Frequently Asked Questions

LNCH - FAQ

What is the Frequently Asked Questions ("FAQ") section about?

In chess, players will exert tremendous energy defending bad ideas they wish were good. The more someone or something gets attacked for their beliefs or ideas, the more you should pause to consider that those beliefs might be true. Objectivity is rare to extrapolate.

This FAQ provides an objective translation of the features of the technology into the user benefits of the voluntary technology utilization by answering some common questions.

Token Distribution and Deployment

How can I acquire tokens?

Please use our Acquire Tokens application ("ATa"), which can be located by clicking the circular "GET LNCH" button on the mainpage and following the instructions.

To participate in the deployment process, you will need an Ethereum compatible wallet or an application where you and only you hold the private keys. Private keys are needed to correctly interact with smart contract functions, like transferring cryptographic tokens. Do not send ether (“ETH”) directly from cryptocurrency exchanges, only from an ETH compatible wallet or ERC-20 token standard compatible wallet. Further information will be provided in the instructions page.

What ETH compatible wallets are recommended?

We recommend using either: MetaMask (Chrome browser addon); or MyEtherWallet (no download needed).

WARNING: The following wallets are known to be incompatible wallets; this is not a complete or comprehensive list. Please do not use any of the following wallets to participate in the deployment process as these wallets are not compatible and may not be secure: Any Bitcoin exchange; Any Ethereum exchange; Jaxx; Exodus; Coinbase; Gemini; Binance; Poloniex; Kraken; Bitstamp; Bitfinex; Bittrex; Cryptopia.co.nz; Cex.io.

What is the overview of the deployment processes?

The token deployment will take place over 341 days starting on April 30, 2018 at 13:00:00 UTC.

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Fourteen Trillion (14,000,000,000,000) LNCH Tokens will be acquired according to the schedule below:

Seven Trillion (7,000,000,000,000) LNCH Tokens will be distributed during a 5 day period beginning on April 30, 2018 at 13:00:00 UTC and ending on May 5, 2018 at 12:59:59 UTC (the “DEPLOYMENT I”).

Seven Trillion (7,000,000,000,000) LNCH Tokens will then be split evenly into 350 consecutive 23 hour periods of Twenty Billion (20,000,000,000) LNCH Tokens each beginning on May 5, 2018 at 13:00:00 UTC (the “DEPLOYMENT II”).

At the end of the 5 day period and at the end of each 23 hour period referred to above, the respective set number of LNCH Tokens set forth above will be distributed pro rata amongst all authorized acquirers, based on the total ether (“ETH”) contributed during those periods, respectively, following the formula as follows:

Number of LNCH Tokens distributed to authorized acquirer = a * (b/c)

Where:

a = Total ETH contributed by authorized acquirer during the period.

b = Total number of LNCH Tokens available for distribution in the period.

c = Total ETH contributed by all authorized acquirers during the period.

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Fourteen Trillion (14,000,000,000,000) LNCH Tokens will be reserved for the genesis block configuration of the launchable blockchain according to the schedule below and cannot be traded or transferred on the Ethereum network:

Seven Trillion (7,000,000,000,000) LNCH Tokens will be reserved and distributed to certain consultants who serve on the LaunchPAD Advisory Board and cannot be traded or transferred on the Ethereum network.

Seven Trillion (7,000,000,000,000) LNCH Tokens will be reserved as a reserve supply for LaunchPAD Inc. and cannot be traded or transferred on the Ethereum network.

I have contributed to the token deployment process. When do I receive tokens?

At the end of each Token Acquisition Period, you may claim any tokens allocated as an ERC-20 compatible token through the Ethereum blockchain.

What is the deployment process structure and supply breakdown?

A lot of token distributions allow only a limited amount of people to participate. The LNCH Tokens and PAD Tokens deployment structure was created to provide a sufficient and abundant period of time for people to review and participate in the open source technologies if they so choose, as well as give people and users the opportunity to witness the development of the LaunchPAD Technology prior to making a decision to acquire LNCH Tokens or PAD Tokens or adopt the LaunchPAD Technology and launch the LNCH Network.

Please see Section 2 Token Deployment of the LaunchPAD White Paper.

Explain the metrics of the deployment process and what are the costs?

At the start of the deployment (the "Token Acquisition Period") the LNCH Tokens and PAD Tokens will be held in the Ethereum blockchain; this is at amendment and discretion of further consideration as security or utility may demand. No product development or deployment costs for any open source product to be deployed by the community in order to adopt and launch the LNCH Network will come from the deployment of the tokens. All costs of the proposed deployment or development of the tokens and all open sourced technologies will be paid for by LaunchPAD Inc. (including legal and development cost).

Decentralized Exchange (DEX)

What is the Decentralized Exchange (DEX)?

A truly Decentralized Exchange is an exchange market which simply does NOT rely on any third party service to hold users' funds or to facilitate matching and confirming exchanges. A network of computers and open source software can enable users to conduct all of their exchange interactions without a centralized location.

For example, this network can provide investors with access to various bids/ask prices and deal directly with other investors/dealers privately. Trades are executed Peer to Peer between users through an automated process involving tokens which represent assets that can be transparently yet privately verified through the decentralized multi-signature escrow system.

Given its robust trustless peer-to-peer network, a truly Decentralized Exchange has multiple layers of defense, unlike exchanges centralized by individuals, specific servers, or institutions which are all subject to arbitrary control, maintenance, and are all vulnerable to a single point of failure.

Completely Decentralized Exchanges provide three decisive benefits: (1) They are structurally global, lightning fast, reliably efficient, and remain open and available 24 hours every day, 7 days every week, given the strength and scope of their networks; (2) All transactions are open, transparent, and private; (3) The transactions, their records, and the network are secure, open to the community of users, and incorruptible (Given their control structure and points of failure, centralized exchanges have built-in opportunities for corruption).

The trustless nature of decentralized exchanges is fundamental to safe internet interactions. It reduces identity theft, since cryptography renders the KYC (Know Your Client) method redundant. Users are able to maintain the security of their own information, identity, and keys, and this security is reinforced by state-of-the art cryptography.

The risks involved in centralized exchanges are no longer acceptable; given the development of the internet today, decentralized exchanges will inevitably open new paths to innovation. Experienced and creative entrepreneurs are expanding these networks; in addition, the growing networks of decentralized exchanges will enable people from all walks of life to conduct their own business globally at a fraction of today’s costs.

What are the ingredients for a DEX technology?

A cryptocurrency, a blockchain, a community of people, computers, and a way to decide on rules.

What is the LNCH DEX Operating System?

LNCH is the most robust decentralized exchange operating system for buildable, flexible, and scalable decentralized exchange applications.

LNCH is open source software in the LaunchPAD Technology Blockchain stack that supports a decentralized exchange's basic infrastructure and functions, such as scheduling trades, executing trades, and controlling applications that interact with these frameworks.

It is quite like traditional operating systems with built-in cryptonomic incentive for the purpose of supporting the shared and distributed infrastructure of a Decentralized Operating System with its own version of a frictionless Peer-to-Peer Electronic Cash System known as Lightning Cash (LNCH). It will be the infrastructure able to host any sort of frctionless Decentralized Exchange transactions asynchronously, just like the list of operations running "at the same time" in your computer, looking at the Task Manager.

A Decentralized Exchange Operating System is somewhat a more focused product compared to Ethereum's decentralized computer, afterall computers can be installed with multiple Operating Systems. Application Tokens running on top of LNCH may be hardforked (or in the traditional software terms, updated) without affecting LNCH itself.

This operating system perspective introduces a blockchain platform tha cannot be disrupted by hardforks, an encouraging and welcomed change to the existing first and second generation blockchain infrastructures.

To enable distributed exchange of data, information and value of any kind in a private, secure and un-censorable manner, a most robust infrastructure is necessary and may be what it takes to truly bring blockchains to the masses for an up and coming tokenized economy and programmable-money society.

The approach proposed by LNCH for the advancement of blockchain technology infrastructure to enable scalability and flexibility of Smart Contracts and Application programming languages in parallel on the same Operating System blockchain infrastructure. This can bridge together all blockchains by a decentralized and distributd methodology, allowing for usage of multiple blockchains at the same time, all connected by a common Operating System that enables the distributed exchange of information, data and value between existing incompatible technologies and applications.

How does the LNCH DEX work?

People in this particular cryptocurrency community vote for Witnesses to secure their exchange of information and data on the Decentralized Exchange Operating system. Witnesses make up and verify the Decentralized Exchange's seats, or centralized locations of verification, where the blockchain is cleared, written, and verified by these Witnesses. Only the top 100 Witnesses are paid for their service toward the upkeep of this shared ledger. Many holders of LNCH and users want to become paid Witnesses and so there are many backup Witnesses actively verifying that the paid Witnesses do their job.

Influence is determined by how many tokens a Witness holds, this means that Witnesses who hold the most tokens will influence the network more than Witnesses who have very few tokens. As the community grows, it gets harder and harder to remain a paid Witness and remain part of an Exchange Seat's Witnesses Pool, due to increased competition. Witnesses in the community can remove their support of a Witness that does not do its job, essentially firing the misbehaved employee. The system is dependent upon active voters in the community, or computers passively running the verification infrastructure of network interaction (in order to be paid for doing so by the network through inflation).

How will Lightning Network exCHange technologies save time or money?

Lightning Network exCHange Cash is a decentralized system for instant, high-volume trading built on top of and utilizing a consolidation of existing open source technologies, that removes the risk of delegating custody of funds to trusted third parties or centralized locations. It is one of the first implementations of a multi-party Smart Contract (programmable cash) using a consolidation of smart contract blockchain technologies and built-in turing-complete scripting and anonymizing ring signatures to facilitate dark pool style decentralized exchange for the decentralization of trading. The Lightning Network exCHange technology utilizes the leading technological development in multiparty financial computations with blockchain technologies.

Are Lightning Cash transactions blockchain transactions?

Lightning Cash uses its own token or cryptocurrency on existing blockchains, to facilitate transaction between blockchains in a process that tethers blockchain assets onto a virtual trading floor where none of the tethered assets actually move. Lightning Cash sends payments using the transaction format of the underlying blockchain through trade routes. When running on the blockchain, Lightning Cash is actually exchanging native transactions without the need to broadcast every transaction to the chain itself. This system, combined with a series of pre-signed smart contracts, enables users of the Lightning Cash to make instant, low-fee trades between blockchains, without having to trust central intermediaries or exchange custodians.

What are trade routes utilizing Lightning Cash?

A "route" is essentially a virtual money tube that connects peers within the network. In order to agree upon trade routes to clear the trade, the two participants assign funds on the respective blockchains pursuant to the cross-chain transaction into an entry which requires both parties to sign off a smart contract in order to move funds to/from the entry. This requires on-chain blockchain transactions to verify the tethering of the assets that will clear the trade via Lightning Cash. To exchange trade in this decentralized manner, counterparties of the trade exchange link spontaneous anonymous group signatures directly with each other every time they want to update order books in this local off-blockchain trade route. By making it fast and cheap for traders to clear high volume and high frequency trades on the decentralized exchange on an order-by-order counterparty basis, Lightning Cash can minimize the risk of funds being held by centralized exchanges, also decreasing custodial risk for both users and exchanges by decentralizing this process to the users.

How can smart contract technologies protect from responsibility?

Most people want to have zero responsibility for other people, and that is what these decentralized products and services grant. The network uploads the elements of responsibility and accountability onto the blockchain. In theory the LNCH Network adopting the LaunchPAD Technology works through the implementation of tokenization through smart contracts to take care of problems, eliminate responsibility and liability away from users and developers and put it onto the blockchain. This tokenization gives people something to believe in that can benefit them as a community of aligned interests between the customers, vendors, and owners of the network following the open protocols.

How can multisignature wallet technologies save time or money?

Multisignature wallet web applications benefit the community either by allowing the users to access a wallet on the blockchain through existing Internet protocols, or to download the source code of these web applications and run them offline. Through the utilization of web applications, users gain access to the blockchain network without having to download the entirety of the blockchain, which saves time and also money, along with the responsibility of running a node. The blockchain network protects user wallets from attackers by requiring multiple private keys to access and transact funds. In some cases, a multisignature wallet may be used to freeze the crypto-assets of the user interacting with it, thus protecting them from fraudulent transacting, until a later date.

What is the Dark Pool Protocol (DPP) and how does it provide anonymous decentralized trading infrastructure for the third-world?

Conventional tools for secrecy of wealth management and the encryption of wealth creation are being heavily damaged, exposed, and restricted by governments, corporations, hacks and leaks of centralized entities entrusted as trusted third parties.

A tokenized backbone for an anonymous framework of "carrier pigeon" trading is urgently necessary. The LNCH software's Dark Pool Protocol (DPP) introduces a method of hiding trade volumes and trade frequencies within a power decentralized, distributed, anonymous and shareable infrastructure which consolidates all existing models of privacy focused encrypted interaction within distributed blockchain systems

As a result, it is possible to conduct trading off-blockchain and in the space between blockchains without limitations of existing technology, speed, reliability, or trust. All blockchain to blockchain movement can occur anonymously, instantly, and with heterogeneous blockchain consensus rules. So long as the chains support the same cryptographic hash function, it is possible to make trading across incompatible blockchains and cryptocurrencies without trust in corruptible third-party custodians.

DPP leverages blockchain technology to build real world resolutions and use-case that demand the use of a token to incentivize more efficient bets practices through an alignment of incentive between the parties involved.

The DPP Technology is cross-protocol and cross-blockchain compatible, meaning all cryptocurrencies can be transacted between blockchains, or across blockchains, instantly, anonymously, and at zero-fees. A very flexible technology stack means the technology can support a very high amount of traffic and transaction volumes through existing protocols and existing technologies such as Data Storage Network, Lightning Network, SegWit, IPFS, Onion-Routing, and even GSM or phone to phone. This means users in the third world, where phone to phone communication across GSM networks is more dominant than the internet based communication, are able to utilize the DPP technology to make transactions between different networks or blockchains secure. Functionality can be buildable and extendable to all protocols. Integration of existing protocols or technologies such as Data Storage Network and Lightning Network allows for a consolidation of open technology without compromising decentralization or risk of hardforks.

LaunchPAD Technology

What is the LaunchPAD Technology?

LaunchPAD Technology is an open community software and open technology that introduces a consolidated decentralized exchange blockchain architecture designed to enable vertical and horizontal scaling of decentralized data and information exchange (the “LaunchPAD Technology”). This is achieved through more open frameworks that can be voluntarily utilized by the community. The LaunchPAD Technology includes smart contract systems, artificial intelligence automatons, blockchain based encrypted communications, gamified virtual reality worlds, decentralized and open sourced versions of existing technology and patents and other blockchain and cryptocurrency based operating system technologies upon which operations can be committed and cleared by the genuine willing nature of free markets and user voluntaryism. The open technology provides decentralized open formats and protocols for accounts, authentication, databases, asynchronous encrypted communication and the scheduling of trading of information and data across multiple blockchains. The resulting robust infrastructure is a decentralized blockchain open network architecture that has the potential to scale to lightning speeds of transactions per second, eliminating the high fees of traditional blockchain ecosystems and allowing for easy deployment of open decentralized technologies by the community within the open frameworks available.

What is the LaunchPAD Blockchain?

A blockchain is a distributed database, otherwise known as a distributed ledger or record of all interaction; a blockchain is stored as a shared and hard to take down infrastructure on devices all over the world that support its interactions.

A copy of all interactions on a blockchain is stored and verified by the users of a particular blockchain, on devices world-wide, this in order to protect the network from being taken down or controlled by a single entity, group, or individual that may become corrupted and risk manipulating the data. These users are paid to verify and support the blockchain, or run the network's infrastructure in a decentralized, hard to take down, way.

This ledger or record book is kept and maintained by the users, and so users are given a reason to keep the shared ledger running and shared processing of transactions of data operating; they get paid to maintain this record book through inflation of the back-bone token, or peer-to-peer electronic cash system related to the blockchain. This isn't just one record book stored in a central location that is shared by many, it is a record book duplicated by everyone, so that everyone shares the profits behind keeping this record book up to date, verified and secure.

The genius of this record book is that it requires no bank, no centrally owned company, and has no single point of failure. Users do not have to place their trust in any institution, there does not need to be middle-men of any kind. This shard record book is owned by everyone and not by any one individual or organization that can be corrupted.

Different blockchains have different record books, and so, not all blockchains have compatible histories or are maintained in the same shared record book, therefore, there must be a way to connect between these incompatible blockchains. This is what the LaunchPAD Technology Blockchain of Decentralized Exchange is purposeful for, and LNCH is the consolidating force that will connect between all incompatible blockchains.

Who is building the LaunchPAD Technology?

LaunchPAD Inc. has been building the LaunchPAD Technology. With a global team of consultants, advisors, and partnerships; the company focuses on top caliber technology solutions, including the architecture of decentralized blockchain based applications. All of the LaunchPAD Technology is open source and can therefore be expanded upon and built upon by anyone who chooses to do so.

What is LaunchPAD Inc. and what does it do?

It is a mobile body of decentralized open technology governance that can jump from chain to chain or cryptocurrency to cryptocurrency utilizing and building on existing open source systems to create new infrastructures and user experiences thereby creating solutions to problems holding back a critical-mass adoption of these projects and technologies. By figuring out how best to engage and scale a community's activities into a technology, this process can reengage a certain project with a community that can benefit from the technology advancing in a free and open format; this deployment and mobility is made possible by the willingness of the free market participant.

Are there financial statements or reporting of financial data related to LaunchPAD Inc.?

There will be no reporting of financial information or reporting of data related to the deployment of tokens or LaunchPAD Inc. except what is made available publicly by the utilization of the Ethereum blockchain.

Will the LaunchPAD Technology be released under open source software license?

Yes, at the end of its development stage, LaunchPAD Inc. will be releasing the LaunchPAD Technology and open frameworks it has developed under an open source software license.

How can the LaunchPAD Technology solve incentive and work problems?

The LaunchPAD Technology is an extension of existing software and technologies, building and consolidating onto what existing cryptocurrencies and blockchains are supposed to do for everyone in an efficacious way, (even though most of the functionality currently gets lost in the technicalities), while providing a new distribution and deployment technology for the myriad communities to adopt and launch forming around networks with economic incentives through the tokenization and cryptonization of proprietary and open-source technology to create tokenized economies.

Has anyone been given kick-backs to promote or market LaunchPAD Technology or LNCH Network?

Noone has been paid to directly promote or market LaunchPAD Technology or the launching of the LNCH Network, all promotions and marketing efforts are solely of the doing of the community aligning itself with their own genuine voluntary interests in promoting the success of decentralization and open technology.

Cryptonomics

What is crypto and what is it based on?

Crypto is based on ideology and beliefs more so than technology. Integrating crypto-economics within ecosystems of existing business or human to machine interaction to create new open business frameworks that hold potential to "cryptonize" or "tokenize" and open source the underlying technologies furnishes a point of economic incentive to lead more production and innovation with vested interests. Creating efficiency with existing companies or open-source projects in positions where they can start their own ideologies, create their own values, and provide services; this leads to empowerment and freedom through the consolidation of incentives onto the tokens.

What is the philosophy and the power of decentralization of technology and why should I care?

Any individual should be able to transact with any other individual across the planet, across the world, across the universe; instantly, freely and most importantly, without compromising their own personal privacy and needing to ask of the permission to do so from any bank, government, or corporation. All human interaction should be on a voluntary basis or not at all, each user should treat fellow users the way they want to be treated. If people act the way they actually are naturally they will attract a community of people around them that are the way they are; this is the basis for building an organic community or launching a decentralized network serviced entirely by decentralized projects and open source technology and software. People should say what they want to say and do what they believe in, and not worry so much about what those that disagree may think because there are many people out there who believe in and support similar things. This is the power of decentralization, giving the power of building and execution of a project to the people who want to use it.

How can cryptocurrency improve existing industry from the human perspective?

By pioneering the development and innovative launch of new cryptocurrency and blockchain technology, either usable on top of existing or based on completely new innovative networks or platforms or layers, there is a focus on the empowerment of communities of players which should benefit the human aspect. This process triggers solutions for the most important issue crypto faces, which is getting all involved in a fair way and on a voluntary basis.

Tokens

What is a token and what does it do for community?

A token is a permission to play in a crypto playground, the vision being tokens that are able to provide access to open sourced technology that facilitates access to prepaid services and products launched and adopted by the open community. These resources and tools can help people make their own playgrounds with no need for incumbents or managerial entities or administrative controls because the community is servicing each other. Implementing cryptocurrencies effectively can shift power to the people who use the tokens to create new business models to support the services and products that service the community.

What is LNCH (Lightning Cash) Token and what is it used for?

LNCH Tokens (or "Lightning Cash") are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “LNCH Tokens”).

You can utilize LNCH Tokens by adopting their technology to access and deploy the decentralized exchange smart contracts that enable the trading of ERC-20 tokens. Humans and Artificial Intelligence can exchange items represented by tokens (such as services, side chains, tethered assets, and currencies) based on these smart contract open frameworks.

Please see Section 3 (LNCH) of the LaunchPAD White Paper. In theory, users that choose to adopt and deploy the technology will utilize Lightning Network exCHange Cash trade routes to access these decentralized network services provided by the community and supported by the delegated stakers that enable the trading of tokens developed through the crowdraised services of the LNCH Network, but only if there are users willingly providing and engaging in this ability with the launch of the network by these third parties. The tokens and the Ethereum blockchain should incentivize these interactions that can in turn facilitate the network if the community chooses to do so.

What is PAD (Protocol Application Deployment) Token and what is it used for?

PAD Tokens (or "Protocol Application Deployment") are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “PAD Tokens”). PAD Tokens are to be airdropped to LNCH Token holders through the Ethereum blockchain.

PAD Tokens can be used by adopting their technology within the LNCH Network if/when it is launched and adopted by the community on blockchains and the LNCH DEX open framework technologies to perform all of the services necessary to develop a new blockchain or cryptocurrency project through the efforts of the community using the blockchain to connect themselves together in a trustless yet efficiently decentralized manner. Only if there are users willingly providing this ability to the network, the tokens and the Ethereum blockchain should incentivize these interactions that facilitate the LNCH Network.

Please see Section 4 (PAD) of the LaunchPAD White Paper. In theory, users can crowdraise PAD to crowdsource prepaid services on the LNCH Network, but only if there are users willingly providing and engaging in this ability with the launch of the LNCH Network.

What features, use-cases or attributes do LNCH Tokens or PAD Tokens have? Can the LNCH Tokens or PAD Tokens be used on a blockchain adopting the LaunchPAD Technology?

LaunchPAD Inc. is building the LaunchPAD Technology but it will not configure and/or launch any public blockchain platform or network adopting the open source technologies (the “LNCH Network”). Any launch of a LNCH Network will occur by the community unrelated to LaunchPAD Inc., third parties launching the LNCH Network may delete, modify or supplement the LaunchPAD Technology prior to, during or after launching the LNCH Network. The LNCH Tokens or PAD Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the LNCH Network or LaunchPAD Technology.

Do any specific rights or expectations come with LNCH Tokens or PAD Tokens?

Token holders should have no expectation of any return of funds, value, product or return of any other benefit. Tokens are not money and are not monetary instruments. They are also not stored value or currency. Token holders should have no expectation of any rights to any assets, profits, or intellectual property of any kind that is owned, used, operated, or created by LaunchPAD Inc. either for the purpose of informational or marketing materials or for the purpose of redeeming of service for users. LaunchPAD Inc. does not make any statement about the use of tokens for other purposes besides those pertaining to the acquisition of tokens. There should be no expectations of profit or value derived from the LNCH Tokens and/or PAD Tokens.

How will LNCH Tokens or PAD Tokens help achieve goals faster and with no effort from rent-seeking managerial entities or conventional common enterprises?

Easy access to prepaid service providers created and launched by the LNCH Network community can help users and developers connect amongst themselves to achieve the facilitation of development and scaling goals faster and with little to no effort from managerial entities or rent-seeking enterprises. As users become connected to other users who believe and are like them, and so are willing to do the work for projects in an independent community service provider fashion through the incentivizing model of the voluntary usage and adoption of the LaunchPAD Technology, the LNCH Network consolidates all the people and tools necessary to incentivize a community of crowd-sourced services. The power of decentralization and voluntaryism can possibly begin the process of skipping any crowdfunding by focusing on internally distributing the prepaid services required for execution and deployment by a community or third parties adopting the technology.

Is the blockchain for LNCH Tokens or PAD Tokens open and public?

The Ethereum blockchain is open and public and this public and open status is out of the control of a single organization or single entity but within the control and subject to the power, adoptability and willingness of its users.

Is there someway to verify LNCH Tokens or PAD Tokens or confirm or audit the blockchain?

The blockchain data is made available to the public by the Ethereum blockchain explorer and is voluntarily verifiable by the Ethereum blockchain network and the decentralized community of miners which confirm and audit the Ethereum blockchain data in a decentralized fashion by adopting the open protocols of the Ethereum blockchain.

What happens if the private key to a public key controlling LNCH Tokens or PAD Tokens becomes lost or stolen or destroyed?

Private keys should be kept private and secret from all other persons that are not the digital wallet controller; if a private key becomes lost this is fully the responsibility of the digital wallet controller or their custodial body. Using a custodial body may also lead to security risks through trusted third parties risk or other counterparty risks. There is no warranty or assurance that the processes related to the tokens will work when adopted as defined in this FAQ or in the LaunchPAD White Paper or in the Terms of Token Acquisition or related Disclaimers and Agreement(s).

Are LNCH Tokens or PAD Tokens redeemable or refundable?

There is no contractual right or other right or legal claim against anyone or anything to redeem or exchange tokens for money. There is no guarantee of any right of redemption or exchange of tokens for money or any rights thereof. There is no guarantee when an acquirer buys, trades, sells, or redeems tokens on their own accord and of their own willingness to take action to choose to be able to do so with tokens.

What is the LNCH Token economic breakdown?

Please see Section 2.3 (Lightning Network exCHange Cash) of the LaunchPAD White Paper.

What is the PAD Token economic breakdown?

Please see Section 2.4 (Protocol Application Deployment) of the LaunchPAD White Paper.

Is there a minimum acquisition for LNCH Tokens or PAD Tokens?

There is no minimum acquisition amount during any period of the LNCH Tokens or PAD Tokens deployment. No acquisition amounts will be rejected during the Token Acquisition Period, excluding any amount underneath 0.01 ETH that may be rejected by the Ethereum network. Additionally, to minimize bloat of any genesis block configuration, any ETH wallet that holds less than 500,000,000,000 LNCH Tokens and/or 500,000,000,000 PAD Tokens or another minimum amount could be ignored by the person or third-party who configures and launches the LNCH Network based on the adoption of the LaunchPAD Technology. This, however, will ultimately be decided by the person or community who configures, adopts and launches the LNCH Network and chooses to utilize the free to use and open source LaunchPAD Technology.

How can I see how much ETH has been spent during a specific period of the LNCH Tokens or PAD Tokens deployment process?

The amount of ETH spent during each Token Acquisition Period should be displayable in the history of the ETH on the Ethereum blockchain.

Is it possible to limit the amount of ETH spent per LNCH Token or PAD Token?

No, it is not possible to know the price of a specific Token Acquisistion Period until all ETH is received for that Token Acquisition Period and if you contribute in the last minutes or seconds of a specific Token Acquisition Period, there is no way to guarantee that your ETH will be received for that Token Acquisition Period. Please review all the risks associated with acquisition of LNCH Tokens or PAD Tokens including the technical risks set forth in the Terms of Token Acquisition and related Disclaimers and Agreements.

Are LNCH Tokens or PAD Tokens transferable?

While LaunchPAD Inc. will not be involved in any way in the transferability of the LNCH Tokens or PAD Tokens, it is possible that LNCH Tokens or PAD Tokens could be transferred on a peer-to-peer basis or on platforms or networks operated by third parties during the LNCH Tokens or PAD Tokens deployment process. LNCH Tokens or PAD Tokens will become fixed or frozen (non-transferable) on the Ethereum blockchain within 23 hours after the end of the final LNCH Token or PAD Token Acquisition Period.

As LaunchPAD Inc. will not configure and/or launch any LNCH Network, LaunchPAD Inc. will have no control over when, how or whether the LaunchPAD Technology is adopted or implemented, or how, when or whether the LNCH Network is launched. As such, you should not expect and there is no guarantee that you will receive or transfer any other cryptographic tokens or digital assets now or in the future.

Are there network fees when transferring LNCH Tokens or PAD Tokens?

Yes, the LNCH Tokens or PAD Tokens are an ERC-20 compatible token; therefore, transfers will be subject to ETH gas fees like all other transactions on the Ethereum network.

What happens if I can’t contribute ETH or don’t receive my LNCH Tokens or PAD Tokens?

The LNCH Tokens or PAD Tokens pursuant to the White Paper, the Terms of Token Acquisition (and any related Disclaimers or Agreements), LNCH Token smart contract and PAD Token Smart Contract and the LNCH Tokens or PAD Tokens are being provided on an “as is” and “as available” basis without representations, warranties, promises or guarantees whatsoever of any kind made by LaunchPAD Inc. and/or the consultants, partners, affiliates, supporters and/or related persons and/or entities and/or community. Prior to acquiring LNCH Tokens or PAD Tokens, you should ensure that you carry out your own examination and investigation and carefully review in their entirety the technology, the smart contracts, and the risks associated with acquisition of LNCH Tokens of PAD Tokens as set forth in the Terms of Token Acquisition (and any related Disclaimers or Agreements). Acquisition of LNCH Tokens or PAD Tokens are non-refundable and acquisitions cannot be cancelled. Under no circumstances will you be entitled to receive money or compensation for any LNCH Tokens or PAD Tokens acquired or your inability to acquire the LNCH Tokens or PAD Tokens.

Do I receive LNCH Tokens or PAD Tokens at same price as everyone else?

Everyone in a deployment period can acquire tokens at the same price. This price can be the price at which the Token Acquisition Period concludes at, and will be equal or less than the price at the time you spent ETH for the acquisition.

Was there any LNCH Tokens of PAD Tokens pre-sale or ways to obtain LNCH Tokens or PAD Tokens prior to the commencement of the LNCH Tokens or PAD Tokens deployment process?

No.

Why is the number of LNCH Tokens or PAD Tokens available for deployment higher in the first deployment?

The number amount of LNCH Tokens or PAD Tokens available during the first deployment of the LNCH Tokens or PAD Tokens Token Acquisition Period is higher than in subsequent deployments in order to: (1) accommodate the current interest and demand that we have received for the LNCH Tokens and PAD Tokens; and (2) help to more accurately determine early stage price discovery of the LNCH Tokens or PAD Tokens by the community.

Where do any proceeds from the LNCH Token or PAD Token distribution go?

Any proceeds from the LNCH Token or PAD Token deployment processes may be determined as the revenue of LaunchPAD Inc. the company.

What does LaunchPAD Inc. plan to use any proceeds from the LNCH Token or PAD Token deployment processes for?

As a private company, any proceeds of the LNCH Token or PAD Token deployment processes and periods will be utilized by LaunchPAD Inc. in its sole discretion. LaunchPAD Inc. intends to use certain of the proceeds for general administration and operating expenses, as well as to build a blockchain consulting and education business focusing on helping other businesses and persons re-imagine, re-engineer or create their businesses and ideas on the blockchain and tokenize or cryptonize their existing technology, developing more open source software that may be helpful to the open community and building decentralized applications using LaunchPAD Technology and the open frameworks available.

Why are proceeds from the LNCH Token or PAD Token distribution not being donated to a foundation or other non-profit organization?

Blockchains that adopt the LaunchPAD Technology to create, build, adopt and launch the LNCH Network do not require a foundation or a non-profit organization to help grow or maintain the network because such blockchains will be self-funding and consolidated in incentives and vested interests onto tokens at a protocol level. Based on the LaunchPAD Technology, it is intended that any blockchain that adopts the LaunchPAD Technology can generate natural inflation through the deployment of services production in such blockchain tokens to be distributed to the network’s services producers in connection with their confirmation of transactions on the network. In this case, such a blockchain will not be reliant on any one centralized foundation, organization, or individual for its growth, development or maintenance, but on the open community of users who willingly engage with it.

Why are LNCH Tokens or PAD Tokens being reserved for LaunchPAD Inc. and its consultants or advisors or partnerships?

LNCH Tokens or PAD Tokens are allocated to LaunchPAD Inc. pursuant to feedback we receive from the community in order to ensure that LaunchPAD Inc. has aligned interests with those participating in the LNCH Tokens and PAD Tokens deployments. The LNCH Tokens and PAD Tokens deployment smart contract does not permit LaunchPAD Inc. to trade or transfer LNCH Tokens or PAD Tokens during the LNCH Tokens or PAD Tokens Token Acquisition Period.

If the LNCH Network adopting the LaunchPAD Technology is launched, the default LaunchPAD Technology configuration developed by LaunchPAD Inc. will lock new tokens deployed pursuant to such LNCH Network in a smart contract and release such tokens to LaunchPAD Inc. at the end of each Token Acquisition Period. As mentioned above, the LaunchPAD Technology configuration of the LNCH Network will be ultimately determined by the open community when users and persons other than LaunchPAD Inc. that can initialize the genesis block and start the blockchain.

Will LaunchPAD Inc. be contributing to the LNCH Token or PAD Token deployment processes?

No, during the entire LNCH Token or PAD Token deployment processes, LaunchPAD Inc. will not do any of the following: LaunchPAD Inc. will not purchase tokens by any means; LaunchPAD Inc. will not pay any dividends to its shareholders; and LaunchPAD Inc. will not perform any share buybacks.

LaunchPAD Inc. intends to engage an independent third party auditor who will release an independent audit report providing further assurances that LaunchPAD Inc. has not purchased tokens during the Token Acquisition Period or traded tokens (including using proceeds from the token deployment processes for these purposes). This report may be made available to the public for community review.