DeFi Reviews

Review Lovelace ($LACE) – A decentralized financial payment network

Lovelace created a fully differentiated NFT Platform which includes creator tools that reflect next-generation GameFi (Defi+Gaming) Play-to-Earn concepts.

Concept project – What is Lovelace?

Lovelace is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LACE, to facilitate programmable payments and open financial infrastructure development.

Outstanding features

What is the project trying to achieve?

By building Lovelace aim to:

  • Provide a full-service NFT platform designed to enable creators and brands to build utility into their digital products
  • Provide unique, first party Play-to-Earn NFT experiences 
  • Bridge the gap between traditional gaming and finance
  • Improve imperoperability between legacy Networks and the Cardano Blockchain
  • Pioneer NFT development, infrastructure, standards, and utility on Plutus (Cardano Smart Contracts)

What is unique selling point?

It is built on an ecosystem of robust smart contracts that are responsible for the listing of NFT assets, management of NFT staking and reward programs, management of purchases, auctioning, transfers using NFT, and standard fungible tokens, and establishing of NFT metadata on IPFS within the Lovelace platform.

Off-chain data (e.g. User accounts, unfulfilled bids, etc.) will be managed by a centralized backend system that powers non-blockchain applications as well as the user interface.

Lovelace by creating a broad solution that encompasses the curation, conceptualization, creation, and sale of high-utility NFTs across multiple blockchain topologies, bring value to NFT issuers and purchasers

Lovelace empowers creators to realize the potential of the metaverse through its NFT marketplace, Play-to-Earn gaming engines, smart contracts, launchpad, and partner integrations.  “Metaverse as a service” helps projects envision newfound experiences with NFT ecosystems, increasing engagement, driving repeat patronage, and opening up opportunities for new economies and trade.  Develop or participate in NFT experiences, play-to-earn games, digital economies, and worlds across Cardano and other chains using Metaverse-as-a-Service toolkit:

  • NFT marketplace: Present and sell NFTs
  • Smart contracts: Mint and add utility to NFTs, incl. DeFI attributes
  • Play to earn gaming engines: Create own blockchain mini-games
  • Partner integrations: Integrate NFTs and games across the metaverse
  • Launchpad: Raise awareness and capital, and launch blockchain game or NFT collection
  • Cardano connector: Enable the porting of Ethereum NFTs to Cardano and other blockchains to increase value and community size

RoadMap

Technical data

Key metrics 

  • Token Name: Lovelace
  • Ticker: LACE
  • Blockchain: ADA
  • Token Standard: ERC20 
  • Contract: Updating…
  • Token type: Utility-token 
  • Total Supply: 250,000,000 LACE
  • Circulating Supply: Updating…

Token allocation

Vesting schedule

Updating…

Token use case

Purchase $LACE tokens to benefit from the following:

  • Discounts on NFTs and transaction fees
  • Access to IDO and INO launchpad
  • Play to Earn game transactions
  • Native staking
  • Governance

Token sale

Lovelace IDO Whitelist

  • IDO Date: Tuesday, November 23rd
  • Initial market cap: $397K

How to own the token?

Buy $LACE Token at IDO on BSCPad and ADAPad on November 23

Markets and Community

Community

Lovelace has crossed the mark of 67,000 Followers on Twitter.

Backers

Team/ Founders

Updating…

Partners

Conclusion and analysis

Lovelace is focused on the Cardano ecosystem but will support many networks such as Ethereum, Binance Smart Chain, Polygon, Solana, and Astar.  This project breathes new life into an industry that was relegated to collectibles and digital art, with the full support of robust blockchain technologies. Help shape the next generation of NFTs to provide more value for their creators, owners, and users alike.

Find more information about Lovelace:

Website: https://www.lovelace.world/

Twitter: https://twitter.com/LovelaceWorld

Telegram: https://t.me/lovelaceofficial

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures

Victor

Recent Posts

Bitcoin Trading Volume Skyrockets to $145 Billion as Retail Investors Return

Bitcoin trading volume has surged to an all-time high of $145 billion in the last…

35 minutes ago

Italy Considers Reducing Proposed Italy Crypto Tax to 28%

Italy considers lowering its proposed Italy crypto tax increase to 28% from an initial 42%,…

4 hours ago

Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with…

4 hours ago

Elon Musk Invests $200M in Trump, Treats Government Like X (Twitter)

Elon Musk applies his X (Twitter) management style to politics. His political strategies, including voter…

5 hours ago

PayPal Stablecoin PYUSD Now Available for Cross-Chain Trading via LayerZero

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

6 hours ago

New Department of Government Efficiency Will Be Led by Musk

President-elect Trump plans to establish the Department of Government Efficiency, led by Elon Musk and…

7 hours ago

This website uses cookies.