Hi. Thanks for question and interest in project.
The funds raised from the ICO are necessary for:
- Improvement and development of the platform:
- exchange development
- expansion of cooperation with arbitration
- mobile application development
- Marketing and promotion of LoanBit platform
- Creation of the initial safety fund
- Development of verification service
- Operational costs of the platform (improvement of the working platform, salary, rent, maintenance of the office, establishing representative offices) for the testing period and the first year of operation in the full mode.