INTRODUCTION TO THE SYSTEM.
There is an obstruction of the integration of the banking industry and the innovation in the digital era and this is as a result of the monetary malpractice by the centralized financial system.
This has made it possible for only very few people to gain access to the available wealth management provided by specialized companies.
Cash on its own, constantly remains the predominant form of money and this is even more common in developing countries.
There is an increased level in popularity when it comes to the area of gaining access of electronic and digital money.
As the level of technology greatly increases gradually, there is a probability that new money will begin to get demanded, the tendency that the centralized monetary system will begin to accept the new form of money in the nearest future is high.
This days, there are lots of people who share similar thought and ideas about the decentralization system.
There are individuals and companies that embrace and adopt the available focused approach present within the community. This investment service will provide adequate delivery according to the requirement of the community. The individuals and companies who do this are to be called the leaders of tomorrow.
PROBLEMS WITH THE CURRENT SYSTEM.
• A lot of people have lost their control over their own heritage and this is limited by the availability of the Central Banks.
• It has been observed that there is a poor and low standard of living of the population, which makes them excluded as a result of the cost that is higher than the income that other people can generate.
• There is an unbanked part of the world’s population, and it is the third part.
• The unbaked individuals can only make use of cash, and this even provides a limitation for the unbaked individual in so many ways.
• The available high cost as made it impossible for Central Banks to end with the previous problems.
THE TRADITIONAL BANKING SYSTEM.
Despite the constant issues associated with the use of traditional banks, we do not have any other reason but to stick with the system since there is no alternative to the use of the system.
The recent habit of users on the system is the reason behind the knock down on the available business models.
THE AVAILABLE SOLUTIONS.
• An entity specialized in electronic deposits will be provided which will be able to put an end to a lot of available problems.
• The creation of a new market niche in the financial business, this way opportunities will be provided to the stagnant micro economy.
• The base has an electronic banking platform which is the Blockchain, this will make it possible to include this part which is difficult for the central banks to adapt as a result of the cost of high management.
• The new technology of smart contracts has made it possible for Lux Ant Digital to replace the traditional contracts.
• The solution is concluded to be the creation of the ERC-20 network, which will get disposed of a great digital programming system known as Smart Contract.
THE TECHNICAL REQUIREMENTS OF THE APPLICATION.
• It is a mobile application.
• Availability of a software for authentication.
• The procedure for identification and authentication that will provide zero costs for final users.
• There will be a transaction that will provide zero costs for the sender.
THE PRODUCTS AND SERVICES OFFERED BY LUX ANT DIGITAL.
• The provision of an electronic platform with its own official bank account.
• The provision of an application to help manage funds.
• A payment card that is completely secure.
• The availability of a service that sends money with a minimal cost of commission and maximum speed that completely lack intermediaries.
• The availability of physical ATMs all through the wold.
• The availability of business network.
• A secured micro-loans.
THE GOAL OF LUX ANT DIGITAL.
The aim of lux ant digital for developing countries include:
• The ability to reduce poverty level.
• To provide the possibility of providing work at a distance and economic growth.
• The availability of electronic finance will make available the creation of new products and business.
• To reduce the inequality of classes.
• To establish the genre of equality by promoting the financial electronic activity to women by increasing the available control on their fund and business.
THE BUSINESS MODEL FOR LUX ANT DIGITAL.
There are two strategies that Lux Ant Digital, hopes to use for the generation of income in order to provide a reliable service and they include: the active and passive strategies.
CURRENT ACHIEVEMENTS OF LUX ANT DIGITAL.
• They have been able to create constitutions of the company.
• They have been able to collaborate with external managers.
• They have been able to corporate web with access to clients or even users.
• There is a creation of development and activation of tokens.
• There is a module of purchase for tokens that are present inside the web.
• There is an activation of sale of tokens.
• There is a management service of dealing with assets that are digital.
• There is a custody service of digital assets.
• There is a consultancy service and advice of digital assets.
• There is an ATM’s manufacture order presently under construction.
• The bounty program that has just begun.
ANALYSING GROWTH STRATEGY.
The first round of private pre- sale was between 11th of March till 16th of June, the money target is 100k.
The second round of the private pre- sale is between 20th of June till 31st of August, the money target is 1 Million.
The third round of public pre-sale will be between 11th of August till 31st of October, the money target is between 1Million to 2 Million.
The fourth round of token sale will begin on the 1st of November, the money target is 10 million.
ALLOCATION OF TOKENS.
50% is for public sale.
15% is for team.
5% is for advisors.
2% is for bounties.
10% is for POP.
18% is for reserve.
THE USE OF PROCEEDS.
40% is for the development of software.
20% is for marketing and I +D+i.
20% is for ETH reserve.
5% is for legal process expenses.
7% is for community development.
8% is for administration expenses.
SOURCE
Website
Whitepaper
Twitter
Facebook
Instagram
Telegram
Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4