Lyves (LYV)

What is Lyves

• With Lyves the buyer have possibility save 50% of the transaction fees if he/she submits a review (min. 50 words to max. 300) after a successful purchase. The refunded money is part of the transaction fee, which is double the usual amount. If no review is written after a purchase, these 50% of the fees will not be refunded, but stored in a pot provided by Lyves. On the first of each month the savings will be paid out to all Token holders and sellers who have already attained various awards.
• “Feedback-Function”. Every buyer has the opportunity to write a review about the completed purchase. The buyer is rewarded with a credit note for each review written for a completed transaction. Thanks to Blockchain, the reviews are stored dezentralised and in an unalterable way. The more positive feedback a seller has, the higher the “Trust Flow”.
• Trust Flow. The higher the trust flow, the more trustworthy a seller is. Sellers have the opportunity to receive awards by collecting particularly positive feedback. The higher the markup level, the higher the cashback.