LIVENPAY: AN OBJECTIVE REVIEW

INTRODUCTION- LIVENPAY A UNIQUE APPROACH

Coin and token offerings(Initial Coin Offerings (ICO), Initial Exchange Offerings (IEO), Security Token Offerings (STO)) over the years have become one of the easiest ways of raising funds in order to finance a project which is either blockchain -based or employs a form of blockchain technology. However, projects still record a significantly high failure rate either during the execution phase of a project or even during the sale exercise itself with projects failing to realize their minimum specified amount(soft cap) for the successful execution of the project.

Only very few projects enter into the blockchain space with a new cryptocurrency with significant customer/consumer base for their goods and services with the aim of employing blockchain technology in order to provide more efficient and high-quality services that will add value to the lives of its customers and facilitate its ease of use. LIVEN is one of those very few projects.

The LIVEN platform which is in operation in Australia has its payment application that incentivizes customers/users for making purchases and payments using LIVENPAY at partner merchant stores. LIVEN is introducing LIVENPAY, an ERC20 token LVN issued on Ethereum, and other blockchain services in order to make the LIVEN network and services more accessible to a larger market and while making cryptocurrency easier to use on a day-to-day basis for payment settlement. LIVEN which already has working products and services(mobile application and cryptocurrency wallet services), a rare feat in the world of cryptocurrencies seeking to raise funds from the public.

THE LIVEN ECOSYSTEM- ITS FEATURES AND ADVANTAGES

The LIVEN ecosystem is a has numerous features and advantages; some of which are mentioned below:

LIVENPAY APPLICATION: This mobile application has an easy to use interface and also doubles as a cryptocurrency wallet, making it easy for users to store their digital asset(cryptocurrency).

SOCIALIZING PEER TO PEER FINANCE: Users can easily send LVN to others users on the platform, with users’ Ethereum wallet address substituted for a username linked with the wallet, bringing the social media touch to funds transference, making it easier to pay bills as a group or “top up” other users.

LIVENPAY API: The LivenPay API makes it possible for third parties to utilize the LivenPay payment gateway, making it easy for payment to be made using LVN and incentives received.

GAMIFICATION: Gamification strategies where users are incentivized for performing certain tasks and leveling up on achievements and other feats. This helps increase user-retention and increase engagements.

REWARDS: Users are rewarded for making payments and purchases using the decentralized trustless and transparent rewards protocol which is governed by smart contract.

LIVENPAY NATIVE CRYPTOCURRENCY- LVN

LVN is the native cryptocurrency of the Liven ecosystem and the LivenPay application. It is a utility token which will be used as a means of payment and medium of incentive. LVN is an ERC20 compliant token issued on Ethereum. The total supply of LVN has been capped at ten (10) billion LVN.

LVN is being offered to the public through a token sale exercise and the price of one LVN has been pegged at $0.015USD. Participants of the token sale exercise are required to pass Know Your Customer (KYC) in compliance with Anti-Money Laundering acts.

CONCLUSION

Livenpay with working applications on Android and iOs readily available for download, with over four hundred thousand registered users, proves the commitment of the team to offering value to the public from the get-go. Developed by a team of seasoned professionals that have already brought onboard numerous clients, it is obvious that LivenPay will transform the world of crypto payments.