Lendo ICO and Token Sale Review
This is an ambitious and revolutionary project which is bringing the trillion dollar lending business onto the blockchain in a fully secure and transparent way, completely backed by smart contracts. Initially focused on the UK market, there will be a global rollout in the later stages of the project.
About the Project
The loan industry is tremendously huge and as of yet, has been relatively slow to embrace cryptocurrency as a form of collateral against loan amounts. The aim of Lendo is to completely change this perception of cryptocurrency and enable short and long-term loans securely based on smart contracts.
This benefits crypto holders greatly, meaning they can benefit from their crypto holdings with much needed liquidity. By cutting out needless intermediaries it also paves the way for better deals for both the borrower and lender alike.
The company plans to only work with FCA approved lenders, this can increase trust from all parties within the platform. Decisions on loans can also be made quickly and safely.
There will be full support provided in the cryptocurrency world by the Lendo platform. This greatly lowers the barriers to entry even for those with little or no industry experience.
Lenders also have the opportunity to benefit from the upside if the tokens they are holding increase in value. The entire process in the case of default is locked into smart contracts to ensure the lender never loses out.
The Pre-ICO stage is already underway and featuring huge discounts in the progress of the sale. The price of the token varies from an early stage price of 0.10EUR up to 2EUR in the later stages of the sale. The price will vary depending upon the time and volume of your investment.
The project has a softcap of 50,000,000EUR and a hardcap of double that amount. It can be contributed to by using ETH, BTC, or Fiat currency.
Investors from the United States will be unable to participate in this ICO.
The token will be known as READING and is an ERC223 token based on the Ethereum network. There will be a maximum supply of 1,200,000,000 tokens with 45% of these being made available during the ICO. 33% will be held as reserves and a further 20% will be allocated to founders and team members of the project.
- Start Date2018-03-28
- End Date2018-11-28
- Payment MethodBTCETH
- Total Supply1200000000