay combay this. I am curious about something.. How does one track down someone who doesn't wants to pay back loan or interest. Does the system automatically combat this? According to their whitepaper, they have tools in place to handle such, i believe a court order will be issued for the capture of such individual if he/ she refuses to pay, besides, the tools that helps analyze the risk of such individual will be put in place, like the saying goes, prevention is better than cure, so once you get to know that the risk level of the individual is high, you don't try to go further But let's say you lend a friend $100 ... Surely it would cost more to open up a court case to try and get that money back? lol LOL from my understanding before a loan is granted a vetting process takes place to ascertain if the supposed individual is eligible for the loan requested. Lmao, some people may do it for the principle to teach them a lesson, plus there's a tonne of instances in which the loosing party had to pay the legal fees for the winner as well |
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From what i've seen Bittwatt has held it's own in the market lately! I believe it's due to the strong foundations it set.
It's been quite volatile, hard to decide which way it's heading at the moment. I wouldn't want to be a trader in these current market conditions. I try to purchase when I feel a token is at a good price point regardless, when Bitcoin and Eth are down, you can often see Alts dip before a rise as people don't want to sell whilst so cheap. BWT has some momentum at the moment but it's still a very attractive price. Yeah I think it's still below ICO price I still see lots of room for price growth definitely a good buy if you've got spare funds. Honestly even at the high of $0.06 it's still a fantastic entry point into BWT. When the B2B platform launches, im pretty sure the price will be pegged to 1 KW of energy, so i don't see it being cheaper than that. |
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I have been looking at the roadmap this morning and it looks like Lendsbay will get a lot done in July. Firstly they will be releasing the beta app for Android/iOS. Then they will develop the legal component and establish the ratings and pricing a mechanism.
It’s a lot to get done, but if they do it all next month then they will be off to a flying start. I have seen a lot of other projects that are trying to do something similar with bringing credit risk to the Blockchain, but these guys look like the real deal, they are putting a lot of emphasis on the legal side of the business and on the underwriting.
It’s a very regulated business and I’m glad to see Lendsbay are taking this seriously with the legal work they are doing. Also the founder/COO Andrey Cheremkhin is a legal professional that has worked in the industry for over 10 years, he will be invaluable to the teams everyday operations.
It's a lot to get done in a short space of time but we don't now how much the team have already done in the background. I'm looking forward to July and seeing the beta yeah, July is when we are all waiting for but I believe they have done so much we probably might not know time will eventually make everything clear Looks like we will be looking at great things. I am especially waiting for the mobile app as I think it would really be of use with the closer circle. I mean it is easier lending to family and friends than strangers. It's easier yes, but in my opinion, it's easier getting (or taking) your money back from strangers than family and friends cause you won't get too emotional/sentimental with strangers as much as you would with friends. Well, you do have a point but i guess if you don't want to go with the family and friends thing, you can switch to others, after all, its decentralized and a whole lot of users will be available and by accessing their risk level, it will streamline you to pick from those you feel comfortable with, the main point is that they have ways of getting at defaulters Distributed lending isn’t really new it’s been done before though not via crypto so they have a framework to build on and expand from by looking at standard fiat distributed lending brokers. There will be defaulters there always is it’s just how to deal with them and track them that differs Do they have a form of rating system for borrowers and lenders then? I haven't had a chance to checkout the whitepaper yet, but if there is a kinda rating system based on successfully lending/borrowing that'll go a long way as well. |
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tomorrow is the 30.6. and thus the start in romania and bulgaria. and the golf tournament will take place tomorrow (if someone from Bulgaria is reading here)
I'm not sure if the Energy Exchange will start tomorrow, that would be a great surprise
Hope they move into the UK, Bittwatt has so much potential for expansion. In the UK there is a problem with lack of competition in the energy markets. Bittwatt could help solve this problem and encourange lower pricing for customers. I think I have good news for you. If you look at https://ico.bittwatt.com/business then you can see that the preparations for a start in the UK are already in progress Wow I should have really seen this information before! Thanks for pointing this out Faulerwilli, this is very good news. Interested to see if it works in the way I think it will. If it does reduce the costs then I can use the Bittwatt exchange to switch providers and pay my electricity bill, I will send a picture on here of my bill if that ever happens lol! :-) From Bulgaria to the uk. This would be a huge step to take for Bittwatt. But if this happens it will surely be a great step to getting acceptance in other countries too. Good news. UK is a popular country. When people will see this they will take things more seriously. I hope that they will expand it to more countries in the future, oh wow, thanks for that sharing that link. I had no idea they had plans to expand to the UK.. I may have to try and swap to one of the companies they'll support to pay my bills in BWT haha |
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I've looked at the MVP again, thought there might be an update. But apparently there is none. For this I have discovered how easy it is to add new products to the blockchain, just fill out this form: http://hyperledger.vanig.io:3000/productlisting/add-product.htmlPrice is again only in Vanig, I'm curious if ever a price will be given in Fiat? Vanig team should provide Fiat option as well. Not everyone will use crypto currencies for buying products. im pretty sure that they said that it'll only ever be available in Vanig tokens at the start, which is what will bring in the constant demand for the tokens in the long run. Of course, I can understand that they only want to quote prices in tokens, but don't you think that platform users would like to compare prices? This is much easier in Fiat, as if they first have to convert the price If only Vanig tokens option is available for product buying then it could create some issues, but I think Vanig team have solutions for such cases. Why do you think that could create some issues? If the people will get an extra benefit for paying with Vanig, most people will buy the token. I don't think it will create any issue, vanig needs to be of value before opening its doors to any other means of payment, otherwise it won't grow that much, lets not forget that other means of payment is like their competitors, so they need to grow to a tangible height before considering others, the brand name is vanig and its tokens are meant to be used i don't see it creating any issues either. The token will be in a constant demand because it's used to purchase goods, which should keep the price at a pretty stable point. |
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Today the price is up more than 30% a good sight especially for this project, seems promo on COSS exchange make the price up, hopefully after the distribution of prizes the price is not down too far.
Yeah, I love Bittwatt they are really making a lot of progress I am expecting more improvement from them. Kudos to them yeah, i was really impressed with their beta platform website https://beta.bittwatt.com didn't expect them to have their FIAT > BWT exchange up so quickly as well. Yeah... The platform was developed quickly. Bittwatt are ready to deliver and they are efficiently doing that. We hope to see the best of Bittwatt. I also didn't expect that, but it is great that we have that fast. Users will surely love this. One of the important things is to enable fiat. Im not sure what's going on with the price currently either, it's shot up massively in the past few days! Went from like $0.02 to something like $0.06 at one point?! |
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I’m interested to see adoption for this take off it’s a unique concept I think the biggest challenge won’t even be from the project but from the negative view people have of crypto lending people stupidly associate anything with lending to be whatever those old bcc and other coins that weren’t actually lending coins
Meanwhile Lendsbay is trying to be real p2p lending which is such a good field that really should be able to grow and expand I’d imagine a lot of people I’ll be interested from both the lending and lender side of things
Yeah, it's a good point. I tried out some crypto lending platforms a few years back and they were rubbish, so many scammers and people defaulting on loans and simply creating new accounts. Will be interesting to see Lendsbay combay this. |
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Today the price is up more than 30% a good sight especially for this project, seems promo on COSS exchange make the price up, hopefully after the distribution of prizes the price is not down too far.
Yeah, I love Bittwatt they are really making a lot of progress I am expecting more improvement from them. Kudos to them yeah, i was really impressed with their beta platform website https://beta.bittwatt.com didn't expect them to have their FIAT > BWT exchange up so quickly as well. |
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I have been looking at the roadmap this morning and it looks like Lendsbay will get a lot done in July. Firstly they will be releasing the beta app for Android/iOS. Then they will develop the legal component and establish the ratings and pricing a mechanism.
It’s a lot to get done, but if they do it all next month then they will be off to a flying start. I have seen a lot of other projects that are trying to do something similar with bringing credit risk to the Blockchain, but these guys look like the real deal, they are putting a lot of emphasis on the legal side of the business and on the underwriting.
It’s a very regulated business and I’m glad to see Lendsbay are taking this seriously with the legal work they are doing. Also the founder/COO Andrey Cheremkhin is a legal professional that has worked in the industry for over 10 years, he will be invaluable to the teams everyday operations.
Thanks for the update. July will be here soon, and I'm really looking forward to the beta. And then it will not be long before we can use the platform. I have some money to lend :-) July is power packed month for LendsBay. Hope everything will go as planned by team and that will give good boost to token sale. July not too far now. This is good see that they are releasing their beta app in July. I'll definitely try that beta app which is available for Android version also. July is just 3 days away. Can't wait to try it out this will surely give the project a boost and no one will be left out considering it'll be released for Android/Ios users is there a confirmed date for the release of the android app beta project? I haven't seen any mention of it yet, and would love to try this out on my phone! |
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Today the price is up more than 30% a good sight especially for this project, seems promo on COSS exchange make the price up, hopefully after the distribution of prizes the price is not down too far.
I think price going up because soon Eva-Energy and one more partners going to use BWT for bill payment. And BWT listing at Houbi exchange will happen soon. Oh wow I must have missed that announcement, they've said that they have additional partners that coming on board? Do you have a link to the article etc with this in it? |
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I've looked at the MVP again, thought there might be an update. But apparently there is none. For this I have discovered how easy it is to add new products to the blockchain, just fill out this form: http://hyperledger.vanig.io:3000/productlisting/add-product.htmlPrice is again only in Vanig, I'm curious if ever a price will be given in Fiat? Vanig team should provide Fiat option as well. Not everyone will use crypto currencies for buying products. im pretty sure that they said that it'll only ever be available in Vanig tokens at the start, which is what will bring in the constant demand for the tokens in the long run. |
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There are a lot of block chain projects in the field of Internet of things. IoT-Chain has a good prospect in this industry. Buying the coin at the bargain price is a good strategy.
Well right now it is at an all time low, this is definitely the right time to buy $ITC. I can't believe it has actually fallen to lower than $0.50. I thought getting it for $1.00 was a bargain! Ultimately this period is very engaging of one's emotions a lot of marketing instability but it presents a unique opportunity - buy opportunity Agree. Fortunately market also down and ITC also approx 0.50$. It was big fall happened in market. I guess this is time to invest and hold your ITC. HODL is the surest thing to do right now with the market falling tokens will be cheap it is wise to watch because am hoping soon there is gonna a rise in the market I ma adding more tokens. Even if it goes down below 0.50 I will keep adding. I believe ITC tokens worth more than current price. I think I will get multiple times returns. I have the same strategy :-) I will soon have some ETH at my disposal. If ITC falls below $ 0.5 again, then I will invest again and then I wait 2-3 years :-) It’s a good technique, I personally think HODLing is overlooked sometimes, too many people try and do too much during a bear market. ITC tokens will be very valuable in the future it’s worth buying now whilst it’s cheap and putting it on your hardware wallet and leaving it to one side. I think investors will get good return within a year. Specially when mainnet launch is near, expected by December 2018. Likewise. I keep seeing the team attending events, providing weekly updates on the state of the project, interacting with the community and holding a strong social media presence. I think come December when the main net is launched, early adopters will be rewarded. |
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Man can’t believe I squandered my time I so think I could have placed high if I had taken the time to do it but I was busy with family stuff and missed it unfortunately Missed it also, procrastination is bad  even though I read about it often on this thread anyway I find solace in the token I purchased. Likewise, I totally forgot this trading competition was on.. That might explain why the price has shot up in the past few hours? People pulling their low sells as they know people will buy to win the trade competition haha |
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Any project like this takes time to get going word of mouth and advertising can only spread so fast not to mention when it comes to exchange the best thing for building trust is time and efficiency so over time more and more people will adapt
Exactly, I hope we can see Bittwatt get listed on some good exchanges and get some good volume traded - more people will be aware of it and hopefully build the community further Yeah, listing on a good exchange help create more awareness about a project. I trust they'll be listed on a good exchange in time I'm confident about the team making good decisions. A good exchange can increase trading volume loads and really raise brand awareness, hopefully we see a good mix for Bittwatt in time. Coss seems to be doing them good so far, and like I saw previously Huobi is in the works, there's just some delays from the exchange for auditing issues, I bet we'll see it listed on their in no time I hope they can finish the audit soon. Huobi is a top exchange and a listing will generate a lot of trading volume and this is good for price increase. As i've said previously, I don't think an exchange alone would mean a 10x increase in price. I think the real first massive boost will be when the platform moves out of the beta, and then when the B2B energy trading platform goes live. |
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What is minimum purchase or investment here and what payment options are available? Also are we eligible for any bonuses or discount?
Minimum 0.01 ETH, you can pay in ETH or BTC. Also you can pay in other currency or fiat money (please contact us for these options). Yes current bonus is ~20% to Pre ICO final price. Definitely worth taking up that 20% bonus, that's still a huge number extra for free. Not much minimum investment either so no excuses not to invest really 0.01 ETH is minimum investment? I think it's very low, I was expecting 0.1 ETH as minimum investment. 20% is cool. That is very low; I personally think it should be higher because the cost of say the kYC and all is more than the value invested. I am not sure what good would setting a very low min would do I completely understand your view point and some what agree ... but all disagree haha. Lets say you were going to invest 1 ETH, you would do this regardless of whether minimum was 0.1 or 1. Lets say I was investing but would only invest 0.3 for example, if the minimum is 0.1 I'm in, if the minimum is 1 then I'm out ... So is it better to have me and many others or not? I completely get that. However going below 0.1 is a bit aggressive if you ask me. You will have spammers in; I know there is a KYC involved and all but it would mean extra measures. I mean the gas would probably take up half the investment . I think a reasonable min should be set that somewhat justifies expense. Oh I must of misread, my apologies. I thought it was 0.1 ETH not 0.01 ETH, in that case I can see your concerns overall for sure. Has this 0.01 ETH been confirmed? Really, 0.01 is the minimum ETH investment for the project, that's like $4.30? That's can't be right lol? At that point surely you'd be spending more on KYC than you'd be getting from someone investing that amount |
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