https://medium.com/@lendsbayio/lendsbay-and-modultrade-join-forces-in-a-financing-and-social-rating-jv-e48e231fe1e3
This is a brilliant partnership because it brings in a brand new customer base for Lendsbay. MT Market's business plan is to offer a trading platform for businesses and they can introduce these businesses to Lendsbay.
Lendsbay will be able to help MSME's facilitate loans from other businesses or individuals.
It benefits ModulTrade because lending is another service they can provide to their client base of MSME's on their MT Market.
Oh wow nice. I think partnerships are going to be incredibly important moving forward, people need to stop seeing themselves as 'Us Vs them' and realize that by working together they may be able to solve issues they couldn't previously, and reach a large audience, win win.
I agree, I saw a report that stated most ICOs 'die' around 4 months after their token sales end. Therefore MT & Lendsbay combining their efforts and working together will help improve their chances of becoming a successful & long-term business.
4 months? that's sad. I always plan to keep new tokens for a year or more. I hope I only got good ICOs. I'm actually very optimistic about Lendsbay
I think that is mostly attributed to the bad team and execution. many ICOs or people who run the ICOs lack the skills to run a company for that many die. It is crucial checking out the team first.
But it's not just about the team. it's also about if a project is completely viable. obviously at ICO stage a lot of people are interested in projects mainly to try and make money. a lot of those are for short term so once investors cash out you find people tend to then not be actively involved in the project thus causing them to close earlier than anticipated. we have seen the same kind of thing with well established high street companies as of late.