Website

TokenLend (TLN)

ICO

Last updated: Apr 21, 2019

TokenLend will give the ability to invest in real estate secured loans using various crypto and fiat currencies.

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Overview

Project industry	Real Estate
Product type	Platform
Whitepaper	Open

Bounty program

What is TokenLend

TokenLend project is developing a blockchain-powered loan platform that will provide a set of tools for potential investors and loan originators. TokenLend aims to make the lending process easier to use it without the bureaucracy of traditional banking services.

TokenLend platform will be using Ethereum distributed ledger, so every object will be represented as a smart contract, and every operation will be a token transaction. TokenLend is introducing its own tokens (TLN) of an ERC20 standard.

TLN tokens are a digital representation of the right to a membership on the TokenLend platform. TLN holders can invest the desired amount of funds from their account into any of the available loans listed on the Tokenlend platform and receive income like regular platform users. TLN tokens will also be tradeable outside of the Tokenlend platform.

TokenLend platform will have three main components:

Loan Marketplace the primary p2p lending market where borrowers are businesses, and lenders (investors) are platform users.

Loan Participation Note (LPN) market a secondary market for p2p lending where users can trade ongoing investments for immediate liquidity.

Payment gateway a service that enables users to deposit and withdraw funds from the platform.

Details

Pre-sales: Mar 01, 2018 - Mar 11, 2018
Public sales: Mar 26, 2018 - May 10, 2018
Token supply: 93750000
Soft cap: 5,000 ETH
Hard cap: 29,668,000 USD
Raised: 1,076,843 USD

Legal

Country limitations: United States

Bounty

Bounty: 1%
Translation: 10%
Social media: 60%
Bitcoin talk signature campaign: 30%

Token info

Ticker: TLN
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 TLN= 0.194456 USD
Token price in ETH: 1 Token = 0.000400 ETH
Accepted currencies: ETH
Bonus program:
Tier 1: 0 >= 3000 ETH — 10% bonus tokens
Tier 2: 3000 >= 9000 ETH — 7% bonus tokens
Tier 3: 9000 >= 21000 ETH — 5% bonus tokens
Tier 4: 21000 >= 45000 ETH — 3% bonus tokens
Token distribution:
7% - pre-sale
75% - ICO
3% - advisory
14% - team
1% - bounty
Funds allocation:
70% - core development
18.6% - marketing and PR
7.0% - legal
2.6% - consulting
1.8% - office expenses