A cryptocurrency is a digital currency which serves mainly as a medium of exchange within a peer-to-peer economic system relying on cryptography to secure and verify transactions. Cryptography is the process of converting ordinary plain text into unintelligible text and vice-versa. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.
Liracoin is a cryptocurrency that can be used to carry out secure, anonymous, real-time transactions. Payments with Liracoin can be made without linking personal information to the transactions, by entering the address of the recipient and the desired amount through an application, either on your computer or on your smartphone. Liracoin is designed to have low or no cost transactions, with no territorial and governmental restriction.
Liracoin is based on blockchain technology, which means that monitoring coin generation and transaction authenticity is possible. All status and transaction information is public, but payment information is not. This means associating any information related to individual transactions with any specific user or company is impossible. Using blockchain technology, all completed transactions are visible, but all personal information remains hidden. 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. The transactions can be found on www.liraexplorer.com.
In the crypto world, what gives value to a cryptocurrency is the trust people put in it. A means of exchange has to be accepted, along with its interaction system. The turning point is when it becomes a deposit of value, a resource where people put their wealth.
Users, on the basis of demand and supply, always determine the value of money. The value of a cryptocurrency is given either on a currency request or on its payment network. Every day, the network makes transfers and puts into circulation new coins on the market through the verification of the transaction, affecting the value. For each coin issued on the market, there are users, with their computer skills and computing power, working to allow more coins to be issued. The value of the cryptocurrency is the network of people participating. Technology does not create prosperity. The people do.
Liracoin is a means of exchange and symbol of value, and its price is based on the relationship between supply and demand of the cryptocurrency, and on its use. People adopting Liracoin contribute to its increase in value when purchased and when used as a means of exchange.
Adoption For the first time, money can be our choice. Liracoin’s strength is each and every person who is determined to adopt it as his or her own money. Adopting Liracoin means choosing it, keeping it, and using it over time, so as to contribute to the creation of an ecosystem where Liracoin is the medium of exchange of value.
Ambassador Being a Liracoin Ambassador means to be the protector of wealth of the community, to be a tireless representative and trainer. The majority of people do not understand the nature of cryptocurrencies. The Ambassador is the one who studies and understands the blockchain world, spreading the truth about this revolutionary technology and sharing Liracoin, the cryptocurrency designed for our future.
Distribution of power Through the Liracoin protocol, it is possible to build decentralized infrastructures managed by subsidiaries (nodes) all over the world, where the user can access and benefit from a peer-to-peer decentralized infrastructure. There is no need of a central unit for controlling and managing the transactions. The users can automatically carry out transactions, and the transactions are checked and approved by other users as part of the network.
Protection of value The value of the cryptocurrencies fluctuates constantly, because hundreds, thousands or even millions of people trade or use them for their purchases. The problem arises when large quantities of money are sold by the big buyers. With one sale only, they can strongly affect the currency value. The Liracoin system is built to prevent the participation of the big buyers, as users have a weekly purchase limit of 200 LIC on Licex.io
Liracoin Club is an intuitive platform providing the user with the possibility of managing their Liracoins and producing new coins through Smartdrop and Liracoin DPoS, two exclusive features for members of the platform.
Liracoin Club offers the Smartdrop function, with which the user can buy parts of the coins, receiving a daily distribution of Liracoin. Liracoin uses a new concept of purchasing money at a defined value to get the extra percentage. This allows a gradual entry into circulation of the correct amount of Liracoins on the market, giving people time to become familiarized with the project and start using Liracoins for their transactions. Once the Smartdrop has been purchased, the user receives the distribution for 360 days.
The DPoS – Delegated Proof of Stake – is an evolution of the POS, allowing the user to generate new Liracoins by participating to the forging activity. Forging is another way to mine coins with the aim of validating the transactions and putting new coins into circulation. Participating in the forging is very easy: you only have to transfer your Liracoins from your Liracoin wallet to the LIC stake wallet. By making your coins available to the forging activity, you participate to the transaction validation, contributing to the security of the entire network. The coins stay in the LIC stake wallet for 500 days, and then gradually and automatically go back to your own Liracoin wallet.
The 500-day count down starts from the day the first Liracoin coin has been put in the LIC stake wallet. The earnings are generated daily based on the Liracoins put in the LIC stake wallet by the user. The more coins are put in the LIC stake wallet, higher will be the reward. The users receive each day the Liracoins generated in their Liracoin wallets, and then they can decide if putting these coins in the DPoS or not. Liracoins in the LIC stake wallet also follow the fluctuation of the value: this means that the user will earn either from the increase in value of Liracoin, and from generating new coins through the DPoS.
Liracoin rewards sharing because it is the most important contribution to our independent economic system. The community is a key element in the success of the project and of every member. Since its conception, Liracoin has been a community-driven project. The present and future of Liracoin depend on the people who decide to adopt it, use it and share it. To encourage the sharing and faster mass adoption of Liracoin, Liracoin Club was created, and you can access it at liracoin.club.
The Liracoin Club platform works with the referral system. Registration can only happen when a new user is invited by another user already part of the club. The platform automatically creates a referral link for every user, that they can use it to invite new members in their network. Sharing is rewarded with earnings. These rewards encourage sharing, the more the currency is used to exchange goods and services, the more the currency is increased in value.
Obviously anyone can get Liracoin without registering on the platform liracoin.club also, purchasing LIC on Licex.io exchange or through peer-to-peer trading, but the Liracoin Club functions, as Smartdrop and the referral system, are only accessible through the referral link of a user already presents in the platform.
Liracoin wants to be the greatest active community with the best widespread communication system. The aim is to encourage the user to participate actively in the value generation so that, as soon as the earning is received, the user is again motivated to participate more, thus creating more value. These rewards motivate the users in using the application of the Liracoin ecosystem and sharing with new people, so as to increase the number of participants in the network and consequently the value of the network itself.