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Lendingblock
Borrow and Lend Any Digital Currency
Lendingblock is a platform that facilitates peer-to-peer borrowing and lending of cryptocurrencies and digital assets. The first cross-blockchain crypto-to-crypto based platform, we are revolutionsing the cryptomarket by bringing securities lending and institutional grade capabilities to the cryptoeconomy. With private investors including AlphaBlock, GlobalBlockchain, Astronaut Capital and Fengshui Capital, Lendingblock has met its private sale investment targets. Founded by a team of experts from the fintech, and traditional trading space including Deloitte, Credit Suisse, Deutsche Bank, crypto-enthusiasts and blockchain experts, Lendingblock is a critical innovation for the future of the financial landscape.
Lendingblock is an open exchange for borrowing and lending cryptocurrencies and digital assets. It allows borrowers and lenders to enter into fully collateralised crypto vs crypto lending agreements. Lenders can earn incremental interest income on their long term investment in digital assets, while borrowers can use their digital assets as collateral to enable borrowing to support shorter term trading, hedging and working capital needs. Lendingblock is creating a parallel financial service for the crypto economy to securities lending in traditional capital markets, a market that has $2trn of assets on loan and generated $4bn of revenue in 2017. This white paper will be released and extended incrementally in advance of the announcement of the token sale on 9 March, 2018.
Lendingblock is a protocol and platform designed to enable and encourage borrowing and lending within the crypto financial system, bringing the economic benefits of lending (increased spending and growth, connecting capital supply and demand) to the distributed blockchain economy, but minimising the need for inefficient intermediaries that are unnecessary in the cryptographic asset environment.
Team need to pass KYC and respond to get this done. They probably didnt see it in the mails, same happened to many, but needs fixing. Saw this project reviewed by one of the top youtubers Keith Wareing who has a pretty impressive track record on calling the good ones. Good backers here, competitive niche but could be in a nice spot
Founder,CEO at PrimeTradeAI uses AI Blockchain Trading ICO | Crypto 8 year Rated on Jun 6, 2018
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*Description: Lendingblock is a protocol and platform designed to enable and encourage borrowing and lending within the crypto financial system, bringing the economic benefits of lending (increased spending and growth, connecting capital supply and demand) to the distributed blockchain economy, but minimising the need for inefficient intermediaries that are unnecessary in the cryptographic asset environment.
Lendingblock is creating the market and financial infrastructure for securities lending in the crypto-economy. The value of securities on loan in the securities lending marketplace has reached $2trn in 2017, this makes up 12% of all stocks and bonds in circulation. It is expected that the market of cryptocurrencies and digital assets will follow a similar evolution in the credit markets with regards to financing but with a faster rate of adoption given the transparency and fluidity of the market.
Lendingblock will be the first exchange for crypto asset backed loans that meets the needs of institutional and individual borrowers and lenders in the crypto-economy.
Primetrade.AI speculation report says the response is average for this.
*HardCap: $10 Million USD
*Token Supply: 1 Billion
*Tokens for Sale: 600 Million
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