The human history of gold is said to go back as much as 8,000 years.
From then till now, gold has never lost its value,
and its scarcity and utility will ensure that the value will continued to grow.
This is the wish of all companies in the gold industry.
LODE will reduce the required distribution routes, making it possible to cut transportation costs.
By dealing with the refinery directly, we are able to greatly cut down the fees.
We will also make it possible to easily sell the precious metal in unneeded jewelry.
The architecture of the decentralized application made with a combination of three blockchains, eliminates fraud through its clarity in storage status and audit function.
The LODE project solves numerous issues by eliminating inefficiency, and builds a network for the easy, safe, and efficient trading of gold.
The LODE NETWORK is equipped with an external audit function, and directly connects the refinery, the sales outlet, and the users, made with blockchain technology that fits the needs for each.
n the center of it all is the LODE CORE, handling the intercommunication with the three blockchains and the external database.
The token sale will be separated into three stages.
By setting a minimum purchase amount for each stage, we are able to disperse the purchases according to the purchase volume, to protect large volume purchasers and prevent system interruptions due to heavy traffic.
The token sale consists of 88% of the total issued amount, and the remaining 12% will be distributed.
Also, if we do not reach the maximum limit of sales per each stage, the surplus tokens will be burned.
To protect large volume purchasers, the token sale will begin with purchasers of 50,000 LDG or more, with a 80% bonus.
Public Sales will be held twice after the Protection Sale.
In Stage 1, the minimum purchase amount is 1,000 LDG, with a bonus of 40%.In Stage 2, the minimum purchase amount is 10 LDG, with a 20% bonus.
|PROTECTION SALE||PUBLIC SALE Stage1||PUBLIC SALE Stage2|
|Minimum purchase amount||50,000 LDG||1,000 LDG||10 LDG|
|Sales volume||20,000,000 LDG||20,000,000 LDG||20,000,000 LDG|
|Sales period||Feb 15th to Mar 1st 2018||Mar 15th to Mar 29th 2018||May 15th to Jun 15th 2018|
|Soft cap||10,000,000 LDG|
|Hard cap||60,000,000 LDG|
|Sale price||1 LDG ＝ $1|
The funds will be used for the design and development of the system and appraisal tool, and marketing activities.
The funds will also be used for operation including employee salaries, management costs, and legal fees.