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

[xreactor]

I hope they update the Android app soon. The latest update had great performance updates, but really killed the group messaging. I can only scroll a couple pages before it crashes. It seems to only update a small portion of all the groups I am in.

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[alexF2007]

I sold it all at 1000 satoshi.

[lomocoin]

DCON will be the new partner that will join the LoMo ecosystem and an airdrop in our app with DCON coins will start soon. Additionally, at the moment, each new registered user will be credited with 10 DCON to his LoMoStar app wallet. Take part and download the LoMoStar app here!

[four199]

Lmc to lmc device is fast, but bittrex for example requires more confirmation, so it's slow to and from bittrex that it is from wallet to LoMoStar app. Yobit is even slower because they have weird rules

[gunsury]

what is reward/block??? i talked in telegram/lomocoin but nobody answered about this.
The dev LMC, can you answer?

[alexinv]

   maybe I'm not correct but this coin is based on POS mechanism, reward for staking you can ask in telegram group but after release of updated wallet reward will be reduced

[wiss19]

for who wants to ask if not answered in telegram group you can pm dev directly or can pm in his telegram account would he will reply to your question

[ANDREW 555]

New Coins Wallets in App (February)
https://coindar.org/en/event/lomocoin-lmc-new-coins-wallets-in-app-2810
New Wallet (February 06)
https://coindar.org/en/event/lomocoin-lmc-new-wallet-2866

[gunsury]

Does LMC have smart contract?

[gunsury]

I like the idea of LoMoStar and team DEV so much.
BUT I have not invested because:
- block time check on http://explorer.lomocoin.com/ is 2-20 min (moreover) -> It's too long with the current blockchain.
- Now, LMC can do 100TPS so how does it work?. Have specific technical documentation?.
- Block reward seems wrong with a blockchain.
With blockchain, whether POS or POW, each new block created will have a certain reward.
Why is staking of lmc with no fixed interest rate??? (5-24%/year) --> very high inflation.
ex: PIVX crypto have reward is 5 PIVX/block. it staking ~5%/year (no matter how many coins)
- Why is total supply of LMC not fixed?

Hope dev can give me answer or specific link!!! TKS

[alexinv]

    good questions! maybe this project doesn't have high technical estimations but the important thing in this project is its idea, methods of an attraction of new users and total addressable market in advertising industry though advertising industry is not touched by this project, only in plans
    that's a pity that devs don't visit this forum often, the community manager isn't a deep tech guy and devs aren't too communicative in their plans and future ideas and their answers with vague  and indefinite in time statements BUT I completely support your questions and wait for answers from devs too

[ANDREW 555]

Airdrop (February 06)
https://coindar.org/en/event/lomocoin-lmc-airdrop-3030

[Ricsung]

   good questions! maybe this project doesn't have high technical estimations but the important thing in this project is its idea, methods of an attraction of new users and total addressable market in advertising industry though advertising industry is not touched by this project, only in plans
    that's a pity that devs don't visit this forum often, the community manager isn't a deep tech guy and devs aren't too communicative in their plans and future ideas and their answers with vague  and indefinite in time statements BUT I completely support your questions and wait for answers from devs too

I think the project came out early, but it's still going on, and maybe development is working, and that's good news for investors.

[alexinv]

   good questions! maybe this project doesn't have high technical estimations but the important thing in this project is its idea, methods of an attraction of new users and total addressable market in advertising industry though advertising industry is not touched by this project, only in plans
    that's a pity that devs don't visit this forum often, the community manager isn't a deep tech guy and devs aren't too communicative in their plans and future ideas and their answers with vague  and indefinite in time statements BUT I completely support your questions and wait for answers from devs too

I think the project came out early, but it's still going on, and maybe development is working, and that's good news for investors.

many projects like ada, eth, btc etc are under development and that's good news 

[Legionar]

This coin will never recover. Any new plans? I think it is dead same as elastic.

[alexinv]

 maybe but there is a chance to add well in price growth if plans of devs are implemented

[lomocoin]

This coin will never recover. Any new plans? I think it is dead same as elastic.

We're constantly working to improve our product, you can see some of these upcoming improvements in the first post of this thread.
Furthermore, we are currently testing the OTC feature for our app in a closed beta with some users and you can follow us on twitter as well to get our recent news. Tomorrow 3 airdrops with different cryptocurrencies will start within the app and new registered users will be rewarded too. For further information please check our Twitter or the first post in this thread.

What is OTC?

OTC stands of Over-The-Counter. Essentially rather than an exchange where everyone list their bids and asks into two ledgers, you perform a direct peer to peer trading of tokens facilitated by the OTC function. Sort of like eBay for cryptos where you list cryptos to sell and others can buy with cryptos.

Why is this important?

1) Tokens airdropped by the different companies will be traded IMMEDIATELY. These companies don't need to wait to be listed on exchanges, the tokens will be immediately distributed and a market price will be established right away. This is a massive selling point for companies who wish to distribute their tokens as wide as possible and providing liquidity for their tokens.

This in turns make the LoMo platform far more attractive for companies to advertise on starting a virtuous cycle of airdrops -> more users -> users OTC trade with each other with the newly gained tokens -> more airdrops.

2) P2P OTC token trading is perfect for countries who have banned other forms of token trading.

3) Also this saves less technically capable users from having to register on an exchange. Most people in the world are not traders, let alone crypto trading.

4) This allows people to trade really small amount of tokens (like a few dollars) and they won't have to pay for withdrawal fees on exchanges.

Overall this increases the depth of the LoMo economy by a lot and keeps the users to stay within the app. And we haven't even finished developing the best part of the app, the LBS local view

[lomocoin]

New airdrops in the LoMoStar app!

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]

From February 08th, 2018 until February 13th, 2018, a total amount of 20,000,000 AiLink, 500,000 RUFF and 250,000 RED tokens will be airdropped within the LoMoStar application! [Event Detail]
To learn more about AiLink, RUFF and RED please visit the following Medium post.

[alexinv]

   what is about the purpose of lmc coin? I think that now this coin stepped aside from its initial plans to be used in an advertising area. there are only airdrops and nothing is heard about practical usage of lomocoin. for instance I never heard that some store used this coin to deliver discount or adopt it as an advertising stimulus for a consumer. can you comment this?
   and I'm not fudding, fomoing or lomoing   just want to make this project more clear for me because I believed in it and now as far as I see it follows another course without sport-distance incentives, without discounts in shops, without advertising different brands etc but only airdrop

[dominicki]

This coin will never recover. Any new plans? I think it is dead same as elastic.

so you start by absurd claim, followed by a question and finished with another absurd claim. Nice logic kid. First of all,recover from what?  Its  floating at its historic support. Sorry there was no moon shot such as tron. You must be right, any unknown project with product and dozens of developers is dead. Stick to xrp,tron and bch. Thanks