Leondrino Exchange starts ICO on November 6th in Germany

[cs_content][cs_section parallax=”false” separator_top_type=”none” separator_top_height=”50px” separator_top_angle_point=”50″ separator_bottom_type=”none” separator_bottom_height=”50px” separator_bottom_angle_point=”50″ style=”margin: 0px;padding: 5px 0px 0px;”][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_custom_headline level=”h2″ looks_like=”h4″ accent=”false”]Leondrino Exchange, Issuer of Digital Branded Currencies, Announces Its Own Digital Currency XLEO
[/x_custom_headline][cs_text class=”cs-ta-justify”]On November 6, 2017, the new digital currency XLEO will be available as a Pre XLEO Token (PXLT) for a limited period of 4 weeks on the Ethereum Blockchain. The PXLT is offered by the Berlin-based Leondra GmbH, licensee of the Leondrino Exchange for the German market.[/cs_text][cs_text class=”cs-ta-justify”]Berlin, November 2nd, 2017 – Almost everyone knows Bitcoin – in fact, there are now more than 1,000 digital currencies on the market worldwide. Many of those are not regulated. Leondrino Exchange, founded in late 2014, has set itself the goal to create a framework that enables companies and investors to safely use the new digital currencies. In this context, Leondrino Exchange offers companies currency management as a service and is working towards a regulated standard of its Leondrino Lifecycle in key jurisdictions. Branded currencies not only give companies the ability to raise growth capital, they are also a revolutionary customer retention tool.
According to Smith & Crown’s crypto analysts, blockchain startup companies have raised more growth capital through initial coin offers (ICOs) than through traditional capital increases in the first six months of this year. This new form of financing for companies through the issuance of a digital currency has therefore already proven successful in practice in the blockchain and crypto environment.
With the Leondra GmbH, the licensee of Leondrino Exchange for the German market, we are working together with partners and first pilot customers to create a platform to enable this new form of financing for traditional industrial and service companies outside the pure blockchain and crypto scene in Germany. Four small and medium-sized German companies are already preparing to issue their own currencies in cooperation with the Leondra GmbH.
Leondrino introduces the XLEO – a bridge currency that ensures rapid exchangeability of the participating currencies within the Leondrino ecosystem – to make the various brand currencies exchangeable. A partial amount of the so-called tokens will be offered from November 6th to December 4th, 2017 as Pre XLEO Token (PXLT) by Leondra GmbH on the Public Blockchain of Ethereum. After Bitcoin, Ethereum is the second best-known public digital currency network.
The XLEO token is used within the Leondrino ecosystem as a unit of account. It is planned to launch the XLEO token in mid-2018 via the upcoming Leondrino MainNet.
The funds raised through the ICO of the PXLT will primarily be used for the continued development of the company, especially in terms of software development, the clarification of regulatory and compliance issues, and the preparation for the launch of the planned Leondrino MainNet.

[/cs_text][cs_text]For detailed information about the PXLT TGE please visit https://pxlt-tge.leondrino.com; general information about Leondrino at cms.leondrino.com.
If you have any questions, please do not hesitate to contact us by phone via 030 – 577 026 880 or via the email address presse@leondra.de.

[/cs_text][/cs_column][/cs_row][/cs_section][cs_section parallax=”false” separator_top_type=”none” separator_top_height=”50px” separator_top_angle_point=”50″ separator_bottom_type=”none” separator_bottom_height=”50px” separator_bottom_angle_point=”50″ style=”margin: 0px;padding: 5px 0px 0px;”][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_line style=”border-top-width: 1px;”][cs_text]Summary of the PXLT Token Sale[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Token Sale Period[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]4 weeks: November 6, 2017 at noon (UTC) until December 4, 2017 (UTC) hard stop; Token Sale will be over once the max. contribution cap of 50,000 Ether (ETH) is reached.[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Accepted Currency[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]ETH (Ether)[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Initial Price[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]200 PXLT : 1 ETH [/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Bonus Schedule[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]First two weeks 200 PXLT for 1 ETH, second two weeks 175 PXLT for 1 ETH[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Min Contribution Goal[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]10.000 ETH[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Max Contribution Cap[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]50.000 ETH[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Creation Cap[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]10 Million PXLT[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]How are funds held?[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]Via a Smart Contract on the Ethereum Blockchain[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Smart Contract Security[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]Multi-signature smart contract for administration of a Token Generation Event (TGE) (enforces four-eyes principle to manage the TGE and the transfer of contributions)[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Auditor[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]Backes SRT GmbH, Saarbrücken [/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_line style=”border-top-width: 1px;”][cs_text]Overview of XLEO and PXLT[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Role of Token[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]XLEO: Bridge currency in Leondrino Ecosystem; additional function of reserve currency in the future;
PXLT (Pre-XLEO Token) is an interim token. PXLT will be exchanged for XLEO after the launch of the Leondrino MainNet. (Exchange rate: 1 XLEO for 1 PXLT)

[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Initial Distribution in PXLT Token Sale[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text]10 Million PXLT [/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Token Supply of XLEO
[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]Fixed „XLEO Base Line” of max 1.26bn including PXLT and all presales packages to institutional investors as well as the planned public offer to XLEO.
Additional supply depending on the total volume of all issued Leondrino to ensure the role as a bridge currency.

[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Blockchain /
DLT Platform
[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]PXLT on Ethereum, Deletion of the PXLT after exchange into XLEO
XLEO on future Leondrino MainNet

[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/4″ style=”padding: 0px;”][cs_text]Consensus Method[/cs_text][/cs_column][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”3/4″ style=”padding: 0px;”][cs_text class=”cs-ta-justify”]Proof of Work on Ethereum;
Proprietary consensus algorithm on a consortium network on Leondrino MainNet (will be audited by external auditor before exchange of PXLT into XLEO)

[/cs_text][/cs_column][/cs_row][/cs_section][cs_section parallax=”false” separator_top_type=”none” separator_top_height=”50px” separator_top_angle_point=”50″ separator_bottom_type=”none” separator_bottom_height=”50px” separator_bottom_angle_point=”50″ style=”margin: 0px;padding: 5px 0px 0px;”][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_line style=”border-top-width: 1px;”][cs_text class=”cs-ta-justify”]About Leondra GmbH
Leondra GmbH is the licensee of Leondrino Exchange for the German market. Leondrino Exchange is positioning itself as a currency-management-as-a-service provider using cryptocurrency and distributed ledger technologies. Leondrino Exchange introduces a new type of virtual currency – the Leondrino. Leondrino currencies are characterized by an acceptance obligation by the respective brand company and the unique monetary policy that is coordinated with the brand and clearly communicated to all those branded currency participants.
By using the potential of new technologies, Leondrino Exchange creates added value for global brands and their customers. Digital branded currencies not only give companies the ability to raise growth capital, they are also a revolutionary customer retention tool. Mid-term, these branded Leondrino are intended to be used as means of payment for goods and services and to be exchangeable for national currencies and other virtual currencies.

About Licensor Leondrino Exchange Inc.
Leondrino Exchange, Inc., a Delaware registered FinTech startup with its origin in Berlin/Germany and offices in New York was founded in November 2014. Leondrino Exchange’s goal is to become the most trusted issuer of digital branded currencies for enterprises.
cms.leondrino.com
[/cs_text][/cs_column][/cs_row][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][cs_text]Press Contact:
Sandra Leonie Ritter, Peter Reuschel

Leondra GmbH
Licensee of Leondrino Exchange for Germany
Humboldtstrasse 3
12305 Berlin
Germany

+49 (0)30 – 577 026 880
presse@leondra.de

Download this press release[/cs_text][/cs_column][/cs_row][/cs_section][/cs_content]