📊Tokenomics
Welcome to the $LEND tokenomics section 👋
Some of our core values are transparency & simplicity. Use this section to quickly find the raw stats of the $LEND tokenomics.
| SUMMERY | |
|---|---|
TOKEN SYMBOL | LEND |
TOKEN TYPE | BEP20/ERC20 |
TOTAL SUPPLY | 1,000,000,000 |
INITIAL SUPPLY | 14,250,000 |
INITIAL MARKETCAP | TBA |
Token Allocations & Vesting Periods
Use this section of the LEND Gitbook to understand how the unlock schedule for LEND tokens at the various rounds of sale.
🌱 Seed Round:
The first round of sales for the LEND token sales. This event is an opportunity for larger supporters to get in on the ground floor of LEND. Minimum purchase required to secure entry.
SEED LEND Price: $0.01 / LEND Available LEND: 120,000,000 LEND % Of total supply: 12%
VESTING: 5% at Token Generation Event (TGE), followed by a 4 month cliff with linear vesting from months 5 -> 15 at 8.64% per month
💰Earning: ALL Tokens bought during the public sale WILL start to earn protocol revenue during vesting period.
🔒 Private Round:
This is the one most of our users will be participating in. To access this event a whitelist pass is required. From September 2021 LEND ran many whitelist events for this sale and over 14,000 unique wallets registered!
Private Sale LEND Price: $0.03 / LEND Available LEND: 75,000,000 LEND or $2,225,000 % Of total supply: 7.5%
VESTING: 10% at TGE, followed by a 3 month cliff with linear vesting from months 4 -> 12 at 10.00% per month 💰Earning: Tokens bought during the public sale WILL start to earn protocol revenue during vesting period.
🎉Public Round:
The final public round is a chance for any late entrants or un-whitelisted wallets to get some LEND tokens! We wanted this event to be accessible for as many investors as possible.
Public Sale LEND Price: $0.07 / LEND Available LEND: 5,000,000 LEND % Of total supply: 0.5%
VESTING: 15% at TGE, followed by a 1 month cliff with linear vesting for 5 months at 17% per month
💰Earning: Tokens bought during the public sale WILL start to earn protocol revenue during vesting period.
💎 Lender & Borrower Rewards :
These are the tokens reserved as rewards for ecosystem users supplying tokens to the LEND protocol and those borrowing from it. This is a key step to distributing the $LEND tokens to our users so they can benefit and use these tokens to claim 25% of the total platform revenue. Emissions for these are scheduled to last years.
LEND Price: N/A These tokens are reserved as rewards for our users of our ecosystem. Available LEND: 400,000,000 % Of total supply: 40% 🤯
💰 LEND LP Rewards :
These are the tokens used as the reward for supplying liquidity to LEND LPs and supporting the health/liquidity of our ecosystem. If you support LEND you'll get to receive additional LEND tokens which can be staked/locked to earn bonus protocol revenue.
LEND Price: N/A These tokens are reserved as rewards for our users of our ecosystem. Available LEND: 150,000,000 % Of total supply: 15% 🤯
🪂 LEND Drop (Airdrop for TENFI Stakers) :
These are the tokens that were used as an exclusive reward for $TENFI token stakers on app.ten.finance . This event is CLOSED and was fully subscribed within 2 weeks of launching.
LEND Price: N/A These tokens are reserved as rewards for our users of the TEN Finance eco. Available LEND: 100,000,000 % Of total supply: 10%
VESTING: 3 month cliff after TGE with linear vesting for 12 months at 25% every 90 days. Airdrop cannot be unlocked early and will be forfeit if their $TENFI stake drops below their registered amount before vesting ends. Forfeit tokens will default into the LEND rewards pool.
❌ Earning: Tokens earned via the TENFI stake promotion will NOT earn protocol revenue during the vesting period.
🎁 Collaborator Incentives :
These are the tokens that will be used as incentives for future LEND ecosystem collaborations / expansions to support and encourage future growth of the platform.
LEND Price: N/A These tokens are reserved as rewards for our collaborations. Available LEND: 75,000,000 % Of total supply: 7.5%
VESTING: 3 month cliff with linear vesting for 12 months at 25% every 90 days.
❌ Earning: Tokens for collaborators will NOT earn protocol revenue during the vesting period.
⚙️ Team DEV Allocation :
These are the tokens used to ensure ecosystem longevity and future platform innovation. As you can see these tokens are subject to a large 2 year cliff post TGE and do not fully unlock until 7 years TGE. This should be a clear indication on how long the project is aiming to be around for. Available LEND: 75,000,000 % Of total supply: 7.5%
VESTING: 24 month cliff after TGE with linear vesting for 5 years. ❌ Earning: Tokens out of the Team allocation will NOT earn protocol revenue during the vesting period.
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