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

[FarmFrenzy]

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.

Isn't this "social group" just a feature that can be set up by the user himself? I thought a concept is a getting usual loans globally with the possibility to limit the circle of people who can interact with you.

[ctrades31]

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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

[ganeshramk]

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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

I agree. Team needs more social media presence. However they are reaching 200K now. Just 50K needed for softcap. Fingers crossed.

[ibininja]

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.

Isn't this "social group" just a feature that can be set up by the user himself? I thought a concept is a getting usual loans globally with the possibility to limit the circle of people who can interact with you.

I think it is more of a feature plus it would not really matter much since the platform handles all operations and nothing is expected to be physical.

[nesh1]

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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

I agree. Team needs more social media presence. However they are reaching 200K now. Just 50K needed for softcap. Fingers crossed.

I agree i always watch on social media of a project to see of they have updated something, it is always amazing to see that they indeed posted something interesting.

[tevez_86]

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

Exactly! as they say Rome wasn't built in a day and also good things come to those who wait.

[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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

I agree. Team needs more social media presence. However they are reaching 200K now. Just 50K needed for softcap. Fingers crossed.

I agree i always watch on social media of a project to see of they have updated something, it is always amazing to see that they indeed posted something interesting.

I'm confident they will hit the softcap atleast considering there is over 8 days left and only 250k to raise. It's such a small cap

[cryptossi]

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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

Yeah the promotion has been a bit lacklustre considering if they do not hit their softcap then they will not be able to proceed with the development of the project. So I kind of don't get why Lendsbay aren't treating this with more urgency.

[ctrades31]

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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

I agree. Team needs more social media presence. However they are reaching 200K now. Just 50K needed for softcap. Fingers crossed.

I agree i always watch on social media of a project to see of they have updated something, it is always amazing to see that they indeed posted something interesting.

200K received is really good progress and 50K is not big deal for them in remaining 8 days. But they need more activity on their social medias.

[ethtrader16]

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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

I agree. Team needs more social media presence. However they are reaching 200K now. Just 50K needed for softcap. Fingers crossed.

I agree i always watch on social media of a project to see of they have updated something, it is always amazing to see that they indeed posted something interesting.

I'm confident they will hit the softcap atleast considering there is over 8 days left and only 250k to raise. It's such a small cap

I am also sure that they will e reach their remaining amount. But, still have same question if they will not reach that amount in 8 days then what next steps will be taken by them?

[faulerwilli]

A question about the groups that can be created. That one can lend each other something is clear. But will it be possible to lend something to a friend together with others? So suppose he needs 10k, can 3 people borrow 3,333 in one contract?

[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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

I agree. Team needs more social media presence. However they are reaching 200K now. Just 50K needed for softcap. Fingers crossed.

I agree i always watch on social media of a project to see of they have updated something, it is always amazing to see that they indeed posted something interesting.

I'm confident they will hit the softcap atleast considering there is over 8 days left and only 250k to raise. It's such a small cap

I am also sure that they will e reach their remaining amount. But, still have same question if they will not reach that amount in 8 days then what next steps will be taken by them?

If they don't reach the softcap (what I exclude), then all purchased tokens will be refunded. But keep in mind, that they hire new employees. Therefore I think that they will go on with the project.

[nesh1]

A question about the groups that can be created. That one can lend each other something is clear. But will it be possible to lend something to a friend together with others? So suppose he needs 10k, can 3 people borrow 3,333 in one contract?

I think it would be possible if one takes a loan from all 3 friends, and not as a group as he will need to pay them all 3 back the same amount.

[gee777]

A question about the groups that can be created. That one can lend each other something is clear. But will it be possible to lend something to a friend together with others? So suppose he needs 10k, can 3 people borrow 3,333 in one contract?

This is actually a good question. I never thought of it. But i think it should be possible but i do not think a group will have to be created for it.

[FarmFrenzy]

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.

Isn't this "social group" just a feature that can be set up by the user himself? I thought a concept is a getting usual loans globally with the possibility to limit the circle of people who can interact with you.

I think it is more of a feature plus it would not really matter much since the platform handles all operations and nothing is expected to be physical.

Ya, I think so too. No need to make unnecessary synthetic restrictions when everything can work properly without it.

[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.

9 days is enough to reach soft cap given the right investors comes through, nonetheless I believe purchase of token will increase in coming day considering FOMO

I guess they should be more active on their social media or marketing. I seen that very less updates/posting on their twitter pages.

Yeah the promotion has been a bit lacklustre considering if they do not hit their softcap then they will not be able to proceed with the development of the project. So I kind of don't get why Lendsbay aren't treating this with more urgency.

Yea but lets hope things will take a new shape as the day goes by, a lot of activities are happening in the crypto space that takes the attention of the community off
any project that is not strong enough in terms of promotions, so its of utmost importance that they take things really seriously in order to meet the expectations of the community and investors

[Nathan01]

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.

oh no, please no extension! I can not see any extensions anymore. Every ICO I've been through lately went into extra time. That's really annoying. The market is recovering and enough investors should be back

Extension at this time is extremely demotivating, better don't start the ICO at all than start and have an extension or a pause, I don't expect LendsBay to do any

[Darkoth89]

A question about the groups that can be created. That one can lend each other something is clear. But will it be possible to lend something to a friend together with others? So suppose he needs 10k, can 3 people borrow 3,333 in one contract?

This is actually a good question. I never thought of it. But i think it should be possible but i do not think a group will have to be created for it.

Oh that's pretty cool.. If that's possible it gives the option to crowdfund lending to people or projects.. pretty cool idea right there. I guess we'll need to read more into that.

[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.

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.

You can only speak for your self you know, some persons are so impatient that they  might  not like waiting for ico sales period for too long

[Corleone100]

A question about the groups that can be created. That one can lend each other something is clear. But will it be possible to lend something to a friend together with others? So suppose he needs 10k, can 3 people borrow 3,333 in one contract?

I don’t think a group must be created, I think it will be more better if one can take loan from all three friends and then pay them back individually.