It's no hidden fact that cryptocurrencies have taken the world by storm and every company is trying to get their hands dirty with this technology. If you trace back to the origin of Blockchain technology and cryptocurrencies you will find out that Bitcoin was the main reason which made people realize the power of Blockchain. But, credit must go to Ethereum which showed the world that Blockchain is much more than just cryptocurrency. It showed the world that Blockchain is a much bigger thing and can be applied in various sectors.
But, still, there are many companies who are trying to improve these two major platforms. They are trying to develop their own platform to remove the shortcoming of these two. Among such company is, Laser. Well, initially you will feel that Laser is exactly like Bitcoin with few additional features. After digging deeper, you will find out that Laser is like the combination of Bitcoin and Ethereum with the added functionality of cryptocurrency lending and borrowing.
I tried going through their website, but there was very less information available. But, they are making some changes to the site in hope that it will attract more number of investors. Nevertheless, I did some digging and found out some crucial information about the company which might help you decide whether to invest in the company or not.
Laser platform
Laser platform is working on Laser coin which aims at facilitating secure transactions. After going through the details, I found their platform very similar to the one Bitcoin use. Similar to Bitcoin, you can send the LZR token to anyone and all the transitions are recorded on the blockchain.
But, you question which you might ask is why we need Laser coin if it is like Bitcoin? Well, Laser coin does offer one unique feature. It lets user earn money by staking on the platform (like Hextra). They also have a lending program which works like the Bit connect one. You can deposit the money, lock that money for a specific period of time and withdraw large profit once the loan is completed.
The platform also offers a referral commission of 4% for referring people to the platform. The laser also does not impose any minimum or maximum coin lending amount. But, one thing which might affect their business is no provision for interest. It means that even if you borrow 1 LZR token then you will be required to pay only 1 LZR and lender also receives that much amount (with no added interest).
ICO and Team
Laser platform uses ERC20 token which is created on Ethereum blockchain. The company has released 49.6 million Laser Coins tokens out of which only 16 million will be available in the ICO stage. These tokens will be sold at a different rate depending on the first come first serve basis. But, the average cost would be around 1 Laser Coin token= 0.1 Bitcoin. Recently, the company uploaded the employee details on their website.
Conclusion
Laser coin plans to launch the Ethereum Service pool by the end of Q3 this year with the Bitcoin service pool scheduled to be launched by the end of Q4 2018. They also plan to launch an Android application by the end of this year. Initially, the platform will work on traditional Proof of Work consensus algorithm. But they plan to switch to Proof of Stake consensus algorithm by the end of this year. Also, Laser coin will work in the interoperability feature between the Ethereum service pool and Bitcoin service pool by the end of Q1 next year.
But, the big question comes is whether the company offers a good choice for investment or not. Well, first comes the idea, which does not excite me a lot. Another point of concern is the lack of presence on various social media as well as popular exchange platforms. The amount of information present on the company's official website is very less which bring certain doubt in my mind. In fact, I have not seen the worst website than their official one. Since there has been an increase in a number of scams related to various cryptocurrencies, you might want to think twice before investing in this company.
You can remain updated to all the latest news related to Laser coin via-
Website - https://laser.xyz/
Whitepaper - https://laser.xyz/static/WhitepaperLaser.pdf
Telegram - https://t.me/laserxyz
ANN - https://bitcointalk.org/index.php?topic=3466533.0
Published by - coineaglebt
Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1936073
