LivenPay - Spend and Get Cryptocurrency LIVE

LivenPay - Spend and Get Cryptocurrency LIVE

Australia's fee-based mobile payment network is set to be a pioneer in the world of cryptocurrency.

Introduction to LVN: What You Need to Know
Liven was founded in 2015 by friends Grace Wong, William Wong and David Ballerini, as a way for customers to pay for food and beverage purchases through the Liven app. As of May 2018, the company currently has more than 200,000 users shopping in more than 1,000 of Australia's best restaurants, cafes and bars.

The users then get back prizes as 10-30% of their bills that they can save, transfer, or spend in the Liven merchant network, or even donate to charity.

Liven is now expanding this model, by introducing Ethereum ERC20 tokens, known as LivenCoin, or LVN. Powered by blockchain technology, LVN will be the first unlimited food token, and a revolution in the use of cryptocurrency every day.

In total, Ten billion LVN tokens will be created and in the Initial LVN Coin Offer, 3 billion will be available for purchase for those who want to contribute to our project.

Interesting expressions can now be registered at livenpay.io, and public sales will be launched at the end of 2018.

Benefits for traders and customers
LVN will handle several other major cryptocurrency weaknesses, with unique internal conversion rates that help reduce volatility and provide intrinsic value in Platform Liven. By catapulting this new currency behind an already established business with a virtual currency system that has already been implemented, Liven aims to use funds raised through its ICO to expand Liven's network to cities including New York, San Francisco and London. .

Liven also seeks to overcome financial and technological constraints that prevent small business owners from adopting cryptocurrency, by making payment gateways as friendly as possible. For example, traders will be able to choose whether they want the funds they receive to be paid as LVN or traditional currencies, regardless of what payment methods their customers have used. Liven currently offers a gift system, giving consumers the percentage of their bills as LivenCash, which can be added to the next bill or donated to charity. The introduction of blockchain-powered crypto-payment gateways means that customers can continue to enjoy gift programs, with greater control over how to spend their gifts. The next business will benefit from a closed loop system, which means that all LVNs, at some point, will be redeemed on the network.

Unique opportunities:
Australia's ICO with a global reach Moving from the current internal currency (pegged to the Australian dollar) to the new internal model will make Network Liven accessible to global travelers, and allow business models to develop on an international scale.

LVN is unique among projects offering initial coins, because it has been built on an existing payment network which, in May 2018, offers more than 1,000 brick and mortar businesses, and more than 200,000 consumers.

Cryptocurrency has a utopian problem.
They are designed to interact only with cryptocurrency and other cryptocurrency platforms.
Consumers around the world are not interested in re-learning how to use money, and that must be proven if 38% of the world's population does not have bank accounts, soaring from financial illiteracy to a comprehensive understanding of cryptography and distributed technology is stretching as well as possible.
The Blockchain Foundation and decentralized applications need to interact with the existing world (even if only for the transition period) to accelerate public adoption of technology, and bring consumers and businesses to push the volume into these products and services.
This is the first step in teaching the world about the benefits of distributed web.

The goal is global decentralization, but the walled garden approach slows us down.
Foundations and applications need to use centralized infrastructure and resources to make the blockchain work for normal people and normal businesses, and while it may not be profitable in the short term to once again bow to big banks and payment networks, it will do more for the cause rather than an isolated approach.

Liven Explains: Why Do We Need a Blockchain?

Ask not what the blockchain can do for Liven, but what Liven can do for the blockchain.

Apart from the possibility of shocking blockchain technology in the future, there are many cases of companies around the world pushing it to places that might not be needed.
Does anyone really ask for the crypto currency for the dental industry? Or a blockchain solution for sexual approval?

This, ahem, doubtful cases have caused many passengers to question why the blockchain should be added to any project that announces the use of distrubuted ledger technology. Fortune 500 chief executives have also jumped on the detractor bandwagon, questioning the purpose and advantages of crypto over other traditional financial systems.

And although this is reasonable skepticism in many cases, for Liven, the integration of cryptocurrency and blockchain makes sense as the next evolution of our payment platform. Our 200,000+ users have received their prizes in our own network currency - LivenCash - for four years now, and switching to our digital currency LVN will not only be smooth, but also very useful.

Our new digital currency will enable Liven to reward our users with credit that has real value, both on and off the platform, and unlock loyalty programs and incentives for traders without the general rigidity of existing ones.

Still not sure? Here are four reasons why Liven chose to use blockchain technology.

First, to help globalize and enable direct expansion of our current network currency economy.
Having our award currency as a limitless digital currency allows Liven to accelerate our expansion into locations such as London, New York and San Francisco.

Second, to expand our capabilities in peer to peer finance, social spending, gift giving, and then how our currency is used among different people to create a more smooth and dynamic payment system.

Third, to decentralize our existing donation features, opening transparency is unprecedented in the world of charitable giving.

The fourth reason is more in the case of blockchain use for Liven. We want to make a product that faces users who connect blockchain technology with traditional currency infrastructure to enable people to use great products while making it easier for them to adopt blockchain everyday.

The final point really summarizes why Liven chose to implement cryptocurrency on its platform. As we said before, cryptocurrency has a utopian problem, and is actively limited by a lack of recognition and adoption every day.

By diverting the currency of our internal LivenCash network to our LVN cryptocurrency, billions of dollars in Ethereum and Bitcoin will be globally accessible to small businesses around the world. Furthermore, 99.9% of the population not involved with cryptocurrency will find accessible use cases for blockchain technology in their daily lives.

And while you might still not be able to buy burgers and coke with your Bitcoin, you will be able to buy more with LivenCoin through our network of more than 1,000 restaurants. Really digital currency for the future, and for people.

So for (badly) quoting famous US President John F. Kennedy: "Don't ask what blockchain can do for Liven, ask what Liven can do for the blockchain".

Team