TOKEN SALE PAGE AND INSTRUCTIONS
LEND token sale page is live at:
https://lend.ethlend.ioThe full address of the token sale shall be disclosed on 24 September 2017.
Once the full address is revealed, verify it from 2-3 different sources (lend.ethlend.io, Telegram, Twitter, Facebook, Discord).
Do not send Ether before 25 September 2017 at 12 AM GMT, your transacion will fail.
TOKEN SALE INSTRUCTIONS
There are instructions on how to participate on the token sale with the following languages:
English, Spanish, German, Portuguese, Korean, Chinese, Japanese, Russian, Italian, Hindi, Indonesian, Romanian
Follow these instructions carefully.
We recommend to use 300 000 as gas.
COMMMUNICATION
Use only Telegram and KakaoTalk for interation with the team.
https://t.me/ETHLend for English (Official)
During the token sale use primarily the offocial 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 Korean
DO NOT USE SLACK AND DO NOT TRUST THE SLACKBOT.
Mind that we do not send private messages on Slack or Telegram. Therefoore do not trust if someone one asks you to send Ether to another address than the official address with these last 4 digits "ab03".
RESTRICTIONS TO PARTICIPATE
We will not allow anyone from the U.S. 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 (Full address that shall be revieled, with the last digits of "ab03"), you can check your LEND balance from the token sale page. LEND is sent to you immediately when you have sent Ether.
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 AM GMT
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 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 AM GMT
Ending: 9.12.2017 AT 23.59 AM 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 10% bonus tokens)
Next 100 000 000 LEND: 26 250 LEND = 1 ETH
(price includes 5% bonus tokens)
Remaining LEND: 25 000 LEND = 1 ETH
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://about.ethlend.io/token-sale/
