En
  • En
  • Ru
  • Kr
  • Jp
  • Cn
  • Fr
  • It
  • De
  • Sp
  • Pt
  • Tr
  • Pl
  • Ar
  • Ph
  • Id
  • Hi
  • Nl
  • Vi
  • Cs
  • Gr
  • Ro
  • Hu
  • Dk
  • He
  • Hr
  • Sr
  • Lv
Sign in Sign up
#Blockchain All projects

Local Token Exchange: Cryptocurrecy exchange

Provides safe, uncomplicated & fast trading platform leveraging its own P2P marketplace and escrow system

stage Ended crowdsale

3.3 Rating

by 5 users


    KPLs

    • Employees16

    Team

    10
    man Conor O’Connor

    CEO

    Serial Entrepreneur who has successfully founded & exited several technology companies and a trained economist, Conor became interested in Cryptocurrencies in 2013.

    man Pablo Perez Wlasiuk

    Co-Founder & CMO

    Seasoned self-made young entrepreneur since the age of 17. Pablo created and launched several Apps & Websites including one of the largest ebook sites with
    15M visits/month. Blockchain Enthusiast since 2014

    man Joe Haslam

    Co-Founder

    Early adopter of cryptocurrency and evangelist. Joe is currently executive director of the Owners Scale-up programme at IE Business School in Madrid where
    he has been assisting blockchain where he earned his MBA.

    man Luis Perez

    CTO

    With almost 20 years experience on secured web technologies, Luis’ expertise is second to none. He has been involved in every aspect of IT as technical architect, including security applications for banks.

    man Michael Everington

    CFO

    Qualified Chartered Accountant and Finance Director with extensive international experience in banking and
    communication sectors. Michael specialises in high-energy business growth and profit maximisation.


    Advisors

    6
    man John Hollway

    John has a BA in Spanish & History from the University of Liverpool, he has years as regional sales management, dealing with business development, product management and sales in the Foreign Currency exchange arena.

    man Ian Cunningham

    Ian is Business Development & Management Leader, 20 years experience developing international Markets &
    directing multifunctional teams. A Project Manager for
    DAOACT a venture based on blockchain technology.

    man Pierre Proner

    Co Founder & CEO of Bright

    Serial Entrepreneur & investor with 18 years of experience founding and scaling technology & technology businesses. Founder of two successful startups operating in emerging markets.

    man Toby Lewis

    CEO of Novum Insights

    Toby is a highly energetic entrepreneur, prolific writer &
    analyst, straddling the worlds of technology startups, venture capital and data science. Lewis has written regularly for the Wall Street Journal.

    man Mark Turrell

    Founder of Orcasci

    Mark is a strategist, author, & entrepreneur. Combines
    collective intelligence with networks, behavioral science & neuroscience.. Professor at Hult International Business School.


    Press




    Crowdsale details

    Distribution of tokens
    • Crowdsale (58%)
    • Dividend reserve (25%)
    • Advisors (2.5%)
    • Team (12.5%)
    • Bounty (1%)
    • Airdrop (1%)
    Budget allocation
    • Development (40%)
    • Legal (3%)
    • Marketing (25%)
    • Operations (30%)
    • Contingency (2%)
    Details Indicators
    Token Symbol LTE
    Full Token Name LTE token
    Pre-crowdsale Start July 30th, 00:00 GMT+03:00
    Pre-crowdsale End August 30th, 00:00 GMT+03:00
    Crowdsale Start August 31st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or September 10th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 19490900 €
    Crowdsale Soft Cap Yes, 1000000 €
    Token type utility token
    Domain owner Individual

    Cost of the token

    2286 tokens for 1 eth

    Price without discounts

    Discounts and Bonuses

    Pre-crowdsale
    Discount Dates Minimum purchase amount
    30% July 30 — August 10, 2018
    25% August 11 — 20, 2018
    20% August 21 — 30, 2018
    Crowdsale
    Discount Dates Minimum purchase amount
    10% August 31 — September 05, 2018

    Accepted currency

    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    5
    Denys Serhiichuk July 28, 2018
    Rating of project
    2.7

    Advantages

    The main document - Whitepaper is detailed enough, containing comparative analysis of exchangers. Thus it contains graphs and tables. Availability of discounts is another advantage. People can get more tokens, if they invested earlier than others.

    Risks and disadvantages

    The project possesses itself as P2P exchange, however it has no MVP yet. Even no alpha or demo version. Moreover, nothing mentioned about partners on the website. Roadmap is divided into quarters. It would be better, if some dates were also mentioned.

    Comments

    Overall, I would not recommend the following ICO for investing. I have not seen any practical implementation of what team has done so far.

    William Anderson July 24, 2018
    Rating of project
    3.3

    Advantages

    70% of all profits from the exchange are divided amongst the investors which makes local token a project worth investing compared to its competitors. The token price for 1 eth is affordable and will also pool in a number of investors.

    Risks and disadvantages

    No current market is being served by the project and therefore there is no guarantee that the team will deliver as expected in terms of serving its estimated market size. This project has also spent quite some time in the pipeline, this shows the incompetence of the team members.

    Comments

    many investors are interested in the exchange and carrying out trades this will be a good venture to enable them effect their trading. in conclusion local token has a good business module that will be welcom to the market.

    Jordan Semanda July 24, 2018
    Rating of project
    3.3

    Advantages

    The current team handling this project can be trusted to deliver tasks on a timely basis because of the way in which the road map has a quick time frame of being carried out. The team associated and tasked with the press is also promising and shall deliver as expected of it in terms of the project brand.

    Risks and disadvantages

    At the pre ICO more investors will be interested because of the high bonuses given to early buyers on the other hand at the final stage the ICO lee shall come in and the hard cap might not be reached.

    Comments

    A token exchange platform will be very efficient especially in this growing market of various digital assets and currencies. Therefor one who is strategic about investing should consider this as a jackpot.

    Anne Bryn July 21, 2018
    Rating of project
    3.7

    Advantages

    The total supply of tokens is limited, so if demand for tokens increases, token's value will grow. Token holders will receive 70% of revenue (from escrow, transaction fees and ICO-promotions) every six months.

    Risks and disadvantages

    There is no demo version of the platform. The first version will be released in the end of the year, we have no information about the main features of that version and how it will be developed.

    Comments

    Probably the absence of a working product and even demo version is the main disadvantage. There is also good news. ICO projects will be welcomed on the platform, over 300 cryptocurrency pairs will be traded, a useful service for many people will be created.

    Sofia Medda July 21, 2018
    Rating of project
    3.3

    Advantages

    Bonuses up to 30 % will be offered during Pre-ICO, which will help to attract more funds and to achieve Soft Cap. When any new ICO is listed on the platform, all LTE token holders get a certain mount of that token.

    Risks and disadvantages

    The roadmap doesn't contain any information about project's promoting, while marketing budget is 25%.

    Comments

    The team has strong technical specialists, professionals in blockchain, finance and other spheres. I think they will deliver everything they promise. I also hope that the marketing team will do their best.


    FAQ

    Overview

    What is a token?

    A token is a type of digital asset issued on the Blockchain and generally used as a unit-of-value. In recent years most tokens have been built on the Ethereum standard ERC-20
    Crypto Tokens are commonly used to raise funds by venture project teams to launch services or as a means to deliver a service to customers. The Local Token Exchange (LTE) token will, among other things, be used as a means to distribute profits and airdrops from the platform to its user base.

    What is a cryptocurrency?

    A cryptocurrency is a type of non-physical digital currency that uses cryptography to regulate its creation and distribution securely. Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP) coins are examples of cryptocurrencies.

    What are ICOs & Pre-ICOs?

    ICO stands for Initial Coin Offering and is a mechanism for a project to issue a token in order to fund a new venture and services. ICO’s are in some respects a digital version of an IPO in the traditional stock market, but more accessible for smaller investors.
    The Local Token Exchange presale period is being utilized to develop an initial following to use as a feedback and a testing ground for community development and marketing during the following ICO period. Pre-ICO refers to a sale of token units to investors in advance of the main ICO. This is used to raise early-stage funding for a venture and usually involves a minimum investment level.
    Any units sold during the pre-ICO will be subtracted from units available for the ICO in order to ensure that the equity and the profits of investors are not reduced. Early stage investors will be added to a private mailing list (with their consent) and contacted directly (with their consent) for feedback on the Local Token Exchange platform development prior to the main ICO.

    What is a smart contract?

    A smart contract is a protocol function or algorithm that is automatically executed by a computer system to digitally facilitate, verify, or enforce the negotiation or performance of a contract in a traceable, transparent and irreversible manner.
    The most popular contracts are built on the Ethereum standard, ERC-20 Token, mostly for its mass usage and security level.

    About local token exchange?

    What makes Local Token Exchange a better platform than existing platforms?

    Local Token Exchange supports a range of cryptocurrencies and standard digital payment methods out of any exchange in existence and will cover the most extensive list of cryptocurrencies and payment methods currently available.
    We offer a special support for Initial Coin Offering (ICO) campaigns and new token projects. This allows them to easily launch on our platform with options of attractive campaign offers for the users on the exchange as special pre-ICO and presale deals to raise additional funding.

    How can I benefit from Local Token Exchange?

    If you are an investor Local Token Exchange you to hold a single asset at the same time receiving a portfolio of different forms of cryptocurrency as a regular income. You can trade Ethereum (ETC), Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), or any other cryptocurrency that you have directly without having to pay for intermediary processes and associated fees.

    If you are an investor Local Token Exchange you to hold a single asset at the same time receiving a portfolio of different forms of cryptocurrency as a regular income. You can trade Ethereum (ETC), Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), or any other

    If you are an investor Local Token Exchange you to hold a single asset at the same time receiving a portfolio of different forms of cryptocurrency as a regular income. You can trade Ethereum (ETC), Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), or any other cryptocurrency that you have directly without having to pay for intermediary processes and associated fees.

    Currencies and Cryptocurrencies on Local Token Exchange Platform

    Which Cryptocurrencies will be supported by Local Token Exchange?

    Local Token Exchange will open with direct support for a minimum of 5 of the most popular cryptocurrency wallets and a trading capability of over 300 cryptocurrency pairs.
    These will include:
    Bitcoin (BTC)
    Bitcoin Cash (BCH)
    Ethereum (ETH)
    Litecoin (LTC)
    Ripple (XRP)
    Additional cryptocurrencies will be added. Local Token Exchange will also support multiple payment methods, which shall be available in Q3 2018.

    What payment methods can I use with Local Token Exchange?

    Local Token Exchange will support multiple payment methods.

    About LTE tokens

    What will the funds raised from LTE tokens be used for?

    Key areas that funding will support are marketing and operations. It is imperative that This will involve attending events, the creation of promotional content, partnerships and engagement with the wider crypto community. LTE will be investing heavily into these areas to ensure real market penetration and traction are achieved and to support additional coins beyond the top 20 cryptocurrencies like Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), and Ethereum (ETH).

    What is the minimum & maximum amount of LTE I can purchase?

    The minimum investment level is 0.1 Ethereum (ETH) worth of LTE tokens. The maximum is limited by the remaining amount until the hard cap is reached. The hard cap will be stated on the website during the sale period.

    What bonuses are available during the Token Sale?

    Local Token Exchange is a community-focused exchange and bonuses are given to all new investors up to the date of the final phase of the ICO.

    How many LTE tokens will be issued in total?

    The maximum total supply of LTE tokens is hard capped at 77,963,600 LTE. No more can ever be created and unsold LTE tokens will be burned after the ICO ends in order to increase the value of the remaining LTE tokens.

    Will LTE tokens be available on Public Exchanges after the ICO?

    LTE will be listed and traded on the LTE Exchange immediately following the close of the ICO.

    Who is not able to purchase LTE tokens?

    You cannot purchase LTE tokens or participate in the Local Token Exchange (LTE) if it is illegal in your country of residence and/or citizenship. It is advisable to refer to your country’s legal standing on crypto trading and the SAFT before participating.

    How can I purchase LTE tokens?

    LTE tokens can be purchased with ETH (Ethereum), Bitcoin and Fiat through our ICO Portal ico.localtoken.exchange

    Safety with Local Token Exchange

    Who can access my personal data on Local Token Exchange?

    Screened employees vetted by our management team will only have certain access to required information when regulating a trade. In addition, no emails will be sent by Local Token Exchange without client consent and will not provide customer data to third parties under any circumstances. Messaging and banking information have an encryption process and after a transaction is completed we have no access to any communication between traders.

    How will I be safe with Local Token Exchange?

    To protect customer accounts from being stolen by third parties Local Token Exchange implements several forms of two-factor authentication (2FA). Cold wallet storage protocol is used with all outgoing transactions which utilizes a smart contract on the place and limits the size of transactions.

    Is Local Token Exchange regulated?

    Our team of legal advisors will ensure that we stay compliant with all relevant regulations. We do not accept fiat currency transfers directly or have any possession of the fiat currency portion of any transaction therefore we are not considered to be a financial intermediary under current regulations.

    How can I report an issue on the Local Token Exchange platform?

    At any time an issue is found on the platform you can send us an email with the details and our team will deal with the issue directly to ensure continued professional, smooth running of the platform.

    ICO Projects on Local Token Exchange

    What advantages does Local Token Exchange offer to ICO projects listing on the platform?

    All ICO projects listed on the Local Token Exchange platform will gain access to additional funding sources and feedback from a variety of market users. With the help of our active and diverse community your ICO projects will gain additional marketing traction and brand visibility.

    What are the costs of listing an ICO project on the Local Token Exchange?

    There are currently no fees for pre-ICO projects listing on the platform, but there will be a strict curation process.

    How can I can I get my project listed on the Local Token Exchange?

    Send us an email with your information and we will get in touch with you.


    or

    or