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Lokalize

ICO

The Lokalize platform is designed to make it easy for companies any size to run successful ICOs/TGEs and have their tokens listed on Lokalize exchange.

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Overview

Project industryBusiness Services & Consulting
Product typePlatform
FoundedMalta

What is Lokalize

Blockchain technology has taken the world by storm and is the foundation for all Cryptocurrencies, Crypto Tokens and Smart Contracts. It has enabled us for the first time, the ability to create, store and transfer value between parties, without the need to establish trust or use 3rd party intermediaries. In the case of Smart Contracts, we can now even create, distribute and run decentralized apps which run exactly as programmed, without any possibility of downtime, censorship, fraud or 3rd party interference. Beginning in 2009 with the introduction of Bitcoin, the world’s first Cryptocurrency, the Blockchain market has evolved through numerous stages and the general public’s perception has gone from extreme skepticism, to acceptance and near-hysteria as alternative coins, also known as altcoins began emerging at an exponential rate.

At present, there are approximately 1,600 different tokens including the original Bitcoin. The total market capitalization of all tokens combined is more than 250 billion USD, having peaked at more than 800 billion USD earlier this year. Although staggering, we believe this is just the tip of the iceberg and the potential size of this market is many times greater. Most of these new tokens came about by way of a Token Generation Event or TGE.

The benefits offered by creating new, purpose made tokens are huge and are being taken advantage of by many large, well-funded international organizations including national governments. The reasons for doing so include raising additional capital, providing loyalty rewards and making it easier and more efficient to transact with them. Yet, on a global basis, there are literally hundreds of millions of smaller companies which could also benefit from having their own tokens but cannot do so for a variety of reasons. These include lack of knowledge, expertise and/or capital requirements needed to get listed on one or more of the well-respected international exchange platforms. This is the market segment that Lokalize aims to target. Specifically, the Small to Medium Sized Enterprise or SME, which is a segment often overlooked when new technologies emerge. The Lokalize TGE Platform will provide a global solution to create tokens and run a successful TGE. It will be aimed at SMEs and business owners around the world yet operated on a country-by-country basis. It will enable traders from anywhere in the world to buy, sell or use those tokens.

Commencing with our test market in South, East and South Eastern Asia, we aim to quickly scale the platform out country-by-country. The result will be a TGE launch and token exchange platform accessible on a global scale but operated at a local level. The associated Cryptocurrency, Lokal (LOKAL), will be the token used internally to pay for TGE launching, token listing, trading and withdrawal fees, and will be purchasable using Fiat currency or several other, well established Cryptocurrencies such as Bitcoin or Ethereum. With the launch of the Lokalize.io TGE website and the publication of this document, we aim to commence the private sales stage of the Lokalize TGE in order to build and launch the platform.

Introduction to Token Generation Events

Token Generation Events, or TGEs can be a tremendous source of capital for startup companies wishing to avoid the costs of regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. Likewise, for established companies wishing to raise more capital, or offer a customer loyalty rewards program with greater efficiency and security than traditional means, a branded token could just well be the solution. Beginning with the first TGE in 2013 held by Mastercoin (now known as Omni), raising approximately 2.3 million USD at the time, the TGE concept really gained traction in 2017. By the end of that year, TGEs had raised 40 times the amount raised by TGEs only one-year prior, amounting to more than 6.3 billion USD. This is however, less than 4% of the capital raised by traditional, stock market based Initial Public Offerings.

By 2018, the TGE market had really heated up. Presently, there are more than 50 new TGEs a month and at least 30 sites tracking TGEs. Many more global entrepreneurs are poised to try and hit it big by creating a new token. Despite the enthusiasm however, there is an air of uncertainty as national regulators scramble to try and make sense of it all and global media kingpins including Facebook, Twitter and Google ban Cryptocurrency related advertising. The cat is out of the bag and there is little doubt in most peoples’ minds that Blockchain technology and the related Cryptocurrency and Crypto Token space is here to stay and will continue to grow. We firmly believe that the size of this market has the potential to grow many times larger than its current size. However, we also understand that the current model is not sustainable, and some changes need to be implemented in order for this growth to continue and the benefits of the technology to impact the masses.

Details

Pre-sales: Nov 05, 2018 - Dec 04, 2018
Public sales: Jan 06, 2019 - Feb 05, 2019
Pre-sale token supply: 210,000,000
Token supply: 210,000,000
Total tokens for sale: 700,000,000 LOKAL
Soft cap: 10,000,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: China, United States

Token info

Ticker: LOKAL
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 LOKAL = 0.1 USD
Token price in BTC: 1 LOKAL = 0.000014 BTC
Token price in ETH: 1 LOKAL = 0.00035 ETH
Accepted currencies: BTC, ETH
Bonus program:
Private TGE, Days 1 -90
$10,000 to $24,999 - 20%
$25,000 to $49,999 - 30%
$50,000 or more - 50%
Pre TGE, Days 91 – 120
$200 to $999 - 5%
$1,000 to $1,999 - 10%
$2,000 or more - 15%
Public TGE, Days 121 - 150 - No Bonus
Token distribution:
Private TGE Stage 28%
Pre TGE Stage 21%
Public TGE Stage 21%
Bounty and Marketing 5%
Management 10%
Company Reserve 15%
Funds allocation:
Management, Operations, Personnel and Systems Development 45%
Acquisition of Companies 20%
Marketing and Expansion 15%
Legal Advisory and Licensing 10%
Company Reserve 10%

Lokalize Roadmap

1
August 18, 2017 - December 31, 2017

Planning of LOKALIZE and BitcoinLokal Whitepaper.

2
January 8, 2018 - March 17, 2018

Look for Initial Seed Funding.

3
March 18, 2018 - June 17, 2018

TGE Website Development Web Browser for System Admin and Members Log in Dashboard.

4
May 18, 2018 - June 17, 2018

Testing Phase of TGE Website.

5
June 18, 2018 - August 17, 2018

Private Pre-TGE.

6
August 18, 2018 - September 17, 2018

Pre-TGE.

7
September 18, 2018 - November 17, 2018

Main TGE.

8
November 18, 2018 - July 15, 2019

Post TGE (Daily Release).

9
December 18, 2018 - February 17, 2019

TGE Audit.

10
February 19, 2019 - April 19, 2019

Target Token Issuance.

11
December 18, 2018 - April 17, 2019

Target Exchanger Listing.

12
December 18, 2018 - February 17, 2019

Target LOKALIZE Platform Soft Launch Opening.
Target Establishing Country Director of LOKALIZE.

13
January 19, 2018 - April 19, 2019

Target Development of Utility Token Creation, TGE Website Module.
Target Development of TGE Community, Advisors, Ranking, Reviews.

14
December 18, 2018 - May 17, 2019

Target Beta Live of LOKALIZE Trading Development.

Project team

David Lim
David Lim
Co-Founder
David Lim linkedin
Shaun Xenon Khan
Shaun Xenon Khan
Co-Founder
Shaun Xenon Khan linkedin
Isagani Dominguez
Isagani Dominguez
Co-Founder / CFO
Isagani Dominguez linkedin
Mark
Mark "karl" Landicho
Co-Founder
Mark
Guillermo Tabligan
Guillermo Tabligan
Co-Founder / CTO
Guillermo Tabligan linkedin
Salman Qadir
Salman Qadir
Chief Strategy Officer
Salman Qadir linkedin
Amarpreet Singh
Amarpreet Singh
Chief Partnership Officer
Amarpreet Singh linkedin
Nagi Reddy
Nagi Reddy
Chief Data Officer
Nagi Reddy linkedin
Geehoe Cheng
Geehoe Cheng
Director for Strategies
Geehoe Cheng linkedin
Samirrah Faye Martillan
Samirrah Faye Martillan
Product Owner
Rocky Celis
Rocky Celis
Core Developer, Backend Developer
Francis Durante
Francis Durante
Backend Developer
Ronald Gallamaso
Ronald Gallamaso
Smart Contract, Backend Developer
Elven Man-On
Elven Man-On
Backend Developer
Paul Errol Añago
Paul Errol Añago
Backend Developer
Joseph Simon Martin
Joseph Simon Martin
System Support
Mark Figues
Mark Figues
Designer, Frontend Developer
Rommel Cuneta
Rommel Cuneta
Designer, Frontend Developer
Jan Erika Gonzales
Jan Erika Gonzales
Crypto Marketer
Harold Mapanao
Harold Mapanao
Quality Assurance

Advisors

Monica Hart
Monica Hart
Advisor (Marketing)
Eugene Tay
Eugene Tay
Advisor
John Calub
John Calub
Advisor
Philip Bugeja
Philip Bugeja
Advisor (Financial Crime at AML Compliance)
Rehan Qureshi
Rehan Qureshi
Advisor
Elma Neimar-Saric
Elma Neimar-Saric
Advisor (Business)
Oliver Koncz
Oliver Koncz
CEO - HomeRun International Inc.
Charles Alston
Charles Alston
Director of Sales - Cybba, Inc.
Michael Mayes
Michael Mayes
Advisor
Alexander Graebe
Alexander Graebe
Advisor
Neeraj Sonaniya
Neeraj Sonaniya
Advisor (Quality Assurance)
Anthony Posadas
Anthony Posadas
CFO - MyPhone / Brown&Proud
Arnold Arbillera
Arnold Arbillera
CEO - PhilTech, Inc.
Joyce De Guia
Joyce De Guia
Advisor

Social media

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