1. Introduction

1.1 Fiat-backed Stablecoins and Stablecoin Arrangements

Stablecoins, specifically fiat-backed stablecoins, are digital currencies pegged to real-world assets such as fiat currency. Letscoin (LTSC) is backed by fiat currency reserves, ensuring that each token maintains a stable value and can be redeemed for its fiat equivalent.

Letscoin operates under a custodial stablecoin arrangement, where reserve assets are held securely and transparently. This provides a reliable bridge between the traditional financial system and the blockchain economy, enabling frictionless transactions on a global scale.

1.2 Background and Roadmap

Letscoin aims to empower local economies while also facilitating cross-border payments and trade. The total global stablecoin market, valued at over $145 billion, has seen significant growth, but Letscoin’s focus on complementary currency sets it apart. The roadmap for Letscoin includes building robust partnerships with local businesses, growing its user base, and expanding the functionality of the Letscoin Marketplace.

2. Tokenomics

2.1 Token Overview

2.2 Token Distribution

Letscoin will distribute its 50 billion LTSC tokens in stages, ensuring liquidity, community involvement, and long-term project sustainability.

2.3 Use of Funds

Funds raised during the two IEOs and subsequent sales will be used strategically to grow the Letscoin ecosystem, expand its reach, and develop new features on the platform.

3. Technology

3.1 Blockchain Infrastructure

Letscoin operates on the Polygon network, an Ethereum-compatible blockchain known for its scalability and low transaction fees. The Polygon blockchain ensures that Letscoin transactions are processed quickly and securely, with minimal gas fees, making it accessible to users worldwide.

3.2 Smart Contract Code

Letscoin’s smart contract is designed with robust security and transparency. It ensures that users can participate in staking, liquidity pools, and governance, with regular audits performed to guarantee the platform’s integrity.

3.3 Commodity Backing and Stable Value

Although Letscoin is primarily a fiat-backed stablecoin, its tokenomics are structured to maintain long-term price stability. The total supply is capped at 50 billion LTSC, preventing inflationary risks while fostering a healthy ecosystem for trade and local economic growth.

4. Use Cases

4.1 Letscoin Marketplace

The Letscoin Marketplace is a central hub where users can buy and sell goods and services, utilizing Letscoin as the primary currency of exchange. Available on both web and mobile apps, the marketplace empowers local communities to trade efficiently and securely, providing an alternative to traditional monetary systems.

Key features of the Letscoin Marketplace:

• Web and Mobile Accessibility: Users can access the marketplace via mobile apps or web browsers, making it convenient for both merchants and buyers.
• Secure Transactions: All transactions are secured through the Polygon blockchain.
• Geotagging and Merchant Rating: Users can discover local businesses through geotagging, and merchants are rated after every transaction to ensure quality and trust.

4.2 Complementary Currency and Economic Growth

Letscoin functions as a complementary currency, meaning it is designed to be used alongside traditional currencies to strengthen local economies. Complementary currencies provide an additional layer of value, allowing communities to circulate wealth within their region and promote local businesses.

Advantages of Complementary Currency:

• Economic Resilience: Keeps money circulating within a community, promoting growth.
• Financial Inclusion: Provides an alternative for people who are unbanked or underbanked.
• Community Empowerment: Encourages local businesses and strengthens social ties through direct trade.
  
  

5. Upcoming IEO on P2B

Letscoin (LTSC) will hold two Initial Exchange Offerings (IEOs) on the P2B Exchange, each running for 14 days. This is a key opportunity for early investors to purchase LTSC tokens before they are listed at a higher target price.

IEO Details:

• IEO Duration: Two separate 14-day periods
• Current Price: $0.70 USDT per LTSC
• Target Listing Price: $1.00 USDT per LTSC
• Exchange: P2B Exchange
  
  

6. Policy Considerations

Letscoin emphasizes compliance with global regulations to ensure the safety and security of its users. This includes measures to prevent financial crimes, such as money laundering, while ensuring that the platform is accessible to all.

By providing full transparency through regular audits and detailed disclosures of reserve assets, Letscoin guarantees the stability and trust necessary for widespread adoption.

7. Conclusion

Letscoin is more than just a cryptocurrency—it’s a movement designed to foster local and global economic growth through the use of fiat-backed complementary currency. With its Letscoin Marketplace, secure blockchain technology, and focus on community empowerment, Letscoin is positioned to become a key player in the future of decentralized finance.

The upcoming IEOs on P2B offer a great opportunity for early investors to join the Letscoin ecosystem and contribute to building a sustainable and equitable financial future.

For more information, visit letscoin.org, follow us on Twitter, and join the conversation on Telegram.