Website

Lend Finance (LEND)

ICO

Last updated: Nov 24, 2022

Lend is a natural extension of the TEN Finance Ecosystem and a decentralized lending protocol for individuals and protocols to access financial services.

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Overview

Project industry	Crowdfunding & Lending
Product type	Protocol
Whitepaper	Open

Bounty program

What is Lend Finance

Lend is the first lending protocol on BNB Chain, Ethereum and Polygon to share revenue fees generated by the platform directly back to token holders.

The Lend protocol establishes pools of algorithmically derived interest rate model, based on current supply and demand of each respective asset. Users can use LEND to lend any supported assets on our markets for others to borrow and earn interest, and also use the provided capital as collateral to borrow another supported asset.

Lend opens up the possibility of lending and borrowing crypto assets without the need to negotiate terms of maturity, interest rate or collateral with any peer or counter-party.

Lend offers a wide range of tokens on our money markets, support for different tokens will constantly be updated, and we will endeavour to always provide a market for the most liquid assets available.

Details

Public sales: Dec 14, 2022 - Dec 21, 2022
Pre-sale token supply: 195,000,000 LEND
Token supply: 1,000,000,000 LEND
Total tokens for sale: 200,000,000 LEND
Soft cap: 50,000 USD

Legal

Blockchain Platform: Binance Smart Chain
Registration year: 2022

Token info

Ticker: LEND
Type: Utility-token
Token standard: BEP-20
Token price in USD: 1 LEND = 0,07 USD
Accepted currencies: BUSD, USDT
Token distribution:
12% - Seed Round
7,5% - Private Round
0,5% - Public IDO
40% - Lenders & Borrowers
15% - LEND LP Rewards
10% - Airdrops
7,5% - Collaborator Incentives
7,5% - TEN Finance Dev Team