[ANN][PRE-ICO] LoanBit - P2P lending & investment

[Genzel]

Hello guys, can you tell me please how is LoanBit different from other lending platforms?

Which platforms exactly do you mean? You mean Salt, CoinLoan, Karma?

[Dominika_Koks]

Hello, nice project!
Sincerely hope it will be more successful than other lending platforms!  

[Grol_od]

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.

[santygo777]

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?

[Grol_od]

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.

[Genzel]

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.

Can you explain please, how that mutual respect and mutual trust will form. Will it be something like trust rating for every member?

[santygo777]

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.

It's great!
But I enjoy using LTC. That's why I wonder when you will add other coins as LTC, for example. I don't need an exact date, but about what period? half a year? 1 or 2 years and so on?

[Maycorn]

Hello, do I need to pass KYC to take a loan on your platform? And if the answer is “yes” then under what conditions?

[Grol_od]

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.

[LoanBit]

Hello, do I need to pass KYC to take a loan on your platform? And if the answer is “yes” then under what conditions?

To get a loan, you will need to undergo verification on the platform.
Raise your credit rating using trusted sites and social networks.
Then your application will be the first system check and the second officer checking platforms.

[Dominika_Koks]

Under the rights of what country you will launch your platform?

[iDrago]

Hello, do I need to pass KYC to take a loan on your platform? And if the answer is “yes” then under what conditions?

To get a loan, you will need to undergo verification on the platform.
Raise your credit rating using trusted sites and social networks.
Then your application will be the first system check and the second officer checking platforms.

What is that verification? Does my social ID needed?

[kapa6ac]

Hello, do I need to pass KYC to take a loan on your platform? And if the answer is “yes” then under what conditions?

To get a loan, you will need to undergo verification on the platform.
Raise your credit rating using trusted sites and social networks.
Then your application will be the first system check and the second officer checking platforms.

What is that verification? Does my social ID needed?

Sure, you need one of the documents, which are always used for person verifiacarion, driver license etc.

[but3rin]

What is the LoanBit coin maximum supply?

[RobertStan]

What is the LoanBit coin maximum supply?

Seems that max supply is 20 million tokens.

[PinoyD]

What is the LoanBit coin maximum supply?

Seems that max supply is 20 million tokens.

Where did you get that? I can not find information about total tokens supply.

[Grol_od]

Under the rights of what country you will launch your platform?

Thanks for you question. Our goal is to register a company in Switzerland.

[kapa6ac]

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?

[MelnikBitok]

Hello guys, can you tell me please how is LoanBit different from other lending platforms?

Perhaps this platform has more serious partners, which will successfully start. ANOTHER active bounty company, should bring results.

[cryptonuim6]

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?