Law Blocks (LBT), is a one Window Blockchain-based Ecosystem, To List on BitMart Exchange
BitMart, a premier global digital asset trading platform, will list Law Blocks (LBT) on October 27, 2022, for all BitMart users, the LBT/USDT trading pair will be officially available for trading at 08:00 AM (UTC).
What is Law Blocks (LBT)？
Law Blocks is a user-friendly, time saving and community-driven truly smart truly legal contract-based platform for creating legal documents (on blockchain technology) such as Agreements, Power of Attorney, Business Contracts, Declarations, Affidavits, Memorandum of Understanding, etc. subject to yourselves following the prevalent laws in the country in which it has to be acted upon and subject to yourselves following the process of ensuring the validity of those documents in accordance with law, which is cryptographically signed by each party thereby acknowledging their covenants.
Why Law Blocks (LBT)？
Law Blocks is creating an all-inclusive ecosystem for managing contractual relations that includes:
(I) A framework to allow professionals to create legal contract templates supported by smart contracts to automate business transactions;
(ii) A marketplace for such smart legal contracts that facilitates the dissemination and creation of new high-quality contracts;
(iii) Integrated Blockchain- based dispute resolution system.
Law Blocks is bringing the “new internet of contracts and jurisdictions” to the world to create a new stage of evolution in business relations.
- Interact with the Open Layer, the Community Layer, and the Court Layer;
- Purchasing Smart Legal Contracts templates (both purchase fees paid to creators and commissions on revenue paid by creators to Law Blocks);
- Paying fees for creation of Law Blocks native contract escrows in stable coin;
- Depositing escrows;
- Voting for resolving disputes in both the Open and Community Layer;
- Depositing the Performance Bond for the purpose of initiating an Arbitration Hub;
- Depositing required funds in Hub wallets to qualify as a Community voter or arbitrator
- Peer reviewing provisional drafts of arbitral awards to be rendered by one Arbitration Hub, where individual arbitrators from another hub are randomly selected to vote as peer reviewers.
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About Law Blocks (LBT)
Law Blocks Creates your Smart Legal Contracts using Blockchain Technology. Law Blocks Token (LBT) is an XRC-20 utility token that powers Law Blocks Eco System through XDC Blockchain Network.
Law Blocks Token (LBT), is a hybrid token that has both utility token characteristics and payment token characteristics. The Law Blocks Token (LBT) is the token on which the ecosystem is based. However, users can use fiat currencies and stable coins for payment. When they do so, a conversion in Law Blocks Token (LBT)s occurs, except in the case of stable coin escrow deposits. Such a conversion is automatic and “invisible” to the user, thanks to a user-friendly interface.
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