LordToken, if this name first makes you think of a Harry Potter character or an English nobility title, is in fact a new French crypto exchange, supported by Binance Cloud and which intends to revolutionize the French and European market. After a first fundraising of 1.7 Million euros this year in private, LordToken is launching its ICO in October to allow you to invest in LTT Tokens and thus contribute to the development of the application. We will explain everything to you!
Concept Project – What is LordToken?
LordToken is a new French crypto exchange platform powered by Binance. The company will own all the liquidity and many other functions of the Binance exchange once it is operational. That allows the exchange of crypto assets and tokens with high-end customer service, premium companions and an exclusive investment service.
This project was born from the meeting between two successful entrepreneurs, François DENIS and Nicolas LEFORTIER with a common passion for the world of crypto assets and blockchain. Lord Token’s mission is to make investing accessible to everyone and to make tokens sovereign. These tokens are the result of a reflection on the future of the monetary system, a reflection therefore more global than simple investments, the two founders having the intimate conviction (and us too) that a new world is emerging. to open up before us.
What is the project trying to achieve?
Beyond the simple speculative aspect around crypto currencies. LordToken is the result of a broader and more ambitious reflection on the future of the monetary system. Ambition is to make investment accessible to all through tokenization which will disrupt many markets. LordToken’s mission is to make investment accessible to everyone and to make Token sovereign.
What is unique selling point?
- Crypto assets trading platform
The LordToken interface will involve the provision of a trading application for the exchange of crypto assets. This service will be provided in partnership with Binance Cloud. It will also include the deployment and upkeep of the LordToken Exchange Trading mobile application similar to that of Binance but with LordToken’s colours, editorial line, and premium customer service.
- Social trading
There are currently many players operating on the social trading market, however, each of these players has taken a different approach to the market, with timelines that are sometimes long. Therefore, Lord Services intended to provide its users with a “social trading” (or “copy trading”) service whereby its users will be able to allocate all or part of their digital assets portfolio to the real-time copying of the trades (i.e. buy and/or sell orders on digital assets) carried out by traders via the LordToken platform.
- Total tokens supply 2 000 000 000 LTT
- Token distribution Within 15 days from the end of the Token sale
- Tokens type BEP20
- Contract Address: Not yet announced
The allocation of LTT tokens shall be as follows:
Token Use case
- LTT within the Lord Token interface is similar to the role of BNB within the “Binance” marketplace, in that it makes it possible to take advantage of reduced costs on the trades performed via this interface.
- The LTT token will give access to exclusive services such as the Launchpad. It will be at the core of the Lord Token ecosystem.
- It will also enable those investors wishing to carry out automated trading of their assets, to save on social trading costs.
- The token will also be used to reward the most high-performing traders through the organisation of trading competitions.
- The LTT token will also simplify the traction of Lord Token customers via airdrops and will be used to feed a membership programme.
- Lastly, the LTT token will make it possible to implement staking and burn operations.
Schedule for using LTT tokens
The “LordToken” interface and the LTT tokens will be operational by 30 June 2022.
How to own the token?
Markets and Community
Characteristics of LTT tokens
- Name: LTT
- Decimals: 9
- Standard: BEP20
- Blockchain: Binance Smart Chain
- Date of delivery of LTT tokens: 15 January 2022 at the latest
- Maximum quantity: 2,000,000,000 LTT
- Monetary policy: The maximum quantity of LTT tokens is fixed and cannot be changed by Lord Services or by anyone else.
They have reached 46.2K Members
Conclusion and analysis
With a very interesting promise to ride in a dynamic market like crypto-assets, LordToken does not intend to stop there. The idea is really to become a premium exchange offering quality and tailor-made customer service in order to democratize cryptocurrencies and financial services while trying to move forward hand in hand with regulators.
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