The sale was well phased with an individual cap during the first 24 hours. It lasted 30 hours, with 2569
unique contributors contributing to the TGE. The community support was
overwhelming all through. We look forward to the next phase.
The Lendroid public Token Generation Event (TGE) is now closed. We have reached our hard cap of 5,000 ETH for the public TGE.
Key statistics
A
majority of the contributors participated when the individual cap of
0.46 ETH was in effect. There were 2569 unique contributors who sent
2960 transactions. The average contribution was 1.9463 ETH. This spread
of participation validates our priority on community participation in
the protocol.
The Lendroid
team is humbled by the support and would like to thank every one of
you — contributors, community, backers, and critics.
You can find details of why and how we decided on our hard cap and tripled the vesting bonus pool, in our initial announcement of the TGE.
TGE and Token Distribution
The
public TGE began at 00:01 GMT on Feb 19. In an effort to maximize
participation, we set an individual cap of 0.46 ETH for the first 24
hours. On day 2, the individual cap was lifted. We reached our public
TGE target at about 06:00 GMT on Feb 20.
Contributors can change their vesting preference until Feb 26. The Token Release Schedule (TRS) contract is open until then. Here’s a quick guide to setting or changing vesting preferences
To change your vesting preferences:
Step 1: Go to tge.lendroid.com, enter your registered ETH address, click ‘continue’.
Step 2: Check the two boxes and click confirm.
Step 3: You now have access to the vesting toggle. Click on the vesting toggle for instructions on how to change your decision.
Step 4: Make note of the key units, including ETH amount, gas limit and vesting code.
Step 5: Open your registered wallet and enter -
- ENS Name / Contribution address (verified on https://tge.lendroid.com)
- Set ETH amount as 0
- Set gas limit as 125,000
- To vest, enter the code from the popup in tge.lendroid.com
Changing vesting decision on Jaxx, Metamask, MEW. Note: ETH address and code in image are indicative only.
Step 6: Send transaction.
We have an illustrated guide to the TGE, which explains this process and other TGE-related details more comprehensively.
2.
Tokens will be distributed 7–14 days from the end of the TGE. Once the
distribution is audited, the tokens become transferable.
Keys dates
- 26th Feb TRS subscription ends — You will be no more able to change your vesting preference.
- 3rd March (estimated, may change) — TRS contract deployed on mainnet which allows LST to be withdrawn according to your vesting decisions and the corresponding release schedule.
Stay in touch, beware of scammers
Impersonators
and scammers have been a menace over the last week or so. It is only
due to the vigilance of the community as a whole that we can counter
this. We request you to please make a note of our official pages and the
admins that man them. Do report anything suspicious.
Telegram
The active moderators on Telegram are @viananda | @supriya_v | @the_vii | @vig_sun
If
you receive messages from someone with a different username (with the
same profile picture and name), or from an impersonator without a
username please do not respond! Block them.
TGE Website
For TGE related information — contract address, vesting codes, etc., please go to tge.lendroid.com
Write to connect@lendroid.com
You will receive TGE-related communication from no-reply@lendroid.io (Username No Reply)
Do stay tuned for subsequent blogs in the weeks to come. This has been a TGE for the ages. Thank you once again.
Bitcointalk profile: redtrust
https://bitcointalk.org/index.php?action=profile;u=1726043
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