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Posted by admin, October 26, 2018

10 years LPK Lock Up Program

As we look in to the next 10 years of the L-Pesa Project, http://www.l-pesa.com project will need fund for penetration in to new markets to offer its great l-pesa progressive unsecured cash loan services in 5 minutes to mobile banking customers around the world, more new markets / countries in Africa, India with 1.4 Billion people and South East Asia with 600 Million population following Central and South America. To develop the future of L-Pesa project together with the support of the public & community we introduced long term lock up program for 85% of total lpk supply for better use of the companyÔÇÖs fund for the next 10 years to come.

10 Years Program rules:

  • 2,000,000,000 LPK lock start October 25, 2018 for the next 10 years. ┬áhttps://etherscan.io/token/0x2cc71c048a804da930e28e93f3211dc03c702995?a=0x71e3d9f6295a9ee77f6606368e874906284454b1
  • Additional 200,000,000 LPK to lock up program on above etherscan.com address by November 1 , 2018, total of 2,200,000,000 locked LPK.
  • Additional 15,000,000 LPK to lock up program on above etherscan.com address by December 1 , 2018, total of 2,215,000,000 locked LPK.
  • LPK tokens coming from buy back program will be add to 10 years lock up program. From buy back tokens,┬áDuring 2019, Additional of minimum 7,000,000 LPK will be add to lock up program on above etherscan.com address on the first of every month starting January 1 2019,┬á total of minimum 84,000,000 locked LPK.
  • 200,000,000 LPK will be available for release from lock up program on December 25 of every next year and will be use upon project needs. We keep the right to re lock back 180,000,000 LPK in to 10 years lock up program.
  • 10% of tokens (20,000,000 LPK) will be share with the public who hold over 1,000,000 LPK by December 25 of each next year for 10 years long. https://etherscan.io/token/0x2cc71c048a804da930e28e93f3211dc03c702995#balances
  • Full KYC required before 20% token distribution to the public.
  • Today, Oct 25, 2018, 16 investors hold more than 1,000,000 LPK. (e.g – 20,000,000 LPK / 16 Investors = 1,250,000 each). Position 11 to 27 and up on etherscan.com: https://etherscan.io/token/0x2cc71c048a804da930e28e93f3211dc03c702995#balances
  • 90% will be use for the development of the L-Pesa Project according to most recent projectÔÇÖs road map on https://ico.lpesa.io
  • By December 25, 2018, Circulation Supply will drop to 385,000,000 LPK.
  • This program is for the public only.
  • LPK Team & Advisory Board members are not allow to participate in this program.

10 Years Program Time Table

  • December 25, 2019 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2020 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2021 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2022 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2023 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2024 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2025 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2026 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2027 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2028 ÔÇô 200,000,000 LPK available for release include 10% for the public.
  • December 25, 2029 ÔÇô 200,000,000 LPK available for release include 10% for the public.

*Release / Re Lock notice will be post to L-Pesa blog 1 month in advance, November 25 of every next year https://blog.l-pesa.com/

ATTENTION: LPK 10 years lock up program is subject to change upon LPK  new opportunities & development. L-Pesa will make its best effort to invest more LPK in the best development opportunities.

Thank you for supporting LPK!