Connect with us

Hi, what are you looking for?

DeFi

8lends Launches 8LNDS Token on Base Blockchain to Reward User Engagement

8lends introduces 8LNDS, a token tied to user activity on its decentralized lending platform.

8lends has unveiled its native token, 8LNDS, on the Base blockchain, creating a novel reward mechanism that directly connects token distribution to genuine user engagement rather than speculative trading.

This decentralized crowdlending platform has taken a unique approach by eschewing conventional marketing tactics. Instead, 8LNDS incentivizes users based on their active participation within the ecosystem through a transparent, on-chain model.

The details surrounding the 8LNDS token are as follows:

  • Token name: 8LNDS
  • Blockchain: Base
  • Initial supply: 100,000,000
  • Initial price: 0.001 USD
  • Liquidity: 100% paired with 100,000 USDC
  • Emission model: Controlled minting through an on-chain Reward System Contract

The 8LNDS token is distinct as it cannot be purchased but is earned through active platform participation. Once earned, users can trade the tokens immediately, although they will enter a vesting period. The minting process is designed to align closely with USDC-based rewards, minimizing reliance on fiat payouts. Prior to each minting event, the system will buy and burn an equivalent amount from the market, maintaining a fixed circulating supply of 100 million tokens.

Token Utilities and Reward Programs

8LNDS integrates seamlessly within the platform via a unified Reward Smart Contract, which facilitates various incentive mechanisms:

  • Investment bonus: Investors receive 6% of their invested amount in 8LNDS, distributed over a period of 10 months.
  • Retrodrop and airdrop campaigns: With a reward pool of approximately 5 million 8LNDS, the distribution will depend on the snapshot of user holdings taken at a specified time.

Launch Roadmap

The introduction of 8LNDS will occur in a phased approach:

  • Stage 1 – Launch and reward activation: The liquidity has been added, and the reward system is operational, distributing 8LNDS through investment, airdrop, and retrodrop programs. While there will be no public sale at launch, holders can trade it on decentralized exchanges.
  • Stage 2 – Ecosystem expansion: Following the initial rollout, 8lends will enhance the token”s ecosystem and access, focusing on broader market visibility and deeper integration within its financial framework.

This structured progression aims to foster sustainable token growth while rewarding community engagement over speculative trading.

Community Incentives

To incentivize early adopters, 8lends is initiating two community campaigns: a retrodrop and an airdrop. The retrodrop will be available to users who have invested at least $100, with a snapshot occurring in mid-November and automatic distribution of rewards shortly thereafter. The tokens will adhere to a 10-month vesting schedule, with 2.5% unlocked immediately and the remainder released weekly.

The airdrop will target active contributors to the Zealy and Galxe campaigns, with distribution details set to be announced soon. Notably, airdrop tokens will not be subject to vesting, ensuring swift reward issuance based on verified engagement.

“The launch of 8LNDS demonstrates our commitment to creating tangible benefits within the DeFi space,” stated Aleksandr Lang, CFO and Co-Founder of 8lends. “Our focus is on supporting real businesses and fostering community participation, shifting the narrative from speculation to meaningful contributions.”

To explore more about 8LNDS and its offerings, visit the official website.

8lends is a web3 lending platform that allows investors to earn passive income in USDC by financing real-world business loans with fixed interest rates reaching up to 25% annually. Established in 2025 as a spin-off of the Swiss P2P fintech Maclear, which has facilitated over €49 million in funding, 8lends merges institutional-grade risk assessment with compliant DeFi lending secured by actual business assets. This platform provides predictable returns while supporting real companies, making it a compelling option for those seeking high-yield, asset-backed investments in the crypto ecosystem.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Regulation

Finland will launch a new crypto tax reporting framework in 2026, aligning with OECD standards.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.