It still just sounds like this is antivirus software you are selling but attempting to fund it as a crypto ico.
Can you explain further why blockchain is needed here?
You quite rightly noticed!
In the our software itself, the blockchain is
not needed. There it wasn't and will not be.
And we repeated this fact many times and everywhere.
We'll use ICO as a way to attract investments. It's logical, right?
Blockchain used for creating own tokens.
There will be two types of LevelNet tokens issued.
Иelow is more information about what is it for and how it will work.
1. Utility token LVLToken owners will be able to use LevelNet services, the LevelNet ecosystem, and all its products, in addition to receiving use of intellectual property rights. Possession of the token gives access to the Buyback Fund and MoneyBack funds secured by a smart contract based on Ethereum. It will be possible to exchange tokens for crypto shares in the second phase of the project.
Phase 1: Non-Investment
LVL Token Details
Holders of LVL tokens have a membership status that provides access to LevelNet services and software. LevelNet offers participants in the non-investment phase the following options:
● Business API and premium services. Participants exchange tokens for subscriptions to LevelNet services in case they have more tokens than the required amount. The possession of tokens in this required amount will significantly reduce the costs of a corporate plan.
● Lifelong use of the LevelNet application and any LevelNet services for ordinary users, without additional payment for premium features.
● Option to participate in Phase 2.
● Access to the “Buyback” and “Money Back Guarantee” funds, secured by a smart contract.
● The possibility of receiving an LVLS financial instrument upon a successful KYC / AML procedure (see Terms and Conditions).
2. Equity token LVLSOwners of LVLS will have ownership and profit sharing rights, owners will have rights to be chosen in supervisory committee, to nominate the members of the Director Board, to choose the Fund’s main investment and expenses directions.In this order to implement this we hired a team of Legal and finance and investment experts to design a second phase of our strategy.
LVLS Token Details
LVLS is a financial instrument, which in Phase 2 offers the following:
● Access to the fund’s profits;
● Access to the register of fund shareholders;
● The opportunity to nominate a representative to the Board of Directors;
● The right to call an extraordinary board meeting.
The Exchange of LVL Tokens for LVLS
● LevelNet Capital plans to establish an investment fund or obtain a license to carry out investment activities.
● All LevelNet assets will be in the fund balance.
● LevelNet Inc. will issue up to 40% of shares and, under the option agreement, will transfer them under the management of the fund.
● After registration, the fund immediately begins to issue LVLS tokens (a financial instrument that gives the right to receive a share in the fund).
● Only LVL token owners can obtain the right to own LVLS tokens.
● Only LVL token holders can exchange them for LVLS tokens. For participants, up to 40% of fund ownership will be available.
● The exchange of LVL tokens for LVLS tokens will be carried out through the investor’s personal account, which is accessible via orderbook.io
● All qualified LVL token holders will have the preemptive rights to purchase non-distributed LVLS. (in the USA only “qualified investors” can get LVLS tokens)
● All LVL tokens exchanged for the LVLS token are subject to cancellation.
All exchange provisions are regulated by the Terms of Token Offering and cannot be changed.
