Most of the world of cryptocurrency technology such as Bitcoin relies on database forms with the advantage of being able to track large and secure transaction volumes. The technology used by many digital currencies is Blockchain.
Blockchain was first implemented in 2009, and was revolutionized with Blockchain 2.0 in 2014. Blockchain technology consists of blocks that hold transactions, where each block is interconnected via cryptography, thus forming a network.
Along with the development of the digital universe, cryptocurreny in the future has become an increasingly attractive proposition in the market and may not have traditional banking infrastructure. Some developing countries in the world have even implemented national Blockchain-based national currencies, such as Bitcoin, and the technology is also used by several large charity projects to help those without bank accounts.
Blockchain also has the potential to be used outside the scope of digital currencies, and attracts the interest of many traditional financial institutions for adoption.
2Local is an innovative blockchain-based platform that fosters growth and prosperity for everyone in the world, functions as a market for consumers to connect with companies that produce local and first-class goods and services. By using their original stable L2L cryptocurrency, users can receive refunds for their local and ongoing purchases. By using modern cryptocurrency based on blockchain technology, this project seeks to make local and sustainable products accessible, so that everyone can prosper. The main way to increase access for all is by asking only 2.50 euros ($ 2.74) to participate in 2Local. This ensures more diverse participation, inviting various people to interact with each other and with their local communities.
Cryptographic currencies, called computerized sources, exchange long distance changes in the short, medium or cost of digital currencies such as Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), among others. Since the launch of bitcoin, there has been a flood of Blockchain Technology that can be accessed on the market today.
L2L-TOKEN BLOCKCHAIN
L2L-tokens start with Stellar-based. Research on cash-back raises requirements that are not supported by Stellar. There will be a switch to TRON that can handle all the functions needed.
PRICE L2L-TOKEN UP
L2L token prices will go up with each new user. There are two reasons for this: 1. Buying goods and services with L2L tokens will create intrinsic value from the increase in tokens. 2. Using tokens, more requests and more liquidity make tokens also increase in value exponentially.
INCOME
2local buys an L2L token from the official exchange one month before making it available on the application. This will generate income for operations and cash-back systems. The cashback graph shows income for operations.
TOKEN BACK ALGORITHM
Through the sale of L2L tokens, proceeds become available and stored in the Foundation deposit. 2local keeps reserves of L2L tokens and fiat money to keep the price of climbing L2L stable. The algorithm monitors the L2L price. Basically it will sell L2L when the price goes up too much and will buy L2L when the price goes down.
COST
L2L tokens are scheduled to air on December 2, 2021. Costs are deducted from each transfer, which is stored in a buffer. To be used as cashback.
REFUND
We want to use this coin to promote ongoing cooperation between producers and customers. We do this by offering a cashback system, where consumers are valued if they buy from locally affiliated and sustainable companies. We want to create a network between consumers and companies, which are committed to a sustainable local ideology.
APPLICATION FUNCTIONALITY
Transfer L2L tokens to each other to the local wallet
2Local Token
2Local is synonymous with sustainability and prosperity throughout the world, by making local and sustainable purchases accessible to all.
To do this, they use intelligent digital currency designs for consumers and connected companies, based on innovative blockchain technology.
The L2L token is an innovation for "algorithm-supported tokens," which are associated with the cashback system.
In this way, costs are deducted from each transfer, which together with profits in the system, are returned to the project participants, if they buy local and / or sustainable products from the connected company, that is, companies that can demonstrate that Producing locally and sustainably .
You can register for this on the 2local.io website. An important part of this platform is the market part with a search function. This brings consumers closer to businesses that sell sustainably and / or locally.
The L2L token is scheduled to be launched on December 2, 2021 and costs will be deducted from each transfer, which is stored in a buffer.
Transfer fees are saved in a deposit. People who have bought from a connected company supported by 2local are paid once a month as cash back. To reach the basic payment method, a limit is set on the number of L2L tokens the wallet will distribute.
Initial offer
L2L tokens will be sold in the initial offer. Everyone who buys an asset receives it in a digital wallet, on a smartphone, in their own account.
The local Android 2 application is available at the beginning of the initial offer, while the iOS application will be available shortly thereafter.
The QR code will allow the user to easily transfer the desired number of L2L tokens to another account. The offer begins on October 1, 2019, with presale and is followed by major sales in November.
Road Map
FOR MORE INFORMATION:
Website: https://2local.io/
Twitter: https://twitter.com/2local1
Facebook: https://www.facebook.com/2local-2297961593816000
Telegram: https://t.me/Group_2local
LinkedIn: https://www.linkedin.com/company/19002320/
Reddit: https://www.reddit.com/user/2local
Instagram: https://www.instagram.com/2local_1/
YouTube: https://www.youtube.com/channel/UCAtpMQjkt1d72X8Tv8D8bsQ
Author: Rima98
Bitcoitalk: https://bitcointalk.org/index.php?action=profile;u=2343026
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