[ANN][PRE-ICO] LoanBit - P2P lending & investment - page 45.

CanvinGale

member

Activity: 224

Merit: 10

Quote from: wingding on December 21, 2017, 05:18:00 AM

Quote from: LuckyNicky on December 21, 2017, 03:55:35 AM

Quote from: Grol_od on December 21, 2017, 02:39:53 AM

Quote from: investCo on December 19, 2017, 05:03:09 PM

Will there the guarantee for lenders to return their money or a deal on their own risk, what % of the risk?

Thanks for your question and interest in our project.
One of the important advantages of the LoanBit platform is a Safety fund for partial insurance of loan granted on the platform. The investor may look to a partial pay back in case of interaction with an unfair or bad borrower. You are able to get acquinted with the scale of covering in Whitepaper.

To prevent risky deals they also have "Borrower’s Credit Rating"
There will be Percentage of Covering of NonPaid Principal, rank and status of the user

Good decision. Thus, it will be possible to set higher fees for applicants with a low credit rating. In this way, risks can be minimized.

People can choose with their own hands whom to give loan and decide what is the more profitable Wink

wingding

hero member

Activity: 770

Merit: 504

Quote from: LuckyNicky on December 21, 2017, 03:55:35 AM

Quote from: Grol_od on December 21, 2017, 02:39:53 AM

Quote from: investCo on December 19, 2017, 05:03:09 PM

Will there the guarantee for lenders to return their money or a deal on their own risk, what % of the risk?

Thanks for your question and interest in our project.
One of the important advantages of the LoanBit platform is a Safety fund for partial insurance of loan granted on the platform. The investor may look to a partial pay back in case of interaction with an unfair or bad borrower. You are able to get acquinted with the scale of covering in Whitepaper.

To prevent risky deals they also have "Borrower’s Credit Rating"
There will be Percentage of Covering of NonPaid Principal, rank and status of the user

Good decision. Thus, it will be possible to set higher fees for applicants with a low credit rating. In this way, risks can be minimized.

CanvinGale

member

Activity: 224

Merit: 10

Quote from: AleXcreig on December 21, 2017, 05:00:02 AM

Quote from: Kir1to on December 21, 2017, 04:55:50 AM

Quote from: AlexK1m on December 21, 2017, 04:48:49 AM

Why not standard bank deposits? Huh

What's the differ?

Obviously, the bank deposit is the least risky opportunity. In addition, it hardly pays any income.
Sometimes a deposit does not even generate profitability (the money is simply deposited).

I agree. Nowdays Bank are useless and a lot of them has a high fee for borrowers

That is why blockhain and this project so important for the world economy Wink

Thank you Dev Kiss

You can find more information on their web site. The project is quite interesting. this kind of product affordable for you and me and it's more profitable than "old Banks Loans"

AlexK1m

member

Activity: 262

Merit: 10

Quote from: Grol_od on December 21, 2017, 05:02:21 AM

Quote from: AlexK1m on December 21, 2017, 04:48:49 AM

Why not standard bank deposits? Huh

What's the differ?

Thanks for your question and interest in our project.
Please find the main differences and advantages against bank deposits:
1. The level of profitability in P2P lending is higher than for bank deposits.
2. No tax for interest income.
3. You are able to choose the way of investments.
4. Diversification

Thanks for the answer Dev Wink

MikePerry

member

Activity: 294

Merit: 10

Quote from: AleXcreig on December 21, 2017, 05:00:02 AM

Quote from: Kir1to on December 21, 2017, 04:55:50 AM

Quote from: AlexK1m on December 21, 2017, 04:48:49 AM

Why not standard bank deposits? Huh

What's the differ?

Obviously, the bank deposit is the least risky opportunity. In addition, it hardly pays any income.
Sometimes a deposit does not even generate profitability (the money is simply deposited).

I agree. Nowdays Bank are useless and a lot of them has a high fee for borrowers

That is why blockhain and this project so important for the world economy Wink

Thank you Dev Kiss

The real advantage here of LoanBit against their competitor is they are using the technology of blockchain as we know blockchain is the most secured and cannot be hacked.

Grol_od

jr. member

Activity: 53

Merit: 1

Quote from: AlexK1m on December 21, 2017, 04:48:49 AM

Why not standard bank deposits? Huh

What's the differ?

Thanks for your question and interest in our project.
Please find the main differences and advantages against bank deposits:
1. The level of profitability in P2P lending is higher than for bank deposits.
2. No tax for interest income.
3. You are able to choose the way of investments.
4. Diversification

AleXcreig

jr. member

Activity: 313

Merit: 1

Quote from: Kir1to on December 21, 2017, 04:55:50 AM

Quote from: AlexK1m on December 21, 2017, 04:48:49 AM

Why not standard bank deposits? Huh

What's the differ?

Obviously, the bank deposit is the least risky opportunity. In addition, it hardly pays any income.
Sometimes a deposit does not even generate profitability (the money is simply deposited).

I agree. Nowdays Bank are useless and a lot of them has a high fee for borrowers

That is why blockhain and this project so important for the world economy Wink

Thank you Dev Kiss

Kir1to

member

Activity: 168

Merit: 10

Quote from: AlexK1m on December 21, 2017, 04:48:49 AM

Why not standard bank deposits? Huh

What's the differ?

Obviously, the bank deposit is the least risky opportunity. In addition, it hardly pays any income.
Sometimes a deposit does not even generate profitability (the money is simply deposited).

AlexK1m

member

Activity: 262

Merit: 10

Why not standard bank deposits? Huh

What's the differ?

Grol_od

jr. member

Activity: 53

Merit: 1

Quote from: Riedbach on December 20, 2017, 01:07:28 PM

Quote from: MikePerry on December 20, 2017, 11:37:46 AM

Quote from: bervang on December 20, 2017, 09:28:36 AM

Tell me, do I understand the idea of the project correctly? If I have free funds, then I can lend to other users of the project and earn on it. Right?

Yes, you can be the creditor and give someone your money and earn % on it.

Interest on the loan will be set by your company or it will be formed under the market?

Thanks for your question and interest in our project.
The interest rate will be set by borrower in loan application, at first. The investors view the loan application and decide whether to invest or not. The borrower can increase interest rate if his application won't be financed. So we can safely say that the interest rate is set by the market.

boosteroid8

member

Activity: 242

Merit: 11

Quote from: DannyOcean on December 21, 2017, 04:32:29 AM

Quote from: IMarceline on December 21, 2017, 04:23:27 AM

Quote from: 1CryptoSmurf on December 21, 2017, 04:14:35 AM

Quote from: DannyOcean on December 20, 2017, 01:32:56 PM

My congratulations to the team of LoanBit. Many investors are coming and trusting this kind of project, because of the concept that will benefits lots of people. Keep up the good work and we are still looking for more updates from the team.

Exactly, let's hope that this ico hits the market soon, with their low cost but quality services for sure it will create an uproar on the banking industry.

Well. I think also that they need to add some more details in their whitepaper. Maybe they should include about the assurance of the future users with regards to hacking and also the pricing of this app/product. It will be convenient for us the future users and for the investors.

With respect, sir, I disagree. I think they have anderstandable plan and strategy. We just must keep calm and wait for the news of the development.

I my opinion this is amazing project with interesting future. We will see like it will grow because and their service is very useful for many users in the world! People need loans for different things, business etc.

DannyOcean

member

Activity: 140

Merit: 10

Quote from: IMarceline on December 21, 2017, 04:23:27 AM

Quote from: 1CryptoSmurf on December 21, 2017, 04:14:35 AM

Quote from: DannyOcean on December 20, 2017, 01:32:56 PM

My congratulations to the team of LoanBit. Many investors are coming and trusting this kind of project, because of the concept that will benefits lots of people. Keep up the good work and we are still looking for more updates from the team.

Exactly, let's hope that this ico hits the market soon, with their low cost but quality services for sure it will create an uproar on the banking industry.

Well. I think also that they need to add some more details in their whitepaper. Maybe they should include about the assurance of the future users with regards to hacking and also the pricing of this app/product. It will be convenient for us the future users and for the investors.

With respect, sir, I disagree. I think they have anderstandable plan and strategy. We just must keep calm and wait for the news of the development.

Grol_od

jr. member

Activity: 53

Merit: 1

Quote from: CanvinGale on December 20, 2017, 11:44:23 AM

Crypto-lending allows investors to provide loans directly, without bank participation and a difficult procedure to collect documents.
What are your advantages over competitors?

Thanks for your question and interest in our project.
While LoanBit has a number of interesting and exciting features, for me the most exciting and innovative aspects are the safety fund and integrated exchange.
The safety fund gives investors more assurance. The investor understands that the platform is ready and will share the risks with him and is liable for unpaid loans. The platform verifies the borrower, checks loan applications and allows the application with minimum risk, as we understand that safety is a large concern for investors.
The second aspect is the internal exchange, with a competitive commission. I suppose it will be very convenient for investors and borrowers to work on the same platform, both with the exchange of funds or trading as well as lending and investing.

IMarceline

member

Activity: 167

Merit: 10

Quote from: 1CryptoSmurf on December 21, 2017, 04:14:35 AM

Quote from: DannyOcean on December 20, 2017, 01:32:56 PM

My congratulations to the team of LoanBit. Many investors are coming and trusting this kind of project, because of the concept that will benefits lots of people. Keep up the good work and we are still looking for more updates from the team.

Exactly, let's hope that this ico hits the market soon, with their low cost but quality services for sure it will create an uproar on the banking industry.

Well. I think also that they need to add some more details in their whitepaper. Maybe they should include about the assurance of the future users with regards to hacking and also the pricing of this app/product. It will be convenient for us the future users and for the investors.

Grol_od

jr. member

Activity: 53

Merit: 1

Quote from: bervang on December 20, 2017, 09:37:18 AM

Quote from: dimon2307 on December 20, 2017, 09:31:12 AM

Quote from: bervang on December 20, 2017, 09:28:36 AM

Tell me, do I understand the idea of the project correctly? If I have free funds, then I can lend to other users of the project and earn on it. Right?

Good question. I started to study the documents of the project, I think there is an answer. But I think that it is possible, it would be logical.

Then there is a logical question of how not to get on the swindler? Or will the project act as guarantor of transactions?

Thanks for your question and interest in our project.
LoanBit platform will verify loan applications in order to relieve the investor from viewing absurd and unreasonable applications. There also is Safety fund for partial insurance of loan granted on the platform.

1CryptoSmurf

member

Activity: 189

Merit: 10

Quote from: DannyOcean on December 20, 2017, 01:32:56 PM

My congratulations to the team of LoanBit. Many investors are coming and trusting this kind of project, because of the concept that will benefits lots of people. Keep up the good work and we are still looking for more updates from the team.

Exactly, let's hope that this ico hits the market soon, with their low cost but quality services for sure it will create an uproar on the banking industry.

LuckyNicky

member

Activity: 252

Merit: 10

Quote from: Grol_od on December 21, 2017, 02:39:53 AM

Quote from: investCo on December 19, 2017, 05:03:09 PM

Will there the guarantee for lenders to return their money or a deal on their own risk, what % of the risk?

Thanks for your question and interest in our project.
One of the important advantages of the LoanBit platform is a Safety fund for partial insurance of loan granted on the platform. The investor may look to a partial pay back in case of interaction with an unfair or bad borrower. You are able to get acquinted with the scale of covering in Whitepaper.

To prevent risky deals they also have "Borrower’s Credit Rating"
There will be Percentage of Covering of NonPaid Principal, rank and status of the user

KateMoss

member

Activity: 320

Merit: 10

Quote from: CanvinGale on December 21, 2017, 03:44:29 AM

Quote from: MikePerry on December 21, 2017, 03:39:56 AM

Quote from: KateMoss on December 19, 2017, 03:45:28 PM

Guys, I don't understand what is P2P Huh

I like the Idea, what about safety? How you protect from hackers?

They are offering a service, called "P2P Lending Service". It is a service based on Blockchain technology that will control and protect loans online.

I agree.

Certainly. If this project is implemented in the best way, then it will be able to get its market share.

Thx Guys! I have read the white paper. I find this project very interesting and I see that company aims to growth and development.

CanvinGale

member

Activity: 224

Merit: 10

Quote from: MikePerry on December 21, 2017, 03:39:56 AM

Quote from: KateMoss on December 19, 2017, 03:45:28 PM

Guys, I don't understand what is P2P Huh

I like the Idea, what about safety? How you protect from hackers?

They are offering a service, called "P2P Lending Service". It is a service based on Blockchain technology that will control and protect loans online.

I agree.

Certainly. If this project is implemented in the best way, then it will be able to get its market share.

MikePerry

member

Activity: 294

Merit: 10

Quote from: KateMoss on December 19, 2017, 03:45:28 PM

Guys, I don't understand what is P2P Huh

I like the Idea, what about safety? How you protect from hackers?

They are offering a service, called "P2P Lending Service". It is a service based on Blockchain technology that will control and protect loans online.

Topic: [ANN][PRE-ICO] LoanBit - P2P lending & investment - page 45. (Read 11284 times)