Overview

  • Country United Kingdom, China, Switzerland, USA
  • CategoryTrading & Investing/ Lending Platform

Lendingblock is an open exchange for cryptocurrency loans, where borrowers and lenders are instantly matched in simple, safe and transparent way.

Project stage

Prototype

Detailed description

Lendingblock is a protocol and platform designed to enable and encourage borrowing and lending within the crypto financial system, bringing the economic benefits of lending (increased spending and growth, connecting capital supply and demand) to the distributed blockchain economy, but minimising the need for inefficient intermediaries that are unnecessary in the cryptographic asset environment.

Lendingblock is creating a parallel financial service for the crypto economy to securities lending in traditional capital markets, a market that has $2trn of assets on loan and generated $4bn of revenue in 2017. 



Problem

  • Margin Lending 

Numerous exchanges offer the ability to do margin lending on their own exchange platforms. However, these loans are self-contained on centralised platforms making it impossible for the borrowed funds to leave the platform. This diminishes the ability for borrowers to enter into any sophisticated trading or arbitrage strategies. Borrowers and lenders are also highly dependent on the security and availability of exchanges, making their funds susceptible to exchange insolvencies or outages. 

  • Crypto to Fiat

Lending Lending conventional currencies secured by cryptocurrencies is a service offered by a small number of new businesses. However, high levels of fiat-crypto volatility mean that levels of collateralisation required are significantly higher than crypto vs crypto where correlations are higher, and fiat integration is fundamentally more complex than a model which focuses purely on digital assets. 

  • Credit score lending

Credit score based lending services including those that rely on trusted lending circles and networks, are manual services that involve high levels of disclosure of personal information, and are primarily focused on small scale consumer loans.

While there is value in the emergence of all lending services, there are significant limitations to the application of margin, fiat and credit score based loans, particularly from the perspective of institutional borrowers. At Lendingblock, we believe that creating the financial infrastructure for blockchain based securities lending will address a critical and unserved need.

Solution

Lendingblock is creating an open exchange for borrowing and lending crypto-assets. Holders of digital assets will be able to generate stable and secure returns without sacrificing the benefits of ownership, and borrowers who hold digital assets will be able to use these digital assets as collateral to borrow at market rates to support funding, hedging or investing strategies.

The end users of Lendingblock will be entities looking to borrow or lend cryptocurrency assets. These entities, whether retail or institutional will fall under two categories - lenders and borrowers.

Lenders:

Lenders using Lendingblock will include institutional lenders, such as asset managers, hedge funds, and family offices; and individual participants in “crowd lending” who can gain access to lending opportunities not currently available to them directly;

  • will be able to generate incremental interest income from their portfolio of assets without sacrificing the long-term benefits of ownership; and
  • will have the security and protection of full collateralisation and automatic application of lending default terms.

Borrowers:

  • will be typical of users of existing securities lending, including hedge funds, investment managers, market makers, and proprietary traders;
  • will have a need to borrow digital assets for mutiple purposes.

Features

The Lendingblock platform is a self-contained ecosystem for fully collateralised borrowing and lending of crypto assets. It is comprised of:

Exchange
An open, real-time exchange linking borrowers and (multiple) lenders that transparently provides best execution for both parties at the market clearing interest rates.

Smart Contract System
A smart contract based operational system that implements the terms of the lending agreement created by the exchange, including initial transfer, interest payments, collateral management, default processing, and repayment.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : LND
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 10,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :5,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 LND
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :550,000,000 LND
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Immediate token disribution

    Unsold tokens

    Will be burned

      • Token Distribution

          Vesting notes

          • Founders: 20% vest on latter of issue or hire date
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      15 Apr 15:00 UTC
      18 Apr 11:00 UTC
      0.02 USD No Max 47.87529 ETH 5,000,000 USD 10,000,000 USD
      Pre-sale — Ended
      07 Apr 15:00 UTC
      14 Apr 15:00 UTC
      0.01667 USD 20% - Uncapped Uncapped
      Private sale — Ended
      Start Soon
      NA No - Uncapped Uncapped
      Pre-sale

      20 % bonus

      Read more about vesting and bonus
      • Team

        • Linda Wang photo
          Linda Wang
          Co-founder
        • Steve Swain photo
          Steve Swain
          CEO and Co-Founder
        • Luca Sbardella photo
          Luca Sbardella
          CTO
      • Advisors

      Roadmap

      • Oct 2017

        Original Vision

      • Nov 2017

        Customer Validation

      • Jan 2018
        Design

        Incorporation

      • Feb 2018
        Prototype

        Private Sale

      • Mar 2018
        Exchange MVP

        Regulatory Application

      • Apr 2018
        ICO

        Smart Contract MVP

      • May 2018
        Alpha Testing

        Regulatory Feedback

      • Jun 2018
        Integration

        Customer Sign Up

      • Jul 2018
        Beta Testing

        Regulatory Approval

      • Aug 2018
        Production

        Launch

      Activity