Frequently Asked Questions
Who are LegalCoin?
LegalCoin are a team of devoted Lawyers, Crypto Experts, Blockchain Developers, and Business Directors who are looking to revolutionise the legal industry by utilising Web 3.0 technologies. We are offering exclusive NFTs to early adopters to join us on our journey and benefit from the progressions we make.
What Do You Do?
We have minted 2,625 NFTs that are now live for holders to buy. From the LegalCoin Marketplace, holders can buy, sell and trade various NFTs.
In addition to this, the LegalCoin Roadmap will see various technological advancements within the industry using our blockchain infrastructure. This includes AI Chatbot development, state-of-the-art Case Management creation, and Litigation Funding.
What Is An NFT?
An NFT is a non-fungible token. It is a uniquely identifiable digital asset that cannot be replicated or changed. It is created and encoded using blockchain technology that is used to certify authenticity and ownership. This allows NFTs to be sold and traded accordingly.
In LegalCoin’s case, our NFTs represent different aspects of the legal profession, including a Court Room, Legal Books, and a Gavel. Each variation will have Platinum, Diamond, Gold, Silver, and Bronze adaptions.
What Is The Buyback Option?
LegalCoin will look to buy back your NFT after 12 months at an increased percentage. You can, of course, hold onto your NFT if you wish to do so and trade it on our Marketplace.
How Will You Add Value?
LegalCoin will continuously be launching software and services within the legal industry using the technology that powers our NFT and token. We will develop a number of use cases for the legal industry, including Smart Contract use in legal cases, CRM systems, Litigation Funding, and AI Chatbots on websites for client satisfaction. As we create these legal enhancements and add more use cases of blockchain tech within the industry, the value of LegalCoin increases. Your NFT can increase in value as we develop and progress an entire industry.
What Is Your Mission?
LegalCoin will be using the latest Blockchain technology to create digital systems within the legal industry that modernise an often antiquated profession. We want transparency, access to justice, efficiency, and decentralised control.
What Is Blockchain Technology?
A blockchain is a type of distributed database or ledger that is shared among nodes of a computer network. This technology has created a system of recording information that makes it impossible to change, hack or cheat. Each block on the system contains a number of transactions and each time a new transaction occurs on the block, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).
What Is The LegalCoin Token?
Our LegalCoin Token has been created using the same infrastructure as our NFTs. The Token will be underpinned by all of our use cases and used in various aspects of the legal industry. We will be airdropping LegalCoin Tokens into each Wallet of each holder. As LegalCoin grows, so too will the value of the LegalCoin Token as a cryptocurrency.
Where Are You Based?
We are based in the home of Crypto, Dubai. We are proud to be close to similar companies such as Crypto.com, Binance, and Coinbase.