Leap With Alice provides content creators tools to enhance educational material with augmented reality. This content can be exchanged via the P2P Alice Exchange by utilizing the ALICE token.
What are the benefits of smart contract based accounts?
Distributed Ledger Technology allows for unprecedented levels of transparency, audit ability and transferability. Leap With Alice Accounts are built on an Ethereum smart contract, making them among the most secure available.
What is The Alice Suite™?
The Alice Suite encompasses every feature that Leap With Alice provides.
Alice Lens ™
Setting Leap With Alice apart from any competitor is the ability to create educational content that has been enhanced by augmented reality, for free. This takes place inside of Alice Labs. Alice Labs hands the power to the educator, allowing them to transform the classroom from a passive work environment into an immersive learning experience. Simple drag-and-drop tools and templates present teachers the resources needed to generate interactive content that increases engagement, resulting in a more effective level of education. Alice Labs provides templates and guides on how to create effective content, fast and free.
Engaging the App on any smart device, the Alice Lens brings creations from Alice Labs to life. Picking up on predetermined targets or triggers, the Alice Lens displays 3D models, immersive video, and informative text. Augmented reality hands teachers technology that generates interactive and deeply engaging content; taking the existing world around us and overlaying new information on top of it.
The Alice Exchange creates an ecosystem where educators can take control of their passion. Reaching a global community, the Alice Exchange is a peer-to-peer digital marketplace with the capacity to buy and sell original educational content, transacting with the ALICE utility token. Teachers may browse specific topics that target unique abilities, providing the most personalized lesson possible. If a more collaborative environment is the goal, interactive lesson plans can be created, bringing the entire class together for an immersive learning experience. The time and effort used to create a unique lesson plan is no longer confined to a single classroom, it can span the globe and impact students everywhere. The Alice Exchange facilitates the distribution of enhanced educational content on a global scale.
The Alice Classroom serves as a dashboard and data center for educators and students to monitor their educational journey. Educators will have the ability to add students into their classroom, tracking their progress and growth, based on the content they engage in. Analytic tools will give educators the ability to see this data displayed in a variety of ways. The user interface will display basic profile information such as reputation level, transaction history, and available balances. Notifications will alert users when their content has been bought, rated, or reviewed.
How is Leap With Alice different than a platform like Teachers Pay Teachers?
In addition to providing the ability to create original content enhanced with augmented reality, Leap With Alice will implement multiple layers of quality control - eliminating plagiarism and ensuring quality. This is done through the use of AI/Machine Learning, an Education Board that oversees quality, and users that are incentivized to rate and review content. Further setting ourselves apart, users have the opportunity to earn ALICE tokens by creating quality content, curating the content within the Leap With Alice platform, and engaging in third party advertisements.
Why does Leap With Alice have two tokens?
Offering two tokens allows Leap With Alice the flexibility to adapt to the evolving regulatory landscape that has heavily scrutinized token sales. The LWA token will be available as a mechanism to raise funds to further the development of the platform, sold under complete regulatory compliance. Once The Alice Suite is fully operational, the ALICE utility token will become available to the general public. This utility token will active as the native currency and incentive layer throughout The Alice Suite.
What is the LWA Token?
The LWA token is designed to represent a tokenized security, where the ownerships grants equal voting rights, as well as anticipation of future profits, revenue share, and/or price appreciation. In regards to the token sale, the LWA token will be available as a means to raise funds to further the development of the platform.
What is the LWA Token?
The ALICE token serves as a utility token within The Alice Suite. Its utility serves to: - Eliminates transaction fees. - Return a higher percentage of sales, compared to USD.
- Facilitates the execution of smart contracts.
- Represents transferable value for buying/selling on the Alice Exchange.
- Incentivizes quality contributions throughout the experience.
What is a Security Token Offering (STO)?
A Security Token Offering is a security offering which is represented by Tokens instead of a common Certificate. The STO Our Security Token Offering is organized as a escalating 506(c) offering and tokens will represent equity interests of the company.
What are Security Tokens?
Security Tokens represent units/shares in a company. You can think of security tokens as a digital version of stock certificates. Our security Tokens are developed by the ERC20 protocol.
What Does ERC20 Protocol mean?
ERC20 defines a common list of rules that an Ethereum token has to implement, giving developers the ability to program how new tokens will function within the Ethereum ecosystem.
Is this an ICO?
No. ICO is an acronym for Initial Coin Offering. Companies have been using this method of raising money so far by representing themselves as utility tokens.
What is a Token?
A token is a representation of value in the Blockchain. There are many types of tokens, but in the last hearing organized by the House Financial Services Subcommittee on Capital Markets, Securities and Investment to examine the growth of virtual currencies and the markets they are traded in, they came to the conclusion that there are basically two different types of Tokens: Security and Non-Security.
Can I see my Tokens in the Ethereum Explorer?
Yes, you can see it by checking your Ethereum Address.
What are you raising money for?
We have outlined a business plan based on:
- Education Fund
- Legal Expenses
- Develop of New Technologies and Services
- Global Expansion of Product and Services
- Augmenting Infrastructure and Personnel
What is the LWA Token?
The LWA token is designed to represent a tokenized security, where the ownerships grants anticipation of future profits in the form of dividends, revenue share and/or price appreciation. In regards to the token sale, the LWA token will be available as a means to raise funds to further the development of the platform.
What will I actually own?
Investors will receive corresponding LWA tokens as Class D Units of Ownership Interest. These tokens represent an ownership stake in the company. There are no differences between any Units of Leap With Alice, LLC. These Units are voting units and will be issued with Security Tokens.
Is there a holding period?
There is a six month holding period before the tokens become freely tradable and can be sold to anyone.
Additionally, under Section 4(a)(7) of the Securities Act of 1933, after 90 days any original purchaser may sell his tokens to another accredited investor.
How is Leap With Alice complying with regulations?
The securities interests offered in this offering have not been registered under the Securities Act or the Securities Laws of any state or other jurisdiction, and they are being offered and sold in reliance on exemptions from the registration requirements of the Securities Act provided by section 4(2) of the Securities Act and Rule 506(c) of Regulation D promulgated in the Offering Documents, and exemptions from registration or qualification under the Securities Laws of states or other jurisdictions in which these securities may be offered or sold. The securities described in this offering will be sold only to "accredited investors," as defined in regulation D promulgated under the Securities Act. The securities described herein are subject to substantial restrictions on transferability, including restrictions on resale, and the securities may not be transferred or sold except as permitted under the Securities Act and such state laws pursuant to the registration and qualification requirements of such laws or an exemption therefrom. The security interests have not been approved or disapproved by the Securities and Exchange Commission, any state securities commission or other regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of this offering or the accuracy or adequacy of this memorandum. Any representation to the contrary is unlawful.
Are these investments risky?
Many small businesses in the U.S. go out of business every year. It is difficult to know how companies will grow, what changes might occur in the market, or the many ways companies can fail. If the company goes out of business, your Units will be worth nothing. The Units offered are not publicly traded and may not retain any value. These investments are intended to be for investors who do not have a need for a liquid investment. Investing in private placements requires high risk tolerance, low liquidity concerns, and long-term commitments. Investors must be able to afford to lose their entire investment.
What are the tax implications of this investment?
We are an LLC, which means we use a flow-through taxation. LLC doesn’t pay taxes itself. Instead, the net income of the business is passed down to the owners of the company, who are called Members. Their personal tax returns reflect the amount of tax coming from the income generated by the company. The tax rates may vary depending on the number of owners of the LLC.
Can I pool funds from other friends and family members together?
If there are clusters of friends or family that want to group their investment, they must all undergo the KYC process and invest their portions under their individual profiles.
Mercury Cash has created their own White Label software for the management of the LWA token. This technology integrates the benefits of Security Tokens with SEC compliance and regulations for our offering, facilitating the sale and distributing our token through Miami Crypto Exchange.
High Level Requirements
We have implementing Miami Crypto’s STO infrastructure from the ground up, using their server to manage the API project, and a separate superserver to implement the STO Landing Page as a Virtual Host. Ropsten Network will be used as the testing environment. Ethers Library is implemented to manage the Smart Contract from the API. Each Smart Contract, which creates and distributes tokens, undergoes rigorous testing in order to detect potential failures.
Testing Tools Used
Information about technologies used
Web Application: This application was developed in a Framework called Laravel partnering with VueJS, Bootstrap 4 and other front end technologies to ensure a smooth, seamless design. In the core of the Laravel is built-in PHP which works with a Database where all data is stored.
API: For the brain of our platform, we have used Node JS combined with Solidity using Open Zeppelin. This technology allows us to use secure Smart Contracts that are audited by professionals in this sector. These technologies were used in well known ICO’s like OmiseGO, Polymath and others.
Objectives of the System
Registration of Investors
The registration process will take KYC and AML procedures for investors, plus security questions for the investors, to determine whether or not they qualify to invest (according to the offering or offering exemptions).
API for Token Distribution
Once approved, the qualifier will have the ability to invest using the approved means for investing. Depending on the method (BTC, DASH, ETH, USD), an example will appear showing the information needed to make the investment by the user.
Creation of Wallets for Investors
The system will create ETH addresses to deploy tokens for each investor. These tokens will not be able to transfer in or out of the MCEX Token Investor Site unless it complies with federal or state laws.
Optional Voting System for Investors and Admins
This module will allow the administrator to create voting requests to be sent to each investor. The administrator can add the entire text of the minutes that needs to be approved or rejected. The investor will then receive a notification via email with the link to vote.
Smart Contract for LWA
The Smart Contract will create and distribute tokens to the company wallet. Next, the API will transfer the tokens to the designated investors once the investor is approved and the investment received by approved means, based on the offering.
The system also allows setting up the investor tokens — they can trade or transfer as desired, as allowed under federal or state laws and regulations.
User will enter our sign up process where KYC and other procedures will verify eligibility of prospective investor according to the offering.
2. Approved Investor
User is verified and approved by the Compliance Department and can now invest.
3. Start a new investment
The user will have the opportunity to buy Units of Ownership Interest that will be represented in ERC20 Tokens. Once the transaction is received, a Financial and Compliance officer will verify the transaction.
4. Approved Investment
Once the transaction is approved, the development of the investor tools comes into play, including the Smart Contract. The programming work would last up to 2 weeks. At that moment, the tokens will be released to the investor ́s account. Each user will be able to see our cap table, the authorized tokens or amount of tokens he or she has, the price of each token, and also (once it’s approved by an officer in compliance with SEC rules or/and the the Securities Act of 1933 as amended) he or she will be able to sell the tokens to any other person who has an ETH address.
What is a blockchain?
The Blockchain is an electronic public ledger which records digital registry and asset transactions. The Blockchain can also be used as a ledger for audit and tracking progress. The Blockchain is a very secure tool leveraging encryption keys, algorithms and electronic wallets. As a registry, the Blockchain is the next generation technology that ultimately all retailers, financial institutions, government agencies, and business will utilize to support their operations.
On what blockchain is Leap With Alice’s technology built?
The Leap With Alice smart contract operates on the Ethereum Blockchain and data is recorded on its native blockchain.
What is a Smart Contract?
Standard contracts outline terms of a relationship (typically enforced by law), while a smart contract enforces a relationship with cryptographic code. These smart contracts are designed to execute terms precisely as they are set up by their creators.
What can smart contracts do?
- Function as 'multi-signature' accounts, so that funds are spent only when a required percentage of people agree
- Manage agreements between users, say, if one buys insurance from the other
- Provide utility to other contracts (similar to how a software library works)
- Store information about an application, such as domain registration information or membership records.
What is Augmented Reality?
A technology that superimposes a computer-generated image on a user's view of the real world, thus providing a composite view.
How is my account information protected?
Blockchain technology allows Leap With Alice to establish a secure ecosystem that allows each user’s content, data, and funds to be safely stored using Identity-Aware Proxy and multi-factor authentication.