LivenPay Project Review

aervin11 (38)in #projectreview • 6 years ago (edited)

Right now, the Crypto-space is suffering on a bear market, making strong projects to stand-out and survive while hype (only) projects that didn’t serve any use case is shaken off.

We are experiencing the longest bear market recorded in the history of cryptocurrency since bitcoin is born. This time most of the sh*tcoins are gone, the hype is gone, large amount market cap is also gone, and in order to survive, adaption is the only hope.

Introducing LivenPay,

Liven is a mobile wallet which accesses the LivenPay payment network that rewards you in LVN for doing the things you love. Every time you spend with Liven, you earn LVN — our universal network currency launching with blockchain. You can spend your LVN at any partner venue, save it up for future use, send it to your friends instantly or donate it to a partner charity.

What I like about LivenPay

Utility Use Case — Initially, LVN( the native currency of the LivenPay Network) is used as the means of payment for the food offered by it’s partners and as a reward.
To mention, their wallet app is already launched so you could try and dine using your LVN tokens in every partner restaurants (only across Australia for now), and also, using the app, you could pay via traditional payment methods (debit cards, credit cards, etc.) and earn LVN cash on redeeming your rewards.

Potential — As they focus in the Food Service & Hospitality industry, they are not closing their doors on future developments. As indicated on their Whitepaper, they also have this Gamification plan that would allow users to engage more by posting reviews and photos according to their respective experiences and earn rewards from it.
They also have plans to expand globally and to create a payment gateway SDK that can be deployed by third parties directly into their own applications and websites.
More uses, greater chances for adaption.

Blockchain —As you could notice, many projects are using blockchain and conducting ICO even they have no blockchain-use-case and just using the name to steal money from poor/hyped investors. In this case, I could say that LivenPay is living with the promise.
The reward cache, from which all LVN rewards are disseminated is governed through the use of a smart contract which contains the mathematical algorithm that sets the internal conversion rate and also secures the contents of Liven’s reward cache. By decentralizing the reward protocol the smart contract provides security against criminal parties attempting to steal from the tokens of the reward cache — as nobody can directly access these tokens, even Liven — and also lends transparency to user which serves blockchain-use-case.

Rewards&Charity — They have huge rewards for users that would use LVN for their meals and would be able to use that (LVN Cash) as “tip” for charities of their desire that is listed and available in the app.
Generous rewards is great when being shared.

Dual Market Effect — For users and speculators, we all could enjoy our trading experience by having this kind of feature. This means LVN has different price in the external exchange (just like DEX, or exchanges like Binance, etc.) and it’s internal exchange. External exchange price would depend on speculations, demand and supply and other vital things that includes underlying value and analysis while the Internal exchange price of each LVN depends intrinsically set by balanced rewards curve protocol, and trends marginally up or down depending on the amount of people purchasing through the network.
You could enjoy buying low on exchanges and selling high using the application, vice versa. I never encountered this kind of feature before and I think this one disrupts the old-fashioned, market dependent, volatile price that confuses business owners that sometimes results to their losses and interest.

Team&Development — They are on the later stages of their development before they launch their ICO and it’s great to know that there are still people committed to create this kind of developments even without funding.
About the team, they are experts in the Food and hospitality industry. This thing not new to them and along with advisors like Roger Ver CEO of Bitcoin.com and Lon Wong CEO of ProximaX which we could say the most brilliant minds around blockchain, I think they have nothing to worry at all. Cheers to LivenPay team.

Conclusion

To be honest this kind of platform isn’t new. What separates them on the crowd is that they offer a working product that you could use everyday even before their public sale and it is really impressive and I could say that future developments will never be a problem. The reward system, the instantaneous transaction using your digital wallet, the discovery feature, the 3rd party API, these are few of things to be mentioned about LivenPay.

Catch their upcoming ICO this February 28, 2019 and avail 15% bonus. You could also use this link for extra 2% bonus.

https://go.livenpay.io/djihDwiwAU