[ANN][LMC] LoMoStar - First built-in Cryptocurrency LBS Entertainment App

[johnantony]

hi i have a problem, i withdraw lmc from my bittrex but never came into my wallet, address is rght and on bittrex withdraw completed, my wallet now there is this 'warning: checkpoint is too old. wait for block chain to download, or notify developers of the issue. so what i must do please?

[1714035596]

1714035596

[1714035596]

1714035596

[PeterTheGrape]

Hard to find much substance to this coin, aside from a wallet and website.

First twitter mention was by https://twitter.com/redtheminer but almost no mention by anybody after that, less than one page of hashtag https://twitter.com/hashtag/lomocoin?src=hash

Somebody who speaks Chinese could Google search site:8btc.com 邻萌宝 and try to figure it out.

Very possible it is a fake coin built on nothing, or could be an ambitious project that just needs time.

...

WTF?  I've posted numerous times in this thread, pointing out the WeChat announcement.  Do you know what WeChat is?  A social network with a user base second only to Facebook.  WTF is 8btc?  8btc is a bullshit site with barely any users.  Why would you go looking there?  Because some Americans told you it's a good site in China?  LOL.  

Of course there won't be any info on Twitter or Reddit, etc.  Twitter isn't used much in China and neither is Reddit.  This is a Chinese coin.  One of the co-founders has a PhD from one of the top schools in China.  This coin is real and it's being supported by the smartest developers. 

Also, you can download their apps in the Android and iOS app store.  There is nothing fake here.  You are clueless.  There wouldn't be $13mil USD daily volume on this coin if it was fake.  That's the same amount of volume as ANTShares.  

Good luck with investing with your poor research skills.

I don't really understand where you are seeing evidence of anything substantial.

An announcement was posted, and that indicates some user base that somehow is invisible on Google and 8btc?

They have an app, therefore you say they must be giving accurate information?

And somehow us$13m volume in a day, when there is no indication of where the volume comes from, indicates that it is not a pump coin?

I am trying to be clear that I do not know if there is substance to the coin, and I try to find out.

If, as you say, "One of the co-founders has a PhD from one of the top schools in China", you could post some links to bios of coin founders on other sites.

Traffic on the website does not really look consistent with a major project, but it might be, it just isn't clear.

https://w3bin.com/domain/lomocoin.com

This domain is ranked number 1161476 in the world. We estimate this website generates about $1 USD of daily revenue. It seems Lomocoin.com has about 205 daily visitors.

It looks like a coin that is being pumped, whether there is substance behind the pump I do not know. You probably do not know either, but at least I know that I do not know.

[Shiroslullaby]

I agree with PeterTheGrape. There is still a lot that is unknown right now so its definitely a gamble.
I've been steadily buying this coin since the 750 satoshi range, and I still don't know if this is just a pump and dump or actual speculation because of good news.

Right now we are relying on users like Coinbiz for the information coming from Chinese sources. (Very grateful to Coinbiz for any news he posts!)

I'm actually scared to step away from the computer because of how much this coin has gone up...
Sell or HODL?

If someone is doing a pump and dump they are spending a LOT of money the last few weeks to do it.
I really hope this coin has long-term potential because the premise behind it is very solid.

As Coinbiz pointed out its probably hard to get metrics for visits to the site because it relies on Google Alexa.
We need someone to research how many people in China are checking the website!

[PeterTheGrape]

...

Google is blocked in China.  Why should it be visible there? 

Baidu is certainly not blocked in China, but searching the phrase "邻萌宝" on baidu.com, from the U.S.

1st result lomocoin website

2nd result 8btc.com thread from 2016

and most of the results that follow are from 2016.

So...

[Atlienz404]

Coinbiz do you have a twitter or stash account so we can talk I invested yesterday but would like to know more from time to time

[Atlienz404]

Been in since 6 cents looks like it's going for another spin put the money up fam let's gooooo

[Atlienz404]

Coin add me on twitter same name

[Shiroslullaby]

How many coins do you see that have a market cap putting them in the 100+ rank, yet have Top 12 volume in a 24hr period?

Plus it had a steady volume every day for the last few weeks. Usually between $100,000 and $300,000 a day.
Either this is an extremely well orchestrated pump or someone was buying coins because they knew an announcement was coming.

[coininvesting1]

orchestrated pump with this volume? i highly doubt that.

[8rch7]

How many coins in total supply? Is coinmarketcap's 294,189,147 LMC correct?

same question with me, how many total supply fixed? because I read in OP total supply 1 billion (have strikethrough)

[AdamT]

Lol this coin for real? Not a single graphic on Ann page haha. 24hr volume is 70% of market cap. Something aint right son.

[8rch7]

How many coins in total supply? Is coinmarketcap's 294,189,147 LMC correct?

same question with me, how many total supply fixed? because I read in OP total supply 1 billion (have strikethrough)

Maximum is 600 million.  Current supply is 209 million with a max created thus far of 294 million.  The plan to go international and have a second ICO was in the pipeline all along, which is why only 1/3 of the coins have been released.  So in the second ICO they will simply be releasing an additional 100 million out of the maximum of 600 million, which will not change.  

Given the supply, if you look at say, Ripple with 39 Billion, doing the math, that could put LoMoCoin at a potential upward valuation of $19.  Though, given that LoMoCoin is purely an entertainment game at this point (ad network coming later), the value added is lower, which is why I believe the worst case scenario is roughly $1.  

P.S. If I have time later this evening I'll make a video of the iPhone app on YouTube.  Will post the link here.  I know a lot of people think the app is fake or curious if it's even real etc, so figured I'd share that.  I've used it myself.  Reminds me a lot of Pokemon Go... pretty unique experience.

ok, thanks mate for explaining it. so its released part by part maybe, right?

[geepee]

Anyone had any luck with the app.  Cut find it on the apple app store

[alexinv]

Anyone had any luck with the app.  Cut find it on the apple app store

I didn't find their app in AppStore either  Who can help or maybe show video with installed app 

[alexinv]

  coinbiz  , are you official representative, developer or fancier of this coin?

[lomocoin]

They are making an announcement about a deal with a game company in a week, so they are busy with that.

Rumor.

[lomocoin]

LoMoCoin only for China users or will be global app?

LoMoCoin 2.0 will be a global app.

[milanooo]

LoMoCoin only for China users or will be global app?

LoMoCoin 2.0 will be a global app.

How do you know all this, can you show some proof?

[lomocoin]

This newsletter contains the developments and the next step of LomoCoin team.

Dear customers, fans and friends of LoMocoin, first of all, thank you for always being concerned about LoMoCoin team. Your enthusiasm and kind suggestions to our team encourage us in the development and make our team more and more robust and firm. Our faith in next step of the product development and the LoMoCoin ecosystem grows stronger and stronger.

Second, we are sorry for the majority of users. Because of the complex technical challenges, some QA works, complex overseas cooperation resources and channel preparation, LoMoCoin 2.0 version, which estimated to be released by the end of June release, will be postponed until mid-late July.

But we also have good news, during the months of a dormitory, we are planning to implement a series of major technological upgrades and business model upgrades.


Major issue I: LoMoCoin 2.0
First of all, LoMoCoin APP will release brand new 2.0 version, which will completely change the original LMC free distribution mechanism. This version will establish and consolidate LoMoCoin’s vision of O2O marketing business closed-loop and ecosystem.

On the basis of the original pattern – explore the red envelope on the map – it achieves innovation in advertising, attention economy and traffic economy. Not only UI / UE design will be a new look, the more exciting thing is that we will import a new Advertising and marketing system based on blockchain assets.
A multi-level agent distribution system will be deployed referring to microboss industry booming in recent years.
Capable users can act as an agent to gain rebate of crypto assets or directly legal money.
LoMoCoin will be the first blockchain application to deploy a multi-level agent distribution system with total compliance

At the same time, LoMoCoin 2.0 will support multi-language and multi-cryptocurrencies.We will closely cooperate with the local partners in Japan, Korea, Southeast Asia, North America, Europe, Australia, Russia where blockchain and cryptocurrencies industry grows fast, to carry out more down-to-earth promotion and development.

We estimate that we will hold LoMoCoin 2.0 launch conference & the global investment conference in mid-late July.

We will invite members of the LoMoCoin, all the friends who are concerned about LoMoCoin, willing to grow together and gain profits with LoMoCoin all around the world to gather together and seek common development of LoMoCoin.

Major issue II: Innovation of LoMoCoin BlockChain Technology and Business Model

In recent months, the LoMoCoin developer community has been supported by a number of overseas enthusiasts and code contributors who are helping LoMoCoin develop multiple products.

First, LoMoCoin blockchain has been completed the code work to enhance the block uniformity, automatic fast repair for fork etc. And a lot of data is being tested.
Second, our engineers are developing a PC-side full node wallet with a better UI / UE.
Third, an SPV light purse based on LoMoCoin blockchain will also be released in late August.

More importantly, based on the new LMC SPV wallet (Android and IOS) architecture, the overseas developer community will launch a series of fast landing applications, and all of these applications will be open source. These applications have a huge market scale and potential, and overseas promotion and operational resources have been prepared. By then, based on the LoMoCoin blockchain, a totally decentralized product completely different from LoMoCoin APP of marketing advertising model will be released.

Welcome individuals and teams in global range to join us. By using this new open source product, you can reach hundreds of thousands users in LoMoCoin community, which will help you start your own business fast and gain profits worldwide.

Major issue III:  Exchange
In order to strengthen the availability of global users of LMC digital assets and meet the liquidity needs in the future, we are preparing a new exchange estimated to be launched in August this year supported by cooperative operations or ICO funding. The exchange will be registered overseas to avoid domestic policy risks, but will strictly comply with national laws. By the opening of the exchange, it will share the user resources of LoMoCoin 2.0 and LoMoCoin SPV product, which will provide fast and stable trading experience for all the users.

In summary, the three major products strategy will enable LoMoCoin ecosystem expansion and further improvement in the second half of this year, playing a mutual promotion and common prosperity.


The LoMoCoin team has been working on the established goals, perhaps through the detours, out of the pit, but we have never left everyone, and we have a highly efficient industry thinking and mode adjustment ability. In the next release of several products, please stay tuned. LoMoCoin will create different new value in the future, hoping to head forward with you as usual, to create a more solid blockchain application and dig value in the blockchain industry tide.

LoMoCoin team
2017/6/21

website link: http://www.lomocoin.com/english/html11/details49.html

[milanooo]

This newsletter contains the developments and the next step of LomoCoin team.

Dear customers, fans and friends of LoMocoin, first of all, thank you for always being concerned about LoMoCoin team. Your enthusiasm and kind suggestions to our team encourage us in the development and make our team more and more robust and firm. Our faith in next step of the product development and the LoMoCoin ecosystem grows stronger and stronger.

Second, we are sorry for the majority of users. Because of the complex technical challenges, some QA works, complex overseas cooperation resources and channel preparation, LoMoCoin 2.0 version, which estimated to be released by the end of June release, will be postponed until mid-late July.

But we also have good news, during the months of a dormitory, we are planning to implement a series of major technological upgrades and business model upgrades.


Major issue I: LoMoCoin 2.0
First of all, LoMoCoin APP will release brand new 2.0 version, which will completely change the original LMC free distribution mechanism. This version will establish and consolidate LoMoCoin’s vision of O2O marketing business closed-loop and ecosystem.

On the basis of the original pattern – explore the red envelope on the map – it achieves innovation in advertising, attention economy and traffic economy. Not only UI / UE design will be a new look, the more exciting thing is that we will import a new Advertising and marketing system based on blockchain assets.
A multi-level agent distribution system will be deployed referring to microboss industry booming in recent years.
Capable users can act as an agent to gain rebate of crypto assets or directly legal money.
LoMoCoin will be the first blockchain application to deploy a multi-level agent distribution system with total compliance

At the same time, LoMoCoin 2.0 will support multi-language and multi-cryptocurrencies.We will closely cooperate with the local partners in Japan, Korea, Southeast Asia, North America, Europe, Australia, Russia where blockchain and cryptocurrencies industry grows fast, to carry out more down-to-earth promotion and development.

We estimate that we will hold LoMoCoin 2.0 launch conference & the global investment conference in mid-late July.

We will invite members of the LoMoCoin, all the friends who are concerned about LoMoCoin, willing to grow together and gain profits with LoMoCoin all around the world to gather together and seek common development of LoMoCoin.

Major issue II: Innovation of LoMoCoin BlockChain Technology and Business Model

In recent months, the LoMoCoin developer community has been supported by a number of overseas enthusiasts and code contributors who are helping LoMoCoin develop multiple products.

First, LoMoCoin blockchain has been completed the code work to enhance the block uniformity, automatic fast repair for fork etc. And a lot of data is being tested.
Second, our engineers are developing a PC-side full node wallet with a better UI / UE.
Third, an SPV light purse based on LoMoCoin blockchain will also be released in late August.

More importantly, based on the new LMC SPV wallet (Android and IOS) architecture, the overseas developer community will launch a series of fast landing applications, and all of these applications will be open source. These applications have a huge market scale and potential, and overseas promotion and operational resources have been prepared. By then, based on the LoMoCoin blockchain, a totally decentralized product completely different from LoMoCoin APP of marketing advertising model will be released.

Welcome individuals and teams in global range to join us. By using this new open source product, you can reach hundreds of thousands users in LoMoCoin community, which will help you start your own business fast and gain profits worldwide.

Major issue III:  Exchange
In order to strengthen the availability of global users of LMC digital assets and meet the liquidity needs in the future, we are preparing a new exchange estimated to be launched in August this year supported by cooperative operations or ICO funding. The exchange will be registered overseas to avoid domestic policy risks, but will strictly comply with national laws. By the opening of the exchange, it will share the user resources of LoMoCoin 2.0 and LoMoCoin SPV product, which will provide fast and stable trading experience for all the users.

In summary, the three major products strategy will enable LoMoCoin ecosystem expansion and further improvement in the second half of this year, playing a mutual promotion and common prosperity.


The LoMoCoin team has been working on the established goals, perhaps through the detours, out of the pit, but we have never left everyone, and we have a highly efficient industry thinking and mode adjustment ability. In the next release of several products, please stay tuned. LoMoCoin will create different new value in the future, hoping to head forward with you as usual, to create a more solid blockchain application and dig value in the blockchain industry tide.

LoMoCoin team
2017/6/21

Thanks for the quick reply. How do we know this is an official announcement of the team and not just some fake stuff? It is really hard to find any evidence of their development..