2local is a project that provides users with a stable cryptoeconomic system in which each user will get access to goods and services of local manufacturers at affordable prices and will receive a cashback from each transaction. The payment system will be developed using Blockchain technology, which will ensure safe and fast transfers. The project team plans to collaborate with local manufacturers through partnerships.
Business Model Overview 2local (L2L)
1. The validity of income
The project will receive income from commission fees for transactions using the platform, as well as a fee for connecting to it. Users will be able to connect to the platform using SMS payment in the amount of $ 2,5. Commission for user transfers will be stored in the deposit. It will be paid once a month to people who purchased from a connected company supported by 2local as a cashback. The cashback system provides more customers and their loyalty at no additional cost. Thus, companies connected to the 2local network will receive free advertising and access to more potential customers.
2. Number of currencies accepted
The number of accepted currencies is represented by 3 liquid currencies: BTC, ETH, XLM.
3. Token emission
The project has a limited number of tokens. During the ICO, 3 300 000 002 L2L of issued L2L tokens will be available.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 70%.
The technological map of the project indicates its objectives until the end of 2021 (p. 21 White Paper). Tokens will be distributed as follows: 45% - “Reserved for token sale”, 17% - “Reserve”, 12% - “Marketing”, 7% - “Project team”, 19% - “Project ecosystem”.
6. SOFT CAP / HARD CAP Ratio
Assessing the SOFT CAP / HARD CAP ratio is not possible because the project lacks the SOFT CAP and HARD CAP values.
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
There are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.