Today we are going to review a new company which has caught our attention in the blockchain market: Tend.
What Is Tend?
Tend is a Swiss company which has developed a brand new app for you to follow your dreams or at least that’s how the company describes its own product. The big idea behind Tend is that many people have money, but they don’t really have what to do with it, so they just put it in a bank and save it. Tend believes that this is a mistake.
The company thinks that you should invest this money instead but not exactly in the mainstream financial market. By using the app created by Tend, you will be able to use this money to invest in your dreams and still make this investment profitable.
Basically, the idea is that you use your cryptocurrency to buy tokenized luxury items and their value will grow in time. So you will be able to buy cars, watches and everything that you want and you would not only be spending, you would be, in fact, investing.
The creator of this company is Marco Abele, former director of Credit Suisse with more than 18 years of expertise.
How Tend Real Life Experiences & Investments Blockchain Works
Tend was created to provide the co-ownership of precious and special objects between the interested parties. The idea is that you will be able to invest in a tokenized asset, the special objective, and divide it with the other token owners of that same asset. This way, you will be able to acquire objects that you would not be able to normally and you would not be spending too much.
This also can lead you to meet interesting people that have the same tastes as you do. You will get memories and experiences that money cannot buy. You will be investing in this assets because they are already rare, so their value tends to only go up with time. Old cars, for example, can be an excellent investment because their value always gets higher if they are really rare.
Tend’s platform will let you do all that. The company will create a network of people and assets that can be exchanged, sold and bought in shares. It is a process of tokenization of these assets.
The platform will be launched in the market in the second half of 2019.
How To Invest In Tend TND ICO?
If you want to invest in Tend, you have to participate in its Initial Coin Offering (ICO) and buy TEND tokens. The pre-sale has already started and it will continue until February 3, when the main ICO will start. The main ICO will go from February 3 to 17.
There will be 13,000,000 TND tokens created for this sale. Unsold tokens will be destroyed and if the sale reaches a hard cap, it will also be finished. The tokens are ERC20 compatible, so you will need an Ethereum wallet to store them.
The price of a single TND token will be 8-10 CHF (Swiss Francs), depending on discounts or the same price in ETH, which can also be used to buy TND tokens.
There is a huge list of countries banned from participating in this ICO, so you should really go to the company’s site and read more about it. Large countries like the United States, China, Canada, Australia and most of Africa are excluded from the ICO, so watch out. Every investor will also be subject to a KYC evaluation before he can contribute.
The holders of the TND tokens may receive dividends per their quantity of tokens annually, but the tokens do not give their owners any voting rights in any action of the company whatsoever.
The Tend Verdict
Is this company a great choice for you? It depends a bit, so we will have to analyze Tend further before we can definitely decide. The company is interesting, but it is aimed at rich or at least wealthy middle-class people. Because of this, if you plan to use its services, you might have to think if these services actually fit in your budget before you invest in Tend.
The other point that you should note is that Tend is that the company will not work in many countries, so you have to know if your country will be supported by Tend before you can actually start investing in TND tokens. The company seems very profitable, so if you can actually invest, it might be a good idea to do so.
If you liked Tend and you can invest in the company, there is not much reason not to invest. Tend can definitely provide you a good return on investment, so there is no reason to think twice before you invest. If you are still in doubt, though, you still have time to think, just not much, because the ICO will be over soon.