Lendo (ELT) ICO Review – ICO Token News
This is “Lendo – Our Vision” by Lendo Platform Limited on Vimeo, the home for high quality videos and the people who love them.
Up until now, cryptocurrency owners haven’t been able to use their crypto assets as collateral when they need a loan. This limitation points toward a wide gap between conventional lending and cryptocurrency. In order to add value to the traditional banking landscape, a revolutionary Fintech innovation is required.
Enter Lendo—a next-gen peer-to-peer lending platform that’s decentralized and based on Ethereum. In short, this is one sturdy platform that’ll connect borrowers with lenders worldwide by using a range of groundbreaking blockchain technologies (similar to other ICO tokens such as Cappasity, Lotuscore, DIW, Koios, BunnyToken, Seal, Streamity, Upline ) including smart contracts.
Let’s get to know a bit more about this ecosystem and whether it’s worth investing in it.
The Lendo ecosystem, which is built by a core development team in the UK, uses proprietary software to open new personal-loan markets. These markets allow many traditional lenders to accept cryptocurrency assets as complete collateral. With this network, the lending market is expanded and the lenders won’t be limited to offering loans in their own registered jurisdiction. This network will also enable the UK loan market to expand worldwide.
Lendo’s core product has already been embraced by a range of FCA–registered UK–based lenders, and this is likely to draw a lot of investors to this ICO project. With the help of this platform, a cryptocurrency owner is allowed to access the real-time value of digital assets without putting them up for sale on any crypto exchange. It is necessary to be aware of marketing trends of ICOs before investing. ICO marketing guide is very helpful to get the clear idea for it, also ICO events organized by their respective companies provides a very good overview of market aspects.
By letting both lenders and borrowers go from local to global, the Lendo network will offer a win-win situation for both parties. Put simply, this solution-focused platform will transform the way crypto-asset holders interact with exchange markets in the future.
Making crypto the collateral
The Lendo platform has been built on a blockchain, and that has enabled many traditional lenders to offer loans against cryptocurrencies. By using crypto assets as collateral, cryptocurrency owners will change the way the lending business works once and for all.
Making lending more economical
By bringing the power of a blockchain and smart contracts, Lendo has made lending more economical than the conventional lending business. The traditional lending world involves a lot of credit checks, which can significantly raise the overall cost of the process. Lendo bypasses such credit checks, and that’s how it brings down the processing fee associated with a loan.
Adding true utility to the token
- Lendo’s token is a true utility as it has a dual use.
- The tokens will offer access to the robust, comprehensive Lendo vault.
- The best part is that these tokens will also be used as collateral inside the vault.
- The token holders in this platform are allowed to trade the tokens against other currencies listed on the Lendo exchange.
- The token and its platform provide a secure, simple solution to every trader who is interested in actively selling and buying different crypto assets.
Bringing security through specialized wallets
- All the funds inside Lendo are safely stored in four different wallets: warm wallets, cold wallets, ice wallets, and hot wallets.
- If you have a main account in Lendo, all your main funds will be stored inside a cold wallet; whereas, all the funds that are frequently used for transactional purposes are stored inside a warm wallet—this helps to avoid any loss of funds.
- The hot wallet, however, is chiefly used for temporary storage and depositing.
- Lastly, the ice wallet is meant to store all the funds that are put as collateral for any loan that’s offered by a lender registered on this network.
- Also, to add a fresh layer of security, the ecosystem follows predefined AML and KYC procedures for all its users.
Introducing the Lendo vault
The development team behind this platform is even building a dedicated Lendo vault that’ll be absolutely Quantum safe. This vault isn’t bound to any specific location, and that’s why it can’t be compromised by many factors including force majeure. This vault is one of the most robust security features of the entire ecosystem; the vault is constructed in a segmented way ensuring that the stored data (assets) won’t be compromised easily.
Lendo Token Sale
This platform is a 100% self-funded crypto project that doesn’t rely on any sort of external investment. One major development related to Lendo includes the launch of a token that’s native to this platform. This token will provide the best utility for users who share the platform’s vision and believe that the project will deliver returns in due course.
- The token is based on the Ethereum blockchain and complies with the ERC–223 standard.
- The Lendo ICO’s sale will begin from March 2018 to June 2018.
- Ethereum Lendo Tokens or ELTs supply limit is set at 1.2 billion.
- One token price: € 0.10 (will become €2 at the end of period).
The core development team behind this project includes experienced business professionals who belong to the traditional financing world. In addition, the team is comprised of many blockchain experts who are ready to bring a cutting-edge Fintech innovation based on blockchains and smart contracts. The team is also working hard to make this network evolve as a robust solution that’ll connect crypto-asset holders with lenders.
Put simply, Lendo is very uniquely positioned as it’s the first-ever lending ecosystem based on a blockchain and cryptocurrency—and the best part is that this network has a global reach. That’s why it makes much sense for investors to join this ICO sale.
As a participant in this ICO sale, you’ll be part of a multi-billion financing and loan industry. This is an industry that can be transformed through a lending platform with its own regulated, licensed partners in the UK. In the meantime, this lending network will be successfully extended across the EU and the world.
- David HoneymanCEO
- Mikael OlofssonBoard Director
- Mark SnowdonMarketing Director
- George McIntyreCTO
- Paul LowinBusiness Development Director
- Guido GranelloCOO
- Jun Hao OngCommunity Director
- Asya KarshevaSocial Media Consultant
- Oliver KoFinance Advisor
- Bogdan RosuMarketing Advisor
- 110.2016LENDO COMMENCES STRATEGY & CONCEPT PLANNING
- 202.2017LENDO FOUNDERS APPOINT MANAGEMENT & FEASIBILITY TEAM
- 310.2017LENDO FORMS UK COMPANY & HIRES FULL
OPERATIONAL & TECH TEAM
- 403.2018- ICO PRE-LAUNCH
- TOKEN SALES COMMENCE
- 504.2018ICO LAUNCH
- 606.2018FIRST UK LENDNG OPERATIONS COMMENCE
- 708.2018LENDO ROLLS OUT THE ADDED VALUE SERVICES (CREDIT CARD AND MERCHANT SYSTEMS ETC)
- 809.2018GLOBAL LENDING OPERATIONS COMMENCE
- 906.2019PHASE 2 OF THE LENDO TOKEN ECOSYSTEM IS LAUNCHED
Be the first one to know about new ICOs.
Submit your information here!
You might be interested in these similar ICOs
Yappadappadoo (FLI)Read More
The yappadappadoo Store is much more than “just another App Store”. It is the first and only PWA store worldwide, with a link to the Blockchain. Our store offers applications for all users. There are no restrictions: yappadappadoo apps are multi-platform and work on all smartphones, tablets and other mobile devices, on all operating systems, without eating up your data volume irrespective of network quality.
DapCash (DAPG)Read More
DapCash is a first quantum resistant cryptocurrency based on 100% original code, merged all the modern features of blockchain technologies. The essential DapCash feature is variative Post-quantum algorithms to make DapCash quantum resistant and survive the Quantum Apocalypse.
Crowd Machine (CMCT)Read More
Crowd Machine seeks to promote decentralized apps more broadly along with its Ethereum blockchain technology.it will help users in a movement of supporting and powering applications in a decentralized fashion. This platform seeks to create “Crowd App Studio” as its fourth and final product of this project. It is developed to be the ecosystem that will take CMCT tokens as a mode of payment.
FinTechBit (FTB)Read More
FinTechBit Token (FTB) is a utility token which has been built on Waves block chain so that token holders transcend geopolitical frontiers and become a member of unique educational trading group named as Fintechbit. This group utilizes a proprietary trading robot called PredicTrader™. It helps the beginners and experienced traders by educating them that how to align themselves with the current trend followed in the digital currencies. The robot will assist the members to learn how to utilize the algorithms to stand themselves appropriately in the market. It also teaches them the methods to adopt it and reap benefits from the dynamic markets.