Your projects seems like anothert ponzi scheme, I wouldn´t recommend anyone to invest.
"Also the owner of the website: cryptolend.club is using a service to hide their identity"
Look here: https://www.scamadviser.com/check-website/cryptolend.club
Topic: ⚡⚡[ANN]⚡⚡[AIRDROP] ⛔️⛔️ CRYPTOLEND ⛔️⛔️ ✔✔ [ 1% DAILY RETURNS IN TRUEUSD ] ✔✔ ⚡⚡ - page 2. (Read 380 times)
February 03, 2019, 06:30:03 AM
February 03, 2019, 05:51:20 AM
Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
Funds are converted to TrueUSD Tokens and held in a reserve; distributing 1% of its reserve to users.
February 03, 2019, 05:12:15 AM
Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
40% of the total funds raised will be converted from ETH to TrueUSD Tokens.
Why? --> TrueUSD Tokens will be sent to Cryptolend's TUSD Reserve Smart-contract #1.
Example;
If 200k USD is raised via token sale, 80k USD would be converted to TrueUSD Tokens & held in a reserve smart-contract #1. Users deposit a maximum USD value of 80k in ETHCOIN Tokens, -- The equal amount being transferred in TrueUSD (TUSD) Tokens to Cryptolend's TUSD Reserve Smart-contract #2, where it will start the process of it's daily automated distribution of 1% of its total reserve supply to those who lent ETHCOIN tokens.
A new TUSD Reserve Smart-contract #1 is created once the previous one depletes it's TrueUSD supply.
1. TUSD Reserve Smart-contract #1 -> Contains $80K USD in TrueUSD Tokens.
2. Users deposit ETHCOIN Tokens to Smart-contract #1 -> Max. 80K USD in ETHCON Tokens can be deposited.
3. TrueUSD Tokens are transferred to Smart-contract #2; same USD value as deposited ETHCOIN.
4. Receive 1% of your deposited USD value daily for 100 days in TrueUSD Tokens from TUSD Reserve Smart-contract #2.
February 03, 2019, 04:02:10 AM
Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
February 03, 2019, 12:57:55 AM
Example;
1. If our hardcap is reached, 40% will be converted to TrueUSD tokens held in a reserve.
2. Therefore, approx. 80K USD in TrueUSD tokens will be held in a reserve smart-contract.
3. The reserve smart-contract will then accept up to a maximum of 80k USD in ETHCOIN deposits.
4. The TrueUSD Tokens will then be transferred to TrueUSD reserve smart-contract #2 -> where it will distribute 1% of it's total reserve to those who deposited ETHCOIN tokens to the TrueUSD reserve smart-contract #1.
5. A new TrueUSD reserve smart-contract #1 will be created once the reserve has been depleted, enabling ETHCOIN deposits to commence once again.
So; If you deposit 10k USD in ETHCOIN tokens to the TrueUSD reserve smart-contract #1 , the equal amount (10K USD in TrueUSD) will be transferred to the TrueUSD reserve smart-contract #2, where you will receive 1% of 10k USD daily for 100 days from the TrueUSD reserve.
This process insures your original USD investment is secured.
1. If our hardcap is reached, 40% will be converted to TrueUSD tokens held in a reserve.
2. Therefore, approx. 80K USD in TrueUSD tokens will be held in a reserve smart-contract.
3. The reserve smart-contract will then accept up to a maximum of 80k USD in ETHCOIN deposits.
4. The TrueUSD Tokens will then be transferred to TrueUSD reserve smart-contract #2 -> where it will distribute 1% of it's total reserve to those who deposited ETHCOIN tokens to the TrueUSD reserve smart-contract #1.
5. A new TrueUSD reserve smart-contract #1 will be created once the reserve has been depleted, enabling ETHCOIN deposits to commence once again.
So; If you deposit 10k USD in ETHCOIN tokens to the TrueUSD reserve smart-contract #1 , the equal amount (10K USD in TrueUSD) will be transferred to the TrueUSD reserve smart-contract #2, where you will receive 1% of 10k USD daily for 100 days from the TrueUSD reserve.
This process insures your original USD investment is secured.
February 03, 2019, 12:51:47 AM
//moved
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