Overview

  • Country Netherlands
  • CategoryLegal/ Blockchain for Decentralized Workflows

Enterprise toolkit for functional anchoring & inter-organizational business processes utilizing private and public blockchains.

Detailed description

LegalThings One allows enterprises and governments to orchestrate interorganizational workflows in a transparent way. Decentralization allows you to streamline your business processes while mitigating fraud.

It enables people to participate in the legal system without the need to rely on lawyers or blindly trusting organizations and governments. Live Contracts allow automation of agreements and laws without giving full control to the machines. By storing events and information in a verifiable and immutable way, we mitigate fraud while reducing bureaucracy.

Problem

The current existing LPoS (Leased Proof of Stake) consensus algorithm provides fixed returns for stakers based on the transaction fees, which is not actively incentivizing actors to use the network and to stake accordingly.

Solution

Therefore, LegalThinds One introduces tokenomics with an incentive structure, which:

  • Incentivizes staking by active users as they have a shared accountability in the stability of the network,
  • while maintaining a safe and secure network, disincentivizing fraudulent actor as. 

Features

User Interface
LegalThings One makes it easy to connect your own application to the blockchain, as each node expose a JSON REST API. Event Service
At the hearth of the application layer is the event service. It handles all incomming events, delegating further processing to the application services. 

Application Services
The application layer contains a number of services like the workflow manager designed to perform a specific task. Custom services may be added. 

Message Queue for Private Blockchain
Decoupling ensures a stable system even in case of bad connectivity or a high load. The message queue is the communication layer for the private chain. Two simple services manage all inbound and outbound events. 

Anchor on Public Blockchain
Global public blockchain is optimized for storing hashes. Each node indexes all hashes, so they can be easily verified.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : LTO
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Waves ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 LTO
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist N/A
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :NA
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Soon
    Start Soon
    0.5 USD No - Uncapped 60,000,000 LTO
    Private Pre-sale — Soon
    Start Soon
    0.25 USD No - Uncapped 10,000,000 LTO
    Seed Round — Ended
    01 Aug 00:00 UTC
    15 Dec 00:00 UTC
    NA No - Uncapped 1,400,000 USD
    • Team

      • Rick Schmitz photo
        Rick Schmitz
        Founder & CEO
      • Arnold Daniels photo
        Arnold Daniels
        Founder & Lead Architect
      • Martijn Migchelsen photo
        Martijn Migchelsen
        Founder & Head of Finance
      • Sven Stam photo
        Sven Stam
        CTO
      • Martijn Broersma photo
        Martijn Broersma
        COO
      • Diederick Cardon photo
        Diederick Cardon
        Head of Legal
      • Yevhen Horbachov photo
        Yevhen Horbachov
        Frontend Developer
      • Rick Ros photo
        Rick Ros
        Head of Sales
      • Moesjarraf Jahangier photo
        Moesjarraf Jahangier
        Full-stack Developer
      • Sabine van Bilderbeek photo
        Sabine van Bilderbeek
        Manager Operations
      • Mitchel Kerckhaert photo
        Mitchel Kerckhaert
        Developer
      • Jurre Wolsink photo
        Jurre Wolsink
        Developer
      • Sarfaraaz Jahangier photo
        Sarfaraaz Jahangier
        Developer
      • Michael Nieveld photo
        Michael Nieveld
        Legal & Tax
      • Guy Hoeks photo
        Guy Hoeks
        Public Relations
      • Maurits Wismeijer photo
        Maurits Wismeijer
        Legal (Thesis)
      • Benjamin Roeloffs Valk photo
        Benjamin Roeloffs Valk
        Designer & Marketeer
    • Advisors

    Roadmap

    No information

    Activity