The LikeCoin ecosystem.
INTRODUCTION
Cryptocurrency market and blockchain technology has had explosive growth in the past few years. Many different projects have been introduced in all aspects of technology but this hasn’t translated to mass adoption. There are many reasons for this such as regulations, accessibility, trust issues, fear, etc. We believe one of the reasons is lack of simplicity and ease of use. It’s not very easy for a common person or even a common crypto investor to understand the technicals behind the project or use of such technology. We believe in the KISS (keep it simple stupid) principle. If a layman can contribute to a project by just e how complex or great the technology is as long as they are able to use it easily and also get incentivized in return.
What is LikeCoin?
The LikeCoin ecosystem is dependent on the engagement of the users. The users initiate the release of tokens from the mining pool which in turn is distributed among the user, content creator, and Liclicking a button then we would see mass adoption. Frankly, the majority don’t carkeCoin Reserve.
Our Vision
Cryptocurrencies like Bitcoin and Dogecoin were community coins before they were anything else. They were shared within the community based on content, comments, or just out of generosity. The role of community and mass adoption are intertwined and is a recipe for success for projects and reaching mass adoption. We want to work within that delicate system to have the best community which will increase the likelihood of success and reaching mass adoption.
LikeCoin team’s vision is to make LikeCoin easy to use and make it available to the same users that use Facebook, Instagram, Twitter, Whatsapp, Telegram etc. We will provide a one-click solution for users to share, donate, or reward each other’s content. We value the role of community in reaching mass adoption. With that goal of community in mind we are developing a cryptocurrency that we can integrate into those platforms and reward users for their content and interactions.
How will LikeCoin work?
- Content creator will create content (tweet/post)
- User will like the content
- This will trigger the mining pool to release Likecoins. Released LikeCoin is distributed in the following manner:34% to the User
- 33% to the Content Creator
- 33% LikeCoin Reserve
The LikeCoin ecosystem is dependent on the engagement of the users. The users initiate the release of tokens from the mining pool which in turn is distributed among the user, content creator, and LikeCoin Reserve.
Release of coins is dependent on the total LikeCoin holdings of the user. The more LikeCoins the user holds, the higher the release rate.
Community Created Projects (CCP)
A strong and supportive community is a good indicator for a good and strong project. Our goal is to be the best community project. We work for our community and investors. Without a community even the best projects may fail. The team has decided on implementing a “Community Created Projects”section into our project. We are very excited about CCP within our roadmap.
CCP will be a social hub for community members to vote on which community created idea the project should hold. Users can submit their own ideas for consideration and voting will decide which idea to implement. CCP can range from trading competitions to charity competitions to fantasy sports. This has the potential to be one of the most creative platforms for our project and community. The possibilities are endless and input from users and participation of users will drive this this project. 5 % of the funds will be retained by LikeCoin as a source of revenue for the project.
As an example, there can be a trading competition and the winner will receive the LikeCoin Booty to split between themselves and for their charity. The winner will donate 20% of the pot to a charity of their choosing. We will engage with numerous charitable organizations which will raise more awareness for the charity, our project, and crypto community as a whole.
Our Referral Program
LikeCoin offers a generous referral bonus for our investors. Investors will receive a referral code upon investing in LikeCoin. The referring investor will receive 10% of LikeCoins that the referred investor has purchased. For example, if investor A refers investor B and investor B purchases 100,000 tokens then person A will receive 10,000 tokens.
LikeCoin Bank
LikeCoin Bank will serve to exchange currency for users wanting to buy from LikeCoin Marketplace. LikeCoin Bank will accept other currencies and card payments from users in exchange for LikeCoins in order to be used in the LikeCoin Marketplace. LikeCoin Bank is not a traditional bank. It will be run by the users, staking their own LikeCoin tokens for exchange to different cryptocurrencies and collecting the fees that they have set. OTC deals can be achieved through this route. Purchasers will have options of which lender to choose based on their fees.
LikeCoin Marketplace
LikeCoin Marketplace will be a community marketplace. Community members can set up their own online stores and do business with other community members. LikeCoin Marketplace will not be solely limited to buying/selling goods. LikeCoin Marketplace can be used for purchasing services, holding fundraisers to fund a project, raising funds for charity, etc. LikeCoin will be the method of payment for all transactions and 5% of the funds will be retained by LikeCoin as another source of revenue for the project.
What is LikeCoin Cloud Wallet?
Cloud Wallet is created when a user likes a post and the person whose post is liked (content creator) doesn’t have a wallet connected to their social media handle. A wallet is automatically created for the content creator where the mined coins are sent and the wallet passphrase is sent to the inbox of the content creator in order to have access to their newly formed wallet and LikeCoins.
How can the community help in reaching mass adoption?
It’s in the best interest of LikeCoin holders to “like away” because they mine LikeCoins for themselves, the content creator, and the LikeCoin pool. Liking content from different users will expand the LikeCoin network of holders. The new holders can then participate in liking content thus we reach a bigger audience.
Tokensale Stages
● Private Pre-Sale: 30th April 2020
● 3 cents = 1 LikeCoin: 500,000,000 LikeCoin
● Public Sale: TBD TBD
● 5 cents = 1 LikeCoin: 750,000,000 LikeCoin
Token Structure
Total Supply=3,000,000,000: 100%
Tokens for Sale=1,250,000,000: 41.67%
Team Tokens=150,000,000: 5%
Marketing=125,000,000: 4.17%
Unlocking=1,475,000,000: 49.17
● Total supply created will be 3,000,000,000 tokens.
● Total tokens available for sale are 1,250,000,000 tokens (41.67% supply).
● 150,000,000 tokens (5%) will be reserved for the team .
● No single team member may receive more than 10% of the reserved team tokens.
● 125,000,000 (4.17%) will be used for marketing.
● 1,475,000,000 (49.17%) will be unlocked based on oneclick mining algorithm.
● Unsold tokens will be permanently burned.
Mining Pool
Our goal is to have continuous replenishment of the mining pool. Therefore we will have different replenishment processes in place:
● Recycling 33% of the click-mined coin back into the pool
● 15% of revenue from the LikeCoin Marketplace will be sent to the mining pool.
● Contests and competitions’ 10% revenue will be sent to the mining pool.
● Other replenishment methods will be announced a month in advance of deployment.
Roadmap
Q1 2020
● Initiate Pre-Sale
Q2 and Q3 2020
● Initiate Public Sale
● Integrate into Twitter and Facebook
● Listing on 2-3 major exchanges
Q4 2020
● Integrate into Instagram and Telegram
● Set-up LikeCoin Marketplace
● Implement Community Content Projects
● Further Exchange Listing
● Integrate Phone Number and Email Support
Q1 2021
● Integrate into WhatsApp and Discord
● Update Roadmap
Q1 2021 and Beyond
● Integration into more social media, other websites and blog
Team
LikeCoin has decided not to list the team or the advisors. Our team and advisors are multicultural and for their privacy and security we have decided to refrain from posting the team and advisors publicly. It is understandable that some investors may be hesitant and weary of this decision.
As a result of this decision we were forced to be creative and that, we believe, turned out best for the community. The concept of Initial Loan Offering, smart contract restrictions, low supply for the team, and Community Representative were all conceptualized to alleviate the concerns of the investors and reduce the risk for the investors. These concepts should be used by other projects regardless of their team and advisor’s visibility. As seen in the past having a a list of team members and advisors doesn’t guarantee the success or legitimacy of the project.
Join The LikeCoin Team!
At LikeCoin, we believe in delivering on our promise and going beyond our goals.
The LikeCoin project has a very busy and loaded roadmap for the year 2020 and beyond. We will be looking to expand our team in the near future. We are looking for self-starters, highly motivated, highly skilled, and over achieving talent. If you are interested in joining the team as a developer, marketing manager, international director of operations, or community manager please send your CV and resume to team@golikecoin.com
We are in discussion about working on multiple parts of the roadmap simultaneously. If there’s a part of roadmap that interests you and you would like to contribute to it, feel free to reach out to us.
For more information, please visit the link below:
● WEBSITE: https://www.golikecoin.com/
● TWITTER: http://www.twitter.com/golikecoin
● TELEGRAM: https://t.me/LikeCoinOfficial
● WHITEPAPER: https://www.golikecoin.com/LikeCoin%20Whitepaper.pdf
● BOUNTY CHAT: https://t.me/Wicobounty
AUTHOR
USER NAME: JAMAAH45
ETH: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B
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