TOKENLEND.IO
TLN Token
In the Initial Coin Offering (ICO) campaign, TokenLend will offer a Lend Coin token (TLN) for sale. The TLN Token is a digital representation of the rights to exclusive membership on the TokenLend platform. TLN holders have the ability 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 Etherealum of a member TokenLend account at any given time. The TLN token will be traded outside the TokenLend platform. Since they are the ERC-20 tokens, they will have an inherent value on the exchange. Tokens purchased during ICO campaigns will provide two types of revenue for holders. Token holders can use TLN to invest in registered loans 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 LPN market will allow users to trade LPN with each other, this is only available to registered users. Users are not required to sell at the original cost of LPN, they can send orders for a certain LPN according to the desired price at TLN.
Users can also add comments and details about LPN to be sold. All transactions will be done by sending TLN from one address to another. LPNs will be considered to be sold once the TLN transaction is confirmed by the Ethereum network and at which time the LPN owner changes automatically.
ICO
Before crowdsale begins, TLN token will be printed by TLN smart contract. The total number of tokens will be distributed in the following ways:
Pre-sale
7% of all tokens will be sold during pre-sale. All pre-sale participants not only have the opportunity to purchase a TLN token with a special discount, but also have exclusive rights to participate in the beta platform testing stage and receive investment benefits before other token holders.
ICO
75% token will be distributed during ICO. All unsold tokens will be burned.
Advisor
3% of tokens will be given to our legal and advisory teams for their contributions. This token will be locked * for a 12 month period.
Team
14% token will be allocated to the TokenLend founder and team core. 50% of these tokens will be locked * for a period of 24 months, and the remaining 50% will be locked * for 48 months.
Roadmap
For more information on the TokenLend Project please join the way to visit the Web site and some of the Social Links below:
WEBSITE , WHITEPAPER , FACEBOOK , TWITTER , TELEGRAM , ANN THREAD
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