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Post by frankp2p on Jun 8, 2020 16:07:23 GMT
Hi everyone! We've launched an alternative P2P platform and I would love to get your feedback on it: www.lendary.net. The difference compared to classical P2P products is that you solely finance traders whose capital is fully protected by an automated liquidation mechanism. This way you eliminate the usual credit default risks. Feel free to check it out and leave your comments! Happy to dive in deeper if anyone is interested. Thanks, Frank |
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Mousey
Member of DD Central
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Post by Mousey on Jun 8, 2020 16:20:37 GMT
Looks like an unregulated scam.
Frederic R who kindly gave you a glowing review:
Seems to get around a fair bit:
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macq
Member of DD Central
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Post by macq on Jun 8, 2020 16:32:19 GMT
Looks like an unregulated scam.
Frederic R who kindly gave you a glowing review:
Seems to get around a fair bit:
Must make ID checks a pain signing up with all them names
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Mousey
Member of DD Central
Posts: 1,598
Likes: 6,768
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Post by Mousey on Jun 8, 2020 16:41:08 GMT
I suppose it's quite easy to say you're an established person at a large international company.
Mousey McMouse - Engineer Microsoft. Who's gonna check?
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macq
Member of DD Central
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Post by macq on Jun 8, 2020 16:41:25 GMT
Did not use the link but that Google search wotsit thingy could not find them (but did suggest Lendy  ) |
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Post by frankp2p on Jun 8, 2020 16:42:18 GMT
Hi Mousey,
thanks for your reply! What?! This is an actual customer of ours and we are no scam...what search word did you use in Google?
Thanks for clarifying this.
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iRobot
Member of DD Central
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Post by iRobot on Jun 8, 2020 16:49:35 GMT
It's not unusual for web agencies to add 'stock' photos to customer reviews - it humanises them in a way that bare words wouldn't.
On a plus note, I did the same google image search on the three pics from the 'About us' page and they did seem to track back OK on two of them (the third bore no results).
Just saying. Not advice or a recommendation, etc. etc. etc.
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Post by frankp2p on Jun 8, 2020 16:49:40 GMT
Looks like an unregulated scam.
Frederic R who kindly gave you a glowing review:
Seems to get around a fair bit:
Must make ID checks a pain signing up with all them names Ah, you tried to find other appearances of our customer. Did you actually click on one of the links? I just tried it and none of the profiles apart from his real one show him... Hmm, why would you claim we are scam?
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Post by frankp2p on Jun 8, 2020 16:52:16 GMT
It's not unusual for web agencies to add 'stock' photos to customer reviews - it humanises them in a way that bare words wouldn't. On a plus note, I did the same google image search on the three pics from the 'About us' page and they did seem to track back OK on two of them (the third bore no results). Just saying. Not advice or a recommendation, etc. etc. etc. Thanks for your support - still, we didn't use stock photos and those are real customers. If the photo of Frederic is actually used somewhere else, we would inform him. But by following the links, I don't seem to find any other appearance of him (apart from his real Linkedin profile).
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Mousey
Member of DD Central
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Post by Mousey on Jun 8, 2020 16:55:19 GMT
So you have no regulation details on your website or indeed details about what the investments actually are or how they are secured. This is in contrast with your statement that "capital is fully protected".
Hence my statement regarding this as a scam.
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Post by frankp2p on Jun 8, 2020 17:00:51 GMT
So you have no regulation details on your website or indeed details about what the investments actually are or how they are secured. This is in contrast with your statement that "capital is fully protected".
Hence my statement regarding this as a scam.
Indeed, our company CapTec Analytics is the software company which developed the product. We try to explain how the product works on our home page and on the subpage www.lendary.net/how-it-worksThe product focuses on an interesting niche opportunity, i.e. automated lending of USD to traders on crypto exchanges. Unlike traditional stock brokers, some crypto brokers allow external capital providers (like you and me) to provide traders on their platform with short-term capital so that they can engage in leveraged trading. Since traders can never withdraw the borrowed money from the platform and all of their positions are fully controlled by an automated liquidation system, default risks are almost zero. At the same time, daily interest rates on those platforms are relatively high and compound to ~10-30% per year if your capital is utilized optimally. In order to do that, we have written a software that automates and optimizes this lending process 24/7. Our solution works as a managed account solution where users create their own account on a crypto exchange and then sign up for our software. It is sufficient to hold USD so users are not affected by crypto volatility themselves. Also, everyone can withdraw their capital almost on a daily basis because loans run for 2 days maximum.
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macq
Member of DD Central
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Post by macq on Jun 8, 2020 17:07:03 GMT
So you have no regulation details on your website or indeed details about what the investments actually are or how they are secured. This is in contrast with your statement that "capital is fully protected".
Hence my statement regarding this as a scam.
Indeed, our company CapTec Analytics is the software company which developed the product. We try to explain how the product works on our home page and on the subpage www.lendary.net/how-it-worksThe product focuses on an interesting niche opportunity, i.e. automated lending of USD to traders on crypto exchanges. Unlike traditional stock brokers, some crypto brokers allow external capital providers (like you and me) to provide traders on their platform with short-term capital so that they can engage in leveraged trading. Since traders can never withdraw the borrowed money from the platform and all of their positions are fully controlled by an automated liquidation system, default risks are almost zero. At the same time, daily interest rates on those platforms are relatively high and compound to ~10-30% per year if your capital is utilized optimally. In order to do that, we have written a software that automates and optimizes this lending process 24/7. Our solution works as a managed account solution where users create their own account on a crypto exchange and then sign up for our software. It is sufficient to hold USD so users are not affected by crypto volatility themselves. Also, everyone can withdraw their capital almost on a daily basis because loans run for 2 days maximum. Genuine question - you say default risks are almost zero and compound to 10 - 30% per year so why would someone share the opportunity with you and then you with us?
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Post by frankp2p on Jun 8, 2020 17:11:12 GMT
What do you mean by that? We are offering this software service related to the lending opportunity and charge fees for it. Let me understand more why you think that this is a scam.
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Post by Admin on Jun 8, 2020 17:15:40 GMT
Hi everyone! We've launched an alternative P2P platform and I would love to get your feedback on it: www.lendary.net. The difference compared to classical P2P products is that you solely finance traders whose capital is fully protected by an automated liquidation mechanism. This way you eliminate the usual credit default risks. Feel free to check it out and leave your comments! Happy to dive in deeper if anyone is interested. Thanks, Frank Well, I would say welcome to the forum, but it's odd that we do not seem to have heard from you, perhaps i can draw your attention to forum rules 5, 6 and 7 which you would have received a copy of when you joined, or here
to refresh your memory. We often spot the less transparent platform reps on their way in and flag them anyway, but having a gmail account yourself meant we didn't detect you.
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macq
Member of DD Central
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Post by macq on Jun 8, 2020 17:34:46 GMT
What do you mean by that? We are offering this software service related to the lending opportunity and charge fees for it. Let me understand more why you think that this is a scam. Not sure if your reply is to my question but it followed on so i assumed? - i did not say it was a scam but asked why anybody would offer a no risk high return product to others rather then keep it to themselves and just make money from a fee?
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