Lucyd is developing an augmented reality-based cryptocurrency. Through the use of its LCD tokens, purchasers can help in the development and get an experience of augmented reality. Lucyd is developing an ecosystem of AR blockchain and an app store, known as Lucyd lab, that is going to give a peer review of the Lucyd content. In a short period of time, Lucyd is going to function as an extended version of the existing ecosystem of smartphones.
The data signal and processing power are going to come from the smartphone of the user and the primary interface is going to work as a mirror, which is AR optimized. Nonetheless, this platform envisions the blockchain of Lucyd lab as an ecosystem of a native app where people can download and develop the content solely through the use of Lucyd lens.
During this stage of technology, Lucyd Labs is going to act as a media store, decentralized app, and developer environment. This will free the developers of this platform from the burden of fees imposed on them by the current ecosystems.
Users will be able to purchase services and products of Lucyd by using the tokens of LCD. The price of LCD tokens and the number of tokens required to buy a product or service of Lucyd is going to depend on the floating exchange rate of LCD. The value of exchange rate is computed after a fixed interval and is going to be used to value the Lucyd products and services for its users.
During the development phase of this platform, all the costs will be borne by Lucyd. During the stage of production, app sales, licensing, and product sales, Lucyd will be able to generate revenue. A part of this revenue is going to be plowed back for the development of its products.
As more number of people will come to know about this platform through its campaign of marketing, more and more people will get an access to the market, which will generate surplus revenue from its app and product sales. Its marketing team is going to emphasize on increasing its earnings and expanding its brand.
Out of 100 million LCD tokens, half of them will be distributed amongst the community members during the token generation event. 30% of the tokens will be retained by the platform for long-term growth.
These tokens will remain locked for a period of six months from the end of the token generation event. 10% of the tokens will be provided to the initial team members, which will be locked for a period of one year from the last day of the token generation event. The remaining 10% of the tokens will be distributed amongst vendors and supporters of the token generation event.
The LCD tokens will be released on Ethereum blockchain. It has a unique design that matches the standard of token implementation. It enables users to easily hold and manage the tokens of LCD. If you are looking for more information, then refer to Lucyd’s whitepaper.
