by Catalin Iordache, blockchain concept manager at Lohncontrol

Although there are voices claiming that lohn is an economically damaging model for emerging countries, it will resist as long as there is a gap between developed and developing economies, forever. Lohn is based on a cost low production offered by the cheap labor force and the proximity of cheap sources of raw materials. These productive capacities are fully occupied and create jobs in difficult economic transition periods. In Romania, for example, textile lohn represented at one point given more than 5% of GDP, ie more than 6 billion euros.

It is rightly said that lohn favors large buyers who launch manufacturing orders. They are in a privileged position as the owner of the brand and although they often have spectacular profits, they pay little for the services of making the product, especially for small and medium-sized companies. This is because the latter have few options to keep their production capacities at a high level of employment that is crucial for survival in low-cost circumstances for their services.

The lohncontract.com platform is a secure business blockhouse for introducing the protocol of trusting by lohncontrol smart contract through Proof of Tasks blockchain consensus. It will provide access to a global market through worldwide quotes from all over the world.

Small and medium-sized producers in emerging countries will have at their disposal an important tool for controlling production predictability. They will be able to practically plan future production by committing orders in time and more, because of the multitude of opportunities they can choose better prices for their services.

And the equitable sharing of profits between buyers and manufacturers will be the future of this economic model. A future offered by lohncontrol smart contract!

What is the connection between lohncontrol.com and loncontract.com?

lohncontrol.com is the project that develops the lohncontract.com business services platform using blockchain disruptive technology. The technological innovation of the project lies in the development of the lohncontrol smart contract, which manages in blockchain the relationships between the parties to a lohn contract by integrating a new consensus protocol block validation called Proof-of-Tasks (PoT) based on the Ethereum Proof-of-Stake (PoS) consensus protocol. According to the new consensus protocol, lohncontract.com launches templates and blank blocks to be completed by independent validators after performing the tasks written in their header using the Ethereum Proof-of-Stake protocol. The PoT and PoS validation is not electricity-consuming, but is based on the platform’s ETH stock and stakeholders.

The technology developed by lohncontrol.com is embodied in the lohncontract.com platform but can be integrated into any B2B platform.

Why is the lohncontract.com platform different from other projects?

The business services platform lohncontract.com is primarily a digital platform where the producers’ access is free and this is due to the fact that they have the lowest profit under a lohn contract. The connection with the blockchain secures financially the transaction because the smart lohncontrol of the platform immobilizes the money needed to make all the payments from the moment the offer is launched. Thus, the manufacturers focus exclusively on the realization of the contracted products, reducing to the utmost the personnel who pursue the settlement, the deliveries or the problems related to legal services, or international law on the performance of lohn contracts.

The platform eliminates intermediaries of any kind, maximizing the profits of producers. At the same time, it offers all parties involved a global visibility eliminating geographical and linguistic barriers.

The platform is intuitive, simple to use, integrates artificial intelligence solutions that lead to the automation of repetitive processes, is in one word-user friendly.

LOHN Token

LOHN is a utility token that serves to access the lohncontract.com platform services. Exclusively within the platform’s ecosystem, it also has the role of settlement currency between the intelligent parts of the lohncontrol contract. The conversion to fiat is provided by the platform that re-integrates the tokens into the internal circuit.

The value of all ARV (active request value) must always be covered by the value of the LOHN circulating tokens (CT).

An amount of 1B token is issued (CT), divided as following:

-220M are at the team, direct advisers and collaborators,

- 300M represents LOHN STOCK’s maneuvering stock,

-400M are sold within ITO,

-30M are for rewarding bounty project supporters and

-50M belong to the LOHN FOUNDATION .

AT (available tokens) is the number of tokens available at a time for platform operation. Their number is smaller than CT (circulating tokens) because some holders are in the HODL position, other tokens are already engaged in contracts (TUC) or others are locked in smart contract for a specified period.

ATL (available tokens liquidity) represents the market liquidity of the available tokens, ie the percentage of them available for sale on the market. The liquidity indicator is strongly influenced by the availability of the owners to sell and the number of tokens in LOHN STOCK not already contracted. ATL, never being 100%, basically reduces the available token to operate the platform putting a strong pressure on the token price that has to continually cover the value of all the applications on the platform. That is, at a high ARV value and a small number of AT reduced and more than low liquidity (ATL), the LOHN token price trend will be strongly upward.

This is how the algorithm explains LOHN tokens (MkLV-market LOHN value): MkLV ARVs / ATxATL

The cost calculation algorithm proves that an increase in transaction value on the platform generates a spectacular ROI (Return On Investment) for the Lohncontrol project through its repercussions on the LOHN Token price.