The Token to Power the Good Food Economy
We designed our currency, the LOKA, to support local farms, food-makers, and small businesses.
You can purchase LOKA on our site and use it in our marketplace, or donate it, either through our Lokaal support fund or directly to specific farms or foodmakers listed on our funding pages.
We are harnessing the power of smart contracts to make the disbursement of microgrants and loans to farmers worldwide transparent, administratively easy, and interest free. Unlike similar platforms relying on traditional financial institutions, we can get the vast majority of donated funds delivered to the people who need it.
Charitable donations and carbon credit purchases not only provide valuable (and traceable) social impact, they also help provide the liquidity necessary for LOKA to be a true all-purpose currency. Vendors using LOKA get reduced payment processing costs and instant access to capital advances, along with all the benefits of a blockchain ledger system providing batch trace-ability through the supply chain and a stabilized currency that you can trust.
Currently, we are in an early beta as we build out the technology to support advanced features, but if you are in the North Eastern US, there are already a variety of good food products that you can purchase through our initial partners, and we are bringing more vendors into the mix.
Smart Contracts Make it Possible
Institutional customers purchase tokens and then allocate them for carbon credit or specific philanthropic projects.
All of the project requirements and details are recorded on the smart contract.
Lokaal Market makes these tokens available to our network of vendors and partners and the funds are automatically distributed to multiple organizations meeting the project’s validation criteria.
The LOKA token applies blockchain to farm to table agriculture.
Blockchain: sourcing transparency for consumers and regulators
Get Paid Easily & Quickly
Farms and good food vendors get paid instantly for any sale that is made in our network. We manage the collections risk with buyers.
For those times that you need cash even faster – like at the beginning of the growing season before sales have started – farms have access to take out self-administered loans based on their sales history in the network. Loans will be repaid automatically as a small percentage of future sales, with no penalties or fixed payback period.
Cashing out from LOKA to a local fiat currency is super easy as well. The exchange rate at the time of sale is recorded in our system and guaranteed, so you will never have to worry about exchange rate volatility when it comes time to pay your bills.
Tom McDouggall - 4P Foods
Austin Johnson - eFowl
An all-in-one payments partner
We are building our platform around a solid group of initial partners who see the value in a distributed token based solution for handling payment in the good food industry. If you’re a good food retailer and want to participate, let us know!
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Send us a note Anytime
Interested in participating in our pre-ICO, adding your company to the list of those accepting LOKA, or just want to know more?