LendingStar ICO — The Details
LendingStar Exchange (LSX) is the world’s first invoice exchange built using blockchain technology. Invoices bought from alternative finance marketplaces around the world will be traded on this secondary exchange; the marketplace will allow for this trading in fiat and cryptocurrency, including bitcoins and ethers, and is due for public release in late 2018. Today, Wednesday October 25th, we are launching the presale phase of our ICO to bring this vision to life. Are you ready to be part of the company poised to revolutionize how small businesses are funded?
Presale Details Are As Follows:
Phase 1
- Dates: October 25th — October 30th
- Price: 1000 per 1ETH
- Min contribution: 2ETH
- Limit: 20,000 ETH
- Volume discount (one-time purchase): 100–300ETH — 15% bonus; 301–500ETH — 20% bonus; 501–700ETH — 25% bonus; above 700ETH — 30% bonus
Phase 2
- Dates: November 2nd — November 7
- Price 1000 per 1ETH
- Min contribution: 0,1ETH
- Volume discount (one-time purchase): 100–300ETH — 15% bonus; 301–500ETH — 20% bonus; 501–700ETH — 25% bonus; above 700ETH — 30% bonus
Phase 3
- Dates: November 10th — November 15th
- Price: 1000 per 1ETH
- Min contribution: 0,1ETH
- Volume discount (one-time purchase): 100–300ETH — 15% bonus; 301–500ETH — 20% bonus; 501–700ETH — 25% bonus; above 700ETH — 30% bonus
Phase 4
- Dates: November 18th — November 23rd
- Price: 1000 per 1ETH
- Min contribution: 0,1ETH
- Volume discount (one-time purchase): 100–300ETH — 15% bonus; 301–500ETH — 20% bonus; 501–700ETH — 25% bonus; above 700ETH — 30% bonus
Phase 5
- Dates: November 26 — December 1st
- Price: 1000 per 1ETH
- Min contribution: 0,1ETH
- Volume discount (one-time purchase): 100–300ETH — 15% bonus; 301–500ETH — 20% bonus; 501–700ETH — 25% bonus; above 700ETH — 30% bonus
Phase 6
- Dates: December 04th — December 09th
- 1000 per 1ETH
- Min contribution: 0,1ETH
- Volume discount (one-time purchase): 100–300ETH — 15% bonus; 301–500ETH — 20% bonus; 501–700ETH — 25% bonus; above 700ETH — 30% bonus
70% of the LST tokens will go to the crowdsale. Of the balance, 20% of the tokens will not be part of the crowdsale and will instead be held by the company and team as reserve. The remaining 10% will be held as a reward for advisors and partners.
LST tokens sold during the crowdsale will permit the holder to carry out operations on LSX when it goes live in 2018. LST can be used to issue new cryptoassets on the exchange, or used when buying an existing cryptoasset on the exchange. LST tokens will grow in value as activity on the exchange grows.
Proceeds from the crowdsale go towards the development of LSX’s blockchain technology and the primary marketplace expansion into new countries to ensure that there is sufficient quality invoices available on the LSX. If the crowdsale achieves has a maximum cap of 70,000ETH in proceeds, LendingStar will be well positioned to drive to more than US$6B in transaction volume on the exchange by 2020. For every 10,000ETH raised in excess of the soft cap of 20,000ETH, LendingStar plans to accelerate trading on the platform by US$50M per month.
Signing Up
Exciting, right? Now here’s what you need to know in order to sign up.
- Registering is easy — simply visit our sign-up page.
2. How to purchase Bitcoin or ETH (LSX ICO is available for contribution in Ether and Bitcoin only):
3. Keep your smart contract safe. You will be allocated a unique smart contract, that works only during the phase. We’ve extend the Smart Contract security adding the additional function into the LST purchasing. Below is Ethereum Smart Contract address, LST token address, and security codes to enter during contribution.
- Ethereum Smart Contract address for ICO Presale Phase I: 0x365D444A04A938005DEA1C5b24bf3FAD9aa89Fe4
- Security Code (Copy italicized code and paste it into the ABI/JSON field): [ { “constant”: false, “inputs”: [], “name”: “buyTokens”, “outputs”: [], “payable”: true, “type”: “function” } ]
- LST Token Address: 0xec97494eE4d697e7AB3D7682062bF564CeB9D08A
If you need advice on how to contribute please go to our Help Center, visit our Telegram group, or email to support@lendingstar.com.
There will be a team tokens cooling off period. 20% of the tokens that stays with the team will be unfreezed by small portions during 2 years. First 25% after 12 months after ICO and the rest during the next 12 month quarterly.
We can’t wait to see how LendingStar and our investors can help forever transform how small businesses are funded — join us in our future by signing up today.
