Please take a quick look at the following dates. All the days in the schedule begin at 00:01 GMT.

TGE timeline

Registration for TGE: 11th Feb — 13th Feb

Please use this link to register for the TGE on Feb 11. Please note that you are eligible for the TGE only if you successfully register after clearing the requisite KYC process. You cannot participate in the TGE if you are in the US, Canada, Singapore and China, and other countries banned by the OFAC.

Public TGE: 19th Feb — 22nd Feb

Here are the basics

Day 1: We will take the total amount of tokens divided by total contributors (registered for the TGE) and offer this for the first 24 hours.

Individual Cap for within the first 24 hours = 5000 ETH / # of registered contributors.

Day 2 and 3: The individual hard cap will be lifted and the TGE continues until we hit the total hard cap.

Note: If the transaction fails, it is mostly likely due to one of the following reasons -

Your address was not whitelisted Your contribution exceeds your individual cap You did not set the minimum required Gas limit (set at 315,000)

Preventing Gas Wars

To prevent gas wars, the individual cap will be determined based on the number of registered contributors. This individual cap guarantees allocation for every contributor that registers to the public TGE. This means that irrespective of whether someone sets a very high gas price, they will not be allocated more tokens than reserved for the individual cap.

However, this applies only for the first day. If we do not hit the total hard cap on the first day, we will remove the individual cap from the second day onward. Therefore, to avoid being victims of a gas war, we request all registered contributors to have their tokens generated on the first day itself.

Token allocation

Token allocation

12 billion tokens in total

40% for the TGE (private + public)

10% for Token Release Schedule (TRS)

12% for team on a 4 years vesting schedule

3% for advisors

10% for future team

25% for collaborators and partners of ecosystem

Vesting and Token Release Schedule (TRS)

From the beginning of the TGE (19th February) until 25th February, each contributor will have the option to vest in or vest out. The TRS (inspired from the Aion network) serves as an authentic model to reward the Lendroid community members who support the long-term vision of the project.

Vesting Out: If you choose to vest out, 100% of your tokens can be withdrawn after the TRS subscription ends and the token transfer function is enabled (estimate: 15 days after the TGE ends, 3rd March).

Vesting Out, The tokens can be withdrawn at a rate of 1 ETH = 48,000 LST (no discount).

Vesting In: If you choose to vest in, additional tokens — a minimum of 25% of your generated tokens — will be allocated as bonus after the Public TGE. Your tokens will be locked for a period of 1 year with a portion of them being released every month through the TRS Contract.

Vesting In, 1 ETH = 48,000 LST + Bonus (25% guaranteed + remaining unsold LSTs distributed pro rata).

Note: Here’s the repository on github. In a later blog, we will explain TRS in further detail. We are committed to providing all the information you need to make an informed decision.

Note: Unsold tokens will be redistributed to the vesting participants upon the completion of the TGE.

Note: There are no discounts or special offers in the TGE that would give undue preference to participants.

Important Advisory

Purchase of LST is not an investment.

It is intended for those who want to utilize it for themselves rather than resell.

Beware of scams. For extra security, always verify the address through multiple modes of communication. Send small amounts, confirm, then send the full amount of any transaction.

These are ERC20 compatible tokens, and transferable by the contributor. Lendroid foundation will not be party to any of these transactions.

Please speak to your lawyer, accountant or any legal entities if you are unclear about anything in this communication.

Residents of USA, Canada, Singapore and China, in addition to countries banned by OFAC, will not be able to participate.

Registration is mandatory to participate in the sale.

Everyone who registered will be able to participate in the sale.

Lendroid foundation is not responsible for providing any liquidity options such as listing on exchanges.

Ask us any and every query you might have. If you are still unclear or not satisfied with the responses, please do not register or participate in the TGE.

Beware of phishing, scam attempts and FUD

Over last couple of years, millions of dollars have been lost to scammers pretending to be from a particular project team. We would like to caution you that the same attempts are likely during our TGE as well and it is up to you to protect yourself from scams. These scam efforts include but are not limited to creation of look-alike profiles of team members, mimic websites, FUD websites, and fake social media profiles. When in doubt, do not proceed.

During the TGE period, scamsters might share ETH address and claim it is the official TGE address. Please do not send funds to any individual who shares ETH address. Once the TGE begins -

Our Telegram discussion group will be made private We will communicate through the Telegram Announcement channel and Twitter

Please note:

No member of the Lendroid team will ever ask for funds privately or publicly by just providing the address. All the registrations are handled through the official page, i.e., TGE.Lendroid.com.

If you come across any fake websites or attempts to extort money, please inform us immediately.

There are no discounts or bonuses offered to anyone, throughout the TGE. Please refrain from dealing with anyone on a personal level for any secondary sales.

Don’t send funds to anyone who provides you with their ethereum address.

Don’t share your email with anyone

If you get an email from us and your spider senses start tingling, make sure to check with us on our Telegram, Slack or Twitter accounts before clicking or opening.

About Lendroid

Welcome. Lendroid is a non-rent seeking protocol that enables Margin Trading and short selling of ERC20 tokens without having to give custody of funds to a centralized authority.

As a first use case, we are focused on an over $1 bn market need (according to BFX Data) for low-risk, low-friction margin trading and short selling, on non-custodial (decentralized) exchanges.

You can learn all about the protocol on the website, and our whitepaper.

Purpose of TGE communication

1. Complex regulation: Regulations surrounding TGEs, ICOs, token sales, etc. are complex and can be overwhelming. We aim to provide the most comprehensive view and make the TGE process user friendly to the community.

2. Different geographies: As an addition to the first point, these regulations sometimes differ from one region to another. We are trying to ensure clarity and uniformity to the process irrespective of where you are.

3. Quality governance throughout: We place great emphasis on fairness, both in the functioning of the protocol, as well as our conduct as an organization. This communication is an effort towards complete transparency, in line with our standards of governance.

Disclaimer

Unless otherwise agreed to in writing, communications from Lendroid Foundation are intended solely for informational purposes, and should not be construed as investment advice and are not meant to be a solicitation or recommendation to buy, sell, or hold any tokens mentioned.

We believe the information contained herein to be accurate and reliable. However, errors may occasionally occur. Therefore, all information and materials are provided “AS IS” without any warranty of any kind. Lendroid Foundation is not responsible for typographic errors or other inaccuracies in the content. The information provided in this communication should not be used as the sole basis for making any acquisition decision. Rather, readers should use the information as a starting point for doing additional research on the token mentioned in order to allow the reader to form their own opinion.

We do not guarantee, warrant or represent that any acquirer purchasing or selling such tokens will profit from doing so. The possibility exists that acquirers may lose all or a substantial portion of their contribution were they to buy or sell such tokens. Non-factual statements, including statements regarding possible future events, constitute only subjective views and/or present intentions; are not representations or warranties; and are subject to change. Some information may be obtained from third party sources that Lendroid Foundation believes are reliable, but Lendroid Foundation has not independently verified the information and cannot guarantee its accuracy or completeness. Any indices discussed are for illustrative purposes only; and have limitations when used for comparison or other purposes because they may have different volatility or other characteristics.

Stay tuned for the next blog, which will explain the registration process in illustrated detail.