The TokenLend is an upcoming subject in the society. It is based on the blockchain technology. This particular platform is designed to help you in investing in a real estate secured loan where you could use currencies such as crypto and fiat currencies. This platform aims to help all those small investors out there. The platform is ready to provide support to small investors and give them relief. Tokenlend gives them a secured loan based investment portfolio which is going to be something that is competitive, predictable and consistent. Anyone living across the globe will be able to enjoy this platform. Tokenlend is famous in many sources of social media such as Facebook, Twitter, Linkedin, Github, Bitcointalk, etc.
Fiat money and Cryptocurrencies are the main currencies used in this platform. Fiat money is governed by government regulation and has been accepted as an alternative to commodity money whereas cryptocurrencies are a digital asset designed to work as a medium of exchange. It is a type of virtual currency. The Tokenlend has been in the business for 10+ years, and it is known to have 100+ millions of users worldwide, and they have been capable of the output of 10+ successful products. The team behind TokenLend is great and consists of a team who has 15 years of software development experience.
What does TokenLend offer?
Here is what TokenLend offers its customers. The Token Lend brings in a loan portfolio. The portfolio comes with a pre-arranged list of secured loans. These loans are part of trusted EU loan originators. Further, these loans come with a user-friendly interface for future partners. In the first stage of this platform, mortgage loans will be accepted, and the most trustworthy real estate properties will have to be offered as a pledge. These properties will stand to achieve best risk or income value for its customers.
Another feature that the platform is ready to offer is the Secondary Market. The platform will provide a Loan Participation Note (LPN) market (i.e., “Secondary Market”). With the use of this note, the users will be able to trade ongoing investments for immediate action. The platform also supports Decentralized Architecture. Here comes the usage of Ethereum, a blockchain technology which is full of benefits. What happens here is that everything is seen as a smart-contract and all operations are performed on token transactions of Ethereum addresses. With this system, everyone gets to have something that is stable and with 100 % of integrity.
What is the procedure of TokenLend?
Here is how small investors benefit from TokenLend. At first, this procedure is done through the Dashboard. After that as the next step, the loan details are validated and are gone through a platform personnel. Next, the smart loan contract that is created is being published on the platform. Next, the users could purchase Loan Participation Notes (LPN) for a particular loan. This procedure can be accessed by transferring a desired amount of TLN to the loan address. Next, the smart loan contract generates the LPN contract with a principal value. Here, the primary value equates to the amount of TLN transferred by the user. A personal repayment schedule that relates to the creation timestamp of the LPNs and loan terms is also issued. The LPNs will be linked to the user’s ETH wallet address to continue with the procedure. It will act as the beneficiary of the interest payments. The total amount of TLN that is received from all users will be transfers to the Loan Originator’s account and comes as the loan principal. According to the loan smart contract schedule, the loan originator will then send interest payments and principal repayments (if applicable) in total to the platform. After the last transaction is then done by the loan originator, the LPN contract closes down the repayment schedule and will send the interest. Here the interest is sent along with the remaining TLN principal to the associated account. At the end of this step, the loan is regarded to be closed, and the wallet address association is removed. Now all is done, and the LPN contract is considered to be fully executed.
The TokenLend Business Model
Here is how the platform is going to provide benefits. TokenLend is ready to connect parties with investment opportunities. Loan originators are also provided with affordable funds so that they be satisfied with pricing that is flexible. Both the loan originators and the investors are judged on health and value of the loan portfolio. For the successful sale of LPNs, a sale fee will be charged, and this fee is going to be for both the platform investors and the token holders. A withdrawal fee is also to be initiated.
The TLN Token
TLN tokens are the membership passage on the TokenLend platform. TLN holders can invest the desired amount of funds through their account to one of the loans listed on the TokenLend P2P platform. The account balance that is available on the platform will be representing the number of TLN tokens stored in the Ethereum wallet. The Ethereum wallet belongs to the members of the TokenLend account, and they could access it at any given time.
If the token is purchased during the ICO campaign, the clients could encounter two types of income. They could use the TLN to invest in any loan that is listed on the platform, and they could receive income like any other platform user. In this platform, only the ICO participants will be able to receive a regular share of the income. The TLN token holders are also guaranteed to receive a share of the company’s profits. The distribution size will then be determined by looking at the proportion of tokens that are associated with each member’s account. This step will be done on the date of the payment. TLN tokens are also to be tradable outside of the TokenLend platform. They have ERC-20 tokens.
Summary of Token Sale
Participants who are willing to use cryptocurrencies could contribute to the development of the TokenLend platform. The rates are 375 000 000 TLN tokens at 0.0004 ETH per 1TLN.The sale is scheduled to begin on the 26th of March 2018. The pre-sale is going to start on the 1st of March 2018. The unsold tokens will be burned, and all the TLN tokens received by contributors could be transferable within seven days. It has been decided that 75% of tokens will be distributed during the ICO. 14.5% of tokens will be allocated to the TokenLend founders and core team, and 50% of these tokens is going to be locked* for a 24 month period, and the remaining 50% will be locked* for 48 months. 7% of all tokens will be sold during the pre-sale, and 3% of tokens will be granted to the legal and advisory team of the platform for their contribution. This summary shows you the distribution of the tokens.
Roadmap
The Concept Design came out in September 2016. The token sale will be in March 2018, The Core Development will be in April 2018, and Early Access will be in October 2018. The Public Launch is going to be in March 2019 and the Growth and Improvement in June 2019.
Board of Directors
Ivan Kovtun is the chief operating officer, and Sergei Naiden is the chief executive officer. Vitaliy Russkih is the chief technical officer, and the advisory board includes Leo Matveev, Ceo& founder at Searching form, Russia, Maksims Matulevics Ceo& founder at Money express credit, Latvia, and Nikolajs Timofejevscvo at Money express, Estonia.
Leo Matveevis very much experienced in the fields of information security, business development, and team building. Maksims Matulevics is very well experienced in the European loan market.
Nikolajs Timofejevs is experienced in the development of products and services for the financial market. Sergei Naiden has 25+ years experience in managing large enterprises and 10+ years experience in the ownership and management of an international IT company. He is also behind the software product; DAEMON Tools. Thus, the team has become capable persons in the TokenLend platform.
Conclusion
The TokenLend aims to make the loan market available to everyone, and they use a blockchain-powered loan platform. This platform targets everyone who longs for making profits around the world. When block-chain technology is used, the lending process can be easily done and in a cheaper way. The technology is completely different from the traditional banking services. The team members experience in investments and software development made it easy to develop the TokenLend platform, and now it is becoming famous around the globe as a fund lending service.
More information on the project (TokenLend) please visit their website listed below:
WEBISTE: https://tokenlend.io/
ANN THREAD: https://bitcointalk.org/index.php?topic=2548329
WHITEPAPER: https://tokenlend.io/tokenlend_whitepaper.pdf
TELEGRAM: https://t.me/tokenlend
FACEBOOK: https://www.facebook.com/tokenlend/
TWITTER: https://twitter.com/Tokenlend_news
Author :
Bitcointalk Name : cheryldlovejoy
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1216297
Eth Address: 0xcbB6bc84552E731497e6D1b3A1928d72d3115BB7