Feb 27, 2019
2 min read
LVN tokens have been available for purchase in the LVN Private Pre-Sale since its launch in May 2018 at our now legendary “Block Party”. And now, the sale of LVN tokens is to be opened up to the public with enthusiasts, Liven users and fellow believers in the everyday use and mass adoption of cryptocurrency & blockchain technology able to get on board.
LivenPay is excited to launch the Public LVN Token Sale, beginning on 28 Feb.
LVN is Liven’s borderless network currency, it is a blockchain utility token to be launched on the Ethereum network under the ERC20 Token Standard following the public sale.
The LVN Token Sale is an important step towards not only continuing towards our core goal of offering Liven users a seamless dining rewards experience, but also in realising our vision of expanding the Liven Platform and the adoption of cryptocurrency and blockchain technology. Perhaps the best thing about the LVN Token is the overwhelming interest and support we have received from outside of the Liven office during the private sale.
The Token Sale offers a total of 3 billion (30%) of the total 10 billion LVN tokens, with a total sale value of US $28 million. The private sale has been open to stakeholders, businesses and applicants via the livenpay.io website and has been a great success - we are thrilled to have surpassed our soft-cap of US $10 million during the private sale.
We are proud that, unlike many blockchain projects, the LVN tokens are backed by an existing digital payment network of over 1000 brick-and-mortar businesses as well as an existing consumer base of over 400,000 people. This rapidly-expanding network imbues LVN tokens with exciting and unprecedented utility for Liven users, merchant partners and other token holders - with each and every LVN token having intrinsic purchasing power within the Liven network. As such, we have dedicated approximately US $8.4 million of the funds to be raised through the sale of LVN tokens to our spending and rewards program.
We are currently working on expanding the Liven platform into Auckland, London, New York, San Francisco, Austin and many more cities, and are driven in these goals largely by the knowledge that our evolution towards cryptocurrency will help bring the benefits of blockchain technology into the everyday lives of people around the globe for the first time. As such, approximately US $19.6 million of funds raised through the Token Sale will be allocated towards facilitating this expansion and the continued development of our cryptocurrency gateway.
See the full break-down of funds usage in Section 6 “Use of Funds” in the LivenPay Whitepaper.
We would like to thank everyone who contributed to the private pre-sale and look forward to opening the public sale on 28 Feb 2019. We eagerly invite anyone who is interested in participating to register at the livenpay.io dashboard.
The public sale is open to everyone, provided they pass our standard Know Your Client (KYC) and Anti-Money-Laundering (AML) checks upon application. Australian citizenship is not required to contribute to the Token Sale, as long as the individual contributor’s state or country allows participation. The smart contracts for the LVN token generation event and crowd sale contributions are viewable from Liven’s public Github (https://github.com/livenpay).
Registrations for the LVN Token Sale Dashboard are open now. Referral bonuses and Tranche bonuses are available as per this Helpdesk Article.
Any questions can be directed to any of our social channels, discussed in our Telegram or may be answered in our Token Sale Helpdesk.
Strategic Private Sale requests will remain open via the Token Sale dashboard.