The total number of cryptocurrencies and digital assets is growing exponentially. However, massive volatility in prices over short periods of time alongside other factors prevents cryptocurrency holders from using it as a means of payment for real goods and services. There is an obvious lack of instruments and strategies to integrate crypto assets into traditional financial world.
LAPO Blockchain has created an intelligent ecosystem that operates with LAPO Coin (LAX), controlled by the stability fund and AI-technologies. LAPO Blockchain has experience in financial market as well as in fields of law and technology. In order to provide the necessary link between cryptocurrency and fiat money, LAPO ecosystem will take advantage of LAX.
Structure and elements of the system
The primary function of the system is to enable fast and secure transactions, encompassing all financial tools for businesses. With the establishment of seven components a safe and stable ecosystem should be brought into operation:
1. Two-tier blockchain model. PoW algorithms ensure the security of blockchain. For this purpose, the first tier is being implemented. The second tier serves the needs of the smart contracts and Custom tokens. It consists of masternodes that enable lightning-fast blockchain payments.
2. Block reward method will be implemented to recognize miners' investments, who will receive 60% of the total reward.
3. Tokenization. Users of the platform will be able to create their native tokens and attach them to blockchain transactions. To this end, a smart contract layer with the corresponding masternodes will be updated in time, and therefore, with the use of a unique Consensus type, third-party developers will be able to conduct their transactions.
4. Token machine generator is a tool for creating new tokens for ICOs or third-party applications.
5. Alias system will be used to eliminate typing errors. The composition of each LAPO address will contain a string of numbers and a name. In case that on of the part is incorrect, the transaction will be rejected.
6. Atomic cross-chain trading allows for cryptocurrency exchange without intermediaries. With the use of atomic swaps and integrated hash time-locked contracts parties to the contracts can make a trade.
7. Lyra2z mining algorithm to encourage participation on the platform. Mining process will be available with the use of affordable mining equipment.
LAPO ePlatform
LAPO ePlatform will help businesses to acquire payments and use plugins for the main software in different cryptocurrencies, as well as exchange digital assets into fiat money and other cryptocurrencies. The platform is accompanied by the following tools:
1. With the use of the LAPO classic wallet participants will be able to storage their LAX coins, trade and exchange coins, including Altcoins, as well as purchase discounted goods.
2. LAPO trading platform allows for trading of LAX to Custom tokens, Altcoins or fiat.
3. Merchant portal for mobile and desktop devices was particularly designed to support business transactions. One of the distinguishing features of the portal is LAPO direct marketing platform that enables businesses to promote their customized offers.
Token Sale Plan
Based on blockchain technology, LAPO ecosystem will link cryptomarket with the established financial market. The system allows businesses to execute transactions, safety trade in crypto or even switch to the traditional financial market if needed. The seamless integration of the platform alongside a wide range of technical instruments and a variety of services for businesses should lead to increased distribution of the native LAX tokens. The team plans to launch LAPO Bank with its key service, LAPO trading platform, by 2019 to contribute to further business development.
Website: https://lapo.io/
WhitePaper: https://lapo.io/files/lapo-whitepaper.pdf
Telegram: https://t.me/lapodiscussion
Facebook: https://www.facebook.com/lapoblockchain
Twitter: https://twitter.com/LapoBlockchain
Medium: https://medium.com/lapoblockchain
ANN: https://bitcointalk.org/index.php?topic=2981605
Author: https://bitcointalk.org/index.php?action=profile;u=980049
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