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In P2P network, present load balancing algorithms are network locality insensitive. Load transfer between nodes may be done between two or more long-distance nodes. This will delay transfer time, waste some bandwidth resource, result in node failure and network bottleneck. This paper aims to build a controllable, operable P2P network and furthermore benefit the future mobile Internet. This paper presents a new approach to distribute load to nodes within a certain range by introducing Land Mark Node (LMN). LMN is responsible for load regulation and assignment of node ID. In the paper, we explain the new algorithm and compare it with the previous algorithms involving load balancing. Finally we evaluate the benefits of our approach in the context of the P2P network and IMS core network.