Allocation Requirement & LanceChain Contribution Token
Entry Requirements Terms & Conditions Token LanceChain Token (LANC)
We at LanceChain want to start with the first by thanking the community, for supporting our public announcement and marketing campaign. We've been getting feedback from everyone to customize the best products for our community.
We have also spent substantial and substantial sums investigating and customizing the LanceChain crowdsale configuration to ensure the best long-term success of the project.
Some facts about the LANC utility token:
Summary of requirements:
Token Distribution:
- 50% LANC is issued to contributors in fundraising
- 20% is allocated to partnerships, community grants and public gifts
- 20% for LanceChain's long-term operational budget,
- 10% for its founders, team members, advisers and original contributors. The team's founders and contributors will undergo a two-year vesting schedule.
Price: 1400-2000 LANC per 1 ET (depending on the round)
Start of sale: Going on sale will be announced publicly on the LanceChain website and across all social channels.
Sales Announcement: The date of sale will be announced on February 23rd, at 12:00 GMT + 0 (London time).
Duration: 10 weeks, spread over three rounds
Kick-off day: Gives the same opportunity to all freelancers, project owners and investors to participate in a discounted rate. For more on how the kick-off days work, read below.
Initial participation bonus : up to 42% bonus when participating early.
Whitelist: To ensure your participation in tokenens, participants can register whitelisted at any time before the sale begins on LanceChain's website. The whitelist will be closed 2 hours before the sale begins.
Token Availability: LanceChain will receive Ethereum and Bitcoin contributions. LANC for ETH contribution will soon be distributed. Funds will be transferable, purchased and liquidated through smart contracts as soon as fund-raising is opened.
Vesting Schedule
Founders and employees of LanceChain will receive their tokens in a 2 year vesting schedule with a 6-month cliff.
Security audit
To ensure that the funds we receive will be secure, the LANC smart contract that we will release before the token will be based on a smart contract that has been audited and listed by OpenZeppelin. The contract is published in Eterscan with verified code and can be viewed on LanceChain's Github profile page. LanceChain will also attempt to affirm and validate its security by auditing its platform smart contract once the alpha platform version is released to the public.
Kick-Off Day
We have seen how various models of tokensale are played over time and the development of blockchain ecosystems. Often the big concern is that small contributors and platform users lag, where 'whales' invest in most fundraising. Because the LANC tokens are utility, LanceChain wants to give the same opportunity to invest during presale. To do so, there will be a limit per investor 10 ETH / investor at kick-off day. To stimulate further small contributions, during this day, the LANC token will be promoted with a bonus. The number of tokens distributed during the kick-off day will be counted as part of the presale token cap. After the kick-off day ends, the remaining presale cap will continue to be distributed under normal conditions.
Feedback and Inquiries
As always, we welcome the thoughts of the community and supporters through all our channels ( Telegram , Bitcointalk , Twitter , Facebook )
To freed freely, fairly and freely for all,
Tim LanceChain
About LanceChain Ltd.
LanceChain is a Bulgarian-based software company, composed of professional team of experts in software development and blocking, project management, technical architecture, fintech, sales and tech marketing specialist. Bulgaria, often referred to as the "European silicon valley" and has a lot of software talents and early adopters of blockchain give LanceChain access to the resources needed for a successful project. By contributing to the LanceChain project, users will generate a platform-token utility, which allows freelancers and business owners to work with a 0% commission. LanceChain will collaborate with different contractors and businesses to achieve goals and adoption and visibility worldwide.
About LanceChain platform
LanceChain is the first commission 0% freelancing platform, based on the blockchain ecosystem. LanceChain eliminates the need for middlemen and allows business owners and freelancers to work at no cost or commission by using the freemium business model. LanceChain embraces the future-agnostic blockchain world, allowing it to provide cost-less services and an unbiased, immutable system on blockchain. LanceChain challenges the traditional offshore sector by implementing unique features such as a fair and decentralized dispute system, talent screening and blockchain project support. For more information, please visit www.lancechain.com
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