Lemond (LEMD) is a decentralized, open-source, autonomous non-custodial liquidity market protocol where users can participate as depositors or borrowers. What is Lemond (LEMD) | What is Lemond Money token | What is LEMD token
In this article, we'll discuss information about the Lemond Money project and LEMD token
Lemond is scheduled to initially run on OKExChain, supporting BTC, ETH, OKB, OKT, USDK, USDC, DAI, USDT firstly and will have a follow-up deployment to Ethereum and other important public chains.
Lemond is a decentralized, open-source, autonomous, non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
Each asset supported by the Lemond Protocol is integrated through a lToken contract, which is an EIP-20 compliant representation of balances supplied to the protocol. By minting lTokens, users (1) earn interest through the lToken’s exchange rate, which increases in value relative to the underlying asset, and (2) gain the ability to use lTokens as collateral.
lTokens are the primary means of interacting with the Lemond Protocol; when a user mints, redeems, borrows, repays a borrow, liquidates a borrow, or transfers lTokens, she will do so using the lToken contract.
Each market has its own lToken (lETH, lOKT…), which you’ll receive when you supply that asset to the protocol; lTokens represent your balance in Lemond. View them in your wallet, program them, or send them to cold storage — it’s all up to you!
Simply by holding lTokens, you’ll earn interest, which accumulates through the lToken’s exchange rate — over time, each lToken becomes convertible into an increasing amount of its corresponding token.
Token: LEMD Total Supply: 1,000,000,000 60% Loan Mining + Liquidity Mining 15% DAO Governance 10% Strategic Investment 5% Seed Round Investment 3% Team Incentive 2% Advisor 1% Public Circulation on Exchange 4% Eco-incentive + Initial Liquidity LEMD Token Contract: 0xE667d8bD182D165D2E71cF72315bD117f6940094
Lemond is a decentralized, open-source, autonomous non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
Each asset supported by the Lemond Protocol is integrated through a lToken contract, which is an EIP-20 compliant representation of balances supplied to the protocol. By minting lTokens, users (1) earn interest through the lToken's exchange rate, which increases in value relative to the underlying asset, and (2) gain the ability to use lTokens as collateral.
LEMD has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy LEMD token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since LEMD is an altcoin we need to transfer our coins to an exchange that LEMD can be traded. Below is a list of exchanges that offers to trade LEMD in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase LEMD from the exchange.
The top exchange for trading in LEMD token is currently Gate.io, BKEX, BigONE, and Hotbit
LEMD Token Contract: 0xE667d8bD182D165D2E71cF72315bD117f6940094
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once LEMD gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
Find more information LEMD
🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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