What is 2local (L2L) | What is L2L token | 2local (L2L) ICO
2local is a loyalty platform powered by its own ultra-fast blockchain that supports local-2-local and sustainability, and is fully erc-721 compatible. It taps into banking with L2L native coins which are designed to rise in value as part of a cashback system. The goal is to achieve a sustainable world with prosperity for all. The 2local platform has a payment app with a decentralized multi-currency wallet and a marketplace where consumers can connect with local-2-local and sustainable companies. Using the L2L coins at these connected companies will result in a monthly cashback and a rise in the value of the L2L coins, cutting out high transfer costs and providing a free loyalty program.
The 2local platform has the following features:
🧡 Payment app with exchange options.
🧡 Debit card.
🧡 Decentralized multi-currency wallet, with the option to import own wallets.
🧡 Marketplace where consumers can connect with local-2-local and sustainable companies.
🧡 Cashback system which shares the profit of the rising exchange rate with its users.
🧡 Native L2L coin is designed to rise in value by a pre-determined coin flow making use of:
🔸small transfer fee;
🔸selling the L2L coin with discount;
🔸offering selling from the L2L coin to the exchange directly in app;
🔸buying from the exchange with a smart trading algorithm.
The profit of the rising exchange rate and transfer fee is shared with the 2local users by giving cashback for purchases at the connected companies. So everyone can profit from the blockchain by just spending the 2local coin without holding or staking them, our believe is this is the way it is meant to be.
2local New Blockchain
Now is the time to welcome a new blockchain project, 2local®, which is developing its own decentralized ultra-fast blockchain and offers an excellent vision to use the richness of the blockchain to achieve sustainability and prosperity for all.
Many investors are not aware that most cryptocurrencies are just smart contracts on Ethereum that are only used for Initial Exchange Offering (IEO) crowdfunding’s. The exchange rate of these cryptocurrencies is usually artificially increased high when they are listed and then they are sold in large quantities by team members and those who were paid with these cryptocurrencies during the development phase. As a result, the price will drop to almost zero: the so-called “Pump and Dump”.
To avoid this Pump and Dump, 2local® ensures that the L2L cryptocurrencies have sufficient volume in relation to the available coins. The IEO coins will be locked over time, but most importantly, the coins are also used as “money” to ensure sufficient volume. 2local® is also building a platform to make connections between sustainable or local-to-local operating companies and consumers. The native L2L coin has a predetermined coin flow by offering a discount when buying this coin with people’s own app, giving cashback on sustainable and local-2-local purchases and by 2local®’s trading activities in coins at the exchange.
The cash back system is funded by transfer fees and profits of the rising exchange rate. The collection of transfer fees is integrated in the blockchain. This makes 2local® the first platform with an integrated utility in its own blockchain, and not as a smart contract running on another blockchain. The profits of the rising exchange rate are obtained by selling, holding and buying the L2L coin from the exchange with a smart trading algorithm that ensures a steadily rising exchange rate. This way, people don’t have to hold the currency to take advantage of the rising exchange rate, but can simply spend it to connected companies.
ICO END
March 31, 2021
Information
TOKEN: L2L
PRICE: $0.001200
SOFT CAP: $150 000
HARD CAP: $1 000 000
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