[ANN] [PreICO] [ICO] ETHLend – Decentralized Lending DApp – The Game Changer

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Website ETHLend.io
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Recent News:

I. Dev update. Apllication will recieve more stability and additional functions.

ETHLend is working hard to develop, test and deploy the latest changes that the team is implementing to the decentralized application. Additionally, ETHLend reached the Q4 2017 milestone: Fiat-based loans and installments! Here are the new functions and features ETHLend is currently working on:

1. New milestone: FIAT-based loans � Users can choose USD as the base currency instead of following the Ethereum price. Therefore, the borrower does not suffer from volatility upon repayment of the loan, when the borrower is repaying the loan with FIAT earned income. The USD/ETH rate is provided by Oraclize.it.

2. New milestone: Installments � Users can select to pay the loan back in installments, for example every week, once a month, or other specified frequency. This feature is available for loans that are maximum of 1 year length. Penalty of 2% of the loan capital shall be charged and paid to the lender in case the borrower does not repay accordingly to the installment plan (Penalties feature is further developed on Q2 2018 accordingly to the roadmap).

3. Basic collateral management � Users must pledge 150% collateral. If the collateral drops in value to 100%, the lender has the option to call (claim) the collateral to further realize it in an exchange to regain any losses. The collateral price function is performed with the use of Oraclize.it.

4. Pre-accepted collateral tokens � Collaterals are limited to top 100 liquid ERC-20 tokens from the coinmarketcap. Therefore, the users do not need to insert token contract address and token name, which makes it more easier to place a loan request and avoid the issues related to placing the wrong address.

5. Reputation based lending and CRE removed until KYC/Civic addon is applied during 2018.

6. Small user experience upgrade � We are removing steps on placing the loan request from 5 steps to 2 steps → Place a loan request and send tokens. Moreover, Auto Refresh function is added where necessary to make the user experience more pleasant.

II. 2/12/17 ETHLend is listed on: EtherDelta, Kuocoin, Cex.com, HITBTC

III. 30/11/17  ICO is over. Thank you everyone for the participation!

ETHLend � Decentralized Lending on Ethereum Network

The first and only decentralized lending application on the Ethereum network.

About Page: https://ethlend.io

Video: https://youtu.be/IGaoqUoL1F4

White Paper

White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

What is ETHLend?

ETHLend is a decentralized peer to peer lending application built on top of the Ethereum Network, using blockchain technology to enable secure and transparent lending.

ETHLend is developing a global lending market where borrowers and lenders from all parts of the world can participate in lending. The aim of ETHLend is to provide a transparent and global lending market and to erase interest rate differences between countries by providing more liquidity to local lending markets. ETHLend solves key issues regarding to collaterals, decentralized credit rating and exchange volatility risks, which enables the concept of decentralized lending experience.

The team behind ETHLend consists of 20 people who share the same aim to deliver decentralized lending to everyone. ETHLend differs from most blockchain startups by the fact that the team introduced their alpha release in early May this year. Based on the practical findings, ETHLend provided a detailed White Paper on how decentralized lending might revolutionize the lending industry permanently.

The DApp – Experience Decentralized Lending

ETHLend DApp is located at https://app.ethlend.io

You need to install MetaMask Google Chrome Add-on and set MetaMask to Main Ethereum Network.

For Testing use https://test.ethlend.io and set MetaMask to Kovan testnet.

Videos on how to use the DApp: https://www.youtube.com/watch?v=Tb6fzGXADho&list=PLf4N4wF5YKdoJDIe2D_Cg4cXWa-ruMpV5

DAPP Thread: https://bitcointalk.org/index.php?topic=2013399

Source code released on GitHub on 1 September 2017 during ETHLend Meetup event.

Technical Roadmap

We consider ETHLend as a long term project. However, to make most of us, concrete deadlines are necessary. Therefore, we shall introduce the following roadmap for technical implementations:

ETHLend Alpha on Ethereum main-net on May 2017 (Milestone achieved)

ENS Domains as collateral on June 2017 (Milestone achieved)

Reputation-based Lending with CRE on July 2017 (Milestone achieved)

Token Sale Smart Contract on August 2017

Security Audit for the Token Sale Smart Contract on September 2017

USD/FIAT Based Loans and Installments December 2017

On-Demand and Crowd Lending (Loan Offers from Lenders) on February 2018

User Experience Upgrade on March 2018

Decentralized Credit Rating (DCR) on March 2018

Penalties for Late Payment on April 2018

Lending Bitcoin on April 2018

LEND accepted as payment with 25% discount on May 2018

Gateway for Decentralized Providers (uPort, Civic) to DCR on May 2018*

Oracles: Centralized feeds to DCR on May 2018*

Second User Experience Upgrade on July 2018

Protocol to enable AI and Big Data to assess Credit Risk on August 2018*

Revenue scheme for AI Credit Risk bot creators on September 2018*

Prediction Market to Assess Credit Risk on October 2018*

Lending Other Altcoins on November 2018*

Protocol to Enable Insurance Policies (with AI bots) on March 2019

Sophisticated collateral control (Calling & Liquidating the collateral) on May 2019

* These milestones are developed if the token sale cap (1 000 000 000 LEND is reached) due to the vast amount of resources these particular milestones require.

Governance Roadmap

Road to decentralization. ETHLend introduces the following roadmap adopting changes, improvements and governance to ETHLend:

White Paper on Decentralized Lending on June 2017 (Milestone achieved)

Incorporating in Hong Kong on August 2017 (Milestone achieved)

LEND Token Pre-Sale on September 2017

LEND Token Sale on November 2017

Relocating to Zug and Swiss Foundation or Swiss LLC on January 2018

LEND Trading on Exchanges on January 2018

Buybacks and Burning for LEND starts on January 2018

Opening Suggestions Venue for Public on October 2018

Creating and Testing Democracy DAO on November 2018

Voting on Suggestions Deployed on January 2019

Vesting for LEND Ends on December 2019


Timeline of the milestones:


Upcoming Token Sale

While ETHLend is continuing to develop the decentralized application further, the team also revealed details on the upcoming pre token sale. ETHLend introduces LEND token for contributors who are participating in the token sale. The main utility function of LEND is the ability to use it for paying deployment fees on ETHLend with a 25% discount compared to ETH. Additionally, ETHLend shall provide other privileges for LEND token holders based on the community suggestions once the DAPP has grown into a full scale lending market.

The participants in pre-token sale will receive 20% bonus tokens as a reward for early contribution. The funding aim concerning the pre-token sale is 2 000 ETH (6% of total sold token), which will be used for financing further research and development of our decentralized lending application. The purpose of the pre-sale is also to prepare for the upcoming official token sale on the 25 November 2017.

ETHLend pre-sale ICO details:

Starting:   25.09.2017 kl. 12.00 GMT
Ending:   25.10.2017 kl. 23.59 GMT or when the cap is reached


TOKEN FOR SALE:   60 000 000 LEND (6% of total sold tokens)
(price includes 20% bonus tokens for all pre-sale participants)

Pre-sold tokens are deducted from the 1 000 000 000 LEND sold on official token sale.

Official ETHLend token sale ICO details:

Starting:   25.11.2017 kl. 12.00 GMT
Ending:   27.12.2017 kl. 23.59 GMT or when the cap is reached


TOKEN FOR SALE:   1 000 000 000 LEND (deducted by pre-sold tokens)

LEND TOKEN PRICE:   First 200 000 000 LEND:   27 500 LEND = 1 ETH
(price includes 10% bonus tokens)

Next 100 000 000 LEND:   26 250 LEND = 1 ETH
(price includes 5% bonus tokens)

Remaining LEND:      25 000 LEND = 1 ETH

Buying Unused LEND back – Burnbacks

Buybacks are used to remove inefficient and unused LEND from the market to avoid price decrease on LEND and to strengthen the position of the DAPP users.
Buybacks increase the value of LEND by limiting the total supply of the token and by increasing the percentage of the ownership of token holder�s LEND. Buybacks mean that ETHLend will use part of its fees to buy LEND from exchanges and burn these tokens (erasing the tokens forever).

ETHLend derives cash-flow when loan requests are deployed or funded. These fees are in place to fund the development of decentralized lending on ETHLend. Currently, the fees for deploying a loan request is set to 0.01 ETH, which the borrower pays. Similarly, the lender pays 0.01 ETH for funding the loan (these fees are subject to change).
ETHLend will use flat 5% of these fees to buy LEND from the exchange to burn the LEND. Moreover, additional 1 to 5% is used on top of the flat 5% fee depending on the fee volume growth in ETHLend (compared to previous year�s volume). Therefore, ETHLend can use as much as 10% of the fees for buybacks to increase the value of LEND and the percentage of the ownerships of token holders by decreasing the total supply of LEND permanently. The buybacks start on January 2018. Here is a demonstration of the fees used for buyback:

First year (during 2018) = 5%
5% + additional 1% if fee revenue is 20% higher than in previous year
5% + additional 2% if fee revenue is 40% higher than in previous year
5% + additional 3% if fee revenue is 60% higher than in previous year
5% + additional 4% if fee revenue is 80% higher than in previous year
5% + additional 5% if fee revenue is 100% higher than in previous year

Creating more value for the DAPP users. The buyback model provides value to use for holding LEND. Therefore, buybacks motivates to use the token due to the increasing added value effect. When the price of LEND is increasing, the DAPP users can spend less LEND for paying the deployment fees.

Secondarily and indirectly, LEND provides token holders cash-flow. When the percentage of the token holders ownership is increasing, the token holder can sell the increased portion on every burn to realize profit. This makes LEND sought after token.

The aim is to deliver strong token to the market and reward the token sale participants for early involvement.

Token Sale Smart Contract

Currently on security audit. After the security audit, the code is released on GitHub with the report.

The Team

Introducing our team:

Stani Kulechov, Founder of ETHLend & Development, [email protected]


Jordan Lazaro Gustave, Head of Management, [email protected]


Martin Wichmann, Head of Token Sale, [email protected]


Adnan Javed, Legal Advisor, [email protected]


Sergej Stein, Financial Advisor & Blog, [email protected]


Kersten Sch�tze, Head of Corporate Strategy, [email protected]


Scott Malsbury, Head of Communications, [email protected]


Jin Park, Head of Marketing, [email protected]


Rowan Van Ginkel, Graphics & Visualization


Edmund To, Lead Junior Developer


Anastasija Plotnikova, Advisor & Translations


Nolvia Serrano, Media Correspondent


Kelly Pope, Social Media


Andreas Haraldsvik, Slack Wizard


Opinder Preet Singh, Local Advisor on Indian Subcontinent


Stephen You, Head of Korean Desk

Media Publications on ETHLend

























The Official ETHLend Big Bounty Program

Contribute to ETHLend by participating to the bounty program. By helping ETHLend you will be rewarded with LEND and you are part of building the first decentralized lending market.


Frequently Asked Questions

FAQ: https://about.ethlend.io/token-sale/


For questions use the Thread / Slack / Telegram / Discord (We love Discord) / WeChat (Chinese/Japanese) / KakaoTalk (Korean) / VKontakte (Russian)

Social Media – Witness the Movement of Global Lending Market

Telegram: https://t.me/joinchat/FWu2CQ0ZRCeWfey4eP8VhQ

Reddit: https://www.reddit.com/r/ETHLend/

Facebook: https://www.facebook.com/ETHLend/

YouTube: https://www.youtube.com/watch?v=IGaoqUoL1F4&t=2s

Twitter: https://twitter.com/ethlend1

WeChat: @ETHLend

KakaoTalk: https://open.kakao.com/o/gBzFr5y< /a>

Vkontakte: https://vk.com/ethlend


ICOBench gave us 4.6 rating: https://icobench.com/ico/ethlend

Twitter: https://twitter.com/ethlend1

Telegram https://t.me/ETHLend

Facebook: https://www.facebook.com/ETHLend/

Reddit: https://www.reddit.com/r/ETHLend/

Youtube: https://www.youtube.com/watch?v=Tb6fzGXADho&list=PLf4N4wF5YKdoJDIe2D_Cg4cXWa-ruMpV5

Github: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

Linkedin: https://www.linkedin.com/in/stanislav-kulechov-361284132/

Vkontakte: https://vk.com/ethlend

Created by Neekel

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