Liracoin (LIC) is a cryptocurrency built and applied to the blockchain.
The blockchain is a decentralized open ledger in which users enter information and information resources, such as cryptocurrencies, and use it safely thank the veridicity made possible by the consensus system.
LIC is the abbreviation of Liracoin.
Liracoin is a medium of exchange.
Everyone has the right to choose one’s own money, how to manage it and with whom to share it, worldwide, with no territorial, governmental and time restriction. Liracoin is a project born because of this right. This will be possible only by bringing together one great community to the creation of a decentralised economic system.
In a wave of thousands of cryptocurrencies, Liracoin has a chance to last over time, thanks to its community. Liracoin has been a community-led project since its inception: the focus of our project is the person. If value lives in users, there cannot be a better strategy.
Liracoin is different from other cryptocurrencies because it was born with the aim of creating and serving a community. The goal is to make its level of spendability as high as possible. The more people adopt Liracoin as their currency, the more online and offline businesses accept it to receive and send payments. The more the community that uses the currency to exchange goods and services grows, the more the value of money increases. After hundreds of years, we can win in the system becoming in charge of your money again with Liracoin.
Cryptocurrencies are universal. This makes transactions easier that, unlike bank transfers, do not require changes, additional costs and long waiting time. There are about 2.2 billion people who cannot access traditional methods of exchange, not having enough money to own a bank account. Since the cryptocurrency is not constrained by exchange rates, interest rates, transaction fees or other charges in any country, it can be used internationally without territorial limits. This, in turn, saves time and money, often necessary for transfers by traditional means.
The number of Liracoin coins that will be produced is 60,801,176, with different levels of complexity.
Liracoin was founded by 19 people of different nationalities who financed the creation of the Liracoin infrastructure with the aim of creating a new blockchain management model, becoming the first members of the DAMO.
Each participant in the creation of the DAMO has invested $500,000.00 for the creation and launch of the Liracoin project. Funds managed by the DAMO are protected through multi-signature wallets.
In the official white paper of Liracoin. Download it from liracoin.com available in English, Spanish, Portuguese, Hindi, Russian, German, Italian and French.
Every developer can check how Liracoin exactly works on github.com/liracoinad/liracoin. GitHub is a Git repository hosting service and it provides a Web-based graphical interface. It provides access control and several collaboration features also, such as a wikis and basic task management tools for every project.
Follow Liracoin's grow on coinlistcap.com, coincapital.live, satoshinakamotoblog.com, cryptosquare.pro and cryptoindexlive.org.
Liracoin's strength is every person determined to adopt Liracoin as their own currency. Adopting Liracoin's means choosing it and maintaining it over time in order to contribute to the creation of an ecosystem in which Liracoin is the medium of value exchange.
Liracoin has one exchange, Licex.io. Once an extensive peer-to-peer structure is established, exchanges will no longer be necessary and people will be able to exchange with each other directly. Liracoin is against the abuse of exchanges, preventing the entry of speculators and big buyers ready to resell. There mustn't be huge wallets that can manipulate the market; the secret lies in distribution, not in the centralization of wealth. Thanks to this system, Liracoin focuses on the distribution of wealth and the payment instrument.
Cryptocurrencies are not a tool for speculation. Speculation is the reason for the birth of cryptocurrencies that are born every day invading the market, which will not survive in time, because you cannot create an empire only with those looking for earnings. Once the value of a cryptocurrency rises, they will be the first to sell it and abandon it, looking for the next one to speculate on.
A cryptocurrency is a currency that can be chosen. It may be our form of choice, a choice of a free life from any limits imposed by our governments and banks.
The value of Liracoin is the network of people who participate in the creation of new coins and using Liracoin as a medium of exchange. No government or institution can manipulate the quantity or price of Liracoin. Users determine the value of Liracoin based on demand and supply.
Liracoin is a HYBRID COIN based on different technologies: Litecoin, NovaCoin Developers, PPCoin, Pivx and Monero. Liracoin technology is constantly evolving: the next stage will be in the 2019 after the Hard Fork.
Liracoin can be purchased through Licex.io exchange or by peer-to-peer trade.
You can keep your LIC in the Licex.io wallet, the LIC wallet on Liracoin.community and by downloading the offline wallets available above.
By delegated proof-of-stake on liracoin.community.
The BTC has an average sending time of one hour. Liracoin only 3 minutes. In the future it will be instantaneous.
Payment by Liracoin has a very low cost and sometimes no transaction costs, it all depends on the priorities of the user. The transaction cost is 0.0001.
Transparent flow of LIC transactions Liraexplorer.com
Liracoin’s POS model reduces the risk of hacker attacks, data manipulation or concentration of value and monopolization of the market. Liracoin transactions must be approved and verified by the peer-to-peer network through the POS system. This approval allows the community to have a role in the life of the currency and, at the same time, be a guarantor of security. No organization or individual can manipulate Liracoin and the network remains secure even in the event of an attempt to hack and malware.
Payments with Liracoin can be made without linking personal information to any transaction. Using blockchain technology, all completed transactions are visible but all personal information remains hidden. So it is possible to know when a coin has been spent, but not who spent it. While a public address may be visible, personal information is not related to it, giving transparency to the public register and maintaining the security of personal information in the process.
LIRAFIX (LIX) is a token within the Liracoin ecosystem. The LIRAFIX generated are convertible into Liracoin. Instead of dollars, purchases and commissions will be based on LIRAFIX, because LIX gives people the opportunity to trade without the risk of exchange rate changes on the Liracoin world.
Important: once LIRAFIX have been converted, they can no longer be exchanged in Liracoin or bitcoin, but can only be used to activate SmartDrop, be stored in your Stake wallet or transferred to another user.
In the proof-of-work transactions are verified through the resolution of a complex mathematical calculation: this activity is called mining. The mining activity has two purposes: to verify the legitimacy of a transaction and to create new digital currencies, rewarding the miners for the execution of the previous activity.
Liracoin POW ended in 2019 passing to 100% POS technology.
Proof-of-stake is a process of validating transactions through distributed consent. Unlike the Proof-Of-Work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the Proof-Of-Stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. The stake of the user wallet is stronger if more coins are present in that wallet.
The more validators will open their wallets to activate the stake, the more the network will become safer because every single wallet acts as a validator, hence a decentralized network.
Pre-mined Liracoin were coins that were mined in the first block of the Liracoin blockchain. They were mined by proof-of-work. The block of first coins can be viewed here: https://www.liraexplorer.com/block/00000364ad2d881fd2afc2e5bf13ee407c2d5d4dacac5708b02ffb0bd50b9759
Increased difficulty of distribution depends on several factors:
- The number of people participating in the Liracoin project.
- Transaction volume and Liracoin currency purchases.
- How long the currency exists.
It is a multi-crypto fast exchange system. Please check the Liracoin white paper for more information.
Liracoin was founded by 19 people of different nationalities who financed the creation of the Liracoin infrastructure with the aim of creating a new blockchain management model, becoming the first members of the DAMO.
Each participant in the creation of the DAMO has invested $500,000.00 for the creation and launch of the Liracoin project. Funds managed by the DAMO are protected through multi-signature wallets.
Liracoin is an organization distributed in a blockchain, managed by a DAMO.
Liracoin DAMO is the first decentralized autonomous meritocratic organization.
A decentralized autonomous meritocratic organization has the ability to use blockchain technology to provide a secure and digital ledger that tracks financial interactions on the internet, using its strength to prevent counterfeiting, thanks to the concept of “timestamp”, so that every DAMO participant can check.
The focal point of the blockchain is that there is no central authority, it is said to be decentralized. The safety and proper behavior of the system depend solely on its users, by a consensus distributed among them.
In the DAO system, people can give their vote only according to the amount of coin; in the DAMO system are recognized further merits, which do not depend on the number of coins held but on the value brought to the community. To access the DAMO, there are different requirements including the amount of financed money, participation, meritocracy, community, technological support, people with whom the user shared the Liracoin with, and the training service held in the community. It is not just about economic availability (as in the DAO structures); Liracoin wants to give value to those who can support the communities.
The DAMO is based on an internal voting process built on its network of data wallets under management by DAMO. The DAMO allows all DAMO participants to propose changes or updates to the currency.
The proposals are voted by DAMO monthly. DAMO participants are the only parties with the right to vote on these. Their choices are Yea, Nay or Abstain. Proposals must have at least 10% more votes of Yea than Nay.
The initiatives the community deems necessary, whether legal, marketing or otherwise, can also be presented directly to the network through the internal blockchain, where 90% of the coins collected by the DAMO through Smartdrop are invested to finance those initiatives, and 10% as a reward for DAMO participants.
13% of the premined coins will be distributed through the Smartdrop and Staking systems.
90% of the fund will be used for the development of the project. 10% is divided as a prize among DAMO participants.
Yes, the DAMO currently has 5 levels of participation.
Yes, it is possible to enter the DAMO and advance in level.
Liracoin Community is a platform where users can manage their Liracoin and produce new coins through Stake functions. Liracoin Community allows the creation of its own Liracoin team by a referral system.
To access the community platform you have to register on it. The Liracoin Community platform operates with a referral system, this means registration must take place through the invitation of a user already within the community.
Yes, the registration on Liracoin Community is totally free. Once sign up, you will find every service through which you can buy Liracoin and earn from them.
No, Liracoin Community members can choose whether to specify their real name on the public profile or remain known as a pseudonym.
Liracoin Community is the evolution of Liracoin Club. The main functions are the same, the appearance is fully-developed and the simplicity of use improved.
The most striking change is the evolution of the Liracoin logo: the first version represented a coin, today the logo represents our community, pieces join together to create a great community for the whole world.
The referral link is a registration link to the platform that contains your account number. Through this link, a person can join the community by being part of your network.
All users have unique account numbers which they can share with people who want to join the community. When a new user registers using an existing user's referral link, the new user will enter the club as a part of the referring user's network.
You can search "liracoin" on your search engine. You will easily find people who have shared their referral link, which you will recognize as www.liracoin.community/LIC=XXXXXXX. We advise you to contact the person through whom you register.
As a registered member of liracoin.community we provide your personal brain key. You need to copy and paste the full list during login, it helps to increase security. We recommend that you do not lose your key, as it's really very important. Keep the brain key in a protected file on your computer (you can set a password to your text files) and write it down on paper also. Keeping it on your phone can be dangerous, especially if you lose it!
We can not help you recover it unless you know the answers to the secret questions. NEVER share it with anyone, not even with Liracoin support!
No, the private key is randomly generated to guarantee the security of every user. It is not possible to customize it.
1. Go to the Liracoin Club login page, and select the link labeled "Generate your new brain key". Then select "Forgot Security Questions" and enter the email address linked to your account.
2. You will receive an email with the link to reset your security questions. Set your ques- tions and answers, and please be careful to not lose them!
3. Once done, re-enter the questions with the corresponding answer + your email linked to your account.
4. Check your email, and you should now have a new key! Check the spam folder. You can then log in.
The PIN helps to increase the security of your account while you use it. The PIN expires when you log out from your account, so you can choose a new one every time you do a new login.
No, it is not possible.
No, you cannot change it.
The difficulty of producing and distributing coins (via Smartdrop and POS) has doubled since the first day of Liracoin production.
Smartdrop is a hybrid of an ICO that allows the distribution of Liracoin but, unlike an ICO, in which speculation and minimum security prevent members from knowing what is going to happen, users know that:
- Liracoin distribution through Smartdrop is reduced over time depending upon the difficulty of producing Liracoin (which increases over time).
- Smartdrop is a function that only original members can enjoy. It acts as a bonus to thank those who first placed their trust in the Liracoin project. Smartdrop will last only four years. The Masternode function will then be displaced. The Stake wallet function always remains available.
Licex.io is the first exchange authorized to buy and sell Liracoin via Bitcoin.
You can purchase Liracoin (LIC) exclusively from exchange with other users. Licex exchange platform makes it fast and easy to buy Liracoin with your bitcoin.
Sign up on Licex.io and confirm your account via email. Deposit bitcoins in your wallet by clicking the bitcoin button in your account. After sending it, it takes about 30/60 minutes to confirm your deposit. Once the balance is confirmed in your wallet, you can purchase Liracoin by BTC.
Licex members can choose whether to specify their real name on the public profile or remain known as a pseudonym. We recommend uploading the actual data in case of fraud in your account.
Licex advantages:
- Artificial intelligence that processes the withdrawals within 24 hours by checking the blockchain of bitcoin and Liracoin to confirm the actual existence of the coins.
- Peer-to-peer direct exchange.
- Purchase limit of maximum 200 LIC per week.
- Support 24h.
Liracoin (LIC) by bitcoin (BTC) and vice versa.
1. Deposit bitcoin.
2. Once confirming the bitcoin balance in your wallet, you can purchase Liracoin on the Exchange page - licex.io/exchange
3. Activate the exchange page through the OTP: you will receive an email with the code (always check the spam folder).
4. Enter the quantity you want to purchase in the Units field.
5. Enter the bid amount in BTC you want to purchase Liracoin.
6. Click on the BUY button to enter your BUY ORDERS.
IMPORTANT: your bitcoins inserted in the BUY ORDERS are blocked until the order is processed by other users or canceled by you.
1. Deposit Liracoin.
2. After confirming the Liracoin balance in your wallet, you can sell Liracoin on the Exchange page - licex.io/exchange
3. Activate the exchange page through the OTP: you will receive an email with the code (always check the spam folder).
4. Enter the quantity you want to sell in the Units field.
5. Enter the bid amount in BTC you want to sell Liracoin.
6. Click on the SELL button to enter your SELL ORDERS.
IMPORTANT: Your Liracoin remain stationary in the SELL ORDERS column until the sale is successfully processed by other users or canceled by you. Once your Liracoin will be purchased you will receive bitcoins in return and this action is not voidable.
For the exchange of Liracoin, you will be charged 0.2% trading fees from buyers and sellers.
For the withdrawal of Liracoin, you will be charged 0.2% trading fees.
No, there are no sales limits.
200 LICs per week.
Once bitcoin is deposited at Bitcoin or Liracoin at the personal address it will be confirmed and available for trade with the network after 3 confirmations. The transaction can take 30 minutes for the bitcoin and 2/4 minutes for Liracoin, or more time depending on the network so do not worry. If it takes more than 24 hours, write to the support.
The value of digital currencies constantly fluctuate because they are bought and sold every day by hundreds, thousands or even millions of people who exchange them with other currencies, for speculation or to use them for purchasing. A problem arises when large quantities of coins are sold by big players. They are dangerous because, with a single sale, they can strongly influence prices. They can make a price rise quickly when they buy and as quickly make a price go down, when selling. A large drop in price can also trigger a panic sell by other currency holders. The Licex system was built to prevent big players from participating, by setting an expense limit for transaction.
KYC or Know Your Customer is the policy followed by Licex to determine the identity of their customers to assicure their account's safe. You have to fill in the form with your details and to make a photo showing your face with your ID and a sheet with the today’s date dd/mm/yyyy, your surname - name, and the Selfie Number that is shown to you in the KYC area (at the top left of the KYC page).
Yes, it is to send and receive coins.
The support share with you the reason why they refuse your verification request. If this happens to you, you may have entered the wrong data, or the image you uploaded is not valid - maybe your identity card is not legible, or you have written the wrong Selfie Number.
