The IEO or Initial Exchange Offering of LKSCOIN (LKS), the ERC20 token dedicated to digital content creators on social networks, will be active directly on Eidoo’s hybrid exchange from today, March 31st until May 27th, 2020.
This is a limited period in which the LKS Foundation, an Italian non-profit organization, distributes and promotes the blockchain-based LKSCOIN project through the public sale of its LKS token.
During the IEO, 100,000,000 LKSCOIN will be made available to the public at a fixed price of 0.01 euro each for a total cap of 1,000,000 euro, which could be increased.
In addition, while slightly more than half (53%) of LKS have already been mined, the LKS distribution is thus achieved:
- 70% LKS Foundation
- 5% CamTV users
- 20% CamTV
- 5% Token Sale
LKSCOIN and the Token Economy: key points of the project
The main goal of LKSCOIN is to become a mean of payment for digital content and to protect copyrights by EMPOWERING user-authors, all of that by actively participating in the token economy, the new blockchain-based economy.
In fact, thanks to blockchain technology, more and more new forms of organization are being developed which allow an exchange of value by the use of distributed ledgers.
Among these, the LKSCOIN project starts its token economy through its blockchain-based LKS instrument in a market that already today is worth $153.2 billion and that foresees exponential growth in the digital content market.
The LKSCOIN (LKS) crypto has already been tested for a year thanks to the collaboration with Cam.TV, a social network with over 300,000 users, using LKS to exchange “Likes” as well as a mean of payment within the platform. On average, 30,000 LKSCOIN transactions are executed every day.
Moreover, LKSCOIN also allows the potential of the blockchain to be exploited for copyright protection of digital content, something that is being increasingly neglected by multiple sharing on social networks. In this respect, LKSCOIN will be tailored to the native concept of the Non-Fungible NFT or ERC721 tokens.
In addition, thanks to a proprietary chain and pegging system, LKSCOIN has a unique technical design that allows the transfer of LKSCOIN from the LKS chain (with X11 algorithm) to the Ethereum chain at any time, without changing the COIN supply.
LKSCHAIN is currently being powered by more than 800 active nodes that ensure its safety and decentralization.
It will be possible to benefit from a Bonus when purchasing LKSCOIN both through the Eidoo Crowd platform and through Cam.tv, with decreasing intensity over time.