Imagine visiting your favorite restaurant or bar, and where on every meal you and your friends have, u get to earn money in the form of a special tokenized rewards.
This is the concept of the LIVENPAY platform that comes with great innovative ideas and creations to benefit both the customers and the merchants.
A User makes use of the LIVENPAY platform to pay for his or her food, will receive a certain percentage of his or her bill in the form of a reward that's credited in the platform. This reward can be either used to purchase meals or be donated to charity. Users are also give the chance to earn more credits by inviting their friend and family to make use of the LIVEN platform.
The LIVEN platform is an existing platform that recently integrated with the blockchain technology so as to bring about a revolutionary change in the food and beverage industry. This is a mobile payment and loyalty program that aims to keep rewarding users that makes use of the platform for purchasing food and other restaurants services.
In the commerce sector, the integration of the blockchain technology for the purchasing of goods and services has not been widely accepted as many are sceptical due to lack of trust, price instability or high costs, but LIVEN solves this problem. How? The LIVEN platform already offers payments in fiat but will gradually introduce the payment in cryptocurrency to its users for them to get familiarised with, thereby gradually breaking the barrier. This cryptocurrency is called the LIVENCOIN or LVN and it has a variety of uses. It can either be used to purchase food and beverages, exchanged for fiat or be donated to charity on the LIVENPAY platform.
The LIVEN ecosystem is made up of the LIVEN platform imbibed with the blockchain technology, the users, the merchants, the e-commerce stores and the cryptocurrency exchanges.
The users are the major component of its ecosystem and they get a part of their bills in the form of LVN when ever they purchase food through the LIVEN platform and this LVN acquired can either be used for buying meals through the platform, or donated to charity.
The merchants, on the other hand, after listing services on the platform for free, will now be exposed to a better audience and marketbase. They will have the option to accept payments in either fiat or the LVN tokens.
The Liven platform also offers an Integrated API, that can be Integrated in numerous e-commerce sites for the purchasing of other goods and Services with the LVN token.
This is the internal cryptocurrency being used by the LIVEN platform and it's an ERC20 token based on the ethereum blockchain. It has a total supply of about 10 billion LVN and about 3 billion will be available for the public sale to the general public. Another 3 billion LVN has been kept aside as the reward cache.
This LVN token has been created in a way to resist drastic price fluctuations and can be used by either users, merchants for all payments within the platform.
With the coming of the LIVEN platform, it will bring about a change in the mass adoption of cryptocurrency into our daily commercial activities starting from buying food and beverages with the platform. It will also offer tokenized rewards to its loyal customers who either make use of the platform for transaction as well as invite friends and family.
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Author - hamzeto
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1189991
LIVEN referral link: https://app.liven.com.au/W0PGwYoiXU
