Lendroid ICO review, all information about token sale Lendroid (LST) | ICORating
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Lendroid

Trading

Overview

Lendroid is a Non-Custodial Margin Trading Protocol.

Features

Lendroid proposes a network consisting of two types of actions: off-chain actions that propagate an intent and on-chain actions that confirm the intent, thereby committing the state of the network on the Ethereum blockchain.

The drawbacks in terms of tag, efficacy of information and the fact that an Lendroid Oracle is a centralizing component make such an approach cumbersome and less than completely reliable. Despite this, Lendroid Oracles currently remain the simplest means of bringing external data on-chain.

On Lendroid, Oracles serve as a point of reference, and as a preventive against unwarranted triggers from Wranglers.

In the Lendroid Smart Contract System, there are the Fund Smart Contracts, Business Logic Contracts and the Proxy Contracts.

The Lendroid Support Token, or LST, is the native token of the Lendroid protocol. Participation requires a user to possess Lendroid Token.

The Lendroid Token has been envisioned for a three-fold objective: to lubricate process and drive utility on the protocol; to incentivize participation; to empower governance. As a non-rent-seeking protocol, self-sustenance can be achieved only if the Lendroid Token is tied to value creation.

Crowdsale

Token Sale
ICO start date 19 Feb 2018
ICO end date 22 Feb 2018
ICO token supply 240,000,000
Hard cap size 4,023,150 USD (fiat)
Raised 47,500,000 USD
Token details
Ticker LST
Type Utility-token
Additional Token Emission No
Accepted Currencies

ETH

Bonus Program

Vesting registered contributors will get 25% guaranteed bonus along with unsold tokens on a pro-rata basis through the TRS Contract.

Token distribution

40% - Lendroid TGE (private + public TGE supporters)

25% - Collaborators

3% - Advisors and governance

10% - Future Lendroid Team

12% - Lendroid Team

10% - Lendoid TGE (vesting bonus structure)

Ratings

Type of ratings
Rating
Status
Risk score
NA
Active

Team members

Name
Position
Score
Social
DEVOPS
1
DEVOPS
1
LEGAL COUNSEL
1
BRAND & UX
1
COMS & OPS
1
COMMUNITY MANAGER
1
PROJECT LEAD
1
TECH LEAD
1

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
Q2 2018 NA No NA NA

Exchanges

Exchange name
Country
Volume 24H
Pairs
Panama $438K 502
B+

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info NA
Lendroid ICO Contacts
More on ICO

Trading

(LST)
$0.0006
1.68% 24H
ETH
return 0.37x
Start ICO 19 Feb 2018
End ICO 22 Feb 2018
Token LST
Price 1 LST = 0.01957708 USD
Product Type Technology
MVP Product design and partially product code
KYC No
Whitepaper View
Lendroid (LST) widget
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