LendingStar Exchange (LSX), a company that claims to be the worlds first invoice trading platform based on Blockchain, kicks off its Initial Coin Offering today (October 25th). LendingStar launched a private token sale earlier this month to invitation only investors. While no details have been shared about the private sale, organizers are predicting big things for the invoice exchange. Launched in 2017, the LendingStar marketplace is expected to generate $5 million in purchased invoices during the year. That number is expected to jump in a big way to $150 million in 2018.
— LendingStar (@lendingstar) October 19, 2017
According to the company, LendingStar plans to issue 70M “LST” tokens during the crowdsale. The proceeds of which will go towards the development of LSX on the blockchain and primary marketplace expansion into new countries. LendingStar Exchange wants to be the “one exchange to unite them all.” Can they do it? I don’t know but it is an interesting concept. The White Paper is available here.
Slava Artamonovhttps://www.linkedin.com/in/slavaartamonov/, CEO of LendingStar, says their expectation is that their crowdsale investors will become retail investors in their marketplace, understanding the fundamental value in what we are creating.
LendingStar is registered in Singapore but operating in Malaysia.
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