Lyvely, a SocialFi platform that is transforming the creator economy, is set to launch an ambitious $3 million airdrop campaign to reward early adopters and creators. With support from investors like Phoenix Group and Cypher Capital, Lyvely will distribute 20,000,000 LVLY tokens as part of this initiative, targeting a community that is eagerly embracing its innovative Web3 features.
Operating on the BASE network, Lyvely integrates Web3 tokenization within a Web2-like interface to ease the transition for users familiar with traditional social media platforms. The LVLY token, which is central to Lyvely’s ecosystem, is scheduled to be introduced in the fourth quarter of 2024, priced at $0.15 per token during the token generation event (TGE).
The strategic direction of Lyvely is led by co-founder Dave Catudal, who highlights the platform’s dedication to the growing freelance and creator market. Catudal emphasizes, “The LVLY token is essential to Lyvely’s vision. Our airdrop campaign aims to build a thriving ecosystem where all participants can benefit.”
Bill Qian, Chief Investment Officer at Phoenix Group and Chairman of Cypher Capital, recognizes the potential impact of blockchain technology on the creator economy. Qian states, “Blockchain plays a crucial role in enabling fair monetization for all digital creators,” underscoring the significant role that Lyvely is poised to play in this transformative era.
Lyvely Airdrop Structure and Phases
Lyvely’s airdrop campaign will unfold in two phases, each distributing half of the total token allocation. The first phase, starting on August 19th, rewards users for basic interactions like setting up accounts and engaging with content creators. The subsequent phase, commencing on September 16th, focuses on more complex tasks such as building communities and referrals, aimed at enhancing user engagement and platform loyalty.
An interesting aspect of the LVLY token distribution is its structured unlocking schedule, designed to stabilize market prices after launch. Token recipients will have 20% of their holdings released at TGE, followed by a six-month daily linear vesting schedule facilitated by Lyvely’s partner, Sablier.
Bridging Web2 and Web3
To bridge the gap between traditional and decentralized networks, Lyvely has partnered with leading FinTech firms to simplify the digital wallet experience. Users can create wallets using social logins and manage their LVLY tokens directly from their profiles, making cryptocurrency transactions more user-friendly.
Lyvely’s efforts are validated by a full compliance license from RAK Digital Assets Oasis (RAK DAO) in the MENA region and a high rating from Hacken’s smart contract audit, ensuring that security and usability are top priorities.
As Lyvely prepares for its TGE, its focus on user-friendly features and strong security measures positions it as a leader in the evolving SocialFi landscape, promising a seamless integration of social interaction and financial empowerment for creators worldwide.
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