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LOHN
Smart Contracts

LOHN

Smart Contracts

Lohn proposes a blockchain platforms dedicated consensus protocol that builds upon the Proof-of-Tasks by implementing it with Proof-of-Stake architecture of Ethereum smart contract.

Token Details
Token Platform:
Ethereum
Coin Details
Ticker:
LOHN
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Why lohncontrol.com ?

lohncontrol.com is a real business project that will build a business services platform called lohncontract.com forprocessing economy in over 30 industry branches. On this platform, the companies from developed economies will bethe buyers and will launch production orders for various consumer goods to the production companies in emergingeconomies that can produce commodities at competitive prices due to the cheap labor they have and the proximity ofraw materials at low prices.

lohncontract.com will evolve as a complex ecosystem in which, besides buyers and manufacturers, will be present thesuppliers of raw materials, logistics, quality management, industrial process management, legal services andsettlement of payments between the parties. The relationship between them will be managed in blockchain through thelohncontrol smart contract.

At present, the annual production achieved in lohn globally exceeds 10,000 B $, representing 10% of Gross DomesticProduct.

Lohncontrol technology. Proof-of-Tasks for blockchain platforms.

Lohncontrol project proposes a blockchain platforms dedicated consensus protocol that builds upon the Proof-of-Tasksby implementing it with Proof-of-Stake architecture of Ethereum smart contract.

How does Proof-of-Tasks work?

In the Proof-of-Tasks blockchain consensus protocol the platform lohncontract.com create only the template of theblocks. Such a template has two things in them – the header information about tasks and the reward address for thevalidators. The header information inside a block points to a random stakeholder. These stakeholders then validatethe pre-created blocks. The more stack a validator holds, the chances of them approving a block increases. Onlyafter the validation, that particular block gets into the blockchain.This is how Proof-of-Tasks uses the best of theconsensus algorithm features Proof-of-Stake to validate and add a block to the blockchain. Moreover, the networkpays both: the platform blocks creator (lohncontract.com) and the validators the fair share of the transactionalfees. Thus the system acts against the “tragedy of the commons” and creates a better solution for block validation.

The impact of the Proof-of-Tasks consensus protocol is similar with Proof-of-Stake : more secured against any attackand a not power-hungry system. The lohncontrol Smart Contract will work through dedicated APIs for each section ofthe platform.

Given that Ethereum 2.0(Serenity) launch is just around the corner, we'll efficientize the work by focusing ourdevelopment efforts on writing smart contracts following architectures optimized for the features introduced withit.Doing so we'll be able to have cheaper transactions, faster transactions and confirmation times throughattestations, being able to scale horizontally across shards to possibly thousands of transactions/second as well astake advantage of many other features within the newest version of Ethereum compared to the current dApps deployedon the current Proof-of-Work Ethereum blockchain which will continue to have most of the limitations that they havenow.Doing so we won't have to spend resources on re-architecting the decentralized application, rewriting the codeand migrating it on Ethereum 2.0 as it is not backwards compatible with the current Ethereum blockchain.

How the LOHN token price calculation algorithm works ?

The use of the platform by buyers, as manufacturing order makers is conditional upon the immobilisation in alohncontrol smart contract of a number of LOHN tokens equal to the amount that it has to pay for the placed order.This means that all the time active request value (AVR) must be covered by LOHN tokens value. If the active requestsamount increases, the LOHN tokens that are in a predetermined number will have to cover this value and automaticallywill increase too. Because the 1B LOHN token to the $ 0.06 ITO value can only cover a $ 60M active request, any $60M increase in the value of active requests placed on the platform will cause a proportional increase in the tokenvalue LOHN that has to support the platform as a kind of escrow agent.

This increase, proportional to the platform's use, was determined by a mathematical calculation materialized in agrowth algorithm that includes multiple variables such as the availability of LOHN tokens on the free market ortheir liquidity.

The LOHN Token price is always in direct proportion to the market volume of lohncontract.com and growth will beexponential as the project goal is reached and ROI rate will be in concordance.

--- 

KYC
(over 10.000$ invested)

Irina Masnita
Industrial Engineering
Involved in 1 project
Laurentiu Popa
CTO
Involved in 1 project
Oana Taroiu
Quality Manager
Involved in 1 project
Sorin Visinescu
Risk Manager
Involved in 1 project
Raphael Ragaven
Logistics Manager
Involved in 1 project
Andrei Danciu
Legal
Involved in 1 project
Daniela Ghitoiu
Customers Manager
Involved in 1 project
Vasile Lupu
Art Director
Involved in 1 project
Hakan Isidogru
Strategy & Business Development
Involved in 1 project
Ovidiu Stancalie
Industrial Engineering
Involved in 1 project
Catalin Iordache
Concept Manager
Involved in 1 project
Narcis Ciobotariu
Blockchain Developer
Involved in 1 project
Advisors
Sean Brizendine
Involved in 2 projects
Daniel Mihai
Involved in 1 project
Laszlo Szabo
Involved in 1 project
Hamza Khan
Involved in 6 projects
  • Q1 2017

    Established bursadelohn.ro a regional hub for the processing economy.

    It's our working platform ,also our MVP (minimum viable product) and is the first operational trading platform which precedes lohncontract.com

  • Q1 2019

    Upgrade MVP bursadelohn.ro.
    Sketching of the lohncontract.com platform architecture

  • Q2 2019

    Listing LOHN on ICO platforms.

  • Q3 2019

    Presale

  • Q4 2019

    Private sale
    100.000.000 LOHN
    Discount 50% for early investors.

  • Q1 2020

    Operational VS 1.0 smart contract lohncontrol.com, blockchain solutions for processing economy.
    Building of the lohncontract.com platform architecture

  • Q2 2020

    Is finished ecosystem between lohncontract.com and lohncontrol.com.
    The smart contract lohncontrol governs this ecosystem.

  • Q3 2020

    Branches establishment in Ethiopia and Maroc.
    Branches aim to attract local producers to the platform.

  • Q4 2020

    Branches establishment in Vietnam, Bangladesh, Pakistan, India and Sri Lanka.
    Branches aim to attract local producers to the platform.

  • Q1 2021

    Branches establishment in Cuba, Costa Rica and Chile.
    Branches aim to attract local producers to the platform.

Source
Rating
4.5 / 5
4.6 / 5
Average
4.6 / 5
Other Websites
Ratings has been aggregated in date 10 October 2019
Loading...
 

Smart Contracts

LOHN

Lohn proposes a blockchain platforms dedicated consensus protocol that builds upon the Proof-of-Tasks by implementing it with Proof-of-Stake architecture of Ethereum smart contract.

Token Details
Token Platform:
Ethereum
Coin Details
Ticker:
LOHN

Why lohncontrol.com ?

lohncontrol.com is a real business project that will build a business services platform called lohncontract.com forprocessing economy in over 30 industry branches. On this platform, the companies from developed economies will bethe buyers and will launch production orders for various consumer goods to the production companies in emergingeconomies that can produce commodities at competitive prices due to the cheap labor they have and the proximity ofraw materials at low prices.

lohncontract.com will evolve as a complex ecosystem in which, besides buyers and manufacturers, will be present thesuppliers of raw materials, logistics, quality management, industrial process management, legal services andsettlement of payments between the parties. The relationship between them will be managed in blockchain through thelohncontrol smart contract.

At present, the annual production achieved in lohn globally exceeds 10,000 B $, representing 10% of Gross DomesticProduct.

Lohncontrol technology. Proof-of-Tasks for blockchain platforms.

Lohncontrol project proposes a blockchain platforms dedicated consensus protocol that builds upon the Proof-of-Tasksby implementing it with Proof-of-Stake architecture of Ethereum smart contract.

How does Proof-of-Tasks work?

In the Proof-of-Tasks blockchain consensus protocol the platform lohncontract.com create only the template of theblocks. Such a template has two things in them – the header information about tasks and the reward address for thevalidators. The header information inside a block points to a random stakeholder. These stakeholders then validatethe pre-created blocks. The more stack a validator holds, the chances of them approving a block increases. Onlyafter the validation, that particular block gets into the blockchain.This is how Proof-of-Tasks uses the best of theconsensus algorithm features Proof-of-Stake to validate and add a block to the blockchain. Moreover, the networkpays both: the platform blocks creator (lohncontract.com) and the validators the fair share of the transactionalfees. Thus the system acts against the “tragedy of the commons” and creates a better solution for block validation.

The impact of the Proof-of-Tasks consensus protocol is similar with Proof-of-Stake : more secured against any attackand a not power-hungry system. The lohncontrol Smart Contract will work through dedicated APIs for each section ofthe platform.

Given that Ethereum 2.0(Serenity) launch is just around the corner, we'll efficientize the work by focusing ourdevelopment efforts on writing smart contracts following architectures optimized for the features introduced withit.Doing so we'll be able to have cheaper transactions, faster transactions and confirmation times throughattestations, being able to scale horizontally across shards to possibly thousands of transactions/second as well astake advantage of many other features within the newest version of Ethereum compared to the current dApps deployedon the current Proof-of-Work Ethereum blockchain which will continue to have most of the limitations that they havenow.Doing so we won't have to spend resources on re-architecting the decentralized application, rewriting the codeand migrating it on Ethereum 2.0 as it is not backwards compatible with the current Ethereum blockchain.

How the LOHN token price calculation algorithm works ?

The use of the platform by buyers, as manufacturing order makers is conditional upon the immobilisation in alohncontrol smart contract of a number of LOHN tokens equal to the amount that it has to pay for the placed order.This means that all the time active request value (AVR) must be covered by LOHN tokens value. If the active requestsamount increases, the LOHN tokens that are in a predetermined number will have to cover this value and automaticallywill increase too. Because the 1B LOHN token to the $ 0.06 ITO value can only cover a $ 60M active request, any $60M increase in the value of active requests placed on the platform will cause a proportional increase in the tokenvalue LOHN that has to support the platform as a kind of escrow agent.

This increase, proportional to the platform's use, was determined by a mathematical calculation materialized in agrowth algorithm that includes multiple variables such as the availability of LOHN tokens on the free market ortheir liquidity.

The LOHN Token price is always in direct proportion to the market volume of lohncontract.com and growth will beexponential as the project goal is reached and ROI rate will be in concordance.

--- 

KYC
(over 10.000$ invested)

Share This Page
Irina Masnita
Industrial Engineering
Involved in 1 project
Laurentiu Popa
CTO
Involved in 1 project
Oana Taroiu
Quality Manager
Involved in 1 project
Sorin Visinescu
Risk Manager
Involved in 1 project
Raphael Ragaven
Logistics Manager
Involved in 1 project
Andrei Danciu
Legal
Involved in 1 project
Daniela Ghitoiu
Customers Manager
Involved in 1 project
Vasile Lupu
Art Director
Involved in 1 project
Hakan Isidogru
Strategy & Business Development
Involved in 1 project
Ovidiu Stancalie
Industrial Engineering
Involved in 1 project
Catalin Iordache
Concept Manager
Involved in 1 project
Narcis Ciobotariu
Blockchain Developer
Involved in 1 project
Advisors
Sean Brizendine
Involved in 2 projects
Daniel Mihai
Involved in 1 project
Laszlo Szabo
Involved in 1 project
Hamza Khan
Involved in 6 projects
  • Q1 2017

    Established bursadelohn.ro a regional hub for the processing economy.

    It's our working platform ,also our MVP (minimum viable product) and is the first operational trading platform which precedes lohncontract.com

  • Q1 2019

    Upgrade MVP bursadelohn.ro.
    Sketching of the lohncontract.com platform architecture

  • Q2 2019

    Listing LOHN on ICO platforms.

  • Q3 2019

    Presale

  • Q4 2019

    Private sale
    100.000.000 LOHN
    Discount 50% for early investors.

  • Q1 2020

    Operational VS 1.0 smart contract lohncontrol.com, blockchain solutions for processing economy.
    Building of the lohncontract.com platform architecture

  • Q2 2020

    Is finished ecosystem between lohncontract.com and lohncontrol.com.
    The smart contract lohncontrol governs this ecosystem.

  • Q3 2020

    Branches establishment in Ethiopia and Maroc.
    Branches aim to attract local producers to the platform.

  • Q4 2020

    Branches establishment in Vietnam, Bangladesh, Pakistan, India and Sri Lanka.
    Branches aim to attract local producers to the platform.

  • Q1 2021

    Branches establishment in Cuba, Costa Rica and Chile.
    Branches aim to attract local producers to the platform.

 Select Source
Source
Rating
4.5 / 5
4.6 / 5
Average
4.6 / 5
Other Websites
Ratings aggregated in date 10 October 2019
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ICO
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