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#Blockchain All projects

LendsBay: Credit ecosystem

System for trusted financial transactions between people based on transparency and blockchain technology

stage Ended crowdsale

3.8 Rating

by 5 users


    • Employees11



    Founder, CEO

    Graduated from the Department of Computational Mathematics and Cybernetics at Lomonosov Moscow State University, Master's in Finance from the New Economic School in Moscow. Banking experience includes seven-plus years in market risk, three-plus years in IT and four-plus years in corporate finance at Zerich Bank, Alfa Bank and Raiffeisen Bank. Associate director of Sberbank CIB.


    Founder, CFO/IR

    Graduated from Cambridge University with a degree in Economics. Has extensive experience in corporate finance at a number of major global banks and investment companies, such as Goldman Sachs, Rothschild Investment Corporation, Deutsche Bank and VTB Capital. Managing Director of Sberbank CIB.


    Founder, COO

    Graduated from the Law Faculty at Moscow State Pedagogical University with a degree in Civil Law. More than 10 years' experience in the legal profession, including in the fields of intellectual property and IT, extensive judicial practice in courts of various instances. Entrepreneur.


    Founder, СRO

    Graduated from the Faculty of Mathematical Methods in Economics at the Financial University under the Government of the Russian Federation. More than 10 years' experience in retail risk at top-three Russian banks, Chief Risk Manager



    Graduated from Russia's National University of Science and Technology (MISiS). More than 10 years’ experience in IT/programming and designing online and offline systems and applications. Three-plus years' experience in programming for iOS/Android. Extensive experience with Big Data and blockchain technology. Technical Director of a developer/integrator company.



    Risk adviser

    Graduated from the Department of Mechanics and Mathematics at Lomonosov Moscow State University, Master's in Finance from the New Economic School in Moscow. Spent two years working for a top-three telecoms operator and has eight-plus years of experience in the field of retail risk. Head of the Retail Risk Analysis Department in top-ten Russian banks.



    Graduated from the Cambridge University with a Master degree in Economics. Alexei worked at Deutsche Bank and Morgan Stanley in London, in a PE fund Alfa Capital Partners in Moscow. From 2005 to 2010 was the CFO of a premium fitness club chain "World Class". From 2010 to 2015 built a successful consumer business. Since 2015-consultant and project leader at The Boston Consulting Group, specializing in operations efficiency in a wide range of industries, as well as government innovation policy.



    Graduated from the Department of Computational Mathematics and Cybernetics at Lomonosov Moscow State University, MBA at INSEAD Business School. Worked as a partner at Kei-Ei Consulting, Ward Howell International and as an M&A consultant at PwC. 2015-2018 MD, CEO Delivery Club (the largest food delivery service, presented in 97 cities of Russia). Currently CEO of the investment division Mail.ru Foodtech Ventures.

    Crowdsale details

    Distribution of tokens
    • Crowdsale (70%)
    • pre-ICO (5%)
    • System's insurance fund (15%)
    • Founders (5%)
    • Bounty programme (3%)
    • Team (2%)
    Budget allocation
    • Project development (70%)
    • Insurance fund (20%)
    • Team, the founders and participants in the bounty programme (10%)
    Details Indicators
    Token Symbol LBT
    Full Token Name LBT token
    Pre-crowdsale Start June 18th, 00:00 GMT+03:00
    Pre-crowdsale End July 29th, 00:00 GMT+03:00
    Crowdsale Start September 18th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or October 29th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $1500000
    Crowdsale Soft Cap Yes, $250000
    Token type utility token
    Domain owner Individual

    Cost of the token

    1 token for 0.001 eth

    Price without discounts

    Discounts and Bonuses

    ICO Period 1 - 26% discount
    ICO Period 2 - 14% discount

    Discount Dates Minimum purchase amount
    45% June 18 — 24, 2018
    42% June 25 — July 01, 2018
    39% July 02 — 08, 2018
    36% July 09 — 15, 2018
    33% July 16 — 22, 2018
    30% July 23 — 29, 2018

    Accepted currency

    • Ethereum

    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    Jordan Semanda June 24, 2018
    Rating of project


    With the bounty scheme involved in this platform the targeted desire to create awareness shall be achieved. The platform has APIs and therefore can easily be adopted by a number of compatible devices with the technology, this will increase the number of users on the platform hence strengthening the token value.

    Risks and disadvantages

    The project isn't associated with any press bodies at the moment this narrows its chances of effectively communicating to the general public and progress of tis awareness scheme. It is not the project of its kind and therefore it is susceptible to face competition. The budget distribution does not cater for marketing this shall also have a negative effect on the progres.


    Taking advantage of the competitors loopholes shall see lends bay to success in establishing its market base that will enable it succeed.

    Denys Serhiichuk June 16, 2018
    Rating of project


    The website is translated into English, Russian and Chinese. It means that the project focuses to attract investors from different countries. There are 2 types of Whitepaper: usual one and One Pager. In addition, they are also available in 3 languages. A huge advantage is the available demo version.

    Risks and disadvantages

    Roadmap looks vague, as it has only few steps of platform development. Thus, they are outlined in quarters. It would be better, if some precise dates were also mentioned. There is no also no information about partners.


    Overall, the idea is actual and will meet lots of supporters worldwide. There are similar ICOs with the same aim, however Lendsbay has a working product and has concrete ways to develop infrastructure of the project. I would recommend people this ICO in terms of investing.

    Anne Bryn June 16, 2018
    Rating of project


    Lending between individuals is a huge segment and using blockchain technologies will allow to make financial transaction between people transparent. Given transparency lending will be less risky, as well as borrowing will become easier.

    Risks and disadvantages

    A demo version would allow to estimate a product... Though the team promises to grant access to beta version before ico start and this is september 2018.


    Lending money and borrowing money may become a problem. A good solution is offered. The project has followers on social media, so I think many people are inclined to support this idea.

    William Anderson June 16, 2018
    Rating of project


    Creation of a more trustworthy society in relation to becoming and lending money is key in the project growth and it shall have many interested parties

    Risks and disadvantages

    Competition from already existing centralized platforms that shall not be willing to give up their market share. Due to luck of a token reserve the project is not reliable.


    Lendsbay provides apparent solution to the current market because borrowing is highly practised especially in this era filled with many entrepreneurs so it has a ready market.

    Sofia Medda June 15, 2018
    Rating of project


    The application will be convenient for users, useful tools will be created, such as social groups (friends, work, university), risk estimation (rating system). LBT token will have several utility functions: a tool for reward, a risk insurance, a tool for lending, as a payment for subscription and services. And variety of use cases is a goog prerequisite for the growth of the demand for tokens.

    Risks and disadvantages

    I'm not sure the team has a reliable marketing strategy, because this issue is not explained in the Whitepaper.


    A useful product will be offered. Market analysis it detailed enough. The team is reliable. I think they should pay more attention to promoting strategy.