LeadCoin is a decentralized lead sharing network that aims to be the future of web marketing. Here’s our review.
What is LeadCoin?
LeadCoin, found online at LeadCoin.network, lets you share leads in real-time. The company empowers businesses to sell their unused leads and buy hot leads from other businesses.
With LeadCoin, sellers automatically share their unused leads in real-time. Transactions are managed by LeadCoin’s matching algorithm, which analyzes and matches leads to buyers. Leads that didn’t match one business might be the perfect match for another.
Sellers get value for their unused leads, leads find the right solutions, and buyers can buy hot leads. Everyone wins.
The platform is being developed by a company called Webydo. That company found 97% of their leads were going unused. Instead of wasting these leads, Webydo, a Tel Aviv-based company, decided to create a marketplace where they could sell unused leads to interested buyers. That’s how LeadCoin was born.
How Does LeadCoin Work?
LeadCoin is built on a decentralized network. That network’s goal is to provide a real-time supply of hot leads. The network only features leads that have an immediate need for a specific solution. Therefore, buyers can contact these leads knowing that they’re motivated and relevant to their business.
The system features verified contact info and an analysis of the leads’ specific needs, ensuring buyers are getting the leads they’re looking for.
There’s also a lead matching algorithm that helps match the right leads to the right buyers, then suggests buyers or sellers based on search parameters and history.
Businesses on LeadCoin can sell their unused leads to one another, creating a decentralized network that doesn’t depend on a middleman.
The entire platform is built on blockchain technology, including Ethereum smart contracts. Smart contracts guarantee secure transactions based on the parameters set by the businesses themselves. Blockchain also guarantees transparency: buyers and sellers have a transparent public history, including their ratings and details of all past transactions. This ensures both sides can verify each other’s credibility.
The LeadCoin Crowdsale
The LeadCoin crowdsale will last just 100 minutes. The company is selling LDC tokens at a price of 1 ETH = 15,000 LDC. An LDC token represents the right to acquire leads from other businesses in the network.
Of the total supply of tokens, 50% is allocated for the crowdsale. The remaining tokens are reserved for the founding team (10%), Webydo Ltd. (10%), and LeadCoin reserves (30%).
The 100 minute ICO will take place on March 1, 2018. Visit LeadCoin.network for the exact time. After the token sale, the LDC token will have unlimited liquidity because the token is compatible with the Bancor Protocol.
Use Cases for LeadCoin
Many websites and companies spend money to attract traffic to their websites. LeadCoin’s website reports that businesses spend about $200 billion per year attracting traffic to their websites. This spending has consistently grown over the past 10 years. Any business that spends money attracting traffic to its website can benefit from a platform like LeadCoin.
Some of the proposed use cases and target industries for LeadCoin include:
- Real estate
- Website building
- Food services
- Local service providers
LeadCoin’s platform is based on the following technology stack and features:
Ethereum Smart Contracts:
Smart contracts manage all events involving the transaction of leads.
IPFS, or Interplanetary File System, is a decentralized file storage network operating with no single points of failure and no dependence on geographic or political territory.
Whisper provides real-time buyer-seller (P2P) communications over the Ethereum network.
Libp2p is a modular and expandable networking stack powering the market nodes.
React is a framework for building native apps.
Who’s Behind LeadCoin LDC?
LeadCoin is being created by Webydo. Webydo saw great potential in sharing the massive number of unused leads that their web marketing efforts produced (97% of their leads were going unused).
LeadCoin and Webydo are led by founder Shmulik Grizim. Other listed team members include Samy Goihman (COO) and Eyal Rosen (CMO).
The project began a private crowdfunding phase Q4 2017. Development of the platform is scheduled to take place throughout 2018.
Webydo and LeadCoin are headquartered in Tel Aviv, Israel, with a R&D office in Gibraltar.
LeadCoin LDC ICO Conclusion
LeadCoin aims to help online businesses take advantage of unused leads. With LeadCoin, businesses can sell unused leads to a decentralized network of participants. The marketplace features leads available in real-time, on-demand. All transactions are performed using Ethereum smart contracts and the LDC token. You use LDC tokens to purchase the right to acquire leads from other businesses in the LeadCoin network.
The LDC token sale is taking place over a 100 minute period on March 1, 2018. You can learn more by visiting LeadCoin online today at LeadCoin.network.