Lokalize (LOKAL) ICO Details & Financial Information

Blockchain technology has taken the world by storm and is the foundation for all Cryptocurrencies, Crypto Tokens and Smart Contracts. It has enabled us for the first time, the ability to create, store and transfer value between parties, without the need to establish trust or use 3rd party intermediaries. In the case of Smart Contracts, we can now even create, distribute and run decentralized apps which run exactly as programmed, without any possibility of downtime, censorship, fraud or 3rd party interference. Beginning in 2009 with the introduction of Bitcoin, the world’s first Cryptocurrency, the Blockchain market has evolved through numerous stages and the general public’s perception has gone from extreme skepticism, to acceptance and near-hysteria as alternative coins, also known as altcoins began emerging at an exponential rate.

At present, there are approximately 1,600 different tokens including the original Bitcoin1. The total market capitalization of all tokens combined is more than 250 billion USD, having peaked at more than 800 billion USD earlier this year2. Although staggering, we believe this is just the tip of the iceberg and the potential size of this market is many times greater. Most of these new tokens came about by way
of a Token Generation Event or TGE3.