| Announcement | Public Token Sale | |
| KYC | Full KYC including the identity | |
| Pre-Token Sale Dates | September 1st 2018 | |
| Pre-Token Price LAC | $0.06 USD | Pre ICO Bonus Tiers: |
| Tier 1 | Above $10K: 60% | Soft CAP: US $400,000 USD |
| Tier 2 | Above $50K: 80% | Min Amount: $300 USD |
| Tier 3 | Above $100K: 100% | Max Amount: $150k |
| Public-Token Sale Dates | November 1st 2018 | |
| Public Token Price LAC | $0.10 USD | |
| Public ICO Bonus Tiers: | ||
| Round 1 | Bonus Tiers 1: 20% | Hard CAP: US $45 Million |
| Round 2 | Bonus Tiers 2: 15% | Min Amount: $40 USD |
| Round 3 | Max Amount: 0 USD | |
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.
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.
30% of the tokens acquired will be used to obtain the necessary business licenses needed by Laccoin to operate within the LAC region. With the help of our legal advisors and during the post public sale period, we will look for the best ways to obtain a banking license giving us the right to sign as the issuing party of the debit cards.
We are committed to ensuring that all LAC wallet holders will have the best security possible. With our lead developer Vinit at the helm, our priority is to roll out the necessary items detailed in this whitepaper smoothly. The safety and scalability of Laccoin are vital to our growth.
Anyone who helps Laccoin expand and grow as a community will be rewarded. The rewards program is aimed at ensuring that LAC token holders are paid for holding LAC tokens and being a part of our community.
Help in building the blockchain community and bringing the blockchain community to the forefront is a priority of the people within the LAC region, to whom the benefits of the blockchain rightfully belong. Strategic partnerships are critical in making sure the LAC tokens get to the people who need them the most.
Running a lean business is paramount to the ideals of Laccoin. By putting customer value first and focusing on processes to continuously increase it. Our goals are to provide perfect value to the unbanked and underbanked by having zero waste.