# Welcome

In the era of digital advancement, LADT, a Laos-based technology enterprise closely collaborating with the government, is set to work extensively with both domestic and international businesses and organizations. Our collective efforts aim to support the growth of Laos and the ASEAN region's digital economy, with potential contributions to the global digital economy. Future achievements and advancements in the digital economy of Laos and ASEAN by LADT are anticipated.\
\
Explore the [LADT Docs](https://docs.ladt.co/) to gain a deeper understanding of us.

<figure><picture><source srcset="/files/VST2iPlat6DQXW05Sbxn" media="(prefers-color-scheme: dark)"><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FRZ73cdjucW4eJhggqDvJ%2FGroup%2010.png?alt=media&amp;token=57594692-bce6-4753-9a22-4cb81b2aed59" alt=""></picture><figcaption></figcaption></figure>


# What Is LADT?

Established in 2023, LADT (Lao National Digital Technology Group) was initiated by the national payment platform NewPay, often dubbed the "PayPal of Laos." With the support and approval of the Prime Minister's Office and the Central Bank, it was spearheaded by the Lao National Holding Group, Ministry of Finance, and Ministry of Science, Technology and Communications. As the rotating chair of ASEAN in 2024, the Laos government will collaborate with ASEAN member states to facilitate the implementation of NewPay and LADT across various countries.

LADT undertakes a significant role in driving the digitalization of financial systems, serving as a crucial national strategy that brings forth new prospects not just for Laos but also for the larger ASEAN community. Through the utilization of blockchain technology, LADT ensures the rapid and secure movement of assets, catering to individuals seeking such services.


# LADT Roadmap

## **STAGE  1 (Q3 2023)**

Unveiling version 1 on the company's official website.<br>

## **STAGE 2 (Q4 2023)**

1\. Global outreach initiative begins.\
\
2\. Launch of official website V2/V3 testing network.\
\
3\. Decentralized transformation of the NewPay app is finalized, enabling effortless account integration and direct login to NewPay.<br>

## **STAGE 3  (Q1 2024)**

1\. CEX IEO.\
\
2\. Launch of the official website's main networks V1/V2/V3.\
\
3\. Formal release of USDA.<br>

## **STAGE 4 (Q2 2024)**

USDA reserve fund scales to $500 million USD.


# USDA Minting Guide

Dear Sir / Madam,

Thanks for your interest and trust in the issuance of the digital stablecoin USDA by the Lao National Digital Technology Group. This guide will help you understand and experience the USDA minting process.

Welcome to the crypto world.


# About USDA

## What Is USDA?

Presenting the ASEAN USD (USDA), a practical digital stablecoin created through a strong partnership between NewPay and Lao National Digital Technology Group (LADT) and designed to serve the thriving digital transformation of the world’s economy. This innovative stablecoin is fully backed by secure fiat assets. It seamlessly moves on the blockchain akin to other digital currencies and can be minted directly with US dollars and some of the ASEAN countries' fiat currencies, maintaining a 1:1 value peg to the US dollar.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FgSdrC7ro6yscZBA6O6AF%2Fimage.png?alt=media&amp;token=83c4696c-33c8-4198-b248-6c73f14ea23b" alt=""><figcaption></figcaption></figure>

## Mission

Based in Laos, USDA is poised to extend its reach to encompass service areas in Cambodia, Thailand, Indonesia, and Vietnam. This strategic move aligns with its commitment to offer its benefits and capabilities to a broader audience within the ASEAN community, fostering economic growth and financial inclusion across multiple nations in the region.

With fully backed government support and a growing user base, along with external income generated by NewPay and the adoption of a Web2 & Web3 integrated economic model, LADT aims to attract 3 million USDA users and generate $12 million in revenue over the next year.

## Value & Safety

### Value

* **Government Endorsement:** Government-backed cryptocurrency projects are relatively scarce on a global scale. However, the Lao government, as the rotating ASEAN Chair for 2024, is strategically positioned to actively promote USDA payments, thereby facilitating the digital transformation of ASEAN.
* **Sustainable Risk-Free Yield:** USDA functions as an interest-bearing stablecoin. Staking USDA within the decentralized platform empowers holders to secure risk-free yield from the fluctuating interest rates in the autonomous market (APY 4%-8%).
* **Convenient Crypto Transactions:** USDA can be minted directly with the US dollar & the majority of ASEAN fiat currencies. It also streamlines direct cryptocurrency exchange and trading, effectively incorporating Web3 capabilities.
* **Eliminating Cross-Border Transaction Barriers:** USDA guarantees efficient cross-border transactions, leading to a reduction in transaction expenses and delays in global trade. This cost-effective characteristic enhances USDA's attractiveness and affordability.
* **Inflation Resistant:** As the exchange rate of the Lao Kip (LAK) often experiences significant fluctuations, USDA users can rest assured, thanks to its firm 1:1 value peg to the US Dollar. This peg empowers users to protect the value of their assets effectively.

### Safety & Transparency

* **On-chain Transaction Oversight:** LADT will work with third-party blockchain monitoring firms to perform ongoing transaction monitoring and risk evaluations to detect and prevent fraud. Given that USDA operates on the Ethereum blockchain, the complete transaction history on the blockchain is easily accessible to anyone.
* **100% Reserve Backing:** USDA is backed by a reserve of real assets, primarily consisting of US dollar deposits, US treasuries, and cash equivalents. Each USDA token is backed by an equivalent value of these assets, ensuring complete security for token holders.
* **100% Third-Party Fund Insurance:** Banking insurance services extend full coverage to safeguard the entire reserve pool.
* **100% Transparency:** LADT will provide transparency by publishing monthly records about its reserves and the assets backing the USDA tokens.
* **Regular Audits:** LADT collaborates with well-known third-party independent auditing firms to carry out verification procedures per AICPA standards. This is undertaken to guarantee the accurate correspondence of monthly balances between USDA tokens and the US dollar reserve bank accounts by the end of each month. Additionally, the USDA smart contracts undergo audits by reputable blockchain auditing firms in the industry to ensure the integrity of the code and its performance.

## LADT - USDA Issuer

LADT (<https://www.ladt.co/>), also known as Lao National Digital Technology Group, is the issuer of USDA. It’s a collaborative initiative involving the Ministry of Finance, the Ministry of Science and Technology, and Lao NewPay United Technology Co., Ltd. LADT has been granted exclusive rights for stablecoin issuance by the Laos government and central bank. The organization actively participates in legislative initiatives within relevant governmental sectors in Laos.

Backed by the Central Government of Laos, LADT operates under the guidance of the Central Bank and the Ministry of Industry and Trade, playing a vital role in driving Laos' digital transformation. In 2024 Q1, LADT is set to introduce the first-ever ASEAN Stablecoin, USDA.&#x20;

## NewPay - USDA Carrier

NewPay (<https://www.newpay.la/>), Laos' leading third-party payment platform and the carrier of USDA, was established in March 2020. Its primary role is to provide digital service providers with products and service interfaces, facilitating the digitalization of operations for businesses and institutions.

NewPay offers more than 30 lifestyle services to consumers, including government services, QR code purchasing, and utility bill payments. The platform has already served over 100,000 merchants and 1 million consumers. Acting as the national payment tool and financial backbone in Laos, NewPay is driving the rapid transition of the Laotian population to mobile payment methods.

## LADT’s Custodian Banks

Considering the needs of global users, LADT meticulously selects custodian banks through a rigorous process, prioritizing the safety of the reserve. In adherence to the pertinent laws of the country where the reserve bank is located, comprehensive measures are implemented to supervise and manage the reserve. LADT also suggests appropriate custodian banks based on users' basic information and preferences.

**LADT's custodian banks include the following three:**

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2F5OsjvrofvUIY0qivVRPP%2Fimage.png?alt=media&amp;token=717f2e77-7f60-42fa-aebe-401510f8c910" alt=""><figcaption></figcaption></figure>


# How to Access USDA

To commence the minting of USDA, users are required to register a LADT account and undergo KYC verification. The minimum minting amount is set at 100,000 USDA. After the minting procedure, users have the choice to deposit all their USDA into the Mek Finance platform (A lending protocol on Arbitrum that offers depositors variable interest rates), thereby initiating a path to generate additional income.

For comprehensive guidance, please refer to the following step-by-step instructions:


# What Does It Mean for USDA to Be "Minted" or "Burned"?

Businesses have the option to open a LADT account for the exchange of US dollars and some ASEAN fiat currencies for USDA after completing the Know Your Customer (KYC) process. Upon depositing the specified fiat currency to the designated LADT affiliated bank account [**(refer to "LADT’s Custodian Banks" for details)**](/usda-and-mek/usda-minting-guide/about-usda#ladts-custodian-banks) as per the email instructions, and following a compliance review, the "mint" operation is executed through the contract. LADT then issues an equivalent amount of USDA to the business. This issuance process, commonly referred to as "minting", results in the creation of new USDA in circulation.

Similarly, when a business wants to exchange their USDA for US dollars or ASEAN fiat currencies, the business can deposit USDA into their corresponding LADT custodial account and request to receive fiat currencies for free. This process of redeeming USDA is known as “burning”. The system will execute the redemption and destruction of the authorized amount of USDA through the contract, and the redemption remittance will be executed by the full custody trust bank in cooperation with LADT. This process takes USDA out of circulation.

When US dollars are swapped for USDA on a digital asset exchange, the exchange will typically provide the balance of USDA it has on-hand to fulfill the swap. If the exchange needs more USDA to fulfill the swap, the exchange will often use its LADT account to mint more USDA.


# Mint USDA

## Registration and KYC Verification

* To get started, head over to our official website and simply click on "Sign Up".&#x20;

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2F0rddBxy7vX8228WL0y3h%2FGroup%204.png?alt=media&amp;token=71ddc6f6-85c7-4a7c-9913-6efae40f2367" alt=""><figcaption></figcaption></figure>

* On the following page complete your LADT registration with the following four steps: input personal information, submit address details, specify the intended investment amount, and undergo real-person verification.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FinfIePX7H9QEIeiZE2B5%2FGroup%205.png?alt=media&amp;token=4fcdaa76-b7b9-45c3-8cba-f3cf0f0faccf" alt=""><figcaption></figcaption></figure>

* In your registered email inbox, locate the email sent by LADT and click on the link to confirm.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FWke2biwkDNHlYCRQftjO%2F%233.png?alt=media&amp;token=952d1160-b5c6-40e4-b414-8fe7a03bced2" alt=""><figcaption></figcaption></figure>

* After confirming the email link, click "Redirect Now" to log in with your email and password.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2Fv9w3h48WJB4VOlcgEfXJ%2FGroup%2011.png?alt=media&amp;token=31436335-d4ca-40a6-bb2c-535437218f07" alt=""><figcaption></figcaption></figure>

* After logging in, access the "Security Page" to complete the two-factor authentication (2FA) setup.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2F4UWMpPHF57BUpU5zE7tF%2F1.png?alt=media&amp;token=2eb24628-533a-4930-b5a1-0bd733f59dab" alt=""><figcaption></figcaption></figure>

* On the authentication page, use Google Authenticator to scan the QR code or manually enter the code, then click "Enable".

{% hint style="info" %}
*Google Authenticator is a 2FA app by Google, enhancing account security. It generates time-based, one-time passcodes (TOTPs) for logins.*

*It's considered secure due to offline operation and short-lived codes, typically 30 seconds, making it less vulnerable to remote attacks. Using Google Authenticator is vital for added account security, requiring a regularly changing code alongside a password, protecting against unauthorized access and security breaches.*
{% endhint %}

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FPgCavbl4gRYTXnnqUpMr%2FGroup%209.png?alt=media&amp;token=0fd90855-a660-4a11-8eee-21cea46d07e7" alt=""><figcaption></figcaption></figure>

* After enabling 2FA, you will be automatically redirected to the homepage. You can check your 2FA status in the "Profile" section.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2Fj5BzMfY4SorsfARMm7rq%2FGroup%2013.png?alt=media&amp;token=3f63c997-9580-4722-9834-2f03f75020b1" alt=""><figcaption></figcaption></figure>

* After enabling 2FA, you'll receive notifications for any access attempts. Click "Verification Page" to complete KYC according to the instructions.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FVnwuuvItWvWzMPi6olDz%2FGroup%202.png?alt=media&amp;token=f98a8b9b-427c-4742-a74d-f1f9896f3852" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FQxahBsGVhrp0LJ31A2Wz%2FGroup%2015.png?alt=media&amp;token=9fca4f9d-f49f-4e2e-87ad-c6a950eb7cfc" alt=""><figcaption></figcaption></figure>

## Acquire and Store USDA

* Click "Acquire", specify the coin minting amount (minimum: 100,000 USDA), and proceed with "Next".

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FlZ9puGMQCWU0dQur6zuV%2F2.png?alt=media&amp;token=41313e2c-9039-4e03-8478-3ffc023fd6a6" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2Flu6QgBEhhKDLJut42v8p%2FGroup%20237612.png?alt=media&amp;token=c53b29ae-1aba-4c33-b7cf-db45cddd0021" alt=""><figcaption></figcaption></figure>

* Choose your USDA storage method: \
  \
  ( 1 ) "LADT secured vault": Store minted USDA in your LADT account for custody. \
  \
  ( 2 ) "My wallet": Deposit minted USDA into your Web3 wallet, ensuring precise wallet address input to prevent asset loss.

{% hint style="info" %}
***i) "LADT secured vault" vs "My wallet"***\
\
***Advantages of “LADT secured vault”**: Easy and convenient to Earn interest on USDA. Provides security measures like cold wallet storage and authentication. Offers password reset options.*\
\
***Advantages of "My wallet"**: Autonomous control with ownership of private keys. Decentralized management of crypto assets. Enhanced privacy protection.*\
\
***ii) Different ways to start earning***\
\
*If you choose **“My wallet”**, you'll need to visit Mek Finance and deposit USDA into the platform before you can start earning returns.*\
\
*If you opt for the **“LADT secured vault”**, simply click “Deposit to Mek Finance” and follow the necessary steps to begin earning returns. For a detailed overview of specific profit details, please refer to the Mek Finance White Paper for a comprehensive introduction.*

\
*For a comprehensive procedure, please consult* [*Deposit USDA to Mek Finance & Check Revenue*](/usda-and-mek/usda-minting-guide/how-to-access-usda/deposit-usda-to-mek-finance-and-check-revenue)*.*
{% endhint %}

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2F22af8z9JCK7Yhok60MMp%2F4.png?alt=media&amp;token=7b0ef582-6ea4-4af0-8c66-8285dd21de6a" alt=""><figcaption></figcaption></figure>

* Re-enter your Google Authenticator code.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FSRfLzpTPQQoait0LYypR%2F5.png?alt=media&amp;token=e6b65ed2-2cd0-4621-af1c-578ad752c62f" alt=""><figcaption></figcaption></figure>

* Review and click the confirmation email in your inbox, follow the instructions to verify your identity, sign the agreement, provide payment information, and complete the minting process.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FVsjAEOJVJ7D1HUvKQUGP%2F234.png?alt=media&amp;token=9b363c69-d1ad-47ef-b0db-2fdebe318729" alt=""><figcaption></figcaption></figure>

* After completing the process, users are required to wait for a system audit, typically taking place one day after their registration date. Following the audit, the users' application amount will be deposited directly into the trust account of LADT's designated escrow bank. \
  \
  Simultaneously, through contract execution, the corresponding amount of USDA will be generated and transferred to the user's wallet (My Wallet) or the multiple signature wallet established by LADT (LADT Secured Vault) for safekeeping, providing users with convenient access to view and manage their assets at a later time.

{% hint style="info" %}
*Throughout this process, monitor your emails for the subject line that includes "LADT" and the collaborating escrow bank, ensuring timely confirmation of operations.*
{% endhint %}

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FC7DbxFeaDagKY65ha50T%2F3.png?alt=media&amp;token=4efd8fb5-dee4-498d-9f4f-c16d691e6e07" alt=""><figcaption></figcaption></figure>


# Redeem USDA

To convert the USDA balance in the LADT account to fiat currency, users can initiate the cash-out process by clicking "Redeem," which mirrors the ["Acquire"](https://docs.ladt.co/usda-and-mek/usda-minting-guide/how-to-access-usda/mint-usda#acquire-and-store-usda) process mentioned earlier.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FWfDtRKSwJ5yqBx5fYNUs%2F7.png?alt=media&amp;token=fa4bff26-55b1-4711-b732-c702ba57daf0" alt=""><figcaption></figcaption></figure>


# Deposit USDA to LADT Account

Once you have finished setting up your LADT account, you will be able to deposit the below USDA to your account:&#x20;

* USD-pegged USDA

{% hint style="info" %}
*LADT account is not a wallet service. You should only deposit USDA to LADT account if you are planning to redeem USDA to fiat currency and vice versa.*
{% endhint %}

## How to start

* Log in to your LADT account the click "Deposit".

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2Fxi2PJahRQaASSkMvyReE%2F8.png?alt=media&amp;token=a6bfdb82-b284-4101-90c6-b1ccc90eedea" alt=""><figcaption></figcaption></figure>

If you wish to deposit USDA to your LADT account you may want to generate the deposit address.

* Here you will see the respective deposit address:

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FTK62Q5gq48jIU9P0a0oJ%2FGroup%202.png?alt=media&amp;token=9a6f127e-390f-4590-be62-02eefb7e69b3" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
***i)** For USDA, you can choose Arbiturm One Chain only.*\
\
***ii)** Select the transport protocol carefully and double-check your address, as choosing the wrong transport can result in unrecoverable funds.*
{% endhint %}

* Initiate a transaction from your external wallet to your USDA address. Once the platform detects the incoming USDA transaction on the network, it will appear in your Transaction section as a pending transaction.
* Finally, your balance will be credited when the transaction is complete.

If your account has not been verified yet, please refer to [Registration and KYC Verification](https://docs.ladt.co/usda-and-mek/usda-minting-guide/how-to-access-usda/mint-usda#registration-and-kyc-verification). If your account is already verified, kindly proceed to [Redeem USDA](/usda-and-mek/usda-minting-guide/how-to-access-usda/redeem-usda) to learn about the redemption process for your USDA.

If you have any questions about making a deposit process, please contact Customer Support Team.


# Deposit USDA to Mek Finance & Check Revenue

## Deposit USDA to Mek Finance

* For users who choose “LADT secured vault”\
  \
  Select "Deposit to Mek Finance" to move your LADT account's USDA to the Mek Finance platform, allowing other users to borrow to generate the interest.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FQPlECfjMwxsx0fW5hhMe%2F%231.png?alt=media&amp;token=9b0db73b-85fe-4241-b54b-82a6eacdb95a" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FooNGOm58ib2pmTqbUXxF%2F%232.png?alt=media&amp;token=b6decbd7-591d-4cc8-a4e3-78fe31c83f57" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FJOFafil3rD8N6e6IUVV6%2F%233.png?alt=media&amp;token=a531c2f0-2584-42aa-a488-9b9056233b36" alt=""><figcaption></figcaption></figure>

* For users who choose “My wallet”\
  \
  Visit Mek Finance at <https://www.ladt.co/>, connect your wallet, find USDA at the top, and click “Deposit” to complete the transaction.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FlZzjppFCLTyNxfdbCNBo%2F8.png?alt=media&amp;token=8acd4be3-88f5-4bba-8873-0b658c0f37fc" alt=""><figcaption></figcaption></figure>

## Check Revenue

* For users who choose “LADT secured vault”\
  \
  Once deposited, you can monitor your earnings under "Earned".

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FNu7RTvzwY6JUflQe5J56%2F5.png?alt=media&amp;token=124f2139-9b6f-431d-bde4-02acd3f6ce3a" alt=""><figcaption></figcaption></figure>

* For users who choose “My wallet”\
  \
  Visit Mek Finance at <https://www.ladt.co/>, connect your wallet, find USDA at the top, and check the “Deposited Amount”.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2Fyikvk7Az73JAh97xq58R%2F12.png?alt=media&amp;token=b6f7c1c3-454f-44e4-9b30-e291f7390e8a" alt=""><figcaption></figcaption></figure>


# Redeem USDA From Mek Finance

The procedure for converting users' held USDA into fiat currency is termed "Redeem".

* If a user deposits a certain amount of USDA into the Mek Finance platform, that portion of the funds can only be converted into fiat currency by clicking “Redeem USDA from Mek Finance” when withdrawn to the LADT account.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FUcg5wQGrcvpyOgeZ8GV0%2F6.png?alt=media&amp;token=83e50813-6c09-4d91-bcb7-4d989e9d559d" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FIGlSYevIgcau7Dt2HkUV%2F%234.png?alt=media&amp;token=ab0c9308-f225-46df-884a-27a1a7a56be6" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FzES52chMXc3GWHtzs4Sz%2F%235.png?alt=media&amp;token=23f1ad0f-23aa-4cc8-9ba1-155351ceca2b" alt=""><figcaption></figcaption></figure>

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FSU04MNBBcPCjcqJIAdbP%2F%236.png?alt=media&amp;token=02345706-3fac-4783-b253-8f28a64a0d23" alt=""><figcaption></figcaption></figure>


# Typical Use Cases

## Significant Risk-Free Yields

User A uses $100,000 or the equivalent amount in ASEAN fiat currency to mint USDA and deposits the USDA into the Mek Finance lending platform to earn interest. One year later, the user can receive $8,000 in risk-free yields (APY 8%), which can also be used to continue earning lending profits, cash out into fiat currency, or invest in other cryptocurrencies.

## Asset Preservation

In early 2021, 1 US dollar could be exchanged for 9,136 LAK. However, due to the volatile exchange rate of LAK, it was prone to depreciation. By the end of 2023, 1 US dollar could already be exchanged for 20,700 LAK. If user B minted 913.6 million LAK into an equivalent of 100,000 USDA in early 2021, by the end of 2023, the equivalent assets could be exchanged for 2.07 billion LAK. USDA significantly helps investors preserve their asset value and resist inflation.

## Diverse Payment Scenarios in NewPay

With the widespread integration of USDA payments in NewPay, USDA offers a range of versatile daily applications, including transportation, visa processing, healthcare, social emergency response, charity initiatives, as well as online services such as railway and airline ticket reservations, ride-sharing, insurance purchases, and utility bill payments. For more details, please visit <https://www.newpay.la/>.


# USDA FAQs

## Which Currencies Does ASEAN USD Support?

ASEAN USD currently supports US Dollar (USD) / Singapore Dollar (SGD) / Malaysian Ringgit (MYR) / Thai Baht (THB) / Philippine Peso (PHP) / Indonesian Rupiah (IDR) and Lao Kip (LAK). In the future, the selection of accepted currencies could be extended as deemed appropriate.

## Where Can ASEAN USD Be Used?

ASEAN USD applies not just within NewPay's ecosystem app and the various scenarios covered by NewPay within the ASEAN region, but also globally. It functions as a practical payment option at worldwide terminals that accommodate payments using ASEAN USD.

## What Are the Advantages of ASEAN USD?

* ASEAN USD covers various payment situations within the NewPay ecosystem; endorsing prominent cryptocurrency exchanges; and gradually incorporating additional payment methods like Visa, MasterCard, and WeChatPay.<br>
* Seamless Payment Experience: With a straightforward payment process and ultra-low transaction fees, payments know no borders.<br>
* Ensuring that our growth rate and size go hand in hand, while simultaneously developing a strategy to oversee financial elements, all within a secure and compliant framework.


# MEK FAQs

## What Is MEK?

MEK serves as the governance token for Mek Finance, a decentralized lending protocol operated by LADT. "Mek" is derived from the name of the Mekong River, which is the longest river in Southeast Asia. Operating on a decentralized approach, MEK contributes to the improvement of economic ties within the Mekong Economic Corridor. We aim for "Mek finance" to play a pivotal role in propelling the ASEAN financial revolution, thereby leveraging the advancement of the digital economy.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FFc2AHXgDnDl334R5o0VQ%2FMEK.png?alt=media&amp;token=8356b761-e7c0-4a51-ba7f-92563962ba13" alt=""><figcaption></figcaption></figure>

## What Advantages Come With MEK Ownership?

Holders of MEK can choose to stake their tokens on Mek Finance to earn additional interest income. Additionally, they are granted the opportunity to partake in significant decision-making votes within the LADT ecosystem.


# USDA Whitepaper

{% file src="/files/QK2BFOIUW1TbDlqrXqNM" %}


# General Structure

As per data provided by CAICT, it has been reported that out of the more than 80,000 blockchain projects that have been initiated, only 8% of them are presently operational. Additionally, within this subset of active projects, 97% of them do not possess external sources of revenue.

Differing from traditional DeFi projects where project revenues go to the treasury, and the treasury conducts buybacks to create token appreciation, the LADT economic model departs from the conventional Web3 pattern and actively integrates the financial flow from NewPay, Laos’ leading mobile digital payment platform (17M+ US dollars monthly payment volume), along with its existing user base (500K+ active users) .

This enables both the Web3 ecosystem itself and a portion of the revenue generated from NewPay’s traditional business to flow into the treasury. The treasury, in turn, offers yields higher than the market average (settled in MEK) to users participating in staking, as well as conducts MEK buybacks to induce deflation, leading to an increase in MEK’s price.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FhqY8lvn3lNfluQyeEuic%2Feconomic%20model.png?alt=media&amp;token=60d13307-2019-489d-81b8-45c1a5bb0581" alt=""><figcaption></figcaption></figure>


# Web2 Economic Circle

ASEAN USD can be minted by converting the US Dollar along with certain ASEAN fiat currencies like the Singapore Dollar, Thai Baht, Vietnamese Dong, and Lao Kip. This currency is fully backed by reserves, consisting entirely of US dollar deposits, US treasuries, and cash equivalents.

Businesses have the option to establish a LADT Account, which enables them to convert ASEAN fiat currencies or US dollars into ASEAN USD. When a business deposits ASEAN fiat or US dollars into their LADT Account, LADT issues an equivalent amount of ASEAN USD to the business. This issuance of new ASEAN USD is commonly referred to as “minting,” and it contributes to the increase in the circulation of ASEAN USD.

Similarly, when a business wants to exchange their ASEAN USD for ASEAN fiats or US dollars, the business can deposit ASEAN USD into their LADT Account and request to receive ASEAN fiats currencies or US dollars. This process of redeeming ASEAN USD is known as “burning”. This process takes ASEAN USD out of circulation.

A portion of the ASEAN USD minted will be introduced into the NewPay ecosystem, catering to retail customers for purchases, and enhancing liquidity through offline mobile payment.&#x20;

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2F1aYAePhOQmuy1l7xGxxu%2FWeb%202.png?alt=media&amp;token=bec0fdcd-104e-488d-9c27-81eb3d9b6298" alt=""><figcaption></figcaption></figure>


# Web3 Economic Circle

The Web3 economic circle of LADT is based on an Ethereum Virtual Machine (EVM) compatible protocol that enables the supplying of crypto assets as collateral in order to borrow the base asset. Accounts can also earn interest by supplying the base asset to the protocol. In the following text, we refer to the lending protocol operating platform as “Mek Finance”.

As mentioned earlier, a portion of the ASEAN USD minted will be introduced into the NewPay ecosystem. The other portion will be allocated to Mek Finance. Meanwhile, the profits generated by the Mek Finance will offer attractive yields to the high-value users.

Retail clients have the option to use BTC, ETH, and select cryptocurrencies specified by Mek Finance as collateral in exchange for ASEAN USD. These assets can then be staked alongside MEK in a combination to earn yields denominated in MEK. It’s important to note that using collateralized assets can activate users’ borrowing capacity but may be partially liquidated if their balance becomes insolvent.

Mek Finance provides attractive yields to encourage individuals to stake ASEAN USD. The initial staking requires the purchase of MEK, after which participants can begin staking with a 30% MEK and 70% ASEAN USD ratio.

Stakers have the option to receive their full earnings upon maturity (vesting periods: 90 days) or choose early withdrawal with a partial loss of earnings.

Simultaneously, a portion of the transaction fees produced by NewPay, along with the RWA profits generated by the reserve, will be directed towards the treasury. At the same time, the treasury will engage in MEK buybacks to create deflation, thereby increasing the token’s value.

<figure><img src="https://393177354-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5Q5cZecyz691DmU0C12T%2Fuploads%2FlGlCSGS9fYvNWdJgCzrG%2Fweb.png?alt=media&amp;token=25403475-623d-4a56-94aa-9ce885d1f0b3" alt=""><figcaption></figcaption></figure>


# Security

The security of the LADT protocol is of paramount importance to us. Our development team has worked diligently alongside third-party auditors and consultants to invest significant time and effort in ensuring that the protocol we have chosen is not only safe but also highly dependable. This collaborative effort aims to minimize vulnerabilities and enhance the overall robustness of the system.

To maintain transparency and accountability, we have made all contract code and balances accessible to the public. This transparency enables anyone with an interest in the protocol to verify its integrity and security. Additionally, we actively encourage security professionals to participate in our “bug bounty program”, providing them with incentives to identify and report any previously undiscovered vulnerabilities. This proactive approach helps us in continuously improving the protocol’s security.

It’s worth noting that we believe the true test of a smart contract’s security is determined by several factors. These include the size of the contract, its visibility within the community, and the length of time it has been operational. We emphasize the importance of exercising caution and conducting your own assessment of the security and suitability of the protocol before engaging with it. This approach empowers users to make informed decisions regarding their involvement with the LADT protocol, ensuring that they have confidence in its security and reliability.


# Privacy Policy

Effective Date: Aug 24, 2023

## **1. Introduction**

This Privacy Policy outlines how Lao National Digital Technology Group (LADT) and its affiliates and subsidiaries collect, use, store, share, and safeguard your information in relation to your use of LADT Services, including your interactions with the ladt.co website. By using LADT Services, you consent to the practices described in this policy.

## **2. LADT Services**

"LADT Services" refer to all interactions between you and LADT, including LADT Account, LADT API services, all other LADT products. Please note that the terms of this Privacy Policy are subject to change and should be read in conjunction with other applicable privacy notices or fair processing notices.

### **1. Overview**

**Purpose of this Privacy Policy**

We understand the significance of privacy to our users. This Privacy Policy explains our data collection and usage practices.

### **2. Data We Collect About You**

**Personal Data:**

Personal data, or personally identifiable information, refers to any information from which an individual's identity can be determined. It does not include data that has been anonymized.

**Identity Data:**

This includes personal details such as first name, middle name, last name, title, tax ID, marital status, date of birth, gender, and nationality as provided in identification documents (e.g., passport, driver's license).

**Contact Data:**

This comprises billing address, residential address, email address, and telephone numbers.

**Financial Data:**

This involves bank account details.

**Transaction Data:**

This encompasses details of your activities on LADT Services, including transaction amount, date, time, and recipient information.

**Technical Data:**

This incorporates information like your IP address, login details, browser type, operating system, and device-related data.

**Profile Data:**

This includes your username, password, preferences, feedback, and survey responses.

**Usage Data:**

Information about your use of LADT Services.

**Marketing and Communications Data:**

Your preferences for receiving marketing materials and communication.

**Survey and Customer Feedback Data:**

Information is provided in surveys and feedback forms.

**Location Data:**

Information about your device's geographical location.

**Aggregated Data:**

We may use statistical or demographic data derived from your personal data for various purposes. Such data does not directly identify you and is not treated as personal data.

**Special Categories of Personal Data:**

We do not collect sensitive data about race, ethnicity, beliefs, health, etc.

**Criminal Convictions:**

During registration or use of LADT Services, we may receive information about criminal convictions to perform verification or compliance checks. This is to prevent unlawful or fraudulent activities and comply with legal obligations.

**Failure to Provide Personal Data:**

If required personal data isn't provided, it may impact our ability to fulfill contractual obligations.

### **3. How We Collect Your Personal Data**

We gather data through various methods:

**Direct Interactions:**

You provide Identity, Contact, Financial, Transaction, Profile, Usage, Marketing, Communications, and Location Data through forms, correspondence, surveys, etc.

**Automated Technologies:**

We collect Usage and Technical Data through cookies, server logs, and similar technologies when you interact with LADT Services. Our Cookie Policy provides more information.

**Third Parties:**

We may receive personal data from third parties, including analytics providers, technical or payment service providers, and verification/compliance services.

**Consent for Third-Party Data:**

If you provide personal data of others, you confirm obtaining consent for processing such data.

### **4. How We Use Your Personal Data**

We collect the information to facilitate the provision of LADT Services. This data enables us to:

* Provide the complete range of LADT Services with their intended functionalities.
* Maintain communication with you, including customer support, notifications about new features or updates to LADT Services, and security-related information.
* Verify your identity to prevent fraud, unauthorized activities, and to adhere to applicable legal requirements.
* Fulfill any other purpose for which the information was originally collected.

We commit to never sharing, selling, or renting your personal data to third parties. In our efforts to enhance and personalize LADT Services, as well as improve our content and advertising, we might merge your data with information collected from other companies.

**Purposes for Using Your Personal Data**

Outlined below are the ways we intend to use your personal data, along with the corresponding legal bases we rely upon. In cases where relevant, we have identified our legitimate interests:&#x20;

**Legitimate Interest:**

Our business interests are in managing and conducting operations to provide you with optimal services and a secure experience. We take great care to balance the impact on your rights and interests before processing personal data for our legitimate interests. We do not engage in activities where your interests are overshadowed by any impact (unless consent is obtained or mandated by law). You can learn more about our evaluation of legitimate interests by reaching out to Support.

### **5. Marketing**

We are committed to providing you with choices concerning the use of certain personal data, particularly regarding marketing and advertising. We offer the following mechanisms for controlling your personal data:

**Promotional Offers from Us**

We may utilize your Identity, Contact, Technical, Profile, and Usage Data to form insights on your potential preferences and interests. This informs our decisions regarding products, services, and offers that might be relevant to you (referred to as marketing).

You will receive marketing communications from us if you (i) have requested information from us; (ii) use our LADT Services; or (iii) provided your details when registering for a promotion and have not chosen to opt out of receiving marketing messages.

**Third-Party Marketing**

Before sharing your personal data with any entity outside the LADT group of companies for marketing purposes, we will seek your explicit opt-in consent.

**Opting Out**

You retain the option to request us or third parties to cease sending you marketing messages at any time. This can be achieved by following the opt-out links present in any marketing message or by contacting Support.

Opting out of marketing messages does not affect personal data provided as a result of using LADT Services, engaging in product/service experiences, or conducting other transactions. Opting out also does not apply to non-marketing communications such as account statements, updates to this Privacy Policy, or our user agreement.

### **6. Cookies**

You have the ability to configure your browser to reject all or specific browser cookies, or to receive alerts when websites set or access cookies. It's important to note that disabling or refusing cookies may lead to certain sections of our website becoming inaccessible or functioning improperly.

"Do Not Track" (DNT) is an optional browser setting allowing you to express your preferences regarding tracking by third-party advertisers. Currently, we do not respond to DNT signals.

For more information about the cookies we employ, kindly refer to our Cookie Policy.

### **7. How We Share Your Personal Data**

**Sharing with Third Parties**

For the purposes outlined in Section 4 above, we may need to share your personal data with the following entities:

* Banking Partners:

  If you link a bank account, we will share your account information with our banking partners to facilitate payments associated with transferring funds to and from your LADT Account. Information may also be shared with your bank based in the country where your account is held for verification and payment completion.
* Verification Service Providers:

  To prevent fraud and adhere to legal obligations, we may share your information with third-party identity verification services. This involves comparing your details with public records and other databases. Searches may include credit bureaus, conducted in a manner that doesn't adversely affect your credit or credit score.
* Operational Service Providers:

  To deliver LADT Services, we collaborate with third parties offering data storage, onboarding, customer service platforms, accounting, IT, email, SMS communication, security, and fraud detection.
* Other Service Providers:

  We may share information with providers assisting us in analyzing how users interact with LADT Services for product improvement. Additionally, certain service providers may support advertising/marketing campaigns to enhance our business.
* Law Enforcement Agencies and Regulators:

  When compelled by specific regulations, subpoenas, court orders, formal requests, or the belief in good faith that sharing information is necessary to prevent harm or financial loss, we may share information with law enforcement, government, or public officials. We strive to share the minimum required information.
* Group Companies:

  Information may be shared with LADT group entities to fulfill legal and regulatory obligations. EEA Customers should be aware that affiliates of LADT are likely to process personal information to provide optimal service and customer support.
* Business Partners:

  In collaborations with Partners, we might share LADT Account information (e.g., name, email, phone number, date of birth) for transactions involving Partner customers. This facilitates their legal and regulatory compliance.
* Professional Advisers:

  In audits, compliance checks, and legal obligations, information about your LADT Account may be shared with professional advisers providing consultancy, legal, compliance, or accounting services.
* Third Parties in Business Transactions:

  In the event of business changes such as sales, transfers, mergers, or acquisitions, personal data may be shared with third parties in accordance with this Privacy Policy.
* Your Authorized Third-Party Sharing:

  We will share data with other third parties only if you explicitly authorize us to do so, for instance, in the context of data transfers to a third-party under your legal rights.

For the list of affiliates and partners acting as sub-processors for LADT, please refer here. By agreeing to this Privacy Policy, you consent to such sub-processors collecting and processing your personal information in accordance with its terms.

### **8. International Transfers**

LADT operates globally, resulting in personal data storage and processing across various countries. Your personal data may be transferred to different countries, each with distinct data protection laws. We ensure compliance with applicable data protection laws while transferring data across borders.

### **9. How We Protect Your Personal Data**

We employ physical, technical, and administrative security measures to safeguard your information and minimize risks associated with loss, misuse, unauthorized access, disclosure, and alteration. Our protective measures include firewalls, data encryption, physical access controls to data centers, and information access authorization controls.

To enhance the security of your information and enable the purposes outlined in this Privacy Policy, certain personal data may be stored with our third-party partners and service providers.

### **10. Data Retention**

We retain your personal data only for as long as necessary to fulfill the intended purposes for which it was collected, including adherence to legal, accounting, or reporting obligations.

The appropriate retention period for personal data is determined by evaluating factors such as the quantity, nature, and sensitivity of the personal data; the potential risks associated with unauthorized use or disclosure; the purposes for processing the data and whether similar objectives can be achieved through alternative means; and applicable legal requirements.

### **11. Children's Privacy**

Unfortunately, the use of LADT Account or other LADT products is restricted to individuals aged 18 and above. We do not knowingly solicit or gather information from individuals under the age of 18. If we discover that a person under 18 has supplied us with personal information, we will promptly delete the information.

### **12. Changes to the Privacy Policy and Our Duty to Inform You of Changes**

This Privacy Policy may undergo periodic updates. Whenever we make changes, the modification date at the top of this Privacy Policy will be revised. If updates are substantial, we'll notify you through notifications or by posting notices on our website. For any inquiries about changes to the Privacy Policy, please contact Support.


# Cookie Policy

Effective Date: Aug 24, 2023

Much like most other online services, our Services (including our website and app) utilize cookies and comparable technologies to enhance your user experience and enable us to analyze and improve our Services. Without the utilization of cookies and related technology, including certain personalized features, we wouldn't be able to offer you the full range of our Services. Thus, your computer, mobile phone, tablet, or other enabled mobile device (referred to collectively as a "device" in this policy) needs to be configured to enable these technologies. By visiting and continuing to browse our website, downloading and using our app, and utilizing your LADT account, with your browser settings adjusted to accept cookies when necessary, you are giving your consent to our utilization of cookies, web beacons, and related technologies to deliver our Services. If you do not consent to our use of cookies, your only recourse is to discontinue using the Services and visiting our website. You also retain the option to disable cookies in your browser, though this may affect your ability to use our website or the Services.

## 1. Definition of Terms: 'Cookie', 'Web Beacon', or 'Similar Technology'

Cookies are small text files (comprising letters and numbers) that are downloaded and stored on your browser or device by the websites you visit. They play a role in the "memory" of your interaction with websites and related services, allowing service providers to recognize you and respond accordingly.

Cookies are generally categorized into two main types:

Session Cookies: Stored in your device's memory for the duration of your browsing session. For instance, session cookies let you navigate our website and use account features without repeated logins. They are inaccessible after your browser session is inactive and are deleted when you close your browser.

## 2. We use cookies for a variety of purposes, including:

Persistent Cookies:

Stored in your device's memory and persist after your browser is closed. These cookies remember you and your preferences each time you access our Services.

LADT employs both types of cookies. Cookies can also be grouped as follows:

* Essential Cookies: These are essential for the functioning of our website, app, and other services, including enabling secure logins to our website and/or app.
* Performance Cookies: Count the number of visitors and track their movement on our website to enhance its functionality, which helps us build a better user experience for you.
* Functionality Cookies: Recognize you on return visits to our website, personalizing content and remembering preferences.
* Targeting Cookies: Record your website visits, pages visited, and links followed to tailor our website and advertisements to your interests. This data may be shared with third parties for this purpose.
* Third-Party Cookies: We may allow third-party service providers to place cookies on your device. These cookies may be used to collect information about your online activities over time and across different websites for advertising and other purposes.
* Analytics Cookies: These cookies help us understand how visitors interact with our website, providing information about pages visited, time spent on the site, and other analytical data. This helps us improve our website's content.

Web Beacons:

Also referred to as "web bugs", "tracking bugs", "clear gifs", or "pixel tags", these objects are embedded in webpages or emails and allow us to confirm whether you've viewed the content.

## 3. Managing Cookies

You can manage cookies, including enabling or disabling them, through your browser settings. Blocking cookies is possible by activating settings that reject some or all cookies. However, blocking all cookies, including strictly necessary ones, may restrict access to parts of our Services.

Since each browser varies, we recommend checking your browser's "Help" 's manual to learn how to adjust cookie preferences. Further information on managing cookies can be found on third-party websites such as [www.allaboutcookies.org/manage-cookies/](http://www.allaboutcookies.org/manage-cookies/) .

For your convenience, here are links to popular browser cookie management information pages:

* [Internet Explorer](https://support.microsoft.com/en-us/windows/delete-and-manage-cookies-168dab11-0753-043d-7c16-ede5947fc64d)
* [Safari](https://support.apple.com/zh-cn/guide/safari/sfri11471/mac)
* [Google Chrome](https://support.google.com/chrome/answer/95647?co=GENIE.Platform%3DDesktop\&hl=en)
* [Mozilla Firefox](https://support.mozilla.org/en-US/kb/enhanced-tracking-protection-firefox-desktop?redirectslug=enable-and-disable-cookies-website-preferences\&redirectlocale=en-US)

## 4. General

We trust the above explanation has clarified our use of cookies and similar technologies, as well as how you can manage such matters. While we have shared details of third-party websites and services for your convenience, please note that we are not responsible for the content, functionality, or services provided by these sites.


# User Agreement

Effective Date: Aug 24, 2023

## 1. Introduction

Welcome to the Lao National Digital Technology Group (LADT) (hereinafter referred to as "the Website "). This User Agreement (the "Agreement ") governs your access and use of the Website and its services. By accessing or using the Website, you acknowledge and agree to abide by the terms set forth in this Agreement.

## 2. Acceptance of Terms

By accessing or using the Website, you agree to be bound by this Agreement and any additional terms incorporated by reference. If you do not agree to these terms, please do not use the Website.

## 3. Account Registration and Usage

To use certain features of the Website, you may need to create an account. You agree to provide accurate, current, and complete information during the registration process. You are solely responsible for maintaining the confidentiality of your account credentials and agree to notify us immediately of any unauthorized use or security breach. You are responsible for all activities conducted under your account and accept liability for any actions performed using your account.

## 4. Use of Services

The Website offers services related to digital currency transactions. You agree to use these services in compliance with applicable laws and regulations. You understand and acknowledge the inherent risks associated with digital currency transactions and hold Lao National Digital Technology Group (LADT) not responsible for any losses or damages resulting from such transactions.

## 5. Intellectual Property

The content and materials on the Website are protected by intellectual property rights, including copyrights, trademarks, and patents. You may not copy, reproduce, distribute, or modify any content on the Website without Lao National Digital Technology Group (LADT)'s prior written consent.

## 6. Security

You are responsible for maintaining the security of your account and device, including protecting against unauthorized access. Lao National Digital Technology Group (LADT) implements security measures but cannot guarantee the absolute security of your information.

## 7. Limitation of Liability

To the extent permitted by law, Lao National Digital Technology Group (LADT) shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from the use or inability to use the Website. Lao National Digital Technology Group (LADT) does not endorse or guarantee the accuracy, reliability, or legality of any transactions or information on the Website.

## 8. Indemnification:

You agree to indemnify and hold Lao National Digital Technology Group (LADT) harmless from any claims, losses, liabilities, and expenses arising out of your use of the Website or breach of this Agreement.

## 9. Modification and Termination

Lao National Digital Technology Group (LADT) reserves the right to modify, suspend, or terminate the Website or your account at its discretion. Lao National Digital Technology Group (LADT) will provide reasonable notice of such changes.

## 10. Dispute Resolution

Any disputes arising from this Agreement shall be resolved through arbitration in accordance with the prevailing arbitration rules.

## 11. Digital Currency Services

LADT provides digital currency services that enable you to buy, sell, trade, and store digital assets. You understand that the value of digital currencies can be volatile and that you assume all risks associated with their use.

## 12. No Investment Advice

LADT does not offer investment, tax, or legal advice, and LADT does not facilitate trades on your behalf. For guidance specific to your circumstances, it is recommended that you consult with a legal or tax professional. LADT may provide educational materials concerning Supported Digital Currency, as well as other Digital Currency not supported by LADT. These materials may encompass blog posts, articles, links to third-party content, news feeds, tutorials, and videos. The information provided on this website or any third-party sites is not to be construed as investment advice, financial advice, trading advice, or any other form of advice. You should not consider any content on the website as such advice.

## 13. Fees

LADT may impose charges for the utilization of its Services. Upon initiating a transaction, you consent to the payment of the fees indicated to you, if applicable, or as independently arranged between you and LADT. Information about fees can typically be found in the Fee Schedule; LADT reserves the right to modify any of its fees at any time, with or without prior notice.

Additionally, there may be charges from the pertinent Digital Currency network or Supported Bridge associated with blockchain transactions. You hold responsibility for covering all such fees.

You are accountable for, and hereby agree to cover, any fees that your financial institution might impose in relation to sending funds to LADT or receiving funds from LADT. LADT assumes no liability for any expenses incurred due to delayed processing of deposits or withdrawals, which might lead to overdraft charges or similar costs.

## 14. Mobile Services

If you access our Services through a mobile device, your wireless service provider's standard charges, data rates, and additional fees may apply. Moreover, your carrier might have limitations or prohibitions on downloading, installing, or using specific mobile applications. It's important to note that not all of our Services might be compatible with all carriers or devices. By utilizing our mobile Services, you consent to our communication with you via SMS, MMS, text messages, push notifications, and other electronic means through your mobile device ("Mobile Messaging"). Additionally, specific usage information about our Services may be shared with us.

In the event that you change or deactivate your mobile phone number, it's your responsibility to promptly update your account details to prevent your messages from being sent to anyone who might obtain your old number.

You could receive messages related to our Services or your LADT Account through Mobile Messaging. Standard message and data rates may be applicable. If you wish to discontinue receiving such Mobile Messages, simply reply with "STOP" to cancel and unsubscribe. If you require assistance, please get in touch with LADT's Support Team.

By using our mobile Services, you confirm that, concerning any provided mobile phone number, you either own the corresponding account for that mobile phone number or possess the necessary permissions from the account holder to utilize this service.

## 15. Restricted Activities and Prohibited Transactions

In connection with your use of the Services, you hereby agree that you will not:

* Violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation.
* Intentionally try to defraud (or assist in the defrauding of) LADT or other LADT Users.
* Take any action that interferes with, intercepts, or expropriates any system, data, or information.
* Partake in any transaction involving the proceeds of illegal activity.
* Transmit or upload any virus, worm, or other malicious software or program.
* Attempt to gain unauthorized access to other LADT Accounts, the LADT website, or any related networks or systems.
* Use the Services on behalf of any third party or otherwise act as an intermediary between LADT and any third parties.
* Collect any User information from other LADT Users, including email addresses.
* Defame, harass, or violate the privacy or intellectual property rights of LADT or any other LADT Users.
* Upload, display, or transmit any messages, photos, videos, or other media that contain illegal goods, violent, obscene, or copyrighted images or materials

In addition, using the Services for transactions related to the following is prohibited, and LADT reserves the right to monitor for transactions that relate to:

* Weapons of any kind, including but not limited to firearms, ammunition, knives, explosives, or related accessories.
* Controlled substances, including but not limited to narcotics, prescription drugs, steroids, or related paraphernalia or accessories, unless possession of and transactions involving such controlled substances are authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place, and provided any such transactions comply with all applicable law.
* Gambling activities including but not limited to sports betting, casino games, horse racing, dog racing, games that may be classified as gambling (i.e. poker), or other activities that facilitate any of the foregoing, unless such activities are authorized by the jurisdiction in which the User is based as well as by the jurisdiction in which the transaction takes place, and provided any such activities comply with all applicable law.
* Money laundering or terrorist financing.
* Any sort of Ponzi scheme, pyramid scheme, or multi-level marketing program.
* Goods or services that infringe or violate any copyright, trademark, or proprietary rights under the laws of any jurisdiction.
* Credit repair services, or other services that may present consumer protection risks.
* Court ordered payments, structured settlements, tax payments, or tax settlements.
* Any unlicensed money transmitter activity.
* Layaway systems, or annuities.
* Counterfeit goods, including but not limited to fake or "novelty" IDs.
* Wash trading, front-running, insider trading, market manipulation or other forms of market-based fraud or deceit.
* Purchasing goods of any type from “Darknet” markets, or any other service or website that acts as a marketplace for illegal goods (even though such marketplace might also sell legal goods)

Any other matters, goods, or services that from time to time we communicate to you that are deemed unacceptable and which, for example, may be restricted by our and your financial institution or payment partners will be restricted.

## 16. Entire Agreement

This Agreement constitutes the entire agreement between you and Lao National Digital Technology Group (LADT) regarding the use of the Website and supersedes all prior agreements and understandings.

## 17. Contact Information

For any questions or concerns regarding this Agreement, please contact us at <contact@ladt.co>.

By using the Website, you acknowledge that you have read, understood, and agreed to the terms of this User Agreement.


# Anti-Spam Policy

Effective Date: Nov 22, 2023

International anti-spam regulations and industry best practices mandate obtaining informed, opt-in consent for the receipt of commercial electronic communications. This consent ensures that recipients have the ability to unsubscribe from such messages, and it necessitates the accurate identification of message senders.

LADT requires your explicit consent to engage in electronic communication with you for the following purposes:

* To establish and maintain a responsible commercial relationship with you.
* To understand your needs and assess your eligibility for our range of products and services.
* To keep you informed about trading and financial features.
* To relay information about developments, new products, and modifications to our website.
* To aid in the development, enhancement, and marketing of our products and services.
* To facilitate the billing and collection of any applicable fees.
* To conduct surveys and gather feedback from you for continuous improvement.
* To deliver products and services to you as requested.
* To furnish you with relevant news and other information of general interest as a valued customer.
* To adhere to LADT's legal and regulatory obligations.

Your consent to these communication practices is vital to ensure compliance with legal requirements and to facilitate our ongoing relationship. You can opt out of these communications at any time by using the provided unsubscribe option.


# Law Enforcement Requests

Effective Date: Nov 22, 2023

Periodically, LADT receives information requests concerning its customers from law enforcement agencies across the globe. This page is designed to furnish both you and law enforcement with insights into the protocols governing the processing of such requests.

When LADT is contacted by law enforcement, their primary interest typically centers around two categories of data: customer identity information and details pertaining to their utilization of LADT Tokens. Additionally, during the course of their investigations, law enforcement might seek to request the freezing of a particular address.

Upon receipt of information requests, LADT stipulates that such requests must be accompanied by the requisite legal processes. The nature of these legal processes can vary depending on the jurisdiction. They may encompass production orders, search warrants, subpoenas, and requests for voluntary data disclosure. LADT meticulously evaluates each order and request for voluntary data disclosure to ensure its validity under the law, guaranteeing that any response is narrowly tailored to provide only the data to which law enforcement is rightfully entitled. Similarly, requests to freeze LADT addresses must be supported by the appropriate legal procedures.

LADT also retains the authority to make disclosures to regulatory authorities when necessary to safeguard its interests, its associates, and the interests of its customers.

LADT encourages inquiries from law enforcement agencies concerning its policies and procedures. For further information, please reach out to LADT at <contact@ladt.co>.


# Risk Disclosure Statement

Effective Date: Nov 22, 2023

Trading in Digital Tokens carries inherent risks. This risk disclosure statement serves to inform and educate users about the risks associated with holding, trading, or engaging in Digital Tokens through LADT. It's important to note that this statement cannot encompass all possible risks and aspects related to Digital Tokens, but some key risks include, but are not limited to:

## Market Risk

The Digital Token market is still relatively new and highly uncertain. Individuals should only invest funds in Digital Tokens or speculate in them if they are prepared to potentially lose the entire investment. The direction of the market, whether it will rise or fall, and the value of specific Digital Tokens are unpredictable. This holds true for both long and short-trading positions. Caution is advised when holding Digital Tokens.

## Liquidity and Listing Risk

Digital Token markets vary in terms of liquidity, with some being highly liquid while others may have limited liquidity. Thin markets can lead to increased volatility. There is no guarantee of an active market for buying, selling, or trading Digital Tokens or related products. Additionally, markets for specific tokens may suddenly appear and disappear without prior notice or consent.

## Legal Risk

The legal status of certain Digital Tokens can be uncertain, making it unclear whether holding or trading them is legal. Determining whether and how Digital Tokens constitute property, assets, or rights is not always straightforward. Participants are responsible for understanding how Digital Tokens are regulated and taxed under applicable law.

## Exchange Risk (Counterparty Risk)

Entrusting Digital Tokens to third parties in custodial relationships carries inherent risks, including security breaches, contractual breaches, and potential loss. Participants should exercise caution when allowing third parties to hold their assets. Digital Token transactions are irreversible, meaning once tokens are sent to an address, there is a risk of permanently losing access to and any claim on those tokens.

## Trading Risk

Beyond liquidity risks, the values in digital token markets are highly volatile and can change rapidly. Participants in these markets should closely monitor their positions and holdings, as they can be affected by sudden and adverse shifts in trading and other market activities.

## Banking Risk

Projects like LADT rely on financial institutions and counterparties to hold the assets backing the tokens. These parties have their policies and can change their stance on stablecoins at any time. This may lead to delays and other barriers to redemption and sale. Additionally, Reserves held through financial institutions or intermediaries may be exposed to the risk of loss, theft, insolvency, and government or regulatory actions.

## Counterparty Risk

Assets supporting digital assets, including LADT Tokens, are exposed to the risk of default, insolvency, inability to collect, and illiquidity.

## Valuation Risk

LADT Tokens are fully backed by LADT's Reserves, which are not insured and may experience unexpected value reductions or be subject to government or regulatory actions. This can lead to delays and obstacles in redemption and sale. LADT Tokens are not government-issued or guaranteed. Like all investments, there is a risk of loss associated with owning LADT Tokens. Holders should remain vigilant regarding these risks at all times.