Today we're going to talk about this new crypto-currency project called LOVE.
We've already made several videos about it, including the sacrifice phase that's going on right now, and many other things.
So, in this video, we're going to bring a lot of other important stuff like the details about its features, and many other things you need to know about LOVE. So, from donations to influencers to the marketplace, these are the important things you need to know about LOVE.
Watch this video till the end so you don't miss anything.
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Number 1: What is LOVE?
Love.io is a peer-to-peer cryptocurrency monetizing social interactions on social media, e-commerce, and gaming. Use cases allow businesses, brands, influencers, and customers to connect peer to peer and to interact and incentivize online shopping, reviews, referrals, engagement, and all other activities that are very relevant to any brand or business in the world today.
As we said in the previous videos, LOVE will be launched on the PulseChain Blockchain. So, once the PulseChain mainnet is launched, LOVE will be launched directly after. But you can already participate in the project by taking part in the sacrifice phase that is currently underway.
Number 2: Donations to Influencers and live Streamers.
LOVE has set up a system that will benefit everyone. Even you can benefit from it. Are you curious to know what we are talking about?
Well, micro tipping and donations to influencers and live streamers have become incredibly popular in recent years, with most streamers appearing on YouTube and Twitch. Many content creators have managed to make a living from micro-payments from their followers via Twitch Bits, YouTube Super Chat, Super Ticker, Patreon, and more. The challenges for most streamers and content creators are both the high commissions charged by centralized platforms and the censorship or "shadow banning" policies that can remove the ability to receive donations.
Bitcoin has been an alternative in the past for receiving donations, but many streamers were experiencing difficulties due to high transaction costs and slow confirmations between users. However, LOVE offers very different advantages.
Actually, the LOVE crypto-currency will have some fundamental advantages over many other crypto-currencies or payment gateways that exist within the blockchain. Not only is the name for sending and receiving "LOVE" more appropriate, and a universal language associated with human emotion, LOVE will have block times of 3 seconds, and gas charges will be less than a penny. That's great, right?
In addition, sending LOVE peer-to-peer via wallet addresses and QR codes will become the next unstoppable natural alternative for many influencers and streamers to receive donations. There are many other important advantages that you should know such as the fact that the user does not need a local bank account to accept LOVE, and will be able to receive donations from anyone, anywhere in the world. It does not have high commissions, transaction fees, or hidden costs, and the user can easily do an AMM swap to any cryptocurrency or fiat currency of their choice in the Lovefy wallet.
Number 3: Micro Tipping to NFT artists And Content Creators.
LOVE can be stored, and minted in support of your favorite NFT artists and content creators. By sending LOVE in a decentralized peer-to-peer model through micro tips and donations via wallet addresses and QR codes, new opportunities are emerging to solve the major problems that all content creators have faced since the inception of the creator economy. Being a content creator or beginning artist can be extremely difficult at first, often we see no support around revenue.
For example, even though the NFT artist "Beeple" had a large following and fan base, it took 5,000 days of hard work and no revenue before he earned $69.7 million on a single piece of NFT art. Using LOVE, the wallet addresses between the parties could have been stored on the blockchain. "Beeple" could have received micro-tips and donations from his fans and followers every day, for 5,000 days.
By using LOVE, artists and creators can promise in the future to reward early supporters and fans with special editions, future fan-only access, etc. to the wallet addresses that supported the content creator in the first place. This model not only supports your favorite artist but also increases the value of your wallet address if the artist, for example, decides to create an NFT that includes specific benefits for your unique wallet address.
This paradigm works for any content creator; anyone can send LOVE and support an artist, content creator, streamer, or political cause. An individual can even sponsor a 10-year-old Brazilian soccer player who has scored 10 goals on YouTube and could become the next superstar of the sport.
By sending LOVE your wallet address may become worth a fortune in the future. The blockchain never forgets the LOVE and support.
Number 4: Incentivize Reviews and Donations.
LOVE can be seen as the universal energy that is ubiquitous amongst all human cultures, which in turn has the potential to create the largest and most valuable network in the world. Not only does the word "LOVE" entice users to utilize the currency, but there are many other advantages to sending monetary value with the LOVE cryptocurrency. Receiving a monetary amount in LOVE through QR codes makes Tipping and donations more genuine.
Another example using monetary energy alone is harder for a business to incentivize good reviews through micro tipping for example. Sending LOVE cryptocurrency between business and customer can be communicated even without the monetary amount. It is the “thought” that counts first of all.
Number 5: Online Shopping
You can buy LOVE and get your brand or product promoted. Lovefy.com is building a global influencer and social shopping search engine currently with a database of over 1 million influencers in 89 countries. Companies, brands, and businesses can search for influencers that are targeting their audience locally or internationally to get their business promoted. Influencers can either earn in LOVE or be paid in any fiat currency of their choice. Whether it is a multinational brand, Shopify shop, local shop, or business, business entities can utilize influencer marketing or social shopping campaigns with LOVEFY SEARCH.
Want to know what other features LOVE has? 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. Everyone needs to discover LOVE. Especially with the next features, we are going to talk about, you will fall in love with LOVE.
Number 6: Cashback & Loyalty Rewards.
You can easily earn Cashback and LOVE cryptocurrency. Lovefy.com marketplace displays today 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.
At the moment, we can't say how many specific chips you'll be able to earn by spending a specific amount of money, but we think it'll be pretty huge. And then you can simply compare the value of LOVE to see what you've earned. Isn't that great?
Basically, you just buy your product, and you get a certain amount of crypto that you could exchange for cash.
LOVE tokens are exchangeable to various cryptocurrencies, or VISA/MasterCard.
You can also use it to buy other products on the platform.
Do you want to know other features of LOVE? Well, in the next few days we will publish another video in which we will talk about other features of LOVE, especially the marketplace, the Love.io platform, and how the project is attracting more and more people.
We will also talk about how the team has built a strong network for the project and many other important news. So, subscribe to the channel and turn on notifications so you don't miss this video when it's released.
We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.