LendingStar Exchange (LSX) is the world’s first invoice exchange build on the blockchain, will be launching its presale ICO on Wednesday October 25th.
The presale phase one details, which will last the 25th October 2017 through the 30th October 2017, are as follows:
- 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
“We’re giving our earliest investors discounts for being our earliest backers,” stated Slava Artamonov, CEO of LendingStar. “Our hope is that all of our crowdsale investors will become retail investors in our marketplace, which is poised to forever change how small businesses are funded.”
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 participants.
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.
The presale of the LendingStar ICO commences on October 25th (02.00 UTC) and will run for approximately one month. Sign up today at https://secure.lendingstar.com/signup
LendingStar Pacific PTE LTD is a tech-based company registered in Singapore. LendingStar Exchange (LSX) platform is a product of LendingStar. For media inquiries, contact firstname.lastname@example.org.