Laccoin: A viable alternative to the existing banking system
The New Latin American and Caribbean Economy
Co-founder, Managing Director
Chad is an entrepreneur who formed Amarii Holdings Ltd, a private company that has holdings in retail, educational, and the restaurant chains. Chad was a portfolio manager for Graf Capital Management, a boutique Hedge Fund. Coupled with over six solid years’ of experience in finance he brings his insights on how to craft a trusted message with his communications degree that focused on public relations from the University of Windsor into the dynamic, continually evolving blockchain world.
Jonathan studied computer systems analysis in Iowa at Emmaus Bible College, and proceeded to work in Belize Telecommunications Limited, creating statistical and financial reports for the Financial Intelligence Unit. As a software and web development engineer, he went on to work for Healthcare Partners Limited.
Lead Mobile Developer
Jaspreet obtained his Master’s in Computer Application from Punjab Technical University. He has 7 years’ experience in Front-end & Backend mobile development from Master InTech Solutions. Jaspreet’s experience in object-oriented programming has resulted in his ability to scale apps using cutting edge tools and techniques.
Business Development Director
Over 10 years experience in the mass communication field, including film (Location management and scouting in Toronto film industry), television (Woodbine entertainment, with features on The Score and Sportsnet) photography (freelance) and radio broadcasting (CJAM 91.5) Former managing partner and communications director of Graf Capital Management incubator fund. Bachelors degree in Communication Studies from the University of Windsor.
20 years of experience in the financial sector with five years in the Wealth Managment financial sector. Damian has worked for Royal Bank of Canada as an Investment Representative Advisor in the RBC Direct investing Division; while also working for Royal Bank of Canada Insurance Division.
Public Sector Advisor
First Secretary with Consular Functions, Embassy of Nicaragua in the R.O.C. Taiwan. Humberto joined the MOFA in 2002, obtaining valuable knowledge from the Department of Asia and Africa. Having worked on various assignments ranging from Coordination of Summits, Presidential Inaugurations, and preparation of Ministerial Foreign visits.
Managing Director of C50, a product that simplifies diversified investment in the top 50 cryptocurrencies. 10 years in the education space. 6 years of management experience. Prior employment at Fortune 500 companies. Crossover backgrounds in business, education, and technology well-position him to contribute to the success of this project.
CMO at BlockChainPRBuzz consulted and held the position of Marketing Advisor in several of these projects. He fi rmly believes every customer should be provided with the autonomy of valuable choice and try to ensure value for all his clients. With the experience of working with many clients, he aspires to change the ideology that exists towards sales.
- Crowdsale (55%)
- Team (17%)
- Company (28%)
- LEGAL (30%)
- RESEARCH (30%)
- REWARDS PROGRAM (18%)
- MARKETING (12%)
- OPERATIONS/ LIQUIDITY (10%)
Cost of the token1 token for 0.1 $
Price without discounts
Rate the project
Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users5
Creation of a decentralized currency for a small community is a great idea that will help it build an independent and reliable economy. A 40% bonus of tokens being given to the early buyers at the pre ICO shall contribute to the quick accumulation of the hard cap. This project will be crowned with the creation of a p2p system that will enable the lending process.
Risks and disadvantages
One currency is not a satisfactory factor for the project to get a distributed value which puts the token a great chance to increase its value. The token distribution is not credible because it has left out major necessary factors.
This project has put into consideration the use of various bodies of the social media which will be a threshold for its awareness scheme to be a success.
The issuing of the laccoin wallets will be done immediately which will make i possible for those interested in private sells to commence. The provision created for this platform to be able to provide loans on a small scale without having to mortgage property will be a good way in boosting all the possible ventures and lifestyle of the people in the above mentioned region of caribbean and latin America where the project is meant to operate.
Risks and disadvantages
Laccoin will have a challenge in the long run because of the limit it has imposed on the acceptable cryptocurrencies being used in the crowd funding processes. The market is limited to a particular region meaning that in case of competition it stands a chance of getting a smaller share of the market bse which will make t less beneficial
Creation of an interactive atmosphere with the community at large is necessary because of the highly needed communication between the two parties as regard progress and other relevant communications.
Coin holders will be rewarded for being part of the community and holding LAC tokens. LAC coin holders will also have voting rights. Unsold tokens will be burned, so that nobody can use it to manipulate the market. If the project is successful, people of the LAC region will be able to have the benefits that blockchain can bring into their daily lives.
Risks and disadvantages
Nothing is mentioned about vesting smart contract for the company fund which is 28%. At least I would like to know what is the period of time this fund will be used within? Nothing is mentioned about exchange listings.
Team's coins are subject to a 2,5 year vesting smart contract. I'm agree with the team that this is a sound way of building commitment and loyalty. And in the eyes of investors it is one more thing that ensures that long-term goals will be met.
The reward program is designed to incentivize token holders and create brand awareness. A reliable marketing strategy is presented. The target audience is very big.
Risks and disadvantages
There is intense competition in this field. Many coins were already launched and there are successful projects. So until Laccoin becomes well-known it will be more naturally for people to buy most popular cryptocurrencies.
According to the Whitepaper only 51% of people in the LAC region have bank account. Whereas a lot of people have mobile phones (about 65%). And when it comes to sending money to another country cryptocurrency is much more convenient compared to traditional methods. So using cryptocurrency may become a good option for many people in the LAC region. And what is most important the project plans to educate people and to help them understand the advantages of using cryptocurrency.
Besides regular Whitepaper, there is also One Pager, where the main platform features are outlined.Thus, the document is translated into few languages. There are also bonuses for early investors.
Risks and disadvantages
Roadmap is described in quarters. It would be better if some dates were also mentioned. Despite the fact, that there are photos of the working application on the website, it is not ready yet. The same is applied to the debit card. Analyzing distribution of tokens, there are only few indicators, where funds will be spent for.
In conclusion, the project possesses itself as the platform for Latin American and Caribbean regions. However, there are no other benefits, comparing with other platforms. So, I would not suggest the following ICO for investing.
WHAT WILL BE THE TOKEN NAME FOR LACCOIN ?
The token name/ticker will be LAC
HOW MANY TOKENS ARE FOR SALE?
We are selling 390 Million LAC Tokens. All unsold tokens after the ICO phase will be burnt.
WHAT ARE THE ACCEPTABLE CURRENCIES FOR THE ICO?
ETH will be accepted.
GOVERNANCE AND KYC?
The LAC token sale follows a structured governance process and it must follow a KYC process.
Know your customer (KYC) is the process of identifying and verifying the identity of clients which will participate in the LAC token sale.
WHAT IS KYC?
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients.
KYC process is essential for LAC future growth and to be able to cater to the needs of the unbanked and underbanked.
Compliance with the regulations is essential to the growth and the reach that LAC tokens will have in the future.
WHAT ARE KYC TERMS ?
• Every participant has to submit KYC documents.
• The deadline to submit documents for the KYC process is during the pre-ico stage.
• LAC Tokens will be distributed only to the participants who will pass the KYC protocol.
WHAT IS THE KYC PROCESS?
Proof of Identity: We accept Passport, National ID, Driving License - Please ensure that the scan of the ID is high quality and includes both sides and that there are clearly visible edges of the documents.
We accept Electricity Bill(s), Bank Statements(s), Postpaid Mobile Bill(s), Certificate of Registrations from a govt department with your address. Documents must be less than 4 months old.