$780k mc forgotten institutional lending platform
Lendingblock (LND) is idled as it serves the institutional clients only. After 2 yrs development, they just launched their product, and already decent no. of clients using it.
might offer service to retailers too.
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over $1b Genesis Trading is already using it, listen to the ceo
just matter of time before some whales scooping cheap LND now as that will save tons of money for them in future.
lending offers are quite big, sometimes over $1m
doesn't look so hot here:
coinmarketcap.com
shut the fuck up OP, this is a dead shitcoin, plunged from $.03 to $0.000651 over the course of two years
shit communication from the dev team as well
if you think about buying this, please google it first
they were developing the plaform for last 2yrs, also they had issues with regulators, they dont like running pnd as they are regulated,
they offer lot of services, not just lending, and just starting, their European licence is big
Looks like a cheap copy of LEND
it is not a dead project by any means, I even see $1.5m PAX borrowing there, it is just matter of time before people start noticing this
it is not a copy of LEND, they did public fund raising in April 2018, so this is a quite old project, it is just that their path was slowed by regulations, u should know how slow regulators in crypto space
> $82.06 USD volume
lmao
looking good for a legit company mcap should be much higher
they have many borrowing and lending offers on the platform, u can check urself, there is a $1.5m PAX borrowing offer available there now
its just that retailers are not aware of this as they serve institutional clients at the moment
dont just laugh at $82 vol (its actually $1100 vol on cmc)
$1100? hahahahahaha
$1.5m PAX borrowing will result is $45,000 vol as interests (3%) should be paid only in LND tokens,
that alone will push this fucking cheap coin 10x from here
user, $780 is 2x higher than what HAI is at right now and their tokenomics model actually support an easy 10x coupled with their thin orderbooks
read up on it here
u nigga dont know xrp had $200k vol before shooting to multi billions
Might throw a couple ether at this as a hail Mary, there's shit on idex doing multiple xs recently that look a lot worse than this
couple what? hundred? You'll single-highhandedly raise the price by 100%
Price looks pretty much bottomed out. Problem with people on here is they'd rather buy stuff that's already up 2 or 3x. Look at ubt and mitx for example. Sat on idex with 0 volume and buzz for ages, if you wait for other ppl to start buying you're gonna end up paying more anyway
Where the fuck do you even buy this? I've been to three sites and they dont even offer it
people chase pnds, and will continue until get burned, they dont look bottomed out FAs strong projects nowadays
they already have decent lending amounts e.g. 25 BTC offer here, that alone will push LND 3-4x
I get you, but there's actually a good reason for this - you want to hop onto a hype wave just as it starts because then you can sell within days to weeks.
Jumping on something like this or BITC - small projects that are down yet the team is building but no one cares can make you a bag-holder for months.
another 35 BTC (over $300k lending offer)
their offers looking good, another 900 ETH (~$200k) offer
Idex is prob your best bet
True, its risky but thing is when you buy something that's up 2 or 3x you're always at the mercy of people who bought in cheaper and can dump on you whenever they want
true, but they can dump only $200-300 not much
OP, this looks interesting, but do those offers get filled as well? I mean, do we have an idea how many institutional clients are borrowing/lending how much there?
I most def wouldn't put this down, but If it's only like $1m/month, they might not survive for long. And forgive my spoon feeding request but do they burn LND tokens or how would the token capture value?
Interests for borrowing is only paid in LND tokens, so borrowers have to buy LND on open market
they said some orders filled in recent past, but I dont think they shared any official statement with figures yet, seems so early as they launched the platform very recently
I cannot log in as Im not an institutional client, only institutional clients can open accounts now, I guess once you logged in, you can access past data
Thanks. I am asking because you would expect this to rise in bigger steps once institutional clients have to buy on the open market.
Pleasure to have a gentleman OP - reminds me of the old /biz