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Milestones LendLedger

The Future Of Lending

LendLedger is the first blockchain-based open protocol connecting data providers, lenders and borrowers to help small businesses globally unlock the eight trillion dollars in loans they are unable to access today. LendLedger’s founders and advisors have created or led pioneering ventures in emerging markets, including SKS (First microfinance institution to IPO in India), FINO Paytech (70 million clients), and M-PESA in Kenya (largest mobile money provider globally). V.01 of the LendLedger protocol is already in use, powering $30 million in loan disbursements annually for Happy Loans, a licensed lender in India. Lenders leveraging the LendLedger protocol also do not need to hold crypto-assets, thereby significantly reducing barriers to adoption. Our LOANtokens, are used to unlock lending credits on the network and give access for data providers, borrowers and others.

2.9
1 0 expert ratings
Benchy 2.9
KYC
Experts
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Review: coming soon PRO
Unknown
Token
LOAN
Type
Price
1 LOAN = 0.05 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH, BTC, XLM, Fiat
Hard cap
8,000,000 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, UK, China
Visit ICO website
Report

Milestones

1
Milestone 1 (Q4 2018): Demonstration (India-Based Pilot)

By the close of 2018 LendLedger will have released its initial protocol focused on core blockchain functionality.. The co-founders of LendLedger currently own and operate a data-driven Indian lending business which is onboarding loans at a run rate of $30 million annually. This will become our pilot group and we will move all of these loans onto the LendLedger blockchain. In addition, LendLedger will become the first test Credit Node. Credit nodes are essential to the running of the platform: they stake LOANtoken in exchange for Ledger Credit - the stable, non-fungible asset, used to make loans on the platform. For more details please see the LendLedger Technical Paper.

2
Milestone 2 (Q1 2019): India Onboarded

In the first 6 months of 2019 LendLedger will have expanded the pilot platform, built off our existing Indian lending business Happy Loans, and will be operating in the wider Indian market via the second iteration of the LendLedger protocol. Amongst other things this will involve off-chain data exchanges and Credit Nodes in testing with 3rd parties. As the basic software for Lenders and Data Providers will be live there will be a deep focus placed on bringing more actors onto the platform. The project will draw on the extensive relationships our founding team have with Indian institutions such as ICICI Bank, RBL Bank, Yes Bank, HDFC Bank and establishing partnerships like that with the Smart Campaign to assure those on our platform are observing best practice. We aim to have reached a annual run rate of over $50 million at this stage.

3
Milestone 3 (Q2 2019): India + 1 Other Market

After successfully establishing LendLedger in India the team will focus on scaling through expanding into other emerging markets. LendLedger has advisors and Community Experts with valuable experience in our target markets such as Nick Hughes, founder of M-KOPA and Nicole Van Der Tuin Co-Founder and CEO of First Access.

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ICO KYC Report
2 members invited
Gautam Ivatury
Passed
Manish Khera
Passed
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