LIVENPAY

Bitcoin and cryptocurrencies are disrupting the traditional financial model for businesses and consumers alike. Government monetary policies are changing too. Some nation's governmental attitudes toward cryptocurrencies are changing from around the world. Some countries are researching the cryptocurrency, its economy and the blockchain technology behind it for present or future possible use.
Cryptocurrencies are created to work on the shortcomings of the fiat currencies. Currencies that are produced and issued by the government thereby controlled by them. Cryptocurrencies are created on the decentralized blockchain technology that is not controlled by anybody, organization or government.
Cryptocurrencies are used anonymously from any part of the world with no restriction, It is borderless. The cost of doing transactions with the cryptocurrencies are cheaper than the fiat currencies and are much faster in transaction completion. This makes cryptocurrencies transaction more successful. They have low transaction fees compared to the high and various fees charged by traditional banks. Traditional bank's transaction processes and procedures are long and cumbersome with lots of paperwork, especially on the international transaction.
There is a strong momentum around the blockchain technology which is harnessing all aspect of our lives to the crypto economy. The blockchain technology is gradually being accepted by nations of the world as they are beginning to understand and see its importance. The blockchain is seen as the best invention of modern time while the cryptocurrency is seen as an instrument to give power back to the people. Which is why some governments are fighting it but the crypto economy will win at the end.
Cryptocurrencies will ends government sovereignty on the financial institute and monetary policies. The future of money is the cryptocurrencies because the crypto market is free and fair. It allows everyone to indulge in it as an equal party with no prejudice. In the sea of new innovations i will be introducing you to a revolutionary platform LIVENPAY.

LIVENPAY PLATFORM

Liven is a universal rewards network with integrated payment facility aiming to consumerise cryptocurrencies for everyday people by solving these problems. Since 2014 Liven has grown to service 400,000+ users transacting at 1,000+ venues in Australia’s two largest cities, Sydney and Melbourne, with international expansion beginning in 2019 with London, UK and US. Processing millions in payments already, Liven rewards users with our network currency for every transaction they make. Liven is already integrated with a number of key Point of Sale (POS) partners allowing it to reach more than 20,000 venues. The next step in the evolution of Liven is the addition of blockchain to this payment system through the incorporation of an Ethereum ERC-20 token called LivenCoin, or LVN.

LivenPay reveals the needs of people living in the city by changing their understanding of food is a project. When you first enter the project with its own application, your location is determined and the restaurants nearest you are listed. In the project where the advertisements of restaurants will take place during the day, any restaurant can make discounts and attract more customers.

Furthermore, Liven’s decentralised Reward 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, as well as encouraging users to spend LVN back into the network as circulation increases. LVN Tokens earned by transacting can also be donated directly to a charity.

The Liven Ecosystem is comprised of the Liven Platform (a payment gateway with a built-in smart contract token Reward Protocol), users, merchants, e-commerce stores, charities and external token exchanges. The LivenCoin serves a number of utilities in the ecosystem but its main functions are facilitated by the Rewards Protocol which operates between the User’s (via their wallet in the app) and the Merchants when transactions are made.

PROBLEMS LIVENPAY SEEKS TO SOLVE

Uncertainty of value, and lack of consumer centric design make it impractical to use blockchain for business cases.

Blocked Chain
Cryptocurrencies are functionally inaccessible to businesses and consumers for regular use.

Paid Out
Payment networks are not consumer centric and offer little more than utility in the transaction process.

Price Volatility
Market volatility of cryptocurrencies makes them impractical for business operational use day to day.

UNIQUE SOLUTIONS PROVIDED

In April, 2018 Liven announced the launch of its own cryptocurrency and Initial Coin Offering (ICO) to allow its users to pay for their meals using the digital currency — LivenCoin (LVN) — which will replace its already existing internal currency LivenCash.

How it works is very easy: instead of using cash or tapping a card, users pay for their meal in one-tap using the Liven app and 15 to 30% of their bill spend is instantly reimbursed as LVN, which can be used on future purchases, or donated to charity.

Liven’s ICO will see 3 billion LVN tokens made available for purchase at a price of USD $0.015 each, making the hard-cap USD $28 million.

While the goal of cryptocurrencies to date has been to create decentralised payment platforms, that iteration of the blockchain is not compatible with the way that the everyday consumer spends money.

About The Ecosystem

Live platform (payment gateway with default gift algorithm and smart token contract),

consumers,

goods seller and service provider

e-commerce store

charity organization

external exchange token.

BENEFITS

Australians have been pioneers when it comes to cryptocurrencies, with three licensed exchanges, established tax systems, favourable regulation, and multiple successful initial coin offerings (ICOs).

Bitcoin and Ethereum will soon be sold out of 1200 newsagencies across the country, while almost 3000 Bitcoin automatic teller machines will also be powered up later this year. Additionally, there has even been discussion around the Federal Government creating its own cryptocurrency.

But contemporary cryptocurrencies have their short-fallings. Extreme price volatility and a lack of adoption by merchants and consumers still loom as barriers towards crypto becoming reliable mediums of exchange for purchasing goods or services continue to rise.

That is where the Liven integrated payment facility comes into play, providing a stable and reliable method for consumers to pay for their everyday dining experiences using the blockchain.

For Merchants

The challenges to get Australians to adopt cryptocurrencies are largely eliminated through the LVN token system.

Users and merchants can pay and accept payment through a dual market system, where traditional payment methods can be combined with the Liven platform.

That means you can pay for your meal using LVN only, credit or debit card only, or a combination of the two.

Merchants aren’t locked into receiving their revenue as LVN, they can elect to receive the payments as fiat currencies (legal tender) — no matter how the customer paid their bill.

It is a model that is flexible and insulated from the manipulation and volatility that cryptocurrencies like Bitcoin and Ethereum currently experience.

Liven knows that most Australians aren’t interested ‘re-learning how to use money’. Playing to this notion, the LVN token system removes the complicated nature of using currencies like Bitcoin while also providing options to merchants to receive funds the traditional way, or the cryptocurrency way.

With the imminent launch of our new cryptocurrency, LivenCoin (LVN), Liven‘s sights are set on global expansion, and international travellers are set to reap the rewards. Liven’s Ethereum ERC20 coin will be powered by blockchain technology, allowing for a transparent, public ledger that makes transferring money and buying food overseas a seamless transaction.

Already a pioneering dining rewards app within the Australian hospitality market, with more than 1,000 businesses and over 200,000 consumers on board, the natural next step for Liven is to take our successful model overseas. Plans are in the works to launch the platform in the US and UK, with Liven poised to stake its claim on the $US3.5 trillion global hospitality market, as detailed in the forthcoming Liven whitepaper.

USE CASES
Liven Platform presents a strong use case for blockchain technology and a liquid token economy.

A Global Rewards Currency
LVN will play a pivotal role in the Liven Platform as both a medium of payment and the medium of incentive. Liven currently exists in fiat form as a rewards-based payment technology where users earn an internal network currency.
Trustless & Transparent Rewards Protocol
Some of the major advantages of blockchain are the transparency of the public ledger, and the ease with which value can be transferred between individuals.
Socialising Peer-to-Peer Finance
Incorporating blockchain technology into Liven’s Platform makes it possible for users to easily send currency, split bills, and share rewards - making peer-to-peer sharing simple.
Use of LVN by Third Parties via LivenPay API
Liven plans to create a payment gateway SDK that can be deployed by third parties directly into their own applications and websites, allowing LVN to be spent and earned during the checkout process. When a consumer makes a purchase through these third party platforms and comes to the checkout phase of the transaction, they will be given the option to pay with LivenPay in a fashion that is reminiscent of paying with PayPal.
Platform Exclusives to Drive Demand
Within the Liven Platform and its network, capabilities exist for strategic events or timed promotions that limit the purchase of system exclusive offerings - such as event tickets or unique menu items - only to holders of LVN tokens. For example: a Liven partner restaurant might create an exclusive ‘Liven Burger’, a unique menu item that will only be served for one week.
Gamification
Habitualization is a powerful force and one that is important for any type of platform where repeat usage is critical. Gamification elements improve user retention and engagement through habitualization, and can be used to entice users to transact more frequently, leave reviews of their experiences, post pictures of our merchant partners and their food, or refer others to the service - behaviour that has benefit for the entire Liven Ecosystem.