ETHLend

Website: http://ethlend.io

ETHLend — Decentralized Lending on Ethereum Network.

ETHLend.io introduces decentralized lending on Ethereum network by using ERC-20 compatible tokens or Ethereum Name Service (ENS) domains as a collateral. ETHLend solves the problem on reducing the loss of loan capital on default. On healthy loan relationships the loan is paid back. However, the pseudo-anonymous nature of Ethereum blockchain network opens the possibility to avoid repayment of the loan since the lender might not have all the necessary details of the borrower to enforce the debt in the borrower’s jurisdiction. Moreover, enforcement in a decentralized environment, where the parties can be from any part of the world, might not be efficient. ETHLendprovides decentralized solutions to avoid loss of capital and to make one true global lending market available.

ETHLend solves the issue of trust by allowing borrowers to pledge ERC-20 compatible tokens or ENS domains as a collateral. Once the borrowers has gained reputation, they can loan without the need of a collateral by the use of Credit Tokens (CRE). Each repaid loans mints 0.1 CRE for every 1 ETH. 0.1 CRE allows to borrow without a collateral up to 0.1 ETH (1:1 ratio). If the borrower does not repay the loan, the whole CRE balance is burned (permanently deleted). ETHLend also solves the issue of volatility by allowing users to base the loans in USD (transactions in Ether, calculations in USD).

Benefits of Decentralized Lending.

• Trustless.
• Transparency.
• Democracy and Access to Finance.
• Tokenization of Things.
• Current and Future Use-Cases for Decentralized Lending.

Token sale.

Total of 1 000 000 000 (one billion) LEND is released for sale. Additionally, 300 000 000 LEND is held for development fund to incentivise the development team and to recruit more talent for ETHLend. There will be no follow-up sale on LEND.

60 000 000 LEND (6%) tokens from the total amount is pre-sold for early participants.

Pre-sale.

• Pre-sale starts on 25 September 2017 at 12 PM GMT.
• Pre-sale ends on ends on 25 October 2017 at 23.59 PM GMT.
• AMOUNT TO RAISE: 2 000 ETH
• TOKEN FOR SALE: 60 000 000 LEND (6% of total sold tokens)
• LEND TOKEN PRICE: 30 000 LEND = 1 ETH (price includes 20% bonus tokens for all pre-sale participants)

Sale.

• Token sale starts on 25 November 2017 at 12 PM GTM.
• Token sale ends on 27 December 2017 at 23.59 PM GTM.
• AMOUNT TO RAISE: 37 600 ETH
• TOKEN FOR SALE: 1 000 000 000 LEND (deducted by pre-sold tokens)
• LEND TOKEN PRICE: First 200 000 000 LEND: 27 500 LEND = 1 ETH
  (price includes 10% bonus tokens)
• Next 100 000 000 LEND: 26 250 LEND = 1 ETH
  (price includes 5% bonus tokens)
• Remaining LEND: 25 000 LEND = 1 ETH

Discount: LEND enables 25% discount the deployment fees for a loan request and for funding a loan request on decentralized lending application.
Burnbacks: 5% + additional 1–5% (depending on previous year’s growth) of the deployment fees in ETHLend are use to buy LEND back from the market and burn the token. The aim is to remove insufficient and unused LEND from the market. This will decrease the total supply, making LEND more scarce with time and increasing the percentage of ownership of the token holders.

Website: http://ethlend.io

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