INTRO:
Have you ever thought about visiting your favourite restaurant, bar or snack place with your family, friends and colleagues and earned a tokenized reward just from purchasing food?
This is the basic ideology of the LIVENpay infrastructure
WHAT IS LIVENpay?
This is the first of its kind infrastructure that was designed to operate within the food and related services industry such as restaurant, pubs, bars and cafe. It ensures that on every amount being spent on a meal or beverage, the users get to earn a reward. This infrastructure was created in 2015 and it was recently integrated with blockchain
technology in a bid to expand its efficiency as well as giving users a tokenized reward. It functions in the form of a mobile payment and loyalty program that aims to reward its users as they utilize the infrastructure for purchasing food and beverages.
The LIVENpay infrastructure has brought about a great solution to a persisting problem in the blockchain world. That is the adoption of a cryptographic form of money as a medium of purchasing goods and services. This is due to lack of trust, price instability of cryptographic form of money, or the high costs of transactions. But Livenpay solves this problem as it's an existing infrastructure that offers its services in form of fiat, and it will be gradually introducing payments with the cryptographic form of money for its users to become familiarized with it. This has been made possible with the help of numerous restaurant and food providers to accept such cryptographic form of money as a medium of payment.
THE LIVENpay ECOSYSTEM
The innovative and revolutionary Livenpay ecosystem is made up of numerous elements and they include
*The Liven payment gateway imbibed with reward protocol as well as smart contracts
*The Consumers
*The Salesmen
*The restaurant, pubs, cafes and Bars
*An e-commerce store
*The charity foundation
*And the external cryptographic form of money exchanges.
All the above constitutes the LivenNetwork and will enable users to utilize the internal tokens of the Infrastructure called the LVN for the payment of food and related services. So if a user makes use of the infrastructure to pay in any of the partner institutions and services, they get to earn an amount being spent.
FUNDAMENTAL FEATURES OF THE LIVENpay
It allows users to earn a part of the funds being spent on food within partner institutions
It allows users to share and cast their reviews of a particular restaurant, thereby introducing a ranking system for the food providers.
It has a dual currency wallet that can allow users to pay for their food either in the form of fiat or the LVN tokens. For payments in fiat, it has a feature for the linking of the credit card to the LIVEN wallet.
It has the ability to use promotional codes for a means of getting discounts for buying meals in Livenpay linked restaurants.
It has a very transparent open exchange rate for the conversion of the LVN tokens to fiat and it has systems that protect the LVN tokens from the crypto price market instability to prevent losses.
THE LVN TOKENS
This is the official form of cryptographic form of money payments on the Livenpay infrastructure and this token is an ERC20 token based in the ethereum blockchain. It has a total supply of about 10 Billion LVN tokens and can be currently gotten on the current crowdsale taking place at the moment.
THE TEAM:
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For the Livenpay to achieve its lofty objective, they have assemble a vastly experienced team of experts with proven credentials in the digital field and beyond. Little wonder the project has been a huge success with new dynamism in the food and related service ecosystem
CONCLUSION
The Livenpay infrastructure is an amazing project that aims to incentivizing its users for making use of its infrastructure for the purchasing of food and related services. It comes with fascinating and result-oriented fundamental features that allow the use of a cryptographic form of money for trade. Users earn the LVN tokens which could either be stored in the wallet, or be used in LIVENpay partner stores or donated to charity.
To further get acquainted with information about the innovative Livenpay initiative please click on the links below:
Website: https://livenpay.io/
WhitePaper: https://s3-ap-southeast-2.amazonaws.com/livenpay.io/LIVEN-WhitePaper(EN).pdf
YouTube: https://www.youtube.com/user/livenaustralia
Medium: https://www.medium.com/livenpay
Twitter: https://www.twitter.com/livenpay
Facebook: https://www.facebook.com/livenpay
Telegram: https://t.me/livenpay
Instagram: https://www.instagram.com/livenpay
Livenpay Referral Link: https://go.livenpay.io/SLRlELx2qV
Author's Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625