Mar 15, 2018
Lendingblock is an open exchange for cryptocurrency loans, where borrowers and lenders are matched in transparent way.
Attention. There is a risk that unverified members are not actually members of the team
We are attracted to the Lendingblock venture and believe that it if properly executed, the platform has the ability to be a substantial player in the institutional marketplace.For the reasons listed below, we consider Lendingblock to be a medium-long term hold:• The deal-structure is compelling with a small hard-cap and a limit on private sale dominance• The institutional focus is a significant differentiator in the marketplace and will likely achieve much higher transactional volume than any competitors much faster• While we do not agree with the current market valuation of ETHLend, it provides a very promising outlook for Lendingblock. With only 4000ETH put through the ETHLend as of February 2018, the market is placing a ~30x valuation on it based on a transactional multiple. If there is a strict focus on institutional users, Lendingblock should achieve far greater volumes much faster, leading to significant appreciation in market capitalization using the same metrics.Picolo Research does acknowledge the need for more technical personnel in the team and further promotion/awareness for the purpose of public sale and ongoing market engagement.Notwithstanding the above, we believe Lendingblock provides a strong speculative opportunity for investors seeking long term exposure to a potentially high growth token.
29 Mar: Sergey: I like the niche – loans, there are many successful projects in it. The team is active.16 Apr:Alexey: I participated, Balina shilled it.Sergey: I participated, I was not sure, but Balina helped me to decide.Bruce: The same. I like that the cap is low. Tokens will be unlocked in a week.
Overall, we like both the flipping and long-term potential of this ICO. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:For flipping: Good. The idea, team, development progress, and token metrics are all above average. The potential of the project is substantial as it targets institutional investors. The current market environment is bad but it is showing some signs of green shoots as selective altcoins have outperformed the market recently. We believe the ICO stage is where users can get LND tokens at the cheapest price. There is a private sale which offered 100% bonus but since (1) the participants provided the funding a while ago when ether price was much higher but end up having the same conversion rate, and (2) it was only for 8% of the total tokens sold in ICO, we don’t think it is a big factor to consider.For long-term holding: Good. With the solid team in place, we believe they can execute on their vision to generate traction from the lending as well as borrowing side. We especially like how they will partner with different cryptocurrency wallets as it is a better method than building its own. Lending projects generally have good valuation: Ripio Credit Network is at $48 million, SALT Lending is at $148 million, and EthLend is at $59 million, all multiples higher than LendingBlock.
15-Apr. I believe Lendingblock is an all-star ICO. I have participated in the pre-sale. AMA scheduled with the CEO on Monday 11am EST. I'll review the project during tonight's ICO Review Live stream, scheduled to happen after 6pm EST tonight.23-Apr. They do have a lot of tokens a billion tokens, 600 million being sold which is not great at all, but they are selling a good amount to ICO-investors participants sixty percent. But the main thing is, they got a $10 M cap which is pretty good. From talking with their CEO Steve, who mentioned that they plan to launch a product, I believe, in August with the top five cryptocurrencies.It scores over eighty percent right 80.39 making it an all-star right in my opinion.The only downside I do see is that they did have a large bonus right in the private sale, the bonus was hundred percent. I was not part of the private sale, I was a part of the pre-sale which has twenty percent (bonus).10-May. Oh that one. I had a chance to meet them here in London. Really cool, it is not performing as well but has lots potential. Very, very low cap, all-star team, it's currently on exchanges. Not good exchanges at this moment but currently on exchanges. Link13-July. Lendingblock is sucking right now, basically, I still have the tokens, I mean, I am pissed of. Link
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