I. About LoMoCoinhttp://upload-img.lomocoin.com/news-57ce369a08d087fc3192d732/14731321874109.jpeg
LoMoCoin launched on April 18th 2016 and started overseas promotion from early September.
LoMoCoin is the world's first block-chain digital currency system thriving on LBS and mobile Internet.
LoMoCoin marks the first mobile app attempting to bring together offline shops'
demand for human traffic directing, player participation in entertaining games, and block-chain digital currency.
The brand new LBS treasure hunting model says goodbye to the traditional boring experience and makes the hunting process more interesting.
The app enables players to explore on the map and in reality to get LMC and special offers from shops,
and shops to win the high-value O2O traffic created by players, bridging between players and shops for
value exchange and traffic monetizing in a different way.
=====================================================================================II. Highlights of LoMoCoin
1)It is a block-chain digital money system supported by LBS game and actual business credits.
2)It is the world's first mobile LBS app with built-in block-chain crypto-currency system.
3)LMC is available to be traded publicly at a third-party market(yuanbao.com) now and can be exchanged at any time.
By following clues to hunt the treasure, players can be directed to shops, thus building a LBS ecosystem step by step.
=====================================================================================III. LoMoCoin Parameters and Issue Patterns
Chinese Name: 邻萌宝(Lin Meng Bao)
English Name: LoMoCoin
Short Name: LMC
Currency algorithm: POW to POS
5% for annual
Transfer fee: 0.0001LMC default
Block time: 60 seconds, to be reduced in further update
Issue date: April 18, 2016
1. Issued for free in the game:
600 million (60% of the total) issued in two years,
including 240 million in the months 1-6; 180 million in the months 7-12; 120 million in the
months 13-18; 60 million in the months 19-24.
2. Given to angel investors:
150 million (15% of the total),
locked for two years from
April 18, unfrozen evenly in 8 seasons.
3. Used for market promotion, third-party cooperation incentive, and building of external
50 million (5% of the total)
4. Initial Coin Offering: 100 million (10% of the total). ICO has been successfully held at the
beginning of June.
5. Held by the development team:
100 million (10% of the total)
, paid for block chain
network, server system, team salary, internal incentive, etc. Locked for two years from
April 18, unfrozen evenly in 8 seasons.11/10/2016 Update: LoMoCoin Supply
(See details in chart) * Round data
|Usage||Initial distribution (million)||Proportion (%)||Reduction (million)||Distribution after reduction (million)||Distribution after reduction (%)||Remarks|
|1. Angel investors||150.00||15.00%||70||75.00||26.88%||75 million reduced|
|2. ICO||100.00||10.00%||106.00||37.99%||6 million as bonus,expend form POS interests|
|3. To be issued for free in APP||600.00||60.00%||550.00||50.00||17.92%|
|3.1 Issued||27.50||2.75%||27.50||9.86%||12.5million transferred,15million left|
|3.2 To be issued||572.50||57.25%||550.00||22.50||8.06%|
|4. For marketing & promotion||50.00||5.00%||30.00||20.00||7.17%|
|4.1 Paid||12.34||1.23%||12.34||4.42%||For market promotion/channel cost/social media/legal services/tax services|
|4.2 To be paid||37.67||3.77%||30.00||7.67||2.75%|
|5. Official team/foundation||100.00||10.00%||90.00||10.00||3.58%|
|6. POS interests generated||0.00%||18.00||6.45%||Subtract 6 million bonus from 24 million POS interests generated|
Initial LMC supply: 1billion
Current LMC total supply: 2.81~2.82 billion (including POS interests)11/15/2016 Update: Locked supply
Angel investors : 3/4 of 75 million
Official team : 3/4 of 10 million 11/10/2016 Update: LoMoCoin wallet upgrade
Set 5 new levels of POS package interest bonus.
With larger coin age, returns more POS interests.
Download LoMocCoin wallet of latest version: http://lomocoin.com/english/html11/download_qt.html
|Level||LMC engaged in POS||Annual POS interest rate||Annual LMC interests (Estimate)|
There are two versions of LoMoCoin. The iOS version can be downloaded from Apple App Store. ( China, at present, more countries will be supported this year leater)
The Android version can be obtained from China's major Android app stores (Google plays is on the way) and our official website.
LMC block-chain query: http://explorer.lomocoin.com/
LMC block-chain wallet download: http://lomocoin.com/html/download_qt.html
LMC open source code: https://github.com/lomocoin/lomocoin-qt
LMC white paper download: http://www.lomocoin.com/LoMoCoin(LMC)%20White%20Paper.pdf
=====================================================================================V. Markets and Exchanges supported:
General Queries: email@example.com
QQ Group Chat 1: 546464406
QQ Group Chat 2: 224779379