LendingBlock (LND) Review & Analysis – LendingBlock ICO Review

LendingBlock

The First Cross-chain Lending Platform For The Crypto Economy

ERC20 Token

Lendingblock is an open exchange for cryptocurrency loans, where borrowers and lenders are instantly matched in simple, safe and transparent way. Put simply, they’re introducing securities lending to the crypto world.

The Lendingblock platform is a self-contained ecosystem for fully collateralised borrowing and lending of crypto assets. It is comprised of An open, real-time exchange linking borrowers and (multiple) lenders that transparently provides best execution for both parties at the market clearing interest rates. LendingBlock also hosts A smart contract based operational system that implements the terms of the lending agreement created by the exchange, including initial transfer, interest payments, collateral management, default processing, and repayment.

Lenders including individuals and institutions can simply and safely earn additional income on long term investments
Borrowers including funds, investors, market makers and traders can access assets to support trading, fund working capital, or investment funding needs
Actively managed collateral and advanced cryptographic security protect both borrowers and lenders

“Lendingblock is creating the financial and technical infrastructure for lending within the cryptoeconomy. The Lendingblock team has outstanding real world experience in finance and technology, and a shared passion for the world of blockchain.”

Exchanges

HitBTC
IDEX

Positives

LendingBlock is a bit different from competitors such as Nexo, Salt, Ethlend, etc. LendingBlock is targeting large institutional investors with a minimum loan size of $100,000. These investors are usually repeat customers to a service that they trust. a big point of difference for LendingBlock.
LendingBlock offers extensive documentation including a Full Whitepaper and a Litepaper for investors who are time poor. a Tokenpaper is also available for those interested in more information on the LND token use-case and token model.
Being a crypto-to-crypto lending platform, LendingBlock manages to avoid a lot of the regulatory stuff that comes with regular crypto-to-fiat services. We won’t attempt to go into the regulatory details, but LendingBlock has a pretty smooth road in front of them. LendingBlock enables cross chain crypto-to-crypto collateralised lending, perfect for those people wanting to keep funds on the blockchain, rather than just “cashing out”.
LND tokens will be used as a way to pay interest on loans. Obviously with a minimum loan amount of $100,000, interest will accumulate at a decent rate unlike other platforms that offer loans of as little as $100, with interest accumulating very slowly. Those who need to pay interest will need to source LND tokens to do so and this is where the LND token will increase in value.
LendingBlock’s team are extremely experienced with all aspects of finance and financial services. Steve Swain (LendingBlock CEO and Co-founder) has worked with companies such as Deloitte, PWC, UBS and Macquarie Group. Luca Sbardella (CTO at LendingBlock) has a vast resume of technical experience with groups such as Dynamic Quant ltd, Citi Group and Bmll Technologies ltd. LendingBlocks team is very impressive.

Concerns

LendingBlock are targeting large institutional investors. They’re really going to have to push the marketing side of things to get the attention of these customers. The regular cryptocurrency investor doesn’t typically have a need to take a loan of $100,000 out on their crypto-assets. institutional investors are definitely looking into the best way of handling their crypto-assets and LendingBlock needs to get in front of these guys if they want their business.
The LendingBlock website doesn’t really have a huge amount of information available on the homepage. It’s pretty easy to understand what LendingBlock is trying to do but from the outside, LendingBlock looks like a pretty stock standard lending platform. It’d be great to see the website updated with more information, especially some information pointing out the differences that they offer over other platforms. For now, go straight to the Whitepaper
nNo other concerns for LendingBlock. The team behind the project really stand out here and we can’t see any major weak points in their business model. Obviously at the time of writing (May 20th, 2018), it’s still very early days for LendingBlock with the launch of the platform scheduled for August, 2018. We’re very excited to see how successful LendingBlock becomes.