Liven is an incentive-based mobile payments gateway and ecosystem built for the lifestyle and dining industry.
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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.
DetailsPre-sales: May 01, 2018 - Feb 17, 2019
Public sales: Feb 28, 2019 - Apr 24, 2019
Token supply: 10,000,000,000 LVN
Total tokens for sale: 3,000,000,000 LVN
Soft cap: 10,000,000 USD
Hard cap: 28,000,000 USD
LegalBlockchain Platform: Ethereum
Country limitations: USA, China, Egypt, Morocco, Algeria, Bolivia, Colombia, Ecuador,
Saudi Arabia, Bangladesh, Pakistan, Taiwan, Cambodia, Indonesia
Registration country: Australia
Token infoTicker: LVN
Token standard: ERC20
Token price in USD: 1 LVN = 0.015 USD
Accepted currencies: ETH, BTC, FIAT, XEM
LivenPay Beta Launch
Beta launch of fiat mobile payment product (LivenPay) enabling consumers to make incentivised mobile payments at point of sale in Melbourne and Sydney, Australia.
Major Brand Partnerships and Milestones
Signs payments partnership with major Australian and international retail brands (300 stores). Major product update - new payment flow, one-tap quick payments, curated discovery system, and GPS enabled payment security features.
Completion of LivenPay beta payments trial with retail brands, commence development on full product release.
Blockchain Transition Announced
Announcement of blockchain-based network cryptocurrency - LVN, to replace the existing LivenCash;
Liven integrates with several of Australias most prominent point-of-sales providers to further increase our technical merchant reach, improve the smoothness of the payment experience and increase our data gathering capabilities.
Major product release featuring new codebase, entirely rebuilt user interface, alpha LVN Wallet, bluetooth iBeacon proximity sensor for payment security maximisation. More brands join and development of functional cryptocurrency wallet commences.
Conduct an ICO on the back of major success with over 1,000 business partners and a user base surpassing 350,000, beta testing crypto-payment solution;
100,000 Venues: POS Integration Milestone
Achieve technical reach of 100,000 retail venues via API integration partners. Completion of LVN wallet beta test and begin rollout of payment rails to entire network.
Reward Protocol Activation
Completion and integration of the reward protocol smart contract into the Liven platform. Dynamic LVN internal conversion rate becomes active with the LVN purchasing power set by the reward curve. The balance of the reward cache is publically visible through the smart contract, and users can verify that the internal conversion rate is free of manipulation;
Launch product in London, UK. LivenPay ecosystem expanded to over 10,000 venues.
Release of full-scale merchant and enterprise portal enabling businesses to create accounts autonomously and begin processing transactions with LivenPay reward protocol and wallet integration, with deep behavioural analytics and insights plugged directly into their sales.
Launch product in 3 US cities over a 6 month period. LivenPay ecosystem expanded to over 40,000 venues.
Full release of Liven 7.0 redesigned from the ground up as the worlds first real world incentive based transactional game - meaning dynamic incentives, rewards, achievements, unlocks, Gacha, and many other key mechanics at the core to maximise user and business engagement.
Travel, South East Asia, and Software Integrations
Introduction of own designed fiat payment architecture, socialised financial services such as peer to peer lending or staking of funds held, and integration into larger business and marketing platforms such as CRM, Mulesoft, and accounting softwares. Expansion into further markets including more US cities, South East Asia, South America, and Europe. Expansion into travel industry with integration to native and third party booking and accomodation services.