Cryptolend_ (OP)
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February 03, 2019, 05:51:47 AM Last edit: February 17, 2019, 12:11:54 PM by Cryptolend_ |
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//moved
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Cryptolend_ (OP)
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February 03, 2019, 05:57:55 AM Last edit: February 05, 2019, 08:13:39 AM by Cryptolend_ |
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Example; 1. If our hardcap is reached, 40% will be converted to TrueUSD tokens held in a reserve. 2. Therefore, approx. 80K USD in TrueUSD tokens will be held in a reserve smart-contract. 3. The reserve smart-contract will then accept up to a maximum of 80k USD in ETHCOIN deposits. 4. The TrueUSD Tokens will then be transferred to TrueUSD reserve smart-contract #2 -> where it will distribute 1% of it's total reserve to those who deposited ETHCOIN tokens to the TrueUSD reserve smart-contract #1. 5. A new TrueUSD reserve smart-contract #1 will be created once the reserve has been depleted, enabling ETHCOIN deposits to commence once again.
So; If you deposit 10k USD in ETHCOIN tokens to the TrueUSD reserve smart-contract #1 , the equal amount (10K USD in TrueUSD) will be transferred to the TrueUSD reserve smart-contract #2, where you will receive 1% of 10k USD daily for 100 days from the TrueUSD reserve.
This process insures your original USD investment is secured.
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aidit45@gmail.com
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payMe - P2E
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February 03, 2019, 09:02:10 AM |
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Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
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Cryptolend_ (OP)
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February 03, 2019, 10:12:15 AM |
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Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
40% of the total funds raised will be converted from ETH to TrueUSD Tokens. Why? --> TrueUSD Tokens will be sent to Cryptolend's TUSD Reserve Smart-contract #1.
Example; If 200k USD is raised via token sale, 80k USD would be converted to TrueUSD Tokens & held in a reserve smart-contract #1. Users deposit a maximum USD value of 80k in ETHCOIN Tokens, -- The equal amount being transferred in TrueUSD (TUSD) Tokens to Cryptolend's TUSD Reserve Smart-contract #2, where it will start the process of it's daily automated distribution of 1% of its total reserve supply to those who lent ETHCOIN tokens. A new TUSD Reserve Smart-contract #1 is created once the previous one depletes it's TrueUSD supply.
1. TUSD Reserve Smart-contract #1 -> Contains $80K USD in TrueUSD Tokens. 2. Users deposit ETHCOIN Tokens to Smart-contract #1 -> Max. 80K USD in ETHCON Tokens can be deposited. 3. TrueUSD Tokens are transferred to Smart-contract #2; same USD value as deposited ETHCOIN.4. Receive 1% of your deposited USD value daily for 100 days in TrueUSD Tokens from TUSD Reserve Smart-contract #2.
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Cryptolend_ (OP)
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February 03, 2019, 10:51:20 AM Last edit: February 04, 2019, 11:44:10 PM by Cryptolend_ |
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Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
Funds are converted to TrueUSD Tokens and held in a reserve; distributing 1% of its reserve to users.
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Cryptolend_ (OP)
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February 03, 2019, 11:57:03 AM |
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"Also the owner of the website: cryptolend.club is using a service to hide their identity"
Being anonymous does not make it a scam, it ensures the platform won't be shut down by authorities, no central point of failure.
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Mysbanickma
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February 03, 2019, 12:14:37 PM |
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Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
It seems like all the members here still don't understand the project they are making, I hope they will answer for us
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Cryptolend_ (OP)
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February 03, 2019, 12:19:58 PM |
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Hello dev, what is this. Why you need to convert the Fund from the token sale to TrueUSD. And what the project offer in the future
It seems like all the members here still don't understand the project they are making, I hope they will answer for us Contribute Min. 1 ETH -> Receive 3900 Bonus ETHCOIN Tokens. Limited to the 1st 100 unique ETH addresses.
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pinoycash
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February 03, 2019, 03:08:14 PM |
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With 1% Daily for 100 Days its surely a red flag as another ponzi scheme trying to mask it by creating tokens to hide the scheme.
Anything with the team? are you planning to under KYD anytime soon?
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Cryptolend_ (OP)
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February 03, 2019, 04:21:07 PM |
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With 1% Daily for 100 Days its surely a red flag as another ponzi scheme trying to mask it by creating tokens to hide the scheme.
Not quite, as the 1% daily returns are secured by TrueUSD Token Reserve.
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Locotoni
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February 03, 2019, 07:42:00 PM |
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HM. whats mean this? you think Jaxx is erc20? end ethereum is wallet? i think this project is created by 12 years old newcomer or Scammer. you are 12 years old?
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Cryptolend_ (OP)
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February 03, 2019, 11:57:09 PM |
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HM.
whats mean this? you think Jaxx is erc20? end ethereum is wallet?
Issue has been fixed You have to send ETH funds from your personal Ethereum wallets like MyEtherWallet, Metamask. DO NOT send funds from exchanges like Coinbase,Bittrex, Poloniex etc. DO NOT send your funds to any other address. Set the Gas Limit to 100,000 - 200,000 (Unused gas will be returned) ETHCOIN Token will be sent immediately to the wallet from which the ETH arrived. Send ETH To Contribution Address: 0x4fE1Fc39959194c9FA777bC8a09e69f66182309C (**SEND ETH TO THIS ADDRESS**) ETHCOIN Token Contract: 0xbf0F568a0d8833b84a7d872d40716C7218Ddfb2c (**DO NOT SEND ETH TO THIS ADDRESS**) Token Symbol/Ticker: ETHCOIN. Decimals: 18.
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Cryptolend_ (OP)
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February 04, 2019, 12:32:29 AM |
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[ TUSD Reserve Smart-contract #1 ]
Reserve Supply Containing TrueUSD Tokens. Only Accepts ETHCOIN Tokens As Deposits, Instantly Transferring The Equivalent USD Value In TrueUSD To The TUSD Reserve Smart-contract #2. TUSD Reserve Contract #1 Sends TrueUSD Tokens To TUSD Contract #2, Based On The Initial Deposited USD Value Of ETHCOIN Tokens. TUSD Contract #1 Can Only Withdraw Reserve Funds To Cryptolend's TUSD Reserve Smart-contract #2. A New TUSD Reserve Smart-contract #1 Is Created Every 100 Days. Example; TUSD Reserve Smart-contract #1 Holds 50,000 TrueUSD Tokens; Therefore, A Maximum Of $50,000 USD In ETHCOIN Tokens Can Be Deposited. After $50,000 USD Worth Of ETHCOIN Tokens Have Been Deposited, TrueUSD Tokens Transfer To The TUSD Reserve Smart-contract #2.
[ TUSD Reserve Smart-contract #2 ]
Reserve Supply Containing TrueUSD Tokens; Sent From TUSD Reserve Smart-contract #1. Receives TrueUSD Tokens From The TUSD Reserve Smart-contract #1. Users Receive Their Daily 1% Interest Returns From TUSD Reserve Smart-contract #2; Ensuring Their Initial Invested Capital. Fully Automated Process, Governed By Ethereum Smart-contracts. Example; Once TUSD Reserve Smart-contract #1 Transfers 50,000 TrueUSD Tokens To TUSD Reserve Smart-contract #2, The Tokens Are Then Held & Locked Within, Distributing 1% Of Its Reserve Supply Daily To Those Users Who Deposited ETHCOIN Tokens To Reserve Smart-contact #2; This Is A Continuous, Unstoppable Process Occurring For 100 Days.
[ ETHCOIN Lending Example ] - Lend between $100 USD - $50,000 USD In ETHCOIN Tokens.
Receive 1% Daily Interest On Your Principle Investment, In TrueUSD (TUSD) Tokens. Funds Are Withdrawn From The TUSD Reserve Smart-contract #2. Receive Principle (USD) Amount Back In ETHCOIN's After 100 Days. Example; Lend $5000 USD In ETHCOIN Tokens, Receive $50 Daily In TrueUSD (TUSD) Tokens. After 100 Days; Receive Your Initial Investment Of $5000 USD Back In ETHCOIN Tokens. $10,000 USD Total After 100 Days; 100% Return On Investment.
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FLHippy
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February 04, 2019, 07:40:04 PM |
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Why people should do this airdrop when it is confirmed that it is a ponzi coin? Your coin will never be listed on any exchanges. And if someone will follow you will receive negative trust for promoting ponzi.
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logfiles
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Top Crypto Casino
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February 04, 2019, 09:32:46 PM |
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Cryptolend_ (OP)
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February 04, 2019, 11:41:19 PM |
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Why people should do this airdrop when it is confirmed that it is a ponzi coin? Your coin will never be listed on any exchanges. And if someone will follow you will receive negative trust for promoting ponzi. Except, it is not a ponzi, there is no referral system where users receive 'x' % of other users deposited value. We will definitely be listed on external exchanges, as well as launching our own internal erc20-based decentralized exchange. This is not a ponzi, users receive their 1% daily returns from the TrueUSD reserve supply.
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FLHippy
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February 05, 2019, 07:55:54 AM |
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Why people should do this airdrop when it is confirmed that it is a ponzi coin? Your coin will never be listed on any exchanges. And if someone will follow you will receive negative trust for promoting ponzi. Except, it is not a ponzi, there is no referral system where users receive 'x' % of other users deposited value. We will definitely be listed on external exchanges, as well as launching our own internal erc20-based decentralized exchange. This is not a ponzi, users receive their 1% daily returns from the TrueUSD reserve supply. And I thought that ponzi scheme is a scheme where first comers are paid and others are not because funds are quickly exhausted. And referral program is little bit diffrent and can not be considered as a scam in most cases.
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Cryptolend_ (OP)
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February 05, 2019, 08:09:31 AM |
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Why people should do this airdrop when it is confirmed that it is a ponzi coin? Your coin will never be listed on any exchanges. And if someone will follow you will receive negative trust for promoting ponzi. Except, it is not a ponzi, there is no referral system where users receive 'x' % of other users deposited value. We will definitely be listed on external exchanges, as well as launching our own internal erc20-based decentralized exchange. This is not a ponzi, users receive their 1% daily returns from the TrueUSD reserve supply. And I thought that ponzi scheme is a scheme where first comers are paid and others are not because funds are quickly exhausted. And referral program is little bit diffrent and can not be considered as a scam in most cases. This is NOT how our platform works, you are still mistaken. Example; 1. If our hardcap is reached, 40% will be converted to TrueUSD tokens held in a reserve. 2. Therefore, approx. 80K USD in TrueUSD tokens will be held in a reserve smart-contract. 3. The reserve smart-contract will then accept up to a maximum of 80k USD in ETHCOIN deposits. 4. The TrueUSD Tokens will then be transferred to TrueUSD reserve smart-contract #2 -> where it will distribute 1% of it's total reserve to those who deposited ETHCOIN tokens to the TrueUSD reserve smart-contract #1. 5. A new TrueUSD reserve smart-contract #1 will be created once the reserve has been depleted, enabling ETHCOIN deposits to commence once again.So; If you deposit 10k USD in ETHCOIN tokens to the TrueUSD reserve smart-contract #1 , the equal amount (10K USD in TrueUSD) will be transferred to the TrueUSD reserve smart-contract #2, where you will receive 1% of 10k USD daily for 100 days from the TrueUSD reserve. This process insures your original USD investment is secured.
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