Have you known a way of lending using blockchain to make the profit? This is about it. In the modern world of cross border currency transfers, decentralized databases and intellectual contracts, people are still limited by their geographical location and place of residence. Different laws, currencies and complex taxation make business activities more the complex than it should and can be. The lack of integration between financial services forces people to handle numerous intermediary institutions with their own verification policies, fees and limits. This can turn a seemingly simple operation into a massive headache. The Tokenlend platform seeks to help users around the world make a profit by lending funds with fewer risks and problems. The developers believe that using blockchain technology, people can simplify the process of lending without the bureaucracy of traditional banking services. The online lending market is created where people can borrow money without the need of any third party. Investors can find secured loans to invest in the lending market, which are carefully selected from around the world. The lending market also exists on a platform to create immediate liquidity. An intellectual contract is used to create secure and transparent loans on a platform, to which anyone from all over the world can invest.
TokenLend(TLN)-The Project
The TokenLend project is the culmination of investment experience, as well as extensive experience in software development. The main objective of the project is to create a reliable ecosystem that provides a full service for providing loans to all parties involved. TokenLend will provide someone around the world with the opportunity to invest in real estate loans using various crypto currencies. This platform will eliminate the uncertainties that small investors usually face, helping them create an investment portfolio with a guaranteed loan that provides a competitive, predictable and consistent return. The platform will contain a list of carefully selected and pre-tested secured loans available for investment. TokenLend will accept loans only from trustees who issue EU loans. The presence of a legal entity as a counterparty will allow us to take in advance the necessary measures for the timely receipt of payment by the creditor and reduce the risk of default. TokenLend staff will repeatedly check the information received by the loan author, including the borrower's personal information, collateral information, valuation and LTV ratio. Loans will be transferred only on the platform if they meet the strict criteria for choosing a TokenLend loan.
Now Its ICO Time
During the initial coin placement (ICO) campaign, TokenLend will offer Lend Coin (TLN) tokens for sale. TLN points represent a digital representation of the right to exclusive membership on the TokenLend platform. TLN owners have the opportunity to invest the desired amount of funds from their account in any of the available credits listed on the TokenLend P2P platform. The account balance on the platform is the number of TLN tokens stored in the TokenLend account's Ethereum account purse at any one time. The TLN will be available for use outside the TokenLend platform. Since they are markers of ERC-20, they will have an intrinsic value for exchange. Tokens purchased during the ICO campaign will provide owners of two types of income. Token owners can use the TLN to invest in any loan, specified on the platform, and receive revenue, like any other platform user. However, only ICO participants will receive a regular share of the proceeds from the platform. Owners of the TLN token are guaranteed to receive a share of the company's profits. The size of the distribution will be determined by the proportion of tokens associated with the account of each member on the date of payment. The LPN market will allow users to trade LPN among themselves, it is available only to the registered users. Users do not have to sell the original LPN base price, they can apply for sale for certain LPNs at the desired price in the TLN. Users can also add comments and data about LPN that will be sold. All transactions will be performed by sending a TLN from one address to another. LPN will be considered sold after the TLN transaction is confirmed by the Ethereum network, and at that moment the LPN owner will automatically change. Pre sale will start on March 1, 2018 and will work for 11 days and will be limited to 11047 ETH with a minimum contribution of 1 ETH. The sale will begin on March 26, 2018, the deposit period will be executed within 45 days. During the ICO there will be a soft the limit of 20,000 ETH and a tight limit of 140,000 ETH. All not sold tokens will be burned! Therefore, who did not have time, he was late. Participants wishing to contribute to the TokenLend platform development can do this using cryptoconversion and other payment methods. According to the source, the total number of tokens: 473,466,667 TLN, which allows participants to receive TLN tokens of 2500 TLN per ETH. In addition, they will have the opportunity to receive bonus tokens during the pre-sale and sensible trade.
Token Distribution
75% of the tokens will be distributed during the ICO. All unsold tokens will be burned, as mentioned earlier.
The Team Contribution
3% of the medals will be provided to our legal and advisory group for their contribution. These tokens will be blocked within a 12-month period. 14% of tokens will be allocated to the founders and the main TokenLend team. 50% of these tokens will be blocked during the 24-month period, and the remaining 50% will be blocked within 48 months. As without everyone's favorite company bounty. 1% of the funds will be allocated to the company's bounty. Oh, well, at least something will get "copywriters". Holders of TLN token are guaranteed to receive a share of the company’s profits. The distribution size will be determined by the proportion of tokens associated to each member’s account on the date of the payment. The LPN market will allow users to trade LPNs between one another, this is only available to registered users. Users are not obliged to sell at the original LPN principal price, they can submit sell orders for specific LPNs at their desired price in TLN. Users can also add comments and details about the LPNs to be sold. All transactions will be performed by sending TLN from one address to another. The LPNs will be considered sold once the TLN transaction is confirmed by Ethereum network and at which point the LPNs’ owner is changed automatically.
Official Links for More Details
Official Web : https://tokenlend.io/
Whitepaper : https://tokenlend.io/tokenlend_whitepaper.pdf
ANN THREAD : https://bitcointalk.org/index.php?topic=2548329
Telegram : https://t.me/tokenlend_bounty
Facebook : https://www.facebook.com/tokenlend/
Twitter : https://twitter.com/Tokenlend_news
My bitcointalk,
Name : rathnayake
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=1503176
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