🌎【ANN】【ICO】🌎 LWF - First decentralized logistics platform - 🌎

[enigmatical]

OFFICIAL ANNOUNCEMENT REGARDING THE PROJECT

To the LWF community,

The developers of LWF - Local World Forwarders have decided to change the the Technology that will be used to power the project.

We will be changing from using the ERC20 Token to our very own DPOS Blockchain.

This will necessitate postponing the TEC Sale until the 27th November and it will now finish on 28th December.

There will be a 10% ADDITIONAL Bonus for those who have already participated in the Pre-Sale (from its start on this announcement) as a fidelity reward.  This will be automatically reflected in your LWF balance on Tuesday 7th November.

Redemption of your LWF tokens will be via the TEC Profile at the end of the TEC Sale as was previously scheduled.

We would also like to announce a official working partnership between LWF and Oxycoin.

We are happy to welcome @lepetitejan (Jan, Oxycoin CEO) and @seatrips (Rob, Oxycoin Co-Founder) as official supporter for the blockchain developement and to  Andrea, Gian Maria and Stefano as new developement team members.

There has been a agreement reached with Bitboost - The Block which will see the LWF project manage their logistical needs.

LWF testnet will go live for interested participants from 13th November, we would like you to come help us make sure our network will be a robust as possible and as thank you there will be 10 days of Pre-Forging on the mainnet for those who have taken part in the Testnet phase.

*Links*

https://wallet.lwf.io LWF Wallet (currently only testnet version is available)

https://www.lwf.io Our website. For up to date information regarding the project.  Also please visit our new BLOCKCHAIN section

Any queries please feel free to here, in out telegram channel or you can email info@lwf.io.  Please note this is for information purposes and spamming is not allowed

Thank you so much for taking the time to read this announcement. The team looks forward to working with our great community.

Kind Regards

The LWF Team

Official Announcement EN: https://www.lwf.io/docs/announcement_en.pdf

Official Announcement ITA: https://www.lwf.io/docs/announcement_it.pdf

Official Announcement RU: https://www.lwf.io/docs/announcement_ru.pdf

Its good news )

An amazing update, although this didn't come when we expected it as it was meant to drop on Friday, however it's all interesting with a lot of changes with the notable change in the technology from smart contracts ERC20 to DPOS. Does dpos offer investors more benefits?

Sure, the DPoS system is a democratic system that gives additional tokens to everyone who participate and support the community. Delegates that receive support from token holders by voting them in as delegate, will reward those token holders every time a block will be found (although this reward will depend on the weight of coins each voter holds). So, you can earn more LWF Coins just giving your support to your preferred delegate.

[Vorteqs]

Does this also indirectly mean the buy-back program will be dissolved?

[enigmatical]

Does this also indirectly mean the buy-back program will be dissolved?

No,  actually this would still be possible due to the integration of most used online exchanges, make direct LWF to BTC at 3 percent transaction fees.

[Vorteqs]

With these current changes, too many things have been altered. I hope the price of LWF remains or are there any changes too,

[enigmatical]

With these current changes, too many things have been altered. I hope the price of LWF remains or are there any changes too,

With the current changes, the price of LWF token has changed also. 1LWF will now be equivalent to 0.33 USD instead of its initial price of 1 USD. LWF will also have a total of 100,000,000 generated as against the earlier token amount of 30,000,000 LWF.

[wolfgb888]

This is interesting update,  what about the dividends we investors would earn,  hope it would not be altered?

Unfortunately, this will remove Dividends, by moving to a DPOS based blockchain, delegates earn forging rewards for securing the network and voters of delegates can earn rewards when the delegates offer a share of their forging rewards.

Can you explain further,  the essence and why this decision would be better off?

In order to be compliant with the SEC, and in order to add a unique value to the project for those who are involved, LWF decided to remove distributed dividends and to lean on a new technology that innovates the concept of blockchain by elevating it to decentralization and the DPO system.

Is this really a satisfactory reason of value to the project, no compensations to investors who set out from the initial stages to earn more benefits in the form of dividends.

LWF integrated its DPoS blockchain to allow everyone that  votes and supports Forgers and Delegate in the community to obtain free LWF Coin. Also the Dpos will enable us to create a secure, decentralized and performance-based logistics database through the blockchain and network-generated transactions: that will enable us to develop technology to make it a future standard for global logistics.

I find this new setting a better solution. With DPos you get a very good reward, is paid every day or week, and you'll avoid many of the bureaucratic problems, which is one of the objectives of the blockchain.

[enigmatical]

I read that LWF has signed on a new agreement to partner with a startup project Bitboost which is an e-commerce online store. LWF will serve as another decentralized, blockchain-based, third party service for delivery on the Bitboost's platform.

This is interesting, in what capacity would LWF be partnering with Bitboost.

Delivery is a critical part of the value chain for an optimal e-commerce service. Registered LWF vendors will offer freight-forwarding services to users of The Block. Also sellers on The Block may use registered LWF vendors to deliver their goods to buyers. LWF vendors will use the LWF internal network and follow the LWF business strategy to ensure the security and privacy of The Block’s sellers and buyers, as well as the satisfactory delivery of goods.

Fantastic for this news, I have written the past few days that it could be a good future convergence projects, which have the same purposes.
I am convinced that to operate together with projects with the same technology, can give greater dynamism to the economies blockchain.

Fantastic news. Wow that's really ground braking, it's the best possible deal for both sides, and I see those 2 projects benefit a lot from this. I believe in both projects and seeing both of them working together is really something special

i see the FAQ on official website about whether the Chinese, American and HongKong citizen could participate in the ICO has been changed, so did the dev take this seriously?

Yes,  the Token Exchange Campaign has been chosen as this project crowd funding model because it breaks the barrier of bureaucracy to discourage investors who want to participate especially from Hongkong, China & US. With this new model it's a lot easier for anyone to invest and participate in LWF token sale anonymously from any part of the world.

[btcbringer]

hello, i read in the whitepaper that 100 million tokens be premined, what does this mean? and whats the hard cap in USD by saying “30 million token, base $1 per token”

[enigmatical]

hello, i read in the whitepaper that 100 million tokens be premined, what does this mean? and whats the hard cap in USD by saying “30 million token, base $1 per token”

For 30M token & $1 per token,  I guess you are probably reading old white paper because alot has been amended in the new white paper. Actual token price as amended is $0.33. For 100M token (75% for TEC)  being premined means some percentage have already been mined before being set into circulation. Reason for premining token is best know to devs and core team.

[khroma]

Are there any plans for unsold tokens for the crowdfunding ?

[enigmatical]

Are there any plans for unsold tokens for the crowdfunding ?

Unsold pre-sale tokens would be burnt while unsold tokens during the TEC would be frozen and kept for a second ICO in the future to avoid network abuse with votes.

[wolfgb888]

Are there any plans for unsold tokens for the crowdfunding ?

Unsold pre-sale tokens would be burnt while unsold tokens during the TEC would be frozen and kept for a second ICO in the future to avoid network abuse with votes.

I hope that you do not come to create a kind of manipulation, that everything goes in the best way.
There have been changes in the project that make me satisfied.

[enigmatical]

Congratulations to LWF for a successful pre-sale, for raising more than its required minimum target, currently at 310k USD. As we look forward to testnet which starts on the 13th November.

[JooBra]

Congratulations to LWF for a successful pre-sale, for raising more than its required minimum target, currently at 310k USD. As we look forward to testnet which starts on the 13th November.

So many good news last couple of days from LWF community and now they reached so fast their soft cap. Now they should focus on testing how the system goes and hope to get some results on review.

[wolfgb888]

Congratulations to LWF for a successful pre-sale, for raising more than its required minimum target, currently at 310k USD. As we look forward to testnet which starts on the 13th November.

So many good news last couple of days from LWF community and now they reached so fast their soft cap. Now they should focus on testing how the system goes and hope to get some results on review.

Congratulations to all, you are expressing the best with your project. I think that during the Ico will be collected for the budget investment. LWF great

[enigmatical]

Although LWF managed to scale through with its minimum target for pre-sale, am happy that the team would use this in developing it's p2p platform with core service of freight Forwarders and the Blockchain logistics function.

[Vorteqs]

Am a little confused for ambiguity, can anyone explain for me the notarization system for this project ?

[enigmatical]

Am a little confused for ambiguity, can anyone explain for me the notarization system for this project ?

The notarization system for this project which is opentime stamp notarization helps to certify a date, time and data entered. The hash and distribution of nodes in the LWF network will make the data inalterable and verifiable at any time, excluding any possibility of tampering by malicious people in the network.

[Scholles]

Are there any benefits to participate in testnet which starts on 13th or we wait till token exchange campaign commences in 19days?

[enigmatical]

Are there any benefits to participate in testnet which starts on 13th or we wait till token exchange campaign commences in 19days?

Yes, if you intend to become a delegate and forge LWF coins, then maybe you should pay more attention to this because, LWF would give 10 pre-forging days in prize for who will use the testnet.