Users pay a monthly fee that allows the user to conduct unlimited transactions. Monthly licensing fees are yet to be determined. Our fee structure will take effect in early 2019. There will be a progressive fee structure – monthly fees will be higher for very active users. This will be clearly defined in early 2019. Every user will pay ONE monthly flat fee (unlimited transactions) and never incur any additional transaction fees.
1. Store your money in USD or Euro equivalent digital assets – eliminate local currency risk 2. One monthly fee for unlimited transactions! · Send/transfer money to friends or loved ones, very low cost and safe - save money · Get access to trading foreign currency -trade digital versions of several fiat currencies 3. Buy and sell Bitcoin – cheap and fast.
Loci digital assets are digital versions of fiat currencies and currently one cryptocurrency - Bitcoin. (Fiat currency is currency that a government has declared to be legal tender; i.e., US dollar, Mexican Peso)
GetLoci currently offers 9 different digital assets: LUS - Loci US Dollar (digital version of US Dollar) LEU – Loci Euro (digital version of Euro) LAR – Loci Argentinean Peso (digital version of Argentinean Peso) LMX – Loci Mexican Peso (digital version of Mexican Peso) LVE – Loci Venezuelan Bolivar (digital version of Venezuelan Bolivar) LBR – Loci Brazilian Real (digital version of Brazilian Real) LBTC – Loci Bitcoin (digital version of Bitcoin) Connect – Loci Connect (Call Option to purchase common equity shares in GetLoci parent company) Global – Loci Global (Common equity shares in GetLoci parent company)
1. Sign up (if you have a referral source please include their @Loci address) 2. Confirm your email address and then complete your profile including a photo government ID (passport or driver’s license) 3. Transfer money from your bank to GetLoci via an electronic transfer or via the ACH system (direct payment from one bank to another bank). When funds enter GetLoci’s bank account, user and GetLoci enter into a Digital Asset Agreement- this is the “Minting” process- user mints a digital version of its local fiat currency. ** All users must enter GetLoci (Minting) and exit Get Loci (Burning) in the user’s local fiat currency. 4. User can now use their new minted digital assets to start trading with other users on the network
GetLoci is currently available in the following countries: (If you bank in any of these countries you are able to use GetLoci) United States, Mexico, Venezuela, Argentina, Brazil, and all countries within the European Union that use the EURO as their default currency (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain) GetLoci is constantly expanding the list of fiat currencies and cryptocurrencies eligible for our Network. Please check back if your country is not currently on the list. We’ll get to you soon!
Currently GetLoci is only setup for receiving bank transfers via an electronic transfer or via the ACH system (direct payment from one bank to another bank) We are working on the ability to accept money from other vendors and will post updates as soon as it happens.
We believe all people should have the right to protect their money and use their money as they see fit - without high fees. GetLoci offers unique value to users globally. Our global organization strives for secure delivery of valued services that leverage existing financial systems while building new low cost alternatives. Users get more for less. We also believe people should be free to transfer and exchange value globally person to person, Loci Pocket to Loci Pocket, never disturbing a financial institution. We are building systems and infrastructure to help our users realize this vision.
Loci digital assets are created (minted) and destroyed (burned) at the sole decision of network users. There are no set amounts in circulation. The users have total control of the supply and the actual digital assets. Neither a crypto-asset administrator nor a blockchain protocol control the digital assets or the amount in circulation.
Users can user their Loci digital assets to buy Loci Bitcoin (LBTC) from other users on the Loci Network via the P2P Exchange or on the professional trading platform (DNX). Click on “Invest” on the website header and it will give you the various options.