Lendingblock is an innovative project for borrowing and lending of cryptocurrencies. It recently had it’s ICO which caused a lot of interest and investors snapped up tokens for around 2 or 3 cents each. Since the sale the price has dropped and now hovers below the ICO price. Disgruntled investors ask the usual questions “When are we getting onto a decent exchange?”, “Why has the price gone down?”, all questions from speculators who have not done their research and who have just jumped on a band wagon with hopes of making a quick buck. Many of them sold for maybe a slight profit or some even at a loss.

So let’s have a closer look at this project and see if the quick buck was what was required or if some patience will actually pay off in the long run.

Lendingblock does in fact have a niche to fill in the new cryptocurrency market space and what’s more those who will be taking advantage of the services Lendingblock has to offer are large funds and institutional investors. Lending block will be open for the smaller investor but it’s the more serious professional traders who will use the service for securities borrowing and lending — much in the same way as is already done in traditional financial markets. Live lending is being rolled out in late summer of this year and it’s a good bet that the service will be well used and will see large growth.

The team entrusted with producing the Lendingblock product are fintech experts with many years of experience in institutions such as Credit Suisse, Barclays, Deutsche Bank, Société Générale and JP Morgan to name a few. Their contacts in the finance industry will be key and it is only to be expected that big players will be enticed onto the Lendingblock platform once it is live.

In conclusion, to hodl on LND tokens is a no-brainer. Late Summer is rather near already and there will be a whole lot more value in Lendingblock as more and more institutional investors invest in blockchain and start using the crypto financial services that are already established.

Please read the latest update on Lendingblock

This is not financial advice and I am not a financial advisor. Please do your own research before investing in crypto currencies.