As we enter the era of cryptocurrencies, it should be made clear that these assets are going to transform the way money will exchange hands in the very near future. NovaLend is one such venture, that aims to slowly revolutionize the “banking domain” by making payments and monetary transfers cheaper, more affordable and also rewarding.
More About NovaLend
In addition to all of the aforementioned information, Novalend also operates as a “decentralized lending platform” that makes use of latest algorithmic protocols that have been devised by industry experts. Some of the core features of this platform include:
(i) Blockchain Based:
this service is based entirely within the blockchain and thus can be used by investors for a ‘seamless trading and investing experience.’ Owing to its decentralised nature, Novalend is able to eliminate any third party intrusion, thereby providing users with a complete transparency (regarding deals and transactions).
since this platform is built within the Ethereum blockchain, users can be sure that that there will be no issues of Ddos attacks and other security lapses.
NovaLend provides all of its users with an advanced digital wallet that can help foster the seamless exchange of crypto as well as fiat currencies, all across the globe.
What Investment Opportunities Am I Being Offered?
To start off with, all platform users have the ability to earn profits via the use of Novalend’ “internal and external exchanges”. These online trading platforms will be released as soon as the ICO has concluded.
Another way of making money through Novalend is by participating in one of the many lending schemes that are available to customers. Though these packages, users can earn a monthly interest rate of up to 52%. Some of the lending programs that can be availed of include:
- Lending Amount: $99-$1000; Daily Interest:0.07%; Monthly Interest: upto 52%; Capital Returned After: 199 days.
- Lending Amount: $1001-$5000; Daily Interest:0.12%; Monthly Interest: upto 52%; Capital Returned After: 179 days.
- Lending Amount: $5001-$10,000; Daily Interest:0.22%; Monthly Interest: upto 52%; Capital Returned After: 129 days.
- Lending Amount: $10,001-$25,000; Daily Interest:0.30%; Monthly Interest: upto 52%; Capital Returned After: 89 days.
(iii) Staking: another avenue that users can avail of to incur steady profits is that of Staking. In order to do this, users first need to buy native NLC coins and them keep them in their wallets. According to the company website, “tokens will distributed over five months with different monthly interest rates from 10 to 30%”.
Other Key Features of NovaLend
To help incentivize the entire ecosystem, the developers of this platform will share 90% of the “total platform trading fee” for a period of six months. However, to be eligible for this benefit, a user must own at least 15000 NLC tokens.
(ii) ERC20 Token:
The native NLC token that is used within the platform has been designed to comply with ERC20 token standards that are used within the ETH blockchain. At this point, it is also important to mention that NLC coins will be compatible with a wide array of third party wallets such as MyEtherWallet, Parity, Metamask etc.
(iii) Round the Clock Support:
There is a dedicated customer support team that users can avail of to clarify any issues or doubts regarding NovaLend.
(iv) NovaLend SuperNova points:
As mentioned earlier, this platform uses an incentive system that allows customers to gain “SuperNova points” which can then be used for lending/ staking purposes.
What is the NovaLend Smart Card?
The NovaLend Smart Card can be thought of as a digital debit card which can be used to perform “crypto based transactions” all across the globe in a completely seamless manner. Key features of this card include:
(i) Loyalty Cards:
Via the use of this card, customers can easily spend all of their collected “SuperNova points” in exchange for discounts at a wide array of major online shops.
(ii) Fiat Replacement:
This card has been designed to effectively weed out the need for physical currencies altogether.
All of the transactions that go through within the Novalend network are done so within a matter of seconds.
Since this technology is based within the blockchain, it allows for complete transactional transparency. In addition to this, the company has also employed the use of certain encryption protocols to safeguard user data.
NovaLend NLC ICO Token Details
This platform will make use of its own currency called Novalend (NLC). In all, there will be a total of 20,000,000 coins that will be created. Out of this number, only 15,000,000 will be made available for purchase. The price of the tokens will vary between: 0.25$ / 0,50$ / 0.75$ / 1.00$, depending upon the which round the purchase is made.
- Pre-Sale Supply: 5M NLC
- Round 1 Supply: 4M NLC
- Round 2 Supply: 3.5M NLC
- Round 3 Supply: 2.5M NLC
The Pre-Sale is scheduled to commence on the 21st of January, 2018, and go on till the 28th of January, 2018.
The Main ICO will start on the 30th of January, and finish on the 21st of February, 2018.
After the conclusion of both the sale periods, no new tokens will be created. Additionally, all of the tokens that remain unsold will be burnt.
- 50% of the currency pool will be made available during the primary ICO.
- 25% of the tokens will be sold during the Pre- ICO.
- 2.5% of all tokens have been set aside for the creation of a bounty.
- 2.5% of all coins will be reserved for use by company advisors and the core dev team.
- The remaining 20% will be used for the creation of a lending program that has been described in a previous section.
NovaLend NLC Allocation of Funds
- 40% of all collected revenue will go towards further marketing and advertising of Novalend.
- 30% has been set aside for platform development and support.
- 10% of all funds will be used to cover for legal and admin fees.
- 5% will be used for security purposes.
- The remaining 15% will be used for sales and partnerships.
For any further details regarding this platform, company representatives can be contacted via Facebook, Telegram or Twitter.