The world’s first global food economy – for everyday use, by everyday people – powered by the blockchain. LivenPay ICO rating – 70
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Active ICO : 18/02/19 – 31/05/19
Roadmap: 8/10 Legal: 3/5 ICO terms: 2/5
Team: 14/20 Token applying: 3/5 Promotion: 12/20
About LivenPay ICO (token sale)
Liven ICO is a universal rewards network with integrated payment facility aiming to consumerise cryptocurrencies for everyday people by solving these problems. Since 2014 Liven ICO has grown to service 400,000+ users transacting at 1,000+ venues in Australia’s two largest cities, Sydney and Melbourne, with international expansion beginning in Q1 2019 with London, UK and US. Processing millions in payments already, Liven ICO rewards users with our network currency for every transaction they make. Liven is already integrated with a number of key Point of Sale (POS) partners allowing it to reach more than 20,000 venues. The next step in the evolution of Liven ICO is the addition of blockchain to this payment system through the incorporation of an Ethereum ERC-20 token called LivenCoin, or LVN.
The unique features of the Liven ICO Platform and the existing network of merchant partners and users will seek to address both problems identified above. First, the economic design of LivenCoin reduces price volatility through a unique, internal conversion rate which gives LVN intrinsic value – every LVN Token in circulation possesses purchasing power that can be used within the Liven ICO Platform. Second, the addition of the cryptocurrency payment gateway will be unnoticeable to merchants, as they are still paid in fiat. These features combined with Liven’s presence in hundreds of venues and large, active user-base assists Liven ICO to overcome the current barriers preventing cryptocurrency adoption at a retail level.
Liven’s ICO decentralised Reward Protocol is governed by a smart contract which will enable rewards to be disseminated indefinitely despite a limited LVN Token supply, and encourages corrective behaviour with any external markets that may arise, as well as encouraging users to spend LVN back into the network as circulation increases. LVN Tokens earned by transacting can also be donated directly to a charity.
The LVN Token Sale will o er for purchase 3 billion of the 10 billion LVN Tokens created at $28M USD value. The goal is to make the platform and its benefits available to as many people as possible. Approximately $8.4M will be set aside to cover the redemption/spending of the distributed tokens in the short term. The balance $19.6M will be allocated towards fuelling Liven’s ICO rapid global expansion and developing the new cryptocurrency gateway.
Liven ICO token
The token generation event will create 10 billion LVN. A maximum of 3 billion of these will be offered for sale through a Token Sale, to be released to purchasers at the conclusion of the event. Any tokens that are not sold during the sale will be burned, and the Reward Curve formula adjusted to maintain the same ratio of liability to funds raised that would be achieved if the hard cap was met. The smart contracts for the LVN token generation event and crowd sale contributions are viewable from Liven’s public Github. All smart contracts have been independently audited by our partners at Hosho to ensure a high standard of security for the Token Sale, the audit report can be viewed here.
The primary purpose of the Offer is to o er the pre-purchase of food and other products or services represented in the form of the LVN Token and to utilise part of the funds received for the pre-purchase to create the new Liven Platform ecosystem, including the broad distribution of tokens to potential new users through the Token Sale event and enabling the ability for tokens to be accepted in new geographical locations through the launching of the Liven service in those locations, and other activities to meet this end. There is no guarantee that this objective will be achieved as it is merely an indication of what Liven aims to achieve over the relevant period. Liven’s objectives may change at the discretion of its directors. Liven may not be successful in meeting this objective and the token generation event is not guaranteed.