Recently, Blockchain technology attracts variety of investors to get involve in this area because of its well-known characters, namely decentralization, openness, anonymity, falsification etc.
Seeing this god-given opportunity, Lightning Ant Market seizes the opportunity, combining Blockchain with time trading, it creates the first Dapp on the basis of decentralized trading platform by using tokens worldwide. Once this app releases, it will create quite a buzz in the business and investment circle.
Then why Lightning Ant Market can come out on top in such a short period, let’s see.
1. What is Lightning Ant Market
2. Analysis of Lightning Ant Market
3. Token Economy and Business Model
4. Team Member
What is Lightning Ant Market
Lightning Ant Market is a point to point decentralized time trading platform based on Blockchain technology and characterized by social media and operation. It can Blockchain all users’ time and conduct trading on the Blockchain. And it also can provide time transaction services for enterprises, meet the demand of B2C time transaction, it can Blockchain all the time “commodities”.
On Lightning Ant Market, uses can carry out B2C and C2C decentralized commodity transaction by using digital currency. It is a completely decentralized Blockchain e-business platform, enterprises do not need to pay any fees for the third party or to others. In the future, it will involve Blockchain traceability industry and provide a trustworthy shopping experience for customers. And all transactions are paid in digital currency.
QBAO has participated in the investment of this program. QBT can be used in public fund raising.
Such problems make users scratch their heads. On these issues, the Lightning Ant Team offers a solution which combines with Blockchain technology – a decentralized time transaction app based on Beidou Chain.
Beidou Chain is a third party chain based on transaction engine a s well as a enterprise- level platform.
Beidou Chain combines local currency with Token, upgrades intelligence assets, authority-controlled engine, geological information engine as well as comparability with KYC and AML agreement. All these assure the safety of the Lightning Ant Market and prevent it from malicious transaction. Real-name authentication engine interface realizes the “front-end anonymous anonymity, back-end real name” function.
1. Credit System
Lightning Ant Market adopts various method as user’s credit index: users can upload pictures, videos and audios, remarks will be evidence recorded on the Blockchain. Users can give their scores for seller’ services, the scores can also be recorded on the Blockchain.
If stored data on the Blockchain be falsified, the data will be invalid, thus it can guarantee the transparency and reliability of the system.
2. Users’ Privacy
Most users are now very concerned about their privacy issues, basically they do not want to leak own personal information, for those actions like verifying the phone number, ID number, photos are even more exclusive, because users worry that their personal information and transaction information are misappropriated by the platform.
In order to dispel users’ worries, Beidou Chain, the transaction engine-based third-generation blockchain technology used by the Lightning Ant Market, ensures user’s privacy.
3. Point to Point Encrypted Conversation
Lightning Ant Market pay high attention to uses’ privacy. In order to avoid information leakage or sharing, the lightning Ant Market uses point to point encrypted communication mechanism, that is to say, the information will not be on the Blockchain and will not be analyzed!
Lightning Ant Market applies a asymmetric cryptographic algorithm, namely Elliptic Curve Cryptography which is faster and securer. All dialogues on the platform will need specific private keys to see the content, so it protect users chat information to the largest extent.
In other words, only speakers know the content, others can not supervise them. It is even more safer than a face to face talk in private.
4. Safety Factor
Wallet protection mechanism: Lightning Ant Market will encrypt users’ wallet information and store them locally. Lightning Ant cloud doesn’t preserve users’ wallets. Thus, even if the server is under attack which results in the exposure of the accounts and passwords, attackers still cannot transfer any users’ funds.
Multi-signature(Multisig) verification: multisig is used for the transaction of the two sides, the Lightning Ant Market uses a 2 of 3 approach (including both sides of the transaction and a middleman). When the buyer clicks on the purchase button, LAP does not directly enter the seller’s account or the guaranteed account of the Lightning Ant Market, but transfer to a randomly generated multisig account, which requires two signatures of the private key to transfer the asset, and any individual signatures will be rejected by the Blockchain.
Data isolation: Lightning Ant Cloud can isolate the central data from the program data and can fully upgrade the account system. Even if the server and the database are under attack, the attacker cannot steal user information and data from the Lightning Ant Cloud server.
5. On the Basis of Geographical Location
Transactions in the Lightning Ant Market has a high standard for geographical location, because Beidou Chain contains geographical information. Lightning Ant Market will provide location services on the basis of Blockchain technology. Transactions happened among a particular span can be regarded as successful and it also can guarantee the safety of the transaction.
Eva is a jogger, but recently moves to a new house, she is unfamiliar with the surroundings and needs a man to jog with her, so she issues a purchase message on Lightning Ant Market: March 1, 2018, a woman who is familiar with the surroundings is needed, jogging with me for 1 hour.
When browsing the information on the Lightning Ant Market, Joanna finds her location is quite near Eva, and fortunately, she is familiar with the environment and enjoys jogging. So she contacts with Eva and sets time and order.
So how does the platform verify to this deal? One of the necessary factors is whether Eva and Joanna’s geographical locations coincide or not at the agreed time, in order to avoid default during the transaction and optimize the experience and interests of consumers.
6. Product Traceability
At present, mainstream systems have information islands in the entire product supply chain. Usually, there are multiple information systems which are difficult to interact with each other in the whole supply chain. As a result, the information check process is complicated and the data exchange is unbalanced. As a result, too many offline checks and double checks are required to make up for the multiple system interaction problems.
The decentralized trust system of the Blockchain itself guarantees its authenticity and does not require the involvement of an external trusted endorsement. In order to solve the trust issue at the e-commerce business level, the Lightning Ant Market will provide B2C and B2B services in the future, communicate with manufacturers and businesses, build a decentralized Blockchain traceability node service, and offer consumers a true trustworthy and decentralized shopping experience.
For example, using the unique treasibility code of the handbag, customer will know the production place of the handbag, manufacture’s information, production date, quality control report, transportation time, sampling reports, etc. The delivery information can also be checked, so illegal transactions and fraud have no place to hide.
Token Economy and Business Model
Lightning Ant Market is a time transaction platform based on social contact and professional skills. Its corresponding token – Lightning Ant Pay (LAP) is the voucher of transactions.
LAP has the characteristics of consumption circulation, pledge and exchange, users can conduct transactions in the Lightning Ant Market, or choose to lock positions in exchange for mining rights. The Lightning Ant Market will draw a certain percentage of LAP of the transaction fee as a service fee. Half of the service fee will be permanently locked.
In the Lightning Ant Chain, the role of miners is to verify transactions and store data, they don’t have the right to mint. Miner rewards come from the salary paid by the Lightning Ant Market. Annual fixed salary assures the stability of token circulation. Fair mining rewards guarantee the active participation of miners.
With the gradual increase of registered users and time trading volume, token price is sure to increase which forms a virtuous circle.
Outstanding member makes a successful team.
Lixiao Zhou, founder of Lightning Ant Market, micro economist. He is specially specialized in western economics and finance, researcher and implementer of Blockchain theory, One of the most experienced experts in domestic capital operation and business model design. All these guarantee a promising future for the Lightning Ant Market.
Lei Zhang, with more than 20 years of experience in technical development management, he has worked in IT structural design and IT consulting for years. With the engagement of Yantao Wang, former senior R & D manager of HUAWEI, all these make the Beidou Chain play a leading role in the Blockchain industry.
Lightning Ant Market has a huge user group and market potential in the field of e-commerce and time trading. It will be well known and recognized by the the public soon in the future.
The founding team plays a positive role in promoting research and development of the project. At the same time, the token ecosystem is very normative, there is plenty of space for the increase of tokens value.
The Lightning Ant Market is based on the Beidou Chain which provides users with safe transactions, privacy protection and financial security. As a result, it meets the market demand under the current situation and has great development potential.
Overall, Lightning Ant Market will certain to make a buzz cause in the entire Internet industry.
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