LendsBay

LendsBay

Ended Airdrop
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The LendsBay system creates a new approach to loans between people, solving the problems such as: No formal loan records: disputes arise about repayment dates, terms and conditions; no reminders are sent; No contract: there is no mechanism for judicial enforcement of debt repayment; No market-based mechanism for determining interest rates: the market is either larger or smaller than its potential; No tools for risk management: no credit rating, diversification, insurance.
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We offer the following step-by-step solution to the above-mentioned problems: Creating an app to manage loans between relatives, friends and acquaintances: the app is used to find a lender and then to record, document and administer (e.g. send out reminders) the loan; Creating social groups (so-called bays) to pool financial resources through mutual lending, e.g. there are social groups centred around work, universities and social clubs that already have a certain level of trust, common values and a high degree of social control, not to mention little tolerance for irresponsible behaviour; Creating a blockchain to store individuals' credit-rating information (LBR); Using the blockchain for any financial transactions between individuals (non-credit assessment) (LBU); Developing the elements of an ecosystem for financial relations: mutual insurance; purchasing, selling or leasing items; and decision-making systems.
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LendsBay team have already developed a functional and ready-to-use alpha version of the application.
07 July 2018
End Date
40 LBT
Max. Rewards
β‰ˆ 16 USD
Estimated Value

Airdrop Description

40 LBT tokens tokens per participant

Steps

Complete social tasks (Optional): Join Telegram, follow on Twitter, follow on Medium, like on Facebook, subscribe to Youtube, follow on Instagram
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Requirements

Facebook Account
Twitter Account
Telegram Account
Medium Account
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