WELCOME TO THE NEW BEGINNING OF TOKENIZATION FRAMEWORKTHE NEXT GENERATION OF TOKENIZATION FRAMEWORKLEGIT token is finally deployed in Ethereum blockchain.
LEGIT is reshaping the payment ecosystem by introducing token transaction processing system that enable payments whitin mobile apps, mobile wallets and merchants. The combination of LEGIT Wallet and LEGIT Debit Card let you pay and shop instantly anywhere in the world. Use your LEGIT Debit Card to pay or to withdraw fiat currency in any ATM that accept Visa Card around the world.
BackgroundThe world first crypto currency Bitcoin was created in 2009 as a response to the failure of centralized
banks who fails every now and then causing a loss of the billions to the investors. The most recent event
was the bankruptcy filed by Lehman Brothers. To avoid such crisis in the future, and out of danger
towards the banking system for the collapse, unfairness, inefficiency and disappointment caused by a lack
of change, forward thinking traders and brokers are looking for a solution that will disintermediate and
commoditize today’s status quo. A new eco system was required where all these problems are addressed
profoundly and the user don’t have to rely on central authorities whose action may result the system to
collapse.
The idea was to take control of the money from governments and centralized banks and give it back to
the actual deserving i.e. the money holder, and as a result bitcoin the world’s first decentralized
cryptocurrency was created.
However, with the passage of time, even in the world of cryptocurrencies, the dependence on third
parties to undertake day to day financial activities continue to grow. Already, there are developments in
the blockchain world that seek to change the way people interact with banking systems.
ProblemsAfter the introduction of Bitcoin in 2009, numerous attempts have been made to bring cryptocurrency to
the masses. Unfortunately, mass adoption is still slow and cumbersome. These cryptocurrencies seem to
be failing when it comes to general acceptance and usability and these projects have failed to identify and
address the main issues present in making mass adoption of digital assets possible. The main reasons are
security, acceptability and volatility of the market.
Storing digital assets is cumbersome and inevitably people choose to store their assets under a third
party’s control, like an exchange or a wallet. This defeats one of the greatest properties of
cryptocurrency, and exposes them to risks that have consistently proven to be catastrophic.
Another factor being the usability of the coin i.e. numerous steps are often involved in seeing real use of
one’s digital assets. Despite the growing appeal of cryptocurrencies, the usability of cryptos remains
limited; a hurdle that has kept it from achieving more rapid, widespread adoption. The reasons being a
user needs wallets, exchanges and accounts on various services. They are required to withdraw, deposit,
do KYC and even become amateur traders. A system is needed that eliminate these steps, and offers a
seamless plug-and-play experience for the uninitiated that can be integrated across platforms.
Another main problem being the volatility i.e. for an asset like Bitcoin which can raise or lowers in minutes
with a difference of hundreds of dollars and that too on regular basis.
Ethereum-Legit is a step intended to eradicate all these problems and create a stable, secure and more
diverse asset that is acceptable everywhere.
Introduction to Ethereum-Legit: The SolutionEthereum-Legit provides an entire ecosystem intended to solve the problem associated with the
cryptocurrency world today. It allows users to get rid of all issues related to the conventional
cryptocurrency system by providing them with a more secure, stable, and diversely acceptable exchange
of digital data between its peers featuring an incorruptible ledger recording all transactions.
Based on Ethereum blockchain, the process is fully transparent at all times. All transactions are fully
traceable, irreversible and incorruptible. Ethereum-Legit guarantees the validity and authenticity of each
transaction and ensures that fraudulent activity is discarded promptly.
There is no single point of failure as the control of the entire network or transactions isn’t down to a
single central entity but rather by the entire network. ‘Fixing,’ ‘hiding,’ ‘manipulating’ or ‘profiteering’ is
impossible within a blockchain network. All transactions are fully traceable back to their origins at all
times, and all network peers have access to that incorruptible ledger.
Being the next generation of tokenization framework, LEGIT is reshaping the payment ecosystem by
introducing token transaction processing system that enable payments within mobile apps, mobile
wallets and merchants. It also provides users with a LEGIT Debit cards that would revolutionize the
payment concept within the crypto industry and eradicate the hectic process of exchanging your money.
ObjectivesEthereum-Legit is created with the aim of facilitating and providing an alternative global payment method
in cryptocurrency industry and solve the problem of acceptance, volatility and security. Being a peer to
peer payment (P2P) method, it makes the payment process simplified and more efficient for both
providers and consumers. Furthermore, it also saves you from the hectic process of currency conversion
and higher fee when you exchange your crypto money into a fiat currency.
Ethereum-Legit aims to give you a secured payment solution with minimal transaction fee and all your
digital assets gets transferred right into your Wallet in blink of an eye. Ethereum-Legit Team has many
years of experience in the finance and banking industry which is the foundation of introducing EthereumLegit
service. Ethereum-Legit will be linked with VISA through Ethereum-Legit Debit Card and allows
Ethereum-Legit to be used as one of the secured payment methods other than cash.
Ethereum-Legit Debit CardThe Ethereum-Legit debit cards work like your regular flat debit cards, as they exist in a cashless payment
infrastructure, and come with the added bonuses Ethereum-Legit provide. Instead of being connected to
a bank account, Ethereum-Legit debit cards will be linked to your Ethereum-Legit currency wallet,
allowing you to withdraw and transfer your money anywhere anytime. It isn’t bound by banking laws
specific to a country, crypto debit cards can be used in any mainstream commercial environment.
The combination of LEGIT Wallet and LEGIT Debit Card let you pay and shop instantly anywhere in the
world. Use your LEGIT Debit Card to pay or to withdraw fiat currency in any ATM that accept Visa Card
around the world.
It allows you to store your digital assets in your personal Ethereum-Legit wallet, strictly confidential and
absolutely private. Being a peer to peer mode of payment, all your transactions are direct; not through
any third-party.
Unlike traditional currencies, Ethereum-Legit is based on the decentralized technology, meaning that
there is no central authority to control the coin. This way it gives the actual power to real owners of the
coin i.e. all the Ethereum-Legit holders.
Features of Ethereum-Legit
Smart ContractsEthereum-Legit uses Smart Contracts based technology for its transactional purposes. Smart contracts
help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while
avoiding the services of a middleman/third part.
The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily,
you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart
contracts, you simply drop a Cryptocoin into the vending machine (i.e. ledger), and your escrow, driver’s
license, or whatever drops into your account. More so, smart contracts not only define the rules and
penalties around an agreement in the same way that a traditional contract does, but also automatically
enforce those obligations.
Ethereum-Legit Use Smart Contracts technologies that are the deterministic exchange mechanisms
controlled by digital means that can carry out the direct transaction of value between untrusted agents.
Ethereum-Legit use this technology to facilitate, verify, and enforce the negotiation or performance of
economically-laden procedural instructions and potentially circumvent censorship, collusion, and
counterparty risk.
Peer to Peer PaymentPeer-to-peer payment system are electronic money transfers made from one person to another through
an intermediary, typically referred to as a P2P payment application.
P2P payments can be sent and received via mobile device or any home computer with access to
the Internet, offering a convenient alternative to traditional payment methods.
ETHEREUM-LEGIT Organization has the built in functionality of peer to peer payment that would
facilitates the users to send and receive their earned amount directly into their e-wallets without having
to worry about massive surcharges implemented on traditional payment methods.
Ethereum-Legit Debit CardThe functionality of Ethereum-Legit Card makes it a must-have item for daily to daily transactions.
Features of Ethereum-Legit Debit Card Includes:
✓ Spend your digital assets of which ever cryptocurrency you hold with a physical Ethereum-Legit
Card by just converting it into Ethereum-Legit both online & offline.
✓ The exact amount that you spend with your Ethereum-Legit Card will be incrementally exchanged
from the crypto currency you hold in real-time when you swipe your card, with rest being securely
stored in your wallet to which only you have access.
✓ Ethereum-Legit app allows you to exchange money at best interbank exchange rates.
✓ Get the same interbank rates whenever you spend on Ethereum-Legit Card
✓ Send money from Ethereum-Legit App in all major currencies to various countries worldwide for
free.
✓ Sending money between Ethereum-Legit App users is free & real-time, with the money being.
✓ instantly available for the recipient on their Ethereum-Legit Card.
How to Use Ethereum-Legit Debit CardIn order to receive the Ethereum-Legit Card, our customers need to download Ethereum-Legit Android /
iOS App and go through a few simple steps to get registered.
We will issue and send the Ethereum-Legit Cards to customers free of charge. The physical card can be
used both for online and offline purchases at more than 30 million merchant locations globally.
After you have received the card, you can use it just like ordinary debit card for any transactional activity.
Every time you spend with the Ethereum-Legit Card, you will be given perfect interbank exchange rates
without markups or fees.
You can fund your account with any cryptocurrency, instantly and for free. You can also use fiat
currencies, topping up your account by bank transfer or with a debit/credit card.
Spending your coins with Ethereum-Legit Card is seamless. You keep your Ethereum-Legit balances in
your wallet, which you can view at any time in the Ethereum-Legit App. Every time you swipe your
Ethereum-Legit Card, we will only exchange the incremental amount of the crypto currency that is
required to settle the fiat currency transaction. The rest of your balances remain in your wallet. There are
no monthly or annual fees for usage of the Ethereum-Legit Card. Ethereum-Legit will not charge fees for
global ATM withdrawals within Fair Usage Limits. There is a 0.18% fee for all transactions (swipe and
exchange) of ETH/BTC. These earnings will accrue in the ETHEREUM-LEGIT Smart Contract, the rights to
which will be held by community members who hold ETHEREUM-LEGIT tokens.
Features of Ethereum- Legit Card✓ Seamless
✓ Secure
✓ Fast and Efficient Transactions
✓ Minimal Exchange Rates
✓ Access to perfect inter-bank exchange free.
✓ No fee for Global Withdrawals
✓ Global Acceptance
✓ Support all major crypto currencies
✓ Free of Cost Debit Card
Why Choose Ethereum-Legit?Unlike the traditional platforms and payment methods, Ethereum-Legit provides you platform that is
secure, efficient and stable. As the value of the Ethereum-Legit tokens increases, the value the EthereumLegit
holder increases as well, thus enabling them to generate maximum profits.
By investing in Ethereum-Legit, you become a valuable member of the ETHEREUM-LEGIT Community and
get the authority to ultimately control the future of this platform.
SecurityBased on the latest smart contract technology of Ethereum blockchain, Ethereum-Legit is one of the most
secure cryptocurrency. Being a peer to peer mode you won’t have to worry about a third party getting
any information or your data. All of your data is encrypted and your digital assets reserved in a wallet only
you can access.
Decentralized BlockchainEthereum-Legit blockchain can handle any amount of transaction volume all the time without having the
chances of the network getting down or showing any sign of sluggishness. Unlike traditional payment
methods there is no possibility of a single point of failure.
Easy Transactions
You can transfer Ethereum-Legit to anyone- anywhere in the world as long the recipient is connected to
the internet.
Ethereum Legit ATMs and Debit CardUsing Ethereum-Legit Master and VISA Cards, you can withdraw any amount of your digital assets using
any ATM that accept Visa Card and Master Card. You can even make direct purchases from merchants all
over the world just by a showing a face of your card through NFC technology.
SECURE, QUICK and CONVENIENTThe work is based on innovative blockchain technology, which enable you to get profound information on
all transactions ever made. The code cannot be cracked or alternated with unauthorized changes. The
system is decentralized and securely protected against influence from single users.
PrivacyWith Ethereum-Legit, users can enjoy the advantages of using a public blockchain, while still being sure
that their private information is protected.
Enormous Potential
You can be a part of a project that has the true potential of becoming the world’s leading payment
system. More demand for Ethereum-Legit ecosystem over the time will raise the value of the coin itself.
Investment in Ethereum-Legit will get profit from the raising price of Ethereum-Legit on the market
exchange. The value of Ethereum-Legit will increase from market demand.
Lowest FeesEthereum-Legit will offer significantly lower fee than any other major online payment system.
Get Ethereum-Legit when it is the cheapest
You can buy Ethereum-Legit at a very minimal rate now, and trade at later at with a huge profit after its
value increases, which is expected to be rising very soon after the debit card has been launched.
User FriendlyAll transaction with Ethereum-Legit can be easily done by using Ethereum-Legit wallet application or even
ETHEREUM-LEGIT Tour app on any smart phone or computer.
Support various WalletsEthereum-Legit would support a variety of digital Wallets having encryption available. The encrypted
technology of these wallet would allow you to secure your Ethereum-Legit, so that you can view
transactions and your account balance.
Community VotingYou can take part in decision making process of the future, as it is based on Blockchain, so you don’t have
to worry about any centralized body controlling the process. You will make a difference with your actions,
take your destiny into your own hands
PortableEthereum-Legit is designed to be portable. With the current major currencies, it is difficult to carry
around large amounts of money. Cash amounting to millions is risky to carry for several reasons, which is
why Crypto currency investors prefer it to other currencies. With Ethereum-Legit, you can easily carry
around a million dollars’ worth of Ethereum-Legit in a memory card.
Ethereum-Legit Acceptability
Unlike other Cryptocurrencies that are struggling with their acceptability and mainly rely on exchanges,
Ethereum-Legit would be accepted almost everywhere in the Tourism industry. We are currently in
negotiation with leading hotels, restaurants, food chains, mega shopping malls, online shopping centers
and other merchants.
Here is a brief list of the benefits you get with Ethereum-Legit:
➢ Once the card is launched, you would have the facility to use Ethereum-Legit just like your VISA
card and that too without having to worry about any additional charges from banks etc.
➢ Having already made its worth in the Payment and finance industry, Ethereum-Legit is supported
by a huge network of economists and financial institutions all over the world.
➢ Being a part of the ETHEREUM-LEGIT Organization, your digital assets could be used for all
transitions such as purchasing products or services from merchants who accept Ethereum-Legit.
How to contribute in Ethereum-Legit?You can contribute in various ways. Before launching the complete Ethereum-Legit ecosystem, we would
be conducting an ICO (Initial Coin Offering) for fundraising.
Here is a detailed description of how to start getting involved with the Ethereum-Legit Financial
Ecosystem.
Initial Coin Offering (ICO) is LIVEEthereum-Legit would be launching its ICO (Initial Coin Offering) on Dec 21st, 2017. The ICO period will
continue until Jan 21st
, 2018 after which token sale will be locked. Our ICO is a fundraising campaign
which is based on Ethereum Smart Contracts. To participate in our ICO, you must have Ethereum or
Bitcoin, which you will use to buy LEGIT tokens.
Ethereum Legit Token Sale – ICOIn this phase, we would be providing you with the main ICO which will perform an immediate exchange of
Ethereum Legit tokens from your contribution.
➢ People who wish to contribute or donate to support Ethereum Legit project will participate in the
crowdfund by sending Ethereum to the project’s address at.
ETH: 0xd3a8e64981175454dab0902b75df8437073e5f58
BTC: 1ESrbNAqvSgohAJVmLHoBG4WFkJxrBLAk8
➢ At the end of the ICO, each participant will receive LEGIT corresponding to the amount of ETH or
BTC they contributed. The more the number of Ethereum or Bitcoin that is raised during a
crowdfunding, the more valuable each token will be.
➢ After the crowdfunding ends, the tokens will be tradable on various exchanges where supply and
demand would determine its value.
➢ We use the fundamental concepts such as a cap, floor, escrow, audit, bonuses, and incentives to
protect crowdfund participants from unscrupulous projects, and avoid the Ethereum Legit from
inflation. Furthermore, application of these regulations would ensure that people trying to scam
the Ethereum Legit token holders of their hard-earned Ethereum Legit are remain unsuccessful,
and the token holders are rewarded for showing enthusiasm for the project. The value of hard cap
is kept as 4Million Ethereum-Legit.
➢ During the ICO, 2 Million of LEGIT would be sold to those who wish to contribute and to support
the LEGIT project development at 1 ETH = 500 LEGIT.
➢ You can contribute any amount above 0.1 ETH and LEGIT will be sent according to your
contribution.
➢ Minimum contribution is 0.1 ETH, any contribution below the 0.1 ETH will be considered as a
donation.
Token Distribution➢ 2 Million LEGIT to be sold to those who wish to contribute to the LEGIT project development.
100% of all funds raised during the ICO, go toward LEGIT development project.
➢ 500,000 of LEGIT to be distributed in airdrops, bounty and other promoting programs.
➢ 500,000 of LEGIT allocated for marketing and to raise awareness about Ethereum-LEGIT project.
➢ 500,000 LEGIT allocated for administration, offices maintenance and LEGIT running cost.
➢ 500,000 of LEGIT allocated for developers and team behind Ethereum LEGIT Project.
➢ We’re partially selling 2 Million of LEGIT because we need the funds to start development and to
list Ethereum-LEGIT in exchanges as soon as possible.
SPREAD THE KNOWLEDGE AND GET BOUNTIESPost about us on your current social media accounts and tell people what we are doing. If you are a
reporter or a journalist, write a newspaper publication about us. We are always happy to give an
interview and tell about our cause. Furthermore, you can be our team ambassador in your area and help
us market this social cause intended to reward everyone. You can also help us by being our early user and
convincing your inner (friends and families) and outer circles (far relatives) to join our network.
As a result of your involvement, you would get incentives and rewards with our tokens.
JOIN OUR TEAMThere are always work you can do. If you are interested in helping us, write to us, and tell what
you can do and how you can help us. For the work you do. We will pay you with our tokens, and
in the future, you may find permanent employment in our organization.
Contract Information
➢ Token Name: Ethereum LEGIT
➢ Symbol: LEGIT
➢ Decimals: 0
➢ Contract Address: 0xbAf9d121D6447B19e95f48FAd834a0dff1a92691
➢ Total Supply: 4 MConclusionEthereum Legit would eradicate the problem of the security, efficiency, acceptance and volatility which
are the major reason crypto currencies are not being adopted by the general public. It will provide users
with a Debit Card that will have would be accepted at more than 3 million points worldwide and enable
you to spend your digital assets by just converting it into Ethereum Legit both online & offline. You can be
part of this revolutionary project by contributing in the ICO (Initial Coin Offering) and sending funds to the contract address. You can connect with us by joining our telegram channel or following our Twitter
account.
Welcome to the Ethereum LEGIT Ecosystem:www.ethereumlegit.comwww.twitter.com/ethereumlegithttps://web.telegram.org/#/im?p=s1331351243_5277954646351913490https://etherscan.io/address/0xbAf9d121D6447B19e95f48FAd834a0dff1a92691https://etherscan.io/address/0xbAf9d121D6447B19e95f48FAd834a0dff1a92691#readContracthttps://ethplorer.io/address/0xbAf9d121D6447B19e95f48FAd834a0dff1a92691
