LendLedger is the first blockchain-based open protocol connecting data providers, lenders and borrowers to help small businesses globally unlock the eight trillion dollars in loans they are unable to access today. LendLedger’s founders and advisors have created or led pioneering ventures in emerging markets, including SKS (First microfinance institution to IPO in India), FINO Paytech (70 million clients), and M-PESA in Kenya (largest mobile money provider globally). V.01 of the LendLedger protocol is already in use, powering $30 million in loan disbursements annually for Happy Loans, a licensed lender in India. Lenders leveraging the LendLedger protocol also do not need to hold crypto-assets, thereby significantly reducing barriers to adoption. Our LOANtokens, are used to unlock lending credits on the network and give access for data providers, borrowers and others.
Official Youtube Presentation
LendLedger
brings together Borrowers, Lenders, and Data Providers in an open and
decentralized network built on blockchain technology. Our mission is to
solve the $8 trillion funding gap that over 200 million small businesses
face globally as they struggle to demonstrate traditional credit
histories.
As
the only blockchain-powered network that enables borrowers and
financial institutions to transact in their local currency, we’re
building a lending market that is inclusive, trustworthy, and profitable
for all participants. Our software is already powering loans at a rate
of $30 million per year in 400 cities across India and through
blockchain we’re scaling globally.
About LendLedger
LendLedger brings together Borrowers, Lenders, and Data Providers in an open and decentralized network built on blockchain technology. Our mission is to solve the $8 trillion funding gap that over 200 million small businesses face globally as they struggle to demonstrate traditional credit histories. As the only blockchain-powered network that enables borrowers and financial institutions to transact in their local currency, we’re building a lending market that is inclusive, trustworthy, and profitable for all participants. Our software is already powering loans at a rate of $30 million per year in 400 cities across India and through blockchain we’re scaling globally. Our differentiators as a project are:
- Unique Crypto Use: Only lending protocol for institutional (not p2p) fiat-based, MSME lending.
- Operational: LendLedger powers $30MM in lending annually at current pace, with new markets kickstarting.
- Ease of Adoption: Lenders and borrowers on the LendLedger network don’t need to hold or be savvy about crypto.
- Experienced Team: Decades in sector at global bodies (World Bank), banks, payment networks.
Plagiarism
While borrowing ideas from other projects is quite common in the blockchain space, word-for-word plagiarism should not be. And the easiest way to spot plagiarism is by reviewing a project’s whitepapers.
The Wall Street Journal’s analysis of 1,450 ICO’s last year found that 111 repeated entire sections word-for-word from other whitepapers. Indeed, the scam ICO Taichichain, which many believe was run by the same individuals as the StellarSHADE project, was ousted after it uploaded the project XEM’s whitepaper and claimed it as its own. Similarly attention was drawn to StellarSHADE after the FAQ’s they posted on Bitcointalk closely resembled those from Taichichain.
Generally, the strength and level of details of a project’s whitepapers are most commonly referred to as key differentiators, and indicators of overall project quality. So one should always review them in detail. But, for those who don’t have the time, a quick googling of a project’s content can also help spot any that sound too similar to be true.
Why trade Bitcoin and not other Forex?
Easy to enter
To start trading bitcoin and earning money, you really need less than an hour — for the how to steps, just scroll down.
On the other hand, if you want to start trading Forex, opening an takes several weeks. They usually need to follow security measures and send you your the sign-up forms and access code per mail. Not to mention that it takes days until the transferred money from your bank account is arrives at your Forex Broker.
It should be also mentioned that crypto-trading is easy to leave. Just transfer your Bitcoins out of the exchange into your wallet and you are done. We don’t even want to start talking about how nerve-racking it is to quit your broker.
Bigger Spreads
One big difference to Forex are the big spreads. A spread is the difference between ask and bid prices. The ask price is the highest price that someone wants for a given cryptocurrency, this is essentially the buying price. The bid price is the lowest price someone is willing to give you for a given cryptocurrency, this is basically the selling price.
The spread of BTC/USD is intuitively bigger than the one of USD/EUR, since the market is less liquid. There is no rule of thumb, but you should expect that the spread is at least 10 times bigger in the crypto world!
A bigger spread opens up the possibility for the trading strategy called cryptocurrency scalping. Often utilized by market makers.
Other Interesting ICOs
LendLedger replaces the centralized intermediary with an open and decentralized network. The LendLedger protocol allows
anyone to join the network and enables trustworthy exchanges of data directly between parties. Participants maintain
control of their own data and build a reputation on the network. This is possible through LendLedgers’s Open APIs and a
unique digital asset (LOAN) that interacts with a smart contract on a blockchain. In addition, LendLedger will launch tailored
software solutions so users can easily access the ecosystem. For more in-depth technical details, check back for our Technical
Paper launching soon.
Milestones
Milestone 1 (Q4 2018): Demonstration (India-Based Pilot)
By the close of 2018 LendLedger will have released its initial protocol focused on core blockchain functionality.. The co-founders of LendLedger currently own and operate a data-driven Indian lending business which is onboarding loans at a run rate of $30 million annually. This will become our pilot group and we will move all of these loans onto the LendLedger blockchain. In addition, LendLedger will become the first test Credit Node. Credit nodes are essential to the running of the platform: they stake LOANtoken in exchange for Ledger Credit — the stable, non-fungible asset, used to make loans on the platform. For more details please see the LendLedger Technical Paper.
2:Milestone 2 (Q1 2019): India Onboarded
In the first 6 months of 2019 LendLedger will have expanded the pilot platform, built off our existing Indian lending business Happy Loans, and will be operating in the wider Indian market via the second iteration of the LendLedger protocol. Amongst other things this will involve off-chain data exchanges and Credit Nodes in testing with 3rd parties. As the basic software for Lenders and Data Providers will be live there will be a deep focus placed on bringing more actors onto the platform. The project will draw on the extensive relationships our founding team have with Indian institutions such as ICICI Bank, RBL Bank, Yes Bank, HDFC Bank and establishing partnerships like that with the Smart Campaign to assure those on our platform are observing best practice. We aim to have reached a annual run rate of over $50 million at this stage.
3:Milestone 3 (Q2 2019): India + 1 Other Market
After successfully establishing LendLedger in India the team will focus on scaling through expanding into other emerging markets. LendLedger has advisors and Community Experts with valuable experience in our target markets such as Nick Hughes, founder of M-KOPA and Nicole Van Der Tuin Co-Founder and CEO of First Access.
Team
Advisors
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