Minggu, 10 Februari 2019

LIVENPAY

LIVENPAY: A SIMPLE EXPLANATION OF THE LIVENPAY PROJECT

If you’ve ever travelled overseas, you know the pain of converting currency. The challenges we face when exchanging money across international borders is one of the weakest areas of the global economy.

Cross-border payments are notoriously complex and unnecessarily difficult , and also vulnerable to fraud as currencies, varying banking systems, and economic governance combine to complicate the process.

This is especially inconvenient for travellers, who generally don’t have the time or money to experiment, and thereby separate the swift and affordable options from the more cumbersome processes. When it comes to something as simple as buying food in a foreign country, consumers have been lacking a timely and reliable method of international currency transfer.


Introducing LVN.

A Stable Cryptocurrency backed by brick and mortar businesses, and ready to spend at thousands of merchants on launch day.

To launch our new product, we will be creating our own digital currency: LivenCoin, or LVN for short. For users of the Liven Cash system, credit will be migrated across in fiat value for the launch of the new Liven, and all of the features people love about Liven Cash will remain, plus new features and facilities enabled by transitioning to a true digital currency.

LVN will function as an intrinsic store of value across our network, and will have it’s own internal exchange rate backed by the volume of transactions made in real, brick-and-mortar businesses. 

This means each token has a guaranteed purchasing power at over a thousand real businesses on launch day — regardless of any arbitrary value the community may place on them. 

Users will be able to transact in fiat currency (AUD, USD) or LVN at all partnered merchants, and will receive LVN for transacting as part of the intelligent rewards network that we’ve built over the last 4 years. Merchant partners will be paid in fiat currency, or, if interested, can opt to receive payments entirely in LVN. 

To add to these functions, we will be reinventing our platform for giving, offering a decentralised way for consumers to directly influence the causes they care about — through a smart contract that brings never before seen transparency to the world of charity.
What our ambassadors have to say on LVN (Movida, Maha, 8bit)

How the Liven Network Will Benefit Users, Merchants, and Charities
Australians have been pioneers when it comes to cryptocurrencies, with three licensed exchanges, established tax systems, favourable regulation, and multiple successful initial coin offerings (ICOs).

Bitcoin and Ethereum will soon be sold out of 1200 newsagencies across the country, while almost 3000 Bitcoin automatic teller machines will also be powered up later this year. Additionally, there has even been discussion around the Federal Government creating its own cryptocurrency.

But contemporary cryptocurrencies have their short-fallings. Extreme price volatility and a lack of adoption by merchants and consumers still loom as barriers towards crypto becoming reliable mediums of exchange for purchasing goods or services continue to rise.

That is where the Liven integrated payment facility comes into play, providing a stable and reliable method for consumers to pay for their everyday dining experiences using the blockchain.

Want to discuss the LivenPay project or the LivenCoin token? Join the conversation in our Telegram channel! 

How LivenCoin (LVN) challenges existing cryptocurrencies

In April, 2018 Liven announced the launch of its own cryptocurrency and Initial Coin Offering (ICO) to allow its users to pay for their meals using the digital currency — LivenCoin (LVN) — which will replace its already existing internal currency LivenCash.

How it works is simple: instead of using cash or tapping a card, users pay for their meal in one-tap using the Liven app and 15 to 30% of their bill spend is instantly reimbursed as LVN, which can be used on future purchases, or donated to charity.

Liven’s ICO will see 3 billion LVN tokens made available for purchase at a price of USD $0.015 each, making the hard-cap USD $28 million.

While the goal of cryptocurrencies to date has been to create decentralised payment platforms, that iteration of the blockchain is not compatible with the way that the everyday consumer spends money.

The LVN token system aims to make the blockchain work for normal people and normal businesses.


How the Liven network works for merchants

The challenges to get Australians to adopt cryptocurrencies are largely eliminated through the LVN token system.

Users and merchants can pay and accept payment through a dual market system, where traditional payment methods can be combined with the Liven platform.

That means you can pay for your meal using LVN only, credit or debit card only, or a combination of the two.

And merchants aren’t locked into receiving their revenue as LVN, they can elect to receive the payments as fiat currencies (legal tender) — no matter how the customer paid their bill.

It is a model that is flexible and insulated from the manipulation and volatility that cryptocurrencies like Bitcoin and Ethereum currently experience.

We know that most Australians aren’t interested ‘re-learning how to use money’. Playing to this notion, the LVN token system removes the complicated nature of using currencies like Bitcoin while also providing options to merchants to receive funds the traditional way, or the cryptocurrency way.

Best of all, there is no hefty research required to use Liven or LVN, no need to exchange money and no need to watch markets to determine the value of your currency. All you need to do is sign up, book and pay for meals and earn LVN for free meals down the track.

An Australian ICO looks globally

With the imminent launch of our new cryptocurrency, LivenCoin (LVN), Liven‘s sights are set on global expansion, and international travellers are set to reap the rewards. Liven’s Ethereum ERC20 coin will be powered by blockchain technology, allowing for a transparent, public ledger that makes transferring money and buying food overseas a seamless transaction.

Already a pioneering dining rewards app within the Australian hospitality market, with more than 1,000 businesses and over 200,000 consumers on board, the natural next step for Liven is to take our successful model overseas. Plans are in the works to launch the platform in the US and UK, with Liven poised to stake its claim on the $US3.5 trillion global hospitality market, as detailed in the forthcoming Liven whitepaper.


Buy a burger with ease — anywhere in the world

Liven will enable users across the globe to transact in LVN, regardless of the fiat currency of the country they are in. Buying sushi in New York, or a pub lunch at a traditional English in London? No need to ignore your rumbling tummy as you calculate the exchange rate, transfer funds and lose a bomb in sneaky fees; when dining with a Liven partner merchant, you simply pay in LVN through the app in a few quick taps.


Tapping into a universal need

Liven serves to address a universal need: food. The love of food and the cosmopolitan dining culture transcends international boundaries, and with no other cryptocurrency focused on addressing this niche, Liven has a captive market on which to unleash the platform.

Many of Liven’s partner retailers already operate franchises in other countries, creating a solid base from which to launch the brand worldwide. The Liven platform will continue to grow as it expands worldwide and is adopted by more and more merchants, who will undoubtedly recognise the benefits of being involved in the incentivised marketing the platform offers.

In addition to the benefits to merchants and consumers, Liven’s plans for global domination will benefit worthy causes worldwide, as the network grows to include new charity partners which consumers are able to donate their LVN rewards to.

As LVN coins operate in a closed-network system, retailers stand to gain more repeat business, as consumers must eventually spend their coins within the network. For consumers, the ability to accrue LVN as cashback rewards means savvy spending when travelling.

Liven’s reward system will be a godsend for travellers, allowing them to earn between 10–25% of their bill back as LVN on each and every purchase they make through the system, which they can then use at a later date for future purchases.
Token Generation & Sale

The token generation event will create 10 billion LVN. A maximum of 3 billion of these will be offered for sale through a token sale, to be released to purchasers at the conclusion of the event. Any tokens that are not sold during the sale will be burned, and the reward curve formula adjusted to maintain the same ratio of liability to funds raised that would be achieved if the hard cap was met. The smart contracts for the LVN token generation event and crowd sale contributions are viewable from Liven’s public Github. All smart contracts have been independently audited by our partners at Hosho to ensure a high standard of security for the ICO, the audit report can be viewed here.

The primary purpose of the Offer is to offer the pre-purchase of food and other products or services represented in the form of the LVN Token and to utilise part of the funds received for the pre-purchase to create the new Liven Platform ecosystem, including the broad distribution of tokens to potential new users through the ICO event and enabling the ability for tokens to be accepted in new geographical locations through the launching of the Liven service in those locations, and other activities to meet this end. There is no guarantee that this objective will be achieved as it is merely an indication of what Liven aims to achieve over the relevant period. Liven’s objectives may change at the discretion of its directors. Liven may not be successful in meeting this objective and the token generation event is not guaranteed.


Token Generation Summary

The below table outlines the key figures and allocation breakdown for the LVN token generation event. The individual breakdown of each portion is detailed on the following pages.



Tokens in Reward Cache

Worth noting is that the Reward Cache which is comprised of 30% of the total token supply cannot be used by Liven to “flood” the market by being rapidly put into circulation. The balance of the reward cache is locked by a smart contract and is only interacted with through the Reward Protocol described above, as users transact within the Liven network of venues. These tokens are not available to Liven for raising further funds, and can only be released to users as rewards, and at a diminishing rate, as spending occurs within the network.

In the event that reward cache tokens enter circulation through user rewards the internal conversion rate increases, meaning that the rate at which they are disseminated decreases, according to the reward curve. The end result is that an increase in the circulating supply will always coincide with an increase in the internal conversion rate; providing a measure of insulation against price decreases in the external market despite more coins being in circulation.


*The above timetable is indicative only. Liven reserves the right to vary the dates and times set out above subject to applicable laws. In particular, Liven reserves the right to close the Offer early, extend the date the Offer closes, accept late Applications or withdraw the Offer and the issue of LVN Tokens (in each case without notifying any Contributor). The public sale open date will be published on livenpay.io including all other relevant dates.
Bonus Token Tiers for Early Purchases

The Initial Token Sale will be broken into 8 tranches. Participation in earlier tranches offer a better bonus rate. A tranche is filled when either the maximum allocated tokens are sold or the allocated amount is received, whichever comes first.




We’re Well Underway

We’ve been active in market for three years - moving fast on product releases, global expansion, and ecosystem growth

2017
$10M Series A Investment 

2018
LivenPay Beta Launch NOW
Migration of 300,000 Users

2019
Reward Protocol Deployment
UK Expansion
Dynamic/Gamified RewardsRead More

TEAM


ADVISORS



To get more relevant details from the LivenPay project or join social media and sales crowds, please follow some sources for the following references:


AUTHOR: Gambangcity
ETH: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072

Tidak ada komentar:

Posting Komentar

SoMee is a revolutionary new social media platform that puts people first.

  About: SoMee.Social: This is a very good project and the quality is satisfactory. I believe that this project worked very quickly and was ...