[ANN] [ICO] Soma Lending (XSML): Decentralized Lending Application on Waves

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July 31, 2019

[ANN] [ICO] Soma Lending (XSML): Decentralized Lending Application on Waves

TopicStarter: Jay-Raymond –
Newbie

http://client.wavesplatform.com

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Introduction

Hello everyone out here, my name is Jay, I have founded Soma Lending. My project is a crypto lending platform on waves blockchain that allows people to lend or borrow more than 150+ of any liquid ERC-20 tokens. I was always passionate about the possible things that blockchain can do, but never really tried to create anything myself. Now I have this opportunity.

Soma Lending – Lend & Borrow crypto anytime and earn weekly interest paid to your waves wallet, since my project is not that big yet, at the start I will handle all lending/borrowing requests by myself, later if there is overload of requests I will add more Soma managers, so all lending requests are processed fast.

ICO Details

X Soma Lending ICO Details

Anti-Money Laundering (AML) compliance from legal entity: https://github.com/soma-lending/general/blob/master/Anti-Money%20Laundering%20(AML)%20compliance%20from%20legal%20entity

Tokens for public sale: 100,000,000 XSML

SOFT CAP 2K$ (10 ETH)

HARD CAP 5K$ (24 ETH)

ICO Price: 0.00003700 Waves (0.00004$)

Individual Purchase Cap 310$ (1.5 ETH)

1 ETH – 4,189,189.18 XSML

Start Date: 01/08/19
End Date: 30/08/19

To be eligible to participate in our ICO you will have to fill our simple KYC form: https://docs.google.com/forms/d/1hMYtE8oEuvjWVl84PmRn8xPpf9FxErM5iopFKL890tg

Monthly XSML Token Unlock Program

We will take a snapshot of XSML balances across all waves users at the end of each month and distribute the monthly tokens on the 15th day of each coming month. This way we support our loyal hodlers. The tokens will be automatically credited to your Waves account. The exact schedule will be released by the end of this month.

Soma Lending Terms

Min. lending amount 50$
Min. borrowing amount 100$

Interest Rates

Lenders

One week (Five business days) 6.25%
Three weeks (Fifteen business days) 12.5%
One month (Thirty business days) 25%
Two months (Sixty business days) 50%

Borrowers

One week (Five business days) 10%
Three weeks (Fifteen business days) 20%
One month (Thirty business days) 35%
Two months (Sixty business days) 50%

FAQ

Can I Finish My Loan Prematurely?

Yes, you can finish your loan prematurely just paying the outstanding instalments following the same loan terms.

What Collateral Can I Use?
ETH, BTC, XSML and more than 150 liquid ERC20 tokens.

What Can I Borrow?
Same as above.

Token details

XSML/Waves Market: https://client.wavesplatform.com/dex-demo?assetId2=8oQL66wsM16Ka7PZHM4EzY6HzbPYi3uSYV4GeZAXLmSZ&assetId1=WAVES

Token name: Soma Lend
Ticker: XSML
Total Supply: 200M
Block explorer: https://wavesexplorer.com/
Wallet: https://wavesplatform.com/products-wallet

Social media

Twitter: https://twitter.com/SomaLending
Telegram: https://t.me/SomaLending

SOCIAL LINKS
Twitter: https://twitter.com/SomaLending

Telegram https://t.me/SomaLending
Github: https://github.com/soma-lending/general/blob/master/Anti-Money%20Laundering%20(AML)%20compliance%20from%20legal%20entity

Created by Neekel
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https://bitcointalk.org/index.php?action=profile;u=1360078

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