Limited Whitelist is open for 5 000 Token Sale Participants from Wednesday 15.11.ETHLend opens the limited whitelist for 5 000 token sale participants for on 25.11.2017 at 12 PM GMT. The link to the whitelist will be available on that time on
https://ethlend.io on the new website landing page.
Upon whitelisting, the participants must insert their details and the amount to contribute, submit identification and verify their email. Within 48 hours the applicant will receive an email on whether the participant is accepted or declined. We do not allow participation from US.
ETHLend is the first decentralized p2p-lending application live on the Ethereum Blockchain, that has already a working product and an international team, working eager on making finance more fair and accessible to everyone in the world today. We are bringing democracy to lending, erasing interest rate differences between countries and creating a trusted lending network, without the need for banks and governments. Someone from Tokyo can lend to someone from Delhi instantaneously, making lending borderless.
While ETHLend is continuing to develop the decentralized application further, the team also revealed details on the upcoming token sale. ETHLend introduced LEND token for contributors who are participating in the token sale. The main utility function of LEND is the ability to use it for paying deployment fees on ETHLend with a 25% discount compared to ETH. Additionally, ETHLend shall provide other privileges for LEND token holders based on the community suggestions once the DAPP has grown into a full scale lending market.
ETHLend is introducing continuous AirDrops for loyal Lend holders in such a way that DApp users will receive regularly LEND tokens based on their activity which can be used as a collateral only, strengthen the platform on the one hand and incentivising users to profit from decentralized lending on the other hand. Therefore, LEND is designed to create user adoption and more value for the product. When more users are using the application, there are more lenders and borrowers that would purchase the token from the market token holders.
Official ETHLend token sale details:
Whitelist: Opens on 15.11.2017 at 12.00 PM GMT
Starting: 25.11.2017 at 12.00 PM GMT
Ending: 27.12.2017 at 23.59 PM GMT or when the cap is reached
AMOUNT TO RAISE: 37 600 ETH
TOKEN FOR SALE: 1 000 000 000 LEND (deducted by 60 million pre-sold tokens)
LEND TOKEN PRICE: First 200 000 000 LEND: 27 500 LEND = 1 ETH
(price includes 10% bonus tokens)
Next 100 000 000 LEND: 26 250 LEND = 1 ETH
(price includes 5% bonus tokens)
Remaining LEND: 25 000 LEND = 1 ETH
Minimum amount to participate: 0.01 ETH
Decentralizing Lending.
Website:
https://ethlend.ioWhite Paper:
https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.mdTelegram:
https://t.me/ETHLendReddit:
https://www.reddit.com/r/ETHLend/Facebook:
https://www.facebook.com/ETHLend/YouTube:
https://www.youtube.com/watch?v=IGaoqUoL1F4&t=2sTwitter:
https://twitter.com/ethlend1Medium
https://medium.com/@ethlend1Steemit:
https://steemit.com/@ethlend