Good day everyone, and welcome to this week’s community update.

Business Development

Steve and Charlie attended Consensus 2018 in NYC this week along with over 8000 other crypto enthusiasts. We had highly productive meetings with crypto funds, brokerages, exchanges and market infrastructure firms (e.g. wallets and custodians), and had the opportunity to compare notes with some other lending projects.

Interest and engagement in our business was very strong, and we will now have a busy couple of weeks exploring all the potential opportunities to collaborate with the people we met.

We are also very pleased to have confirmed with a number of prominent trading firms and funds that they will be part of our initial institutional client group. We will be doing a joint press release at some point in the near future on this.

We also had a positive discussion with the Minister for Commerce of Gibraltar at an event hosted by our Gibraltar lawyers Isolas, which was well attended by other businesses based there.

Regulatory & Legal

After completing the initial GFSC application and receiving positive feedback, we are now moving forward to the main stage of the application, which requires the submission of significant volume of support documentation such as policies and procedures.

This process will take several months and it will be culminated in a presentation to the regulator following submission of aforementioned documentation.

More broadly, we had a very positive meeting with our US lawyers and have much better understanding of the complexities of operating in the US.

Further, we were advised to continue to be careful not to hype LND or engage in speculation, which is aligned with our existing policies.

Technical Update

We continue working across several parts of the architecture including rebuilding the public web site, working on the platform APIs, and refining the order matching engine. We have also spent a significant amount of time improving our dev ops processes and environments to support our scale.

Community Development

Linda and Steve had an opportunity to answer some interesting questions in a public Telegram AMA earlier this week. We thank the hosts for having us and the summary of the AMA could be found here.

We are focusing on the crypto communities in the Far East. More specifically, we are in final stages of signing an agreement with a Korean community management team. They will assist us in growing our KakaoTalk group and engage with Korean speaking supporters of Lendingblock.

As a friendly reminder, we are still carrying out the community feedback survey and are actively looking for your input. You can find the form here.

Bonus Distribution

We will be starting to distribute the bonus tokens of main sale and presale participants today as well.

Exchanges

We are pleased to announce that Lendingblock will be participating in the voting of Hadax, starting 26th of May — further details will be provided next week.

Team Update

We are excited to welcome Conor and Raza as backend developers to our London based team, adding to a growing number in our development team which includes developers in Asia, Central Europe with a headcount of 9 members. Recruitment is ongoing for a number of other technical roles.

We also confirmed the positions of General Counsel and Head of Marketing. These two talented individuals are joining us from Credit Suisse and BNY Mellon in the coming months.

Links

Website: https://lendingblock.com/

Twitter: https://twitter.com/lendingblock

Reddit: https://www.reddit.com/r/Lendingblock/

Telegram: https://t.me/Lendingblock