# Part D: Information about the crypto-asset project

<table><thead><tr><th width="226">MICA requirement</th><th>Value</th></tr></thead><tbody><tr><td>Crypto-asset project name</td><td>OffChain Luxembourg Token</td></tr><tr><td>Crypto-asset name</td><td>OffChain Luxembourg Token</td></tr><tr><td>Abbreviation</td><td>OCLT</td></tr><tr><td>Crypto-asset project description</td><td>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.</td></tr><tr><td>Details of all natural or legal persons involved in the implementation of the crypto-asset project</td><td>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</td></tr><tr><td>Utility Token Classification</td><td>FALSE</td></tr><tr><td>Plans for the token</td><td>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.</td></tr><tr><td>Resource Allocation</td><td>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.</td></tr><tr><td>Planned Use of Collected Funds or Crypto-Assets</td><td>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.</td></tr></tbody></table>