Launching of Fiat-Digital Asset Purchasing platform "Locus Citizen"
Launching of Fiat-Digital Asset Purchasing platform "Locus Citizen"
‘LOCUS CITIZEN (locuscitizen.com)’, a web-based purchasing platform for purchasing ‘Locus Loyalty Point’, which can be purchased with fiat money and exchanged equivalently with Locus Chain, has launched.
‘Locus Loyalty Point’ has a 1:1 link value with Locus Chain, and is similar to cryptocurrencies in the sense that its value increases as demand increases. The simplified purchasing and managing procedures and the ability to easily purchase the assets with fiat money while maintaining the features of cryptocurrencies will work as a significant advantage to investors worldwide.
Locus Chain Holdings claimed that it began this service for customers who are unfamiliar with cryptocurrency and those who have difficulties purchasing due to the complexity of the management process, various restrictions, and lack of information. In addition, Locus Chain Holdings is expecting to stabilize the market and increase Locus Chain’s value. It is planning to activate Locus Chain and secure areas of real usage in order to build the coin ecosystem before the launching of the main net.
Locus Chain’s founder, president Sang-yoon Lee (left) and first registered member (right) posing for the opening celebration of ‘LOCUS CITIZEN’
‘LOCUS CITIZEN’ operates in the following ways. Once a user purchases Locus Loyalty Points through the ‘LOCUS CITIZEN’ website, the points are immediately provided to the user, and the ‘LOCUS CITIZEN’ operating team buys the Locus Chain corresponding to the amount of points purchased by the users through a cryptocurrency exchange. After three months, the user may exercise the rights to the Locus Chain corresponding to the purchased points and may require its sale.
Hence, as more users begin to purchase points, the amount of Locus Chain purchased through exchanges naturally increases. In addition, since it is held on lock for 3 months, it can help stabilize the Locus Chain market and increase the value as well.
In the near future, Locus Loyalty Point is aiming to be used as cash in large-scale supermarket/ grocery chains and various real-life usages including Locus Chain’s current partner, Let’s Fly Free, and additional future partners. Each place will apply its own promotion such as discounts to customers who purchase products with points. The places that get secured will naturally begin to use Locus Chain as a means of trading once the main net gets launched.
LOCUS CITIZEN work flow
Through ‘LOCUS CITIZEN’, Locus Chain Holdings believes that the influence of Locus Chain, which has been largely promoted with regards to high-ranking government officials and large corporations, can extend to the local community. Once Locus Chain becomes more recognizable to general investors, it will become a major step in building the coin ecosystem that will be constructed after the launching of the main net. In addition, once Locus Chain’s own exchange gets established, not only will the reserves within the exchange be used for the foundation holding amount but also the additionally purchased Locus Chain through this project, stabilizing the market and increasing the value of Locus Chain.
Locus Chain Holdings is an overseas branch for Blockchain consulting and Infrastructure building of Locus Chain and Bloom Technology, and is engaged in Blockchain consulting tasks with the local government and other Blockchain companies. It recently opened its new project “LOCUS CITIZEN”.
