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Lomocoin is one not to be missed. LMC, on Bittrex. Already has GPS app on Android, and iOS coming tomorrow (Wed, Dec 6).
So what does the app do you ask? There are two ways to use it... global or local (with GPS). In either case, the following can be done:
In China there is a tradition of giving Red Envelopes... usual with money, but the red means good luck. So, the Lomostar app lets you open red envelopes to collect rewards.
What kind of rewards? Well, even better, Lomocoin has an exchange in beta at xstar.io. This allows LMC to be converted to BTC, LTC, ETH, and more coins to be supported as it comes out of beta. Already, you can get free coins mentioned.
Who gives the coins? Do you have a retail business or an event? You could be the person giving the coins. Any business can make use of this app to drive traffic, or could be online via the global.
If you want more precise, Google "WeChat Red Envelopes"... this is sort of where the idea came from, and it is a multi-billion dollar idea... Lomocoin brings it to the blockchain because it is an obvious improvement to send rewards through a decentralized system.
Supply is 305 million, current price is about $0.08. Daily volume around $2 million +, some days more, others less, but good interest for a coin that is not in CMC Top 200. Early days....
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