Lendingblock reveals ICO pre-sale date
26 February 2018 London
Image: Shutterstock
Lendingblock, a cryptocurrency and crypto-asset lending platform, has revealed that its initial coin offering (ICO) pre-sale will go live at 15:00 GMT on 9 March, ending at 15:00 GMT on 30 March.
During the pre-sale, 450 million LND tokens will be allocated, 45 percent of the total available, including the 20 percent bonus.
The pre-sale comes after the successful private sale, which closed on the 27 January, raising $500,000, and ahead of the main sale of the ICO, scheduled for the 23 March.
The pre-sale has been capped at $7.5 million worth of tokens.
Lendingblock's primary target users are securities lending participants interested in trading with crypto assets.
Steve Swain, co-founder of Lendingblock, described blockchain as “the answer to flaws in today's securities lending market that motivated several US pensions funds to sue their agent lenders for malpractice”.
Swain has argued that innovations such as Lendingblock “creates a parallel where those problems can’t arise”.
During the pre-sale, 450 million LND tokens will be allocated, 45 percent of the total available, including the 20 percent bonus.
The pre-sale comes after the successful private sale, which closed on the 27 January, raising $500,000, and ahead of the main sale of the ICO, scheduled for the 23 March.
The pre-sale has been capped at $7.5 million worth of tokens.
Lendingblock's primary target users are securities lending participants interested in trading with crypto assets.
Steve Swain, co-founder of Lendingblock, described blockchain as “the answer to flaws in today's securities lending market that motivated several US pensions funds to sue their agent lenders for malpractice”.
Swain has argued that innovations such as Lendingblock “creates a parallel where those problems can’t arise”.
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