26.11.2018 - 26.12.2018
Crowdsale
  • General
  • Disclaimer
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.

Disclaimer

In no event shall Jury.Online Foundation PLC, nor its participants, shareholders, directors, employees, partners, agents, suppliers, customers, contractors or affiliates, be liable for any direct, indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other losses, resulting from:

(i) your access to or use of or inability to access or use the Service;'

(ii) any conduct or information of any third party on the Service;'

(iii) any information obtained from the Service; and'

(iv) unauthorized access, use or alteration of your transmissions or information,'

Whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.