In the recent years the world has witnessed a revolutionary technology called blockchain and it's derivative cryptocurrency. Crypto is known as the future of financial transactions. Despite being a superior technology, use of cryptocurrency in daily payment activity is still remains a challenge. This is because the high volatility of cryptocurrency prices. The price fluctuation changes from 7-15% every day and this results in high market volatility. This is why not many market participants are ready to accept crypto as a payment option.
It is worth to note that cryptocurrency technology has the capability to transform every sphere of our society such as modernizing financial transactions, easy payment option for day-to-day activities, loyalty services and other potential sectors. Thus it will transform ordinary customers and business owner lives in many ways.
Thanks to a team of professionals who are on the mission to make cryptocurrency a mainstream adoption and means of payment for day-to-day activities. They have created a project called LivenPay.
Project objective
The main aim of the LivenPay project is to create Blockchain technology powered unique payment network which provides a means of payment for daily goods and services, along with a reward system. With this, every person around the world will now use digital currencies for everyday payments.
Principle of operation
The LivenPay platform consists of these following parameters:
• The Liven has a payment gateway for processing payments and a reward system protocol;
• it has built in tokenized smart contact feature;
• has consumers;
• sale persons;
• hotels, restaurants and cafes;
• an online e-commerce store;
• exchange for tokens;
• charitable foundation;
In order to provide a perfect solution for the above mentioned problems, the project developers created Liven Network. Within this network customers can pay for goods, services and for other daily activity payments through internal token called LVN. This token will be used to make payments and it will converted to local Fiat currency in accordance with the current market price. Thus this feature helps stores and service providers to use digital tokens for payments without facing the market volatility. With this the LVN tokens value will be increases.
In order to make payments for goods and at stores you need to install LivenPay application on your smartphone. With this app you can easily make payments instantly and also you can manage your accounts summery. Use of coins for payments helps in:
• reducing the amount of your bills when paying for lunch/dinner at restaurant and hotels or for goods and services;
• the difference amount goes to charities;
• accumulation of reward funds can be used to make purchases at certain amounts;
• you can also exchange the coins or can trade;
It is worth to note that business owners can easily implement LivenPay system and can modernize their business and increase their income.
LivenPay also helps charitable foundations to receive funds directly from people thorough the app which reduces the unnecessary delay, administration cost and makes it very effective.
ICO details
The LivenPay project uses its own internal token called LVN to perform every platform operations and primary mode of payment. There are totally 10 billion coins are minted and or of which 3 billion will be sold during different ICO stages at different bonus rates. The public she has started from October 2018 and continued till today. The initial price of the token is $0.015.
The project has are it's Softcap at $10 million and Hardcap at $28 million.
Token distribution
Conclusion
It is good to see such a real use case project are developing on blockchain technology. And LivenPay will play an very important role in accelerating the growth of cryptocurrency market and it's global adoption. LivenPay aims to provide cryptocurrency accessible for everyone in everyday payments. Thus everyone around the world will use the revolutionary crypto technology through their mobile devices. With this LivenPay targets huge audience and it will be very big one.
Finally I would suggest you to read the official whitpepaper of the project for more details. This project needs much public attention and I wish all the best for this great project.
Learn more about LivenPay:
Website: https://livenpay.io
Read Whitepaper: https://s3-ap-southeast-2.amazonaws.com/livenpay.io/LIVEN-WhitePaper
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
LinkedIn: https://www.linkedin.com/company/liven/
Reddit: https://reddit.com/r/LivenPay
YouTube: https://www.youtube.com/user/livenaustralia
GitHub: https://github.com/livenpay
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
