Part D: Information about the crypto-asset project
This whitepaper follows the draft technical standards specifying certain requirements of the Markets in Crypto Assets Regulation (MICA) as published in ESMA's Final Report from 3 July 2024
Crypto-asset project name
OffChain Luxembourg Token
Crypto-asset name
OffChain Luxembourg Token
Abbreviation
OCLT
Crypto-asset project description
The project aims to establish a trustworthy, community-centered economic and social ecosystem across the Greater Region. By utilizing a MiCA-compliant token, it seeks to build a decentralized platform that empowers users to connect securely, while ensuring safety and regulatory compliance.
Details of all natural or legal persons involved in the implementation of the crypto-asset project
Adrian-Sorin Cristescu, Wim Stalmans, Christina Agudo, Anthony Mansour, Umberto Benti, Elodie Hamm, Gianfranco Laera, Frank Christiaens, Iulian Nita, Kevin Colgan, Paul Tryoulère-Roberjot, Edgar Moussin
Utility Token Classification
FALSE
Plans for the token
OffChain Luxembourg a.s.b.l. has been founded in June 2024 and issued the OCLT token in the Hive ecosystem on 9 May 2024 at Hive block 85250550. The next milestone is to conduct a token offering starting on 30 December 2024 as the first token adhering to the Markets in Crypto-Assets (MiCA) regulation and all applicable laws being offered to the public in Luxembourg.
Resource Allocation
To date, the association has paid €5,600 in intern salaries over a period of four months, along with an additional €600 allocated to other operating expenses. Additionally, members of the association have collectively contributed more than 1000 human hours towards the development of the project.
Planned Use of Collected Funds or Crypto-Assets
The collected funds will be allocated to create a minimum viable product (MVP) of our platform, to generate employment opportunities within the blockchain sector, and to prepare a bigger token offering for the platform implementation.
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