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Author Topic: [ANN][LMC] LoMoStar - First built-in Cryptocurrency LBS Entertainment App  (Read 43688 times)
lomocoin
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September 06, 2016, 03:17:11 AM
 #1





First LBS based Cryptocurrency in the World!

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LoMoCoin is the world's first block-chain digital currency system thriving on LBS (Location Based Services) and mobile Internet and marks the first mobile app, named LoMoStar, 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.



Latest Updates

[Feb. 19 2018] We are happy to announce that we have expanded our international team. Find out more about our new team members and their tasks in the following article. [Article]

[Feb. 15 2018] Watch our LoMoStar Office Tour (Part I - Kunming) with some interesting interviews! [Event Detail and Video]

[Feb. 14 2018] From February 16th, 2018 until February 22nd, 2018, a total amount of 10,000 LMC, 2,000,000 AiLink, 50,000 RUFF, 20,000 DCON and 30,000 RED tokens will be airdropped within the LoMoStar application! [Event Detail]

[Feb. 04 2018] Between February 06th, 2018 and February 24th, 2018 each new registered user will be credited with 100 AiLink to their LoMoStar app wallet! For each new user that existing users succesfully invite via a referral code, they will receive 100 AiLink tokens as well. [Event Detail]

[Jan. 27 2018] World's first blockchain docu-series took one year of filming around the globe, featuring renowned figures such as, Vitalik Buterin, Tim Draper, Charlie Shrem, Jed McCaleb, Roger Ver and our very own CEO, Fei Xiong! [Video Trailer]



About LoMoStar




LoMoStars’s vision is to build a new ecosystem around the geographic location and information of people and integrating it with blockchain technology. The project started off in the end of 2015. In April 2016 we released our first product (v1.0) in China through a Proof of Stake (POS) mechanism and completed a mobile app that provides offline to online (O2O) marketing between businesses and users. This interaction is based on the user’s position on the map. Currently, more than 300.000 users have used our app in China. In October 2017 v2.0 of the app was released for Android and iOS with currently ~30.000 users.

For the future of LoMoStar (LMC) we are working on many things. These include some new application models, such as a social economy based on the location of users and mini Asset Backed Securities (ABS) (i.e. payments derived from and collateralized by a pool of underlying assets), based on the geographic location and intelligent contracts between users. Furthermore, we are also focusing on forming many new and innovative architectural design, for instance, by combining blockchain solutions based on user’s geographic location and information and connecting it with the Internet of Things (IoT). This will form a whole new branch within blockchain technology and will be a major upgrade for what is currently being provided within the industry. We are currently still at the experimental stage of many of these new solutions and more updates about this will come later on.



The role of the tokens in the LoMoStar project


As mentioned before, the LoMoCoin blockchain will be a multi-format ecosystem, which uses the geographic location and information of users. LMCs will be used as pricing for various assets and as a value transfer method in various applications of our blockchain. For the social economy applications, LMC is responsible as a payment method for products and services in the social network of our location-based services (LBS). With regard to the mini ABS, LMC will become the way for transaction and settlement of pricing units and chains. Additionally, we as a company are responsible for the rights of using these business advertisements and data that is being gathered as a driving force for users to interact with businesses through the O2O advertisements in our app.

With regard to the valuation of the current scenario, different valuations and judgments originate from different understandings of the nature of blockchain technology and its potential commercial value within various sectors. No matter how others evaluate this technology, we have great confidence and enthusiasm about our project and we are certain that we will leave are mark in history. This is just the beginning.



Roadmap




We are currently working on an updated Roadmap with future goals which will be provided soon. In the foreseeable future we will integrate an OTC trading funcion in the LoMoStar app and release a new wallet. In addition, we are currently working on many other projects to expand the LoMoStar ecosystem. Below are some of these projects.




In comparison with our competitors within the industry of digital assets, LoMoStar has always been taking a different route. By our own unique technical and commercial capacities, we will always strive to establishing our own course within the blockchain industry.



Our Team


Hello, global LoMoStar fans. My name is Xiong Lijian, but you can call me Feixiong. I myself started off as a programmer in my early years and later on, I became a management and strategy consultant. In 2010, I become more involved with internet advertisement, which resulted in me starting a business. In 2013, I started another business in the Bitcoin industry and participated in the research and development (R&D) of the world’s first Gridseed Litecoin miner, which sold more than 100,000 miners around the world. I also created WiiBox and launched its open source software, which became the most used mining control software for Litecoin miners. After that, I worked with Li Xiaolai (and many others) to establish SFARDS, which has researched, developed and manufactured the world’s first 28nm Bitcoin and Litecoin dual algorithm chip SF3301 and the world’s first SF100 double miner. Today I am the CEO of LoMoStar and our vision is to build a social economy around the geographic location and information of people and integrating it with blockchain technology.

· We have more than 4 years of experience in technical research, business operation, and in the development of Bitcoin and blockchain technology

· We have advanced understanding of the blockchain industry and we posses cross-industry resource integration capabilities

· We have the expertise in transforming the technology for various applications

LoMoStars’s core team has been working together since 2013 and has experienced the mining and trading of Bitcoin and Litecoin in the early days. We are also one of the first teams in China that begun R&D application and development of blockchain technology.




At present, there are more than 70 people (~20 full time developers) in our team and just recently we hired an international team with the ability to settle in various countries and regions to jointly promote and help develop LoMoStar.



Distribution and Staking of our Coins


The amount of LMC on the blockchain was initially set at a total of 1 billion, which have been accumulated through a Proof of Work (POW) mining process. However, after operating for six months we found out that the original mechanism was flawed, since we did not need so many coins. Therefore, in October 2016, the company burned most of the undelivered coins. At that time, the total number was reduced to 280 million. After integrating our PoS mechanism, the total supply of LMC has been continuously increasing, which is currently approximately 310 million (Circulating supply approximately 230 million). A step by step explanation on how to setup the wallet to stake coins can be found here.




· 14.67 million of the team is locked and cannot be accessed until April 18, 2018. The address can be found here
(We apologize, due to a system error the address had been unlocked for a brief period. The amount of money, nevertheless, remains the same. You can read more about it here.
Note, the address will continuously generate POS interest. The balance of the address is therefore greater than 14.67 million)

· 75 million of the angel investors coins can gradually be accessed until April 18, 2018. Currently 65.625 million has been obtained and 9.375 million is still locked. The address can be found here
(Note, however, that some angel investors do not apply for withdrawal of their LMCs on time. The address will thus continuously generate POS interest. The balance of the address is therefore greater than 9.375 million)

· 106 million has been given to people through crowdfunding. This has been completed on June 8, 2016

· 50.00 million has (and will be) delivered by the LoMoStar app. 41.41 million has already been delivered and 7.59 million will be delivered in the future

· There is 20.00 million available for third-party cooperation and marketing. 15.6 million has been used so far and there is 4.4 million remaining

· Before burning the coins in October 2016, an interest of about 18 million has been generated. How this has been distributed is unknown

· After burning the coins in October 2016, an interest of about 16.5 million has been generated. How this has been distributed is unknown



Markets and Exchanges supported


LMC has already gone live on various exchanges. We will strive in the future to get on more exchanges such as Poloniex, Binance and HitBTC. In addition, LMC is also listed on our own coin-to-coin exchange www.Xstar.io, which is being invested in and supported by the founders of LoMoStar.




Contact

Business cooperation: milanshoukri@lomocoin.com
General Queries: contact@lomocoin.com

The links to our social media and community channels are provided at the beginning of the topic.

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Next-Gen Blockchain Ecosystem - Luxcore.io


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September 06, 2016, 03:28:28 AM
 #2

first blood here.
if you will be giving translation bounty, i can do the Filipino translation for you, please reserved it for me.

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██ Dont waste My time ██


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September 06, 2016, 03:30:36 AM
 #3

Open social media bounty !  Cheesy
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September 06, 2016, 03:47:22 AM
 #4

link wallet not work

PROVIDENCE ─── 100% Cashless! │ Physical Crypto Casino & Resort (http://www.providence.casino)
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September 06, 2016, 03:49:22 AM
 #5

Images in posts disabled for newbies Huh ?


 
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Translations from English to Greek of ANN threads


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September 06, 2016, 09:34:12 AM
 #6

Images in posts disabled for newbies Huh ?


 

yes you have to make some posts for them to appear. Also will you guys setup translation bounties?

★★★ 295+ GREEK★★★TRANSLATIONS ★★★
FAST ★★★ FLAWLESS ★★★ CHEAP ★★★ https://bitcointalk.org/index.php?topic=1175769.new#new
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September 06, 2016, 11:38:21 AM
 #7

Mineable coin?

Thanks
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September 06, 2016, 11:40:58 AM
 #8

old coin.
no ninja launch
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September 06, 2016, 12:26:59 PM
 #9

listed on any exchanges?
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September 07, 2016, 07:47:01 AM
 #10

listed on any exchanges?

https://www.yuanbao.com/trade/lmc2cny  at present,

and https://poloniex.com / http://coinmarketcap.com/  is on the way.

Please stay tuned.   Smiley
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September 09, 2016, 05:56:50 PM
 #11

very interesting exchange poloniex.com  Kiss
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September 09, 2016, 06:36:54 PM
 #12

Do you know that the exchange Poloniex quite difficult to get there?

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September 09, 2016, 06:41:08 PM
 #13

download link to wallet doesnt work here.  http://lomocoin.com/html/download_qt.html

don't see this getting on polo, op is well lacking & postcount 3?

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September 09, 2016, 06:48:36 PM
 #14

Another newbie project with huge coin supply  Grin

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September 09, 2016, 06:49:38 PM
 #15

Another newbie project with huge coin supply  Grin

It's al we get now days Sad

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September 20, 2016, 05:38:52 AM
 #16

download link to wallet doesnt work here.  http://lomocoin.com/html/download_qt.html

don't see this getting on polo, op is well lacking & postcount 3?


Hi, EpyxZ.

Download link to wallet has been fixed.

Please try again. Wink
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September 20, 2016, 05:40:53 AM
 #17

I. About LoMoCoin



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

Total supply: 1 billion

Currency algorithm: POW to POS

POS interest: 5% for annual

Transfer fee: 0.0001LMC default

Block time: 60 seconds, to be reduced in further update

Issue date: April 18, 2016

Issue pattern:

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

ecology: 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.

=====================================================================================

IV.Open source:

There are two versions of LoMoCoin. The iOS version can be downloaded from Apple App Store.

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.Contact Us:

General Queries: contact@lomocoin.com

Website: www.lomocoin.com

QQ Group Chat 1: 546464406

QQ Group Chat 2: 224779379

Tel.: 4000-994-778






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brjameng
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Veritas Mining - Sustainable Crypto Mining


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September 20, 2016, 06:18:43 AM
 #18

Any bounty translations dev???

I would to reserved Indonesian translation

Thank you

Veritas Mining

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        Sustainable Crypto - Mining    
   ●Cost Efficient  ●Eco-Friendly  ●Profitable  ●Innovative   

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lomocoin
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September 20, 2016, 09:33:29 AM
 #19

Any bounty translations dev???

I would to reserved Indonesian translation

Thank you


Well, we do have overseas promotion plan this year.

Localization & social media needed.

But it depends on development progress of international version.

Stay tuned!  Grin
CoinExchange.io
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October 29, 2016, 05:37:57 AM
 #20

LMC/BTC Market added to CoinExchange.io

https://www.coinexchange.io/market/LMC/BTC

 Smiley
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