Lendingblock reveals ICO pre-sale date 26 February 2018London Reporter: Becky Butcher
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Lendingblock, a cryptocurrency and crypto-asset lending platform, has revealed that its initial coin offering (ICO) pre-sale will go live at 15:00 GMT on 9 March, ending at 15:00 GMT on 30 March.
During the pre-sale, 450 million LND tokens will be allocated, 45 percent of the total available, including the 20 percent bonus.
The pre-sale comes after the successful private sale, which closed on the 27 January, raising $500,000, and ahead of the main sale of the ICO, scheduled for the 23 March.
The pre-sale has been capped at $7.5 million worth of tokens.
Lendingblock's primary target users are securities lending participants interested in trading with crypto assets.
Steve Swain, co-founder of Lendingblock, described blockchain as 鈥渢he answer to flaws in today's securities lending market that motivated several US pensions funds to sue their agent lenders for malpractice鈥�.
Swain has argued that innovations such as Lendingblock 鈥渃reates a parallel where those problems can鈥檛 arise鈥�.
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