Lyvely, a SocialFi platform revolutionizing the creator economy, is making waves with its ambitious $3 million airdrop campaign aimed at incentivizing early adopters and creators. With notable investors like Phoenix Group and Cypher Capital backing the project, Lyvely is set to distribute 20,000,000 LVLY tokens to a rapidly growing community that is embracing its innovative Web3 features.
Operating on the BASE network, Lyvely integrates Web3 tokenization within a user-friendly Web2-like interface, making it easier for users accustomed to traditional social media platforms to transition to the world of decentralized finance. The LVLY token, which is essential to Lyvely’s ecosystem, is scheduled to launch in the fourth quarter of 2024 at a price of $0.15 per token during the token generation event (TGE).
Co-founder Dave Catudal is leading Lyvely’s strategic direction, emphasizing the platform’s dedication to the booming trillion-dollar freelance and creator market. “The LVLY token is at the core of Lyvely’s vision,” Catudal explained. “Our airdrop campaign is not just about distributing tokens, but about building a thriving ecosystem where every participant can benefit.”
Bill Qian, Chief Investment Officer at Phoenix Group and Chairman of Cypher Capital, highlighted the transformative potential of blockchain technology in the creator economy. “Blockchain plays a crucial role in enabling fair monetization for digital creators,” Qian said, underscoring the significant impact Lyvely is poised to have in this space.
The Lyvely airdrop campaign will unfold in two phases, with each phase distributing half of the total token allocation. The first phase, starting on August 19th, will reward users for basic interactions like setting up an account and engaging with content creators. The second phase, beginning on September 16th, will focus on more advanced tasks such as community building and referrals to deepen user engagement and loyalty to the platform.
One unique aspect of the LVLY token distribution is its structured unlocking schedule, designed to stabilize market prices after the launch. Token recipients will receive 20% of their holdings at TGE, followed by a six-month daily linear vesting schedule facilitated by Lyvely’s partner, Sablier.
In an effort to bridge the gap between traditional and decentralized networks, Lyvely has partnered with leading FinTech firms to streamline the digital wallet experience. Users can create wallets using social logins and manage their LVLY tokens directly from their profiles, simplifying the process of cryptocurrency transactions.
With a full compliance license from RAK Digital Assets Oasis (RAK DAO) in the MENA region and a stellar rating from Hacken’s smart contract audit, Lyvely is prioritizing both security and usability. As the platform gears up for its TGE, its focus on user-friendly features and robust security measures positions it as a frontrunner in the evolving SocialFi landscape, promising a seamless blend of social interaction and financial empowerment for creators worldwide.
