LendLedger Update: Token Minting Process
To the LendLedger community — Happy New year!
In the past few months the LendLedger team has had a range of successes. These milestones include:
- Creating a live network at lendledger.org
- Recording loans daily on a test Stellar network
- Signing partnerships with global entities like the SmartCampaign at Accion, as well as in target markets such as the Philippines with LoyaltyCredit
Over next few months, we expect to grow our network with a more diverse set of data contributors and lenders in India, as well as in new markets such as Myanmar where we have in-principle support to kickstart the network from users and a donor.
As we focus on testing the model with these and further deployments in new markets, we will hold off on minting LOAN tokens until later in the year. This allows us to focus on ensuring our network operates smoothly in a controlled before we begin decentralizing.
What this means for you:
- Existing pre-sale buyers — we will distribute your share of tokens as soon as the tokens are minted.
- Bounty participants — the LendLedger bounty campaign will come to a close on January 31st. At which point your bounty stakes will be calculated. We will update you by mid-February about your allotted stakes and tokens will be distributed as soon as minting occurs. PLEASE NOTE — those who unfollow us on relevant social media sites, Twitter/Telegram etc. between now and the distribution of tokens will NOT be able to collect their stakes.
- Community members interested in buying LOANtokens — we are currently closed to all LOANtoken purchases, However, we will notify you if any change in status occurs after tokens are minted.
As always, we are greatly appreciative of all the community members who have followed, and engaged with, the project since our inception in 2018. We are excited to show you a fully functioning product in the upcoming months. If you have any questions about the project or the token please reach out to us in our Telegram group or by email at hello@lendledger.io.
