
The case for LoMoCoin:
http://lomocoin.com/english/
https://www.facebook.com/Lomocoin-173210476508224/
Lomocoin (LMC) is the world’s first built-in crypto-currency entertainment app which combines an augmented reality (AR) game to real maps and real life to drive commerce. The goal of LMC is to bring never before seen traffic, trade and monetizing opportunities to business while giving customers a fun AR game that could afford them special discounts. Like Groupon which offers business incentives to sell through their app and give customers the discounts, LMC rewards business with traffic and allows customers to explore the map and collect LMC’s that can be redeemed for discounts or goods at participating stores.
Current news: Possibility for an end of July conference and update on development (which is confirmed). August app revamp to make LMC 2.0 (which is confirmed). Expanding LMC app to other countries (which is confirmed). Slack channel for western users (which is confirmed). Partnership with a game company (the rumor).
The LomoCoin 2.0 app will support multi-languages and multi-cryptocurrencies. They plan to cooperate with local partners in Japan, Korea, Southeast Asia, North America, Europe, Australia, and Russia where blockchain and cryptocurrencies industry is growing fast to carry out innovative advertising, for a attention and traffic driven economy.
Why does that matter: Conference update means they have exciting news to share. Possible game partnerships? They already have a working product with millions of downloads in China. Anything new and exciting could rocket the coin, and give it more attention.
LMCs four business models:
Pattern 1:
Shop derived: LMC ecosystem is made as shop owners give out LMCs as rewards to drive their business. Players contribute human traffic in the LMC ecosystem through a treasure hunt experience in the real world and collect LMCs which can be used as coupons and currency to purchase at participating stores.
Value to player: LMC’s are collected to obtain real world benefits and products at participating shops.
Value to owners: Create an incentivized augmented ecosystem to drive human traffic and thus drive business as players are brought to shop owners.
A whole tourist experience or even something as simple as a date could be built around this platform. Imagine sight seeing around a town and collecting coins which at the end of the day could result in 50% coupon for a meal. Every kid who has a cell phone can now contribute to the LMC ecosystem by playing the treasure hunt game to collect LMC’s which can be used to shop something as small as candy or towards maybe a gaming console.
Pattern 2:
LMC officials can set appropriate LMC’s at popular events, parks, shops, and tourist areas to drive LMC ecosystem. Build partnerships with brands to contribute to LMC ecosystem with LMC ads.
Pattern 3:
Tour guide gain LMC’s through LMC referral system to introducing to tourists.
Value to shops: Souvenir shops and restaurants can set LMC’s to drive human traffic to their shops. Thus, increasing competition with other shops.
Value to tourists: Travel/sight see while hunting for LMC’s which can be used as coupons at participating shops.
Pattern 4:
Player derived: Players create their own treasure hunt for friends and family. Think group activities, school games and competitions.
Current price: $0.075572
24hour volume 2,868 BTC/ $7,773,790
Market cap: $15,862,703
Other factors that could increase the value of LMC:
- Services and goods that are offered by shops for LMCs
- Popularity of the app as people create the LMC ecosystem between players - players and players to customers
- How game developers see this as an opportunity
- Outside investors interest as LMC grows abroad
Cons: Their talented devlopers giving up.
Do I have a stake in LMC? Yes. Is it worth the 7c investment? Yes. FYI I am biased and bullish on this project like I was for ETH when I bought it back in December because I believed in what they were trying to accomplish. However, as always, be cautious. Always do your own research. Invest in what you believe in. In the end, thats what makes a sound investor.