Concept Of The Livenpay Project:
Introduction:
The LivenPay project is a specific set of mobile applications designed to work in the field of food and services such as restaurants, cafes, fast foods and other catering places. The company writes on its website that any user can not only easily spend or pay, but also earn. Liven was founded in 2015 by friends of Grace Wong, William Wong and David Ballerini to enable customers to pay for food and drink purchases through the Liven app. As of May 2018, the company has more than 200,000 users shopping in more than 1000 of the best Australian restaurants, cafes and bars.
Now Liven expands this model by introducing the token on the Ethereum platform of the ERC20 standard, which will be called Liven Coin or LVN. Thanks to the Blockchain technology, LVN will become the first food token for everyday use of Cryptocurrency. Unlike other Cryptocurrencies, such as Bitcoins, which are very volatile, LVN will be governed by an internal exchange rate that allows consumers and merchants to operate on the Liven network without fear of fear. LVN will eliminate some of the main disadvantages of other Cryptocurrencies, with its unique internal conversion rate that helps reduce volatility. With the help of ICO, funds will be collected that will help to adapt the system to further expand the Liven network in cities such as New York, San Francisco and London.
Liven also seeks to eliminate financial and technological constraints that prevent small business owners from implementing Cryptocurrencies. For example, sellers will be able to choose whether they want the money they receive to be paid in LVN or in traditional currency, no matter what method of payment their customer uses. In addition, Liven offers a reward system that returns a percentage of their account to consumers in the form of Liven Coin, which can be transferred to an account or donated to charity.
HOW IT WORKS?
It's simple: instead of using cash or a payment card, users pay for expenses, say in a restaurant, using the LivenPay application and after that from 15 to 30% of their payment is reimbursed in their wallet in the form of LVN tokens, used in future purchases, or donated to charity. The LivenPay project already consists of more than 400,000 users operating on 1000 + objects and earning tokens (LVN) which will be stored on a mobile wallet for future use or donated to charity.
PRINCIPLE OF OPERATION:
The platform ecosystem will consist of the following elements:
Liven - payment gateway with reward Protocol and built-in smart contract token;
Consumers;
Salespeople;
Restaurants and cafes;
E-commerce store;
Charitable foundation;
External token exchange.
The solution to all the above problems will be the projects own network called Liven Network. Within the framework of this network, users will be able to pay for goods and services using internal tokens of the LVN platform, which, if necessary, will be automatically converted into Fiat money in accordance with the exchange rate used in the international market. The type of currency accepted will be determined by the institution providing goods and services. It is important to note that the value of LVN coins will increase as new partners join the network, ready to provide their services within the framework of the platform, which will cause the participants of the platform to use the tokens of the platform for payment.
ADVANTAGE OF LIVENPAY:
Benefits of the LivenPay app when you pay for goods and services in a partner institution with the help of a mobile application, LivenPay customers will enter your account part of the money spent. In this way, coins can be used for they can be seen from an efficient system like that which frees you and everyone including your customers, this LivenPay application you can access in such a way as to the desire of its users. It connects a network of users throughout the world through the public Liven Network application tool which can be called decentralized, Completing the last key component of the Blockchain to empower real economic applications.
LIVENPAY SOLUTIONS:
The solution from LivenPay, called Liven Network, is the first decentralized block chain that allows each user to connect as a node and every family of Blockchain units to create this network framework, users will be able to pay for goods and services using the LVN platform, LivenPay and internal tokens the freedom to monetize it LIVENPAY BLOCKCHAIN helps facilitate the exchange of control over data around the world that is very smart and you can rely on it so you don't have to worry about exchanging your LVN with ETERIUMS or other tokens around the world and shortening your digital currency exchange and not need to worry about knowing people because (Gaia's computationally spatial Blockchain network) is very transparent.
LIVENPAY USE CASES:
We believe the Liven Platform presents a strong use case for Blockchain technology and a liquid token economy. The followings are some of the use cases for LivenPay.
a. A Global Rewards Currency. LVN will play a pivotal role in the Liven Platform as both a medium of payment and the medium of incentive. Liven currently exists in fiat form as a rewards-based payment technology where users earn an internal network currency.
b. Trustless & Transparent Rewards Protocol. Some of the major advantages of Blockchain are the transparency of the public ledger, and the ease with which value can be transferred between individuals.
c. Socializing Peer-to-Peer Finance. Incorporating Blockchain technology into Liven Platform makes it possible for users to easily send currency, split bills, and share rewards - making peer-to-peer sharing simple.
d. Use of LVN by Third Parties via LivenPay API. Liven plans to create a payment gateway SDK that can be deployed by third parties directly into their own applications and websites, allowing LVN to be spent and earned during the checkout process. When a consumer makes a purchase through these third party platforms and comes to the checkout phase of the transaction, they will be given the option to pay with LivenPay in a fashion that is reminiscent of paying with PayPal.
e. Platform Exclusives to Drive Demand. Within the Liven Platform and its network, capabilities exist for strategic events or timed promotions that limit the purchase of system exclusive offerings - such as event tickets or unique menu items - only to holders of LVN tokens. For example: a Liven partner restaurant might create an exclusive ‘Liven Burger’, a unique menu item that will only be served for one week.
f. Gamification. Habitualization is a powerful force and one that is important for any type of platform where repeat usage is critical. Gamification elements improve user retention and engagement through habitualization, and can be used to entice users to transact more frequently, leave reviews of their experiences, post pictures of our merchant partners and their food, or refer others to the service behavior that has benefit for the entire Liven Ecosystem.
LIVENPAY TOKEN DETAILS:
The LVN token is launched on the Ethereum Blockchain.
The LivenPay ICO Public sale will open on the 18th of February
Symbol: LVN
Network: Ethereum
Token type: ERC20
Decimal Points: 18
Total Supply: 10,000,000,000 LVN
Token Price: $0.015 USD
Total Sale: 30% (3,000,000,000)
Accepting: USD, AUD, ETH
Soft cap: $10,000,000 USD (Reached)
HardCap: $28,000,000 USD
Jurisdiction: Australia
ROAD-MAP:
TEAM:
ADVISORS:
STRATEGIC PARTNERS:
MERCHANT PARTNERS:
CHARITY PARTNERS:
For More Information Follow The Official Resources Of The Project Livenpay:
Website: https://livenpay.io
Whitepaper: https://s3-ap-southeast-2.amazonaws.com/livenpay.io/LIVEN-WhitePaper(EN).pdf
Ann Thread: https://bitcointalk.org/index.php?topic=5064715.0
Telegram: https://t.me/livenpay
Facebook: https://www.facebook.com/livenpay
Twitter: https://twitter.com/livenpay
Medium: https://medium.com/livenpay
Reddit: https://reddit.com/r/LivenPay
Instagram: https://www.instagram.com/livenpay/
LinkedIn: https://www.linkedin.com/company/liven/
YouTube: https://www.youtube.com/user/livenaustralia
Github: https://github.com/livenpay
Author’s Details:
Bitcointalk Username: Dtotti78
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031
My Eth Wallet Address: 0xc5a639f58cb8deffff8513e2ad5f28f46d678b74