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Lendex Coin REVIEW
Lendex Coin is a new breakthrough lending cryptocurrency token
Read 100% Free Lendex Coin Review by Scamorno Team
FULL REVIEW OF Lendex Coin
Founded and developed in Kazakhstan, the biggest economy of Central Asia, FinTech startup Lendex has announced plans for ICO crowdsale to pay for the launch of a cross-border P2P (peer-to-peer) lending platform for underbanked consumers in Central and South East Asia.
Alexey Sidorov, serial FinTech entrepreneur and owner of Lendex said:
“WE ARE GOING TO DISRUPT TRADITIONAL CONSUMER FINANCE INDUSTRY IN A NUMBER OF BIG MARKETS. WE FOCUS ON SELECTED ASIAN MARKETS WITH COMBINED POPULATION CLOSE TO 700 MLN PEOPLE. OVER 70% OF THEM ARE UNDERBANKED, WHICH MEANS AT LEAST SOME 500 MILLION PEOPLE ARE EXCLUDED FROM THE TRADITIONAL FINANCIAL SYSTEM. THEY TOO HAVE FINANCIAL GOALS BUT NO OFFER IN THE MARKET. AND WE WANT TO REACH THEM AND MEET THEIR NEEDS”.
Lendex team, with prior banking expertise and entrepreneurial track record in building FinTech startups, believes that alternative finance and particularly marketplace lending is potentially a large asset class that can be tokenized and made available for sale to investors in initial and secondary markets across borders, thanks to advance of Blockchain technology and integration of nascent crypto economy with the real world.
Lendex team launched and operates several businesses in online lending arena in Central Asia with strong traction — their total registered user base reached 400 000 users. A forthcoming expansion into Vietnam market brings the company’s products nearer to the real-world marketplace and creates synergies for advancement of Lendex business model.
Future Plans Of Lendex Coin Platform
Lendex launched their ICO in early 2018 with pre-sale of LEN tokens on December 1st.
As Alexey Sidorov underlined:
“ICO PROCEEDS WILL HELP US TO BUILD WHAT WE BELIEVE WILL SIGNIFICANTLY IMPACT THE ALTERNATIVE FINANCE MARKET — A FULLY FUNCTIONAL ECOSYSTEM WHICH CONNECTS INVESTORS AND BORROWERS THROUGH OUR HYBRID IT INFRASTRUCTURE AND THE NETWORK OF PARTNERS: MICRO-FINANCE INSTITUTIONS (MFIS), PAYMENT PROCESSORS, DISTRIBUTION AND COLLECTION AGENTS WITH “ON-THE-GROUND” PRESENCE, TO NAME A FEW.”
The Lendex project’s team announced that their ultimate goal is to bridge the gap by providing real-world users with accessible digital micro-loan products in fiat currencies on one side, and investors who can generate returns commensurate with emerging market risks on the other side.
How Do You Make Money With Lendex Coin?
Lendex Coin will generally work just like any other cryptocurrency but with some minor differences. You will be able to mine 2 LDX tokens each time you mine a whole block and you can choose between solo and pool mining while you mine Lendex Coin tokens.
The staking plan of the platform will enable you to hold your cryptocurrency for ten days and then you will start to receive interest for holding LDX tokens. Another way to profit is by lending money in the platform. In this case, an Automated Trading Bot will ensure that you will be able to earn a profit from your investment.
The lending program will be able to make you receive a return of about 45% every month and you will receive your capital back in about 300-90 days. You can invest from $100 to $100,000 USD.
Review Verdict: Lendex Coin is a legitimate lending coin that works
Consumer Fraud Alert Regarding Lendex Coin
The success of Lendex Coin has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about Lendex Coin, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://Lendex CoinOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate platform.