Lancer ICO and Token Sale Review
Lancer Network is a decentralized platform for advertising and the promotion of crowdsale and blockchain platforms. By providing the industry with a mechanism to hire freelance workers to accomplish marketing, promotional goals and other tasks, they are satisfying a requirement of project, business owners and individual freelance workers.
About the Project
With the continuing rise of blockchain based projects, a vacuum has been created in the space with regard to the marketing and promotion of tasks related to the projects. Often projects will have the adequate technical expertise but lack knowledge in how to market and promote their project. This is where the lancer network comes into play.
The decentralized platform facilitates a direct connection between the project managers and willing freelance workers with varied expertise in the required areas.
The LNW token will act as the lifeblood of the platform, with freelance workers paid for their efforts and contributions using this token. They can then convert this to other cryptocurrencies or resell on exchange to realize the Fiat value of the token.
It provides a transparent and secure way to hire employees which is also low cost thanks to the removal of costly intermediaries. The imposition of smart contracts also helps ensure that the required tasks will be completed to a satisfactory degree for all parties.
The project Pre-ICO is set to begin on May 26th. This will continue through the month of July and investors will be entitled to a variable bonus depending on time and volume of their investment.
The project has a softcap of $800,000 and a hard cap of ten times that amount. The funds raised during the ICO period will be allocated as follows: 50% to sales and marketing, 30% to product development, 10% to operating and administration, 8% will be held as a reserve and 2% allocated to exchange listing costs.
There are no notable restrictions on who can or cannot invest in the project.
The token itself will be known as LNW and is an ERC20 compliant token and native to the Ethereum network. There will be a total token supply of 250,000,000 LNW tokens, of this number, 147,500,000 will be made available through the ICO with a further 15% of tokens being set aside for team members.
- Start Date2018-07-26
- End Date2018-09-26
- Payment MethodETH
- Total Supply250000000
- SectorBusiness Services