A shared local-2-local model on the blockchain: A case on 2local

Blockchain technology is making a big entry into every usecase. This is due largely because of the value additives that the technology is loaded with. The decentralized ledger that blockchain technology has attracted many teams to think of a way to apply it to different usecases that will improve the overall life of the people. A new team is leveraging the technology to create a decentralised shared economy of local-2-local transactions.

2local project is building the shared local-2-local ecosystem, which is a disruptive sustainability network and investment access solution that connects buyers with local products and local manufacturers. The major aim of 2local project is to create a platform that promotes local-2-local transactions while rewarding users with benefits such as Cashbacks and loyalties. The project has developed a token system (L2L coin) that grows and increase in value over time.

2local will connect millions of people around the world through its Mobile App. The company will decentralise local-2-local transactions and promote a sustainable increase and prosperity of the economy.

Detailed Review of 2local Project

IDEA/CONCEPT/MISSION

• 10/10

The idea behind 2local is to develop a decentralized shared sustainability platform that will connect people and allow them to perform local-2-local transactions . The project will promote prosperity with the 2local platform, by rewarding local-2-local and sustainable purchases. The 2local platform is equipped with a payment app including a marketplace with local and sustainable companies, with a monthly cashback for payments with L2L-coins which are designed to rise in value.

TOKEN METRICS AND UTILITY

• 7/10

2local is a regulatory complaint project that is registered to operate. 2local is currently doing it's tokensale — the IEO is live at p2pb2b exchange. The 2local blockchain platform will be powered by L2L coin which is a stellar based token.

• Utility

Two billion 11.4 billion L2L (54%) of the total token 20 billion L2L will be offered for sale. The team will use a huge part of the money raised during the sales to to sustain the ecosystem. 4% of the tokens will be reserved for the contributors.

• Total supply: 20 billion L2L
• Tokens for sale: 11.4 billion L2L
• Marketing/Promotion: 1.8 billion L2L
• Contributors: 800 million L2L
• Ecosystem: 6.6 billion L2L

ROADMAP

• Grade: 7/10

The roadmap that was designed by 2local team is clear and detailed, indicating the level of dedication the project team is putting in to the success of the project: The structure of the roadmap will give investors and interested persons assurance of a profit return on both shirt and long term. The project also indicated in the roadmap how the team has engaged before the staging of tokensale, so that investors know the current status of the development. 2local plans to launch full version of its platform by Q4 of 2020

TEAM/ADVISERS

• Grade: 9/10

The project team of 2local is huge and extensive, with the industry experts that has long years of experience and the right knowledge in all the areas that is required for the success of the project. The team members are experts from different fields. The advisers are also well experienced in business and marketing and algorithm analysis — with most of them coming from successful organisations and enterprises. I am very confident that the 2local team has the required experience to help the project scale smoothly.

PROTOTYPE

• Grade: 5/10

2local proposes to commence the development of its platform by Q1 of 2020. However, not much is said about the processes of onboarding of members or the MVP

COMPETITION

• Grade: 8/10

The major market competition that 2local faces is mostly from existing blockchain companies such as
BeeToken, SnagRide, Aworker, ShareRing, KeepGo and Origin protocol which is building a platform that empowers developers and businesses to create their own decentralized marketplaces.

However 2local is leveraging the decentralised infrastructure of blockchain technology — the project aims to offer a massive ROI to investors while connecting buyers with locally made products. There is a lot of space for development in shared economy, and 2local plans to utilise the advantage to laugh it's platform.

HYPE

• Grade: 7/10

The telegram group of 2local project currently has more than 27k members while their Twitter page has around that same number of followers — these are decent numbers. Furthermore 2local has made massive partnership and collaborations with big industry giants such as stellar, p2pb2b, Binance, pesCheck etc

Summary

• Grade: 8/10

2local is an excellent blockchain project with a well designed roadmap and an incredibly experienced project team — If the proposed timeline is followed and the team engage in more promotions and partnerships the project will definitely shoot to the moon

🌐 Website — https://2local.io/
📑 Whitepaper — https://2local.io/docs/Whitepaper.pdf
📧 Telegram — https://t.me/Group_2local
🔊 LinkedIn — https://www.linkedin.com/company/2local
🕊 Twitter — https://twitter.com/2local1
📘 Facebook — https://www.facebook.com/2local-2297961593816000