Vision

What is ScalingLocals?

ScalingLocals is a decentralized funding platform that aims to revolutionize local project funding and support. It is built on blockchain technology, making it secure, transparent, and accessible to everyone.

At its core, ScalingLocals operates like a crowdfunding platform, allowing project creators to issue non-fungible tokens (NFTs) as rewards for backers who contribute to their projects. These NFTs have unique utility that comes with a particular project, such as access to exclusive events or products, or the ability to vote on project decisions. Backers can also earn Scaling tokens, which can be exchanged for Local tokens and used to participate in the DeFi ecosystem of Locals Power.

The Locals Power feature of the platform allows users to stake their Local tokens and rent out their NFTs to the digital art gallery, earning rewards from the growth of the ScalingLocals platform through crypto trading, DeFi protocols, and other investments.

ScalingLocals provides a unique opportunity for project creators to receive funding and support for their local projects, while also giving supporters a chance to contribute to their communities and earn rewards for their contributions. Additionally, investors can participate in the ScalingLocals ecosystem by holding Local tokens and benefiting from the growth of the platform.

Overall, ScalingLocals is poised to transform the way local projects are funded and supported, providing a secure and transparent platform that benefits all stakeholders involved. By leveraging the power of blockchain technology, ScalingLocals is creating a new era of community-driven, decentralized finance that is accessible to everyone.

ScalingLocals is unique in several ways:

1. Localized Focus: ScalingLocals is focused on supporting and funding local projects, which is an often overlooked segment of the market. By targeting local projects, ScalingLocals is able to support community development and economic growth at a grassroots level.
2. Innovative Funding Model: ScalingLocals utilizes a unique funding model that combines traditional crowdfunding with blockchain technology. This allows for more efficient and transparent fundraising, as well as the ability to offer backers additional incentives through the use of NFTs and Scaling tokens.
3. Non-Fungible Tokens (NFTs): ScalingLocals leverages NFTs as a way to reward backers and provide unique benefits to local projects. Each NFT represents a specific project and can offer backers exclusive access to the project or other benefits.
4. Scalable: As the name suggests, ScalingLocals is designed to scale with the growth of the platform. As more projects and backers join the ecosystem, the platform is able to expand and offer even more benefits to its users.
5. Decentralized Finance (DeFi) Integration: The platform’s Locals Power feature allows users to stake their Scaling tokens and participate in the DeFi ecosystem, earning rewards and supporting the growth of the platform in the process. This integration with DeFi protocols provides additional utility and value to the Scaling token.

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