2LOCAL: Providing a sustainable local-2-local marketplace on the blockchain
The economies of countries around the world are becoming increasingly connected since globalization continues to make its mark — and many product manufacturers are not involved in exportation of their products. Exported products involve several intermediaries. However, local companies and products does require patronage to increase the economy of any nation. Promotion of local-2-local transaction enables sustainable development and
A blockchain project offers solution for the Local economy
Connected local companies are one of the fastest growing markets in the world. 2Local is a new blockchain project created to connect consumers directly with local products and build a prosperous ecosystem in compliance with the United Nations (UN) sustainable and developments goal
Local economies rely very largely on asset base and local products to be consumed by the members of the platform. 2Local connects individuals with locally made products. The project provIdes a network that empowers local companies and products connecting them through local-2-local transactions. A decentralized local-2-local ecosystem benefits both buyers and companies.
Features of 2LOCAL network
- Cashbacks.
2local, through its blockchain-powered ecosystem, is developing a worldwide network of consumers and companies that produce locally and sustainably. 2local platform supports local and sustainable buying with the help of a unique cashback system. The cashback system is imbedded in a special payment app which consist of marketplace that easily connects customers and businesses with the same ideals, using the L2L coin.
- Loyalties
2local has designed a loyalty program that rewards all connected companies, even the small ones. These companies will benefit from a free loyalty program for their customers that has the unique possibility of converting the cashback into fiat money. The current extremely high transaction costs drop to only 1%, which is easily regained by the rising value of the L2L coin.
- L2L coin
2local project aims to achieve their proposition and power the transactions that happen on their network through a sustainable and stable coin. Thus the project has created a coin that will grow in value over time. This sustainability-focused cryptocurrency, the L2L coin, maintains a stable yet rising exchange rate by using the buffer between the coin and USD. This means the tokens can be used as a stable payment. L2L is a stellar based token
Benefit of 2LOCAL
- Manufacturers
As 2LOCAL connects product manufacturers to the local product developers, physical intermediaries are eliminated and the transaction happens without the requirements to pay fees to cross-border agents or wholesalers.
Local companies are not only able to keep more profit, but they are also able to be connected with more consumers or users of their product through the use of L2L-coin.
- Consumers
The consumers or users who purchase local-2-local products will naturally benefit from the cost reduction of a shared service's operations. 2LOCAL offers a network for the shared local products and users will be an integral part of it; therefore; loyalty, cashbacks and cost-saving benefits are part of the things users of the platform will benefit.
Conclusion
2local enable the users of shared local products to engage in local-2-local transactions and encourage local sustainable prisperity. 2local network will connect local companies and buyers which allow users to buy direct local-2-local products
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