LOC Node Token
BRINGING NODE OWNERSHIP TO THE MASSES
ABSTRACT
Before bitcoin and blockchain technology became a buzzword, most of the traditional network services work on a client-server model. To access the shared resources, the client needs to connect to a server and make a request before gaining access to the official version of the file. This process complicates the system through its barrier to entry of users and scalability. This process seems easy but problematic as it requires trust in the server. A hack such as the Denial of Service (DoS) attacks pose risk to all the users of the server. This makes such a network vulnerable and unreliable. Information stored on this kind of network can be easily lost and possessed by unauthorized users.
While the node is completely designed to be a decentralized system, every node can keep a copy of the distributed ledger. The shared ledger is uploaded via a blockchain consensus algorithm. By rejecting blocks and transactions that don’t follow the consensus rules, nodes have been the only way to ensure that all the rules of a cryptocurrency are enforced, which are, anonymity, security, and trust. Not only those nodes share the number of funds, information about transactions, confirm transactions, store copies of confirmations and finally participate in the building blocks in the blockchain.
In short, nodes are the powerhouse of every cryptocurrency, as the power of a cryptocurrency is only as secure as its network. However, there has not been a platform that seems to care about these nodes. Surely, the nodes are set up and run by individuals but, no one has catered for the wear and tear of their computer, nor the internet data cost to keep the node running nor even the electricity consumption and the management required to protect the nodes from attacks into the entire network. These are the major requirements to ensure the security of the nodes. Keeping all these factors in check will surely enhance the usage and eliminate the barriers related to using the blockchain network.
This paper introduces LOC Nodes, the first platform ever to encourage users to become nodes and incentivize them simultaneously.
PROJECT SCOPE
The major problems and complications experienced in the crypto metaverse are the barriers to entry and scalability.
LOC Node aims to level the playing field by ensuring blockchain nodes are more accessible to everyone while keeping the ecosystem’s security at the core of our universe. Thus, we will serve as gatekeepers ensuring scalability, and maintaining security while accessing blockchain nodes.
The LOC node token platform aims to solve barriers to entry of the crypto metaverse by enabling the enhancement of usage of individual users in the crypto space. While the barrier of scalability is solved by elevating the blockchain ecosystem in the society.
There are three main user oaths available for LOC Node Token User paths.
- Those who possess token holdings in their wallets and intend to convert partial or all of their token to all of the nodes offered on the LOC platform Essentially, the value of the wallet is mirrored directly to their wallet with certain types of coins allowed on the platform.
- Those that are going to lend out for those who borrow, should be able to either get a node or connect their protocol to the wallet used. Full or partial holding can then be connected to a node. Once the holdings have been converted to nodes on the platform, rewards will be received from the invested platform and also LOC Node token. These tokens will amplify the rewards for other platforms, enable and verify transactions with ease.
- Request a loan or provide a node.
1. INTRODUCTION
Blockchain nodes are characterized by their open source and cross platform runtime that enable developers to build multiple services. Their universal p2p protocol allows nodes to communicate with one another within the network and transfer information about new blocks and transactions. In simpler terms, nodes are the computers that facilitate the global peer to peer network of cryptocurrencies such as bitcoin. They broadcast transactions and blocks everywhere. There are full nodes that act independently as autonomous verifiers, protection against double spending, onion routing, and isolation of untrustworthy nodes.
While all nodes can store the complete copy of the distributed ledger, network nodes are in control of the reliability and correctness of the data entered in the distributed ledger. Owing to the blockchain nodes, any user can access the data, download the data, and view all the transactions initiated and stored on the network. Practically, launching a network node is the only way to connect to the blockchain. Each participating node expedites the blockchain’s network decentralization and thus, shortens the transaction time and reduces fees.
What is LOC Node?
LOC Nodes are regarded as users communicating, interacting and transacting on the blockchain network through the usage of a more secure and scalable platform. The LOC Nodes are the users on the blockchain network communicating through a platform built on Ethereum and other open source, permissionless projects such as Solana.
Why LOC Node?
It is impossible for centralized database to process traditional p2p interactions on the blockchain network and 710,000 transactions per second on a standard gigabit network even if the transactions are, on average, no more than 176 bytes.
A centralized platform can have a great effect on users on the network as their interactions, information and transactions are being governed and monitored by individuals. This leaves these kinds of information at risk of vulnerability and accessibility from an unauthorised user.
LOC Node has been built to ensure the security of the blockchain network and also ensure smart contract automation. The security of the network is the paramount aim of creating nodes for users. Security of the network and also funds on the network, will help to build trust and increase the usability of the network from users.
LOC Nodes also aims at decentralized funding. This includes lending and borrowing on the network. This is done automatically as long as the requirements have been met by the users. The interest rates are decided automatically by the technology and not by an individual. The lending pool is reserved and can never run out of funds.
LOC Nodes not only helps in finances but also in governance. Nodes on the network have access to governance voting, insurance protocol and dividends from ad profits from node campaigns. Decentralised mode of governance will surely enhance the free and fair elections through its usage.
LOC Nodes platform ensures the desirable properties of a proper blockchain is satisfied: scalable, secure and decentralised.
1.1 Scope
Currently, the major complications that tackle the crypto metaverse are the barriers to entry and scalability. The LOC Node token platform will solve the barriers to entry by helping individual users prosper in the crypto space. On the other hand, the platform seeks to solve the scalability issue and elevate the blockchain ecosystem.
1.2 LOC Aims
LOC Node aims to level the playing field by ensuring blockchain nodes are more accessible to everyone while keeping the ecosystem’s security at the core of our universe. Thus, we will serve as gatekeepers ensuring scalability, and maintaining security while accessing blockchain nodes.
1.3 Mission Statement
Our mission is to encourage more individuals to become blockchain nodes, reward those currently in the industry/ecosystem and make the cryptocurrency world safer than before. We allow individuals and large organizations to partake and earn in different networks without releasing much of their exposure.
1.4 Major Characteristics of LOC Node Token
Unlike traditional nodes where the security of the node depends on the owner. For example, if you own a node, you are completely in control of it by installing antivirus software, being aware of phishing scams, properly configuring it to maintain a healthy node and secure the blockchain network. LOC Node comes with the following major sub characteristics which includes:
a. Secured Blockchain
● Built on Top of Ethereum/Polkadot and Solana
● Smart Contract Automation
● Security of Funds
b. Decentralized Funding
● Automated Funding Pools
● Liquidity Providers
● Low Interest Rates
c. Decentralized Governance
● Protocol Governed by LOC Node Token
● Rewards for Token Holders
● Supply and Borrow Rewards
2. LOC OVERVIEW
LOC Node token will reinvent the interaction levels within the blockchain space. The idea has come to existence since 2013 due to curiosity of how to solve the barriers to entry and scalability issue and as well, encourage individuals to become nodes and participate in the world of cryptocurrency. LOC Node will solve all these while also ensuring that the ecosystem is safer than ever before.
2.1 LOC Node Token User Flow
To begin with, a user deposits tokens, NFTs, cryptocurrency or connects a liquidity pool from Aave, Uniswap, or Compound to the protocol or even connects the wallet. Next, you can convert your holdings either partial or in full to nodes of your choice but based on staking. Besides, you can request for a loan for a node or with collateral or even provide a node for a loan. A user can convert holdings to partial nodes or full nodes, receive reward from node of choice as well as LOC Node tokens @TBD emission rate (per block). When users request a loan for a node, they receive rewards from the chosen node and LOC Node tokens.
Node would be launched through Aankr or Amazon Web Services, Grass Roots. Users that request a loan must add a % of collateral that will be determined by the loan algorithm. Loan to Value ratio must be balanced to avoid liquidation. Users that convert wallets must maintain balance up to % 15 risk reduction LOC Node reward. User needs to provide an approved token for the Loan Pool. Users that need access to liquidity against their nodes, assuming LTV ratios are in good standing, can get Fiat, Bitcoin, or Dai, UDST, USDC, or dominant cryptocurrency at a competitive interest rate. Users are encouraged to hold their nodes. Overall, users with LOC Node token receive access to governance voting, insurance protocol and dividends from ad profits from node campaigns.
2.2 Types of LOC Nodes
There are different types of nodes which are:
● Full Nodes & Super Nodes
As its name suggests, every full node holds and stores the entire copy of the blockchain ledger. Thus, they play a vital role in the network by validating the entire history of the blockchain. More interestingly, all full nodes can validate transactions back to the first block. Hence, these nodes disseminate the blockchain with one another and confirm that the most trusted blockchain is maintained. More nodes equal more decentralized networks which makes the network harder to hack. However, a full node can also be referred to as a super node. Depending on the amount of its incoming and outgoing connections, super nodes work round the clock to help synergize the full nodes. They redistribute information and ensure that everyone on the blockchain has accurate information.
● Thin Nodes or Lightweight nodes:
Thin nodes are almost like full nodes but instead of holding the entire copy of a blockchain, they rather maintain a portion of it. For a light node to confirm transactions, it downloads the header of the previous blocks, checkout its query and the validity of its transactions. The block header is the concise information of a particular block and includes summarized information of the specific block to which it is hashed, when it was mined and its nonce (a unique identifying number).
Overall, light nodes can’t work alone without a parent node, normally a full node, which is known to maintain the updated and completed version of the blockchain. Light nodes process less of the blockchain, and don’t disseminate large volumes of data through the network. Thus, they are not powerful and become cheaper to own and maintain as compared to super nodes.
● Mining Nodes:
These are nodes that supply blocks to the blockchain. Miners of a cryptocurrency such as bitcoin miners are also classified as nodes. Their role is to solve a complex computational puzzle by finding a nonce that satisfies the condition of a network difficulty. To solve this puzzle requires brute force and the need of high-performance computer equipment. When a puzzle is solved, the first node/miner to broadcast the result and after the validation of other nodes can propose a new block to the blockchain.
Once a new block is added, the miner is rewarded either in token or cryptocurrency for the energy it takes to solve the cryptographic problem. The major task of mining nodes is to create and add blocks to the blockchain, they are not responsible for validity or maintenance of future blocks. Unlike full nodes, mining nodes do work together to increase the chances of earning rewards. Out of all nodes, only the mining nodes get incentivized. Although, it is worthy to note that mining consumes much of electricity and requires a huge amount of start-up cost to set it up. The incentivization of miners has brought about the popularity in mining pools to pool hash rate from multiple users/sources. On the other hand, there are much fewer full nodes as opposed to blockchain adoption. Even when there are higher numbers of full nodes, it tends to decrease over time. Bitcoin, the first successful cryptocurrency, for example was long shy of 200 000 Bitcoin nodes that were actively running during the peak of 2017 market cycle, as of March 2020, only few more than 40 000 were in full operation.
Often, the ageless question new crypto enthusiasts ask about nodes is: “Why would I run one?” While that would be a great question given the sheer number of wallets that dominate the crypto industry. It is crucial to firstly understand the intangible benefits of running a full node before trying to become one. Besides, LOC Nodes will help bring back incentivization to nodes and as well allow these nodes to enjoy the intangible benefits of becoming one.
2.2.1 Benefits of Running a Full Node
Currently, the benefits are mainly intangible such as being in control of your money, which is your keys. By not trusting anyone to tell you what is true but to crosscheck every claim and approve it yourself. Doing that, you’re taking part in the revolution of money. Besides, LOC nodes have taken it a step further by rewarding nodes and also encouraging the network users to become a node. This is done to address the two major complications in the crypto space.
3. IMPLEMENTATIONS & ARCHITECTURE
The architecture of the protocol entails the design, the requirements and all activities involved on the platform such as lending and borrowing. The protocol is built solidly on the DeFi Ethereum network. The program allows both the borrower and the lender to earn rewards from the tokens borrowed and deposited.
The Node protocol ensures user deposit liquidity, providing collateral before being able to borrow through tokens provided. This ensures that nodes will be forced to repay both the tokens and the interests insured.
The implementation of the node and token policy is explained below and the overall architecture is discussed as well.
3.1 Design Protocol of LOC Node Token
● Users will deposit liquidity to their LOC Node Pool and can also connect their liquidity from Uniswap.
● After depositing liquidity, users can provide their collateral to the pool for a loan.
● Upon providing the loan, users can provide the interest rate based on the asset chosen for the node.
● The next thing is to maintain a liquidity ratio but note that there is no payback schedule for loans.
● Liquidity Providers (LP) are allowed to earn and receive interest based on the asset borrowed.
● Finally, borrowers, Node Loaners and Node converters earn rewards for using the protocol.
3.2 Protocol Requirements
The protocol requires specific programs to ensure the smooth running of its activities. The protocol which works on nodes and tokens needs the ER20 Token creation to be able to create tokens approved by the protocol. These tokens which reward their holders on the platform. The transactions that might involve more than 2 different tokens on the platform needs the usage of Uniswap and Binance protocol to ensure the integrity and security in the token swap.
The following are the requirements of the LOC Node Token protocol
● LOC Node ER20 Token Creation
● Integration with Uniswap and Binance protocol for possible swaps for tokens requested.
● Chain Link oracle Smart contract to govern payment and liquidity schedule.
● Integration with Ankr protocol for node and staking hosting services.
● Reward Payouts based on protocol usage.
3.3 Lending Protocol
Introduction
The lending protocol is an open source, non-custodial borrowing and lending protocol on the LOC Node Token platform. This protocol allows users/nodes to deposit approved tokens to the platform in order to incentivize participation from other users. The tokens deposited sit on the reserve lending pool waiting to be taken out on loans by users. Due to this, users aren’t matched, the platform creates rules to govern ratios, interests, approved tokens and other variety of needs.
Currently, on-chain borrowing and lending is necessary in the blockchain network. This is the reason the LOC Node Token platform is built majorly on speed and lower fees. This will allow users to push the limits on decentralized finance lending and borrowing. It is anticipated to bring more interest from users on more efficient trading on-chain finance, efficient decentralized exchange like liquidation, tighter collateral ratio and many more.
This Lending platform is built to solve users problems when attempting to lend or borrow on Ethereum infrastructure. It is built to help users in having capital efficiency, flexibility with their digital assets, and lower costs. This platform will surely make lending and borrowing on DeFi easier and much better.
Core Lending Protocol
The LOC Node platform is built on tokenism. This allows the lending and borrowing function to be based on a token program. The implementation of the token program in the borrowing and lending function will allow users to deposit and borrow against their assets, manage their debt positions, take positions among the interest rate difference on the various types of token available for the function on the platform.
The adopted form of lending and borrowing which is tokenized, is created to grab opportunities as it is rapidly evolving in the DeFi capital market ecosystem. This lead to complex structured Rick products such as:
● Leveraged borrowing automated position management.
● Secondary markets for interest rate speculation.
● Liquidity management for debt positions.
The lending protocol on the LOC Node Token platform comes in three different forms- Stable rate loan, Variable rate loan and Interest Bearing tokens.
The stable rate loans involve providing loans for node user paths with collateral. The collateral is the value or amount fixed on certain types of tokens.
The Variable rate loan has no affixed collateral or rate to be calculated with the loan, but, it is calculated with the value of the token in the crypto metaverse. It might tend to increase or decrease with time.
However, the interest bearing tokens are the loans in which the platform provides for the users, tokens for lending. These tokens are mirrored directly to the value of certain currencies, NFTs in the crypto metaverse. It has 15% collateral. Reward from nodes must equal standard monthly interest payment up to 70%
4. PRODUCT REQUIREMENTS USER FLOW
There are some requirements needed to be satisfied before users/nodes can do various activities on the platform. The protocol requires the users to satisfy the requirements to ensure the safety required for their activities and transactions. Activities such as token deposition, holdings conversion, launching nodes, have some requirements to be fulfilled by the users/nodes before they can be able to access these options on the platform.
The requirements for each of the options on the platform is listed below:
4.1 Token Deposition
The token deposition is an option that requires high level security. It involves the exchange of coins and valuables from one wallet to the users wallet on the platform. This involves swapping of coins, tokens and currencies on the blockchain network to the platform. Top notch security is to be ensured to eliminate the chances of loss of these coins, tokens and valuables on the network.
The following are the requirements necessary for token deposition on the platform: User deposit tokens, NFTs, cryptocurrency or connect liquidity pool from Aave, Compound and Uniswap to the protocol or connect wallet.
Requirements:
1. Wallet Connection for Meta Mask, Sollet, Coinbase Wallet, Trezor, Ledger, Trust wallet and Exodus
2. Liquidity pools socket connection from Aave, Compound and Uniswap.
3. Liquidity pool for LOC Node provided by user wallets, Aave, compound and Uniswap liquidity providers, and LOC Node depositors.
4.2 To Convert Holdings
Conversion of users’ holdings to nodes on the platform is absolutely important. These nodes play a vital role in the network by validating the entire history of the blockchain. They redistribute information and ensure that everyone on the blockchain has accurate information. The importance of these nodes requires the platform tight security to diminish the chances of losing the holdings during the conversion activity.
Users can convert their holdings (partial or full) to nodes of choice based on a staking calculator or users can request a loan for a node with collateral or provide a loan for a node.
Requirements:
1. Option for users to convert percentage of holdings to node from 1% to 100% user path
2. Wallet user balance and tokens gathered by permission API then locked to LOC Node Contract then node is purchased and set up by LOC Node Protocol or deposits locked by LOC Node protocol.
3. Staking/Node Calculator that shows rewards and node requirements.
4. Request loan for node user path with collateral
5. Provide loan for a node user path
5.3 Rewards from Node Loan Request
Rewards can be earned by users that hold nodes on the platform. These rewards will also be delivered to the lenders and the borrowers holding nodes on the platform. To ensure the delivery of these rewards to users entitled, it is necessary to fulfill the requirements of the protocol.
Users that convert holdings to partial nodes or full nodes receive reward from node of choice as well as LOC Node tokens @TBD emission rate (per block). Users that request a loan for a node also receive rewards from node of choice and LOC Node tokens.
Requirements:
1. Rewards from nodes of choice delivered to users to convert wallets to node & They also receive LOC Node rewards at 5% emission per block
2. Rewards from nodes of choice delivered to users who own a node through a loan & They also receive LOC Node rewards at 5% emission per block assuming collateral rates in good standing.
3. Users that provide loans receive interest rate reward payments from LOC Node protocol (Aave like distribution).
5.4 When Launching Nodes
Launching nodes on the platform involves technical services from various protocols. This is done by connecting the nodes to certain protocols to ensure the security of personal information and transaction. Node would be launched through Ankr or Amazon Web Services, Grass Roots.
Requirements:
1. Connection to the Ankr protocol to launch a node service here a plug and play through API.
2. Connection to Amazon Web services –nodes here can be set up through servers that are more technical.
3. Connection to any turnkey complete node services or grass roots community protocols similar to Ankr.
4. Connection protocols for on chain nodes validators etc.
5.5 For Liquidation and Wallet Conversion
Liquidation of wallet and wallet conversion is necessary for the users to be eligible for loan and rewards from the nodes held. Wallet conversion requires the platform’s security in exchange of the currencies into the approved tokens, NFTs on the platform. Users that request a loan must add a 15% of collateral that will be determined by the loan algorithm. Loan to Value ratio must be balanced to avoid liquidation. Users that convert wallets must maintain a balance of up to 15% risk reduction with LOC Node rewards. Users provide approved tokens for Loan Pool.
Liquidation of wallets occurs in the event of loans defaulting which might happens when there is a fall in the loan to value ratio. There are 3 main paths that needs to be explained based on the liquidation of wallets and conversion of wallets
Path 1: Conversion of wallets via API:
Conversion of holdings to nodes through the use of API service. The API service is a method that allows two decoupled system to interact and communicate with each other. Whereas, the node system allows all system to interact with each other, as long as they are on the node network. Node network allows its users to interact with each other and ensures the integrity and safety in transactions.
The node network allows the mirroring of assets values to Ltoken during conversions. This ensures the safety and integrity in the transaction. The node system also allows users to borrow from liquidity and also to have access to the options of which nodes to export.
Path 2: Collateralization during borrowing:
When taking a loan on the LOC node system, users need to have a 15% collateral. Collateralization ensures that users have the capacity of paying back loan. This ensures the safety of tokens of rendered by lenders on the system.
Path 3: The LOC Node Token protocol provide a robust loan algorithm which entails user adding 15% collateral, rewards from nodes must equal monthly interest, balancing big debt to Liquidity ratio. Also, liquidity providers is rewarded based on their tokens provided to the liquidity pool. This token rewards are both earned by the liquidity provider and also the borrower holding bthe tokens.
Requirements:
1. Approved Tokens+NFT, crypto for wallet conversion
2. Loan Algorithm
● User add 15% collateral
● Reward from nodes must equal standard monthly interest payment up to 70%
● Debt to Liquidity ratio balance up to 65%
3. Liquidation upon LTV ratio drop if no insurance purchased.
● Oracle integration for prices and loans, node deployment
5.6 Liquidity Against Nodes
A liquidity pool in the LOC Node Token protocol is a crowdsourced pool of tokens locked in the protocol that is used to facilitate trades between the assets on a decentralized exchange (DEX).
Liquidity option is accessible to users that have good LTV and long stand of usage. Users that need access to liquidity against their nodes, assuming LTV ratios are in good standing, can get Fiat, Bitcoin, or Dai, UDST, USDC, or dominant cryptocurrency at a competitive interest rate. Users are encouraged to hold their nodes.
Requirements:
1. Access Liquidity option users with Good LTV and long stand usage can get option to get fiat currency TBD see nexo protocol or crypto such as Dai a & interest rate
2. Partial conversion of tokens to Dai or other currencies through selling LOC Nodes or Node rewards. Users can keep for dividends.
5.7 Access to Governance Voting
The protocol fits the needs of the community. This module of the protocol includes a governance “terminal”, essentially an open endpoint, which is accessible for anyone to execute changes and complete upgrades to the protocol if sufficient votes are acquired.
On this note, endpoints are heavily and aggressively defended to counter rogue proposals. Users that hold LOC Node tokens receive access to governance voting, insurance protocol and dividends from ad profits from node campaigns.
Requirements:
1.Governance and DAO writes LOC Node token 1 vote per LOC Node token.
2. Insurance Protocol-This would be a mixture offered by a partner and hedges against asset users must hold a token.
3. Protocol can pay a set of LOC NODE tokens to advertise their protocol to join and have a campaign on LOC Node Protocol.
5.8 User Risks
The platform poses no threat to the personal information of the users stored on the network but adequately secures it and allows access by authorised users only. The platform being decentralised aids in the anonymity of the users by securing their personal information, interactions and transactions details, and lifting the barriers of entry into the network.
The risk that might be thought of, is if the platform goes down in which it will never do. The platform is being constantly managed and maintained.
Decentralisation of the platform allows users to trust the platform fully with their platforms as though, even the developers won’t have access to view information stored on the platform.
Apparently, the platform poses no threat to the users, however, it helps and aids the users in the accessibility of their personal information and funds on the network.
5. MARKETING STRATEGY
As a unique project that introduces a disruptive function to the crypto market, LOC Node will utilize the very best marketing strategy for its platform. We will leverage an effective digital marketing strategy above all other forms. Social media channels like Facebook, Twitter, Instagram, and YouTube will be used to target specific groups through appropriate story contributions and posts.
At the core, our aim is to convey the novel benefits of LOC Node token through clear insights and consistent information. Doing this, we believe will engage even the non-crypto savvy to learn more about what LOC Node token has to offer. In the long run, we will utilize other channels like LinkedIn to maximize our digital strategy and reach out to investors and business partners through social media. To attain optimum reach, we will not limit our digital strategy to organic growth but also paid growth such as paid ads and sponsored posts will be implemented. to
Besides, the company will collaborate with bloggers and influencers on platforms like Reddit and twitter to explain about LOC Node token and to reach our target audience on the group as well. Content marketing will also be planned on platforms like Quora and Medium. Nevertheless, we will provide videos, competitions and information on our social media platforms like Telegram and Tittle. Overall, the summary of all our proposed activities goes thus:
● Social media/ influencer marketing
● Content Marketing (Medium, Reddit, Hacker noon, YouTube, and other platforms that can help complement our brand promotion).
● SEO (news portals, PR, listing websites, and blogs).
● Press Release.
● Community engagement rewards and activities — bounty programs and airdrops.
● Brand Partnerships
● Referral Program
● Exhibition/Industry Events
● Telegram groups
6. TOKENOMICS AND COMPOUNDING REWARDS
The tokenomics of the LOC Node Token shows the massive distribution of the token- 1.7billion tokens. The tokenomics is as follows: 23% for team distribution, 7% for institutional distribution, 11% for marketing, 2% for advisors, 57% for community and platform, 2% for bounty distribution. This all amounts to the 1.7 billion tokens distributed.
Token Name: LOC Node
Total Supply: 1.7 billion tokens
Team Distribution 23%
Marketing: 187 thousand tokens
Development:?
Team & Advisors:391 thousand tokens
Partnerships: 34 thousand tokens
Community & Referrals: 969 thousand tokens
Token Sale: ?
Future Products:?
11. SUMMARY
Most newly formed platforms intend to enhance the usage of the blockchain ecosystem and not solve the arising problem experienced by users. LOC Node Token Platform has the mission and vision to solve the barriers faced by users while using the blockchain network services.
Accessibility to all services, and ensuring the security of the blockchain network has been the aim intended on this project. Ensuring the anonymity of the users will not reinvent the interaction and transaction levels within the blockchain network but also solve the issue of value scalability.
The idea of converting users to nodes has long existed since 2013, due to the problem experienced by users when entering the space and also in the interaction space in the blockchain network.
The LOC Node token which solves all these issues will encourage users to become nodes and participate in the world of cryptocurrency while also ensuring the blockchain space is secured.
These opportunities created by the platform will enhance the trust in the network by users. As long as trust is ensured within the space, the involvement and participation in the network by users will surely increase.
This platform adds great value to the blockchain network and aids in the development of the blockchain technology to ensure its global usage with trust from the users and also security.
