LEAD WALLET — FINANCIAL AND TECHNICAL SETBACK ENDS, APPLICATION LAUNCH DATE, DEFI, LIQUIDITY MINTING AND MORE… 🎉

• Lead Wallet Public Beta v1.0.0 to launch 🚀 in October, 2020
• Reward distribution set for October, 2020
• Lead Token ICO, Liquidity Mining for LEAD Token planned for post-app launch

Post-Failed IEO was Dark, But we Found Light at Last
It has been four months since we suspended our IEO sale. For everyone that has waited thus far, we appreciate your efforts and we sincerely apologize for all the inconveniences we may have caused you in the process. It was never our intention to stay mute or keep you in the dark throughout this period. When the IEO failed, a crucial team member who was supposed to be in charge of the app development left us to pursue other life engagement. Waking up to this sad reality, meant that every aspect of the project’s development had to stop. At the same time, some of the other team members were also negatively affected by COVID-19 situation and quarantine which also slowed us down in other aspects. It took us over two months to eventually find the right individuals willing to work with us given our limited situation.

Because we believe in the solution we are creating for the crypto space and the financial industry in general, we stayed relentless until we were able to land these two experts (back-end and front-end developers) who are currently working on the Lead Wallet application since early August. The addition of these new developers have significantly increased our development efforts. On this note, we can confidently affirm that Lead Wallet development is progressing smoothly and public beta has been set to launch in October 2020.

Our development situation is much better than before as our new tech team is much more committed than our ex-team member who decided to leave us right after the failure of our IEO.

In the upcoming announcements, we will provide proofs of development progress, including a demo version of our application. We believe that transparency is the best way to thrive better in the industry we find ourselves in, hence, we are committed to staying transparent with you guys with the all aspects of Lead Wallet development.

Lead Wallet Public Beta v1.0.0 — What to Except in October 2020

In the first public beta of the wallet application, it will be possible for users to store their BTC, ETH, all ERC-20 tokens, and about four to six additional cryptocurrencies. This public beta will start in October 2020. Once we release our first public beta version, we will continue integrating other exciting features as specified in our whitepaper.

In the near future version (after the public beta launch), users will also be able to navigate the DeFi space via the application — as this version will integrate the Web3 browser, flash loan and a Swap feature that will allow users to easily swap between different cryptocurrencies at a very reduced fee rate.

We will also integrate our liquidity mining program that we will explain further below. All of these features will be integrated very shortly in Q4 2020, right after our first public beta launch in October.

Community Events — Bounties, Airdrops, AMA/Quiz Winners:
Before we get into the liquidity mining announcement, we want to apologize to the LEAD enthusiasts that previously participated in community events (including bounties, airdrops, and AMA/Quiz winners). We owe you a lot. Without you, we will not have the huge community following we have today across different social media platforms. We are deeply sorry for the delay in paying the tokens due to you. We hope to right this wrong as soon as possible.

However, please understand that the reason for our delay is because our previous IEO was a complete disaster and we thought that it would be irresponsible and pointless to pay out LEAD tokens if the token itself does not have any monetary value attached to it without any exchange listing and product development.

Once more, we are deeply sorry for keeping you all waiting this long. All of you will receive your tokens as soon as October (at the same period of our public beta launch). Please keep in mind that all tokens that qualify under this category will stay locked for 100 days starting from the day token is paid to the respective users and will not qualify for liquidity mining programme until after the unlock. Once again, we apologize for all the inconveniences caused during this period, and we do hope that you understand that this is for the greater good of the Lead project 🤗.

Liquidity Mining for LEAD Token 🌟

Following the recent turn of events in the crypto space (arrival of bulls, DeFi hype, the continuous rise of staking protocols, liquidity mining programs, etc.), we’ve modified the LEAD tokenomics to align with the current market desire and need of the moment and to also ensure the sustainability of the Lead Wallet ecosystem.

We want to give our community members, investors, and supporters the opportunity to start earning extra LEAD tokens. Hence, we decided to activate Lead token staking which is also known as Liquidity Mining program for early adopters alongside our ICO sale later this year (keep an eye 👀 on this space).

It is no longer a hidden fact that staking (in it’s different forms and name tag) is a very crucial ingredient in the DeFi scheme of things as it helps token holders and platform users to earn while they HODL their crypto. While on the project side, staking does not just help to secure the networks in PoS based protocols, it also helps to extremely reduce the possibility of a token dump. For DeFi, staking goes the extra mile in helping to provide the much needed liquidity to keep a project’s token afloat. We like to call it the win-win scheme!

How will the liquidity mining plan work for LEAD token 🤔? Stay tuned for this, we will have all the details in the early September announcement! It will be exciting as you can get LEAD tokens when you join the liquidity mining programme. We are still finalizing the formula but the incentives will definitely be more attractive compared to many other DeFi liquidity mining programs out there!

As for the ICO, we will have three different ICO phases, each with their own attractive bonuses and exclusive accesses. More details and terms of the sale will be announced in the coming weeks (early September announcement). Stay tuned for our upcoming announcements as we will share very important and exciting details about the sale 💰.

For exclusive deals kindly send us an email: contact@leadwallet.io. Do not forget to spread the word about Lead public beta launch in October 2020!