|Token price||25,000 LEND = 1 ETH|
|Tokens for sale||1,000,000,000|
First 200kk LEND 10%
Next 100kk LEND 5%
|Soft cap||37 600 ETH|
|Escrow||Entity behind the token sale: Block Research OÜ - Reg: 14331108 - Tartu mnt 80, Kesklinna linnaosa, Tallinn, Harju maakond, 10112, Estonia|
ETHLend brings decentralized lending on the Ethereum Blockchain. ETHLend enables everyone to participate and profit from international lending. It decentralizes the entire process using Blockchain technology and takes lending from banks and regulators to everyone, empowering every participants to lend in a free market.
This leads to fair interest rates all over the globe. This brings international access to free markets and new ways to participate in lending, where everyone, not only banks, is able to profit. The blockchain advantages are, fast transactions, security by design and through the use of tokens as collaterals for loans and excellent execution through smart contracts.
ETHLends timeline that aims to create major advantages: FIAT-pegged lending, allowing lenders and borrowers to receive loans and payback in FIAT, avoiding crypto volatility and increasing use cases; Crowd lending, allowing for large loans to be financed by a crowd, distributing the risk and increasing the volume of loan fundability; Automated Credit risk assessment through an advanced machine learning algorithm.
No one can stop your lending or borrowing, not even ETHLend. All lending is possible via the Ethereum Smart Contract. No assets are held by ETHLend
Every transaction is visible. All transactions are open for block-explorers. You can follow on what is happening with your loan Smart Contract
Address 2 Address
You do not need a bank to lend or borrow. With the Ethereum network, loans are sent within seconds or minutes. No middle-men, just the borrower and lender.
We believe that interest rates should not vary based on where you live. We believe that everyone should have access to low interest rates.
Access 2 Finance
We provide the ability to borrow even in locations where there are no banks in sight. People lend Ether to people. You do not need a bank account to get a loan.
Interest rates should not be decided by politics, economic policies or banks. Interest rates should be decided by the people.
Total of 1 000 000 000 (one billion) LEND is released for sale.
Additionally, 300 000 000 LEND is held for development fund to incentivise the development team and to recruit more talent for ETHLend. There will be no follow-up sale on LEND.
60 000 000 LEND (6%) tokens from the total amount is pre-sold for early participants
80% of LEND is locked once Token Sale distribution has ended
60% of LEND is locked after 6 months from Token Sale distribution
40% of LEND is locked after 12 months from Token Sale distribution
20% of LEND is locked after 18 months from Token Sale distribution
0% of LEND is locked after 24 months from Token Sale distribution
30% on core development
20% on user experience development
20% on management & legal
20% on promotions & marketing
10% on unexpected costs
The funding goal for pre-sale is 2 000 ETH.
The funding goal for token sale is 37 600 ETH.
Pre-sale starts on 25 September 2017 at 12 PM GMT.
Pre-sale ends on ends on 25 October 2017 at 23.59 PM GMT.
Token sale starts on 25 November 2017 at 12 PM GTM.
Token sale ends on 27 December 2017 at 23.59 PM GTM.
Social Media campaign: (7,5 million LEND) (+2,5 million LEND for Contributions from Week 3 onwards!)
Blog and Media Campaign: (5 million LEND)
Translation Campaign: (5 million LEND)
Signature Campaign: (7,5 million LEND)
Stani Kulechov - Founder
Jordan Lazaro Gustave - Head of Management
Martin Wichmann - Head of token sale
Kersten Schütze - Head of corporate strategy
Sergej Stein - Financial advisor
Adnan Javed - Legal advisor
Jitendra Chittoda - Technical advisor
Amir Dib - Technical advisor
Jin Park - Head of Marketing
Edmund To - Full stack software engineer
Jesmer Wong - Developer & Advisor
Anastasija Plotnikova - Russian advisor & translations
Nolvia Serrano - Media Correspondent
Disa Braun - Copywriting & Brand advisor
Scott Malsbury - Head of communications
Rowan Van Ginkel - Graphics & Visualisation
Luca Cotta - Community Manager
Opinder Preet Singh - Local advisor in Indian subcontinent
Kelly Ann Pope - Social media manager
White Paper on Decentralized Lending on Q2 2017 (milestone achieved)
Creating an entity for Token Sale on Q3 2017 (milestone achieved)
LEND Token Pre-Sale on Q3 2017 (milestone achieved)
LEND Token Sale on Q4 2017
Relocating to Zug, Switzerland on Q1 2018
Promoting to get LEND on Exchanges from Q1 2018
Airdrops for LEND starts on Q1 2018
Opening Suggestions Venue for Public on Q4 2018
Creating and Testing Democracy DAO on Q4 2018
Voting on Suggestions Deployed on Q1 2019
Vesting for LEND Ends on Q4 2019