LHCrypto ICO rating
Business (17 out of 20 points)
Larson&Holz is a Forex and Binary options broker. The company works since 2004. They have successfully worked in the market for 13 years.
LHCoin team raise funds to create a crypto version of an existing Forex broker. It is planned to invest proceeds into a separate division of the broker, where all the operations will be processed in crypto-currencies only.
Product readiness (4 out of 5 points)
You can test the broker’s services on its official site www.lh-broker.com
The client monthly inflow (the amount of funds transferred by clients to their trading accounts) is over 3 mln USD.
White Paper (7 out of 10 points)
White paper is available only in English and Russian languages. The documentation is well-formed, logically structured and describes many matters in details.
Roadmap (4 out of 5 points)
The project road map shows the period until November 2019.
The stages of roadmap are divided into big steps (some stages reach a period of 8 months).
Between May and October 2018, it is planned to start to accept client payments in crypto-currencies. A very long time to complete the existing project.
Legal (5 out of 5 points)
The “Crypto broker ICO” project is under the supervision of Larson&Holz IT Ltd, the company under the jurisdiction of the Republic of Vanuatu with the address: 133 Santina Parade, Elluk, Port Vila, Efate, Republic Vanuatu; Registration number: 14558
The company holds the license Vanuatu Financial Services Commission №177, which entitles to carry out operations with cryptocurrencies and other assets.
Team (15 out of 20 points)
- John Larson (Key Investor and Founder) as we know Larson&Holz company.
- Georgy Pavloff Chief Operation Officer (looks like new linkedin account with 9 friends)
- Alexandr Smirnoff Chief audit executive (in Larson&Holz from 2004, looks like new linkedin account)
Project management is big and consists of 18 people.
ICO terms (4 out of 5 points)
Total: 100 mln tokens
The minimum volume of purchase is 1/10 Ethereum and 1/100 Bitcoin.
PRE ICO: 30.10.17 – 02.12.17 (20 000 000 LHCoin tokens will be issued)
ICO: 04.12.17 – 30.12.17 (50 000 000 LHCoin tokens will be issued during this period )
POST ICO till 01.02.17
Token applying (4 out of 5 points)
Token holders’ revenue depends on the asset market price growth and on the fixed part of the incoming funds flow to the crypto broker’s account. In every way this is similar to dividend payments. These payouts are included into the smart contract.
LHCoin is a token which is guaranteed to grow in price (at least 20% annually); the broker provides the insurance by accruing bonuses to Larson&Holz accounts.
Every month 5% of our client inflow is to be transferred to the ethereum wallets used for the ICO.
ICO Promotion (12 out of 20 points)
Promotion of the ICO occurs with the help of a bounty program. 4% from total tokens issued will be distributed in the Bounty Program. Tasks for obtaining rewards are standard.
Some articles on livebitcoinnews.com, coinspeaker.com etc
Several conference: International Congress in Moscow, Finance Magnates London Summit.
And promo on own resources.