Over the past few weeks every Telegram group with a major following has been abuzz with Digitex’s meteoric rise; almost 2000% in a matter of months!! We are very happy for their success, as a project that is trying to offer retail traders an alternative to Bitmex’s margin trading. However, after all of the dust has begun to settle, I had to ask myself which other project out there is poised to be an equally formidable challenge to both Bitmex and Digitex. My prayer was answered while shuffling through YouTube videos over the weekend; and the gem which I came across is called LendingBlock.
LendingBlock is a digital exchange which facilitates the borrowing and lending of digital assets to institutional lenders and borrowers by using cross chain smart contacts. Unlike Digitex and Bitmex which offer their services to mainly retail investors, LendingBlock’s growth potential is exponential in comparison. LendingBlock’s focus on institutional customers will give it direct access to potentially trillions of dollars managed by hedge funds, VC’s, exchanges, and market makers. Moreover, LendingBlock will support the trading of not only Bitcoin, but also Ripple, Ethereum to start with.
Although the founders and teams at both Digitex and Bitmex have very impressive backgrounds in the banking and investment fields, the experience behind LendingBlock’s co-cofounder, Steve Swain, will be a force to reckon with. Mr. Swain graduated from the prestigious Harvard School of Business and has worked in finance (with a focus on FinTech) for over 20 years. Most recently, he was a partner at Deloitte as well as having worked at various top firms; such as PWC, UBS, and Credit Suisse. A good idea is one thing, but its’ success is very much dependent on the abilities of the team to carry it out. With that being said, Steven Swain most definitely has the background, experience and connections to see LendingBlock becomes the premier platform for the borrowing and lending of cryptos in the very near future.
While Steve has the business end held down, co-founder Linda Wang, is busy seeing to the task that LendingBlock’s network is secure and reliable. Ms. Wang also has a very impressive background; having graduated from the University of Cambridge, The London Institute of Banking, and UCL; with studies focusing on banking and Fintech. Linda has served as a technology consultant for Deloitte for many years. I must against note that with the combined experience in Fintech and Banking that both Steve and Linda possess, I feel very confident that that Lending Block will surprise the crypto community in the very near future.
The team is currently preparing for the Alpha launch of the platform this November to a select few that have been already onboarded. The launch of the full platform is scheduled for Q1 Of 2019; which is just around the corner. Thus far LendingBlock has amassed some very impressive partnership; such as the Japan based exchange Liquid and Genesis Capital; just to name a few. The team has been very strategic in forming partnerships with firms that will also be users of the platform which ensure that they have a vested interest in seeing the platform succeed. Even projects like Digitex and Bitmex can benefit from becoming LendingBlock users.
Due to the Bitconnect debacle of 2017, a lot of people looked away from projects that claimed to be “lending” platforms (myself included), which is why LendingBlock has gone under the radar for so long. For those who look into the LendingBlock fundamentals and find it as promising as I do, this might be a good opportunity to finally make the gains needed for a Lambo or two. LendingBlock is the real deal!!!
Links
Website: https://lendingblock.com/
Twitter: https://twitter.com/lendingblock
Reddit: https://www.reddit.com/r/Lendingblock/
Telegram: https://t.me/Lendingblock
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Awesome article!!