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  • MARKET CAP $286B
  • ICOs 4,234


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The LendsBay system creates a new approach to loans between people, solving the problems such as: No formal loan records: disputes arise about repayment dates, terms and conditions; no reminders are sent; No contract: there is no mechanism for judicial enforcement of debt repayment; No market-based mechanism for determining interest rates: the market is either larger or smaller than its potential; No tools for risk management: no credit rating, diversification, insurance. ⠀ ⠀ We offer the following step-by-step solution to the above-mentioned problems: Creating an app to manage loans between relatives, friends and acquaintances: the app is used to find a lender and then to record, document and administer (e.g. send out reminders) the loan; Creating social groups (so-called bays) to pool financial resources through mutual lending, e.g. there are social groups centred around work, universities and social clubs that already have a certain level of trust, common values and a high degree of social control, not to mention little tolerance for irresponsible behaviour; Creating a blockchain to store individuals' credit-rating information (LBR); Using the blockchain for any financial transactions between individuals (non-credit assessment) (LBU); Developing the elements of an ecosystem for financial relations: mutual insurance; purchasing, selling or leasing items; and decision-making systems. ⠀ LendsBay team have already developed a functional and ready-to-use alpha version of the application.
Website: Visit
White paper: Read
Bounty: Bounty
MVP: View
ICO Time: 7 Oct, 2018 - 29 Oct, 2018
Country: Russia
Token Info
Ticker: LBT
Platform: Ethereum
Token type: ERC20
Available for sale: 75,000,000 LBT (75%)
ICO Price: 1 LBt = 0.0006 ETH
Accepting: ETH, BTC
Soft cap: 250,000 USD
Hard cap: 1,500,000 USD
Social Media
  • 1


    Createding a web prototype. Market research. UX testing. Builtding a financial model. Developed the server and user part of the application.

  • 2

    JUNE 2018

    Conducting a pre-ICO.

  • 3

    JULY 2018

    Release of the beta version of the app for Android/iOS. Developing the legal component (loan agreements, lawsuits, debt collectors). Establishing ratings and pricing mechanisms.

  • 4

    SEPTEMBER 2018

    Carrying out an ICO. Converting tokens, connecting to the app. Adaptation for Telegram. Connecting to a credit bureau. Connecting to telecoms/online credit history providers. Entry into the UK and US markets.

  • 5

    MARCH 2019

    Creating social groups: Co-workers/University. Linking to a payment system. Implementing the social ratings system (proximity rating). Implementing the behavioural ratings system. Creating an API. Entering developing markets.

  • 6

    SEPTEMBER 2019

    Implementing the blockchain ratings system (LBR): distributed accounting and storage of ratings data. Constructing a ratings model based on multiplicity of data. Providing the suppliers of goods and services with secure access to the ratings system data to create their own ratings. Granting financial organisations secure access to ratings data.

  • 7

    FEBRUARY 2020

    Creating a universal rating for economic relations (LBU). Creating various ecosystem elements. Building a consolidated ecosystem of transparent relationships.

Alexander Koptelov

Founder, CEO

Anton Gazizov

Founder, CFO/IR

Andrey Cheremkhin

Founder, COO

Lyudmila Lukashova

Founder, Risk

Vladimir Gorbunov


Daria Batamirova

Marketing strategy

Kristina Shilova


Angelica Phillips

UK Market

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