• Law Blocks founder offers insights into decentralizing law world
• This will happen through blockchain technology.
• Law Blocks uses blockchain technology to keep track of legal contracts.

Law Blocks, a blockchain-based one-window ecosystem that allows you to create and keep records of smart legal agreements, is called. Let’s dig deep into the Law Blocks utilities and other information in this interview with Ms. Hitomi Ikeda, the co-founder of Law Blocks.

1. Please tell us about you and the inspiration behind your vision of a legal technology community.

Answer: It is complicated to consider the different needs of startups and laypeople when it comes to getting legal work done. Law Blocks was created by my legal team and me. We wanted to simplify this complicated structure, and make it easier for laypeople using smart contracts and blockchain technology. Smart contract inheritance features will change the entire legal industry, and we are taking our 1st step at https://Lawblocks.io/.

2. Let us know more about Law Blocks.

Answer: Law Blocks is a platform that allows the legal community and others to make templates to suit their needs. The contract is signed cryptographically and agreed to by both parties. To trigger additional facilities such as escrow and payment or transaction obligations, you can add various obligations from real-life contracts later. We will add features as per the community request on our website https://lawblocks.io/ and entire ecosystem powered by Law Blocks Token with ticker ID: LBT

3. Are there Law Blocks?

Answer: The Dubai office of Law Blocks is located. Next offices will be in Japan and Singapore. Law Blocks also has freelancers and experts from all parts of the world.

4. Why did you decide to use XDC’s blockchain network?

Answer: XDC Network suits Law Blocks vision with substantial advantages over other networks such as low gas fees, high speed transactions and near-zero gasoline fees. It consumes at least 99% less energy than proof-of-work (PoW)-based systems and suits the Law Blocks platform’s basic requirements.

Apart from that, the XDC network community’s support for utilities-based projects is enormous. As a token of the XDC Network $LBT can access multiple DEX like Globiance DEX and XSwap. Third-party wallets such as DCent, Bitfi and Ellipal are also available to $LBT.

5. How can you settle disputes between Law Blocks?

Answer: The following are the four methods Law Blocks can use to settle disputes:

1. Arbitration and mediation are legal, thanks to the Law Blocks Team

2. Mass voting allows for community resolution

3. Arbitration and paid mediation are available to resolve disputes

4. Arbitration courts and arbitration resolution centers (parties’ choice) of international courts of arbitration

6. Who are Law Block’s main competitors?

Answer: We are today’s market leaders because it is new (as Blockchain is an evolving technology) and we continue to improve our product daily with the assistance of lawyers, blockchain specialists, and AI scientists.

7. We would appreciate your input on the Law Blocks Roadmap.

Answer: Law Blocks is designed to make it easy for legal document users. In the beginning, templates and contracts will be available from every continent. We also have products that can be used by everyone. Co-partner lawyers, as well as legal specialists will be there to help us with any legal issues. The product is being upgraded by our technology and blockchain experts to provide the most utility possible for users’ contributions.

8. A description of the tonoomics in Law Blocks.

Answer: The community can visit https://lawblocks.io/tokenomics.html to view our token allocation. The total supply of $LBT is 1 Billion, here are the token allocations for the community’s understanding:

● Ecosystem – 40%

● Founders – 20%

● Core Team – 2%

● Contingency – 10%

● Exchange listing and MM – 18%

● Private sale – 10%

Total token supply: 1 Billion

9. What are your financial options for supporting your business?

Answer: In return for tokens of $LBT, we have been able to receive substantial financial support from close friends.

The core team already made personal investments to help develop the products as well as the expenses for the team. Five million dollars has been invested by us in the community. In order to raise additional funds, we also have our Initial Coin Offering.

These are all details about the ICO.

As follows is the pre-set price for the ICO

April US $0.10 (10 Cents).

May US $0.15 (15 Cents)

June US $0.20 (20 cents)

Law Blocks intends to only onboard supportive members of the community through this ICO. Therefore, tokens given to community members in ICO will remain locked by smart-contract until released.

In October 2022, 10% of the total number of locked tokens will go public.

In January 2023, 10% of the total number of locked tokens will become available.

In April 2023, 10% of the total number of locked tokens would be released.

In July 2023, 10% of the total number of locked tokens will become available.

Ten percent of all total locked tokens are expected to be released by October 2023.

Half of all total locked tokens are expected to be released by January 2024.

Members of the community interested in ICO may email admin@lawblocks.io.

We are launching on 1st July 2022 at $0.25 (25 cents)*.

Based on the huge demand for Law Block tokens, this price estimate was made. Also, we are planning three global exchanges.

1. Liquid

2. Bitrue

3.HitBTC

Also, we are planning to launch regional exchanges such as Coin DCX India.

10. What are the best places to buy Law Blocks Tokens

Answer: The community is responding strongly to this venture, especially from legal and blockchain communities. Founders would like to sell initial tokens at a cheaper price to build ICO communities and grow the community. This venture will be fully community driven.

11. Do you have any plans to airdrop?

Answer: We’ve already distributed over 500+ tokens in our community against contributions from them. Law Blocks plans to offer a variety of reward programs that will allow participants to receive $LBT tokens monthly. Participants will need to perform various tasks in order to be eligible for $LBT after approval. Keep following our Twitter account (NYSE:) or Linkedin account for future updates on bounty.

12. What date will the $LBT token go live on different exchanges?

Answer: In the second quarter of 2018, we will be launching various exchanges. Bitrue will be listing $LBT with us at Liquid, and we plan on adding more to the list in the future. We also intend to get $LBT on Indian exchanges by looking at Indian citizens’ interest in coins.

Let’s conclude this AMA here. Keep up to date with new developments by following their official social media channels.

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