Q1. What is LivesToken(LVT)?
A: LivesToken(LVT) is the cryptocurrency issued by the Symbiosism Economy Foundation to advocate and promote the development and prosperity of Symbiosism Economy, a future economic form. LivesToken(LVT) is based on the blockchain technology and generated on LivesOne platform.
Q2. What’s the relationship between LivesToken, LivesOne, and Symbiosism Economy?
A: LivesToken(LVT) is the digital tokens issued by the LivesOne(currently launched on Ethereum chain and will be transferred to LivesChain when it’s ready), which is the medium that solves the user value realization problem.
LivesOne is aiming to combine all Internet applications to create a Symbiosism System. In this system, users and businesses will realize common prosperity based on the principle of mutual benefit.
Symbiosism economy refers to the symbiont formed by independent economic organizations for the purpose of sharing similar resources or complementing different kinds of resources. The formation of such symbionts will lead to direct or indirect improvement of resource allocation efficiency inside or outside economic organizations.
Q3. What can LivesToken do?
A: Like Bitcoin and Ethereum, LivesToken(LVT) is a decentralized cryptocurrency that based on advanced blockchain technology and it carries basically all the features of a typical cryptocurrency. LivesToken can be used as a medium to calculate the value of user’s behavior and consumed time on the Internet. LVT can agglomerate user behavior value. In the era of Symbiosism Economy, LivesToken is the best investment.
Q4. What’s the major advantages of LVT compares to other cryptocurrencies?
A: More equitable: do not support mining machine, users will enjoy equal opportunities;
More flexible: support for lightning transactions, no handling fee;
Safer: operated by a well-known Internet team with high safety factor;
Application realizing: grafted mature Internet model, applications can realize directly;
Fast growth: tens of millions of application users, the system scale can quickly expand;
Large appreciation space: the total token quantity is fixed, no additional issuance.
Q5. Is LivesToken legal?
A: Of course, it is legal. LivesToken(LVT) has established a Public Company Limited by Guarantee nonprofit funds in Singapore after the completion of the private placement, just like the well-known encrypted digital currency Litecoin(LTC) and so on. It's called the Symbiosism Economy Foundation. The main task of the foundation is to maintain the LivesToken ecology to be open, fair and transparent, and support the LivesToken development team. The Symbiosism Economy Foundation is approved by the Singapore Accounting and Business Administration (ACRA), which is subject to the supervision of the Singapore Companies Act. The foundation is managed by a trustee board or management committee, it will be managed and operated independently from the government.
Q6. Will the value/price of LivesToken grow?
A: It will. LivesToken(LVT) is closely related to Symbiosism Economy’s development. As a more advanced economic form, Symbiosism Economy has a bright future. The nature scarcity of LVT has determined its mining difficulty will gradually grow while mainstream Internet applications like Maxthon Browser’s participation in the LivesOne system will bring lots of users and consumption scenarios to elevate LVT’s circulation. Plus, LVT will be launched on major exchanges globally.
Q7. How many LivesToken are there?
A: LivesToken(LVT) will be issued a total of 28 billion tokens. 20% of the total issued tokens will be held for investors, 20% will be held for the founding team, 10% will be held for marketing promotions, and the last 50% of the tokens will be held for mining. Each year's upper limit of mining tokens will be 60% of the previous year, and founding team's tokens will unlock 2% per year. LivesToken mining includes reservation stage, promotion stage, and official stage. In promotion stage(start from the end of Jan, 2018), 10 million LVT will be distributed to miners through mining for 50 consecutive days, which means 500 million LVT will be mined in total. After that, the official stage will start and the remained 13.5 billion LVT will be distributed to miners in 10 years through mining.
About LVT Mining
Q8. What’s the relationship between LivesToken and Maxthon Browser Mining Edition?
A: LivesToken will be distributed to users through its unique POV(Proof-Of-Value) consensus program. Users can mine LVT through Maxthon Browser Mining Edition and contribute to the Symbiosism Economy. Normally use Maxthon Browser Mining Edition(including Maxnote, Passkeeper, and UUMail), then you can be obtain different amount of LVT according to your online behaviors.
Q9. When will Maxthon Browser Mining Edition go online? On what platform?
A: Maxthon Browser Mining Edition will be released at the end of January 2018. It will be released on 4 major platforms: Windows, Android, iOS, and Mac.
Q10. Does Maxthon Browser Mining Edition support cross-platform mining simultaneously?
A: Yes, Maxthon Browser Mining Edition supports cross-platform mining on your laptop, mobile phone, tablets, and so on.
About Your Account, Wallet, And Transaction
Q11. What’s the relationship between LivesOne Account and your Maxthon Account?
A: LivesOne Account is for you to proceed transaction, storage, and management of LivesToken(LVT). Maxthon Account is the account for you to use Maxthon Browser and other related products. You can bind your Maxthon Account to your LivesOne Account and then your LVT obtained through mining will be automatically forwarded to your LivesOne account.
Q12. How many Maxthon Account can bind to one LivesOne Account?
A: Currently 5 at most.
Q13. Where can LivesToken be stored at?
A: LivesToken will be stored in your LivesOne account in default. It can be withdrawn to any ERC-20 standard cryptocurrency compatible wallet, including LivesOne’s own wallet app.
Q14 Where can I download LivesOne Wallet App?
A: Android users can go to LivesOne official website http://lives.one to download the wallet app while iOS users can go to the Help Center on the official website to check for app download guides. Or you can also sign in to the hosting center on http://lives.one from both Android and iOS devices to use the LivesOne Wallet web version. The features between the web version and the app version are the same.
Q15. Can I mine LVT without LivesOne Wallet?
A: Yes you can. Whether you have installed LivesOne Wallet app will not affect your LVT mining process.
Q16. Can LivesToken be traded?
A: Sure you can. You can ask to buy or sell LVT in LivesOne community, or introduce LVT to other cryptocurrency community to expand the scope of the transaction. New LVT transaction methods will be added soon, please stay tuned.
Q17. When can LVT be listed on exchanges?
A: At the first half of 2018. By that time, LVT will be launched on several major exchanges across the globe for public trades.
About Other Questions
Q18. What if the above Q&A can’t solve my problems?
A: You can always join our official Telegram group at https://t.me/livestokenlvt to throw in your questions. We’ll make sure to answer them in time. Plus, you can check our official website http://lives.one to check and download our Whitepaper.