Lyves Trustworthy payments despite anonymity Version 2.4.1
1. INTRODUCTION 4 1.1. Blockchain 4 1.1.1. About Blockchain 4 1.1.2. Cryptocurrency 8 1.2. Lyves 10 1.2.1. Our Vision 10 1.2.2. Our Team 12 2. LYVES SPECIFICATION 15 2.1. Tokens 15 2.1.1. About LYV-Tokens 15 2.1.2. Token distribution 15 2.2. Wallets 16 2.2.1. Offline Wallets 16 2.2.2. Online Wallets 16 2.3. Lyves Application 17 2.3.1. Mobile Application 17 2.3.2. Smart Watch Application 17 3. LYVES TOKEN SALE 18 3.1. About Lyves Token Sale 18 3.1.1. Sale Goals 18 3.1.2. Token Sale Parameters 18 3.1.3. Token Sale Bonuses 19 3.2. After Lyves Token Sale 19 3.2.1. Token Sale 19 4. LYVES LAUNCH 20
4.1. Launch Facts 20 4.1.1. Launch Period 20 4.2. After Launch 20 4.2.1. Lyves Wallet 20 4.2.2. Lyves Application 20 5. THE FUTURE OF LYVES 21 5.1. Future Goal 21 5.1.1. Partners 21 5.1.2. Exchange Listing 21 5.2. Roadmap 22
1. Introduction 1.1. Blockchain 1.1.1. About Blockchain Blockchain for beginners Blockchain is the backbone of Bitcoin and most other digital currencies. Ultimately, an openly visible general ledger, which transparently documents all transactions made. This general ledger is not stored centrally, but is stored and updated on many different computers - the so-called Nodes. The decentralized storage and mining process (Note: the mining does not have to occur with every Blockchain) ensures that a Blockchain does not have to be managed by a central authority. The Blockchain can be imagined as a chain of blocks in which transaction data is linked with each other. The transactions are grouped into blocks, validated, and added to the previous chain in a process called Proof-of- Work. The Proof-of-Work approach requires the solving of arithmetic problems, which can only be done by frequent testing. This ensures that sufficient work is invested in the calculation and hedging of transactions. The Proof-of-Work approach is extremely energy-intensive, raising both high electricity and hardware costs, making the attempt of fraud useless. In addition to the Proof-of-Work approach, there are other procedures, such as the Proof-of-Stake approach, in which the proportions (Tokens or Coins) are of a decisive nature rather than the computer capacities.
In the meantime, there are application possibilities for the Blockchain which go far beyond the function of a financial transaction book. For example, socalled Smart Contracts (contracts embedded in a program code) can be stored on a Blockchain, which then are used to handle a wide variety of administrative and process applications. The execution of these Smart Contracts can be tracked in real time therefore, as a further logical development of the Open-Source-Idea, enabling an Open Execution. In this way, sensitive data such as health data or ownership structures (e.g. real estate) can be organized and controlled via Blockchain. At the same time, every entry that has ever been made in a Blockchain directory can be traced forever as well as neither be deleted nor changed. Accordingly, many states and companies are interested in this technology. The main reasons for this are the aspects of security, transparency and increased efficiency. The possibility of automating processes via a secure infrastructure and thereby preventing the risk of data manipulation seems very attractive for many institutions and companies. Where does the Blockchain come from? The history of the Blockchain is strongly connected to the history of Bitcoin. In 2008, the white paper Bitcoin: a Peer-to-Peer electronic cash system'' was published under the pseudonym Satoshi Nakamoto. This white paper presented a concept for a decentralized money system. Finally, when looking at a Blockchain, one can see an aligned idea with the Internet and BitTorrent. These two ideas are decentralized in nature and do not require a central server.
What makes up the Blockchain? Decentralization and Cryptography A core aspect of the Blockchain is its decentralization. Although this can vary vastly, all applications have one thing in common: the Blockchain is not located on a single computer. In addition, cryptographic methods are used which guarantee a high degree of security. Sending Values Directly The Internet makes it possible to send information, but not values. This is exactly where the Blockchain comes into play, as it offers a sufficiently secure infrastructure to send assets or sensitive data without being dependent on an intermediary. In this context, the term peer-to-peer is often used. Inalterability It is extremely difficult to remove contributions once they have been placed in the Blockchain. For this purpose, all nodes on which the Blockchain is stored would have to decide together to manipulate it. Since in the end everyone can build a node, this possibility is nearly to completely impossible. Transparency Depending on the degree of decentralization, a system based on a Blockchain is very transparent. The transactions are trackable in almost all digital currencies. You can see who added which blocks to the Blockchain via the proof-of-work system. The same applies to other data stored on a publicly visible Blockchain. Consensus-Mechanism As already mentioned above, decisions are not taken by a central authority but by the entire network (depending on the governance concept). This form of organization is very interesting from a democratic theoretical point of view, for example, for decision-making, as it helps to overcome participatory deficits and hierarchical forms of organization. Especially private Blockchains, which are subject to certain restrictions, can deviate from the assumptions made here.
Why do so many people care? The idea of decentralization is not only interesting as a political utopia. Rather, the Blockchain can be used to implement various applications that would be difficult or even impossible to implement in a centralized form. Three examples illustrate this: The Internet-of-Things sector is showing strong interest in Blockchain technology, as many different devices interact as equal partners in a network. The Blockchain enables these equal partners to be networked without the need for a central server. In the financial sector, many banks are working with Blockchain due to the fact that banks and payment providers also rely on partially decentralized systems to secure transactions. Smart Contracts make it possible for so-called decentralized autonomous organizations, i.e. organizations whose central management is regulated by automatic processes. In connection with the Internet-of- Things, Smart Contracts enable inter-machine communication without the need for a central intermediary. These examples show that Blockchain challenges traditional business and organizational models.
1.1.2. Cryptocurrency The Beginning In 2009, Bitcoin launched the new era of digital payment transactions. Since then, many other cryptocurrencies have been implemented, the so-called AltCoins. Most of them claim to be a more improved version of Bitcoin, since they can not only be used as a payment method. More than 1,400 currencies are now in use. Encryption Encryption at all levels is the entire base of digital currencies. The assets are secured by the stringent application of cryptography. Each transaction is summarized in a data block and appended to a Blockchain. The Blockchain then is secured against subsequent manipulation by the cryptographic concatenation. Trading Platforms Bitcoin and AltCoins are traded on numerous trading platforms. For their possession, a corresponding payment point (wallet) is required. With this virtual wallet, you can send and receive the cryptic money with the basis of a wallet being a public and private key. Besides the possibility to buy and trade crypto currencies at a current price on special stock exchanges, there is also the possibility to create new Coins by mining.
Market Capitalization According to coinmarketcap.com, the market capitalization of all cryptocurrencies is just over USD 800 billion. The leader, Bitcoin (as of September 2017), accounts for the largest share of USD 287 billion. Ripple, Ethereum, Bitcoin Cash, ''Cardano'', Litecoin, ''NEM'', ''IOTA'', and Dash follow on the list of cryptocurrencies. Troubles One of the biggest advantages of Blockchain is its anonymity, which certainly entails some risks. Nevertheless, this anonymity ensures a lack of trust when conducting a transaction between two parties. E.g.: You want to purchase a service in an online shop. The seller insists on receiving the agreed payment in BitCoins. Since everything is done anonymously, there is no certainty that the seller will follow the agreed upon rules and after the successful payment process, really fulfill the service. If a Bitcoin has been sent, there is no possibility to return the transfer. And that is where Lyves comes in. Lyves has revolutionized anonymous payment (see 1.2.1 Our Vision).
1.2. Lyves 1.2.1. Our Vision "Trustworthy payments despite anonymity" Lyves's vision is simple. Our team wants to make anonymous payment both more trustworthy and much safer. We haggled over a solution for 19 months and finally came to a successful conclusion. Solution 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. This way, we not do only enable a large community of feedback writers but also the possibility to save money. 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. Cashback The buyer has the possibility to 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.
Trust Flow The trust flow results from a specific formula: 100 / (feedbacks/transaction) x (positive ratings) In addition, there is the ratio: (Acknowledged transaction) / (feedback/transaction) The higher the trust flow, the more trustworthy a seller is. In addition, sellers have the opportunity to receive awards by collecting particularly positive feedback. The higher the markup level, the higher the cashback. Marketplace-Platform Cryptocurrencies are as popular as ever. Everybody is talking about them. Nonetheless, despite their celebrity status, how can one use the more than 1400 cryptocurrencies in real life? A few companies have asked themselves these questions and created a first interface. Unfortunately, this idea was only short-lived due to the regulations that followed. We at Lyves are thinking a step further. You want to use your crypto earnings to buy a TV, a new watch or maybe furniture, but you don't want to pay high fees and taxes on these exact profits? Many people are having trouble cashing out their cryptographic assets because they have quite a few trades behind them and do not know their way around tax laws. And that s where Lyves marketplace platform comes into play. Imagine a platform like Ebay or Amazon, but: decentralized and anonymous. Directly use your preferred cryptocurrency, exchange it into our LYV Tokens and you re ready to buy anything the platform or other users offer. Fast, easy and most importantly: Secure. Increased safety through our own functions such as the feedback-function, the trust flow function and various awards. A new marketplace that opens up for the whole crypto community.
1.2.2. Our Team Dr. Arjen Paters Co-Founder & CEO Casper Witt Co-Founder & Office Manager Benny Forsberg Senior Software Developer & Blockchain Engineer
Sabina Schmidt Customer Succes Manager Noah Zeev Chief Operating Officer Feng Zhi Chief Technology Officer
Walter Witten Head of Communication Kevin Wächtler Product Manager Isaac Butler Chief Financial Officer
2. Lyves Specification 2.1. Tokens 2.1.1. About LYV-Tokens The digital Tokens of Lyves. These are the currency in which all transactions are made anonymously on our platform. The Lyves Token Sale tries to bring 90% of the total quantity of all Tokens into circulation. Mining is not possible due to the fact that the system behind Lyves is based on the Ethereum platform. LYV, the Token of the Lyves Network, is a ERC20 compliant Token based on the Ethereum Blockchain. ERC20 defines six different functions for the benefit of other Tokens within the Ethereum system. These are generally basic functionality issues, including how Tokens are transferred and how users can access data about a Token. ERC20 also prescribes two different signals that each Token takes on and which other Tokens are attuned to. Put together, this set of functions and signals ensures that Ethereum Tokens of different types will typically work the same in any place within the Ethereum system. This means that almost all of the wallets which support the ether currency also support ERC20 compliant Tokens. Check out our (LYV)-Token at Etherscan: https://etherscan.io/token/0xa25e2dc97e75b1ab0dd862a6212304207b21f6a6 2.1.2. Token distribution Amount of all Tokens: 300,000,000 Tokens for Token Sale: 270,000,000 The remaining Tokens remain with Lyves for various cashback guarantees.
2.2. Wallets 2.2.1. Offline Wallets Lyves will release an offline wallet directly with the launch enabling you to store your Tokens (LYV). The offline wallets will be available for download on the homepage. These are available for Windows 7 or later and Mac OS X El Capitan version 1.12 or later. On each of these wallets, you get access to your private key. 2.2.2. Online Wallets The online wallets are operated by Lyves itself as well as by third parties. Lyves will integrate its own online wallets into the according app. As in the offline wallet, you have access to the private key and thus the highest security level.
2.3. Lyves Application 2.3.1. Mobile Application Announcement The existing mobile application will be released ten to twenty days after the launch. It will be available for Android and IOS. (Remark: The release of the IOS application is expected to be delayed by max. 30 days) Setup and structure The Lyves app is designed in a very simple and user-friendly manner. All activities will be accessible on the app. This means insight into your own wallet + private key, the sending of (LYV)-Tokens, information about sellers and writing your own reviews. The amounts are given in both (LYV)-Tokens and USD (other currencies will follow with the next update). 2.3.2. Smart Watch Application As the first cryptocurrency ever, Lyves will also offer its own application for Android Smart Watches and the Apple Watch. In the application, it is possible to send and receive amounts quickly and easily. You also have access to your own wallet and the status of your (LYV)-Tokens.
3. Lyves Token Sale 3.1. About Lyves Token Sale 3.1.1. Sale Goals Primary Objective Our main goal is to attract as many people as possible in order to build a large community of buyers and sales based on trust. Thanks to the feedbackfunction and the trust flow, it would be the first completely anonymous network in which trust is given top priority. Goals (Facts) 270,000,000 LYV handed over (Pre-Sale: Maximum 50,000,000 LYV) 100,000 New users 3.1.2. Token Sale Parameters Pre-Sale: March 20. 2018, 00:00 EST - March 27. 2018, 00:00 EST Pre-Sale Goal: Maximum 50,000,000 (LYV)-Tokens Token Sale Start Date: April 1. 2018, 00:00 EST Token Sale End Date: May 1. 2018, 00:00 EST Tokens Issued 270 000 000 Token Exchange Rate: Pre-Sale Token Sale WEEK 1 Token Sale WEEK 2 Token Sale WEEK 3 Token Sale WEEK 4 Minimum Amount Total Sale Goal 6 000 LYV = 1 ETH 4 500 LYV = 1 ETH 3 750 LYV = 1 ETH 3 075 LYV = 1 ETH 2 700 LYV = 1 ETH 0.1 ETH 35 000 ETH Minimum Sale Goal 1 000 ETH
3.1.3. Token Sale Bonuses up to 1 ETH: 10% more than1 ETH: 15% more than 5 ETH: 25% more than 10 ETH: 40% 3.2. After Lyves Token Sale 3.2.1. Token Sale Network Infrastructure: 40% of total budget Product awareness: 20% of total budget Product Development: 40% of total budget
4. Lyves Launch 4.1. Launch Facts 4.1.1. Launch Period Lyves Launch Date: April 25 2018 00:00 EST According to our calculations, Lyves will be launched no later than May 10, 2018. By then, the functional Blockchain will be connected to the wallets and the first transactions will be made. 4.2. After Launch 4.2.1. Lyves Wallet The offline Lyves Wallet for Mac OS X and Windows will be released 10 days after the launch. The online Lyves Wallet will be available on May 20, 2018. 4.2.2. Lyves Application Phone application Android: May 5 2018 00:00 EST Apple IOS: June 5 2018 00:00 EST (can be delayed by up to 7 days) SmartWatch application Android: May 5 2018 00:00 EST Apple watch: June 5 2018 00:00 EST (can be delayed by up to 7 days)
5. The Future of Lyves 5.1. Future Goal 5.1.1. Partners Current and targeted partners Lyves current and targeted Partners: Apple, Facebook, Huawei, YouTube,... Lyves current and targeted Clients: Ebay, Allexpress, Etsy, Alibaba, 5.1.2. Exchange Listing Targeted Exchange Listing until December 2018 Bittrex Poloniex Kraken Binance Etherdelta
5.2. Roadmap December 2015 Birth of the idea. March 2016 Starting Lyves. March 20 - March 27, 2018 Pre-sale runs. April 1 - May 1, 2018 Token-sale runs. May 5-10, 2018 Lyves launch. May - June 2018 Tokens added to exchanges: Binance, Etherdelta. June - July 2018 Coorperation with new partners. Q3 - Q4 2018 Working on having Tokens added to Poloniex, Kraken, Bittrex and others. Q2 2019 Lyves marketplace-platform beta starts. Q3 2019 Lyves marketplace-platform beta finished. Q4 2019 - Q1 2020 Final version of Lyves marketplace-platform published.