What is LanceChain?
LanceChain is an Ethereum based platform for freelance work. Payments for a job offer are made in LANC token with 0% commission.
Who will benefit from LanceChain?
Freelancers, project owners, the LANC token holders and blockchain professionals from all across the world.
Do I have to pay to register or use LanceChain?
The usage of the platform will be provided free of charge with option to top-up premium features.
If you participate in the ICO and buy LANC tokens above certain threshold you will be eligible for free premium features and subscription packages and participation in various activities allowing you to generate additional income.
How will transactions be processed on LanceChain?
All transactions between freelancers and business owners will be executed in the form of LANC tokens transactions. Bitcoins, Ethereum and fiat currency will be accepted as payment methods and will be automatically converted to LANC by the LanceChain platform. This will generate additional liquidity and demand for the LANC token. The gas costs for transactions will be split equally to the parties.
How will freelancers and business owners be protected of price volatility?
To secure the value we will aim to provide an optional, added value service on LanceChain, which will allow fixing the price of LANC for transaction(s). Advanced algorithm will place an opposite exchange order at the time of the transaction which will hedge against change in crypto asset value. Any loss that may occur from change in the LANC value will be compensated by the gains from the opposite position. As soon as the LANC is withdrawn, both positions will be closed and the hedge cost will be the spread between the parties. This will provide additional liquidity on the LANC aftermarket.
Is the LANC token a security?
The LANC token is not security in any way or form and shall not be considered as such. It is digital/software utility product which which does not provide any ownership rights. It represent a way of operating and processing payments on the LanceChain platform.
When will the LANC token be integrated with exchanges?
Key milestone on our roadmap is to integrate with at least two exchanges by June 2018.
Can I re-sell LANC tokens?
The primary usage of the LANC tokens is intended to be payments on the LanceChain platform, however the token has no expiration and it's up to you if you want to sell it to somebody else at your own risk.
What is the hard cap of the LanceChain project?
The hard cap is 31,000 ETH. It`s hardcoded in our smart contract and any contribution above the hard cap will not be accepted and automatically returned.
When will the LanceChain platform be live?
Fully functional platform will be available in Q4 2018 and the mobile apps will follow in Q1 2019.