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ICOSolend ICO
Solend SLND
Rank: 801
129 Watchlists
DeFi
Tags (Sub-Categories):
Solana
Contracts/Blockchains:

Solend Price

$ 0.370
-4.77

0.0000153

Low
High

$ 0.414

$ 0.370

About Solend

Solend is the autonomous interest rate machine for lending on Solana.
Website
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Solend IDO

IDO is ended:

1 Nov — 3 Nov 2021

Price

$ 6.57

ROI

0.06x ( -94.4% )

ATH ROI

2.63x ( +163.2% )

Raise

$ 26,274,440

Tokens For Sale

4,000,000

Lock-up

No lockup

Seed is ended:

in the Past

Price

Not Set

Raise

$ 6,500,000

Tokenomics

Total Raised

$ 32,774,440

Initial values

Market cap: $ 32,843,000

FDMC $ 656,860,000

CirculatingSLND 5,000,000

Token allocation

Total supply: 100,000,000

Public sale: 4,000,000 (4.00%)

  • Liquidity mining: 30%

  • Ido: 5%

  • Treasury: 25%

  • Team: 25%

  • Seed: 10%

  • Future strategic rounds: 5%

About IDO Solend

How the IDO works

The Solend IDO is modeled after Mango’s. It consists of two consecutive 24 hour phases: a sale period in which USDC may be deposited or withdrawn, and a grace period in which USDC may only be withdrawn. Afterwards, depositors can redeem an amount of SLND tokens proportional to their share of the pool.

IDO details

The IDO will be live at ido.solend.fi. A total of 5% of the SLND total supply is set aside for the IDO: 4% for the IDO itself and 1% to LP SLND-USDC after the IDO has ended. (A quarter of the IDO proceeds will also be used to LP.)

The timing of the IDO is as follows:

  • Nov 1 12:00pm UTC: Sale period (deposit and withdraw)
  • Nov 2 12:00pm UTC: Grace period (withdraw only)
  • Nov 3 12:00pm UTC: IDO ends
  • Nov 3 16:00pm UTC: Tokens become redeemable