LACCOIN ECOSYSTEM
LACCOIN ECOSYSTEM
hello crypto lovers and esteemed investors, here I will give some information about the cryptocurrency project being developed by LACCOIN. I took this news source from their website and whitepaper, the following is a summary:
What Is LACCoin ?
Laccoin is an Ethereum-backed cryptocurrency that uses a mobile wallet. Individual users will have the option of exchanging their cryptocurrencies and LAC tokens with one another through their mobile wallet or of spending their LAC tokens or other cryptocurrencies through their Laccoin prepaid debit card. The scope and range of Laccoin will make it the first cryptocurrency or token to bring Latin America and the Caribbean under a single monetary jurisdiction.
Laccoin wallet will be available for download via IOS or the Android marketplace. With the use of the LAC card, individuals and businesses will be able to operate in the new Latin American and Caribbean digital economy from their mobile device. However, the full benefits of Laccoin will only be apparent once a person can use the token in the same way that he uses other fiat currencies or fiat back debit cards for everyday payments.
Vision
We believe that, with the use of the Laccoin ecosystem, we can provide people within the LAC region with easy access to funds. Many of these people would normally be unreached within by the present system. Blockchain technology, which is it is cheaper, faster and safer, is an excellent way to reach out to and include everyone within the region to participate whether within the traditional economy or the new digital economy of the future.
Our vision is to create a viable ecosystem for monetary transactions which will be a viable alternative to the existing banking system.
Problems and Solutions
A. ֍ Problem(s): Costly remittance systems
֍֍ Solutions: Laccoin is an easy way to send international remittances to other Laccoin wallet holders.
B. ֍ Problem(s): Reaching the Underbanked
֍֍ Solutions: Access to current banking services and the new cryptocurrency card payments system through the use of mobile devices which will have result in a more significant penetration rate than banks.
C. ֍ Problem(s): International and domestic aid to LAC region
֍֍ Solutions: The speed of aid is essential in critical situations. With widespread mobilepenetration, aid can be received effi ciently.
D. ֍ Problem(s): Inability to invest or spend within the LAC region
֍֍ Solutions: To enable and empower citizens in the area to become a part of the new digital economy through the use of LAC tokens within the LAC region.
E. ֍ Problem(s): Inability to access loans through traditional financing mechanisms to start business projects or personal projects.
֍֍ Solutions: To enable and empower citizens in the region to access micro-fi nance \through nontraditional means by creating a credit score through their Laccoin wallet.
F. ֍ Problem(s): Unbanked and underbanked do not have access to complex financial vehicles to help build wealth.
֍֍ Solutions: An Union Wealth Fund will be open solely to LAC token holders. The Union Wealth Fund will hold highly liquid cryptocurrencies that are managed to ensure a robust portfolio that meets the needs of LAC ecosystem.
LACCOIN ECOSYSTEM
LACCOIN Wallet
The LAC Wallet is the answer to the lack of fund mobility and other fi nancial limitations described earlier. Through the use of the smartphone, users will be able to send money freely to other individuals and businesses across the LAC region. Given a choice of debit cards, users will have the facility to not only pay through their wallets or a QPR code, but also to purchase items at millions of points of acceptance online and at crypto-friendly stores. They will be able to use either LAC tokens with their wallets or other multi-currencies that the wallet will support.
Debit Cards
Each Laccoin wallet user has the option of applying for a Laccoin debit card that works in conjunction with the wallet. Since physical prepaid debit cards are more accessible to people in the LAC region as opposed to virtual debit cards, the emphasis will be on physical debit cards. Moreover, users will have the option to lock or unlock their debit cards, as an additional security measure not found in current debit cards.
֍ LAC WHITE CARD
The Laccoin White Card is a standard edition card for all the Laccoin wallet holders. Every users can gain qualify for the white card as long as they pass KYC protocols. Users have a daily spending limit of US $1,000 and withdrawal limit of US $500. Fees apply to the white card.
֍ LAC GOLD CARD
The Laccoin Gold Card is a limited edition card for holders who invest 500 ETH or more in the wallet. The card comes with a daily spending limit of US $33,000 and a withdrawal limit of US $5,000. There are multiple additional rewards for the Laccoin token holder. Fees that apply to the white card do not apply to the gold card.
LACCOIN TOKEN
Token Details:
- Description Detail: To provide banking inclusion for the banked, unbanked, and underbanked within the LAC region and members of the LAC region abroad.
- Ticker symbol: LAC
- Token Background: LAC token is built on the Ethereum Blockchain
- Token Sale Date: November 1 2018
- Percentage of Token Available: 55%
- Project Status: Beta test successfully completed
- Pre ICO Caps: 500 ETH | 600 ETH
- Public ICO Caps: Soft Cap: 10 Million USD | Hard Cap: 30 Million USD
- Accepted currencies fortokens: ETH
ICO Details
- ICO – PreRounds
Before we open the ICOs to the public, we want to give prospective investors the chance to meet and plan with key investors who intend to buy Laccoin. We want to allocate exclusive bonus pools of laccoins to these investors who see the vision and have been committed to Laccoin from the initial stage. Please refer to ICO Chart for details.
- ICO – Public - Stage 1
Laccoin will have an initial supply of 390,000,000 coins, 55% of which will be released to the public in three diff erent stages. The first phase will have 33% of the total allocated tokens for sale to the public. Diff erent bonus tiers will also be off ered.
- ICO – Public - Stage 2
The second stage of the ICO Public campaign will see an allotted 20% of coins being distributed to the public, of which 20% will be reserved for bonus allocation.
- ICO – Public - Stage 3
The third stage of the ICO Public campaign will see an allotted 10% of coins being distributed to the public, while none will be handed out for bonus distribution.
ICO Pre-Token and Public Token Sale
Token Distribution
For more information, please visit the following links:
- OPEN MARKET 55%: Our core mission is to help as many people as we can in the LAC region. This is the rationale for allocating more than 50% of the token to the public for purchase. The total number available in the three stages will be 390,000,000 tokens.
- OWNERS 17%: This is the number of tokens that will be provided to the founders and the original team members. A two and half year vesting smart contract has been drawn up to ensure that long-term goals are met.
- BUSINESS OPERATION 28%: This is the number of tokens needed to fund all the business operations. LAC token holders have the power to vote on the vesting periods, and expand or constrain the liquidity pool as required.
Roadmap
- Q4 2017: Formation ofCore Team
- Q4 2018: LAC Wallet Beta Stage Begins
- Q4 2018: Pre-ICO Sale Begins
- Q4 2018: Pre-ICO Sale Ends/LAC Wallet Andriod app Alpha Finished
- Q4 2018: Public Token Sale Begins / LAC Wallet Alpha Andriod app Alpha released
Phase 1
- Q4 2018: Public TokenSale Ends
- Q1 2019: LAC Tokens distributed
- Q2 2019: Banking License process started
- Q2 2019: LAC WalletPremium andregular cards start toroll out
- Q2 2019: LAC Wallet Apple Alpha develop-ment begins
Phase 2
- Q2 2019: Addition toCentralized andDecentralizedExchanges
- Q3 2019: License process fornon-LAC countries/ LAC Union Wealth Fund license complete
- Q3 2019: Beta stage of P2Plending / CreditRating System /LAC Wallet Applereleased
- Q4 2019: P2P alphamicroloan /LAC Union WealthLaunches
- Q4 2019: P2P alphalending rolls out
LACCOIN TEAM
ADVISORS
For more information, please visit the following links:
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