Lendo Cryptobank is making its debut with a pre-ICO starting 1st March 2018, swiftly followed by a full ICO starting on 1st April.
The Lendo pre-ICO and ICO
The Fintech start-up is a UK-registered company and it is offering you its Ethereum Lendo Token (ELT), which is on the Ethereum blockchain using standard ERC223. Each ELT costs €0.20 (20 cents) and during the period of the pre-ICO, token buyers will get a sensational 50% bonus. So if you put in €1,000 for example, you will get ELTs to the value of €1,500. Plus, anyone referring another buyer during the pre-ICO will be rewarded with 20% commission on the amount of ELTs purchased.
The ICO – bounty and payouts
During the ICO, which lasts for four months from April 1st, the ELTs will remain at the price of €0.20. However, there are bonuses starting at 30% and dropping to 10% during the period of the ICO – meaning, the earlier you buy your ELT, the less they will cost you. Detailed information about this is at Lendo’s ICO Hub.
Only 1.2 billion tokens will be issued and the supply is locked. The hard cap for the ICO is set at €100 million. Once the ICO has finished, ELT will also be listed on exchanges like Kraken and Bittrex, to promote a potential rising value for ELT.
And, if you’re a token bounty hunter the Lendo ICO has a bounty and referral system that pays a very attractive10% fee to anyone bringing people on board. All you need to do is have proof of purchase and when Lendo receives the money, you get 10% of that sent to your bank account immediately.
Lendo Cryptobank offers ‘personal loans plus’ on the blockchain
Lendo Cryptobank has developed a blockchain-based platform that enables conventional loans companies to provide loans in Euros, Pounds or other fiat currency against cryptocurrencies as collateral. The crypto collateral will be stored in Lendo’s ultra high security Crypto Vault, built with Lendo’s proprietary software.
This is Lendo’s core product and it has already been adopted by a network of FCA-registered lenders in the UK, allowing crypto asset owners to access the value in their crypto assets without selling them. It also gives lenders a bigger market, because they are no longer limited to only providing loans in their registered jurisdiction – the Lendo blockchain platform enables them to go global. It’s a win-win for both lenders and borrowers. Plus it’s much cheaper than a conventional loan and there are no credit checks involved. The Lendo Commercial White Paper at lendo.io explains everything about how Lendo will make money from fees for its investors in ELT and its many advantages as a ‘first mover’ in the growing personal loans and cryptocurrency markets.
A complete cryptobank ecosystem
But, Lendo Cryptobank isn’t just offering loans against crypto assets; it is a complete cryptobanking ecosystem. It has digital wallets, a currency exchange, credit cards and a merchant payment system.
The Lendo Cryptobank Team
The Lendo team is an exciting blend of seasoned business professionals from the conventional world of finance and cutting edge experts in blockchain technology. We believe this combination of youth and maturity gives Lendo an edge over other ICO projects where proven and balanced business experience is lacking.
It’s going to be one of the most exciting ICOs of 2018 – don’t miss it!