Leondrino Exchange, Issuer of Digital Branded Currencies, Announces Its Own Digital Currency XLEOLeondrino Exchange, Issuer of Digital Branded Currencies, Announces Its Own Digital Currency XLEO

On November 6, 2017, the new digital currency XLEO will be available as a Pre XLEO Token (PXLT) for a limited period of 4 weeks on the Ethereum Blockchain. The PXLT is offered by the Berlin-based Leondra GmbH, licensee of the Leondrino Exchange for the German market.On November 6, 2017, the new digital currency XLEO will be available as a Pre XLEO Token (PXLT) for a limited period of 4 weeks on the Ethereum Blockchain. The PXLT is offered by the Berlin-based Leondra GmbH, licensee of the Leondrino Exchange for the German market.

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The Leondrino Exchange, founded in late 2014, has set itself the goal to create a framework that enables companies and investors to safely use the new digital currencies. In this context, Leondrino Exchange offers companies currency management as a service and is working towards a regulated standard of its Leondrino Lifecycle in key jurisdictions. Branded currencies not only give companies the ability to raise growth capital, they are also a revolutionary customer retention tool.

According to Smith & Crown’s crypto analysts, Blockchain startup companies have raised more growth capital through initial coin offers (ICOs) than through traditional capital increases in the first six months of this year. This new form of financing for companies through the issuance of a digital currency has therefore already proven successful in practice in the Blockchain and crypto environment.

The Leondra GmbH, the licensee of Leondrino Exchange for the German market, is working together with partners and first pilot customers to create a platform to enable this new form of financing for traditional industrial and service companies outside the pure Blockchain and crypto scene in Germany. Four small and medium-sized German companies are already preparing to issue their own currencies in cooperation with the Leondra GmbH.

Leondrino introduces the XLEO – a bridge currency that ensures rapid exchangeability of the participating currencies within the Leondrino ecosystem – to make the various brand currencies exchangeable. A partial amount of the so-called tokens will be offered from November 6th to December 4th, 2017 as Pre XLEO Token (PXLT) by Leondra GmbH on the Public Blockchain of Ethereum. After Bitcoin, Ethereum is the second best-known public digital currency network.

The XLEO token is used within the Leondrino ecosystem as a unit of account. It is planned to launch the XLEO token in mid-2018 via the upcoming Leondrino MainNet.

The funds raised through the ICO of the PXLT will primarily be used for the continued development of the company, especially in terms of software development, the clarification of regulatory and compliance issues, and the preparation for the launch of the planned Leondrino MainNet.

For detailed information about the PXLT TGE please visit https://pxlt-tge.leondrino.com; general information about Leondrino at www.leondrino.com.


Summary of the PXLT Token Sale

Token Sale Period4 weeks: November 6, 2017 at noon (UTC) until December 4, 2017 (UTC) hard stop; Token Sale will be over once the max. contribution cap of 50,000 Ether (ETH) is reached.
Accepted CurrencyETH (Ether)
Initial Price200 PXLT : 1 ETH
Bonus ScheduleFirst two weeks 200 PXLT for 1 ETH, second two weeks 175 PXLT for 1 ETH
Min Contribution Goal10,000 ETH
Max Contribution Cap50,000 ETH
Creation Cap10 Million PXLT
How are funds held?Via a Smart Contract on the Ethereum Blockchain
Smart Contract SecurityMulti-signature smart contract for administration of a Token Generation Event (TGE) (enforces four-eyes principle to manage the TGE and the transfer of contributions)
AuditorBackes SRT GmbH, Saarbrücken

Detailed Overview of XLEO and PXLT

Role of TokenXLEO: Bridge currency in Leondrino Ecosystem; additional function of reserve currency in the future;

PXLT (Pre-XLEO Token) is an interim token.  PXLT will be exchanged for XLEO after the launch of the Leondrino MainNet. (Exchange rate: 1 XLEO for 1 PXLT)

Initial Distribution in PXLT Token Sale10 Million PXLT
Token Supply of XLEOFixed „XLEO Base Line” of max 1.26bn including PXLT and all presales packages to institutional investors as well as the planned public offer to XLEO.

Additional supply depending on the total volume of all issued Leondrino to ensure the role as a bridge currency.

Blockchain /
DLT Platform
PXLT on Ethereum, Deletion after exchange in XLEO
XLEO on future Leondrino MainNet
Consensus MethodProof of Work on Ethereum;

Proprietary consensus algorithm on a consortium network on Leondrino MainNet (will be audited by external auditor before exchange of PXLT into XLEO)

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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