i saw that there is 3% allocation for airdrop but is there any estimate time when will you do the airdrop?
and for how long will the airdrop ended?
Topic: Polkadot Ecosystem’s Unsecured Lending System — — Bandot Project Analysis (Read 58 times)
April 28, 2021, 09:41:01 AM
April 28, 2021, 09:36:08 AM
Just one question. What do you mean by Unsecured Lending system here??
It seems people need collateral to borrow money from bandot project. Which is basically same as any other crypto lending platforms. So I see no reason to call Bandot project as unsecured lending system.
Can you please explain?
It seems people need collateral to borrow money from bandot project. Which is basically same as any other crypto lending platforms. So I see no reason to call Bandot project as unsecured lending system.
Can you please explain?
April 28, 2021, 09:01:26 AM
I. introduction
Bandot is a cross-chain unsecured lending aggregation DeFi platform based on Polkadot, where ERC-20 holders can achieve cross-chain cryptocurrency liquidity by using their liquid digital assets as collateral. Bandot focuses on the cross-chain DeFi in an attempt to unlock the liquidity of staked assets other than Ethereum.
The whole Bandot network system is mainly composed of three modules:
1. Similar to MakerDao’s collateral lending system, where bUSD is the stablecoin within this system.
2. vAMM (Virtual Automated Market Maker) liquidity mechanism to provide price-feeding and DEX services.
3. Cross-chain unsecured lending system. When assets are used as collateral in the system, the user becomes a guarantor, with a guarantee limit, as well as being able to guarantee unsecured lending for others. The system uses a decentralized identity and introduces the concept of an insurance pool (includes external insurance products and the nodes’ own funds etc.) to offset the borrower’s risk of “evading payment”.
II. Financing Situation
Softbank Group (Softbank UK), Candaq, NGC, Dealean, SNZ, Cabin VC, AU21, Gate, Lancer Capital, PNYX, Dorahacks, Zonff Partners, Altonomy, Hotbit, Oasis, YBB, BigOne, CRYPTO VENTURE, ZB Capital, IPFSMain, Glock Ventures, Polkafund, Polkadot Club, Crypto Venture Capital etc.
III. Token Distribution
The initial total amount is 2 billion tokens (which can be minted and burned)
Team: 10%. 30% will be released before listing, with the remaining to be released at a rate of 5% per month.
Seed round: 10%. 30% will be released before listing, the remaining 70% completely released in one year, with a schedule of once every 4 months.
Private round: 8%. 30% will be released before listing, the remaining 70% completely released in one year, with a schedule of once every 4 months.
Community and Development Award: 5%. No lock-up.
Strategic partners: 5%. Locked for 3 months, and then released linearly each month over half a year.
Project funding: 6%. 50% will be released before listing, the remaining 50% will be released in one go after six months.
Airdrop: 3%. No lock-up period.
Foundation: 10%. 20% will be released before listing, the remaining 80% will be released on a monthly basis over 1 year.
Mortgage reward: 41%. The mortgage reward will release 6.8% of the tokens in each period, where each release cycle will be 6 months, and the total amount released within 36 months.
IV. BDT’s Practical Value Analysis
1. Ecosystem governance: BDT can be used to initiate proposals, vote to determine the liquidation ratio, stabilize the rate, etc., and can be used for fund pool rewards and voting, and to a certain extent, encourage BDT holdings.
2. Movement of loans: In each market, 50% of BDT will be allocated to asset providers, and 50% of BDT will be allocated to borrowers in order to promote the borrowing and lending of funds.
3. Interest: The BDT is allocated to each loan market capital pool to pay the interest generated in that market.
4. Staking rewards.
Selling pressure:
Selling pressure of each round of fundraising
Cash out or unlocking by team and Foundation
Recent activities: specific details shall be subjected to relevant platform announcements
Time: Draw commences at 22:00, 28 April
Platform: MXC Exchange
Method: Draw by lot
Price: 0.02, no lock-up period
Total amount: 2.5 million BDT
List time: 21:00, 29 April
Time: Accepting buy offers from 12:00, 29 April
Platform: Gate.io
Type: Buy offers
Total amount: 5 million BDT
Single user limited to a maximum of 1000 units (each unit is 1000 BDT), 20000U
List time: 21:00, 29 April
Time: 09:00, 29 April
Platform: DODO
Type: IDO
Each whitelist limited to 150U
Total: 200 whitelists (there will be an appropriate excess, of around 220 lists)
Read More
Bandot is a cross-chain unsecured lending aggregation DeFi platform based on Polkadot, where ERC-20 holders can achieve cross-chain cryptocurrency liquidity by using their liquid digital assets as collateral. Bandot focuses on the cross-chain DeFi in an attempt to unlock the liquidity of staked assets other than Ethereum.
The whole Bandot network system is mainly composed of three modules:
1. Similar to MakerDao’s collateral lending system, where bUSD is the stablecoin within this system.
2. vAMM (Virtual Automated Market Maker) liquidity mechanism to provide price-feeding and DEX services.
3. Cross-chain unsecured lending system. When assets are used as collateral in the system, the user becomes a guarantor, with a guarantee limit, as well as being able to guarantee unsecured lending for others. The system uses a decentralized identity and introduces the concept of an insurance pool (includes external insurance products and the nodes’ own funds etc.) to offset the borrower’s risk of “evading payment”.
II. Financing Situation
Softbank Group (Softbank UK), Candaq, NGC, Dealean, SNZ, Cabin VC, AU21, Gate, Lancer Capital, PNYX, Dorahacks, Zonff Partners, Altonomy, Hotbit, Oasis, YBB, BigOne, CRYPTO VENTURE, ZB Capital, IPFSMain, Glock Ventures, Polkafund, Polkadot Club, Crypto Venture Capital etc.
III. Token Distribution
The initial total amount is 2 billion tokens (which can be minted and burned)
Team: 10%. 30% will be released before listing, with the remaining to be released at a rate of 5% per month.
Seed round: 10%. 30% will be released before listing, the remaining 70% completely released in one year, with a schedule of once every 4 months.
Private round: 8%. 30% will be released before listing, the remaining 70% completely released in one year, with a schedule of once every 4 months.
Community and Development Award: 5%. No lock-up.
Strategic partners: 5%. Locked for 3 months, and then released linearly each month over half a year.
Project funding: 6%. 50% will be released before listing, the remaining 50% will be released in one go after six months.
Airdrop: 3%. No lock-up period.
Foundation: 10%. 20% will be released before listing, the remaining 80% will be released on a monthly basis over 1 year.
Mortgage reward: 41%. The mortgage reward will release 6.8% of the tokens in each period, where each release cycle will be 6 months, and the total amount released within 36 months.
IV. BDT’s Practical Value Analysis
1. Ecosystem governance: BDT can be used to initiate proposals, vote to determine the liquidation ratio, stabilize the rate, etc., and can be used for fund pool rewards and voting, and to a certain extent, encourage BDT holdings.
2. Movement of loans: In each market, 50% of BDT will be allocated to asset providers, and 50% of BDT will be allocated to borrowers in order to promote the borrowing and lending of funds.
3. Interest: The BDT is allocated to each loan market capital pool to pay the interest generated in that market.
4. Staking rewards.
Selling pressure:
Selling pressure of each round of fundraising
Cash out or unlocking by team and Foundation
Recent activities: specific details shall be subjected to relevant platform announcements
Time: Draw commences at 22:00, 28 April
Platform: MXC Exchange
Method: Draw by lot
Price: 0.02, no lock-up period
Total amount: 2.5 million BDT
List time: 21:00, 29 April
Time: Accepting buy offers from 12:00, 29 April
Platform: Gate.io
Type: Buy offers
Total amount: 5 million BDT
Single user limited to a maximum of 1000 units (each unit is 1000 BDT), 20000U
List time: 21:00, 29 April
Time: 09:00, 29 April
Platform: DODO
Type: IDO
Each whitelist limited to 150U
Total: 200 whitelists (there will be an appropriate excess, of around 220 lists)
Read More
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