Dear community and supporters, after much thought and preparation, we are excited to announce our Token Sale Road Map. In the following statement, you can find all the details you have been waiting for, along with other announcements and updates for the upcoming events.

Out of the 1 Billion ERC-20 LOAN tokens to be created ultimately, 600 Million (60%) tokens will be sold to the public, with 1.25% of that portion allocated to the Wings platform forecasters. The entire token sale hard cap is expected to be 50,000 ETH. The hard cap determination was done after thorough research and meticulous budget plan, to be used down the road for development, operations, legal & marketing expenses. Please bare in mind that in the event of a drastic market price change, the above numbers might change.

Pre-sale & Token Sale events

Lendoit’s Public Pre-sale — Lendoit’s token sale campaign officially started back in late September 2017. During the last two months, we have received amazing support from all over the world and have been approached by numerous individuals seeking to participate in an early contribution round.

According to Lendoit’s original plan, no pre-sale event was supposed to take place during the campaign and the only token sale was scheduled for December 13th. As a project which aims to empower the public while facing the centralized financial industry in order to borrow and lend funds without any 3rd party intermediary, we feel compelled to listen to the voices of those around us and to give our close community the opportunity to participate in an early contribution round. We truly believe that doing so is a simple act which will allow us to cherish the people who supported us from day one.

Therefore, we have decided to hold a public PRE-SALE in which Lendoit will offer 20% of the total LOAN tokens originally offered to the public, valued at 10K ETH. The pre-sale will take place on the original token sale date of December 13, 2017. As a result, the Lendoit Token Sale date will change and is now scheduled for January 18, 2018. Assuming all LOAN tokens will be sold during the pre-sale, the remaining 80% of the LOAN tokens allocated for the public, valued at 40K ETH, will be offered in the token sale in January.

Pre-sale participants will guarantee a bonus for taking part in Lendoit’s first contribution round, but more importantly, all Pre-Sale participants will both get access to all of Lendoit’s platform Alpha version screens and also earn themselves a unique opportunity to take part in Lendoit’s Ambassadors Referral Program, allowing them to earn LOAN tokens for bringing other people into Lendoit’s community. More information regarding the referral program will be released as we get closer to the Pre-sale.

Pre-Sale whitelist — Due to the existing high demand we have decided to make another gesture for our core community by Whitelisting 500 future potential contributors of our upcoming Pre-sale, giving them early access to the Pre-sale event. Starting from this moment and for the coming two weeks, every person will have the ability to reserve a spot in Lendoit’s Pre-sale by simply applying for it on our official site. We will not actively promote our Pre-sale Whitelist, giving our existing core community the first right to apply.

◉Hard Cap — 50,000 ETH ~ 18 Million USD (approx*)

◉Total Token Supply — 1 Billion LOANs (approx*)

Pre-Sale Whitelisting: Open until December 3rd, 2017

Pre-Sale: December 13th, 2017 - December 27th, 2017 — 125 Million LOANs (12.5%) — 10,000 ETH

Minimum Purchase: 1 ETH

Token Sale: January 18th, 2018 - February 18th, 2018 — 475 Million LOANs (47.5%) — 40,000 ETH

Minimum Purchase: 0.1 ETH