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Letsfair (LTF) ICO Review

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Letsfair is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information
Ico Time
Jan 24, 2018 – Jan 24, 2023
Token Name Letsfair
Token Symbol LTF
Whitepaper View Whitepaper
Website Link Home
Price
$ 0.01
Platform Ethereum
Soft Cap
n/a
Hard Cap
n/a

More about Letsfair (LTF) ICO:

The goal of the Letsfair project is to build a shared economy network, which in practice, is a marketplace for many types of apps. Our biggest challenge is to promote a decentralized work organization.

The goal of Letsfair is to build a shared economy network, which in practice is a market for many types of apps. Letsfair wishes to create an environment that makes it possible for many entrepreneurs to create these apps simply and engagingly.

For that, we will provide many Blockchain-based features, which is the technology that has been revolutionizing the global economy, because it lowers operating costs and increases trust between people.

Letsfair has the mission of decentralizing the work relations and strengthen the establishment of economic liberalism fairly. We invite you to join us on this journey and help us make history.

Shared economy

Shared economy has started a new way of consumption, in which the people prefer to rent, lease, or share instead of buying. In this new economy, human activities are organized more horizontally than vertically.
In the transportation sector, for example, more and more people choose car sharing services. In the real estate sectors, property owners earn an extra income offering accommodations and experiences for travelers. Now imagine if there were apps for all the other economic activities.

App marketplace

The concept of marketplace is the same as a shopping mall, which gathers many stores in a single place. It is considered advantageous for the consumer because it facilitates the search for the best products with the best price. And the advantage for the store owner is the visibility they get because they have access to the audience of the entire marketplace without spending much on advertising.
But Letsfair is not only a marketplace for product stores; it is a marketplace for shared economy services apps.

Network effect

Letsfair will play the role of connection between suppliers and consumers of many types, becoming a network for many multilateral platforms. When these platforms connect among themselves, they generate a powerful network effect, which exponentially increases its scale.
The more apps arise at the marketplace, the bigger the community will become, and better services will be offered. That will attract more new entrepreneurs and, consequently, new users, generating a virtuous cycle of growth.

Meaning of the name Letsfair

The name Letsfair is an invitation for everyone to participate in the great business fair (let’s go to the fair). The name was chosen because it sounds similar to the French expression, Laissez-faire, which literally means “let do” and it is considered a symbol of the liberal economy defended by capitalism.

The full expression that reveals the idea of “free market” and that led to Laissez-faire is “laissez faire, laissez aller, laissez passer, le monde va de lui-même” which means “Let do, let go, let pass, the world goes on by itself”. The name Letsfair also refers to the expression “Let’s play fair”, which added to Laissez-faire refers to the fair practice of economic liberalism.

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