Since the inception of blockchain technology in 2009, cryptocurrencies have gradually increased in popularity to a point where a large percentage of the world's population have heard about it even if the knowledge has come rather fleetingly for most. However, there are certain shortcomings standing in the way of widespread adoption of cryptocurrencies as a reliable means of exchange. At the top of this list is the hypervolatility associated with contemporary cryptocurrencies which in turn discourage merchants and consumers from accepting them in order to avoid losses.

I will also like to highlight the disjointed state of rewards and loyalty programs in different spheres. In the prevalent systems, the middleman tends to take the lion share of revenue, not to mention the fact that people are often asked to carry around multiple loyalty cards just to get points which can be used only within a particular loyalty economy.

Introducing LivenPay

LivenPay is intended to be a universal rewards network looking to consumerise cryptocurrencies for everyday users by solving the problems highlighted above. Liven has a working prototype which is independent of the ICO and the platform has grown to deliver services to over 400,000 users in about 1,000 locations in Australia. The platform intends to reward it's users for every transaction they make.

How Liven intends to eliminate the problems listed above;

• The LivenCoin (LVN) is designed to reduce price volatility through an internal conversion rate which provides LVN with it's inherent value. No LVN is useless as every token possesses purchasing power that can be exercised within the platform.
• Secondly, the introduction of a crypto payment gateway will have no effect on merchants as they still get paid in fiat.

The introduction of these features is sure to enhance cryptocurrency adoption within brick-and-mortar retail stores.

Tokenomics of Liven
10 billion token will be generated through the TGE and 3 billion tokens put up for sale. If the hardcap is not reached, the remainder of the 3 billion tokens will be burned so as to maintain the ratio of liability to funds raised. About 33% of the realised funds will be set aside to cover the spending of the distributed tokens in the short term.

Closing thought
It will be difficult for me to believe that anyone will say “no" to an application that enables us use cryptocurrency to pay for goods seamlessly along with the advantage of earning loyalty bonuses. Livenpay is sure to attract the attention of merchants and customers alike.

For further information, visit;
Official Website: https://livenpay.io/
Whitepaper: https://s3-ap-southeast-2.amazonaws.com/livenpay.io/LIVEN-WhitePaper(EN).pdf

Livenpay referral link: https://go.livenpay.io/afy17eiNgU
Btt Url: https://bitcointalk.org/index.php?action=profile;u=2296926

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