Reasons to invest in Letsfair

We are taking Shared Economy to the next level

We are going to decentralize work relations

We have created a complete digital reputation model

We are not making an ICO. Our investments model is more responsible than that

Dividends Distribution

Letsfair’s revenue will be obtained through a small commission fee, around 0.2% of all payment transactions made within the platform. After each revenue month of Letsfair, 50% of the profit obtained will be used to pay the dividends for token holders. The other half of the profit will be invested in Letsfair in order to expand its market.

Letsfair Token

We created a contract in the Ethereum network, using the ERC20 standard, in which the total of tokens will be gradually released throughout five years.

Token Symbol: LTF
Sale Model: NoICO
Contract: 0x411A81C8Cd604941be13dBBD33B54e6f25d84683
Contract Code: letsfair-token
Max Supply: 1,000,000,000 tokens
Release Period: 5 years (Jan 2018 – Jan 2023)

Release of Tokens

Token Distribution

At the end of the 5-years, this is how the distribution of tokens will have been performed:

  • 50 million for Pre-seed investors
  • 150 million for Seed investors
  • 250 million for Series A investors
  • 250 million for Series B investors
  • 50 million for rewards distribution
  • 250 million for the team

Fund allocation

NoICO Investment Model

The Letsfair team has conceived a new concept to obtain investments, called NoICO. In summary, it is a way to make sure the value of the tokens is aligned with the company’s real value. Read the NoICO post.

logo_noico

Token Sale

To invest in Letsfair you need to acquire LTF tokens. For now, they are being directly sold by our sales representatives.

Roadmap

Timeline

2017
January 1

2017

  • Research and concept definition
  • Development of the White Paper
  • First investment (pre-seed)
2018
January 1

2018

  • Release of the project’s website
  • Conception of the NoICO model for token generation
  • Development and trials of the LTF token contract
  • Initial technical solution architecture
  • SDK Proof of concept V0.1
  • Proof of concept of the first app (Piece of Cake V0.1 Mobile)
  • Search for initial partners
  • Development of the web platform for the sale of tokens (in progress)
2019
January 1

Q1-Q2 2019

  • Creation and engagement of the community
  • Rewards system
  • Sale of tokens from the Seed stage
  • Institute the company in a country which legislation fits the project
  • Development of the SDK V1
  • System of decentralized identities V1
  • Reputation system V1
  • Mobile application for final users V1 (Identity)
  • Payments with cryptocurrencies
July 1

Q3-Q4 2019

  • Piece of Cake app V1, as a product (Mobile and Web)
  • Integration with payment gateways for fiat currencies
  • Release of the stable value token
  • Decentralized app (DApp) with a smart contract in the Blockchain
  • External audit of the smart contract
  • Search for first adopters
  • Search for new partners
  • Development of the marketplace V0.1
2020
January 1

Q1-Q2 2020

  • Development of the SDK V2
  • System of decentralized identities V2
  • Reputation system V2
  • System of digital agreements (Consensus for co-production)
  • Mobile app for final users V2 (Offers + Identity)
  • Constant search for new adopters and partners
July 1

Q3-Q4 2020

  • Development of the marketplace V1 (offer aggregator)
  • Digital agreement builder V0.1
  • Beginning of product marketing
  • Improvement in the rewards system
  • Market establishment
2021
January 1

Q1-Q2 2021

  • Sales of Series A stage tokens
  • Development of the SDK V3
  • Mobile app for final users V3 (Full Marketplace)
  • Test in the next generation of blockchain (Scale increase with second-layer solutions)
July 1

Q3-Q4 2021

  • Digital agreement builder V1
  • Shared economy app builder V1
  • Marketplace development V2
  • Increase in the marketing activities to attract a wide user base
2022
January 1

2022

  • Sale of Series B stage tokens
  • International expansion and scaling

Development Methodology

In the traditional scenario, large companies build projects based on different management models. However, in innovative projects such as Letsfair, these management models are not as effective. For this reason, the development of Letsfair will follow the Lean Startup methodology, that aims to deliver value and avoid waste of any kind, advocating for early market testing.

lean_startup_circle

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