Ledn Inc. (together with its affiliates and subsidiaries, “Ledn”) is not regulated by any banking or securities regulator in any jurisdiction. Digital assets held in an account with Ledn are not protected by any depositor or investor protection insurance scheme. Digital assets do not have legal tender status in virtually any jurisdiction.
Buying, holding or selling digital assets involves risk. The value of digital assets may go up and down and it is possible that you may lose some or all of your investment. The past performance of a digital asset or any Ledn product or service is not indicative of future performance.
The information, opinions, views or materials posted on, or made available through, this website, any social media platform or podcast produced by Ledn (the “Materials”) are intended for general information, discussion and/or educational purposes only and are not to be construed or relied upon as constituting legal, financial, investment, accounting, tax, estate-planning, or other professional advice. Any reliance on the Materials provided is done at your own risk.
The Materials are not intended to be relied upon as a forecast or as research or investment advice and are not a recommendation, offer, solicitation or encouragement to buy or sell any digital assets, securities or to adopt any investment strategy in any jurisdiction. The Materials are not directed to, and are not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable laws, or prohibited by any reason whatsoever, or that would subject Ledn to any registration or licensing requirement. The Materials are expressly not for distribution or dissemination in, and no Ledn product or service is being marketed or offered to residents of, the European Union, the United Kingdom, the United States of America or any jurisdiction in Canada and such product or service may only be marketed or offered in such jurisdictions pursuant to applicable laws or reliance on regulatory exemptions.
The Materials may contain views or opinions expressed by an author that may have a material connection to Ledn. The views or opinions of such author are provided only as a general source of information.
The information, views and opinions in the Materials have been obtained from sources that we believe to be reliable as of the date of publication. However, we do not represent or warrant that such information is accurate or complete. The Materials are provided “as is” and Ledn expressly disclaims all liability and all warranties of accuracy, completeness, merchantability or fitness for a particular purpose with respect to the Materials.
The Materials may contain forward-looking statements. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements. Forward-looking statements are not guarantees of future performance and are by their nature based upon numerous assumptions. Therefore, you should not rely on any of these forward-looking statements when making investment decisions.
Unless required by applicable law, Ledn does not undertake, and specifically disclaims any intention or obligation, to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
Proof of Reserves
There are no formally accepted rules of procedures that define a proof of reserves attestation. At Ledn, we periodically engage an independent accounting firm to perform an attest engagement under standards set forth by the American Institute for Certified Public Accountants and to issue an Independent Accountant’s Report on Agreed-Upon Procedures. These reports include specific procedures performed by such firm as of a specified point in time as well as their findings.
Savings Account Interest Rates
Ledn’s Savings Account interest rates, which may be tiered, are shown on an annual percentage yield (APY) basis and are reviewed, and may be updated, monthly. Where applicable, interest is earned daily on any digital asset balance that is held in the Savings Account. Interest earned during the relevant month, or a portion thereof, is paid at the beginning of the following month. Interest is paid in the same digital asset held in the Savings Account. The APY represents the actual return that would be earned if the principal digital asset balance and the monthly interest payments were maintained in a Savings Account over a one-year period and such APY remained the same for the entire period.
Digital assets are not legal tender and are not backed by any government. The Ledn Savings Account is not a bank account, and is not subject to Canada Deposit Insurance Corporation (CDIC), Canadian Investor Protection Fund (CIPF), Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), or similar protections.
Annual Percentage Rates
The annual percentage rate (APR) refers to the finance charge that a borrower pays on a loan on a yearly basis. The APR is expressed as a percentage that represents the actual yearly cost of borrowing over the term of a loan. This cost of borrowing includes the interest expense on the loan and any additional cost involved in procuring the loan, such as an administration fee, if applicable. The APR does not take any compounding into consideration. The APR provides borrowers with a percentage number that they can use to compare loan products in the market.
Our APRs are subject to change and may vary based on the type of loan a borrower takes out, the principal amount requested, and the borrower’s jurisdiction of residence. For example, on a loan with a $2,000 principal amount, an annual interest rate of 10.9% and a $40 administration fee (which equals to 2% of the loan principal amount), the APR is 12.9%.
Testimonials and Endorsements
Testimonials and endorsements by clients or other parties with a material connection to Ledn may not be representative of the experience of other clients and are not guarantees of future performance or success.
Unless specifically stated otherwise, Ledn does not endorse, approve, recommend, or certify any third-party information, product, process, service, or organization presented or mentioned in any podcast controlled by Ledn, and no information from such podcast should be referenced in any way to imply such approval or endorsement. Any third-party materials or websites referenced in the podcast do not necessarily reflect the opinions, standards or policies of Ledn. Ledn assumes no responsibility or liability for the accuracy, completeness or compliance with applicable laws of any such third-party materials or websites referenced in the podcast.