[ANN] [IEO] [p2pb2b] | 30% Bonus | L2L Token | Sustainable World

[ShadyMash]

Hello Citizen of this world,

With the Covid-19 situation we found out that our business is done globally and we are shipping goods around the world.

This global business harms environment, developing countries and create pandemics.

It also makes the banking industry richer, which is keeping all the people under their control.

Our freedom can only be achieved by first understanding of the financial sector and start using our own currency.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford -

We are building a new blockchain, a coin for the people to profit from the rising exchange rate by giving cashback for sustainable or local goods and services.

The blockchaïn has an extreme wealth and we want to give it directly to the people such as you and I, who need it most and have to work daily to make a living.

To build this blockchain to freedom we need a lot more users. Do you support freedom!?

Support us at:
2local
Airdrop
LATOKEN
P2PB2B

[ShadyMash]

​​2local IEO is in progress on P2PB2B

🔹You can buy L2L coins via BTC, ETH, USD, XLM, USDT
🔹Date: June 09 - July 18
🔹Bonus: 30%
🔹Participate in IEO: https://p2pb2b.io/token-sale/L2L/5

2local is an innovative blockchain powered loyalty platform that is tapping into banking to support sustainability and prosperity.

Learn more about the project:
🔹Website: https://2local.io   
🔹Twitter: https://twitter.com/2local1
🔹Facebook: https://www.facebook.com/2local2
🔹Telegram: https://t.me/Group_2local

[ShadyMash]

I see you also launched ICO and IEO, will there be an announcement where all the funds raised will be published? and if the funds you get don't reach the target, is there a further IEO or extend the duration until the funds obtained are sufficient?

2local Believes in Transparency. We will announce-
1-Fund raise
2-Total token in circulation
3-Burn token/unsold token
After end of IEO sale.

We are not allowed to disclose the amount raised on the exchanges till now.
We are going with our Roadmap.We planned an IEO on a Top Tier-1 exchange in Q4 2020 and expect to raise enough.

IEO ongoing!

Launchpad P2PB2B: https://p2pb2b.io/token-sale/L2L/1
Bonus 30%

Launchpad LATOKEN: https://exchange.latoken.com/ieo/L2L
Bonus 25% and Referral link available

Token Symbol: L2L
Token Price 1 L2L: 0.0017137 EUR
Min buy: $2.50
Hard Cap: $8M
Soft Cap: reached
Total Tokens: 20B
Participation Restrictions: U.S

for more details you can see here https://2local.io/docs/Whitepaper.pdf
or website https://2local.io

[ShadyMash]

COVID-19 makes governments lend money from banks on a gigantic scale.
Banks created the money out of nothing and we the people have to work
for it to pay it back with interest. We have to create value so the banks
can extract value. We are being controlled by money in the monetary system:
Goldman Sachs rules the world not the politicians. Our freedom lies in self-control
of banking and this is made possible with the blockchain. Don’t be deceived any longer.
Time to support our freedom.

2local of the people, by the people, for the people…

2local is doing a new round on LATOKEN.
 Our freedom lies at the one who is doing the banking.
 Time to support our freedom.
https://exchange.latoken.com/ieo/L2L

[ShadyMash]

When the L2L will be listed?

​​2local IEO is in progress on P2PB2B.
As per our Roadmap.We will list in a Top Tier-1 exchange in Q4 2020(December).

• 🔹 You can buy L2L coins via BTC, ETH, USD, XLM, USDT
• 🔹 Date: June 09 - July 18
• 🔹 Bonus: 30%
• 🔹 Participate in IEO: https://p2pb2b.io/token-sale/L2L/5

2local is an innovative blockchain powered loyalty platform that is tapping into banking to support sustainability and prosperity.

Learn more about the project:

• 🔹 Website: https://2local.io  
• 🔹 Twitter: https://twitter.com/2local1
• 🔹 Facebook: https://www.facebook.com/2local2
• 🔹 Telegram: https://t.me/Group_2local

[AmoreJaz]

just by browsing the last posts here in this thread, seems that they are hyping this with noobs. is it because they are running their IEO in p2pb2b? dont expect that they will raise good amount of money as this exchange has relatively bad reputation and i dont think many investors will risk their money buying this token on this exchange.

[ShadyMash]

2local Solutions and Goals for a Better World

2local is happy to contribute to the growth of a better world, with the sustainable development goals of the UN as its guideline. We strive for thriving communities, societal growth that includes everyone, a sustainable world without malfunctioning of the monetary and economic system and prosperity for everyone worldwide. The forthcoming IEO will serve as a step to achieving these goals.
 
 
L2L Token
We want to do this by creating our own sustainable token, a digital currency attached to the blockchain technology. This sustainability-focused cryptocurrency, the L2L token, maintains a stable yet rising exchange rate, by using the buffer between tokens and USD. This means the token can be a stable payment method.
 
Cashback System
2local invented a unique cashback system. Tokens are rewarded to people who support local and sustainable companies by buying their services and goods with L2L tokens. A small fee from each transaction gets collected and divided amongst those buying locally and sustainably. By applying a maximum per person to this cashback, we want to make sure that the most needy get the most.
 
Revenue
2local buys the L2L token from the official exchanges one month before providing it in the app. This will generate revenue for operations and the cash-back system. The cashback graph shows the revenue for operations.

 
Algorithm-backed Token
Through the sale of L2L tokens, proceeds become available and are stored in a deposit foundation. 2local keeps a reserve of L2L tokens and fiat money to keep the price of L2L steadly climbing. An algorithm monitors the price of L2L. Basically, it will sell L2L when the price rises too much and will buy L2L when the price falls.

 
Cashback
We want to use this coin to promote cooperation between sustainable producers and customers. We do this by offering a cashback system, where consumers are rewarded if they buy from affiliated local and sustainable companies. We want to create a network between consumers and companies, who are committed to the sustainable 2local ideology. From every transaction with L2L tokens (purchases and exchanges), a small fee percentage is withheld by the 2local system. We use these L2Ltokens with the value rise of the L2L tokens to promote cooperation between sustainable producers and consumers. We do this by offering cashback, by which consumers are rewarded if they buy local and sustainable products from connected companies.

The amount of cashback that a buyer receives each month increases more than proportionately with his purchases until a certain amount of purchases per month is reached. People spending more than this amount of purchases receives the same fixed amount of cashback. This fixed (maximum)amount of cashback is calculated as the cashback fee times the average purchases per wallet. The purchases from which people receive no more than this maximum amount of cashback (tipping point) is flexible. For the time being, it will be set at the value of two times the average purchases per wallet.
 
Connected Companies
2local wants to contribute to a sustainable world. The sustainable development goals of the UN serve as a guideline. 2local endorses all objectives but mainly wants to contribute to a world without poverty and hunger and with good health and well-being. Clean water, sanitation, and affordable and sustainable energy are indispensable. It is about reducing inequality with responsible consumption and production (no unnecessary transports).

2local is committed to innovation and sustainable business with care for the environment and climate, fair work, and economic growth. With this, 2local wants to contribute to a new global partnership necessary to achieve the UN objectives. In addition, action is needed by everyone! Companies that can prove that they produce locally and sustainably can get a 2local note in their wallet. This allows people who buy from them to receive L2L tokens that can be exchanged for coins up to a certain maximum (once a month). To be eligible for a 2local note, companies can register at https://2local.io and complete a questionnaire. For example, these can be companies affiliated with organizations that possess sustainability characteristics or that produce regional products. The 2local team decides which organizations will receive notes. Once issued, a note can be withdrawn.

[asriloni]

just by browsing the last posts here in this thread, seems that they are hyping this with noobs. is it because they are running their IEO in p2pb2b? dont expect that they will raise good amount of money as this exchange has relatively bad reputation and i dont think many investors will risk their money buying this token on this exchange.

Did you remember there were some exchange sites that have manipulated the result of their IEOs? I guess if that can be applied into this one too.
It seems like the altaccounts have already made to create its own conversation to shilling for p2p. I'm also feeling doubtful

[ShadyMash]

just by browsing the last posts here in this thread, seems that they are hyping this with noobs. is it because they are running their IEO in p2pb2b? dont expect that they will raise good amount of money as this exchange has relatively bad reputation and i dont think many investors will risk their money buying this token on this exchange.

2local platform is running extremely well. The Website,Whitepaper,Blogs,Apps are available (https://2local.io/).
Website is available in 12 languages which worked with IP's (Automatic fetch language by Country).
For mobiles an account with wallet for members, KYC Check, MVP 2.0 Android and iOS apps are operational. Crypto and fiat money is accepted.
There are about 35k verified account holders. 2local is very much active on social media in 26 languages with a 130K+ community of potential users and 65 experienced social community managers.
The 2local platform is ready to take the next step: developing a marketplace app, a new build blockchain 3.0 with cashback system and multi-currency wallet, and coin design for a rising exchange rate. 2local invites you to actively participate in the follow-up process and take part in testing the system.

https://icobench.com/ico/2local Rating- 4.8/5
https://allicolister.com/icodetail/2local Rating- 5/5
https://icomarks.com/ieo/2local Rating- 9.7/10
 
Be part of this revolution and save people and planet by achieving a sustainable and prosperous world!
 
Please contact us via info@2local.io.
 

As per our Roadmap.We will list in a Top Tier-1 exchange in Q4 2020(December).

2local IEO is in progress on P2PB2B.
     You can buy L2L coins via BTC, ETH, USD, XLM, USDT
     Date: June 09 - July 18
     Bonus: 30%
     Participate in IEO: https://p2pb2b.io/token-sale/L2L/5
2local IEO is in progress on LaToken.
     You can buy L2L coins via BTC, ETH, XLM, USDT
     Date: 16 Jun - 31 Jul
     Bonus: 25%
     Participate in IEO: https://exchange.latoken.com/ieo/L2L


2local is an innovative blockchain powered loyalty platform that is tapping into banking to support sustainability and prosperity.

Learn more about the project:

     Website: https://2local.io  
     Twitter: https://twitter.com/2local1
     Facebook: https://www.facebook.com/2local2
     Telegram: https://t.me/Group_2local

[ShadyMash]

You are capable to link sustainable or locally working companies and 2local. We invite you to become a 2local representative and you will get a prosperous deal.

The Connected Companies will get, from the tokens sold with their affiliate link:

   10% in USD
   10% in L2L tokens

As 2local representative you will receive:

   5% in USD  
   10% in tokens

Your photo with LinkedIn link will be visible at the 2local website.

Valid until the last IEO we do at a Top Tier-1 exchange, now planned in December 2020.

Fill the Form- https://lnkd.in/gSTsgEh

[ShadyMash]

2local is building a loyalty platform to be the first to give the wealth of the blockchain back to the people who are holding and using the 2local (L2L) currency for purchasing sustainable or locally produced products and services.

Building a dedicated blockchain with a design for a rising exchange rate by a predetermined coinflow and the use of a smart trading algorithm. Creating value with the people and giving it back with a cashback.

This is descripted by an investor as ""The Holy Grail of the Blockchain"".  This blockchain revolution can make the people to lead them self into a new era of freedom and self-control.

To reach our goal we need a lot of people supporting us even a little will help us much, every support counts, your support counts.
We can only succeed with your help and helping us is also helping yourself with getting a high return and a blockchain for the people.

People will tell it is impossible for many reasons, but it is really the opposite 'it can't be stopped' and can grow big fast when most of the people want it.

2local of the people, by the people, for the people.

Learn more about the project:

     Website: https://2local.io 
     Twitter: https://twitter.com/2local1
     Facebook: https://www.facebook.com/2local2
     Telegram: https://t.me/Group_2local

[ShadyMash]

Hello there!

2local is building a loyalty platform to be the first to give the wealth of the blockchain back to the people who are using the 2local currency for purchasing sustainable or locally produced products and services.

Developing a dedicated ultrafast blockchain with a design for a stable rising exchange rate by a predetermined coinflow and the use of a smart trading algorithm. Not profiting from the people but creating and sharing value with the people.

- The Holy Grail of Blockchain -

Our project and its implications is in line with the blockchain revolution. In short, we return the wealth of the blockchain to the people who use 2local. To realize our project we are in search of representatives in all countries to connect companies who are sustainable or working local 2 local. https://cutt.ly/2representative

To support us you can find us on the exchange at P2PB2B https://cutt.ly/p2pb2b or LATOKEN https://cutt.ly/2latoken and at our 2local website https://cutt.ly/2localIN, PayPal is accepted.


Will you join us and and help make the blockchain revolution successful for all?

[ShadyMash]

Get started yourself!

Break through the COMBI-Complex with cryptocurrencies from 2local and a cashback for local and sustainable products.



In the neoliberal economy, governments, international banks and multinationals are too closely intertwined. I call this Combination of governments, Multinationals and Banks that operate Internationally the COMBI-Complex! This leads to an unstable economy with unfair competition worldwide and results in continuing inequality and unrecoverable environmental and climate damage. We are currently dealing with social, environmental and climate crises, depletion of natural resources, hunger, malnutrition and poverty, exceptionally high rents and house prices and rising healthcare costs. These challenges seem very different in nature, but they are all due to the malfunctioning economic and monetary systems of neo-liberalism and governments that do not respond adequately. In the COMBI-complex governments, multinationals and international banks protect each other, but they also have a stranglehold on each other. Solutions will not come from these parties. We have to get to work ourselves and shape the world ourselves. So, take the initiative into your own hands, together with the platform 2local.



Multinationals

Large companies operate internationally. They hardly invest in productive activities, but instead buy their own shares and swallow up small promising companies or prevent them from entering the market. It kills healthy competition. Major players disrupt the production of local entrepreneurs. In this process, they apply different tactics. People are constantly seduced by convincing advertisements to consume more for as little money as possible. The market power of the large companies suffocates. A handful of large companies control most of the world trade, with many unnecessary shipments around the world creating environmental and climate disadvantages. There is no longer any question of free trade. Multinationals are mainly about the value of their shares, not about the value for consumers or their employees. These large companies, with offices in many countries, source raw materials where they are cheapest. They strategically locate where they will most benefit from material supply, infrastructure, labor costs, resource availability and legal aspects. This creates a constant pressure to produce more and do it cheaply, with more resource depletion, waste and environmental pollution. The standards and rules of large companies are mainly aimed at strengthening their position. They do not hesitate to switch to deception, corruption, cruelty, shamelessness, money laundering and tax avoidance. For example, multinationals, such as Shell and Philips, can enjoy public goodwill by insisting on effective climate policies while ensuring that this does not happen, by engaging in activities such as hiring 75 lobbyists through the European Chemical Industry Council (ECIC), as Ewald Engelen writes in the Groene Amsterdammer of 9 October 2018. To bring the head quarters of Unilever to the Netherlands, politicians promised dividend recipients an insane amount and defended the move without arguments. Because shareholders did not like the move to the Netherlands, a phone call from the top Unilever boss to the prime minister was enough to stop the move plans and politicians were accused of deliberately damaging the b



International Banks

The global monetary system facilitates this undesirable state of affairs, creating even more mega companies and mega banks with less diversity. Money is created because individuals or companies are in debt with a bank. Money creation and payment transactions are public tasks, but are carried out by commercial internationally operating banks. They can take too much risk and overshoot. Then the system crashes, as we saw in 2008. This leads to an unstable economy. Since money can be created from nothing, more money is created, which reduces the value of money. Inflation is taking place, prices are rising and more must be paid to buy products and services. In this way people are deprived of their wealth. Banks, as well as companies such as KLM, are becoming "too big to fail" and lobby for low taxes, low interest rates and high subsidies. The financial sector is increasingly dominating the economy. The 2008 monetary crisis, for example, has sharply exposed the imbalance of the financial world. The shareholders of the banks did not pay for the deficits - the taxpayers did. After the 2009 financial crisis, radical changes were expected, but none came. The ‘oversized’ banks were not broken up. They have even grown in many countries. Central banks are also at fault. They stuffed the banks with free money. The ECB buys government bonds from banks, resulting in lower interest rates and larger money supply. Hundreds of billions are bought. That will be on the ECB's balance account. These debts must be repaid with tax revenues. This leads to huge imbalances within Europe. The South of Europe is in debt and the North has money left over. A democracy must be able to exercise power over money, otherwise it is a faked democracy. The interest has been extremely low for 7 years, with adverse consequences for pension funds, among others. Low interest rates make high debt more bearable in the short run, but exacerbate the long-term problem. Under this model, consumers have no problem with taking on higher debts, but that high debt will persist when interest rates rise again.



The interest to be paid on all debts eventually leads to a transfer from the lowest 95% of the population to the top 5%, who use it again to invest, which increases inequality. In fact, Credit Suisse reports in the 2016 Global Wealth Databook that the richest 1% has more wealth than the rest of the world. The rich take care of each other - they continuously scratch each other's backs and keep their "closed" networks. Eight people together now have more wealth than the poorest half of the world. Due to increasing income inequality, wages are lagging and more people are "excluded" from participation in society. The growing income inequality makes the rich richer and the poor poorer. People become desperate and choose "me first" to survive. The feeling of powerlessness has become a mass movement that feeds and maintains the crises. This also means that people retreat to their "safe" environment and stand up for the interests of their "own" groups. Both the rich and the poor protect themselves from other groups.



Governments

Multinationals and international banks are using their dominant position and putting pressure on governments by enforcing to leave the country where they are located. They threaten to leave the Netherlands if they don't get their way, like ING, who, according to De Volkskrant of 2 November 2007, pressurized to leave the Netherlands if the business climate did not improve. On the other hand, they knocked on the door of the Dutch government when things went wrong, as did ING in 2008. Multinationals divide operating income and costs between countries, to ensure that they pay little or no tax. The authorities are involved in keeping the establishment of these companies within national borders. Companies such as Shell and Philips do not pay corporate tax in the Netherlands. 71 economists argued for a CO2 tax (Jan 2019), but that tax was not discussed at the industrial tables of the climate agreement. The banking world is involved in money laundering and various other legal violations, including Libor. The government must keep these mechanisms under control by setting rules. But that hardly ever happens. Governments release the financial sector, focus on growth, ignore the necessary climate impact and show a preference for free trade. Governments measure their success by the number of large companies that set up within their borders. That is why they have a low income tax. In a European context, large companies are encouraged to grow so big that they dominate European markets (economic nationalism) and can thus measure up to Chinese state capitalism. At this level, competition is fierce: US authorities are tackling European car manufacturers, while European authorities are tackling US technology companies. Everything big is getting bigger and regulators and legislators are on a leash with those bigger companies.



Solution: take the initiative into your own hands, together with the platform 2local

It is often argued that the government must 'adjust' the failures of the malfunctioning economic and monetary systems. As discussed earlier, this solution will not come from the government. We have to get to work ourselves. We have to shape the world ourselves. That was also the conclusion of the first episode of "The Philosophical Quintet" of June 28, 2020 on the theme "Power, Media and Manipulation". Take the initiative yourself, together with the 2local platform:



1.2local works with its own cryptocurrency, based on its own blockchain, with which mutual payments can be made easily, cheaply, digitally and quickly, also internationally. It is ensured that the cryptocurrency steadily increases in value. The (international) banks will therefore have less influence. The new cryptocurrency - L2L - will in practice act as a local currency, while maintaining a global connection. With the new system, local operations are connected to the entire world while benefiting from the benefits of proximity, sustainable transportation and better short-chain control. With the introduction of 2local, we are removing the ease with which banks exercise their monopoly position. In fact, they are no longer indispensable in society. The system requires a minimal contribution from all all people who pay with L2L coins. On the other hand, 2local provides periodic payments of L2L coins up to a certain maximum to all people who have purchased goods and / or services from local companies. This way everyone has access to a certain package of coins. Cryptocurrencies can be issued outside of government or other agencies to help the people who need them. No intermediaries are needed, as is the case with other initiatives. That is why cryptocurrencies even pose a threat to the banks and the financial sector. That’s why banks want to prevent the introduction of cryptocurrencies. Several local currency systems have been developed in the past to counteract the disadvantages of the global financial system outlined above, such as LETs. The cryptocurrencies will do much better in this regard.



2. 2local facilitates local and sustainable initiatives by setting up a digital Marketplace where producers and consumers can meet. The power of multinationals will lose considerably as a result. Dissatisfaction with the disproportionate power of large companies is increasing. 2local wants to change this situation by supporting smaller companies, consumers and individuals in their economic and financial decisions and transactions, giving them more control over their lives. Many authors seeking to resolve the crises we are currently facing point to a bottom-up approach that focuses on the local level. For example, the International Food Policy Research Institute (IFPRI) says, "To transform the global food system and sustainably feed the world, you have to start at the local level." By placing the local concept in a global perspective and linking it to elements of a type of basic income, we want to realize a new world. This implies a shift to smaller, localized production and distribution of goods and services. It means more personal cohesion between people, less polluting transport around the world and easier quality controls (via short chains instead of long global chains that are not transparent). People who are struggling and have little money, but buy local products, receive compensation. This stimulates everyone's involvement in the local economy.



3. By introducing a cashback for local and sustainable products, people with less money also have access to sustainable products. This will increase sustainability and prosperity in the world. Check the 2local website - https://2local.io/ - and sign up.



Harry Donkers
CSO & Co-founder

[ShadyMash]

2local is an innovative blockchain-2.0 powered loyalty platform that is tapping into banking with L2L-coins which are designed to rise in value. The goal is to achieve a sustainable world with prosperity for all.

The  2local  platform  has  a  payment  app  with  a  decentralized  L2L-wallet  that  is  a  marketplace  for  consumers  to  connect  with  local-2-local  and  sustainable  companies.

Using the L2L coins at these connected companies will result in a monthly cashback and  a  rise  in  the  value  of  the  L2L  coins  that  will  cut  out  high  transfer  costs  and  provide a free loyalty program.

A  1%  fee  is  charged  from  every  transaction  and  this  is  used  in  the  cashback  system. Monthly purchases of a small amount will result in a proportionally higher cashback. This cashback is bound to a maximum so that the neediest will profit the most.

2local uses its L2L-coins for payments in order to create liquidity on a large scale. Every new user of the L2L-coins will increase demand. This combined with the high liquidity  will  result  in  a  rise  in  the  value  of  the  L2L-coins.  2local  buys  the  L2Lcoin  from  the  exchange  with  a  smart  algorithm  that  is  designed  to  keep  the  course  rate  climbing  steadily.  The  course  rate  for  members  will  always  be  1%  below  the  external exchange rate. 2local keeps the coins in storage for a month in order to profit from the interest, and this will be added to the cashback system.

All  connected  companies,  even  the  small  ones,  will  benefit  from  a  free  loyalty  program  for  their  customers  that  has  the  unique  possibility  of  converting  the  cashback  into  fiat  money.  The  current  extremely  high  transaction  costs  drop  to  only 1%, which is easily regained by the rising value of the coin.

2local  rewards  people  who  buy  local-2-local  and  sustainably  in  two  ways;  first  by  offering  a  monthly  cashback  for  buying  at  the  connected  companies  and  secondly, through an L2L-coin that is designed to rise in value. Using the L2L-coin results in a coin with a climbing rate that is beneficial for everyone who uses the L2L-coin,  especially  small  spenders  because  they  proportionately  receive  the  most cashback.

2local  rewards  connected  companies  twice  by  turning  transfer  costs  into  a  beneficial value rise and by creating more loyal customers with the loyalty program. Buying local-2-local strengthens your own community, which is beneficial for both the people and companies in a community, and it also supports the neediest all over the world.

With  this  unique  innovative  banking  system,  we  are  able  to  create  equity  and  equality  amongst  people,  closing  the  gap  between  population  groups  and  creating a sustainable world.

[ShadyMash]

"2local is building a loyalty platform to be the first to give the wealth of the blockchain back to the people who hold or use the 2local coin (L2L) for purchasing sustainable or local products or services.

Building an own ultra-fast blockchain with a design for rising exchange rate by a predetermined coin-flow and the use of a smart trading algorithm.

2local of the people, by the people, for the people."



Last chance to get 30% bonus and fully unlocked tokens. The final round of 2local first IEO

https://p2pb2b.io/token-sale/L2L/6

[ShadyMash]

"Hello!
2local has upgraded the 2local platform.
We are developing our 2local platform continuously. When we were implementing the new
payment flows we encountered some difficulties.
Instead of restoring the old situation we put all our energy in getting the upgrades online.
And we did it!
What is new at our 2local platform:
1. New contract at Stellar.
2. Improved payment flow.
3. Improved security.
1. New contract at Stellar for a new L2L token. It was not only a final rehearsal for when we
switch to our own blockchain in December this year, also giving everyone a new wallet.
We made a new L2L token and the contract number can been seen in your wallet, it is:
GAPUWB6X6QZCMRWOBANIGE5BP2WE6T4KL4ETQM2YNIMZGP2ZQOAAJKKY
We are adding the balances in stages and it can take up to August 17th to be added in your
wallet.
2. Improved payment flow. In the past the handling of purchases of L2L tokens with
cryptocurrencies happened afterwards, frequently not completing at all.
Now a Popup opens and should only be closed when the message appear:
Success, Tokens successfully transferred.
Try it now!
3. Improved security and all your data on our server. This combined with a new L2L wallet
makes the 2local platform even more secure."

[ShadyMash]

Cryptocurrencies of 2local
An alternative to our unstable money system and an incentive for local and sustainable initiatives through cashback

Our market system has shortcomings. Regional governments / democracies cannot cope with internationally operating companies. Moreover, international banks cannot be tackled by national governments. The international intertwining of governments, international banks and multinationals means that inequality continues to exist worldwide and irreparable environmental and climate damage is caused worldwide. That is a major shortcoming of our economic system. In my Blog ""Get started!"" I explained that we can break through this so-called COMBI-Complex, i.e. the Complex of gOvernments, Multinationals, and Banks that operate Internationally, with cryptocurrencies of 2local and a cashback for local and sustainable products. In this Blog I will discuss our deficient money system and show that 2local cryptocurrencies are an alternative to this and that multinationals are put on sidelines by the 2local cashback system that stimulates local and sustainable initiatives. Governments will also see the benefits of this innovative cryptocurrency system..

Our monetary System shows a lot of failures. Money creation is done by private companies, namely by the banks. Money is created by making debts. Banks determine who will initially receive this money for what and under what conditions. They then tax it with interest. Debts must be repaid and interest must be paid on top of that. This is only possible with economic growth. The question is how long this can continue, given the pace at which we are exhausting the raw materials and consumables on Earth. To stop environmental pollution and climate change, we will also have to limit economic growth. In finite world, continuous economic growth cannot exist without crashes.
At the moment people are forced to deposit money with the commercial banks, with the result that they are at risk. Everyone who has money in the bank invests in banks, whether he / she wants it or not. This puts everyone who now has money in the bank at risk. In a bank run, the bank can go bankrupt..

Money creation is done by international commercial banks. This will irrevocably lead to two conflicts:
- conflict public - private; Banks are commercial institutions. The commercial banks want to make as much profit as possible and run great risks, for example by raising the total private debt far too high. These are now even higher than before the crisis. So, commercial parties are aimed at making a profit, while public interests are at stake. Money and payments, payment infrastructure, lending and financial stability, and monetary policy are a public task. Public interests are now managed by commercial institutions. That is inconsistent.
- conflict national - international; The banking sector has an oligopolistic position in the economy. The three largest banks currently own 75% of the financial sector. International banks have too much power, they cannot be called to order by national governments, which are responsible for public tasks. The size of the balance sheets of the three largest banks in the Netherlands has only increased since the crisis.

The financial system is unstable and reckless. It constantly leads to new crises. Banks do stupid things when supervision is insufficient. Then the system crashes, as we saw in 2008. Money is created by contracting debt. Debt holds us in a grip and puts the economy into stagnation. There is a large amount of debt that can no longer be paid. Then the problems are put to the public sector. And the system is about to burst. Suspended assets are sold to the ECB. This constantly leads to tensions, which regularly lead to crises. The money system dominated by banks falls short of service to society. It disrupts the market. It turns out to be out of control and leads to instability and inequality. This undermines society and democracy.

We must distinguish between:
1. Money creation, for example companies are financed by the banks. Businesses receive money from the bank, which the bank created out of thin air. The companies therefore have a debt to the bank. We must create money without being guilty.
2. Lending, based on market principles, is risky / risk-bearing. This includes that they can go bankrupt.

In order to grind the money system more stably and to function better, the ‘Our Money Foundation’ has put forward ideas that result in the need for a new bank that ensures that we can pay and save safely, and to set up a safe payment and savings bank. (digital sock). The money press should not belong to commercial parties., but serve public interest. The new bank has a kind of utility function and is part of the public sector. The bank makes it easy for us to transfer cashless funds, debit card payments and take advantage of and save all the digital conveniences without running any risks. It's about safe parking of money and free savings. Hoarding money is also not the intention, therefore we should offer the credits for the citizen for free, seen as a utility, but start to tax progressively from a certain amount.

An action by ‘Our Money Foundation’, in collaboration with the theater group ‘De Verleiders [The seducers]’ and writer / economist Ad Broere, has led to a citizens' initiative, a report by the WRR (Scientific Council for Government Policy), a motion by member of parliament Mahir Alkaya and various parliamentary debates. The public debate about the money system led to a broad consensus that there should be a safe alternative to the bank account, to allow account holders to freely choose whether or not to make their money available to banks, to increase the diversity in the banking landscape, forcing banks to behave more responsibly, to make the money system more manageable; and stabilize the money system.

The government, as well as the WRR in its report 'Money and debt' in January 2019, think that:
- banks are only needed to deal with savings and payments,
- the total amount of private debt is far too high,
- the large mountain of debt is causing instability and unbalanced economic growth
- the options for dealing with crises are limited and controversial
- instability is inherent in the financial system,
- there is an imbalance between public and private
- the combination of private activities and public functions creates permanent tensions, which are inevitable,
- the position of the citizen should be strengthened.

Although the government and the WRR largely agree with the criticisms, there are still no proposals to tackle this problem structurally. In June 2019, the Minister of Finance informed the House of Representatives that the cabinet sees insufficient reasons to set up such a bank itself.

Good ideas to change the monetary system, such as the 'Our Money Foundation' initiative with the establishment of a safe payment and savings bank, therefore have no chance and / or are adjusted so that they fit into the Combi complex, ie the Complex of gOvernments, Multinationals, and Banks operating Internationally.

The only thing the government is considering is to offer citizens the opportunity to open a cashless account with ‘De Nederlandsche Bank [Dutch Central Bank]’. The Dutch Central Bank can then offer payment accounts and also make it possible to save at The Dutch Central Bank. For this, the Dutch Central Bank and the European Central Bank must first agree. However, there are major objections to this, because The Dutch Central Bank is a banking supervisor and would therefore also become a supervisor of itself, which is of course not possible. Still, the Dutch Central Bank investigated the possibility of its own digital currency, following Facebook's plan to introduce its own crypto currency, the Libra. The government believes that the deposit guarantee (guarantee up to 100,000 euros) offers sufficient security to citizens. Moreover, the government believes that there are disadvantages to the ‘Alkaya system’, as it is also not safe, because in life there is nothing safe! In addition, rules are already set for banking. And, says the minister, suppose it is a success, the banks will pay for the costs of the public institution. The government therefore prefers to use controversial measures, such as interest rate cuts and bond purchases, and possibly even more controversial measures, such as monetary financing of government expenditure. The WRR says that containment of systemic risks will only work to a limited extent.

However, there is a solution:
Take the initiative together with the 2local platform. The 2local platform is an innovative blockchain powered loyalty platform using cryptocurrencies, which offers a cash back and a smart marketplace that connects local and sustainable companies and consumers. Payments can be made easily, cheaply, digitally and quickly, also internationally. The 2local platform has three key points:
1.   A cashback for local and sustainable products, by which people with less money also have access to sustainable products. This will increase sustainability and prosperity in the world;
2.   The cash back system is integrated in the own blockchain of 2local;
3.   The value creation of 2local is shared with people who actually use the cryptocurrencies of 2local.



Harry Donkers
August 18, 2020

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The increase in the US dollar money supply has accelerated sharply since the 2008 crisis, with a huge increase in 2020.
Indeed, the Fed has just increased the money supply by $3 trillion since March 2020.

This endless monetary inflation prevents the stabilisation of the world economy.
Worse still, it is making the ultra-rich ever richer, while the poor are living in increasingly difficult conditions.

Since money can be printed in unlimited quantities, governments take advantage of this to borrow more and more money. The current system is built on this notion of debts that never stop growing.

Money is being created when someone is taking a loan. With interrest banks are asking more money in return than created. So it is impossible to fully repay our debts the only thing to do is lending even more money to repay.

Find out how we do it different with our innovative 2local system. https://2local.in/

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A local focus prevents deforestation and forest and nature fires




Enough farmland to ensure a healthy diet for all people, improve global biodiversity and limit climate change in 2050

There is enough agricultural land on our planet for local and sustainable production of a healthy diet for all people now and also in 2050. The intensive global farming systems (with a lot of chemical pesticides and fertilizers) from the rich countries are therefore not needed to produce enough food to satisfy to the world population in 2050, as is often claimed. With six steps we can ensure that everyone in the world has access to sufficient and healthy food, which improves biodiversity and mitigates climate change. We make a distinction between rich countries, emerging countries and poor countries. All will have to contribute to this, but their contributions are different.
 

The table below shows that an area of ​​agricultural land per capita of 6,950 m2 in 2010 and 5,086 m2 in 2050 is available worldwide. This reduction is due to the increase of the world population of 36% between 2010 and 2050.

Available agricultural land per capita


Source: María José Ibarrola Rivas, 2015. The use of agricultural resources for global food supply, Understanding its dynamics and regional diversity

An average US diet requires 9,600 m2 per capita. That is now achievable in the rich countries, but not in 2050 either. That is not a bad thing because meat consumption in North America is much too high for a healthy diet. If we reduce this diet to half the animal protein consumption, the land use required is still 5,280 m2 per capita. A vegetarian diet requires 4,992 m2. (World Resource Institute. Sustainable Diets: What You Need to Know in 12 Charts. http://Https://www.wri.org/blog/2016/04/sustainable-diets-what-you-need-know-12-charts). By maintaining the current amount of agricultural land in 2050, more than half a hectare of agricultural land per person will be available worldwide. In principle, that is sufficient to feed all people in the world.
 

To provide the growing world population with sufficient and healthy food, improve global biodiversity and limit climate change, we must take the following measures: 1. Stop globally with expansion of agricultural land, 2. Eat less meat in rich countries, 3. Switch to local and organic farming globally, 4. Close production gaps with information and aid programs for poor countries, 5. Reduce waste and 6. Ensure fair regulated trade.

 

Sub 1. Stop global expansion of agricultural land
The agricultural land available per capita in the world is skewed between the poor and the rich countries. In 2010, the 15% of the world's population in rich countries has more than double the surface area in poor countries, where almost half of the world's population lives. And in 2050, 12% of the world's population per capita in rich countries will have more than three times as much agricultural area as in poor countries, where then 57% of the world's population will live.
 

The figures in the table show that in poor countries there is not enough agricultural land available to produce a diet with a limited amount of meat, not even sufficient for a vegetarian diet, not in 2010 and surely not in 2050. In rich countries, on the other hand, more agricultural land is available than would be necessary for the average US diet, with a large over-consumption of meat. This crooked situation must change. This could be achieved by increasing the amount of agricultural land in poor countries, for example through further deforestation. This is not an option globally. The world's biodiversity would decrease drastically. Moreover the carbon stored in the forests will be released as greenhouse gases (CO2 and methane) with an adverse effect on climate change. Conversely, combating climate change will have a beneficial effect on some ecosystems, such as corals, which are very vulnerable to climate change. Even if the current rate of deforestation continues - currently between 15 and 20 million ha per year (see my previous Blog: A local focus prevents deforestation and forest and nature fires) - this inequality will continue to exist. In that case, the inhabitants of rich countries will still have more than 2.5 times as much agricultural area per capita in 2050 as those in poor countries. Other ways must therefore be found to balance the shortage of agricultural land in the poor countries with the surplus in the rich countries.

 

By not increasing the amount of agricultural land, biodiversity is maintained. Rich countries also benefit from this biodiversity, which is mainly generated in poor (and emerging) countries. They will have to provide compensation to poor countries. It is therefore necessary to achieve a trade-off between poor and rich countries: food produced in rich countries is exchanged for biodiversity generated in poor countries. The food shortage in poor countries will then be eliminated and global biodiversity will be maintained. To improve biodiversity, rich countries still have the task of organizing their own food production in a nature-friendly way. Solutions for this are conceivable in various ways; see Sub 3.

 

Moreover, by not expanding the agricultural land it is achieved that CO2 remains stored in the forests and therefore does not contribute to global warming. There is therefore no need to expand agricultural land, but the current available farmland should not be reduced, for example by producing biofuels for energy production. The use of agro energy and biofuels means putting the cart before the horse. Other methods, such as use of wind and solar energy, are better off for energy generation without damaging biodiversity and climate.

 

Sub 2. Eat less meat in rich countries
Intake of red meat in North America is about 625% of the Lancet reference diet (The Lancet, 2019: Food in the Anthropocene). This observation calls for a switch to diets with less meat in rich countries. For a healthy diet it is therefore necessary to minimize meat consumption. Because the production of meat requires much more agricultural land per calorie than the production of plants, the pressure on agricultural land and the pursuit of high production levels in rich countries therefor decreases. As a result, opportunities exist in rich countries for more extensive production methods with more biodiversity, such as local and organic production. Moreover, in rich countries opportunities arise to supply products to poor countries for their necessary supplements for a healthy diet. See also: https://ourworldindata.org/yields-and-land-use-in-agriculture. Rich countries provide poor countries with a compensation for the biodiversity they generate, that poor countries can use to pay for the products delivered. By eating less meat, at the same time there will be less greenhouse gas emissions from cattle farming, which will limit climate change.


Sub 3. Global switch to local and organic farming
Local and organic farming can offer farmers an income and at the same time protect the fertility of the soil (e.g. through crop rotation, intercropping, polyculture, green crops, mulching, minimal tillage), close nutrient loops locally and maintain the local flora and fauna. This (and the absence of chemical pesticides and fertilizers that use a large amount of energy) promotes biodiversity, environment, landscape composition, liveability of communities and human health (see my previous Blogs: Local sustainability and Engage locally to connect globally). In addition, Halberg and others in 2006 and IFOAM Organics International in 2008 also base this on broader ethical considerations. Moreover, the disappearance of intensive farming methods reduces greenhouse gas emissions. Around 20% to 30% of global emissions come from agriculture (The Netherlands Environmental Assessment Agency: Food, biodiversity and climate change, 2010) and mainly from intensive agriculture in rich countries. Nitrogen (N) fertilizers are of key importance in intensive conventional agriculture. Their use is a major cause of concern with respect to environmental pollution. Most phosphorus (P) addition to watersheds is from fertiliser use in intensive agriculture. Use of chemical pesticides (containing harmful elements like cadmium) troubles pollinating insects and human health. That is why global switching to local and organic farming is needed, both for rich countries, emerging countries and poor countries.

 

Sub 4. Closing production gaps with information, extension and aid programs for poor countries
The global switch to local and organic farming will lead to a fall in production yields in the rich countries during a - rather long - transition period due to an expected yield gap. In general it takes about 10 to 15 years to turn the depleted soils back into healthy soils with an active soil life and to generate sufficient yields again. Given the relatively large amount of available agricultural land in the rich countries, this can be compensated. Moreover, less waste can make a contribution here; see Sub 5. In poor countries a production increase is possible, not by using chemical fertilizers and pesticides - which would again destroy the achieved biodiversity gains and accelerate climate change - but by narrowing the yield gap, which in the poor countries can still be considerably improved with information and aid programmes.


Sub 5. Reduce waste
With regard to the food system, it is worrying that 30 to 40% of the food produced on agricultural land is wasted. Researchers like Smil and others estimated that in rich countries 15 to 20% of the food produced goes directly from the refrigerator into the waste bin. A FAO report of 2013 estimates that food waste amounts to no less than 1.3 billion tons, adds 3.3 billion tons of greenhouse gases to the planet's atmosphere, and is good for an economic loss (excluding fish and seafood) of $ 750 billion a year.


Sub 6. Ensure fair regulated trade.
We will also have to use the relatively larger surface area of ​​agricultural land in rich countries to make food available to poor countries. There must therefore be an export from the rich countries to the poor countries. Conversely, there will always be products that the rich countries want to consume and that only grow in the poor countries or can grow there better or more compactly. On balance, more will be exported from rich countries to poor countries than vice versa. A trade deficit will therefore arise in poor countries. This can be compensated with payments from rich countries to poor countries for the conservation of biodiversity by poor countries.
 

To achieve these goals, regulated trade will be necessary. Liberalization and protectionism of trade in agricultural products between rich and poor countries is therefore out of the question. Currently farming in poor countries is being displaced by subsidized imports. That dumping must stop. Protectionism is also condemnable. It is a form of selfishness of the rich countries by refusing products from poor countries and get access to their markets. What is needed is about regulating the market in such a way that only products that poor countries need can be exported. Currently a substantial part of the imports of rich countries from developing countries consists of raw or hardly processed raw materials such as crude oil, iron ore, minerals, grains, soybeans, etc. This must stop. So no more imports of products that also grow in the rich countries are required from the poor countries, such as grains and soybeans that the rich countries use for their animal production.

At present, rich countries in three ways are disadvantaging poor countries. First, there is still ten times more money going from Africa to Europe than money going from Europe to Africa, partly due to the debt burden of Africa. Second, the rich countries have protected their own market in the past and are now pushing for free trade. As a result, the poor countries do not get the chance to build their economy. Third, the poor countries make a substantial contribution to the world's biodiversity, while the West hardly contributes to this. It is therefore time for the rich countries to give something back to the poor countries.

Harry Donkers