Not one but two tokens!

[Lendledger]

Not one but two tokens!

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. Last week part one was received with great excitement from our Community, now here's part 2. Click on the image to read!

[toyo87]

What is it all about?

[toyo87]

Can we have a detailed announcement?

[hashcoin]

This LEND LEDGER  project will provide 15% of tokens available for sale to the public, give me information about the distribution from of all tokens provided. if 15% will be sold to the public, 85% from of the total tokens are distributed for what and who?

[Lendledger]

What is it all about?

Hi toyo, please be more specific about what you need to know. This post is in reference to the fact that LendLedger operates on a two token system. One token, LOAN, is for sale to the public and will as such be volatile and inappropriate for using to make loans. Our second token Ledger Credit, is a non-fungible accounting unit used to make loans within the system. We have an actor called a Credit Node who makes exchanges between the two; staking LOAN to release Ledger Credit. See our Tech Paper for more information.

[Lendledger]

This LEND LEDGER  project will provide 15% of tokens available for sale to the public, give me information about the distribution from of all tokens provided. if 15% will be sold to the public, 85% from of the total tokens are distributed for what and who?

Hi hascoin, thanks for your question. You can find all the information you're interested in in our Token Sale Paper (https://lendledger.io/images/LendLedger_Token_Paper.pdf?pdf=LendLedger%20Token%20Paper) however the breakdown is as follows: 45% of tokens will be available to our community in our variant sale stages. Currently the 15% is only available to non-UK,US, or China persons willing to contribute the equivalent of $10,000 USD in our private sale phase. If you're interested please reach out to hello@lendledger.io. Of the remaining 55%, 10% will go to Advisors & Sales Expenses, 15% to the Team and 30% to Operations & Growth.