The role of the tokens in the LoMoStar project
As mentioned before, the LoMoCoin blockchain will be a multi-format ecosystem, which uses the geographic location and information of users. LMCs will be used as pricing for various assets and as a value transfer method in various applications of our blockchain. For the social economy applications, LMC is responsible as a payment method for products and services in the social network of our location-based services (LBS). With regard to the mini ABS, LMC will become the way for transaction and settlement of pricing units and chains. Additionally, we as a company are responsible for the rights of using these business advertisements and data that is being gathered as a driving force for users to interact with businesses through the O2O advertisements in our app.
With regard to the valuation of the current scenario, different valuations and judgments originate from different understandings of the nature of blockchain technology and its potential commercial value within various sectors. No matter how others evaluate this technology, we have great confidence and enthusiasm about our project and we are certain that we will leave are mark in history. This is just the beginning.
LoMoStar Roadmap 2018
Our Team
Hello, global LoMoStar fans. My name is Xiong Lijian, but you can call me Feixiong. I myself started off as a programmer in my early years and later on, I became a management and strategy consultant. In 2010, I become more involved with internet advertisement, which resulted in me starting a business. In 2013, I started another business in the Bitcoin industry and participated in the research and development (R&D) of the world’s first Gridseed Litecoin miner, which sold more than 100,000 miners around the world. I also created WiiBox and launched its open source software, which became the most used mining control software for Litecoin miners. After that, I worked with Li Xiaolai (and many others) to establish SFARDS, which has researched, developed and manufactured the world’s first 28nm Bitcoin and Litecoin dual algorithm chip SF3301 and the world’s first SF100 double miner. Today I am the CEO of LoMoStar and our vision is to build a social economy around the geographic location and information of people and integrating it with blockchain technology.
· We have more than 4 years of experience in technical research, business operation, and in the development of Bitcoin and blockchain technology
· We have advanced understanding of the blockchain industry and we posses cross-industry resource integration capabilities
· We have the expertise in transforming the technology for various applications
LoMoStars’s core team has been working together since 2013 and has experienced the mining and trading of Bitcoin and Litecoin in the early days. We are also one of the first teams in China that begun R&D application and development of blockchain technology.
At present, there are more than 70 people (~20 full time developers) in our team and just recently we hired an international team with the ability to settle in various countries and regions to jointly promote and help develop LoMoStar.
Distribution of our Coins
· 106 million has been given to people through crowdfunding. This has been completed on June 8, 2016
· 50.00 million has (and will be) delivered by the LoMoStar app. 41.41 million has already been delivered and 7.59 million will be delivered in the future
· There is 20.00 million available for third-party cooperation and marketing. 15.6 million has been used so far and there is 4.4 million remaining
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