Re: [ANN][PRE-ICO] LoanBit - P2P lending & investment

Tell me, do I understand the idea of the project correctly? If I have free funds, then I can lend to other users of the project and earn on it. Right?

Good question. I started to study the documents of the project, I think there is an answer. But I think that it is possible, it would be logical.

Then there is a logical question of how not to get on the swindler? Or will the project act as guarantor of transactions?

Thanks for your question and interest in our project.
LoanBit platform will verify loan applications in order to relieve the investor from viewing absurd and unreasonable applications. There also is Safety fund for partial insurance of loan granted on the platform.