Token Launch / TGE
The LEGAL token lies at the heart of the SmartOne ecosystem. Its main role consists in the embodiment of a right: The right to membership of the ecosystem.
Alongside membership, the LEGAL token also serves as a license to use the SmartOne protocols. These enable token holders to access legal services, including the common regulatory requirements of Anti-Money Laundering (AML) and Know Your Customer (KYC) processes, through blockchain technology.
Only registered users will have membership status and thus benefit from these advantages.
|Token launch date
||15th November 2017
|End token launch date
||13th December 2017
|Name of token
||LEGAL (abbreviation: LGL)
|Token supply and cap
||13’000’000 LEGAL available for Public Token Launch
||Ethereum ERC 20 Standard
||Parity / MyEtherwallet / MetaMask
||SMS and KYC (on-chain)
||Access to phase 1 contribution period and bonus program
||10% bonus for SMS / 15% bonus for KYC verified accounts
||Additionally 1% of new LGL tokens will be generated per year
||1 LEGAL = 0.0033 ETH (will be refixed before phase 2)
||Bittrex or/and additional exchanges
||Grant Thornton Switzerland / Liechtenstein
Once the SmartOne TGE is complete, our focus will move to providing the tools needed to facilitate and implement successful third party TGEs.
Within the SmartOne marketplace, third parties will be able to select the experts they need to help them take their blockchain ideas through to TGE completion.
Initially, support will focus on the creation of white papers and the legal assessment of tokens in preparation for TGEs. From December onwards, we envisage that the expertise available on the SmartOne marketplace will also include tax, regulation, compliance and token security.
Following the successful implementation of the SmartOne marketplace, attention will turn to the expansion of the SmartOne protocol.