XendBit is a decentralized blockchain platform for remittances, payments, aid disbursement, store-of-value, and credit. XendBit will be a platform to enable new blockchain-based financial services, taking advantage of the new opportunities presented by the blockchain ecosystem such as smart contracts, ICOs, crypto-loans, venture financing, and tokenization which will power digital identities, certificate registration, and verification services.

The XEND token is an Ethereum-based (ERC-20) cryptocurrency. XendBit token holders will be entitled to periodic dividends based on dividend distribution at the end of each financial period which will be decided through an election. The dividend tokens will be transmitted automatically to their respective wallets.

Team:

• Bolaji Onibudo:Founder & CEO. 
• David Kaye:Chief Operations Officer. 
• Nkemdilim Begho:Marketing Consultant. 
• Ebenezer Akintayo: Software Architect. 

XEND token ICO began on January 3, 2019. The ICO token supply represents 30% of the total token supply, so there is a total of 60,000,000 XTN tokens available, for 0.2 USD each. The ICO funding target is 15,000,000 USD, the funding cap is 20,000,000 USD and is expected to end on February 15, 2019 or when the funding cap is reached.

Token Reserve Split (70%):

• 30% Founders and angel investors;
• 20% Private sale and presale;
• 10% Reserved for blockchain ventures;
• 6% Advisers and Partner;
• 4% Bounty.

XEND token ICO features a bounty campaign as well as a 10% bonus in the Pre-Sale.