Release of the LEGAL token
SmartOne is happy to announce that the audit of the LEGAL token has been successful. The SmartOne TGE smart contract reached the last state — the release of the LEGAL. Peer-to-peer transactions are now possible (see the manual below).
About 400 000 USD were contributed during the SmartOne Token Generating Event.
“While a rather larger amount was committed, selling the tokens at a very large discount was not an option.
We do not need more to start, hence we decided to wait until certain milestones are met and the diluting effect is less for the LEGAL token owners.”
Said Reto Stiffler, Co-Founder of SmartOne
Around 1.5m LEGAL are left for qualified contributors and institutions.
Since most of the amount raised came from qualified contributors and not from the Public Token Launch, the team has deliberately decided to lower their bonus from 25% to 20%.
Ongoing work
The development of the KYC protocol, which was planned for Q1 2018, is progressing quickly. Resources are concentrated on ICO services and the company is in contact with several candidates.
SmartOne is contacting firms which could accept the LEGAL token as a mean of payment. Two lawyers and two firms outside of the legal area have given their commitment. The company will soon put a list of all points of acceptance including discounts on its homepage.
How to get your LEGAL Token
To manage your LEGAL Token, go to MyEtherWallet website (not the Chrome extension plugin) and select the “Send Ether & Tokens” tab. Depending on your wallet, you can see the respective further instructions from the list below:
MyEtherWallet: https://myetherwallet.github.io/knowledge-base/send/adding-new-token-and-sending-custom-tokens.html
Metamask: https://medium.com/hellogold/adding-tokens-to-metamask-60b2fedd5bd9
Hardware Ledger (Nano S): https://support.ledgerwallet.com/hc/en-us/articles/115005200009-How-to-use-MyEtherWallet-with-Ledger
Go to “add custom token” and use the following parameters to add the LEGAL Token to your wallet:
Token Contract Address: 0xe691b7ff3c9fddb8c2437412208ee4816aba7258
Token Symbol: LGL
Decimals of Precision: 18
Note:
Please inform SmartOne if you know any individuals who would like to construct their ICO under our umbrella.
Main criteria for a candidate are:
- Reputation of the candidate
- Complexity of the ICO
- Value creation for LEGAL token holders (e.g. air-drop, discount)
Contact: reto.stiffler@smartone.legal
