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LightCash

ICO

LightCash is a global blockchain integrated payment platform. Through building a decentralized cryptocurrency payment ecosystem (LightCash Wallet, LightCash Commercial Platform, LC-BaaS-LightCash Blockchain as a Service), LightCash provides a safe, convenient and cross-chained digital asset payment platform for users.

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Overview

Project industryFinance Services & Banking
Product typePlatform
WhitepaperLightCash White Paper Open

What is LightCash

LightCash is a cross-chain digital payment network. Essentially, LightCash is a public network capable of carrying any main chain, e.g. Bitcoin and Ethereum.  The product will integrate several solutions:  LightCash dApp wallet, LiteCash commercial platform, LightCash Blockchain as a Service. Merchants, e.g. retailers, will be able to use the LightCash Commercial Platform to access cryptocurrency payments. When transactions are initiated, users need to select 12 notaries in the network to provide a guarantee.

The team is issuing an LCD. As the team state, LCD can be distributed and used in the LightCash system.

Token info

Ticker: LCD
Type: Utility-token
Accepted currencies: ETH
Token distribution:
15% of LCD entered the market through global private equity.
5% of LCD will be distributed to cornerstone investors.
15% of LCD will be used as rewards to support hash power, data support, mining and other services.
30% of LCD will be locked in the LightCash Foundation. This part of the Token will be released according to rewards based on actual conditions to maintain the LightCash payment ecosystem.
20% of LCD will be used as ecological incentive. These Token will be distributed to any individual or organization who contributes to the ecosystem.
10% of LCD will be held by the team, in which can not be Immediate trading, in order to ensure that the interests of the founders are consistent with the long-term goals of the project.
5% of LCD will be distributed to advisors and any other individual or organization that LightCash may cooperate with in the future.

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