Review on LGBTQ Network Foundation by Inioluwa Okedeji
LGBTQ Network Foundation: A Cryptocurrency Project With The Aim Of Utilizing Cryptocurrency And Blockchain Technology To Improve Social Interactions Within The LGBTQ Community Across The Globe.
LGBTQ is a community of people with different sexual preferences. This community in a way keeps its members safe from sexual biases and stereotypical based interactions. And so, the LGBTQ Network Foundation was created to be the bridge between the LGBTQ community and the public hence, creating a conducive social networking community.
The LGBTQ Network Foundation has a a mobile application that consists of amazing features that are not only meant for LGBTQ members alone but for all who cares and respect people's differences. A lot of these features deals with advanced digital technologies that are meant to improve social interactions most especially within the LGBTQ community.
The existence of the LGBTQ Network Foundation also helps improve communication in any language within the LGBTQ community, support different LGBTQ projects that needs to be crowdfunded, provide legal support to the LGBTQ community and also provide scholarships and sponsorships for students within the LGBTQ community around the world.
All the above features were specifically designed to help improve social interactions within the LGBTQ community, thereby creating a conducive social networking community.
Seeing the potentials of this project, I had to visit the official website, Lgbtq network space to know more about the project. One of the admirable features I discovered about the LGBTQ Network Foundation is the integration with blockchain technology. The foundation which will first be integrated with the ethereum blockchain is making future plans to have its own blockchain. This project also aims to use blockchain technology to provide solutions to different issues challenging individuals within the LGBTQ community and people all over the world. This is a great feat for this project because the prowess of the blockchain technology is fast rising and it's being adopted by many existing and newly developing projects. So, I'm glad this project is not left behind in that aspect because the benefits of the blockchain technology are simply too much to fathom.
Another interesting feature I discovered is the rainbow wallet. This wallet is a cryptocurrency wallet where users of the foundation app can safely store their digital assets. The qualities of the rainbow wallet are pretty much the same with other known crypto wallets.
Furthermore, the LGBTQ app will also have its own token, the LGBTQ token. This token will really help achieve the purpose for which this project was established in the first place, by enabling decentralized payments around the world between users and members of the LGBTQ community, it does improve social interactions in a way.
Finally, I see this project as one with the potential to contribute in making the world a better place. To know more about the plans and future development of this project, you can visit the official platform for the project's whitepaper and roadmap.
Updated 4 years ago
Rating changed from 4 to 3
I tried accessing the LGBTQ official website, Lgbtq network space as it is called, but i couldn't access it because the IP address couldn't be found, this is a disadvantage to the project because the members of the public interested in knowing more about this project wouldn't be able to access the platform.
All the same, LGBTQ project is still passionate about acheiveing its goal, and since my last review, some of the events on its roadmap have been executed, a proof of its rather gradual progression towards it goal, but as I've said before, it has jumped some hurdles, but there are still more hurdles to jump before its relevance can be noticed in the cryptospace.
Finally, my inaccessibility to the official website might be due to an ongoing maintenance upgrade or probably relocation to another server, anyhow the case maybe, the developing team should find a way to make the platform accessible, so that the public and other intending investors might be able to observe the project's progress.
Pros
- The LGBTQ mobile app is equipped with an inbuilt crypto wallet, where users can keep their assets safely, send tokens among themselves and also swap their tokens with other tokens.
- The LGBTQ project will have its own blockchain and its own native token.
- Further development on the LGBTQ Network mobile app will allow users to import their seed phrase from other wallets like trust wallet, Coinbase wallet, metamask wallet, blockchain wallet, among others into the platform's rainbow wallet.
- The mobile app of this project is supported on iOS and android devices
Cons
- This project is still a developing one, with lots of upcoming developments and a lot of hurdles to scale before it can be called a successful project.
