LFi Community Update: A Roadmap of Innovations and Developments
Welcome to our community update! We’ve been incredibly busy, working on multiple fronts to enhance our ecosystem. From planning marketing campaigns to introducing our products, from a decentralized blockchain launch to the introduction of unique technologies, we’ve got a lot to share. Here’s everything you need to know about our recent achievements and future plans.
August & September: Building a Strong Reputation
In August, we will begin marketing campaigns to bolster our products’ reputation and recognition. By September, we’ll introduce the team behind our innovative technologies, allowing our clients and the broader community to know the minds behind our groundbreaking blockchain solutions.
Our Decentralized Platform
We are proud to announce that we are a thriving, decentralized platform with four years of successful operations under our belt. Our in-depth technical documentation is available for auditing, and developers can explore our blockchain which already has more than eight active smart contracts, with over 30 more coming soon. To know everything about this, have a read on https://docs.lfi.io/
Decentralized Applications (dApps) on LFi
The LFi ecosystem is teeming with innovative applications to support our infrastructure’s growth and adoption. Here are some of the dApps we’re developing:
- LFi Dex
- LFi Lending
- LFi PAD
- LFi Bridge
- LFi Wallet
- LFi DAO
- LFi Trade Dex
- LFi Ghost
- Hardware
LFi Tokens: Driving Our Ecosystem
Our ecosystem revolves around three key tokens:
- LFi: This is the gas fee, the fuel for our infrastructure.
- cLFi: A minting token. If someone wants to participate and activate the hardware, they need to hold cLFi.
- vLFi: The governance token for you to participate in decisions and direct the project’s future. It’s also used for farming.
LFi and cLFi Listing
Great news! We’re working to get our LFi and cLFi tokens listed on some big-name exchanges, including one that ranks 4th worldwide. This is going to make our tokens easier to find and trade, boosting their visibility and liquidity. And hey, you don’t have to wait to start trading! Right now, you can trade them for USDT on LYOTRADE and LBank.
vLFi Launch
After our blockchain’s mainnet goes live, we’ll be introducing vLFi, or Vested LFi, just 15 days later. This platform will give users access to a variety of decentralized apps — it’s all very exciting!
You can use your LFi tokens to get vLFi through our unique Vesting Protocol. Holding vLFi comes with awesome perks like ecosystem rewards, a boost in our Ranking System, and even a say in L-DAO’s voting decisions. So, by holding onto vLFi, you’re setting yourself up for rewards, a better rank, and more influence in our governance.
You will be able to unvest your vLFi tokens on our Unvesting page. Thanks to a nifty smart contract, you’ll receive your LFi tokens back. The unvesting process happens through a linear distribution over approximately 730 days (or on a block basis) according to the terms of the smart contract. Hold tight, your LFi tokens will be coming back to you gradually!
Introducing the LFi Blockchain
Our goal for the next 18 months is to reach 400,000 users on our decentralized blockchain. This October, we’ll bring our unique technology to life, launching a blockchain platform with a unique selling proposal. We aim to be recognized as one of the strongest businesses in the market with high liquidity tokens that increase in value, demand, and adoption. All this, is under the control of the DAO through vLFi.
Here are some key features of our LFi Blockchain:
- Layer 2 solution on Ethereum
- Decentralized nodes
- Open-source technology
- High TPS (1000 transactions per second) and low gas fees
- Managed by the DAO
LFi Software Wallet
The LFi software wallet, currently under development, is set for launch on March 2024.
- Secure, decentralized, and easy-to-use cryptocurrency wallet
- Manage over 1,000 coins effortlessly
- Store, send, receive, buy, and trade cryptocurrencies with a smooth user experience
- Decentralized: Create or import wallets via various methods
- Secure: Built-in features like passphrase, security password, fingerprint lock, and pattern lock
- Swap/Exchange: Instantly swap and exchange cryptocurrencies
- Earn: Benefit from the best APY through DeFi and CeFi aggregation
- Dapps Access: Access and store your favorite Dapps across different blockchains.
LFi Studios
Here at LFi, we believe in more than just the growth of our platform — we’re all about nurturing our community too! That’s why we’ve created LFi Studios, a space where we welcome student developers into our training programs. But there’s so much more to LFi Studios:
- LFi Pre Seed Venture Fund: We’re helping early-stage ventures sprout with essential funding.
- LFi Grants: We offer these to startups that could use a financial boost to get their innovative ideas off the ground.
- LFi Student Incubation Fellowship: This program is designed to help student creators incubate their exciting ideas.
- LFi NFT accelerator: Got a cool NFT project in mind? We’re here to help you supercharge it!
- LFi DevRel Program: We’re building bridges within the developer community, and we want you to be part of it!
- LFi Community Evangelist Program: Passionate about LFi? Become an evangelist and spread the word in your community!
- LFi Enterprise/Government collaborations: We’re also engaging with enterprises and government bodies for impactful collaborations.
Plus, we’re excited to share that we’re in the process of acquiring a DLT blockchain license. Stay tuned for more updates!
Blockchain ID: One Identity for All Ecosystems
We’re thrilled to announce that our Blockchain ID will go live in September. This first single sign-on in the blockchain for new crypto users will allow you to access multiple platforms using just one account. With one KYC, you can jump onto any platform with the integration of our Blockchain ID.
At its launch, we’ll have 1 million users already thanks to the agreements we set with our partners and clients, a testament to our secure and simple system developed on the LFi blockchain.
We’re a FinTech Company
While we’re deeply involved in blockchain and crypto, we’re fundamentally a tech and hardware company. We don’t sell investment or financial products; we’ve found a solution to develop a compliant local business and provide simple, compliant products.
In September, we’ll increase our minting hardware options from three to five. We’ve also updated the CPU for LFi One to be 20% faster, offering you a speedier smartphone experience. Plus, we’ve decided to reduce the price starting from September.
CLOUDX Minting
Welcome to xCLOUD Minting! We’ve cooked up a way to grow this business globally and it involves scLFi, our staking token. Here’s how it works:
1. Buy scLFi: This is your ticket into the system, available for purchase using a credit card, online payment, or wire transfer.
2. Lock it in a Smart Contract: Once you’ve bought your scLFi, you’ll need to lock it into a smart contract to activate the minting process.
What happens next is simple: the minting process begins as soon as you buy and stake your token. This model is totally compliant. This process is not an investment. Rather, it’s a way to purchase a machine and then buy minting tokens to get it running. This offer is valid worldwide as it isn’t an investment proposal — we’re selling hardware.
The advantage is buying the minting token and using it, and its price can also grow. The more compliant we are, the more opportunities for people.
For those who like to move fast, you can boost your production by buying physical hardware and connecting it to the Cloud Minting. This way, your production will speed up by 10%.
The best part? This will help make LFi one of the biggest IPFS companies in the world and create a Decentralized VPN that can’t be shut down because it won’t be recognized as a VPN.
Minting license packages range from 110 euros. The more you buy, the more benefits you get, like a virtual server that connects you to the LFi blockchain, or the ability to use or sell minted tokens.
And with our community at the heart of it all, we have the potential to be one of the biggest players in data storage, protections, and more. Our unique VPN service, for example, will not be recognizable as a VPN, unlike others.
Our minting licenses also come with a convenience factor — no need to be a tech wizard, it’s accessible to everyone. With the hardware machine, you can connect to your smartphone and start production.
Minting machines won’t have a pre-launch: when they’re ready, you buy and then receive at home. We’re now working to complete the hardware build, and then it will be possible to connect to the smart contract.
Events and More
Stay tuned for a global launch in October and a special event in September. We’re selling hardware, a long-term project that is compliant and accessible in most parts of the world.
Look forward to a hands-on experience with LFi One at the upcoming event in September. The event will be broadcasted live globally, allowing the LFi community to participate virtually. Furthermore, anticipate the global launch of LFi in October.
We believe that our commitment to building infrastructure for other projects, combined with our focus on community and growth, sets us apart from competitors. Our journey has just begun, and we’re excited to bring you along with us. Stay tuned for more updates!
