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1Commercial White Paper A new dawn is coming to the world of conventional lending*Amended 14/06/2018Copyright c 2018 Lendo Plat PTE Ltd2Table of ContentsDisclaimer 3Introduction. 4Lendo’s Unique Benefits 4ICO Summary 4About Lendo 5Lendo’s Due Diligence. 5Limitless Potential 5Consumer Credit Market . 5First Mover Advantage 6Gap in the Market . 6Lendo Vault Explained. 7What happens to my crypto collateral when I’m accepted for a loan 7Lendo’s Business Model Operating Strategy. 8Lendo Lending Plat 8Lendo route to Market 8How does Lendo make Money 8Lendo Vault Fees Explained. 8Why would borrowers want to pledge crypto coins in order to borrow fiat currency 8Our UK Lending Partners. 9What incentives do lenders have to work with Lendo. 9Lendo Added Value Services and Token Ecosystem. 10Currency Exchange 10Credit Cards. 11Crypto Digital Wallet System 11Lendo Token Holder Loyalty program 12Merchant System. 12Token Ecosystem. 13Future Plan for Lendo. 13The Ethereum Lendo Token ELT. 14Goals 14What is ELT . 14Why will the Lendo Token be valuable 14Handle Incoming Transactions In Smart Contracts . 15Improved Security. 15Lower Fees 15How the Lendo ICO works for the Token Holders 16Token Allocation 17Allocation Of Contributed Funds. 18Lendo Token Loyalty Program 18Bounty and Referral System 19Listing ELT on Exchanges. 19Internal Exchange 19A Unique Wealth Building Opportunity. 20RoadMap. 21The Team 22cutive Team/Board 22Advisory Board. 253Legal Disclaimer Please read the following notice carefully before proceeding to read this white paper document issued by Lendo Plat PTE Ltd, an mpted company incorporated and existing under the laws of Singapore hereinafter – “Distributor”. This notice applies to all persons who read this document. Please note this no-tice may be altered or updated. The white paper does not constitute any relationship contractual or otherwise between you hereinafter – “you” or “Holder” and the Distributor. Acquisition of the Lendo tokens is available only after accepting the terms of the token sale hereinafter – “TC”.Acquisition of Lendo tokens does not represent an exchange of crypto currencies for any of ordinary shares of the Distributor and a Holder of Lendo tokens is not entitled to any guaranteed of dividend. Holders of Lendo tokens are only entitled to certain rights as laid out within the Terms and Conditions.Lendo tokens are not intended to constitute securities in any jurisdiction. This white paper does not consti-tute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction. This white paper is for ination purposes only. The contents of this white paper are not a financial promo-tion. Therefore, none of the contents of this white paper serves as an invitation or inducement to engage in any sort of investment activity. Prospective buyers of Lendo tokens should carefully consider and uate all risks and uncertainties associ-ated with the cryptocurrencies, Lendo and their respective businesses and operations, the Lendo tokens and the Lendo Initial Coin Offering. Familiarise yourself with all the ination set out in this white paper, Risk Notice and the TC prior to any purchase of Lendo tokens. Ensure that you are aware of all of the potential risks prior to obtaining Lendo tokens. The Risk Statement details all potential risks that you should consid-er. We recommend that you seek out independent financial advice before engaging in any sort of business endeavour.4Participate in the most exciting, secure and well-structured ICO on the market. Lendo is bringing cutting edge crypto technology to the trillion-dollar world of conventional high street lending.We offer the unique benefits ofA clear business plan. An experienced. team of finance, management and tech experts. An established network of fully regulated lending partners. Initial UK market focus with global expansion in phase 2 of rollout. ICO Summary About Ethereum Token ELTThe Token creation process will be organised around the smart contract running on Ethereum blockchain using the ERC223 standard.Price per tokenThe price per token varies with each phase of the ICO, meaning that early adopters will benefit from a substantially lower price. DatesThe launch of the ICO will take place in April 2018 and run for a period of 4 months.Total SupplyONLY 1.200.000.000 1.2 billion tokens will be issued. The supply is locked.Token loyalty programThe vault essential for any loan application will charge fees payable only with Lendo tokens. 30 of the vault revenue in ELT will be distributed pro rata to all token holders each quarter.UtilityThe Lendo token is a utility token. It is an essential requirement to access the Lendo Vault without which it is not possible to apply for a loan. It will also be possible in the future to use the Lendo tokens as collateral for a loan. Introduction5Lendo brings a breath of sanity to a crowded and confusing market place. With the recent proliferation of new ICOs hitting the market, it seems that many investors are being asked to throw caution to the wind and forget the normal standards of due diligence required when providing funds for company growth.We deliver an impressive team of professionals and a compelling roadmap for growth which will ensure quick and substantial market penetration of the vast global credit and financial industry. Limitless potential – let’s look at the size of the consumer credit marketLooking at the UK alone, British households borrowed a record £31.6 billion in 2016 - just from the purchase of cars - according to the Finance and Leasing Association.Bank of England statistics confirm that the total size of the market for personal loans, credit card debt and car loans is approximately £198 billion. Meanwhile the mortgage lending market is a colossal £1.3trillion according to the BOE. A mere 0.1 share of the UK consumer credit market would bring revenues of close to 20 million per year – based on an average APR of just 10 on funds lent to the market.Whilst a high proportion of the proceeds of the ICO will be used to provide additional liquidity to Lendo’s existing regulated lending partners, a key strength of the business model is that the plat can quickly and easily incorporate new lending partners. There is also the ability to sell reserve tokens to provide more liquidity. This means that the potential for growth is almost unlimited. £198 BillionPersonal Credit Car Loans Mortgages£31.6 Billion £1.3 Trillion6The Team have set themselves a challenge to achieve a 1 share of the consumer credit market in the U.K. alone within 2 years. There are stalled loan applications valued in excess of 1.5 billion in the market because rival plats are either peer to peer meaning they have to identify lenders as needed or are using the proceeds of the ICO meaning liquidity is limited. Because Lendo has access to the world of regulated conventional lending, additional funds can be accessed to meet demand.First mover advantage – crypto currency as loan guaranteeDespite the size of the market, the UK lending industry has been slow to adopt blockchain technology and has yet to recognise crypto currency as an asset which can be used as loan collateral.There is a huge gap in the market and we are now able to offer the tools, expertise and technology solutions to enable lenders to accept crypto currency as loan collateral.We can also speed up the conventional lending process by using ‘end to end’ smart contracts from the point of loan application all the way through to closing the loan book or cuting ‘re-possession remedies’ in the case of default by the borrower. Lendo s the bridge between conventional lenders and the growing crypto community7Lendo Vault ExplainedLendo provides a means for borrowers to raise a cash loan against the cryptocurrency assets accepted by Lendo and its partners.These assets are stored as collateral by Lendo for the period of the loan – similar to a conventional escrow system.The BORROWERLENDO VAULTTHE LENDERLOAN ISSUEDLoan accepted via optional smart contractCrypto Currency deposited as collateralWhat happens to my crypto collateral when I’m accepted for a loanThe crypto currency collateral is deposited in the secure Lendo Vault – the vault is built on our proprietary, ultra high security software system. Borrowers will always be able to see that their funds are safely stored there when they log in to the Lendo website. The crypto assets are placed in ‘cold storage’, which means they are not stored online. This is an additional layer of security that greatly reduces any risk of theft or fraud. Borrowers will not be able to access their collateral until repayment of the loan is successfully completed. A borrowers pledged cryptocurrency stored in the Lendo vault will rise in value at the same time as it would have in their wallet or on an exchange. The borrower’s crypto assets will be returned to them once the loan is repaid via an optional multi-signatory smart contract. Even in cases where the borrower defaults on the loan, the same multi-signatory smart contract ensures that only the listed signatories can access the pledged assets for repayment. Even in cases where a smart contract is not applicable, only the listed signatories can access the pledged assets for repayment. This list includes the borrower and this signatory can only be over-ridden when a clearly defined default notice period has been exceeded.1. The Borrower applies for a loan.2. Loan accepted via optional smart contract.3. Crypto Currency deposited as collateral4. Loan issued in fiat. The Crypto currency is returned to the borrower on repayment of the loan.oan ac eptsmart contrCrypto Currencdepositolla er8Lendo’s Business Model and Operating StrategyGeneration of funds/ seed capital ¤ £ ETH BTCBuyers purchase Lendo tokens using crypto or fiat currency.The Lendo tokens will be issued via Ethereum smart contracts and have the potential to show a marked increase in value once the tokens are listed on an exchange and when the Lendo lending plat goes live.Business Model Lendo lending platLendo will be a commercial lending plat powered by proprietary blockchain technology.Operating strategy/ USPLendo route to marketLendo will provide the software protocols and crypto expertise necessary to enable conventional lenders to accept crypto currency as collateral*There is a huge gap in the market as conventional lenders do not have sufficient knowledge to collateralise new currencies.Lending PlatThe lending network will be initially comprised of fully regulated UK FCA licensed brokers. Lendo has already secured contractual agreements with a major UK lender to pilot the scheme. The lenders will ini-tially accept Bitcoin, Ethereum, Ethereum Lendo Token ELT and Litecoin.Lenders will provide fiat loans using crypto currency as collateral at up to 60 LTV. Loans can be used for any purpose.*Crypto currency will be accepted as collateral subject to the normal lending terms and conditions and kyc and compliance procedures. How does Lendo make money 1. Lendo receives a percentage of the loan interest that the lender charges to the borrower. 2 Lendo builds a growing network of lenders who will pay a monthly fee for the software services.3. Lendo will make a margin on exchange plat trades. 4. Lendo will charge a small loan arrangement fee to borrowers.5. Lendo will charge vault fees in ELT and credit/debit fees from all its users. Lendo vault fees explainedThe Lendo merchant system fees and card transaction fees will be at or below current market rates, typically around 1 or 2 of the transaction. Vault fees will be payable in Lendo tokens only and there will be a fee structure to provide flexibility for vault users. Access fees will be charged when crypto assets are lodged and withdrawn, and there will be an annual or monthly maintenance fee. Loan fees Where a loan application is made a success fee equal to 1 will be charged subject to a miniumum of 50 euros and a maximum of 1000 euros.Why would borrowers want to pledge crypto coins in order to borrow fiat currencyIt is becoming evident that most buyers of Bitcoin and Ethereum, for example, are holding on to their coins as a long term investment rather than using them to purchase goods. The huge potential increases in value over the next few years mean that Bitcoin owners who need short term cash would prefer to hold on to their cryptocurrency and borrow fiat at double digit interest rates rather than sell the coins and be priced out of the market at a later stage. Many borrowers will wish to make use of the service for tax planning. In most countries, selling an asset including crypto currency for more than was paid for it will give rise to a taxable gain. In the UK this could be as much as 40 of the increase in value. Borrowing against the asset however, does not give rise to a liability for tax.9Our UK Lending PartnersLendo has signed an agreement with well-established and fully licensed UK lending companies.These lenders specialise in personal loans, consumer credit and car finance which total a 198-billion-pound market in the UK.All lenders are regulated by the FCA Financial Conduct Authority who control and strictly regulate the entire UK financial services industry, including everything from banking, mortgages, insurance and consumer loans to the wealth management and securities market. www.fca.org.uk The UK is generally recognised as being one of the world’s safest and most transparent financial markets, so FCA approval is a highly sought after ‘badge of credibility and security’.Key Questions What incentives do lenders have to work with Lendo1. Lenders will gain ‘first mover advantage’ and gain extra market share by attracting new swathes of borrowers who own crypto coins.2. Lenders will be trained in and acquire new blockchain lending technology, software and expertise that will add multiple value to their businesses.3. Lending decisions will be made easier as they are based on quickly realisable asset value rather than conventional credit scoring.4. Lenders can re-possess crypto assets quickly and easily in the event of loan default through automated smart contract systems which pass possession from borrower to lender via the Lendo escrow/exchange system without needing time consuming and expensive conventional legal processes. Even in cases where a smart contract is not applicable, only the listed signatories can access the assets for repayment.5. Lenders can now have a global reach as the crypto assets are held in Lendo’s international escrow/exchange system meaning that the borrowers country of residence is no longer of significance.10Lendo Added Value Services and Token EcosystemGlobal exchange Credit cards Visa and Mastercard Wallet
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