BidLend (BLC)

• Main reasons for dead coin listing Scam or Other Issues
• started 2017, Ended 2017
• Social media ended 2019.
• Trading ticker (BLC).
• Unknown tokens total.
• Not available to trade on any exchanges.
• Was built on standalone blockchain.
• Website is down.
• The Founder/SEO is David Tang.

(bidlend io 2017)

BidLend re-invent p2p lending with blockchain technology
BidLend.io wants to create a P2P lending platform that is trustworthy, transparent, and most importantly, fair to both borrowers and lenders. Loans on BidLend will be securitized and partitioned for lender to bid, in order to maximize the benefit to both lenders and borrowers.

Imagine when Peter wants to borrow 1000USD for 3 months to pay the tuition fee. He will submit a loan request to BidLend.

BidLend will then evaluate the risk level based on Peter’s financial situation and credit history, then a Maximum Interest Rate(MIR) will be generated for Peter. This time, the MIR of Peter is 8% which is slightly lower than the rate he can get from the bank. After Peter’s confirmation on his MIR. BidLend will breakdown the loan request into ten 100USD Auctionable Small Contract for lenders to bid on.

Lenders on BidLend can offer their desire interest rate on certain loans as long as it is not higher than MIR. Everytime when there is a contract, the offer with the lowest interest rate will get the loan.

Say, Peter received 7 offer with 6% interest rate and 3 offer with 7%. At the end, he received a 1000USD loan with (6%*7+7%*3)/10 = 6.3% of interest rate.

BidLend was founded in 2017, it is not trading on any exchanges. BidLend was added to the dead coins list due to Scam or Other Issues. Founder/CEO is David Tang.