About Loan Bit
LoanBit is a P2P lending and investments platform with safety fund, especial verification system and cooperation with world-wide arbitrations.
LoanBit is a multi-currency platform that supports everything from fiat currencies to the latest cryptocurrencies. It allows you to send money in an encrypted format and secure it with state-of-the art security measures.
This is a peer to peer network that offers a robust investment platform and allows participants to get a loan in a currency of their choice.
Add to it the integrated exchange available on this P2P lending platform and the worldwide arbitration support, and you have got a winner here.
LoanBit offers an armor of a protection for the lenders. It safeguards the interests of the lenders in the community by covering up to 75% of the loan.
Don’t miss this golden opportunity. Be a part of this revolutionary idea that is all set to transform the world.
Rated on 1 May 2018
Rated on 11 Apr 2018
Rated on 3 Apr 2018
Rated on 2 Apr 2018
Strong team and experienced advisors
Rated on 5 Apr 2018
Rated on 7 Apr 2018
1. Pubic team doesn't look sufficient to deliver a product of that scale. There are probably more people involved, yet we can't verify it.
0. The problem is explained, the solution looks reasonable and even elegant in a couple of aspects.
1. Almost nothing unique, we've reviewed more than 20 similar or very close projects during the past 2 months. There are enough space for several platforms on the market, and it become very regionally diversified. Yet that limits the potential and value of the vision. All will go down to the actual business execution.
2. WP is too brief, some essential parts are missing. For example, legal part is important, especially for the taxation, cross border arbitration and potential lawsuit involvement. Not every unsatisfied client will stay away from the local court, and it is not clear, how would platform deal with it, if it's managers will get a subpoena from the US or Germany.
1. No real MVP yet.
This project has a potential to grow and generate some gain for the early ICO investors. It also has serious marker and operational risks in a long run, so the investment may only be recommended for a short-term flip, if you can get tokens with a substantial bonus.
Improves in the strategy and a better information disclosure may improve this rating.
I will give the answers:
1. LoanBit team is small but each member performs its work in full. I'm sure that we will expand the strain in the near future.
2. There are many similar platforms I agree on, and each of them provides only one function of lending - this is a loan collateral.
We provide 2 types of loan:
- Trade loan (loans for traders - each trader can get a loan up to 80% of his balance)
- Personal loans (custom loans)
3. Legal aspects can very quickly change as the attitude to the crypto currency is changing daily. Therefore, this moment is solved gradually with the review of all the changes.
4. A demo version of the platform is now available https://app.loanbit.org/
Rated on 24 Oct 2017
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TeamApply as an advisor
Idea Market research
Formation of foundersteam Business plan
Start of Platform Development
WhitePaper Landing page
Launch Platformin beta test mode
Launch Identification systemsand work with API partners
Launch theplatform in full mode
Establishing representative office