|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||August 21, 2019|
|End||October 31, 2019|
ICO description, Technical Details and Documents
Loanex is a peer-to-peer lending and investment platform built and deployed by a team of Indian and Russian specialists to facilitate access to digital assets and the corresponding financial services for users around the world.
It appears that the project hasn’t been registered yet in any jurisdiction, though there is a statement in the whitepaper regarding team’s intention to establish a legal entity in Switzerland with further plans to expand to Singapore, the US, Hong Kong, Germany, and Australia. Loanex introduces the ERC-20 token with a ticker LOA which will be a primary instrument for lending and investment and will be tradable once it gets listed on cryptocurrency exchanges.
Loanex will provide future users with an opportunity to borrow, lend, and exchange cryptocurrencies, peer-to-peer on a single platform. The use of blockchain and smart contract afford borrowers the possibility to accurately assess the terms and conditions of a loan and assure themselves of the absence of hidden fees and fines. Lenders, on the other hand, check the borrowers’ reliability and solvency thanks to the unique credit rating system developed by the team.
Loanex will also establish a safety fund to provide partial insurance on borrowed funds. The insurance will cover from 20% to 75% of the principal amount of the loan, depending on the borrower’s credit score. In addition, Loanex will exercise the function of a payment platform, with subsequent integration of a proprietary cryptocurrency exchange.
Guy Tan. The founder and CEO. Unfortunately, we were unable to find any valid information about the project founder in the project’s whitepaper or outside sources. The only thing that’s known is that Tan currently resides in Singapore.
Trent Shaw. The co-founder and COO. Shaw has a vast experience as a business development manager and commercial director, obtained while working for numerous Australian companies. Apart from Loanex, Shaw has also co-founded a company called Emanate.
The sale of LOA tokens is going to be carried out in one phase, which is due to begin on November 15 and stay live until December 15. The total of 10 million LOA tokens will be allocated for this sale. The ICO price of 1 LOA is $1, though the project also introduces a substantial discount to those who buy tokens in bulk. The percentage of the discount will depend on the amount of raised funds at a given moment.
Although Loanex has established a softcap at $2 million, the project’s whitepaper states that the investors will get a refund in case the project fails to raise $1 million. Should this barrier be passed, Loanex promises to engage in the development of the platform that will operate solely in the microcredit mode. In case of an excellent outcome of the token sale, which would mean surpassing the hardcap of $10 million, Loanex will continue developing a fully-fledged loan platform, along with establishing cooperation with the arbitrage firms. Moreover, the project will create a safety fund that will accommodate 20% of the money raised through the ICO. LOA tokens can be purchased using BTC, ETH, and USD. There’s no specific information about the restricted countries.
* Crypto Rating accepts no liability for any errors in the Loanex ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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|9||Recast1 Token||2021||4.91||Active||Trade, Stable Coin, Proof of Transfer and Stake||June 15, 2021||December 5, 2021|
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|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||60.4%||84||$22 794.78||-4.60%||0.16%||$439 421 744 135|
|2||ETH||Ethereum predictions||62.4%||84||$1 553.83||-5.95%||-3.88%||$190 147 661 417|
|3||USDT||Tether predictions||94.4%||1||$1.000104||-0.01%||0%||$67 783 099 946|
|4||BNB||Binance Coin predictions||65.6%||66||$304.99||-4.44%||0.23%||$48 158 717 061|
|5||USDC||USD Coin predictions||92%||1||$0.999890||-0.03%||-0.01%||$42 871 511 347|
|6||XRP||XRP predictions||65.6%||68||$0.394508||-5.29%||-7.09%||$20 042 407 520|
|7||BUSD||Binance USD predictions||94.8%||1||$1.000163||-0.07%||0.02%||$15 378 516 452|
|8||ADA||Cardano predictions||62.8%||76||$0.372102||-6.15%||-0.25%||$12 872 392 418|
|9||DOGE||Dogecoin predictions||64.4%||68||$0.086947||-3.87%||-0.56%||$11 535 298 125|
|10||STETH||Lido stETH predictions||93.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||MATIC||Polygon predictions||63.6%||77||$1.085935||-8.18%||10.16%||$9 484 901 320|
|12||SOL||Solana predictions||54.8%||91||$23.55||-10.47%||-2.36%||$8 752 068 592|
|13||DOT||Polkadot predictions||58.4%||85||$6.14||-8.11%||-7.79%||$7 076 486 593|
|14||LTC||Litecoin predictions||69.2%||63||$90.05||-7.19%||0.74%||$6 498 956 549|
|15||AVAX||Avalanche predictions||60%||81||$20.20||-3.78%||14.48%||$6 357 771 856|
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