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What is LASH (SPLASH COIN)
SPLASHCOIN was created to solve the fund collaboration challenges among the small community lending entities in Indonesia. Those entities do not have an integrated fund ledger among themselves to give them ability to see which entities still has lending fund. In this case, the entities, which have more lending applications, but have a limited lending fund contact the other entities to borrow the lending funds. On the other hand, the entities, which have more parked lending funds than borrowers can improve their fund ROI performance. More importantly, to comply with the small community lending fund cycle legislation. The SPLASHCOIN is using the blockchain technology to maintain the ledger openness, security, trust and access among the members. Also, to execute the transaction efficiently. Moreover, LASH also the first technology to enable the lending entities network to utilize the parked lending funds to also be invested in crypto managed fund.
Token status and distribution:
Currently, the combined limit supply to pre-ICO, small lending entities, public with expression of interest and public without expression of interest is 40% (800,000,000) coins of the pre-mine coins (2,000,000,000). In addition, we allocated 10% (200,000,000) coins for our buffer. Lastly, we allocated the rest of the pre-mine coins as the reserve to cover the mined coin by the LASH miners. We are aiming to assist the small lending entities to grow strong together. Also, to become pro-active with small entities Venture Capitalist opportunities from the network.