Website

LendChain (LV)

ICO

Published: Jul 23, 2018

LendChain is a distributed digital assets platform, providing financing, investment, and insurance for assets holders.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industry	Finance Services & Banking
Product type	Platform
Whitepaper	Open

What is LendChain

As a digital asset financial service platform, LendChain will implement a financing platform that uses digital currency as collateral. The users entire lending process will be established on the blockchain, including lock-up of mortgage assets, borrowing targets, user investment, repayment due, overdue delivery, etc., all will be executed through smart contracts. On the LendChain platform, users can only borrow digital currency by mortgaging digital currency. The interest rate is freely set by the borrower. Before the end of the loan period, LendChain will remind the borrower through system prompts, emails/text messages to return the loan on time.

Details

Public sales: Aug 28, 2018 - Aug 30, 2018
Token supply: 100,000,000
Soft cap: 1,000ETH
Hard cap: 568,300 USD(fiat)

Legal

Blockchain Platform: Ethereum
Country limitations: China, United States,

Token info

Ticker: LV
Type: Utility-token
Accepted currencies: ETH
Bonus program:
max personal cap - 20 ETH
Token distribution:
25% LendChain Foundation
35% early investors
20% LendChain team
10% platform ecological incentives
10% operations
Funds allocation:
50% marketing
20% risk reserve
20% research&development
5% legal