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What is LivenPay
Contemporary cryptocurrencies fail to function as reliable mediums of exchange for purchasing goods or services due to both their extreme price volatility and a lack of adoption by merchants and consumers. If users of these currencies cannot have confidence in the stability of their purchasing power then Liven considers that mass adoption is unlikely to occur. It may be difficult to convince merchants to adopt new payment methods due to associated costs and complexity, and similarly challenging to overcome consumers’ fear of change. Despite significant interest in blockchain, current applications are not user friendly, intuitive or accessible to the everyday person, making them incompatible with real world application. These are just some of the barriers preventing mainstream adoption.
Liven is a universal restaurant rewards network with integrated payment facility aiming to consumerise cryptocurrencies for everyday people by solving these problems. Since 2014 Liven has grown to service 250,000+ users transacting at 1,000+ venues in Australia’s two largest cities, Sydney and Melbourne. Processing millions in payments, Liven rewards users with our network currency for every transaction they make. The next step in the evolution of Liven is the addition of blockchain to this payment system through the incorporation of a blockchain-based token called LivenCoin, or LVN.
The unique features of the Liven 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 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 to overcome the current barriers preventing cryptocurrency adoption at a retail level.
Liven’s decentralised rewards 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, giving the stability necessary for everyday use. Parallel to the payment gateway is the donation wheel, enabling users to share rewards with nominated charities with complete transparency. LVN Tokens earned by transacting can be donated directly by the public by orders posted by organisations looking to fund a project or initiative.
LivenPay Beta Launch
Major Brand Partnerships and Milestones
Blockchain Transition Announced
Reward Protocol Activation
Travel, South East Asia, and Software Integrations
Co-founder/Chief Executive Of icer
Co-founder/Chief Marketing Of icer
Co-founder/Chief Scientific Of icer
Co-founder/Chief Technology Of icer
Lead Blockchain Developer
Founder and ex-president of NEM.io Foundation Founder, ProximaX
Co-founder & Director, Master Node Ventures CEO & Co-Founder, Canya.io
Director, Blue Block Capital Business Development Lead, Wanchain
Venture Capitalist Managing Partner, Mayfair101
Partner Piper Alderman
CEO Unicef Australia
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