Our native currency is a masternode/PoS coin in development and testing to provide the basis for our swap, OTC, miniDex, and escrow services offerings.
LCAT will provide currency swap, peer-to-peer trade, and exchange services for the broader crypto market, bridging communities and bringing big, small. and micro-market crypto together.
The difference, as they say, is utility or use case. We think our book of planned services provides an attractive project for the masternode, proof-of-stake, and crypto communities that will generate sustainable income streams through our platform and block rewards system.
First and foremost, LCAT is a community driven blockchain hosted and secured by a network of masternodes and stakers. This will provide support and sustainability for the project while also delivering an income stream to our community for a life of the chain.
The ability to swap coins into popular currencies beyond BTC and finding access to new and unlisted projects are far too complicated. We want to facilitate access points between mass-market crypto and MNs with an OTC to match buyers and sellers on their own terms, then develop a swap and dex for broader needs. The network will generate revenue from these products through transaction fees, driving income for our community.
Trust can be a fairytale in the crypto world and we are hoping to build a condition-based exchange of products and services where parties can leverage LCAT to cover the fees of a hosted transaction. This will help to serve as a space where buyers and sellers will have an intermediary to validate that their terms have been met before payment or delivery.
We will implement a customer identity system similar to those of known exchange platforms for the use of our services. If you don't like KYC, LCAT is probably not for you.
We will also work to implement anti-money laundering controls and capabilities to help make minimize the risk that our network is used for criminal intent.
Q2 2022 - DONE
We determined the need, defined use cases, and built our preliminary online presence.
Q3 2022 - AHEAD / TESTING
Develop the Lucky Cat blockchain, releasing wallets, masternodes (MN) and, PoS functionality.
Q4 2022 - Q1 2023
We will continue to add functionality to LCAT with the introduction of swaps and OTC.
> Q2 2023
Finally, launch a full featured miniDex connecting LCAT and other MN coins to major cryptos.
Depending on your perspective, 10 billion LCAT will feel like either an incredibly small or large number of total supply for this coin. We arrived at this number with a lens toward future value of the platform and services portfolio. At $1US price (not a forecast - used for easy math) and full supply, the total currency value would be $10 billion US. This is an achievable value if the business model is successful.
*** LCAT MAKES NO CLAIMS OF PRESENT OR FUTURE VALUE ***
This is a new project and we have sustainability and transparency at the core of our focus. We have developed a stepped model rewards table to serve several purposes for the support of our project and community, delivery of rewards that remain attractive yet sustainable, and provide for ongoing development. LCAT is also designed to build toward a forward looking business model, funding platform enhancement and evolution through multiple income streams, including a declining Treasury reward on each block and a stable fee structure from platform services.