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Development Of Rad Tokens

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ICO
We are planning a token sale event (ICO) in the size up to $50m to facilitate the development of our p2p lending platform and a line of credit products.

What is RAD token?
RAD token is issued to fund the development of RAD Lending Platform and a family of credit products built on it.

RAD Lending platform is based on a concept of peer-to-peer (p2p) lending with credit products secured by borrower’s crypto assets.
• A family of credit products will start with:
• RAD credit card with grace period and a credit limit secured by borrower’s crypto assets
• Personal loan secured by borrower’s crypto assets

After a successful launch of the platform:
• RAD platform will collect 1.5% origination fee from every credit product or loan …show more content…

The revenue will be distributed by smart contract to token holders monthly.

Token Structure

Out of 130,000,000 (one hundred thirty million) tokens created during the ICO, 45% will be available for purchase by the public, 30% will be created for the founding team, early investors, and technology platform, 5% will be attributed to the team of advisors.
20% of tokens will be saved in a capital reserve and attributed for possible future fundraising if necessary – this is aligned with the “playing safe” concept and will allow a company to keep expanding even in unfavorable conditions.

Token structure:
• 45% - public
• 30% for the founding team, early investors, and technology platform locked for 3 months
• 20% reserve tokens for future funding rounds (these tokens may never be sold if the second rounds will not be needed)*.
• 5% for advisors, locked for 3 months

Use of funds

Milestone goals
Development of our lending platform and credit products together with our regulatory compliance, business development, and marketing efforts are combined into tiers, with each tier representing the scope of work and the amount of funding needed.

1. 5,000 ETH Minimum investment goal
1-year runway
• Launching RAD Credit card MVP
• Launching RAD wallet app MVP
• Launching p2p RAD lending platform MVP

2. With additional 20,000 ETH raised
2 years runway
• Expanding functionality

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