 | Lendroid (LST)ICO  Lendroid is a Non-Custodial Margin Trading Protocol. 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
|
OpenWhat is Lendroid
Lendroid proposes a network consisting of two types of actions: off-chain actions that propagate an intent and on-chain actions that confirm the intent, thereby committing the state of the network on the Ethereum blockchain.
The drawbacks in terms of tag, efficacy of information and the fact that an Lendroid Oracle is a centralizing component make such an approach cumbersome and less than completely reliable. Despite this, Lendroid Oracles currently remain the simplest means of bringing external data on-chain.
On Lendroid, Oracles serve as a point of reference, and as a preventive against unwarranted triggers from Wranglers.
In the Lendroid Smart Contract System, there are the Fund Smart Contracts, Business Logic Contracts and the Proxy Contracts.
The Lendroid Support Token, or LST, is the native token of the Lendroid protocol. Participation requires a user to possess Lendroid Token.
The Lendroid Token has been envisioned for a three-fold objective: to lubricate process and drive utility on the protocol; to incentivize participation; to empower governance. As a non-rent-seeking protocol, self-sustenance can be achieved only if the Lendroid Token is tied to value creation.
DetailsPublic sales: Feb 19, 2018 - Feb 22, 2018Token supply: 240000000 Hard cap: 4,023,150 USD(fiat) Raised: 47,500,000 USD BountyTranslation: 5%Social media: 30% Bitcoin talk signature campaign: 25 % Other: 40 | Token infoTicker: LSTType: Utility-token Token standard: ERC-20 Token price in USD: 1 LST = 0.01957708 USD Token price in ETH: 1 Token = 0.000021 ETH Accepted currencies: ETH Bonus program: Vesting registered contributors will get 25% guaranteed bonus along with unsold tokens on a pro-rata basis through the TRS Contract. Token distribution: 40% - Lendroid TGE (private + public TGE supporters) 25% - Collaborators 3% - Advisors and governance 10% - Future Lendroid Team 12% - Lendroid Team 10% - Lendoid TGE (vesting bonus structure) |
Lendroid Roadmap
Whitepaper on Decentralized Digital Asset Lending released.
Loans for ENS names demo launched on Kovan.
Whitepaper describing our approach to decentralized margin trading.
Network launch on Ethereum with support for ERC-20 tokens.
Multi-chain Support to accommodate Non ERC-20 tokens.
Protocol/Network governance moved from multi-sig to token holder voting.
Project team
Social media
