Quote from: LakeBTC on August 17, 2017, 06:30:48 AM

Quote from: caixin on August 17, 2017, 05:51:32 AM

it meems that I had seen the similar project before. did you know Humaniq?
if so, what do you think the difference between LakeBanker and Humaniq?

The differences between LakeBanker and Humaniq are actually very large. Here are some key ones:

Target Users
Humaniq targets users in developing countries, mostly very poor people. They seem to operate more like a charity and its not clear that they are sustainable as a business. LakeBanker targets the whole world---including rich countries. Expansion into unbanked populations is just one small part of our ambitious business model.

Free Payments
In the LakeBanker system for ordinary users ALL PAYMENTS WILL BE FREE FOREVER. Humaniq say they will offer "near zero cost transactions", but it's not clear what this means.

On Chain/Off Chain
In Humaniq, all transactions seem to be on chain. This is for a service that they hope to reach billions of people. Is this even possible? Does the blockchain has the capacity or the throughput? If the price of ETH goes up further, will that make payments unaffordable?

In LakeBanker, we give users a choice: If you are tech savvy and comfortable with the technology, use onchain. For others (especially un/under banked), use simple, safe and free off chain services. We have impeccable record in the past 4.5 years of safeguarding users money.

Development Stage
LakeBanker has been running successfully in Beta for 1.5 years. Humaniq is just a idea.

Resources
LakeBanker is a spinoff of LakeBTC, a leading crypto platform with mature operational experiences and user base. We have substantial relationships with banking, payment processing and credit & rating agencies. Humaniq is just an idea.

Risk Management
Humaniq plans to offer "Direct Lending to Entrepreneurs". If they're lending directly, who is going to do the credit risk management? What will stop their default rates being sky high? How will they meet other risks, like compliance risks (anti money laundering, for example).

LakeBanker's Crowd-Banking model delivers exceptional risk management. When one user requests credit from the system, other LakeBankers with appropriate training can be hailed by the app and given the option to earn fees by providing the KYC verifications and due diligence checks. The low overheads here mean that LakeBanker can do much more due diligence than any regular bank (or Humaniq). They also do it better: LakeBankers will tend to be local and know their communities well. With our risks so well managed, our risk adjusted returns will be very high.

So. The LakeBanker's business model is very different from Humaniq's. (Our is much better).

thanks for your response.

could I know how to add a new coin on LakeBTC? costs, materials, requirements, etc.