TOKEN SALE ADDRESS HAS BEEN ANNOUNCED
LEND token sale page is live at:
https://lend.ethlend.ioCaution: Verify that the address in your address bar is the same as above.
TOKEN SALE ADDRESS
On the token sale page you will see the address as:
https://twitter.com/ethlend1/status/911922722908844032Verify the address from 2-3 different sources (lend.ethlend.io, Telegram, Twitter, Facebook, Discord).
Do not send Ether before 25 September 2017 at 12 PM GMT (1PM London time), your transaction will fail.
ADDRESS ON ETHERSCAN:
https://etherscan.io/address/0x80fb784b7ed66730e8b1dbd9820afd29931aab03TOKEN SALE INSTRUCTIONS
There are instructions on how to participate on the token sale with various languages.
Follow these instructions carefully.
We recommend to use 300 000 as gas.
COMMMUNICATION
FOR OFFICIAL ANNOUNCEMENTS, ETHLEND uses TWITTER:
https://twitter.com/ethlend1Use only Telegram and KakaoTalk for interation with the team.
FOR OFFICIAL ANNOUNCEMENTS, ETHLEND uses TWITTER:
https://t.me/ETHLend for English (Official)
During the token sale use primarily the official English group as a primarily channel to interact with the team.
https://t.me/ETHLend_ES for Spanish
https://t.me/ETHLend_ITA for Italian
https://t.me/ETHLend_DE for German
https://t.me/ETHLend_RU for Russian
https://open.kakao.com/o/ggmnLmz for KoreanDO NOT USE SLACK AND DO NOT TRUST THE SLACKBOT.
Mind that we do not send private messages on Slack or Telegram.
On Telegram, our Founder Stani Kulechov username is @skulechov and display name is "Stani Kulechov Founder of ETHLend". Verify this information when you read posts relating to the contribution address. Stani does not send private messages.
RESTRICTIONS TO PARTICIPATE
We will not allow anyone from the U.S, Hong Kong or Singapore to participate in our token sale. To provide the right information will be the responsibility of the contributor.
Do not send ether from exchanges (these include Coinbase, Poloniex, Kraken or any other).
Do not use JAXX.
Do not use Multi-signature wallets.
CHECKING LEND BALANCE
Once you have sent Ether to the contribution address, you can check your LEND balance from the token sale page.
TRANSFERRING LEND
You cannot transfer LEND until the whole token sale period is over, latest on 9 December or when the cap is reached.
ETHLend pre-sale ICO details:
Starting: 25.09.2017 at 12.00 PM GMT (1 PM London time)
Ending: 25.10.2017 at 23.59 PM 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 already 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 AT 12.00 PM GMT (1 PM London time)
Ending: 9.12.2017 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 pre-sold tokens)
LEND TOKEN PRICE: First 200 000 000 LEND: 27 500 LEND = 1 ETH
(price includes already 10% bonus tokens)
Next 100 000 000 LEND: 26 250 LEND = 1 ETH
(price includes already 5% bonus tokens)
Remaining LEND: 25 000 LEND = 1 ETH
DEVELOPER FUND: 300 000 000 LEND
MAXIMUM TOTAL SUPPLY: 1 300 000 000 LEND (inc. developer fund)
How LEND is used in ETHLend?
On Entry to ETHLend
Discount: LEND enables 25% discount the deployment fees for a loan request and for funding a loan request on decentralized lending application.
On Use of ETHLend
Airdrops and Rewards: ETHLend uses flat 20% of the collected platform fees (upon loan request and funding a loan) to purchase back LEND from the market. This purchased LEND shall be distributed to the active lenders and borrowers (monthly or quarterly) based on activity.
The aim is to deliver strong token to the market and reward the token sale participants for early adoption. More info on the upcoming token sale:
https://lend.ethlend.io/faq.html
