Topic: [ANN] LANT Founder's Node Sale * Existing Uses * Backed by Private Equity * (Read 234 times)

One week update!

LANT Founder's Nodes - 48% sold (48/100)
Lantic Funds - MCap LF50 fund fully subscribed ahead of release

For existing Founder's Node owners - the second private fund offered by LM has a number of subscribers which we will be using LANT as an exchange medium for. As there will not be a significant circulating supply by that time we have three different options of ways to avoid the price artificially spiking for you to consider. Full details are available on your personal node page and there will be a governance vote starting on the 30th March and open for one week.

Thanks for your offer and interest.

At the moment we do not have any plans for pre-sale of the currency beyond the Founder's Nodes but we'll bear you in mind should this change.

Best regards,


Mark

Lantic Trading Ltd.

If your project needs community managers, let us know. We're very interested and would love to offer our services.
(email: [email protected])

Thanks and if you have any questions then feel free to email ([email protected]) or give us a ring.

Regards,


Steve

will watch and do some checks..

Aware that we are ahead of the 'official' release date but as an update for those who have reserved or purchased nodes;

We are going to place a time limit for how long nodes are reserved pending payment of 48 hours. For the existing reservations this will start from the release date so they will expire at 2359 on the 20th April and will be available for other's to reserve. If your reservation expires then you will need to register again subject to nodes still being available.

The personalised pages for each node (used for payment, voting, transfer, updates etc.) are now password protected to prevent users accessing the wrong node page and to protect the content. The password is set to the email address you provided on your registration.

Owners have also been informed by email of both changes.

Thanks,


Mark

Lantic Trading Ltd.

Thanks and if you have any questions then feel free to email ([email protected]) or give us a ring.

Regards,


Steve

will watch and do some checks..

We've had a couple of emails with questions so posting the answers here as well:

Q1. 500 ETH seems very little for the liquidity on a new exchange?
Absolutely correct - we have matched funding from institutional investors (many of the same who have subscribed to the first LF50 fund launch) dependant on proving community interest and involvement in the project which is where the total liquidity will come from. We agreed the 'Founder's Node' sale as a way of demonstrating this to them and giving the most benefit to the community rather than just selling coins. As you can imagine having responsibility for deciding which coins will be added to the exchange potentially has huge financial benefits to Founder's Node owners!

Q2. Do the Founder's Nodes include equity in Lantic Trading Ltd?
No - the Founder's Node cost is for the node only backed by LANT currency. The matched funding mentioned above is based on convertible equity (debt/shares) and is currently the only way of investing directly in our company.

Q3. Lantic Trading Ltd. has only recently been incorporated?
Yes - we've been trading under the name since December 2016 but incorporated it solely as a part of the plan to accept outside funding. The increased accountability and accounting transparency will benefit all investors. Operationally there have been no changes to the company.

LANT is a new currency being introduced by Lantic Trading Ltd. which will initially be used in our three existing companies. This will ensure an immediate value and use for the currency whilst new partnerships and uses are added. 20% of the group’s net profit will be used to buy back and burn coins to support and increase the coin’s value starting in Q3 2018.

Please see the links at the end for more details on our Founder's Nodes, LANT and companies.


Founder’s Nodes
Founder’s Nodes are the foundation of our partnership with investors in the LANT currency and an integral part of shaping our future development with the introduction of voting rights. No further Founder’s Nodes will be created after this sale however they will be transferable. There will be no Master Node sale and all future coins will be mined.

Founder’s Node Sale - 19 March 2018 – 16 April 2018
Mainnet Release Date – 30 April 2018
Founder's Node Maximum Quantity - 100
Founder’s Node Price – 5,000 LANT = 5 ETH

Founder’s Nodes will have the following additional benefits over standard Master Nodes;
•   Voting rights on spending of the reserved premine to support the currency objectives,
•   Voting rights on the listing of new coins on Lantic Exchange,
•   Will pay no trading fees on Lantic Exchange.

The funds raised by the Founder's Node sale will be used for
•   85% Initial liquidity for Lantic Exchange,
•   10% Marketing for LANT.
•   5% Development costs


LANT Details

(block 1 = premine, 2-500 = 1 LANT to prevent instamine)


Premine Allocation



Links for more information:
LANT Founder’s Node Registration – http://lantictrading.com/fn-registration/
LANT Founder’s Node Details - http://lantictrading.com/founders-nodes/
LANT Details – http://lantictrading.com/lant-details/
LANT Roadmap – http://lantictrading.com/wp-content/uploads/2018/03/Lantic-Trading-LANT-Roadmap.pdf
Lantic Trading – http://lantictrading.com/
Lantic Mining – http://lanticmining.co.uk/
Lantic Funds – http://lanticfunds.com/
Lantic Exchange – http://lanticexchange.com/

Please note there is currently no bounty campaign for pools, translations, explorer etc.