In our previous video, we told you about LOVE.
A new crypto project that is very trending right now. In one month, the search volume has exceeded one million on Google. Everyone is interested in this project. All over the world, people are waiting for its launch. So, why are so many people interested in this cryptocurrency project? Well, it's because there's a real project behind it. The team is building something really serious. And the good news is that this crypto will be launched on PulseChain; the future largest blockchain in the crypto space.
This video is a continuation of our previous video. Today, we're going to talk about other features of LOVE. In particular, its marketplace, Lovefy search network, and many other interesting features.
So, watch this video till the end so you don't miss anything.
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Now, let's get started.
As usual, let's start this part of the video by explaining what LOVE is for all those who have discovered this project through this video.
So, is a peer-to-peer cryptocurrency that monetizes social interactions on social media, eCommerce, and gaming.
The LOVE cryptocurrency is designed with numerous strategic technological advantages as opposed to many other contemporary cryptocurrency and payment gateways. The blockchain and cryptocurrency technology is built on PulseChain, an hard fork built on Ethereum. The code is stress tested and upgraded to a proof of stake consensus algorithm providing fast and ultra-cheap transactions. LOVE will have 3 second block times and cost less than a penny per transaction. It will be environmentally friendly with 99% less energy consumption.
Now let's talk about these LOVE features.
Number 1: Monetary gifts
WeChat red envelope (or WeChat red packet) is a mobile application developed by Chinese technology company Tencent. The concept, also offered by its market competitors Alibaba and Baidu, is based on the Chinese tradition of hongbao, where money is given to family and friends as a gift. The application was launched by Tencent in January 2014 and has subsequently gained popularity, with Tencent reporting 2.3 billion transactions on 1 January 2016 alone.
Sending monetary energy or "money alone", is not appreciated especially in western cultures. Gifts are more appreciated with some thought as we say. In the past, we have solved this by giving Gift Vouchers, etc which in reality is "locking" in the receiver to spend the monetary energy on one specific business. Sending LOVE changes this.
"Blitzscaling" a network is to have something in a name, platform, or concept that increases the users in the network "by itself" without the need to educate or acquire new users to join which leads to slow down adoption. Bitcoin and cryptocurrencies, in general, have experienced this great challenge and prevented mainstream adoption. Success for social networks came through the implementation of "friend requests" from users' own trusted networks outside the platform. New users don't decline a friend request from a person they know. If the request was from someone the user didn't know or from the platform itself the user would most likely not join.
The same counts for PayPal and co-founder Peter Thiel describe that the first real success of PayPal was when introducing emails to send funds. Users already inside the PayPal network attracted new users outside the network through email requests, which led to the network growing exponentially with new users.
LOVE, as a name for a cryptocurrency, has the same built-in network increase mechanism. The network will blitzscale similarly to LinkedIn, Facebook, and PayPal. Users in the network who receive LOVE from people they know will most likely not decline the LOVE and automatically follow by downloading the wallet, which will in turn make the network grow. They will then bring new users by using new peer-to-peer LOVE interactions with other people in their extended network.
The LOVE blockchain protocol brings real value to its users. It helps users to interact in various ways – sending LOVE with monetary amounts in private messages, posting LOVE QR codes to receive LOVE from followers, etc. LOVE allows users to send monetary value peer-to-peer on social apps, plugins, and official cryptocurrency wallets.
Utilizing the speed of transactions through our technology creates a peer-to-peer value exchangeability across social media platforms but also takes away crypto volatility since LOVE can be immediately exchanged into any fiat currency via AMM SWAP functionality in the Lovefy app.
At its core, LOVE is used for incentivization, engagement, micro payments, cross-promotion, partnerships, referral commissions, and more. The value of LOVE will reflect the network growth.
Now, do you want to know How will LOVE cryptocurrency increase in value?
Well, before we tell you, let us know in the comments what you think about LOVE. Also, be sure to like and share this video around you.
The price of LOVE will essentially increase as the network grows. You need to understand how it works. The more users there are, the higher the price of LOVE will be. This brings us to the next point.
According to Metcalfe Law, the value of the network increases with the growth of the network. Great examples include PayPal, Facebook, and Linkedin. Cryptocurrencies are another example of Metcalfe Law.
With LOVE interactions between users, the network will blitzscale in the same way as Linkedin, Facebook, and PayPal. Users in the network will bring new users in by using peer-to-peer LOVE interactions.
More users mean an increased value for everyone in the network allowing everyone who holds and "spreads" LOVE to benefit from its growth in equal proportion to their contribution in an increased token price.
Actually, it is quite simple.
The project offers several use cases in several aspects. So, naturally, the number of users will increase, and this will increase the price of LOVE.
Lovefy has created a global influencer search engine with target audience data and monitoring for brands and businesses interested in selling through social networks. Lovefy currently has a database of over 1 million influencers in 89 countries. The world's first global social shopping network – Connecting you with 1 million+ influencers with the world's famous brands powered by LOVE Cryptocurrency.
 As far as the LOVE marketplace is concerned, lists over 100,000 products and loved brands such as Burberry, Calvin Klein, Christian Dior, Dolce & Gabbana, Elizabeth Arden, Giorgio Armani, Givenchy, Gucci, Guerlain, Hugo Boss, Jimmy Choo, Ralph Lauren, Versace, Yves Saint Laurent for every purchase, customers receive Cashback in cryptocurrency. LOVE tokens are exchangeable to various cryptocurrencies, or VISA/MasterCard.
We have explained this point in our previous video. We invite you to watch it to better understand what we are talking about. The link is in the description.
Number 7: Let's summarize this video with the different use cases of LOVE.
LOVE will offer the opportunity to stake with a very attractive APY. At the moment we don't have enough details about this, but we will update you as soon as possible.
Then LOVE will offer Micro tipping and donations to influencers and streamers through QR codes and peer-to-peer wallet addresses.
LOVE will also offer Micro tipping to artists and content creators - LOVE can be stored or minted to support your favorite NFT artists and content creators.
LOVE will offer cashback and loyalty rewards. This means that users will receive LOVE in cashback and loyalty rewards for purchasing products on the Lovefy marketplace. This is a global influencer and social shopping search engine that currently has a database of over 1 million influencers in 89 countries.
As you can see, there are several use cases for LOVE. And some of them have not even been mentioned in this video.
LOVE is definitely the project not to be missed. And you have the opportunity to participate from the very beginning. The sacrifice phase is still going on. So now is the time to enjoy it before anyone else.
If you want to know more about LOVE, tell us in the comments. We'll be happy to make another video for you.
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