Bitcoin Forum

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LSC token will be released to the crypto-exchange (Voskhod, Polloniex or Bitfinex) in 1 month after the main ICO.

The LSC-F holders can exchange the asset for LSC tokens in 1 month after the main ICO. This way, the Chinese customers may get this token in compliance with the ICO law.

The wood supply or dividend payment is planned in 6 months after the main ICO.

The buyback of LSC begins in 12 months after the main ICO for $100 (the nominal + 100%).

The smart contract guarantees the full refund for LSC and LSC-F purchased on the main ICO, if the ICO will not reach its target (i.e. attracts less than $14.9 million investment).





1. We are establishing the first enterprise in the Russian real sector which will trade the liquid commodity (wood and timber) only for crypto-currencies.

2. LSC token is secured by wood stock and will be constantly supported by the incoming capital flow from the real sector buyers (e.g. furniture factories, construction companies & intermediaries from China and Japan).

3. We can deploy our production and gain first profits in 6-months-term after the main ICO.

4. The land for a new production area is already allocated in the Far East region. It is located at the border with China and Japan, the key importers of Russian wood.

5. DAO LSC supports anonymous ownership and trade of LSC. The legal entities involved in the ownership scheme will be located in the offshore jurisdiction, The British Virgin Islands. Any disputes among the investors will be filed to the London Arbitration Court.

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Why does DAO LSC announce the pre-ICO so late?
This is explained by the fact that the decision on a free investment zone in the Russian Far East region was, until recently, pending. In September 2017, the Russian regulators confirmed that they welcome crypto-trading in this region. We have published the fully prepared project short afterwards. This progression is unavoidable for the real sector due to the reputation risks associated with any early and unconfirmed announcements.

What are your relationships with the regulators?
The Russian authorities confirmed that the Far East Region becomes a free investment zone. As we only deploy production in this zone, DAO LSC fully complies with the Russian law.

What is the Voskhod crypto-exchange? Why you want to release the token there?
This is the investment platform established by the Russia’s President Representative in the Far East region. This platform is certified by the Russian Central Bank for trading crypto-currencies. However, we are not obliged to release Lescoin to Voskhod. We negotiate with other platforms in order to choose the best solution. Our investors are welcomed to express their preferences.

Do you have any industrial investors?
Yes. Wholesale wood buyers from China are to participate.

What contractor(s) will actually do logging, woodprocessing and logistics?
There are at least 3 established Russian companies ready to deploy production immediately after the main ICO. Now we officially partnered with Les-Invest, Ltd. (est. 2007) and there will be more partners on the following stages as our production scales and diversifies. There are international companies among the prospective partners too.

You ask for large upfront investment. How soon investors get a return on investment?
It is planned to sell the first batch of products (rough-wood) in 6 month after the main ICO. Ever since, the investors will receive dividends on the monthly basis.

What if regulators will ban your operation?
The Russian authorities expressed interest in attracting foreign investment to the country’s real sector via crypto-exchange. We have necessary contacts and leverage in the industry. As our government currently withstands the US sanctions, we do not expect to meet any obstacles.


How can investors control your operation?
1. The Smart contract will prohibit any non-earmarked spending. 2) The smart contract will also oblige DAO LSC to disclose all operational data (trade contracts, assets and liabilities, etc.). 3) There will be a special web-interface for investors to monitor the operations and dividends. 4) Moreover, the token holders will be able to vote annually on strategic decisions such as the ratio of dividends and reinvestment.

PRE-ICO EMISSION: 200.000 LSC, among which 75% accounts for LSC and 25% for LSC-F
MAIN ICO EMISSION: 1.8 million LSC huft hhhmmm  ::)

My prediction - this project will fail

Everything is great ;)

Reserve indonesian translation if needed

Bitcointalk account URL: https://bitcointalk.org/index.php?action=profile;u=41126;sa=summary
Bitcointalk name: kamikadze69
language: Indonesia
Rank: Hero Member
Your choice to translate: (ANN and WP)
Are you ready to post and moderate: yes
Translation portfolio link: https://bitcointalk.org/index.php?topic=2174485.0
ETH address: 0x6660fa51A3544b4a423889CC4D54C12ADe1B8D86

We've designed the special smart-contract  for our wholesalers - China. We are the first, who's made it despite on the ban ICO in China)
And 25% of LSC are already been reserved 8)

Don't worry:)

Hello, unfortunately, Indonesian is already reserved) be carefully when reading the Bounty branch https://bitcointalk.org/index.php?topic=2190584
Thank you)

look great, see your concept is also very big and definitely very good to be developed, I am very curious about the development of this project, good luck with your project

Thank you, follow us to find out the latest news of the project ;)

Great news for crypto-investors comes from Russia: the country creates a free investment zone in the Far East region. The first project there expands the boundaries of the crypto-market – Russians are ready to trade wood and timber for crypto-currencies. DAO Lescoin is at the pre-ICO stage right now and here are 5 reasons why you need to check it out.

The Lescoin token is secured by wood stock
The deal is simple. 1 Lescoin =1 cubic meter of wood.
After the ICO, the Lescoin owners can either get the wood or receive the dividends from selling it to China. Is it profitable? Yes. Early investors can get up to 400% profit in 6 months. There is also no minimum limit for participants in the pre-ICO.

Read the full article: https://coinidol.com/lescoin-ico/

https://coinidol.com/upload/resize_cache/iblock/3cc/900_900_1/3cc72f0e38352020be468dd50d6a905d.jpg

Thank you!

I think the project will not work out:
1.For deforestation you need permits, but you do not have an organization.
2.You do not have a team of professionals deforestation.
3.You live in another region and do not know the specifics of the work.
4.Forest grows for 100 years, how many investors can wait?
5.The probability of changing the law of Russia is high.
Can you make ICO for honey?

1.For deforestation you need permits, but you do not have an organization.

We do have a partner organization. Our industrial partner is Les-Invest, Ltd, est 2007. We register a new company to fix the investors' shares. This new company will be collectively owned by the investors via an offshore jurisdiction. To be precise, it will be registered in the British Virgin Islands. "Les-Invest" gets the deforestation permit and sub-lets the logging contract to our new company. There is nothing unusual for the industry in this as a big company often hires several smaller contractors to actually do the job in specific areas. Please read more in WP.

2.You do not have a team of professionals deforestation.
The industrial partner has the team. The project founder is the timber business too.

3.You live in another region and do not know the specifics of the work.
We pick this new region due to the lower competition and big undeveloped areas. This is a business expansion to a new production area. In terms of climate, logistics and work conditions there is nothing dramatically new. It is also a coniferous forest in temperate climate. Our experts did research in the area before we drafted the White Paper.

4.Forest grows for 100 years, how many investors can wait?
Transgenic trees grow to maturity in 5-7 years. We showed on the website how the 3-years-old TG-forest grown in Siberia looks like. This one is grown by above-mentioned Les-Invest.
However, investors need to wait not 5 years, but only 6 months. This is because we do both logging in the wild forest AND the planting of a new TG-forest. All these is described in the WP too.

5.The probability of changing the law of Russia is high.
The probability of having any new president (and, therefore, a new policy) in Russia in next 7 years is the lowest possible. The US can have new laws every now and then (Obama creates Obamacare, then Trump cancels Obamacare and so forth). Russia exports the resources and is very much intended to continue. Recently, the government lowered the duties on trading rough-wood to China. We will benefir of this from the very beginning. IF the goverment decides to rise duties - we win again, because we are the first to establish the advanced woodprocessing in the region.

6. Can you make ICO for honey?
No, sorry. Farmers can.

Thank you for your deep questions, we are always glad to answer. Most parts of it are presented in our WP, however.

Hello)
I think the project will not work out:
1.For deforestation you need permits, but you do not have an organization.

We do have a partner organization. Our industrial partner is Les-Invest, Ltd, est 2007. We register a new company to fix the investors' shares. This new company will be collectively owned by the investors via an offshore jurisdiction. To be precise, it will be registered in the British Virgin Islands. "Les-Invest" gets the deforestation permit and sub-lets the logging contract to our new company. There is nothing unusual for the industry in this as a big company often hires several smaller contractors to actually do the job in specific areas. Please read more in WP.

2.You do not have a team of professionals deforestation.
The industrial partner has the team. The project founder is the timber business too.

3.You live in another region and do not know the specifics of the work.
We pick this new region due to the lower competition and big undeveloped areas. This is a business expansion to a new production area. In terms of climate, logistics and work conditions there is nothing dramatically new. It is also a coniferous forest in temperate climate. Our experts did research in the area before we drafted the White Paper.

4.Forest grows for 100 years, how many investors can wait?
Transgenic trees grow to maturity in 5-7 years. We showed on the website how the 3-years-old TG-forest grown in Siberia looks like. This one is grown by above-mentioned Les-Invest.
However, investors need to wait not 5 years, but only 6 months. This is because we do both logging in the wild forest AND the planting of a new TG-forest. All these is described in the WP too.

5.The probability of changing the law of Russia is high.
The probability of having any new president (and, therefore, a new policy) in Russia in next 7 years is the lowest possible. The US can have new laws every now and then (Obama creates Obamacare, then Trump cancels Obamacare and so forth). Russia trades the resources and it is very much intended to continue. Recently, the government lowered the duties on trading rough-wood to China. We will benefir of this from the very beginning. IF the goverment decides to rise duties - we win again, because we are the first to establish the advanced woodprocessing in the region.

Thank you for your deep questions, we are always glad to answer.

6. Can you make ICO for honey?
no, sorry

You told me four times to read WP, I inform that I read WP.
1.I did not find information about your partner in WP. On what terms do you want to cooperate with a partner, you can see the statutory documents of the partner, who is the owner? Which parts of the forest do the partners have permits? Can I see the documents for the forest for deforestation?
Give a link to the partner's website?
2.What is the team of your professional partner?
3.Low competition? Very very funny! In this region, you want to compete with the Chinese who have unlimited resources.
Give the exact coordinates of the place with permissive documentation? Very possibly the forest is absent in this place.
4.You told me four times to read WP, I inform that I read WP.
1.I did not find information about your partner in WP. On what terms do you want to cooperate with a partner, you can see the statutory documents of the partner, who is the owner? Which parts of the forest do the partners have permits? Can I see the documents for the forest for deforestation?
Give a link to the partner's website?
2.What is the team of your professional partner?
3.Low competition? Very very funny! In this region, you want to compete with the Chinese who have unlimited resources.
Give the exact coordinates of the place with permissive documentation? Very possibly the forest is absent in this place.
4.I do not believe the photos on your site, give me a link to the Monsanto website?
5.Trump wanted to cancel Obamacare, but could not, the laws in the US are very difficult to change, changes in the law do not depend on one person. In Russia, everything depends on one person.
In Russia there were the former problems with the raising of duties on the untreated forest, are possible in the future.

1. We can show you all docs about conditions in the evening. Could you leave your email? We'll send all, including partners' links, agreement of deforestation and so on.

2. Sure: http://s019.radikal.ru/i637/1709/a6/4cc36d7b5d6d.png (http://radikal.ru)

3. Excuse me, but you are wrong. China will have never been cutted down their forests in such scales, Chinese are our main investors, we even designed special contract for them (due to ICO ban there), and 25% of tokens are already reserved by them.

4.1 The seeds were ordered and planted by our partners three years ago. The range of Monsanto products has changed. At a preliminary dialogue with them they said that they can make and send seeds and seedlings only if there is a large batch of $ 100,000. Therefore, we can do this only if we collect funds for ico. When our partners planted seeds - they did it just as an experiment and no one suspected that in three years on the basis of this test a large-scale ico company would be organized, so the documentation on the purchase of seeds was not preserved. The purchase was made by one of the members of the management team "Les Invest", during a tourist trip to the United States.

4.2 You can see the aerial shooting of the first TG-forest in Siberia, which the partner planted in near the town of Sosnovobors (Siberia, Russia). And if you really don't believe, we will be glad to invite you to tour around our forest :D

5. Do not worry, these problems will not concern us, because we have just processed wood and finished products will be produced. Today, regulators are friends with us because they want to circumvent the sanctions. Therefore, we will benefit from this (you mentioned above) in our project in the future.

Thank you for the much interested.

Hurry up to get 100% bonuses ;)

http://s02.radikal.ru/i175/1709/a1/334df7812054.png (http://radikal.ru)

It's on Page 5, Project Background: https://drive.google.com/file/d/0B-o5okWW3V3tRlZUbWxhVGg4NjA/edit
It obvious you made a superficial reading of WP. Please take it easy, no one forces you to compete with Chinese super-truper lumbermen and their unlimited resources. By the way, Chinese prefer to import timber. Where do you get information about the industry, politics and competition? CNN?

1.Are all the documents confidential information? We can not show documents to the community? Why?
A link to the partner's website is too secret? The exact coordinates of the place is too secret?
2.I asked about the team "Les-Invest", I do not see any people from this organization.
3.China does not cut its forests, China has a ban on cutting a forest in China. And people from China have long been cut down the forest and buying wood.
4.Even funnier, the tourist brought unknown seeds and now you want to make a multi-million dollar business based on this?
In the Far East, a completely different climate and it is not known how the seeds take root. That partner working since 2007 can not buy for $ 100,000 seeds?
5."regulators are friends" - Do you mean that you give them bribes?
Can you give answers? Or do you consider this information enough?

Mention in the WP once the general partner, do you think is correct?
I lived and worked for many years in Siberia and the Far East of Russia. I do not watch CNN.
Please invest money, but I do not want people to have a bad opinion about Russia. A bad opinion appears when people are dupe.

I thought you were in the industry somehow. And I am glad that you are supporting our country.
But as you've been there you must know about the divide btw the timber industry in Western and Eastern parts of Russia? The Western is quite modernised using the technology of Scandi and German companies. The market is crowded, there are many big companies, it's hard to get a new license in the European part and Urals.
The Eastern part is quite different. There are couple of big players of course, but the majority are small and medium-sized enterprises with old technical base. There is a potential to modernise, to diversify the production and establish a new big company.

We welcome you to join as our advisor and speak directly to the company and our business partner. We know our marketing isn't perfect, it's actually quite hard for the company representatives to meet all the media attention right now. The leading Russian business media (the Russian Business Daily) and the biggest tabloid MK are already approached the company, local TV and radio also have been there. So the partner is already facing lots of public attention in Russia, much of it unfriendly, because general Russian public does not understand what blockchain and crypto-market is. This is the reason why our industrial partners do not want too much media exposure. But we are ready to talk to any perspective partners and colleagues from the industry.

If you have some ideas how to present the project in a more coherent way for the Western public, we'll happy to have you on the advisers' board. There you'll get a fair share of tokens depending on your contribution. You may even join us on the main ICO as a marketing partner in the US, because you clearly know the industry and can help us to make a better investment offer.

You already devoted much attention to us (we appreciate this). Hope you can find some time to talk in telegram. I'll send you my private account in PM if you allow. Thanks.

ATTENTION: Buy #Lescoin for BITCOINS  8)

There were many questions about why we do not accept bitcoins. We realized that this was our mistake  and the developers gave all their energy to add the bitcoin contract so that all investors managed to get the maximum bonus.

All is ready. Tested, that’s working. Please, do not forget that bitcoin transactions are processed longer than on ethereum.
http://s018.radikal.ru/i521/1709/56/013f06999b2c.gif (http://radikal.ru)

http://s019.radikal.ru/i604/1709/7a/5130b6c0dc79.jpg (http://radikal.ru)

This is a great opportunity, Thank I'm a part of the campaign.

We're glad:)

although ANN is very informative, but I'm a bit skeptical about the success of this project, a mission that is too ambitious and takes a long time to make this project too self-imposed with the concept, your team is good, but are they experienced in forestry development?
I will see the progress of this thread the next few days, hopefully this project is successful

Thank you, our "Forest Team" is represented as the experts on our website)

How many confirms required?

Thank you ;)

Other than the rate which seems to be better at the moment.

Yea, a "wonderful" project ;D
1.There is no organization and team involved in the forest.
2.There is no place for deforestation.
3.Seeds are either stolen from Monsanto (there are no documents). Whether it's not Monsanto plants, it is unclear whether Monsanto produces such plants.

The group of Russian timber companies ‘Les-Invest’ announced the ambitious plan to attract global crypto-investors into the industry. Recently, the investment fund DAO Lescoin released the token secured by its products – wood and timber – and launched the preliminary ICO. Why should crypto-investors be interested in this ICO? These project can re-shape the whole global timber market.

Russian regulators create a free investment zone

https://www.cryptocoinsnews.com/lescoin-ico-russia-to-modernize-its-timber-industry-by-allowing-crypto-investment/

What kind of company is Les-invest? A link to the company is not given to me. This is a secret?
The team can not provide documents for deforestation. In Russia, deforestation is a very bureaucratic procedure and is easily verified.
My opinion - this project has signs of a scam.

Hello, you're right, it's a wonderful project)

1.Have you ever been on our website? We have "forest" team members there, even here you can notice the "forest" experts. Be more attentive, please ;)

2. Read, please, our White Paper. All info about the territories for deforestation are described very precisely there.

3. Our partners bought seeds from Monsanto in 2014, from which we have a forest now. As we've known now, apparently, Monsanto sold this business (with TG-seeds of trees), but we have still our suppliers, who are in this field for many years. They have rather alternatives for us. So that, there is no any problem at all.

Thank you for the questions ;)

This ICO is scam.

On the page 5 on ICO you can see : "Our company LES-Invest Ltd. (Russia) has been in the timber production business since 2007".

But when I asked documents proving company (OGRN and license number) they blocked me in telegram and VK.

Do not deceive people! We answered ALL your questions 100 times. And when you started just to troll us and litter chats - we, of course, blocked you.

I didn't troll you. That's not true.

So, please, provide us your company's OGRN and license number.

We answered, and you still suggested that we "make the documents." Your business is a common fraud.

We will inform the forum administration.

That is not true. Nobody have seen your OGRN and license number. You can provide it easy if you have it but you don't. Show me where is your answer.

You are liying to my face rigth now.

Look through our chat AGAIN. We hope, you will have a success with another project, goodbye.

There is nothing in your chat. You just ban people asking the documents.

If you have this docs just show them here: on bitcointalk. It's easy to do if you have them.

In agreement with the owner of the company, we decided to disclose accounting for our investors - those who bought the option in the project Lescoin. Here is the appeal of the owner of the company:

"All investors with an option of more than 2% of the target value of DAO Lescoin are ready to provide data on the operations of the partner company in the forestry complex." Investors who are ready to deanonimize their contributions in order to get acquainted with the reports should contact the founder of the project in private way.

On the forums, except for sending to wp, we do not give such private info!"

Im sure, this is full scam!

1. If you are not the owners why do you wirte in your WP: "Our company LES-Invest Ltd. (Russia) has been in the timber production business since 2007".

2. 2% from 5000 000$ is 100 000$. Who wants to invest this amount if you can't show basic docs about your compamy?

3. "Investors who are ready to deanonimize their contributions" - What the hell should it mean?

4. You've wrote "On the forums, except for sending to wp, we do not give such private info" and "We answered ALL your questions 100 times". So, which one is true?

1. We conduct the ICO on behalf of the owners.

2. Is there now any qualification of ICOs based on paper docs? Like 90% of project would be out of the market then. In any case, you can only speak for yourself. Some investors have more trust in people more than in papers.

3. As it was said that we will provide the full operation records to the investors. So we need to identify those investors.

4. Well, you said in Russian branch that you aren't interested in the accounting books? Merely in the registration number, on which we asnwered 100500 times in all our platforms that you are flooding in the last 3 days. I am glad that you are so devoted to your criticism. All our branches are trending, and we improved our investment dynamics in bitcoin. Please keep going :) In the end, we might reward you for all the hours you've given to the project. You also gave a stress test to our social media support, for which we express our special gratitude.

I am only a bit worried that the community here might decide that we created those multiple accounts to heat the branch. Or paid someone for their criticism. Honestly, we didn't. A kind user made all the work for free, because of his own genuine interest ;)

Yes you are right, people post on this thread is a sign of support for this project and nothing else...

when the ICO ended ?

Please when is the ICO

Please during ICO will the price increase or it will remain the same?

Now we have pre-ICO. And the main part will be conducted in the period of November-December.

During - no, but after the realization on the exchanges it will be regulating with market.

Dear friends, due to the restriction of participation in the ICO of the PRC, we could not get the necessary amount until the end of the pre-sale. So that we decided to extend the presale until November 10, 2017. Also we lowered the soft cap to $ 100,000. The bonuses are 50%. Thank you for your support:)

http://s018.radikal.ru/i523/1710/d8/489f98052ece.jpg (http://radikal.ru)

So nice project and so slow ICO progress?

Anyway good luck! Improve the technology of reproducing forest.
My heart is yours for roadmap with purchase seeds)

 :) Thank you

Does the LSCF buy back $ 50 after six months, the LSC is $ 100 after the December buy back, right?

During Bounty campaign all participants were sending their reports here or on our Bounty branch (bitcoin talk). It finished on 18 Oct. and from 18 Oct till 10 nov u can take part in blog campaign or referral system. What period are we discussing now?

What about the news of this project, it is now past the 10th of November. Is ico in progress?