Have you known a system of giving chances to invest with loan everyone? This is about it. Token Lend is a project which wants to provide every person throughout the entire world with the chance to invest in loans which are secured with real estate using different crypto- as well as fiat currencies. The platform wants to get rid of the uncertainties which a lot of the smaller investors are facing. This is going to happen thanks to the constructing of a secured and trusted loan-based investment portfolio which is going to deliver predictable, competitive, and, most importantly, consistent returns.
About the project
The first thing to consider is what the value proposition is. Now, Token Lend offers three different things. These include
Loan Portfolio
The platform is going to be released with an already included and pre-arranged list of loans which are secured by trusted EU loan originators. It is going to boast a secure, user-friendly and easy-to-use interface.
Entirely Decentralized Architecture
The business logic behind the platform is to take advantage of the benefits which are brought forward by the blockchain technology. Using the capabilities of Ethereum, the project is going to deliver a fully functional and comprehensive platform with an array of capabilities and different opportunities.
Secondary Market
Token Lend is going to bring a convenient secondary market which is represented by the native token of the platform. This is something which users are going to be able to trade on the open exchange where it would be listed in order to gain access to an instantly liquid asset.
The platform attempts to provide substantial and consistent yields to its investors as well as real estate secured loans to its consumers. The interest rate shall vary between 10% and 14%. Furthermore, the borrower is also open to accept funds from any other source which is available at an interest rate of 5% to 8%. This is something to consider. The idea for TokenLend resulted from a culmination of our investment experience as well as our vast experience in software development. Our goal is to build a robust and reliable ecosystem that provides a complete fund lending service for all parties involved. TokenLend will give anyone across the globe the ability to invest in real estate secured loans using various crypto and fiat currencies. Our platform will remove the uncertainties which small investors normally face by helping them build a secured loan based investment portfolio that delivers a competitive, predictable and consistent return. The platform will contain a list of carefully selected and pre-checked secured loans available for investment. TokenLend will only accept loans from trusted EU loan originators. The presence of a legal entity as a counter party will allow us to take necessary measures in advance to receive timely payments by the lender and mitigate the risk of default. TokenLend personnel will re-validate information received by the loan originator, including the borrower’s personal details, pledge information, appraisal and LTV ratio. Loans will only be listed on the platform if they meet TokenLend’s stringent loan selection criteria.
TokenLend(TLN)-The Token
During the Initial Coin Offering (ICO) campaign, TokenLend will offer Lend Coin (TLN) tokens for sale. TLN tokens are a digital representation of the right to an exclusive membership on the TokenLend platform. TLN holders have a ability to invest the desired amount of funds from their account into any of the available loans listed on the TokenLend P2P platform. The account balance on the platform represents the number of TLN tokens stored in the Ethereum wallet of the member’s TokenLend account at any given time. TLN tokens will be tradeable outside of the TokenLend platform. Since they are ERC-20 tokens, they will have an inherent value on exchanges. Tokens purchased during the ICO campaign will provide two types of income for holders. Token holders can use TLN to invest in any loan listed on the platform and receive income like any other platform user. However, only ICO participants will receive a regular share of the income from the platform’s operation. 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. In a world of cross-continental currency transfers, decentralised databases and smart contracts, people are still limited by their geographical location and residency. Different legislations, currencies and complex taxation make business activities more complicated than it should and could be. The lack of integration between financial services force people to deal with numerous middleman institutions with their own verification the policies, fees and limits. This can turn a seemingly simple operation into a massive headache.
Now Its ICO Time
The official token sale is going to start on the 1st of March in 2018 and it is going to end 10 days later – on the 11th of March in 2018. The token which is to be emitted is ticked as TLN and it is going to cost you 0.0004 ETH during the official sale. The platform has designated both a bonus scheme and a bounty program to incentivize investors. The platform upon which the entire project is built is the one of Ethereum and the token is ERC20 compliant. At the same time, the hard cap is set to 140,000 ETH. This is the amount which the project seeks to raise and if it succeeds prior to the official end date, the ICO is going to the finish earlier. The country from where the project comes is Belize. There is a KYC and the USA is a restricted area, which is quite unfortunate. The minimum investment during the pre-sale is set to 1 ETH. There is no minimum investment for the official token sale.
join with us
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/
My bitcointalk,
Name :cryplee
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=1349234
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