Local Token Exchange logo

Local Token Exchange (LTE)

Status
ICO

Local Token Exchange is a Peer-to-Peer (“P2P”) decentralised Exchange that allows buyers and sellers to trade directly in a wide variety of cryptocurrencies.

Local Token Exchange White Paper Whitepaper

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Interest lvl
NA
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User Rating
Medium
3/5 1 votes
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Ticker
LTE
Type
Security
Registration countrySpain

What is Local Token Exchange

Once users have signed in to Local Token Exchange, they will be able to search through a wide variety of cryptocurrency ads and offers and chose the most appealing offer. Local Token Exchange holds the cryptocurrency in escrow while direct payment is made between traders or fulfilled immediately through the order book.  The Local Token Exchange generates revenues and profits from escrow fees and all the currency trades on the platform, as well as ICO promotions. Every six months, 70% of the profit will be distributed to LTE token holders. When new ICO’s are listed on the Local Token Exchange platform, all Local Token Exchange LTE Token holders will receive a representative amount of that token in return for each LTE Token they hold.

Token Sale Dates

Presale Period

Start date: Jul 30, 2018
End date: Aug 30, 2018

ICO

Start date: Aug 31, 2018
End date: Dec 30, 2018

Token Allocation

Presale Token Supply 14,650,000
Total Token Supply 29,900,000

Funding Details

Soft Cap 1,200,000USD (fiat)
Hard Cap 23,000,000 USD(fiat)
Funds Raised (as of now) 557,052 USD

Token distribution


58% - Token Sale
16% - Dividend Reserve
12.5% - Team
2.5% - Advisors
1% - Airdrop
1% - Bounty

Funds allocation


40% - Development
30% - Operations
25% - Marketing
2.5% - Legal
2.5% - Contingency

Token Price and Payment Options

Token price USD 1 LTE = 0.3 USD
Accepted Currencies ETH

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