Loan Token available for purchase in 25 days
The LendLedger crowdsale opens on October 30th at 12am EST with 15% of the project's available tokens for sale to the public. In preparation LendLedger released this "What you need to know" guide https://medium.com/lendledger/lendledger-crowdsale-opens-october-30-2018-what-you-need-to-know-6413546155da. We ALSO released this two part series discussing the Credit Node.
When we started building our protocol we came across a dilemma. On the one hand we wanted to use our tokens for distributing loans - as such making them currency. On the other we wanted to raise through an ICO and knew that with a public token sale our token price would be prone to volatility. So...we adopted a two token system. LOANtoken is what will be sold in our public sale on October 30th and Ledger Credits are internal, non-fungible accounting units used in the system. We have an actor called a Credit Node who both exchanges one for the other and keeps the system going by staking a percentage of tokens for every loan made on the platform. Click on the image below to learn more.
