Red tapism is persistent in all industries. In particular, it is predominant in the finance and banking industry due to the number of middlemen involved. In all aspects, the industry is slow and lacks a transparent and trustworthy network. The industry is also showing evolving to the technological advancements which makes integration process slow and expensive .
Website : https://tokenlend.io/
Latvia was found to have the fastest growing market on the continent for P2P lending with an average of 73% annual growth in loan volumes across Continent. The market in Lativa and Estonia are predominantly consumer lending platforms with a lending period of 3-5 years. Areas such as business lending, factoring, real estate and asset finance are also predicted to make a breakthrough growth .
The Solution
TokenLend is a reliable ecosystem helps the users to invest in secured loans using various cryptocurrencies and fiat currencies. Their platform will remove the uncertainties that come with small investors by helping them build a secured loan based investment portfolio that delivers a competitive, predictable and transparent solution.
The platform will release pre-arranged list of secured loans from trusted EU loan originators. They have a user friendly portal with a simple registration process. They also have person internally to revalidate the information filled in by the borrower’s which consists of personal details, pledge appraisal and LTV ratio. Once, these details pass TokenLand’s terms, regulations and criteria they will go on to be listed on the platform.
TLN Token ICO
The token is denoted by the symbol TLN and it entitles the membership on the TokenLend platform. They are ERC-20 tokens, with the exchange rate of 1 TLN = 0.0004 ETH and 1 ETH = 2500 TLN. A total of 473 466 667 TLN tokens will be created for the purpose of sale and upto 33 142 666 TLN tokens will be sold during the pre sale.
The start date of the crowdsale is fixed at 6th of March 2018 and will go on for 45 days. The presale is set to cap a total of 11047 ETH and will begin on 1st of March 2018 and run for 11 days. At the end of ICO, the TLN tokens will be transferable for upto 7 days. They also have various pre-sale bonuses depending on the total purchase.
Regarding the allocation of funds, the important departments will receive them in accordance with their needs. 70% of the funds will be allocated to the entire development process. 18.6% will go towards the external marketing and branding of the platform. This is the biggest revenue generating department in the company. The rest of the budget will be allocated to legal aspects, consulting purposes and the office expenses like Rent, utility etc.
The team and conclusion
The team consists of developers, blockchain specialists and investors who are inspired by one dream- to build a robust and user friendly loan investment. The team has previously built the world famous software product, DAEMON Tools. The ecosystem is on the road to becoming one of the biggest and most trusted lending management platform. They are supported by the growing need of a transparent and consolidated lending industry. The team has a very promising road map with future potential for disruptive growth.
A Blockchain technology based transparent and secure platform will solve the problems which we face in our financial life.Real Estate as security is the key for the platform. The platform will ensure success for both the investors and the customers and will revolutionize the lending economy.Join this wonderful journey of TOKEN LEND.
Road map
TokenLend is a reliable ecosystem helps the users to invest in secured loans using various cryptocurrencies and fiat currencies. Their platform will remove the uncertainties that come with small investors by helping them build a secured loan based investment portfolio that delivers a competitive, predictable and transparent solution.
The platform will release pre-arranged list of secured loans from trusted EU loan originators. They have a user friendly portal with a simple registration process. They also have person internally to revalidate the information filled in by the borrower’s which consists of personal details, pledge appraisal and LTV ratio. Once, these details pass TokenLand’s terms, regulations and criteria they will go on to be listed on the platform.
The token is denoted by the symbol TLN and it entitles the membership on the TokenLend platform. They are ERC-20 tokens, with the exchange rate of 1 TLN = 0.0004 ETH and 1 ETH = 2500 TLN. A total of 473 466 667 TLN tokens will be created for the purpose of sale and upto 33 142 666 TLN tokens will be sold during the pre sale.
The start date of the crowdsale is fixed at 6th of March 2018 and will go on for 45 days. The presale is set to cap a total of 11047 ETH and will begin on 1st of March 2018 and run for 11 days. At the end of ICO, the TLN tokens will be transferable for upto 7 days. They also have various pre-sale bonuses depending on the total purchase.
The team consists of developers, blockchain specialists and investors who are inspired by one dream- to build a robust and user friendly loan investment. The team has previously built the world famous software product, DAEMON Tools. The ecosystem is on the road to becoming one of the biggest and most trusted lending management platform. They are supported by the growing need of a transparent and consolidated lending industry. The team has a very promising road map with future potential for disruptive growth.
A Blockchain technology based transparent and secure platform will solve the problems which we face in our financial life.Real Estate as security is the key for the platform. The platform will ensure success for both the investors and the customers and will revolutionize the lending economy.Join this wonderful journey of TOKEN LEND.
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