Oct 05, 2017 at 12:26 // News

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LoanBit blockchain driven platform offers a new level of safety and verification and utilises its own exchange.

A P2P Lending & Investment platform offers the future of crowd based lending, LoanBit is launching its own token sale and has just announced the dates. The crowdsale for the platforms ‘LoanBit Token (LBT)’ is scheduled to go live in November, with a presale beginning on 4th October 2017, and ending on 15th October 2017. The ICO offers a variety of incentives for early adopters. The sale of these tokens will assist the company in raising funds to aid the project's development.



Currently, the lending industry has seen a trend away from traditional, inhibitive methods, and are moving towards a model more in tune with the digital age, shifting focus toward an online and P2P lending archetype. P2P lending is a way of borrowing money without the involvement of a traditional financial intermediary, and relies on an online platform to pair participants together utilising objective data around reliability amongst other information.

LoanBit is one of the more unique projects in both the blockchain and lending ecosystems, as it offers a modern solution to an age old problem.





LoanBit addresses a plethora of issues within the lending industry, which currently has seen individuals hamstrung in their borrowing capabilities through institutional processes, and focuses on the key concerns of a borrower; security, verification, and safety.



LoanBit offers a unique proposition, in that it is a multi-currency platform, supporting both traditional fiat and crypto currencies, with an integrated exchange tied into the platform, offering a one-stop-shop for it’s customers and opening up a network of possible lender and borrower relationships.



The ICO for LoanBit is set to go live on in November and will be open for only 31 days. More details about the platform are available within LoanBit’s whitepaper .



Those interested in becoming part of the initiative can prepare themselves for the upcoming launch of crowdsale.



Learn more about LoanBit at - https://ico.loanbit.org/

LoanBit whitepaper is available at – https://indd.adobe.com/view/38df3e7f-7bcd-407b-80aa-f2b19b82c571

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