[Laccoin]is a digital asset built on the Ethereum blockchain. It will be stored in the LAC wallet, a digital wallet that can be downloaded from any mobile device.
This wallet can be compacted with other digital assets allowing users to exchange LAC with other cryptocurrency. A user can get a debit card attached to his wallet to allow him to make a withdrawal and payment as if he were using a fiat currency. Having extensive cell phone usage, people can easily see how Laccoin not only provides a more inclusive but fast banking system as transactions will occur at internet speeds. Banking in Laccoin will be cheaper than banks with traditional banks as well.
The Laccoin team has taken proactive measures to ensure the growth of its community by instituting various packages that will drive the adoption of the LAC. There is a LAC Gold Card, a special debit card provided to members of the community with a large reserve of LAC tokens. The fees applicable to the LAC White Card, popular card, do not apply to it. There are also monthly prizes for token holders according to the number of tokens they have.
The Union Wealth Fund is a large fund raised over a long period of time from transactions made on the platform to reward loyal members of the community for long-term participation. Also the pattern of distributing this prize will be decided by the user by voting.
The power of the user's voice will also depend on the size of the LAC token it owns. There is also a marketing team given the responsibility to advertise Laccoin and others, which will address cultural differences from people scattered across the region. The team has put these features not only to encourage broad adoption of the LAC token but also to give its holders a sense of community.
The world continues to witness great progress since humans have found how to do the work easier and faster with the help of the machine.
People are constantly committed to improving how they do things.
It has resulted in thrilling inventions and innovations.
The latest of those who have pledged to change the way everything is done is the blockchain. Giving a simpler, faster, safer, and more transparent way of doing things, blockchain has affected almost all humanitarian sectors.
Currently, the Laccoin project founded by Chad O.
Grant and Jonathan A. Kidd want to utilize this technology to improve the lives of Latin American and Caribbean regions by creating a banking platform that will be a viable alternative to existing traditional banks.
This project is important not only because the existing banking system is unable to accommodate most of the population in this region, but has created a burden on the turning population due to its cost and timeframe inefficiencies.
Citizens in the region are largely dependent on remittances from individuals, mostly family members in foreign countries. This means that indigenous people in the region rely heavily on financial aid from people in foreign countries.
People can easily see how they need access to banking facilities. Therefore, the team comes with a project that will provide an easy, more inclusive, safe and fast way of keeping and transferring money across international borders that will alleviate the burden of individuals and businesses that do not currently have access to banking facilities.
Laccoin Team.
Another product that will ensure user loyalty is Laccoin Microfinance. Laccoin will develop a platform for peer-to-peer loans among community members. The platform will have the capacity to generate credit scores for each user so that the creditor does not have to go through rigorous training to prove the credit worthiness of the contributor. Steps have also been taken to increase the liquidity of LAC tokens and to check their volatility.
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