PRESENTATION
TokenLend is a new platform that provides a unique and profitable opportunity to invest in loans secured by real estate, using both the usual fiat currency an cryptocurrency for this purpose. Investors willing to invest insignificant amounts often face certain difficulties that TokenLend system is ready to effectively eliminate. Thus, they will receive a ready-made, reliable portfolio, which is confirmed by credit and has good competitive advantages, as well as real prospects for high profitability.
Tokenlend strives to help users worldwide benefit by lending funds with less risk and hassles. We believe that by using blockchain technology, we can make lending process easier and cheaper to use without the bureaucracy of traditional banking services.
Traditional banking products and services are very old and sluggish because of all their bureaucracy and documents. In the world of transcontinental currency transfers, decentralized databases and smart contracts, people are still limited by their geographical location and residence. Different legislation, currency and complicated taxes make business activities more complicated than they should and may be. The lack of integration between financial services forces people to deal with many intermediary institutions with their own verification policies, costs and restrictions. This can turn a seemingly simple operation into a great headache.
Solution
With the Tokenlend Platform, there is no need for a complex and expensive personal infrastructure to run, making it the ideal solution to bring borrowers and lenders together.
The idea for TokenLend comes from the peak of our investment experience and our extensive experience in software development.
Goal
Our goal is to build a reliable and reliable ecosystem that provides a complete funding loan for all parties involved.TokenLend will give people around the world the ability to invest in real estate loans using a variety of crypto and fiat currencies. Our platform will remove the uncertainty facing small investors by helping them build secure loan-based investment portfolios that provide competitive, predictable and consistent rates of return. The platform will contain a carefully selected list of carefully selected loans and pre-checks available for investment. TokenLend will only receive loans from trusted EU loan originators. The presence of a legal entity as a counter party allows us to take the necessary precautions in advance to receive timely payments by the lender and reduce the risk of default. TokenLend personnel will re-validate the information received by the lender, including personal data of the borrower, appointment information, appraisal and LTV ratios.
How It Works
TokenLend system works in the following way:
• Each user has a reliable personal account in the system to provide a request for a new loan. Further information about a loan is thoroughly checked, confirmed, and only after that a loan agreement is prepared and published on the platform;
• Users confirm the fact that they are participating in this loan, and then TLN token is converted to a specific loan. Further, with the help of smart contracts, the amount of credit transferred in favor of a borrower in the number of TLN tokens is registered, and an accurate schedule is drawn up, according to which the debt will be repaid in accordance with temporary and other, predetermined conditions;
• The amount of tokens that was received from all the users who took part is those transfers that were made by different people in favor of a borrower and represent the required loan amount;
• A user who requested the loan (borrower) should clearly, in accordance with a pre-defined schedule, pay off a loan payment along with the required interest in TLN token to the special account;
• After the last transaction was performed by a borrower, fully covering the loan amount and interest, the payment schedule is closed;
• As a result, the loan is considered repaid, and the wallet address for sending tokens to cover it is permanently removed, and the process is considered to be fully completed.
TLN Token And ICO
During the initial coin offering (ICO) campaign, TokenLend will offer Lend Coin Tokens (TLN) for sale. The TLN Token is a digital representation of the rights to exclusive membership on the TokenLend platform.
TLN holders have the opportunity to invest the desired amount of funds from their accounts into every available loan listed on the TokenLend P2P platform. The account balance on the platform represents the number of TLN tokens stored in the Ethereal portfolio of member TokenLend accounts at any given time. The TLN token will be redeemed outside the TokenLend platform. Since they are the ERC-20 tokens, they will have an inherent value in trading.
Tokens purchased during ICO campaigns will provide two types of revenue for holders. Token holders can use TLN to invest in any loan on the platform and receive revenue like other platform users. However, only ICO participants will receive a regular revenue share from platform operations. The TLN token holder is guaranteed a share of the company's profits. The distribution size will be determined by the proportion of tokens associated with each member's account on the date of payment.
The TLN token holder is guaranteed a share of the company's profits. The distribution size will be determined by the proportion of tokens associated with each member's account on the date of payment. The TLN token holder is guaranteed a share of the company's profits. The distribution size will be determined by the proportion of tokens associated with each member's account on the date of payment.
The LPN market will allow users to exchange LPN with each other, which is only available to registered users. Users are not required to sell at the original cost of LPN, they can send a specific order for LPN at the desired price at TLN.
Users can also add comments and details about LPN for sale. All transactions will be done by sending TLN from one address to another. LPNs will be considered to be sold once the TLN transaction has been confirmed by the Ethereal network and when the LPN owner will be changed automatically.
ICO
Before starting crowdsale, TLN token will be subject to Smart TLN Contract. The total number of chips will be distributed as follows:
Pre-sale
7% of all chips will be sold during pre-sale. All pre-sale participants not only have the opportunity to purchase TLN tokens with special discounts, but also have exclusive rights to participate in beta platform testing stage and receive profit before others. token holder
ICO
- 75% of the chips will be distributed during ICO. All unsold chips will burn.
advisor
3% chip will be given to our legal and advisory teams for their contributions. This token will be locked * for a period of 12 months.
Team
14% of the chips will be given to TokenLend founders and core teams. 50% of these chips will be locked * for a period of 24 months, and the remaining 50% will be locked * for 48 months.
Details of chip sales
Participants who wish to contribute to TokenLend platform development can do so by using crypto methods and other payment methods on the website.
Number of chips: 473 466 667 TLN
Contributors receive TLN tokens at 2,500 TLN per ET
Contributors will receive token bonuses during pre-sale and crowdsale as described below.
Sales will begin on March 26, 2018
The contribution period will be 45 days
Pre-sales will begin on March 1, 2018 and will last 11 days. It will close at 11,047 ETH with a minimum contribution of 1 ET
When selling ICO chips, there will be a ceiling of 20,000 ET and a cap of 140,000 ETH.
All unsold chips will burn
The TLN ink received by the contributors will be transferred 7 days after the end of the initial coin bidding campaign.
Fund Distribution
Roadmap
TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://tokenlend.io/
Whitepaper: https://tokenlend.io/tokenlend_whitepaper.pdf
Facebook: https://www.facebook.com/tokenlend/
Medium: https://medium.com/@tokenlend
Twitter: https://twitter.com/Tokenlend_news
Telegram: https://t.me/tokenlend_bounty
ANN Thread: https://bitcointalk.org/index.php?topic=2548329
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.