⚡️⚡️⚡️[ANN] [PRE-ICO] LendsBay | Credit ecosystem

[mt55]

So can this application only be used by trusted people in my social group? Since there is no contract, how can I lend to someone who is not in my social group and be sure that I will receive the loan in the future?

If this is true wouldn't that limit the scope of the application significantly? I thought this is supposed to become a globally distributed business where anyone can lend money to anyone.

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[phantam]

So can this application only be used by trusted people in my social group? Since there is no contract, how can I lend to someone who is not in my social group and be sure that I will receive the loan in the future?

If this is true wouldn't that limit the scope of the application significantly? I thought this is supposed to become a globally distributed business where anyone can lend money to anyone.

As I understand it it’s a distributed global consensus for loans I believe I mean I’d imagine their will be some form of restrictions due to legal issues and restrictions perhaps but don’t see why that wouldn’t be the case

[em777]

So can this application only be used by trusted people in my social group? Since there is no contract, how can I lend to someone who is not in my social group and be sure that I will receive the loan in the future?

If this is true wouldn't that limit the scope of the application significantly? I thought this is supposed to become a globally distributed business where anyone can lend money to anyone.

definitely but I believe they would start with a small portion of the society hopefully in the future they can expand to the global stage

[CryptoBeefy]

So can this application only be used by trusted people in my social group? Since there is no contract, how can I lend to someone who is not in my social group and be sure that I will receive the loan in the future?

If this is true wouldn't that limit the scope of the application significantly? I thought this is supposed to become a globally distributed business where anyone can lend money to anyone.

definitely but I believe they would start with a small portion of the society hopefully in the future they can expand to the global stage

Lot's pf projects that are released are at first in specialised sectors etc ... It's like a tiered and phased release. I'm sure the team would like to get it out the door and available to as many as possible though

[Mr. Boat]

The premine can and will be used to dump, lending platforms do not work as they eventually come undone due to not being able to keep up the interest rates with the ponzi and will eventually diminish its reserves.

Ever since the Bitconnect and clone lending saga ended last year users are still trying to relive that dream

[gee777]

So can this application only be used by trusted people in my social group? Since there is no contract, how can I lend to someone who is not in my social group and be sure that I will receive the loan in the future?

If this is true wouldn't that limit the scope of the application significantly? I thought this is supposed to become a globally distributed business where anyone can lend money to anyone.

definitely but I believe they would start with a small portion of the society hopefully in the future they can expand to the global stage

Lot's pf projects that are released are at first in specialised sectors etc ... It's like a tiered and phased release. I'm sure the team would like to get it out the door and available to as many as possible though

I don't see it just limited to a social group for each individual but for everyone globally. I just hope there won't be any loopholes in the LendsBay system to be used by fraudulent beings.

[Q1Z7Y]

I've been following you on Twitter and, gotta say, your latest write-up, "Scoring yesterday, today and tomorrow", it was amazing. So well-written I kinda had to re-read it a couple of times, hahaha, I'm a big fan of your project, by the way.

[Ace44]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

[em777]

I've been following you on Twitter and, gotta say, your latest write-up, "Scoring yesterday, today and tomorrow", it was amazing. So well-written I kinda had to re-read it a couple of times, hahaha, I'm a big fan of your project, by the way.

Yeah, same here I will urge you to reqd their white paper you will sincerely appreciate the solution they are preaenting. I love the project

[CryptoBeefy]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

Fingers crossed for the soft cap to be reached as a minimum, be a shame not to hit target. The market leaves a bit of uncertainty at the moment, like is the rise going to hold and continue or is it going to be over as quick as it started?

[jamzzz123]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

Fingers crossed for the soft cap to be reached as a minimum, be a shame not to hit target. The market leaves a bit of uncertainty at the moment, like is the rise going to hold and continue or is it going to be over as quick as it started?

Well, with the current raisings, only around 50k short of the softcap, so I think the soft cap will be hit as a minimum - I'm not sure about the hardcap although there is still 8 days left and alot of investors like to leave it till the last minute

[cryptossi]

The premine can and will be used to dump, lending platforms do not work as they eventually come undone due to not being able to keep up the interest rates with the ponzi and will eventually diminish its reserves.

Ever since the Bitconnect and clone lending saga ended last year users are still trying to relive that dream

It’s not really a lending platform, it’s a platform that facilitates friends and family making loans between themselves.

I do not know a lot about the premine but I trust this team and I’m sure the funds will be used for listing on exchanges and development of core features.

[faulerwilli]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

Fingers crossed for the soft cap to be reached as a minimum, be a shame not to hit target. The market leaves a bit of uncertainty at the moment, like is the rise going to hold and continue or is it going to be over as quick as it started?

Well, with the current raisings, only around 50k short of the softcap, so I think the soft cap will be hit as a minimum - I'm not sure about the hardcap although there is still 8 days left and alot of investors like to leave it till the last minute

I think if they had finished the app earlier, then they would have found more investors.
Since the apps for iOS and Android still take a few weeks, the big revenue will probably come only at the public sale.

[Zombie259]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

Fingers crossed for the soft cap to be reached as a minimum, be a shame not to hit target. The market leaves a bit of uncertainty at the moment, like is the rise going to hold and continue or is it going to be over as quick as it started?

Well, with the current raisings, only around 50k short of the softcap, so I think the soft cap will be hit as a minimum - I'm not sure about the hardcap although there is still 8 days left and alot of investors like to leave it till the last minute

I think if they had finished the app earlier, then they would have found more investors.
Since the apps for iOS and Android still take a few weeks, the big revenue will probably come only at the public sale.

You are right mate, if they release the apps, then will more investors come. Most of them need a working product before start buying into new projects.

[RyCriptoC]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

Fingers crossed for the soft cap to be reached as a minimum, be a shame not to hit target. The market leaves a bit of uncertainty at the moment, like is the rise going to hold and continue or is it going to be over as quick as it started?

Well, with the current raisings, only around 50k short of the softcap, so I think the soft cap will be hit as a minimum - I'm not sure about the hardcap although there is still 8 days left and alot of investors like to leave it till the last minute

I think if they had finished the app earlier, then they would have found more investors.
Since the apps for iOS and Android still take a few weeks, the big revenue will probably come only at the public sale.

You are right mate, if they release the apps, then will more investors come. Most of them need a working product before start buying into new projects.

Yes, there are lot of ICOs now and investors selecting specific projects which has either working product or at at least have MVP.

[chan001]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

It's actually 9days remaining and 50k left to reach this softcap. The sale has slowed down a bit, but i have hope that they will be able to reach their softcap.

it might be because in the past couple of the days there's been a pretty good positive movement in the market, so people may be wanting to keep hold of their ETH and BTC to wait and see what happens.

Yea, the market is really unpredictable at the moment and a lot are just skeptical on where the trend will move, as even analysts find it hard to pin point the next movement of the charts but the fact is, cryptocurrency has grown bigger than expected and a lot of people have come to terms that its indeed something to consider been part of

Fingers crossed for the soft cap to be reached as a minimum, be a shame not to hit target. The market leaves a bit of uncertainty at the moment, like is the rise going to hold and continue or is it going to be over as quick as it started?

Well, with the current raisings, only around 50k short of the softcap, so I think the soft cap will be hit as a minimum - I'm not sure about the hardcap although there is still 8 days left and alot of investors like to leave it till the last minute

I think if they had finished the app earlier, then they would have found more investors.
Since the apps for iOS and Android still take a few weeks, the big revenue will probably come only at the public sale.

You are right mate, if they release the apps, then will more investors come. Most of them need a working product before start buying into new projects.

Yes, there are lot of ICOs now and investors selecting specific projects which has either working product or at at least have MVP.

Just 8 days left and LendsBay still need 50k USD for softcap. One big push in marketing needed LendsBay team.

[Owillz]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

I don't think every investor will be happy with an extension, lately a lot of ICO's have been extending their projects and people have lost their faith in them.

Every one might not be happy with it but when it becomes a thing of  necessity they will just have to bear with and let the extension run through. They capital is needed to complete the project you know.

[RyCriptoC]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

I don't think every investor will be happy with an extension, lately a lot of ICO's have been extending their projects and people have lost their faith in them.

Every one might not be happy with it but when it becomes a thing of  necessity they will just have to bear with and let the extension run through. They capital is needed to complete the project you know.

If the team is working on products and if they think they can deliver what they promised then I am happy even though they extend the ICO/pre-sales end date.

[1mile]

Lendsbay has successfully raised $200 thousand, which is still some time away from the end of public sales. I believe it will break through this figure.

Exactly, I am also expecting same. Only 9 days are remains to hit their remaining 50k USD fund. This is not a big deal for lendsbay.

Even if they don't make the $50k worst case they will just extend and carry on with the project. but i have faith they will make the $50k easily.

Exactly they could extend pre ICO dates if they not reach target 250$k. But I am also expecting that they will reach in remaining 8 day's.

I don't think every investor will be happy with an extension, lately a lot of ICO's have been extending their projects and people have lost their faith in them.

Every one might not be happy with it but when it becomes a thing of  necessity they will just have to bear with and let the extension run through. They capital is needed to complete the project you know.

If the team is working on products and if they think they can deliver what they promised then I am happy even though they extend the ICO/pre-sales end date.

Good point if view

[ethtrader16]

Watch the interview of LendsBay - CEO Anton Gazizov Interview With Dushan Spalevich for ICO TV

https://twitter.com/LendsBay/status/1019272653402722304