ETHLend, a decentralized peer to peer smart contract platform for lending Ether (ETH) on the Ethereum blockchain by using tokens as collateral announced today that Associate professor of the University of St. Thomas School of Law, Wulf Kaal has joined its advisory board.
Professor Wulf Kaal has a strong academic background and institutional knowledge which will aid the ETHLend team to navigate through regulations and raise awareness of ETHLend.
Kaal has spent a year at Goldman Sachs Securities Division, where he worked within Foreign Exchange Trade Analysis.
He has also had a Corporate Associate position at Cravath, Swaine and Moore, the leading law firm in New York. He speaks regularly at leading conferences in the United States, Europe, and Asia.
His speaking engagements include presentations at the European Central Bank, Harvard University, Columbia University, George Washington University and many others.
Kaal further holds a Ph.D. in Law & Economics from the Humboldt University of Berlin and possesses an MBA in Finance and is a Juris Doctor.
His background covers both the view on Common Law and Civil Law jurisprudence, which is an enormous asset for a project such as decentralized lending, which is not restricted by jurisdiction.
Additionally, Kaal is a leading expert on smart contracts, ICOs, and dynamic regulatory methods. He has served in other roles in advising crypto start-ups focused on creating synergies for his clients and involved stakeholders (eg. institutions, regulators, investors and academics).
ETHLend is preparing for its LEND token sale with the pre-sale ICO starting on September 25th, 2017, at 12 GMT.
WHAT IS LEND?
LEND is an ERC-20 compatible token that will be sold to token sale contributors. ETHLend aims to attract future users of their decentralized lending application by selling LEND tokens that will provide a 25% discount on deployment fees on ETHLend when paid with LEND. ETHLend wants to deliver a strong token to the market by introducing buybacks for rewarding token holders. ETHLend plans to use part of the fees on ETHLend to buy back and burn LEND tokens.
Ownership of LEND does not entitle rights other than the right to use LEND on ETHLend and a 25% discount on deployment fees when paid with LEND. LEND does not entitle or represent any ownership right or stake, share, obligation, security or any equivalent rights, or any right to receive future revenue from the ETHLend company or foundation, shares, intellectual property rights or any other form of participation in or relating to the ETHLend applications, and/or ETHLend and its affiliates. LEND cannot be refunded and are not intended to be a digital currency, security, commodity, share, derivative, or any other form of financial instrument.
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