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 Apr 3, 2018
Rated on May 1, 2018
Rated on Apr 11, 2018
Rated on Apr 5, 2018
Rated on Apr 7, 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 May 27, 2018
This space is getting a bit crowded, but there will be sufficient demand for lending to handle multiple players in this space. The concept is good for two segments of the market. Hodlers and when you are in a bull market. For someone with a short term swing trading view this would not work. I tested this out on another platform. I took out a loan with .2 ETH ($200) and paid it back in 4 days. Because the market was going down at the time I was concerned that my $200 would be worth less by the time I paid my loan off. I would like to see a working prototype or an MVP. The team looks capable and they have a strong advisory team.
Disclaimer:This is not financial advice. Do your own research and do not rely on external ratings to make your final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on Oct 24, 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