ETHLend ICO

ETHLend is developing a global lending market where borrowers and lenders from all parts of the world can participate in lending. The aim of ETHLend is to provide a transparent and global lending market and to erase interest rate differences between countries by providing more liquidity to local lending markets. ETHLend solves key issues regarding to collaterals, decentralized credit rating and exchange volatility risks, which enables the concept of decentralized lending experience.

The team behind ETHLend consists of 20 people who share the same aim to deliver decentralized lending to everyone. ETHLend differs from most blockchain startups by the fact that the team introduced their alpha release in early May this year. Based on the practical findings, ETHLend provided a detailed White Paper on how decentralized lending might revolutionize the lending industry permanently.

While ETHLend is continuing to develop the decentralized application further, the team also revealed details on the upcoming pre token sale. ETHLend introduces 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.

Moreover, ETHLend will use 5% + additional 1–5% (depending on the previous year’s growth) of the application deployment fees to buy back LEND from the market and burn it. The idea is to buy LEND that is not used on ETHLend from the market to maintain the value of LEND. The effect is that the total supply of LEND is decreasing overtime and the percentage of the token holders ownership on LEND increases. Thus, ETHLend aims to deliver a strong token to the market.

The participants in pre-token sale will receive 20% bonus tokens as a reward for early contribution. The funding aim concerning the pre-token sale is 2 000 ETH (6% of total sold token), which will be used for financing further research and development of our decentralized lending application. The purpose of the pre-sale is also to prepare for the upcoming official token sale on the 25 November 2017.

ETHLend pre-sale ICO details:

Starting: 25.09.2017 at 12.00 GMT
Ending: 25.10.2017 at 23.59 GMT or when the cap is reached

AMOUNT TO RAISE: 2 000 ETH

TOKEN FOR SALE: 60 000 000 LEND (6% of total sold tokens)
LEND TOKEN PRICE: 30 000 LEND = 1 ETH
(price includes 20% bonus tokens for all pre-sale participants)

Minimum amount to participate: 1 ETH

Pre-sold tokens are deducted from the 1 000 000 000 LEND sold on official token sale. Additional 300 000 000 LEND is contributed to founders and developers fund to compensate the current and future efforts on ETHLend and to attract new talent on board.

ETHLend pre-sale ICO details:

Starting:   25.09.2017 kl. 12.00 GMT
Ending:   25.10.2017 kl. 23.59 GMT or when the cap is reached

AMOUNT TO RAISE:   2 000 ETH

TOKEN FOR SALE:   60 000 000 LEND (6% of total sold tokens)
LEND TOKEN PRICE:   30 000 LEND = 1 ETH
(price includes 20% bonus tokens for all pre-sale participants)

Pre-sold tokens are deducted from the 1 000 000 000 LEND sold on official token sale.

Official ETHLend token sale ICO details:

Starting:   25.11.2017 kl. 12.00 GMT
Ending:   9.12.2017 kl. 23.59 GMT or when the cap is reached

AMOUNT TO RAISE:   37 600 ETH

TOKEN FOR SALE:   1 000 000 000 LEND (deducted by 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

Discount: LEND enables 25% discount the deployment fees for a loan request and for funding a loan request on decentralized lending application.
Burnbacks: 5% + additional 1-5% (depending on previous year’s growth) of the deployment fees in ETHLend are use to buy LEND back from the market and burn the token. The aim is to remove insufficient and unused LEND from the market. This will decrease the total supply, making LEND more scarce with time and increasing the percentage of ownership of the token holders.

The aim is to deliver strong token to the market and reward the token sale participants for early involvement. More info on the upcoming token sale: https://about.ethlend.io/token-sale/

The Team

Introducing our team:

Stani Kulechov, Founder of ETHLend & Development, stani@ETHLend.io

https://www.linkedin.com/in/stanislav-kulechov-361284132/

Jordan Lazaro Gustave, Head of Management, jordan@ETHLend.io

https://www.linkedin.com/in/jordan-lazaro-gustave-32018976/

Martin Wichmann, Head of Token Sale, martin@ETHLend.io

https://www.linkedin.com/in/martin-wichmann-89722561/

Adnan Javed, Legal Advisor, adnan@ETHLend.io

https://www.linkedin.com/in/adnan-javed/

Sergej Stein, Financial Advisor & Blog, sergej@ETHLend.io

https://www.linkedin.com/in/sergej-stein/

Kersten Schütze, Head of Corporate Strategy, kersten@ETHLend.io

https://www.linkedin.com/in/kersten-sch%C3%BCtze-5ab3a2100/

Scott Malsbury, Head of Communications, scott@ETHLend.io

https://www.linkedin.com/in/scott-malsbury-a6260b12/?ppe=1

Jin Park, Head of Marketing, jin@ETHLend.io

https://www.linkedin.com/in/jin-park-27989ab8/

Rowan Van Ginkel, Graphics & Visualization

https://www.linkedin.com/in/rowanvanginkel/

Edmund To, Lead Junior Developer

https://www.linkedin.com/in/edmundto/

Anastasija Plotnikova, Advisor & Translations

https://www.linkedin.com/in/anastasija-plotnikova-9b972735/?ppe=1

Nolvia Serrano, Media Correspondent

https://www.linkedin.com/in/nolvia-serrano-ba7362b2/

Kelly Pope, Social Media

https://www.linkedin.com/in/smospider/

Andreas Haraldsvik, Slack Wizard

https://www.linkedin.com/in/andreas-haraldsvik-21140768/

Opinder Preet Singh, Local Advisor on Indian Subcontinent

https://www.linkedin.com/in/opinderpreet/

Stephen You, Head of Korean Desk

Follow us on social media:
Website: https://about.ethlend.io/token-sale/
White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md
Discord (Latest news and voice chats): https://discord.gg/nKjsStv
DAPP Thread: https://bitcointalk.org/index.php?topic=2013399
Telegram: https://t.me/ETHLend
Reddit: https://www.reddit.com/r/ETHLend/
Facebook: https://www.facebook.com/ETHLend/
YouTube: https://www.youtube.com/watch?v=IGaoqUoL1F4&t=2s
Twitter: https://twitter.com/ethlend1
Steemit: https://steemit.com/@ethlend

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