LiveContracts (LTO) ICO Rating, Reviews and Details

Apr, 2018

Jul, 2018

100% completed

$1 600 000

4% cap completed

40 000 000.00 USD

past

1 LTO

=

0.5 USD

Token Details

Ticker

LTO

Accepted Currencies

ETH, BTC, LTC, BCH, XMR, DASH, FIAT, XRP

Company Details

Registered Country

Netherlands

Additional Details

Platform

Waves

About LiveContracts

What is a Live Contract?

A Live Contract is a formal agreement that allows interactions from humans. It is formalized in a way that is understandable for both humans and computers. The contract only shows the rules and presents the available options.

What is a Token-as-a-License (TaaL)?

Contrary to traditional licensing, token based licensing allows you to use the same licenses for different products and when the need arises. As tokens are sold or purchased on exchanges, the license is also transfered, so more users can use the software for a limited time.

How many tokens do I need for a service?

Platform access (500 LTO)
Create Live Contracts : 5 per week (1,000 LTO)
Interactions with Live Contracts : 250 per week (1,000 LTO)
Live Contract pre-package (10,000 LTO)
Full node with whitelabled environment (100,000 LTO)

LiveContracts Roadmap

May 2014

Started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company FIRM24.com, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems.

May 2015

We released the first version of the LegalThings platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing.

Jan 2016

For FIRM24 we had created software to run the procedures behind an incorporation. Other customers were also interested in these digitized procedures. We did a small pivot, now focusing on digitizing the contracts as finite state machine, rather than just signing.

Sep 2016

We have explored different methods of providing proof of signed documents. While other parties relied on trust and certifications, we wanted a better solution. We started using the blockchain for proof of existence.

May 2017

We experimented with Ethereum Smart Contracts and found out that it could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts.
Instead, we found a much better solution in using our FSM in combination with the blockchain.

Sep 2017

During the blockchain hackaton organized by the Dutch ministry of Justice and Security, we demonstrated that a whole law can be digitized as a FSM and stored on the blockchain. This won us the first prize in the event which included the assignment to create the first digitized Dutch law on the blockchain.

6 Dec 2017

Our token pre-sale starts on the 6th of December. For 24 hours, the pre-sale is open only for members. You can register to be whitelisted and participate in this members-only pre-sale. After the whitelist pre-sale, we'll continue with a public pre-sale.

Dec 2017

We'll launch the LegalThings One platform as beta. All token holders will be able to use the platform. New content, like (live) model contracts will be added in the coming months.

Q2 2018

All tokens represent the full capacity of the LegalThings One platform. During this sale we'll sell licenses (represented by LTO tokens) for the platform.

Q4 2018

We'll publish the Live Contract syntax as open standards under the CC-BY-SA license. Software to run Live Contracts will be available under the MIT license. This will allow third-parties to to create and run Live Contracts without relying on LegalThings One.

2019

To set precedence of the legality of data stored on the blockchain, we'll initiate trials in several countries. The following countries are candidates for these trials: United Kingdom, United States, India, Russia and the Netherlands.

Activity

LiveContracts Team

Verified 11%

Attention. There is a risk that unverified members are not actually members of the team

4 ICO

$1 600 000

Arnold Daniels

Founder & Software Architect

verified

4 ICO

$1 600 000

Rick Schmitz

Founder & Head of Legal

verified

4 ICO

$1 600 000

Martijn Migchelsen

Founder & Head of Finance

2 ICO

$1 600 000

Lisa Kate Palmer

Product Development Manager

4 ICO

$1 600 000

Sven Stam

CTO

2 ICO

$1 600 000

Sabine Van Bilderbee...

Manager Operations

Martijn Broersma

COO

unverified

Diederick Cardon

Head of Legal

unverified

Yevhen Horbachov

Frontend Developer

unverified

Rick Ros

Head of Sales

unverified

Moesjarraf Jahangier

Full-stack Developer

unverified

Mitchel Kerckhaert

Developer

unverified

Jurre Wolsink

Developer

unverified

Sarfaraaz Jahangier

Developer

unverified

Michael Nieveld

Legal & Tax

unverified

Guy Hoeks

Public Relations

unverified

Maurits Wismeijer

Legal (Thesis)

unverified

Benjamin Roeloffs Va...

Designer & Marketeer

unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Pim Volkers

Advisor

Former members

Peter Van Leersum

Advisor

LiveContracts Interviews

Arnold Daniels

As a team member, сan you tell us about your role in the ICO project? What do you think about idea?

As Software architect, I'm responsible for the technical design of the LegalThings One project.

The story of LegalThings started 4 years ago. Our document engine mvp progressed into a workflown engine.

At some point we were storing data of important processes, data that could heavily influence lives. While the whole team can be trusted, you don't want have to rely on trust alone. Adding layers of bureaucracy certainly helped, but killed productivity. Cleary we should do better. By employing blochain technology we could and would. This is how the LegaltlThings One platform came into existence.