Lockness

Lockness aims on providing a safe and secure spending environment for users within the crypto space. For the first time; users can buy and sell goods and services on any platform at any time, under the protection of a P2P escrow system. The PayPal of crypto!

As the popularity of crypto increases and blockchain currency reigns in power, scams and fraudsters roam the network, increasing by a staggering 1000% within a one-year span. As cryptocurrency begins to mature from infancy; measures must be taken to protect the end-user in the most important sector known to the network, Transactions

Escrow crypto

Every transaction made through the crypto network is a risk of losing your funds to anyone on the receiving end. A bold solution Lockness aims to resolve is eliminating this risk in its entirety. Developing a secure gateway for escrow transactions; Available for P2P utility and businesses all around the world!

The Lockness Payment Gateway

As the moments pass by, millions of users will accept crypto as their preferred use of payments. Whether its

simply trading or consumer purchases online, the number of users is climbing exponentially upward of

the existing 100 million users.

Few target use cases With our initial P2P platform ready for release the possible use cases are endless! Metaverse Economies. GameFi Transactions. NFT Marketplaces. Escrow SAFT services. Milestone Transactions for Services. Online marketplaces. Builders, Freelancers & Gig Economy. Real Estate and Property Sales. Automotive, Aviation, and Marine Sales. Third-Party Managed Transactions. OTC Escrow Services

Introducing: The Lockness Token (LKN)

The Lockness token (LKN) upon release; will have utilities including:

• the ability to claim discounted fees upon the seller

• the ability to reward buyers with a percentage reflection of each transaction

• the ability to utilize (LKN) as a form or medium of accepted currency

• Integration within our transaction-based liquidity pool

In the future, the LKN token will have additional utilities including:

• Staking and farming integration

• A payment medium as a part of the yet to release; Lockness NFC payments

• Usage of Lockness wallet utility

In conjunction with the launch of the Lockness escrow platform, Were excited to introduce the Lockness token (LKN). After the subsequent launch of the Lockness token followed closely by the transaction gateway, Users will have the opportunity to create transactions using ‘LKN’ tokens; which will allow users to receive rewards through every transaction performed, as well as payee’s receiving a deducted 0.5% from the initial seller fees. Alternatively, users have the option to create transactions using BEP20 tokens of their choice, minus the potential rewards.

Were designing our Lockness token infrastructure around the utilities of our payment gateways, This will ensure a ‘double benefit’ system; ensuring the price of the token as well as the stability of the platform has been reached. As the community continues to grow, and the use case of the Lockness platform is brought to

the attention of the many crypto users, our platform will increase to grow in volume and

size. Every transaction made through the Lockness platform indirectly contributes to the structure of the LKN token. A percentage of the seller fees associated with every transaction; are split up into sectors, these include liquidity and burn contributors. As time passes and volume increases, The Lockness token will

indefinitely increase in value.

Product release

As Lockness ventures into the blockchain space, there are a plethora of solutions to develop and explore. As Metaverse economies begin to thrive and cryptocurrency becomes widely adopted across most use cases. Our solutions to the modern world are developed with the User in mind. Allowing affordable, easy, and seamless transactions to blend in with your everyday life, Paving the way to mass crypto adoption on

a global scale.

Your Crypto Is At Risk

1. Assurance is a necessity, Not a leisure

Payments Unprotected, Nobody Wins Is security important to you? We know everyone loves the feeling of security in their everyday life, so why should crypto be different? We've designed our escrow payment

application to work alongside users existing wallets, all funds sent and received will land in exactly the same

place they originated, now there's no need to fumble 10 different wallets to use a single application.

E-Commerce = Escrow commerce

We're making it easier for businesses to go about their activity whilst remaining safe throughout every transaction made. During the set release of our V2 platform in late 2021, SDK integration will allow business owners to seamlessly link the Lockness payment gateway within the convenience of their existing e-commerce site. Business transactions will also endure a 0.5% Discounted seller fee during every transaction

made.

2. Payments Unprotected, Nobody Wins

Generally, payment made through crypto undergoes the heavy risk of losing it all. Transactions based through the crypto network are subject to anonymity and decentralization, which for the most part is good. The ultimate downside is a potential scammer on the other end.

Escrow is the new go!

Through our newly developed payment gateway, transactions made through the crypto network are

protected through the use of an escrow payment method. Lockness may be considered as the ‘middle man’ between transactions to ensure both the buyer and seller are protected, and the agreement initiated is upheld, every step of the way.

3. Get paid while you spend

As if spending your hard-earned funds didn't feel bad enough. Were lifting the typical agenda behind spending money. Lockness is providing every user the opportunity to claim rewards for every amount spent.

Just one of the ways the seller fees are broken up and distributed to benefit the system as a whole.

The Bigger picture!

Major corporate payment gateways will charge a percentage of every transaction made, and keep the collective amount to benefit themselves. Moreover; our objective is to benefit the entire Lockness ecosystem through the fees charged to the seller. Burn and liquidity lock mechanisms are inbuilt automatically within the payment process to build upon the tokenomics of the LKN token. Creating a deflationary token system as a result.

Let’s Get Into the Tech

“Our platform will present an innovative gateway for crypto payments all around the world.

Through harnessing the power of smart contracts, Lockness will be capable of creating custom

escrow payment solutions through developing secure smart contracts for every transaction

made. As a result of all this, we intend to significantly reduce the rate of scams and fraud

spreading through the crypto space; as well as mitigating a connection between businesses of

the real world with consumers within the blockchain ecosystem. As a result; maintaining the

growth and safety of the community as a whole”

Malik Sukkarieh — CEO and Founder

Development, Fast tracked

Development is moving at an extremely rapid pace. From payment gateways to secure wallet applications. Were disrupting the crypto market by creating the latest and greatest solutions to the issues we face day to day within the crypto ecosystem. Our Payment gateway BETA SDK is set to release alongside our native token, Both elements work together to support each other. Our very own Lockness wallet, as well as NFC POS integration, will be available for businesses and well as P2P users to utilize in the coming months.

Road Map

Technical Specifications

Extra measure

Nothing is more important to us than security. To ensure your funds as well as the project reserve funds are safe. Lockness has taken all measures into account to order to assure the risks of stolen funds have been eliminated. As a result, funds held within the Lockness reserves will be stored within the cold wallet storage

system; to retain long-term security measures for the platform as well as the token.

As an extra precaution taken toward any catastrophic events that may occur, Lockness is to employ white hat penetration testers; to ensure the stability and security of our internal systems.

We work for you

The foundation of the crypto space is indefinitely its community, without the support of the many users around the world, crypto would not be where it is at this point. Protecting the community is by far the biggest concern crippling the crypto space. Millions of funds have been stolen as a result of Fraud or scams lurking in the ecosystem. The Lockness escrow system will surely improve the trust system that currently exists and drive the unwanted attention back into the depths.

Escrow your crypto

To protect our users through the Lockness payment gateway, we must create steps to ensure the process carries out its purpose. Users who deploy an escrow transaction will be subject to a withholding period of their choice, during this time funds are withheld until the item has been delivered. Once the item is

delivered and the product is approved by the buyer, only then will funds be released to the seller. Safe and Sound.

Compliance is the best policy

Working together is a part of our business we do not take lightly. Government regulations and Lockness work together to create a harmonious environment and stability within the Lockness community. We will be working closely with major eCommerce businesses and encourage all participants to view the stringent auditing and KYC measures taken to assure our legitimacy.

Fees that work for you

The Lockness business model is constructed with fair fees to the seller to allow them to remain sustainable, buyers on the other hand remain free as an encouragement to use our platform and to stay safer when making crypto payments online. For the first time, Lockness has developed its fees to benefit you, the user. Fees retracted from the seller are distributed proportionately to benefit the system I.e a portion becomes buyer incentive reward, liquidity contribution, burn, etc.

Lockness Payment Flexibility

We understand everyone's situation is different. You might be a Retail businessman, Software developer, or maybe just the average Joe making a purchase! Keeping this in mind; we've developed our system to revolve around you, delivering flexible payment methods for most use cases. We've broken our payment system down into 2 flexible payment methods.

Direct P2P Payments

Everyone wants to be in control of their money, but what if you could be in control?

Delivering a service online isn't easy, whether it's developing a website or simply hiring a moderator online, payments can get complicated.

First, there's the issue of remembering when to pay the funds, and second, how much do we owe

them again? I forget…

With the option of milestone payments, Funds are held in escrow and distributed at any scheduled time. Whether it's next Tuesday or an ongoing payment each week, Lockness provides the flexibility you need to keep moving forward with your day. Leaving you in control of your crypto.

What if the customer forgets to approve the item after receiving it?

All measures are taken to ensure smooth sailing for all of our clients. That's why we've integrated a fail-safe duration. Essentially; upon requesting a transaction, it is mandatory to fill in the maximum amount of wait time until a transaction must go through. So no matter how long you wait; the payment is programmed to go through at the fail-safe time that has been approved by both parties. See, no stress!

Lockness Token Economics

We’re developing the Lockness payment gateway to allow users to seamlessly spend their crypto through every transaction; under the protection of a protective escrow system. The transactions may incorporate the use of ‘BEP20’ tokens as well as the native Lockness (LKN) token. As development broadens, network bridges will be made to support many more crypto networks, such as ERC20 based tokens, etc.

A Lockness transaction starts its life in the hands of the buyer. A simple crypto transaction is created which will immediately generate a smart contract; tailor-made to the nature of the transaction. As the funds are withheld and secured within the Lockness holdings; the buyer at this time has the opportunity to view his service or item received; before approving it and allowing funds to finally pass through to the seller.

Want to know what happens if the item isn't received as promised? Good question!

During the Withholding period, there may arise the circumstance where the buyer has received a faulty product or nothing at all. This is where we come in! Lockness will be notified of the disputed case and recognize the party at fault, before providing a full refund to the rightful recipient. In turn, protecting both the Payer and Payee during any given crypto transaction. Simple, Fast, and Safe!

Token Economics

Our unique payment gateway will allow users to finally shop and pay others online with the added peace of mind of safety security and assurance. The Lockness gateway will open up many opportunities for businesses to grow within the ecosystem as well as improve the infrastructure behind Direct P2P payments. As a result; paving the way to mass crypto adoption for all! This is a much-needed necessity for the crypto space and a deterrent for scammers online who seek to take the funds of unsuspecting crowds.

OK, But do you really need a native token?

Yes, we do! This is not only to benefit the project as a whole, developing a native token alongside our payment services will also benefit you; the user. With the upcoming release of utility applications; such as Lockness

wallet and NFC Tap&Go payments, compatibility with our token will allow us to incorporate features, not possible when using other available networks.

Let's run through the cycle of our token. As a transaction leads towards its ending stages; the seller will incur a small fee as a total percentage of the transaction made. This fee is promptly broken down into multiple parts, incorporating an automatic burn and liquidity function. The percentage of the tokens that are sent to

burn will increase the scarcity of the token hence an increase in token price, and the portion of $LKN tokens that are sent to liquidity will create stability within the token itself.

Stringent Auditing

Determining the rightful owner of funds during a disputed transaction is no easy task, that's why we investigate through fact-checking processes and evidence-based opinions to ensure every decision made; is the right one

DeFi at its finest

Lockness is and always will be decentralized. The only access of funds available is during the dispute process, Where funds in escrow are designated to the rightful recipient.

Escrow for everyone

Everyone has the right to feel safe about their funds. So were making Lockness available to everyone, no matter where in the world you reside.

Public Begins Mid December 2021

*Any excess tokens will be burned after the token sale.

**At launch, there will be 1 Billion tokens (or slightly less as any tokens not sold will be burned). We are selling 25% of the tokens (260 million) between the private sale and public sale and will distribute tokens shortly after the close of the public sale.

Token distribution will occur hours after Pre-sale has been Completed.

An important mention to note is the vesting period that comes along with every ICO & IDO token purchase. These private fund rounds both encounter a vesting period in order to prevent the possibility of a mass sell-off launch, in order to protect the investments of the people and the stability of the token, Lockness has incorporated these vesting periods exclusive to both the Private sale and Pre-sale funding rounds. Please check the detailed tokenomics charts to view which vesting period may apply to you.

If one may choose to invest in different Pre-sale rounds, Vesting periods apply to each separate investment for both rounds. This means you may experience different vesting criteria for both separate investments.

Token Economics: Token Allocation

Token Economics: Rounds

Our Mission

Block chain;

Revolutionized

The Lockness Payment Gateway is a long term mission, In order to achieve the end

goal we require a crowd-sale as a small factor to contributing towards the success of the

Lockness platform. Lockness is not an extension of the current payment wallet to wallet

system we currently use today, But rather a complete replacement. Our goal is to adopt

70% of payments made on the blockchain to pass through the Lockness platform by the

year 2025, or sooner! Similar to the traditional banking system still alive and well today,

PayPal secure transactions have paved the way for a safer online consumer

environment and slowly transitioned e-commerce by replacing traditional bank

transfers with their safer, easier alternative. In the same way, Lockness will revolutionize

the payment system on the blockchain as we know it!

Our Partners

Lockness aims on providing a safe and secure spending environment for users within the crypto space. For the first time; users can buy and sell goods and services on any platform at any time, under the protection of a P2P escrow system. The PayPal of crypto!

Few target use cases With our initial P2P platform ready for release the possible use cases are endless! Metaverse Economies. GameFi Transactions. NFT Marketplaces. Escrow SAFT services. Milestone Transactions for Services. Online marketplaces. Builders, Freelancers & Gig Economy. Real Estate and Property Sales. Automotive, Aviation, and Marine Sales. Third-Party Managed Transactions. OTC Escrow Services