🔧Token Utility

Lyvely's token facilitates the seamless integration of digital assets into the everyday social interactions of individuals. Through the amalgamation of Web2 user experience with the advanced monetization and tokenization features of Web3, a fluid bridge to Web3 has been established for a broad community of global creators and freelancers. Within the transparent and trusted Lyvely ecosystem, the position of the $LVLY token as the preferred choice for the expansive global creator and freelance economy. This vision extends to serving the billions of fans and followers actively engaged in supporting this dynamic ecosystem.

Token Utility Examples

The $LVLY token is there to serve the sole purpose of enhancing the user experience. Creators, viewers and stakeholders who interact with the app naturally can earn digital assets through adding value. This is to incentivize the community to grow and add Network Effect to the platform, and add the monetization and engagement tools for the creator-viewer experience.

Example A - Fiat Monetization

Lyvely empowers creators to monetize their content directly on the platform through fiat payments. This traditional payment method involves the use of established banking and payment processing systems. While this provides a familiar transaction method for viewers and consumers, it's important to note that relying on conventional financial intermediaries can introduce delays and incur significant processing fees. These fees are often a result of exchange rate differences, remittance charges, and other financial services costs. Lyvely's approach to fiat monetization ensures creators have a direct and flexible channel to generate revenue, though it acknowledges the potential financial inefficiencies inherent in traditional banking transactions.

Example B - Web3 Monetization

Through Lyvely's Web3 monetization strategy, creators can offer their content behind a paywall with the innovative option for viewers to use digital assets, such as the $LVLY token, for payment. This system bypasses traditional financial intermediaries, leading to faster, more secure transactions with reduced processing fees.

Additionally, Lyvely's Web3 infrastructure provides global access to financial transactions, overcoming geographical limitations associated with fiat currency, thereby broadening the scope for viewer engagement and creator monetization on a worldwide scale.

Share and Earn Rewards

Stakeholders could earn rewards to community building efforts.

1. Share content

Sharing content with new viewers could result in earning rewards as $LVLY token. Given that new viewers come on to the platform this will increase the Network Effect, generating Recognition Value, which will yield Monetization Value later, bringing long term value for the platform, and to the token.

2. Share reviews

Sharing reviews, or creating reviews increases engagement and naturally moderates the content on the platform, increasing the quality the creator and viewer experience.

3. Share ads & affiliate links

Advertisers, affiliates and sponsors will be a major stakeholder for the usefulness of the Lyvely ecosystem. Sharing ads or affiliate links will satisfy the third party sponsors, incentivising them to sponsor more content on the platform, increasing Monetization Value for creators, which then incentivizes more creators to come to the platform, bringing their communities in, which will yield Recognition Value.

Transact and Earn Rewards

Lyvely is a Super Media Application that seamlessly integrates content and monetization. Through the ecosystem transactions Lyvely will incentivize users to use the $LVLY token for the creator, and the user.

This could be a reduction in processing fees, incentive to accept $LVLY through decreased commission rates for the platform through content hosting, paid content, and affiliate links.

1. Fees

Certain fees on the Lyvely platform must be paid in $LVLY tokens. This fee can either be paid directly in $LVLY token, or Lyvely will automatically swap the actual purchase currency for $LVLY on the open market. Note that there is no entitlement, allocation or rights to revenue of the Lyvely Platform purely on the basis of ownership of $LVLY tokens.

2. Staking

LVLY tokens received as part of the fee capture mechanism above will be sent to the “staking rewards pool”. At regular monthly intervals, this pool will be distributed proportionally between all users who are actively staking their $LVLY tokens on the Lyvely Platform. A user’s rewards will be proportional to the amount of $LVLY they have staked during the month, relative to all other active stakers. Staking will be activated a few months after the token launch. Note that staking reward terms may be subject to change via protocol governance or a similar process. Staking will begin once it has been added to the protocol.