Introduction

Initial Public Coin Offering is a way for us to raise money for this cryptocurrency project.
We are distributing 5,400,000 of the initial coin supply among the backers.
To protect our users we hired a world class escrow.

In this page you can find all the information about distribution, escrow, timeline and ICO milestones.

Escrow details

Legendary Escrow service is provided by: SebastianJu

Escrow service is applied only for BTC investments while Ethereum investments will be made directly on our ICO Platform

The bitcoin escrow address is ***NOT FOR DIRECT INVESTING***

38V2N2zKrUa2kiPe9TKcsf4rJ8afaV5GDh

ONLY invest after reading SebastianJu's terms regarding how to invest and how a refund will happen if the ICO threshold is not reached.

The refund terms and the refund fees, including the minimum refund fee:
Read Terms and Minimum fees

Please check occasionally that the escrow address in OP is the same like it is in escrow post and inform SebastianJu quickly and neg-rep the us if it changed.

ICO Threshold:

ICO will be considered successfully completed if we reach a minimum total (BTC+ETH) of 100 BTC.
If the 100 BTC target is not reached all investors will be refunded.

Timeline

Q1 2017 Q3 2017 Q4 2017 Q1 2018 Future
Idea and project definition On 7th April 2017: Start ICO Crowdfunding Release of first version of Integration API iOS, Android and PHP libraries DRM over Blockchain management

After a period of 2 weeks, binaries and sources will be made available on this website and on GitHub.
We expect to be listed on all the main exchanges at this stage also.

Milestones

40% at the end of ICO, when we release client sources and XLC distribution is over
20% after releasing client update with Integration API
20% after releasing iOS, Android and PHP libraries to easily integrate with LeviarCoin client
20% along with publishing the new version of the client that allows management of DRM over blockchain

Funds allocation

Short-term allocation (2017)

Exchange listing ~20 BTC
Marketing ~15 BTC
Bills (servers, services subscriptions) ~10 BTC
Collaborations (developers) ~40 BTC
Initial liquidity ~15 BTC

Crowdfunding and Bonuses

Crowdfunding campaign starts on 7th April 2017 and will end on 9th July 2017.

A total of 5,400,000 XLC will be available. Bonuses are applied according to this scheme:

Bonus (%) Rate (BTC) Date
40% 0.00030 BTC/XLC 2017-04-15 to 2017-04-21
30% 0.00035 BTC/XLC 2017-04-22 to 2017-05-05
20% 0.00040 BTC/XLC 2017-05-06 to 2017-05-26
10% 0.00045 BTC/XLC 2017-05-27 to 2017-06-16
None 0.00050 BTC/XLC 2017-06-17 to 2017-07-09

BTC and ETH are accepted as currencies.
Ethereum change value will be updated every hour based on the average price across the main exchanges.

Every unsold coin will be burned and a proof-of-burn will be released.

Technical data

Maximum Supply 54,000,000 XLC
Coins available for crowdfunding 5,400,000 XLC
Coins available for developers team 2,700,000 XLC
P2P Port 18001
RPC Port 19001
DRM Layer Port 19002
Block time 60 seconds
Difficulty adjustment Every block
Initial block reward ~9 XLC
Coin emission rate (per block) S=Supply G=Already Generated Coins (S - G) >> 22

Risks involved in investing

We want to suggest that you consider some things before you invest in our, or any other, initial coin offering:

No investment is without risk.
Unfortunately, to build wealth over time, investors need to accept a significant amount of risk.
Leaving money in risk-free investments such as high-yield savings accounts isn't investing at all.
By taking on very little risk, keeping the bulk of your wealth in a savings account practically guarantees you’ll lose purchasing power over the long term due to the rising costs of goods that you might buy with that money.

Market risk

A market crash or decline could crush this investment’s performance, even if the quality of your investment remains the same.

Default risk

Default risk is related to the quality of the underlying investment, and it is more apparent when investing in a single company, through stocks or bonds.

Inflation risk

There is a chance, however, that during any particular time, the measure of inflation, or for a more accurate description in this case, the increase of the cost of goods, can be significantly more than usual.

The first golden rule of investing that you should always follow: Never invest money you cannot afford to lose. Investing is not saving.