Review on LivenPay by Robiul Islam

Name: LivenPay
Item: LivenPay
Rating: 3

December 18, 2020

A universal rewards network with coordinated payment facility.

It gives a answer for the spanning the utilitarian hole among cryptographic money and consumer to business transactions via flawlessly coordinating a reward based token economy into a market driving buyer payment and steadfastness platform.

At present it works an payments ecosystem that rewards clients for each transaction they make inside the network of Liven merchants. A client buys a meal by covering their bill through the versatile application through a connected credit or debit card. Upon payment, the client quickly gets a level of their bill as a reward, procuring a credit which they can, as of now, give to an assigned cause or keep in their wallet.

If the spending assessment of the token inside the application is higher than the expense for which it is available distantly, a splendid customer could buy LVN tokens effectively on the external market, move it into their wallet in the stage and subsequently acknowledge suppers at a restricted expense, as the internal expense of the token would then be higher than what they paid for.

In general, it has been shown to be productive in Australia, with a solid and equivalent environment. This model can be duplicated in various countries as Liven offers a response for a comprehensive need food. As more individuals purchase and participate in ordinary LVN utilize around the world, it will simply add to the advancement of Liven.
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Pros

LivenPay presents a solid use case for blockchain innovation and a fluid token economy.
It assume a urgent part in the Liven Platform as both a medium of payment and the mode of motivation.
It uses a shut circle payment network as a feature of a technique set up to profit merchant accomplices.
It's openly obvious Reward Protocol and Cache implies the estimation of the LVN cost inside the network is consistently straightforward and certain against the Reward Cache balance.

Cons