Layer Protocol (LRX)

The Decentralized Protocol for the Global Sharing Economy

Review Score
ICO Price
0.0375 USD
Pre ICO Price
Soft Cap
Hard Cap
15,000,000 USD
Start Date
30 September 2018
End Date
10 October 2018

What is Layer Protocol?


The decentralized reputation protocol for the global sharing economy, built on the blockchain.

Bad Actors Increase Service Costs in the Sharing Economy
Even the bigger players in the sharing economy today have no way of knowing a new user’s value before their first transaction. Bad actors moving from one service to the next one are a huge expense in the industry, and these costs get passed on to other users through increased fees.

Today you can throw a party in your Airbnb, get a lifetime ban, and move to VRBO, Craigslist, TripAdvisor and others.

Even Uber and Airbnb Benefit From Layer Protoocol
There is currently no way of sharing user reputation data between asset sharing companies. Why would Airbnb or Uber even give away their user reputation data to competitors? While more than 72% of the US population has used at least one sharing economy service, the number for Uber or Airbnb is greatly less than even half of it, meaning there is a vast amount of reputation to be shared on all sides, and it can drive down operation costs significantly.

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