Lives.One Main idea here is pretty simple, but has an interesting global potential: Nowdays, at Web 2.0 times in contrast to Tim Berners Lee child almost all web-portals initially have near zero own content and all their worth is generated by users activity. I.e. all that time you spended for writing different posts and comments, uploading img or even playing flash game - all _your_ time spent at portal is at the endpoint converted into _site_'s income and webmasters salary. Autors of LVT are sure, that time for them to share a bit has come.
Currently working protorype uses browser to mine lvt proportionally to your actual internet activity and is implemented at Maxthone Browser (not the worst one btw). Mining process, ofc, requires some recources, but cpu load here is much lower than while trying to use mining browsers targeted on computation complexity based blockchains.
BTW, i do not know at what step they are technicaly now, initially all was running over etherium chain, so according to this forum rules it should be called a token, not a coin, and this add should be published in other forum's branch. But the form, they are aiming to, is fully independant blockchain, so i call it a coin and discuss here:)
To try this product you'll need a mining browser (currently is implemented only for Maxthon 5.1.3000), which you should use just as ordinary browser. And you'll need Lives.one account, at current phase you can register there only if you have invitation link. For me it will work as ordinary ref link providing some tiny bonuses. Couple of such links are posted below, each works for 100 referrals, but if it whouldn't work fill free to obtain more at local forum.
Main idea in some more straight english form, took from whitepaper
1. Symbiosism Economy
LivesOne is a new blockchain project that built by Symbiosism Economy Foundation and its technical cooperation team. The goal of LivesOne is to create a new business model based on the blockchain technology - Symbiosism Economy Model. The Symbiosism Economy refers to the symbiosism body that formed by similar resources sharing & different resources complementing between independent economic organizations. The formation of this kind of symbiosism will lead to direct or indirect improvement of resource allocation efficiency within or outside the economic organization. The Symbiosism Economy that created by the LivesOne is a economic symbiosis that aims to achieve mutual improvement and common growth for both users and businesses.
2. The Value of LivesOne
The establishment of the LivesOne is due to Internet user's value has long been ignored. In daily Internet using, users will go through process like account registrating, content creating, webpage browsing, commenting & sharing, online shopping and so on, which all created value. They all increased different website's active rate, retention rate, and even paid conversion, but the user did not get any material reward from it. LivesOne is trying to put all Internet applications together to form a Symbiosism System. LivesOne is the new economic system that built in virtual network. In this system, consumers and businesses formed a ecological circle of Symbiosism System that based on both sides’ mutual interests. In the ecological circle, each entity will be used as an anchor to track its contribution value and credit. And the benefit is obtained in the form of LivesToken(LVT) on a daily basis
according to dynamic algorithm.
3. The Meaning of LivesToken(LVT)
LivesToken(LVT) is the digital tokens issued by the LivesOne(currently launched on Ethereum chain and will be transferred to LivesChain when it’s ready), which is the medium that solves the user value realization problem. LivesToken(LVT) is distributed through Internet applications to compensate the quantified value that users generated from their behaviors and consumed time on the Internet. LivesToken(LVT) is based on the blockchain technology. All data points transactions are recorded by the blockchain to achieve a fair, open and transparent economic ecology. Over the past few years, the development of digital money, represented by Bitcoin, confirms the value of the blockchain technology and the cryptocurrency. It means the Symbiosism Economy can be realized with the LivesToken(LVT) as the medium.
