The Pre-ICO will close on November 10. The main ICO will take place in November-December 2017. After the crowdsale, the Lescoin owners can either get the wood or receive the dividends from selling lumber to China. 1 Lescoin is equivalent 1 cubic meter of wood. Processed into lumber it costs up to $200 in the Chinese market.
The company offers generous bonuses to early investors: 50% during pre-ICO
Lescoin is backed by a group of Russian timber companies. They expand the production into an area at the border with China and Japan, the main importers of Russian wood. For developing at least one production enterprise it is necessary to raise at least $7 mln. This is an established business in the real sector with predictable profits.
“Our offer is mainly for investors who would like to diversify their portfolio, said the project founder Ivan Gridin. “We are planning to make the very first ICO on the government-backed platform. Despite the negotiations are on the way, our investors can be sure that tokens they buying are secure and backed with real commodity, not only pixels”.
Now the main production is located in the Far East. Thus, after Far East is will become Russia’s free investment zone where crypto-trading will be legalized, there would be no need to release the token on the “official” exchange in order to pass under the free investment regulation.
Investment opportunities in the Russian timber industry
Russia’s timber industry is on the rise as the global demand for wood is growing. In 2016, China alone increased the wood import from Russia by 36%. The Russian government facilitated the trade development by reducing export duties. However, the industry suffers the capital deficit and wear of the industrial base. Russian companies strive to modernize the production.
Russia’s rich forest resources are concentrated in West Siberia and the Far East, known for their vast undeveloped territory. The lack of transport and wood-processing infrastructure there hinders the development of the industry. Suffering the economic sanctions, the Russian business has no easy access to foreign capital. The crypto-market becomes a new promising option.
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