BTC $ 36,672.6 -0.145712%
ETH $ 1,260.39 -1.078%
MARKET CAP $ 1028 bln 1.95%
ICOs 6,453

EthLend

Trading
15,528 Views
Fully decentralized peer to peer lending Smart Contract on Ethereum block-chain for lending Ether by using tokens as a collateral. Borrow Ether by placing Digital Tokens on Smart Contract for collateral. Use any ERC20 Token.
General
Website: Visit
White paper: Read
ICO Time: 25 Nov 2017 - 30 Nov 2017
Country: Estonia
Token info
Ticker: LEND
Platform: Ethereum
Token Type: ERC20
Available for sale: 1,000,000,000 LEND
Total supply: 1,297,624,033 LEND
Video
Financial
Raised $ 16,200,000
ICO Price: ≈ 0.0173 USD
Accepting: ETH
Bonuses: 5% - 20%
Last screenshot taken on 25 Mar 2020
EthLend ICO
Screenshots taken 2 Feb 2018
2017-06-15
ENS Domains as Collateral in June 2017 (Milestone achieved)


ENS domains lock vast amounts of ETH once the domain is paid from the auction. By using ENS domains as collateral, a similar amount of funds could be used during the period that the ETH is locked. ETHLend will provide an alternative to using ERC-20 compatible tokens as collateral with ENS domains. Such alternative is useful for domain holders to access an equal amount of funds that is locked by the ENS domain. In case the borrower defaults, the lender can claim the domain from the Smart Contract for further auctioning or holding
2017-06-15
White Paper on Decentralized Lending (Milestone achieved)


The ETHLend team will propose a fully descriptive white paper on decentralized lending and the ETHLend DAPP. The White Paper will be based on the technical and experimental findings of the build ETHLend Alpha prototype DAPP. The White Paper will have a technical peer-review which will be published before the token sale. The White Paper will include a road-map which indicates the developments that ETHLend undertakes for a successful or partly successful token sale.
2017-07-20
Reputation-based Lending with CRE in July 2017 (Milestone achieved)


ETHLend will add lending based on reputation. Reputation based lending will provide the possibility to borrow without using a collateral. Reputation based lending is based on the previous lending history on ETHLend. Each time the borrower repays 1 ETH worth of credit, the borrower will receive 0.1 Credit Token (CRE). The borrower can borrow up to 0.1 ETH with 0.1 CRE (1:1 ratio). In case the borrower does not repay either a collateral based loan or a reputation based loan, the lender can burn the borrower’s CRE balance. Reputation based lending is a gateway to establish the decentralized credit rating in the future.
2017-08-15
Incorporation in Estonia (Milestone achieved)


ETHLend incorporates in Estonia to establish and perform a global scale token sale for the participants. Once the token sale is finished the HQ will be relocated to Zug, Switzerland. UPDATE – Incorporation in Estonia: Block Research OU – Registration Number: 14331108 – Tartu mnt 80, Kesklinna linnaosa, Tallinn, Harju maakond, 10112, Estonia.
2017-08-31
Token Sale Smart Contract


ETHLend will develop a token sale Smart Contract. The token sale Smart Contract will be deployed on the Ethereum network and the source code will be visible to everyone once available. The Smart Contract will be used for the token pre-sale and for the official token sale. The tokens are sent to the participants once ETH is received by the token sale Smart Contract. Moreover, a security audit is conducted before the pre-sale and a separate website will be opened for the token sale to enforce security.
2017-09-15
Security Audit for the Token Sale Smart Contract


A third party security audit will be performed on the token sale Smart Contract. Once the security audit has taken place, the results are displayed at GitHub for community review.
2017-09-25
LEND Token Pre-Sale


LEND token pre-sale starts. ETHLend will sell a small portion (6% of the total amount sold) of the LEND tokens with 20% bonus tokens for pre-sale participants. LEND tokens entitle a 25% discount on the ETHLend DAPP fees compared to paying with ETH. Additionally, ETHLend will use a flat 20% of the DAPP fees to buy LEND back from the market and redistribute them through the Airdrop program to increase user adoption and add more volume to the loan book.
2017-11-25
Official LEND Token Sale


1 000 000 000 LEND (subtracted by the amount sold during the pre-sale) is sold to future participants of the global lending market for a 3 week period.
2017-12-20
Relocating to Zug and Swiss Foundation or Swiss LLC


ETHLend will relocate to Zug, Switzerland. Zug is known as the crypto valley due to the sandbox regulation on blockhain technology. ETHLend shall use a Swiss Foundation or Swiss LLC depending on the current status quo of the regulation on distributed ledger technology.
2017-12-31
FIAT Based Loans and Instalments


ETHLend DAPP will have the option to select FIAT such as USD as a base currency for the ETH loan. Such an option is attractive for borrowers who are spending the value in FIAT economy or are repaying the loan with recent FIAT economy earned funds. Such loan is attractive for a lender that is uses FIAT frequently and wants to access the global lending market. USD based loans would mean that the borrower borrows USD 100 worth of ETH and returns USD 100 worth of ETH plus interest. Instalments are another implementation. Instalments provides flexibility for repayments and adds more security for the lenders.
2018-01-01
Buybacks and Burning for LEND starts


ETHLend will use part of the DAPP fees on ETHLend (read more on token sale page) for buying LEND back from the market and burning it. The idea is to remove inefficient LEND that is not used for the DAPP. Such strategy will increase the DAPP users percentage on LEND and and creates tendencies for price increases, which results lower fees on the DAPP when compared to ETH.
2018-01-31
LEND Trading on Exchanges


ETHLend will partner with different exchanges to provide LEND on exchanges.
2018-02-28
On-Demand and Crowd Lending (Loan Offers from Lenders)


On-demand lending provides the opportunity for the lenders to place loan offers on ETHLend by setting the loan and collateral terms. Other lenders can join the loan offer, hence creating a liquidity pool. Crowd Lending will also be added simply by letting other lenders to fund a single loan request by sending ETH to that loan smart contract.
2018-03-31
User Experience Upgrade


The User Experience will be improved on the DAPP by providing the possiblity to use the DAPP without MetaMask and on mobile phones as well. Moreover, the learning curve on the DAPP will be decreases by providing easier to use interface such as: dropdown menu for most popular tokens (when setting as a collateral), calculating collateral value and proposing the loan amount, calculating the interest rate (based on risk, supply and demand), reminders for repayments and easy access to review the borrower’s previous loans (and feedback) on ETHLend.
2018-03-31
Decentralized Credit Rating (DCR)


By the use of Credit Token (CRE) and the previous loans on ETHLend, we will create a decentralized credit rating that can be used in other decentralized applications as well. Decentralized credit rating will provide a portfolio on each borrower with the details of previous loans, lenders, collateral and feedback. Credit Token (CRE) will be developed in such way that it will represent the credit score based on the above mentioned factors
2018-04-30
Penalties for Late Payment


In case the borrower pays late an installment or a loan, measures are added to motivate repayment. These measure might be additional costs of ETH and burning a certain amount of the borrower’s Credit Tokens (CRE). Such measures could be added as a default or as an option for the lenders
2018-04-30
Lending Bitcoin


Adding Bitcoin to the DAPP for lending
2018-05-31
LEND Accepted as Payment with 25% Discount


LEND token shall be accepted as a payment method for fees on ETHLend. LEND will provide a 25% discount compared to ETH payments. The use of LEND as a payment method is sound since ETHLend burns 5% + 1-5% of the collected DAPP fees on ETHLend, which should create market price increase tendencies on LEND. When LEND value increases the DAPP fees becomes lower since the fees are calculated based on ETH.
2018-05-31
Gateway for Decentralized Providers (uPort, Civic) to DCR


ETHLend will provide a gateway for the decentralized credit rating for third party services such as uPort or Civic. Decentralized credit rating will show data through third party services. These services could be used when the borrower does not have sufficient amount of previous loans. Moreover, Civic could be used for pulling KYC and Credit Data to the users decentralized credit rating profile.*


* This milestone development requires full token sale cap achieved due to the resources required.
2018-05-31
Oracles: Centralized Feeds to DCR


ETHLend will add Oracles that could provide centralized data feeds such as credit ratings, guarantees or social media profile data from the web. For example, a shop owner in India could rate customers or an Oracle could provide credit report on all UK borrowers. Such approach could be used to provide faster on-boarding for reputation based lending without the need to start with collateral based lending on ETHLend.*


* This milestone development requires full token sale cap achieved due to the resources required.
2018-07-31
Second User Experience Upgrade


ETHLend will review the user experience on the DAPP based on community feedback and implements such changes to lower the learning curve on ETHLend.
2018-08-15
Protocol to Enable AI and Big Data to Assess Credit Risk


ETHLend will provide a protocol for developers to create bots that use Artificial Intelligence and the Ethereum blockchain ledger data combined with the ETHLend’s decentralized credit rating data to asses Credit Risk. ETHLend will set certain performance criteria and thresholds that the bot must achieve on test runs before being available for the lenders. Bots that do not perform beyond the thresholds are killed. This is an incentive for the developers to compete with performance.*


* This milestone development requires full token sale cap achieved due to the resources required.
2018-09-15
Revenue Scheme for AI Credit Risk Bot Creators


ETHLend will add a revenue sharing scheme for the lenders and the Credit Risk Assessment Bot Developers. The aim is to provide the lender a tool for assessing credit risk in the decentralized environment. Such revenue share motivates AI bot developers to create bots with good performance. Accurate bots will have more demand. Bots that are slipping in accuracy are killed.*


* This milestone development requires full token sale cap achieved due to the resources required.
2018-10-15
Opening Suggestions Venue for Public


ETHLend opens a venue for suggestion on how the decentralized application should be developed. The aim is to create a democracy for the ETHLend users to affect how they want the DAPP to be build.
2018-10-31
Prediction Market to Assess Credit Risk


ETHLend will either create a prediction market on ETHLend or partner with third party prediction market provider (such as Augur or Gnosis) for providing a prediction market on loan repayments. Participants in prediction market shall have data available on previous loans and also easy summary on the transactions on the Ethereum address. Prediction market hosted by ETHLend could also become an additional revenue stream for ETHLend.*


* This milestone development requires full token sale cap achieved due to the resources required.
2018-11-30
Lending Other Altcoins


ETHLend will add other altcoins as well for lending.*


* This milestone development requires full token sale cap achieved due to the resources required.
2018-11-30
Creating and Testing Democracy DAO


ETHLend starts to create and test democracy DAO for voting on the suggestions for the DAPP.
2019-01-01
Voting on Suggestions Deployed


Voting on democracy DAO will be deployed. From this point anyone can recommend suggestion for the DAPP and these are voted with the use of DAO.
2019-03-31
Protocol to Enable Insurance Policies (with AI bots)


ETHLend will add a protocol to enable Insurance policies (guarantees) on ETHLend. This means that third parties can guarantee loans for a premium to secure defaults. AI bots can be used to calculate risk and offering an insurance policy. Moreover, third parties can fund these AI bots to gain revenue from the guarantee premium. Different bots accept different risk level, which third parties can choose from.
2019-05-15
Sophisticated Collateral Control (Calling & Liquidating the Collateral)


ETHLend will add mechanisms to call and liquidate the collateral, in case the collateral value drops to a certain threshold. Moreover, the borrower will have the option to provide more collateral to avoid the liquidation. The value of the collateral could be fetched from decentralized exchanges. Moreover, on long term loans, prediction market could be used for assessing the collateral value (i.e. if property, art or unlisted shares are represented by the ERC-20 token that is used as a collateral) on tokens that are not liquid enough for constant exchange (i.e. auction required).
2019-12-09
LEND Vesting for the Development Fund Ends


24-month vesting period for tokens that are distributed for developers and founders shall end. By this point a fully functional and marketed product is delivered.
Stani Kulechov
Founder
Takes part in this project only
Jordan Lazaro Gustave
Head of Management
Takes part in this project only
Martin Wichmann
Head of Token Sale
Takes part in this project only
Sergej Stein
Financial Advisor
No participating data
Adnan Javed
Legal Advisor
Participates in a number of projects
Jin Park
Head of Marketing
Takes part in this project only
Edmund To
Lead Junior Developer
Takes part in this project only
Nolvia Serrano
Media Correspondent
Takes part in this project only
Rowan Van Ginkel
Graphics & Visualization
Takes part in this project only
Kelly Ann Pope
Social Media Manager
Takes part in this project only
Scott Malsbury
Head of Communications
Participates in several projects
Luca Cotta
Community Manager
Takes part in this project only
Kersten Schütze
Head of Corporate Strategy
Takes part in this project only
Jitendra Chittoda
Technical Advisor
Participates in several projects
Amir Dib
Technical Advisor
Takes part in this project only
Jesmer Wong
Developer & Advisor
Participates in several projects
Koen Sanders
Cybersecurity advisor
Takes part in this project only
Anastasija Plotnikova
Russian advisor and translations
Participates in several projects
Disa Braun
Copywriter and brand advisor
Takes part in this project only
Opinder Preet Singh
Local advisor in Indian subcontinent
Participates in several projects
Jon Matonis
Participates in a number of projects
Wulf Kaal
Participates in a number of projects
Ada Jonuse
Participates in several projects
Amin Rafiee
No participating data
Robert Viglione
Takes part in this project only

Advisors (0)

ICO Stats
Interesting ICOs
Active
Mindsync
Mindsync is a platform to solve customer's tasks with AI technologies competitions as well as a marketplace for these solutions and training datasets. Our mission is to bring together the best artificial intelligence experts and hackers, data scientists, machine learning developers, big data and computing power suppliers, investors, volunteers in one place to make better AI solutions more available, cheaper, simpler for a wide range of customers, accelerate its development and create a world’s marketplace for AI solutions.
Upcoming
Ultrain
Ultrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. With its groundbreaking innovations in cryptography and based upon a complete decentralized public network, Ultrain is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues comparing to other traditional public blockchain platforms.
Upcoming
Cure Cosplay
Cure WorldCosplay is the world’s largest Cosplay platform, supporting 12 languages where more than 720,000 members from more than 180 countries post their quality works - 6.5 million images and counting. Our official social media accounts are followed by more than 430,000 people across Facebook, Twitter, and Weibo. We have a strong emphasis on providing community service which is characterized by self-sustainability and development. Cosplayers have various motivations for their activity, some Cosplayer want to become professional, others want more fans, and yet others are looking to share their work with groups. Photographers and Props Makers working closely with Cosplayers also have some influence on the increasing diversity of motivations. COT will be used as a payment currency within the Cure WorldCosplay ecosystem, helping cosplayers without access to other online payment methods to be tipped for their services. Using the Cure Protocol, players will also be able to create and distribute their own personalised coin. This unique feature will bring power back to cosplayers, enabling them to monetize themselves as these coins can be used to tip players as well as purchase merchandise or event tickets. Player Coins will provide an accessible platform for cosplayers to promote their identity to the continuously growing 720,000 member-base of Cure WorldCosplay, as they will be directly attainable by fans. These coins will also allow cosplayers to develop deeper relationships with their communities, as users will be able to explicitly show their support while also gamifying their experience.
Upcoming
Burency
Burency is an advocate for crypto and Blockchain adoption, particularly in the MIDDLE EAST. The platform is designed to address key challenges that prevent widespread adoption within the cryptocurrency and Blockchain ecosystem such as exchange’s lack of liquidity and security, unsustainable mining, unawareness of Blockchain applications to businesses. The Burency Exchange is a regulated exchange platform that addresses key challenges including security, liquidity, fiat to crypto transactions and vise versa, and more. The exchange is one of the world’s fully insured platforms, with coverage provided from LIoyd’s of London through the Nebbex Protocol. The Burency Mining facility answers some of the challenges associated with crypto mining such as mining destruction to environment and excessive mining power expenses by creating a sustainable facility powered by renewable hydropower. Burency provides a streamlined platform for the generation of cryptocurrency via purchased timeshare slots within the mining facilities using the BUY token. Additionally, computational power can also be purchased via the BUY token which governs purchases across the Burency ecosystem. The Burency Blockchain Development Center is dedicated mainly for advising enterprises on Blockchain applications and helping them operate on the blockchain for more efficient operation and business transactions execution. In particular, the center focuses on the creation of smart contracts that enable businesses to trade with entities across geographical and jurisdiction boundaries.
Active
aGifttoken
Offering people gifts is one of the most wonderful traditions, as it shows generosity and caring. aGifttoken is an exceptional system that is created to rebrand gifting. It offers a method of transforming experience between a gift sender and a gift receiver with the aid of Blockchain technology. Our vision is to create a world in which people can celebrate the most important events regardless the geographical barriers. The recent estimates show that 6.5 billion people purchase greeting cards with retail sales worth: $7 to $8 billion annually. There is a highly intensively use of social media platforms to interact on special occasions. We estimate that people will switch more and more to digital apps in order to express their care towards their friends and families. We believe that the introduction of greater transparency and security will increase contributions dramatically. aGifttoken which is based on recent blockchain technology would therefore be a major beneficiary of the increased revenue in digital gifting space.
Active
Smart Trade Coin
Nowadays, despite impressive profits, trading in cryptographic currencies on financial markets is becoming more and more challenging. The only way to be successful in this area is to have a powerful information tool that will enable you to trade several orders of magnitude more effectively. Our team has created and is ready to launch the revolutionary SMART TRADE COIN SOFTWARE. The profitability of arbitrage transactions made using it has been confirmed by independent live-testing. We will direct the entire potential of SMART TRADE COIN WORLD to building the largest decentralized crypto training community capable of directly influencing major exchanges. Smart Trade Coin allows people to successfully trade in cryptocurrencies even in small amounts. Smart Trade Coin is planning a new revolutionary functionality. It will allow for even better use of the STC platform for financial transactions. It will also allow for obtaining considerable profits! VISA Smart Trade Coin. This is an excellent option that will allow you to gain even more!