LEND Pitchdeck
Last updated
Last updated
LEND is a natural extension of the TEN Finance Ecosystem that is currently on the BNB Chain, and soon launching the native $LEND token on the Cube Network! LEND by TEN Finance has plans to quickly expand to Avalanche, Cronos and Ethereum amongst other EVM compatible chains.
LEND will establish pools of algorithmically derived interest rate model, based on current supply and demand of each respective asset. Suppliers and Borrowers of assets interact directly with the protocol in earning and paying a floating interest rate.
This is all done without the need to negotiate terms of maturity, interest rate or collateral with any peer or counterparty! LEND Money Markets will only supply the most liquid assets available to the markets.
TEN, the Token Enrichment Network, is the next generation of Decentralized Finance, SIMPLIFIED. Powered by BNB Chain, TEN Finance leverages the innovations brought to the market by first generation DeFi projects and integrates emerging technologies to enhance yield optimization in a simple yet efficient manner.
TEN simplifies the staking and lending process with the most liquid LiquidityPools and Tokens while providing a robust yield earning and lending environment for the users.
TEN is Decentralized Finance, Simplified!
| SUMMARY | |
|---|---|
TOKEN SYMBOL | LEND |
TOKEN TYPE | CRC20 |
TOTAL SUPPLY | 1,000,000,000 |
INITIAL SUPPLY | 19,000,000 |
INITIAL MARKETCAP | TBA |
2% - 20,000,000 LEND Allocated for Seed Round
16% - 160,000,000 LEND Allocated for Private Round
2% - 20,000,000 LEND Allocated for Public IDO
40% - 400,000,000 LEND Allocated for Lenders & Borrowers
20% - 200,000,000 LEND Allocated for LEND/BNB Rewards
15% - 150,000,000 LEND Allocated for Airdrops
7.5% - 75,000,000 LEND Allocated for Collaborator Incentives
7.5% - 75,000,000 LEND Allocated for TEN Finance Dev Team
50% of the LEND fees are distributed to TEN Finance
25% of the LEND fees are distributed to tLEND Lockers & Stakers
25% of the LEND fees are distributed to TEN Lots Holders
Example: For every $1 earned by :platform, $0.50 goes to TEN Finance, $0.25 goes to tLEND Lockers & Stakers and $0.25 goes to TEN Lots holders.
100% of the Penalty fees are distributed to tLEND Lockers
20,000,000 LEND
5% available at TGE, then 4 month cliff with monthly linear vesting from month 5 to 15 at 8.64% per month
160,000,000 LEND
10% available at TGE, then 3 month cliff with monthly linear vesting from month 4 to 12 at 9.44% per month
20,000,000 LEND
15% available at TGE, then 1 month cliff with monthly linear vesting for 5 months at 17% per month
The airdropped LEND is subject to a mandatory three (3) month cliff, and cannot be unlocked early
25% unlocked on day 91 with a further 25% unlocked every 90 days
Hold minimum of 10,000 TENFI Tokens
12 month vesting period • 25% unlocked every 90 days • 2 LEND tokens per 1 TENFI held • TEN Finance will check every 90 days for TENFI held, if TENFI falls below 10,000, remaining LEND airdrop will be forfeited
3 month cliff, 25% released every 90 days, subject to longer terms
These airdrops are meant to incentivize and engage with different communities to get familiar with LEND platform
Users can lock tLEND tokens for three (3) months and will receive Platform Fee Rewards plus Penatly Fee Rewards in (USDT)
The locked tLEND is subject to a mandatory three (3) months lock, and cannot be unlocked early
Lockers earn the Penalty Fee Rewards from users who unstake their tLEND tokens before the 3 months Vesting period is
complete
Users can stake tLEND tokens and receive Platform Fee Rewards in (USDT)
Users can unstake at any given point in time.
Users will be deducted a penalty from their Platform Fee Rewards if they unstake their tokens before Vesting period is complete
Penalty Fee Rewards will follow the structure below; • 50% penalty if user unstakes before 30 days • 35% penalty if user unstakes after day 31 and before day 60 • 25% penalty if user unstakes after day 61 and before day 90
TEN Finance is determined to simplifying every absolute aspect of the DeFi process while at the same time providing a comprehensive product. An easy to use UI/UX will create the ease of entry to the DeFi ecosystem and in particular Yield Farming.
We believe that DeFi and in particular Yield Farming will be the new “savings” account of the future for everyone. Users everywhere will be able to earn passive income with DeFi platforms. TEN Finance allows the user to seamlessly interact in such a manner.
User interface and user experience is key to adoption, but more important is the simplicity of the process. Without simplicity, we only complicate, and thus this one word “Simplified”, defines ten.finance.
Contact Info:
Website: lend.finance Email: contact@lend.finance Twitter: twitter.com/tenfinance Github: github.com/tenfinance Telegram Group: t.me/tenfinance Telegram Channel: t.me/tenfinance_ann Facebook: facebook.com/tenfinance Medium: medium.com/tenfinance
General:
This investor presentation (the “Presentation”) has been prepared by TEN. While this Presentation has been prepared in good faith and to the best of their ability by the TEN management, recipients should make their own independent investigations and inquiries regarding matters in this Presentation, and rely upon their own judgment as to the accuracy and completeness of any information. Any reliance placed by the recipient on any information shall be at their own risk and TEN and other related entities shall not be liable for any indirect or consequential loss whatsoever or howsoever arising.
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