Currency for the People
localtoken™ is cryptocurrency for a connected community. It’s fast, private, and secure. With localtoken communities and partners can build equity and exchange without having to tap reserves of cash, thereby supporting the local economy.
How is LocalToken Different?
localtoken™ is a decentralized cryptocurrency, meaning it is a secure digital token operated by a network of users. Transactions are confirmed by distributed consensus and immutably recorded on Hedera hashgraph. Third-parties do not need to be trusted to keep your localtoken™ safe.
localtoken™ uses digital signatures to provide you with 100% confidential transactions, and encrypted addresses to safely protect the origins, amounts, and destinations of all transactions. localtoken™ provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions.
localtoken™ functions alongside your national currency and serves 4 basic functions:
- To promote local economic development
- To build social capital within the community
- To nurture more sustainable lifestyles
- To meet needs that mainstream money does not
localtoken™ can be traded in whole or part for real goods or services, special access, discounts, and upgrades from our coalition of local merchants, You can also exchange privately with any individual and/or business users in your community.
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