ICO Ended
791 days 10 hours ago


The LendsBay system creates a new approach to loans between people, solving the problems such as: No formal loan records: disputes arise about repayment dates, terms and conditions; no reminders are sent; No contract: there is no mechanism for judicial enforcement of debt repayment; No market-based mechanism for determining interest rates: the market is either larger or smaller than its potential; No tools for risk management: no credit rating, diversification, insurance. ⠀ ⠀ We offer the following step-by-step solution to the above-mentioned problems: Creating an app to manage loans between relatives, friends and acquaintances: the app is used to find a lender and then to record, document and administer (e.g. send out reminders) the loan; Creating social groups (so-called bays) to pool financial resources through mutual lending, e.g. there are social groups centred around work, universities and social clubs that already have a certain level of trust, common values and a high degree of social control, not to mention little tolerance for irresponsible behaviour; Creating a blockchain to store individuals' credit-rating information (LBR); Using the blockchain for any financial transactions between individuals (non-credit assessment) (LBU); Developing the elements of an ecosystem for financial relations: mutual insurance; purchasing, selling or leasing items; and decision-making systems. ⠀ LendsBay team have already developed a functional and ready-to-use alpha version of the application.

ICO Dates
25 Jun 2018 - 30 Jul 2018
Whitelist / KYC
Token Type
Available for Sale
Pre sale Price
1 LBT = 0.0007 ETH
ICO price
1 LBT = 0.001 ETH
Hard Cap
1M $
Tokens for sale
Pre-ICO Up to 50%

ICO Up to 26%

Alexander Koptelov
Founder, CEO
Anton Gazizov
Founder, CFO/IR
Andrey Cheremkhin
Founder, COO
Vladimir Gorbunov
Kristina Shilova
Angelica Phillips
UK Market
Murat Yenikeyev
Risk Advisor
Alexey Khaliullin
Andrey Lukashevich
Evgeny Kaplin
  • 1

    Createding a web prototype. Market research. UX testing. Builtding a financial model. Developed the server and user part of the application.

  • 2
    JUNE 2018

    Conducting a pre-ICO.

  • 3
    JULY 2018

    Release of the beta version of the app for Android/iOS. Developing the legal component (loan agreements, lawsuits, debt collectors). Establishing ratings and pricing mechanisms.

  • 4
    SEPTEMBER 2018

    Carrying out an ICO. Converting tokens, connecting to the app. Adaptation for Telegram. Connecting to a credit bureau. Connecting to telecoms/online credit history providers. Entry into the UK and US markets.

  • 5
    MARCH 2019

    Creating social groups: Co-workers/University. Linking to a payment system. Implementing the social ratings system (proximity rating). Implementing the behavioural ratings system. Creating an API. Entering developing markets.

  • 6
    SEPTEMBER 2019

    Implementing the blockchain ratings system (LBR): distributed accounting and storage of ratings data. Constructing a ratings model based on multiplicity of data.

  • 7
    FEBRUARY 2020

    Creating a universal rating for economic relations (LBU). Creating various ecosystem elements. Building a consolidated ecosystem of transparent relationships.