Wednesday, March 21, 2018

TOKENLEND


Traditional banking products and services are very old and sluggish because of all their bureaucracy and documents. In the world of transcontinental currency transfers, decentralized databases and smart contracts, people are still limited by their geographical location and residence. Different legislation, currency and complicated taxes make business activities more complicated than they should and may be. The lack of integration between financial services forces people to deal with many intermediary institutions with their own verification policies, costs and restrictions.

TokenLend is a reliable ecosystem helps the users to invest in secured loans using various cryptocurrencies and fiat currencies. Their platform will remove the uncertainties that come with small investors by helping them build a secured loan based investment portfolio that delivers a competitive, predictable and transparent solution. Tokenlend strives to help users worldwide benefit by lending funds with less risk and hassles. We believe that by using blockchain technology, we can make lending process easier and cheaper to use without the bureaucracy of traditional banking services.

The platform will release pre-arranged list of secured loans from trusted EU loan originators. They have a user friendly portal with a simple registration process. They also have person internally to revalidate the information filled in by the borrower’s which consists of personal details, pledge appraisal and LTV ratio. Once, these details pass TokenLand’s terms, regulations and criteria they will go on to be listed on the platform.
In the Initial Coin Offering (ICO) campaign, TokenLend will offer a Lend Coin token (TLN) for sale. The TLN Token is a digital representation of the rights to exclusive membership on the TokenLend platform. TLN holders have the ability to invest the desired amount of funds from their accounts into every available loan listed on the TokenLend P2P platform.The account balance on the platform represents the number of TLN tokens stored in the Etherealum of a member TokenLend account at any given time. The TLN token will be traded outside the TokenLend platform. Since they are the ERC-20 tokens, they will have an inherent value on the exchange. Tokens purchased during ICO campaigns will provide two types of revenue for holders.

Token holders can use TLN to invest in registered loans on the platform and receive revenue like other platform users. However, only ICO participants will receive a regular revenue share from platform operations. The TLN token holder is guaranteed a share of the company's profits. The distribution size will be determined by the proportion of tokens associated with each member's account on the date of payment.

The LPN market will allow users to trade LPN with each other, this is only available to registered users. Users are not required to sell at the original cost of LPN, they can send orders for a certain LPN according to the desired price at TLN.
Users can also add comments and details about LPN to be sold. All transactions will be done by sending TLN from one address to another. LPNs will be considered to be sold once the TLN transaction is confirmed by the Ethereum network and at which time the LPN owner changes automatically.

TLN Token ICO
  • Total supply: 130 411 585 TLN
  • ICO supply: 93 750 000 TLN
  • Token price: 1 ETH = 2 500 TLN
  • Soft cap is: 5 000 ETH
  • Hard cap is: 41 000 ETH

The token is denoted by the symbol TLN and it entitles the membership on the TokenLend platform. They are ERC-20 tokens, with the exchange rate of 1 TLN = 0.0004 ETH and 1 ETH = 2500 TLN. A total of 473 466 667 TLN tokens will be created for the purpose of sale and upto 33 142 666 TLN tokens will be sold during the pre sale.
The start date of the crowdsale is fixed at 6th of March 2018 and will go on for 45 days. The presale is set to cap a total of 11047 ETH and will begin on 1st of March 2018 and run for 11 days. At the end of ICO, the TLN tokens will be transferable for upto 7 days. They also have various pre-sale bonuses depending on the total purchase.

For more complete information please visit links :
 

author:

https://bitcointalk.org/index.php?action=profile;u=1153822
0x7bdf35C638AC00d1A21F9Df3A1e632B30Fa058aC
 


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