LendoChain Update June 2022
Dear LendoChain Member,
This month we have an update for you about token distribution.
As you know the whitelisting ended on 30th May. This was well publicized on our social media channels, and in a newsletter. Unfortunately, if you missed the deadline, our support team are unable to provide further assistance at this time.
For those of you who have passed the KYC and have received an email verifying your whitelisting, we will be burning the old tokens, as previously announced, and you will be sent a new wallet address via email. So please look out for that.
The LendoChain Distribution Model
The first round of allocation is for early investors (Seed Investors). This is an opportunity to purchase the token at half the valuation price. The required investment period will be a minimum of one year.
When we are ready, we will be using Launchpad to promote our token. This is an IDO platform where users can get a first-look at new crypto tokens and their projects. This helps to drive awareness and adoption for projects, and acts as a bridge between investors and startups. The LendoChain token will also go live on an exchange.
In addition to this, we are going with a fully non-custodial wallet for the project, and have taken the decision to move implementation of the IBAN & Card feature to a later stage in our roadmap.
We’ll be bringing you more updates as we progress, so please keep an eye on our social media channels as well as your emails!
With our very best wishes
The LendoChain Team