Public Sale - Q2 2018

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LegalThings One

The blockchain for smart law & regulation

Buy LTO Tokens Join our Telegram View on Github

Winner of the Blockathon by the
Dutch Ministry of Justice and Security
a selection of our clients

Sale starts Q2 2018

Sales
Level 1
Bonus
6M LTO
Level 2
20%
16M LTO
Level 3
10%
32M LTO
Level 4
5%
48M LTO
70M LTO
Level 5
0%

Bonus levels are based on USD value of total funds received

Buy LTO Tokens

Roadmap

Presale
Through goal 1 we focus on getting a first alpha version of the LegalThings One platform out for user testing. From a business development and marketing perspective we focus on showcases to get the world familiar with the concept of a legal blockchain solution.
More...
Software Development deliverable Status
Release employment contract example with clause violation and finite state machine demonstration on app.livecontracts.io Completed
Release Employment contract example with clause violation FSM on app.livecontracts.io Completed
Beta release Legal Fling: A Live Contract showcase to digitize Swedish law to get explicit sexual consent Completed
Blockchain signing integration Completed
Communication & marketing deliverable Status
Prepare & review marketing plan Completed
PR on Live Contract showcase LegalFling.io Completed
Feature LegalWeek New York Completed
Business development deliverable Status
Partner with Brazilian company to enter Latin America region Completed
Partner with Brazilian consulting firm to manage translations of marketing material and website Completed
Partnership with Ministry of Justice to build legal flows for ‘low classification cases’ Completed
Goal 2
Through goal 2 we focus on the PaaS version that can be used by third parties to create their own Live Contract solution. From a business development- and marketing perspective we will release LTO showcases in our core verticales: Document Transaction Management, Regulatory & Compliance and Tokenization of illiquid assets.
More...
Software Development deliverable Status
Release Legal Fling in Apple App Store Delayed - May 2018
Release Legal Fling in Google Play Store Delayed - May 2018
Publishing of Live Contracts protocol specifications Completed
Release fully automated bounty program to track referrals and manage payouts Expected - April 2018
Private Beta release of the LTO PaaS during the biggest blockathon in the world Completed
Public Beta release of the LTO PaaS Expected - May 2018
Integration with blockcert certification module Expected - April 2018
Release HR contract package Expected - May 2018
Release Waves anchor (open source) Expected - April 2018
Business development deliverable Status
Partnership with blockchain partner for tokenization procedures of illiquid assets (art/shares/real estate/etc.) Completed
Win assignment / tender with multinational or government that focuses on compliancy Completed
Partnership with big law firm or legal process innovator in the USA Expected - April 2018
Hire representative in the USA Expected - April 2018
Release updated livecontracts.io website Completed
Publish updated roadmap Completed
Start LTO main token sale Expected - May 2018
Goal 3
Through goal 3 we focus on the production version (v1) of the LegalThings One PaaS. In this level we also focus on partnerships to develop production ready solutions on the LTO PaaS in our core verticales: Document Transaction Management, Regulatory & Compliance and Tokenization of illiquid assets.
More...
Software Development deliverable Status
Release v1.0 LTO Paas Expected - July 2018
Proof on concept smart contracts escrow service Expected - July 2018
Release real estate contract package Expected - August 2018
Release rights shares procedure for music and movie industry on LTO PaaS Expected - September 2018
Release NDA-app in collaboration with Quislex, the world’s biggest Legal Process Outsourcer Expected - September 2018
Release open source LTO event viewer Expected - September 2018
Communication & marketing deliverable Status
Deep dive comparison between LegalThings One & competitors (Agrello, Blockcat, Etherparty, Accordproject) Expected June - 2018
Joining incubator programs of the world’s leading law firms Expected - September 2018
Business development deliverable Status
Hiring junior & senior business development talents that specialize in the most popular LTO regions Expected - September 2018
Partner with Asian company to enter Asian region Expected - September 2018
Develop technical and legal standard building blocks for the LTO platform Expected - September 2018
Hire a dedicated English & Mandarin language community manager Expected - August 2018
3 integrated enterprises on the LTO PaaS Expected - September 2018
Goal 4
In level 4 we have the platform ready to fork all our existing clients on. We will replace the SaaS with the PaaS core. This means that we need to deploy many integrations with existing software such as open source user management, deployment support, tokenization integrations, smart contract libary and IoT product integrations.

From a business development perspective we are merely focussing on PaaS usage. Our goal is to have at least 50 integrations by businesses themselves or via third party integration partners.
More...
Software Development deliverable Status
Release v2.0 LTO PaaS Expected - November 2018
Internet of Things integrations in Live Contracts Expected - December 2018
Integrations with LDAP and Active Directory (open source user management) Expected - October 2018
Integrate Waves platform smart contract library Expected - November 2018
Deployment support for AWS, GCP and Azure Expected - October 2018
Allow external API’s on marketplace Expected - December 2018
Release token leasing program Expected - October 2018
Business development deliverable Status
Creating a plug-and-play Live Contracts database in collaboration with lawyers worldwide Expected - December 2018
Setting up the framework for cannabis regulation in the US Expected - November 2018
First ICO procedure via Live Contract Platform Expected - November 2018
Release sales contract package Expected - November 2018
Regulated ICO’s on the LTO PaaS Expected - November 2018
50 integrated enterprises on the LTO PaaS Expected - November 2018
Goal 5
Goal 5 will be the maturity phase of the LTO Platform. The new feature will be the marketplace. In order to scale the use to our maximum of 10.000 platforms we need to provide for add-on and integrations. LegalThings will provide for the necessary integrations to have a full solution. But other integrations can be offered by third parties.

From a business development perspective we are merely focussing on PaaS usage.
More...
Software Development deliverable Status
Release open marketplace for add ons and integrations on the LTO PaaS Expected - January 2019
Release drag-and-drop module for building Live Contracts as commercial add-on for the LTO PaaS Expected - January 2019
Release customer & identity management application as commercial add-on for the LTO PaaS Expected - January 2019
Communication & marketing deliverable Status
Host an annual LTO conference, engaging with experts, ambassadors and officials Expected - March 2019
Business development deliverable Status
Partnerships with PaaS integrators Expected - March 2019
Partnerships with other blockchains Expected - March 2019
Increase number of sales staff Expected - March 2019

Core verticals

Digital Transaction Management (DTM)
$30b
The end of the analog paper era is fast approaching and in an ever more digital world, expectations rise. Effective processes are crucial to keep up with these expectations. Digital Transaction Management accompanied with blockchain technology provides an opportunity to remove the frictions in transactions that are inherent to processes that involve people, data and documents. All of this while increasing security and audit-ability.

LegalThings One currently supplies:
  • Cradle-to-grave employment processes
  • NDA Application
  • The Netherlands biggest notary network
Read more
Regulatory and Compliance
The world is becoming increasingly interconnected. But this globalization and digitization leads to increasingly complex regulatory and compliance requirements for (global) corporations. The governments who propose these regulations have to make sure their own processes are digitized in the right way as well.

LegalThings One currently supplies:
  • GDPR Compliance for insurance companies
  • Automation of transfer pricing documentation
  • Workload reduction on small- and petty crimes
Read more
$25b
Tokenization
$20b
There are a number of platforms, including Waves, that focus on tokenizing assets. These initiatives assume that these assets are publicly tradable, in other words liquid assets. There are big business opportunity in tokenizing non-liquid assets.LegalThings One provides you the infrastructure to make your tokenization ideas compliant with local laws and regulation.

LegalThings One currently supplies:
  • Regulatory frameworks for tokenizing illiquid assets
  • Tokenizing the Dutch company shares
Read more

Discover LegalThings One

Picture this. A contract or law visualized in such a way that it is understandable for both computers and humans. With Live Contracts, we enable equality of rights for all parties involved.

The LegalThings One Whitepaper gives an indepth description of the technical concepts behinds LegalThings One. Reading this paper requires some knowledge of computer engineering.

A Live Contract is an agreement that is formalized as a Finite State Machine. LegalThings One runs Live Contracts and stores information in a provable, immutable way on a public decentralized storage.

Ready to start building? The specifications contain the JSON schemas of all components of Live Contracts, as well as other implementation details like encryption.

The idea for Live Contracts has been lingering around for a while. Take for example the extant concept of Ricardian contract by Ian Grigg, an expert in hash chains and other cryptography topics, during the mid 1990s.

"We show that the fundamental legal structure of a well-written financial contract follows a state-transition logic that can be formalized mathematically as a finite-state machine"
— Mark D. Flood and Oliver R. Goodenough

View our business cases

In the press

Bounty program

Automated bounties
Content bounties
Do you want to help LegalThings One grow by spreading the word about the LegalThings One Platform, while receiving LTO’s?

We developed a LiveContract to keep track of your social media posts and referrals. Just connect your Twitter, Facebook and Wallet ID to your profile in our portal, and the LiveContract will calculate and pay out your reward!
Want to become a LTO social media bounty hunter? Subscribe below!
Are you a content creator? You can earn LTO’s by letting the world know about LegalThings One through your channels. Earn rewards for creating content about LegalThings One or by translating our content in your native language.

Through a LiveContract connected to automated workflows we’ll examine your submissions on a weekly basis, which can earn you big rewards.
Want to become a LTO content bounty hunter? Subscribe below!

Token usage

Full node Required license
Full node with whitelabled environment Run a single full node with a whitelabled LegalThings One environment
100,000 LTO
Live Contract interactions (250 per week) Perform up to 250 interactions with Live Contracts per week per 250 LTO
1,000 LTO
Lease to the LTO foundation
Create Live Contracts (5 per week) Create up to 5 Live Contracts per week per 1000 LTO
1,000 LTO
Live Contracts pre-package Get access to one set of Live Contract templates (HR-, Sales-, Software- or Rental contracts) per 10,000 LTO
10,000 LTO

Token distribution
Tokens are immediately available upon purchase. Excess tokens may be sold on the Waves Decentralized Exchange (DEX). You never spend LTO tokens. You only trade, lease or hold them.

Running a full node
Organizations can host their own, full node by holding enough LTO tokens. As an enterprise, you can integrate Live Contracts within your existing software platform. As a law firm or legal tech start-up, you can offer Live Contracts in addition to static contracts and other legal services.

Leasing your tokens
You may lease your tokens to any other node, allowing them to increase their interaction limit. Organizations may reward you for this by paying you (in USD or cryptocurrency) or by providing you free services. Leasing tokens to the node of the LTO foundation allows you to view and interact with your Live Contracts through independent means, so without relying on the system of the counterparty.

Token distribution

LTO Token

The LTO token represents a license. Companies and governments need these tokens to create, run and interact with Live Contracts.

Token holders are able to use the platform and network as long as they hold the tokens. The license is transferable. LTO tokens may be resold to any interested party by any means.

Why are we releasing tokens for an existing project?

We believe that Live Contracts can have a positive change on the world. Accomplishing this requires mass adoption. By tokenizing our license, we want to create an incentive for early adopters and a reward for the community that helps us push this technology.

In the long term, we envision Live Contracts becoming something bigger than our company. The project should grow to a self-sustaining crypto-economy for storing ownerless data. The LTO tokens are a first step towards this vision.

Please read the full description of LTO token and functionality.

Pre-sale : 6.000.000
Company reserve : 10.000.000
Team and advisors : 18.000.000
Bounty program : 2.000.000
Public sale : 64.000.000

Meet the Team

Arnold Daniels - LegalThings Arnold Daniels - LegalThings
Arnold Daniels
Founder & Software Architect
Rick Schmitz - LegalThings Rick Schmitz - LegalThings
Rick Schmitz
Founder & Head of Legal
Martijn Migchelsen - LegalThings Martijn Migchelsen - LegalThings
Martijn Migchelsen
Founder & Head of Finance
Lisa Kate Palmer - LegalThings
Lisa Kate Palmer
Product Development Manager
Sven Stam - LegalThings Sven Stam - LegalThings
Sven Stam
CTO
Sabine van Bilderbeek - LegalThings Sabine van Bilderbeek - LegalThings
Sabine van Bilderbeek
Manager Operations
Martijn Broersma - LegalThings
Martijn Broersma
Head of Operations
Rick Ros - LegalThings Rick Ros - LegalThings
Rick Ros
Head of Sales
Diederick Cardon - LegalThings
Diederick Cardon
Legal Chief
Moesjarraf Jahangier - LegalThings Moesjarraf Jahangier - LegalThings
Moesjarraf Jahangier
Full-stack Developer
Yevhen Horbachov - LegalThings Yevhen Horbachov - LegalThings
Yevhen Horbachov
Frontend Developer
Jurre Wolsink - LegalThings
Jurre Wolsink
Developer
Mitchel Kerckhaert - LegalThings
Mitchel Kerckhaert
Developer
Sarfaraaz Jahangier - LegalThings
Sarfaraaz Jahangier
Developer
Michael Nieveld - LegalThings Michael Nieveld - LegalThings
Michael Nieveld
Legal & Tax

Advisors

Pim Volkers - LegalThings
Pim Volkers
ADVISOR
Peter van Leersum - LegalThings
Peter van Leersum
ADVISOR

Partners

Marcus Camargo - LegalThings
Marcus Camargo
Partner in Brazil
More team members Buy LTO Tokens

Timeline

Past, present and future

The launch — with salmon and champaign

May 2014

Started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company FIRM24.com, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems.

Pushing the last commits while driving to the client

May 2015

We released the first version of the LegalThings platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing.

Pushing the last commits while driving to our first client.

Explaining how a process can be defined as Finite State Machine

Jan 2016

For FIRM24 we had created software to run the procedures behind an incorporation. Other customers were also interested in these digitized procedures. We did a small pivot, now focusing on digitizing the contracts as finite state machine, rather than just signing.

Looking at a hash

Sep 2016

We have explored different methods of providing proof of signed documents. While other parties relied on trust and certifications, we wanted a better solution. We started using the blockchain for proof of existence.

Working on registering states on Ethereum

May 2017

We experimented with Ethereum Smart Contracts and found out that it could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts.
Instead, we found a much better solution in using our FSM in combination with the blockchain.

Team with Dutch Minister of Justice, Stef Blok

Sep 2017

During the blockchain hackaton organized by the Dutch ministry of Justice and Security, we demonstrated that a whole law can be digitized as a FSM and stored on the blockchain. This won us the first prize in the event which included the assignment to create the first digitized Dutch law on the blockchain.

6 Dec 2017

Our token pre-sale starts on the 6th of December. For 24 hours, the pre-sale is open only for members. You can register to be whitelisted and participate in this members-only pre-sale. After the whitelist pre-sale, we'll continue with a public pre-sale.

Dec 2017

We'll launch the LegalThings One platform as beta. All token holders will be able to use the platform. New content, like (live) model contracts will be added in the coming months.

Q2 2018

All tokens represent the full capacity of the LegalThings One platform. During this sale we'll sell licenses (represented by LTO tokens) for the platform.

Q4 2018

We'll publish the Live Contract syntax as open standards under the CC-BY-SA license. Software to run Live Contracts will be available under the MIT license. This will allow third-parties to to create and run Live Contracts without relying on LegalThings One.

2019

To set precedence of the legality of data stored on the blockchain, we'll initiate trials in several countries. The following countries are candidates for these trials: United Kingdom, United States, India, Russia and the Netherlands.

Token sale

Pre-sale token distribution

LTO sold
0

FAQ

About LegalThings One
About Live Contracts
Buying LTO
Trading LTO
Storing LTO

1. What is an LTO?

A LegalThings One (LTO) token represents a license and gives the holder a limited, non-exclusive, revocable license to interact with Live Contracts.

2. How many LTO will be sold?

There is a total supply of 100.000.000 LTO of which 70.000.000 LTO will be available to the market.

3. What happens if all the LTO sell out?

The limited supply of LTO tokens favours early addopters of the platform. Organizations that want to run Live Contracts and do not have LTO tokens, need to purchase these from the secondary market, possibly at a higher price.

4. What is the difference between a coin like Bitcoin and LTO?

Bitcoin is a crypto currency, in other words digital money. LTO is a license that you need to hold (not spend) in order to run Live Contracts.

5. Who are behind the LegalThings One project?

LegalThings was founded in 2014 by software and blockchain developer Arnold Daniels, tax lawyer Rick Schmitz and business economist Martijn Migchelsen.

1. Who can buy LTO?

Every individual, company or government body can buy LTO license tokens.

2. What is the price of an LTO?

The pre-sale price of an LTO was $0,25. During the main sale, the price will increase upwards from $0,50.

3. What currencies do you accept?

We accept:

  • Euro's (through iDeal & Credit Card)
  • USD (through Credit Card)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ether (ETH)
  • Ripple (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Litecoin (LTC)

4. How can I buy LTO?

  1. Click on BUY LTO TOKENS
  2. Fill in your information
  3. Select your payment method
  4. Set your Waves wallet address
    *if you don't have a Waves wallet address, you can create one here
  5. SAVE YOUR SEED. This is very important
  6. Finish the transaction
  7. Go to wavesplatform.com
  8. Click 'IMPORT ACCOUNT'
  9. Insert your seed
  10. Finalize your registration
  11. Depending on your payment method, your tokens should arrive within 2 hours after the import
    *note: Bitcoin will likely take longer due to the confirmation time

1. Do I need a wallet for my LTO?

Yes you need a Waves wallet to store LTO in. However if you don't have one currently, you can create a wallet when purchasing LTO.

Warning: Do not use an existing Waves wallet on an exchange. Waves wallets on exchanges do not support holding LTO.

2. Why do I need a Waves wallet specifically?

A Waves wallet is the only wallet that can hold LTO, as the LTO token is issued as Waves Asset.

3. Can I use a hardware ledger?

Waves doesn't support hardware ledgers yet. This will change in the future.

1. When can I trade my LTO?

When the main token sale (our aim is for Q2 2018) starts, the LTO will become tradeable.

2. Where can I trade my LTO?

After the start of the main sale, you can trade LTO on the Waves Decentralized Exchange. Other exchanges will follow shortly after.

3. How does trading LTO compare to other cryptocurrencies such as Bitcoin?

There is no difference when it comes to trading. At the start of the main sale, you're limited to one exchange for trading however.

1. What is a Live Contract?

A Live Contract is a formal agreement that allows interactions from humans. It is formalized in a way that is understandable for both humans and computers. The contract only shows the rules and presents the available options.

2. What is a Token-as-a-License (TaaL)?

Contrary to traditional licensing, token based licensing allows you to use the same licenses for different products and when the need arises. As tokens are sold or purchased on exchanges, the license is also transfered, so more users can use the software for a limited time.

For more information read the article on Hackernoon.

3. How many tokens do I need for a service?

  • Create Live Contracts : 5 per week (1,000 LTO)
  • Live Contract pre-package (10,000 LTO)
  • Full node with whitelabled environment (100,000 LTO)

For more information read our article.

4. How many tokens do I need for to run a node?

  • Full node with whitelabled environment (100,000 LTO)
  • Interactions with Live Contracts : 250 per week (1,000 LTO)

For more information read our article.

5. How do I run a node?

The LegalThings One PaaS is supplied as set of docker containers. You need host the containers on a service like AWS or Azure. Detailed instruction will follow.

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