LuxAlpa Chain is a newly developed main chain based on DAG (Directed Acyclic Graph) underlying technology, and is committed to creating a reliable smart contract programming platform and blockchain operating system.
LAC is the main chain built using DAG blockchain technology for the issuance and circulation of LAC tokens. The international e-commerce platform can realize the on-chain of products and assets through the LAC main chain, and exchange tokens at a certain ratio according to the perfect exchange system in LAC, and at the same time disclose it to token holders, saving tokens The tedious work of the transaction, the transaction can be verified and confirmed in near real time, and the automatic settlement. At the same time, the regulator can use the security guarantee of cryptography to audit the log records that cannot be tampered with.

Project Introduction

LAC is the main chain built using DAG blockchain technology. The technical indicators have surpassed blockchain 3.0, and the TPS test data has reached the level of 10,000 per second. ElChain is used for the issuance and circulation of LAC tokens. Various industry platforms can realize the on-chain of products and assets through the LAC main chain, and exchange tokens at a certain ratio according to the perfect exchange system in LAC. It is open to token holders, saving the tedious work of token transactions. Transactions can be verified and confirmed in near real time, and automatically settled. At the same time, regulators can use the security guarantee of cryptography to audit log records that cannot be tampered with.

The LAC ElChain development team is from Silicon Valley in the United States. It has been deeply involved in the development of financial payment related products for many years, and has rich experience in the research and development of the underlying technology of the blockchain and the application development of the blockchain financial field.

LAC main chain has the following characteristics:

1. Avoid false information to the greatest extent, and share data globally. Users who meet legal needs can access and benefit from all data on the chain. The security and integrity of the capital data on the chain can be fundamentally guaranteed, and no credit risk will occur.
2. Currency value fluctuations are related to stock price fluctuations, and the issued tokens are digital assets backed by stock values.
3. The buying and selling of tokens can be completed at any time, corresponding to the transfer of token ownership in the account, and the transaction cannot be tampered with.
4. Clearly records the connection between smart contracts and legal documents written in written language. Relying on the automatic execution of smart contracts, there is no need for a third-party agency to supervise the execution, saving labor costs, improving execution efficiency and accuracy, and there are many links, which take a long time to achieve financial disintermediation.

LAC ElChain application scenarios and ecological layout

Payment ecology of LAC

In addition to the huge technological innovation, LAC must rely on a huge user base to subvert the payment model. After consumers place an order on LAC's e-commerce platform, they will directly use LAC to pay. After the harvest information is uploaded to the chain, the e-commerce provider will immediately receive the LAC token. LAC token can realize the linkage of online and offline payment, and the combination of online payment and offline payment can provide users with more perfect services.

Payment Incentive Model

Users who use LAC to pay can get a corresponding certain amount of bonus points, and the points are not only the proof of LAC's rights and interests. The larger the amount of LAC transactions, the more reward points you will get. Similar to many online e-commerce platforms, points can be used to spend in lucky draws, purchase coupons, deduct consumption amounts, exchange for consumption prizes, and participate in offline activities. In addition to the many e-commerce platforms on the LAC chain, LAC will also carry out extensive cooperation and linkage with chain convenience stores, movie theaters, restaurants and other consumption scenarios.

Cross-border payment

Cross-border payment is an important field of decentralized application of digital currency. Under the current background of international finance centering on countries, transaction costs are high, transaction restrictions are many, transaction time is long, and transaction efficiency is low, making cross-border payment theoretically no different from domestic payment. The payment can be completed only by knowing the address of the other party. Compared with the current centralized financial institutions, the transaction fee is greatly reduced, and the transaction time is greatly shortened. Realize the role of blockchain in removing intermediate links.

With the development of cross-border e-commerce platforms, payment is not limited to one country, and the imperfection of cross-border payment functions is gradually emerging. There are more than 10 billion cross-border payment transactions through banks worldwide each year, with a scale of more than 25 trillion. Due to the different exchange rates between countries, the payment and settlement procedures are particularly cumbersome. A cross-border payment transaction usually takes at least 24 hours to complete, and The handling fee is high, with an average handling fee rate of 7.68% for each remitter, seriously affecting the development of international e-commerce.

An important field of decentralized application of digital currency in cross-border payment. Digital currency payment can be completed only by knowing the address of the other party. Compared with the current centralized financial institutions, the transaction fee is greatly reduced and the transaction time is greatly shortened. Realize the role of blockchain in removing intermediate links. When paying with digital currency, cross-border payments are no different from domestic payments.

When the user travels abroad, as long as there is a network in the local area, the real-time exchange of LAC can be realized, which saves the link of currency exchange and does not need to carry a large amount of legal currency on the body, making the travel process easier and safer.

Distributed community ecology

The complete ecology of LAC needs to rely on a huge community system, which includes e-commerce, consumers and upstream suppliers on the chain. The goal of LAC is to make e-commerce and consumers mutually beneficial and co-exist in this ecology and cooperate for a win-win situation. While LAC uses innovative technology, it also carries out model innovation, so that the ecological builders of LAC can get dividends in the development of LAC.

E-commerce

On traditional e-commerce platforms, merchants and platforms have unequal rights, and merchants are disadvantaged relative to the platform. The platform has mastered the two core resources of traffic and information. This demand choice is forced to accept. LAC will integrate many e-commerce platforms and share traffic resources, and many e-commerce platforms will no longer have entry barriers and entry fees.

LAC integrates traffic and information resources, greatly reducing the customer acquisition cost of e-commerce. At present, the cost of acquiring customers for e-commerce on the platform is extremely high. In order to obtain high-quality customers, huge marketing costs have been invested in advertising and media marketing. On the LAC platform, e-commerce companies can advertise at very low prices in the form of LAC. After integrating multiple e-commerce platforms, resources will be highly concentrated on LAC to provide consumers with one-stop services.

Consumer

The maintenance of original consumers and the continuous increase of new consumers are necessary conditions for the sustainable development of the platform. Most of the current blockchain platforms have insufficient incremental users and lack of development momentum. LAC will build a complete membership system, weighted according to consumers' consumption, consumption frequency, and online activity (online time, browsing frequency), consumers are divided into three levels of membership system, of which the first level is the highest and the third level is the lowest. First-level members and second-level members will receive different consumption red envelopes at the beginning of each month, and each month will be reweighted and graded to encourage platform users to spend on LAC.

Community-based Distributed Governance

LAC will adopt "TheDAO" - a distributed autonomous organization. A distributed autonomous organization is an entity that operates through smart contracts. It is a new form of organization that connects individuals, individuals and organizations, or organizations and organizations through smart contracts.

LAC will hand over governance rights to the community, and use technology to make decision-making democratic and efficient management compatible. Adopting community-based distributed governance means mobilizing the enthusiasm of community members as much as possible, so that community members can share rights, truly gain a sense of belonging in LAC, and gain dividends in the rapid development of LAC.

Pan-financial ecology

Blockchain has been widely regarded as a transformative technology to restructure the entire financial system in the next two decades, and it will be widely used in major financial service fields such as bank loans, securities, insurance, and big data credit investigation. In addition to consumption, LAC can also provide platform users with comprehensive financial services such as zero-deposit installment and micro-loans. In order to meet the consumption needs of users, LAC provides micro-loan business. According to the user's consumption situation and credit history on the platform, different amounts of LAC tokens can be obtained, and the user only needs to pay interest every month before paying off completely.

For groups whose consumption capacity is not enough to purchase large amounts of goods, LAC can allow installment payment. For goods exceeding a certain amount, users can freely choose to pay in different terms, and only need to pay a small additional handling fee in addition to the rated repayment in each period. If the repayment is not due, the platform will lower the user's membership level and credit score.

For some first-level members with higher credit ratings, LAC will provide them with high-leverage loan services on the premise of fully assessing risks through data analysis to ensure that members have sufficient funds when using large amounts of funds.

Charity ecology

In most of the current non-profit organizations, the whereabouts of charitable funds is opaque, and even if it is made public, it cannot be effectively supervised, causing these organizations to "become both athletes and referees". The process of raising and using money is difficult to be transparent and open, and project parties can easily embezzle funds in violation of regulations, and even project fraud. Public welfare funds first enter the account of the central organization, and then are operated and processed by the organization. Multi-level operations increase the cost of the project. This is irresponsible to donors and beneficiaries of donations, and it is not conducive to the development of social welfare undertakings.

Blockchain technology is famous for its immutability and traceability. If the distributed ledger mechanism is used, every expenditure will be disclosed to the donor, and the donor will use the blockchain technology for every donation. Tracking can ensure that the funds donated by oneself are finally applied to the places where they are needed.

LAC will support public welfare information on the chain, use the blockchain general ledger technology to keep accounts, record online donations, fund transfers, and some online payment data on the blockchain, and solve the donation process. the problem of information asymmetry.

In addition to recording information on the chain, with the support of payment ecology and smart contracts, LAC can also realize the donation of digital assets through smart contracts, eliminating the need for other intermediate agencies such as manual appropriation, and eliminating the gaps in donations. evil deeds.

The main chain system of LAC will also provide support for the charity ecology, because the main chain of LAC is usually "completely decentralized", because no individual or organization can control or tamper with the reading and writing of data in it. Therefore, both donors and recipients can fully trust the information on the LAC chain.

With the help of a complete financial service system and payment ecology, LAC uses the blockchain to fully transparent all financial systems of public welfare funds in the process of bookkeeping, and professionalizes, flattens and disintermediates public welfare foundations. Gradually expand the accounting nodes of the blockchain, and organically integrate donors, charitable organizations, funding channels, upstream procurement and professional assistance service providers, recipients or projects into LAC's public welfare blockchain ecology.

E-commerce crowdfunding

Crowdfunding refers to the mode of raising project funds from netizens in the form of group purchase + pre-order, which can provide strong financial support for those who are creative but lack funds.

The current crowdfunding platform, as a third-party center, provides a link between investors and promoters, and strengthens the cooperation between the two parties, but it does not undertake the responsibility of supervising the use of funds as planned, and cannot serve the rights and interests of investors. Provide protection. Crowdfunding is considered to be one of the most perfect landing scenarios of the blockchain other than payment. It solves the trust problem between investors and promoters, uses smart contracts to complete the implementation of rights and responsibilities in crowdfunding, and can also record the sponsorship. Project progress and various expenditures.

For example, A publishes a crowdfunding project on LAC, B invests a certain amount of LAC to participate in the crowdfunding, A starts the project after receiving the first batch of funds, and during the operation of the project, B needs to record the major expenditure information in the chain Important decisions should also be disclosed on the chain in a timely manner. When B completes the original goal of the project, the smart contract will continue to transfer follow-up funds to A's address.

In addition, crowdfunding initiators can also directly develop Dapp projects on the LAC main chain, use the LAC TOKEN obtained from crowdfunding directly for project development, or use the LAC pan-financial ecology as collateral to obtain start-up funds, eliminating the need for intermediate links , Reduce project development costs.

For e-commerce platforms, e-commerce on LAC can raise project funds through smart contracts, and investors can also follow project progress and obtain the latest information at any time. E-commerce crowdfunding avoids the information asymmetry problem of traditional e-commerce crowdfunding platforms, greatly reduces the start-up cost of e-commerce promoters, expands the e-commerce ecology on the LAC platform, supports "mass entrepreneurship and innovation", and allows capital Organically combined with entrepreneurship.

So far, LAC, as a highly practical decentralized distributed application development platform, may completely reshape the existing operating mode of the Internet of Things, turn the economic incentive system itself into a system that can circulate within the system, and create a The fully decentralized Internet value transmission ecosystem has become a practical blockchain infrastructure that can support large-scale applications, and is the cornerstone of building industry public chain infrastructure and the next generation of global value Internet.

Related links:

https://www.zhihu.com/question/306588221