Lendroid is a 0x-inspired, non-rent seeking, trust-independent, open protocol enabling decentralized lending, margin trading and short selling on the Ethereum blockchain. It aims to solve the shortcomings of centralized exchanges by creating a global shared lending pool, and a symbiotic off-chain infrastructure supported by incentivized participants - Relayers and Wranglers. Simply put, Lenders contribute their offers to the lending pool through relayers, who then match the offers with appropriate traders. The traders can use the borrowed funds to margin trade, make a profit, and repay the lenders.
Ticker:
LST
Token type:
ERC20
ICO Token Price:
1 LST = 0.0198 USD (0.00002 ETH)
ICO
19 February 2018
Fundraising Goal:
47,500,000 USD (50,000 ETH)
Available for Token Sale:
40%
Whitelist:
Yes (11 Feb – 13 Feb, JOIN)
Min/Max Personal Cap:
TBA / 0.46 ETH
Token Issue:
Feb 26
Accepts:
ETH
Total Tokens:
12,000,000,000
Peter Lehmann
Peter is a blockchain investor and cryptocurrency writer at Vkool.com. Since 2014 Peter has advised blockchain startups and ICOs on content marketing, strategy and business development.
