Lendelta ICO Review: The Working Intelligent Trading Platform
4/5 – Very Good
Lendelta is a decentralised and secure marketplace for P2P lending agreements that use blockchain and SmartContacts. It is an alternative banking system to help investors lend fund with minimal risk and high returns. The company wants to give 500 million consumers access to basic financial services.
It is Lendelta’s missions to make the first AI Trading Bot of its kind, called DLTA. This intelligent bot combines innovative and classical approaches to trading. DLTA is a welcome solution to current problems with trading platforms such as data inaccuracy and time-consuming processes.
Alongside this project, Lendelta is also developing a trading platform for web and mobile use. It is a platform that will provide resources such as trading strategies, evaluation, serialised and evaluated data.
DLTA will use a scraping algorithm that will collect and analyse the latest news from reliable sources. It decides whether the news is important and if it contains positive or negative information. It is a hands-free automated environment that also offers a mobile wallet app which serves as a safe and easy way for customers to store and use DLTA tokens.
3/5 – Good
According to their whitepaper, the members of their team came from reputable financial institutions such as Citibank, HSBC, Amex and RBS. They are professionals who have experience in launching tech startups. Having banking and financial tech background allows them to tackle some of the serious problems in the industry.
It would have seemed a very impressive ensemble if they had provided basic info like perhaps names, contact details or anything else to prove their claim. Afterall, Lendelta can benefit from earning the trust of the people by introducing the real faces of their team.
3/5 – Good
Lendelta (DLTA) is an ERC20 token that is running on the Ethereum network. DLTA holders can choose to lend a part or all of their tokens. In exchange for this, they receive 1.2% ROI every day. It gives investors a chance to earn from selling DLTA or using DLTA.
DLTA token holders can choose between three income strategies. They could either be lending, staking or trading.
Lendelta will have two rounds of token sales, as well as a pre-sale on July 25, on which 4%, will be sold at a value of $0.25. For the first round on September 1, 24% will be sold at $0.50 and 42% at $0.75 for the next round on September 21.
At the start of the pre-sale, 1 ETH will be equivalent to 1800 DLTA. During the first and second round, it will drop to 900 DLTA and 600 DLTA consecutively.
2.5/5 – High Risk
What gives Lendelta an edge compared to other projects is that they already have a working product. However, the feature that concerns users the most is the AI trading bot that can scrap recent crypto news information from the web and determine if its good news or bad and be able to match it with traditional trading strategies to earn profit for its token holders.
The problem is we are at the very early stages of machine-learning technology and it will likely be many years away for us to largely benefit from it. Moreover, they don’t show any technical details on why their bot is going to deliver profits and not the other way around. At the very least their code should be audited.
Overall, their business plan and project is well thought out although they have more to prove to earn the trust of the future investors. Their already working DLTA that has been already tested on two markets gives them the points they needed to be considered a medium risk investment.
3/5 – Good
Lendelta’s project looks pretty solid with DLTA already working and tested. For the future, they would be working on updating and making DLTA even better for users. DLTA will be a valuable tool that gives value to analysing data and news for making decisions on your investments.
We like that their goals are ambitious but reasonable. Their strategies are designed to ensure they could provide consistent and steady returns to their investors despite the status of the market, which is good. We think it is a good project, although there are still risks to consider.
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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
Ambitious but Reasonable
Ambitious but Reasonable
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