LendChain Weekly AMA Summary - 08/24/2018

lendchain (25)in #bitcoin • 6 years ago

LendChain has been holding its weekly AMA on Telegram group every Friday from 10–11 am UTC+8.

We accept questions/comments/suggestions.

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Lv Zhe : I am from USA And why can't I participate in the token sale?

Answer : because of the regulations and the rules in the US.

Martin Lucus : I see someone selling LVCOIN trade LVCOIN now?

Answer : Not yet but we will be on the exchange so soon, our token sale will start on Aug.28 so the time to sell LVCOIN will be only on our token sale.

Emilia : Has Token Sale changed?

Answer : We only changed the rules but the time still the same.

Oliver Kang : Is the 28th token sale on time?

Answer : Yes exactly we will have it on time.

Emilia : What rules have been changed?

Answer : The prices will be as the formulas in the pictures and the hard cap will be 2000 ETH.

Emilia : Why do you want to change?

Answer : Because of the volatility of the cryptocurrency price we decided to change it.

Emilia : The quota is getting smaller, can I still get it?

Answer : You have to be fast because the faster you do it the more tokens you will get.

Martin Lucus : How many users do you have now?

Answer : till now we have 160000 user and the number is going more and more.

Martin Lucus : I don't believe in your security right now, how can I keep the money safe In lendchain?

Answer : As a digital assets financial services platform, China Unicom will implement a financing platform that uses digital currency as collateral. The user's entire loan process will be built on the main chain, including locked assets, borrowing targets, user investments, maturity repayments, overdue delivery, and more. All of this will be done through smart contracts.
In terms of security, it is also our primary consideration, so we will use some hot and cold wallet technology similar to the exchange to do some security management. This piece can still be assured. In addition, we will also set up a security claims fund to deal with some of the more urgent and special circumstances to ensure the security of our users' assets.

Martin Lucus : How to ensure that you will not run away with money after a large number of users?

Answer : we use multi-signature to manage the collateral assets, to ensure that the platform can not run, and only after the expiration, the borrower completes the repayment, and then submits his private key to unlock the collateral assets.

Martin Lucus : Are you trustworthy? Are you professional enough? That's what I'm worried about.

Answer : For sure we are trustworthy ! you can take a look at the team so you will find an extremely talented team with too many years of blockchain experience

Martin Lucus : The market is not good now, how can you stand out in the fierce competition?

Answer : Our resources are stronger than any other project that makes loans, such as BlockCity DAPP with 2 million users, China's largest Bitcoin wallet Bitpie APP, QuarkChain global community, etc. These resources are not owned by other projects. And in China, we have signed a number of the world's top Token Funds for corporate clients.

Oliver Kang : How long does LVCOIN reach the wallet after purchasing the token?

Answer : After purchasing our token in a few minutes you will have it in your wallet.

Emilia : Where is your company and how many employees are there?

Answer : We are in China, and we have 20+ employees.

You can also get the latest news through the following channels:

1 → Official website:

https://www.lendchain.io/#/

2 → QQ group number:

543754571

3 → official Weibo:

Http://weibo.com/lendchain

4 → Telegram: