Lyvely’s planned ICO intends to make it a major SocialFi player, helping artists and businesses monetise their content internationally.
Designed to revolutionize the monetization of content and services by creators, entrepreneurs, and freelancers, Lyvely is a platform. Lyvely intends to become a prominent participant in the SocialFi sector by integrating decentralized finance with social networking through an Initial Coin Offering (ICO) on October 8-9, 2024.
A central feature of the platform will be the launch of its utility token, $LVLY, which will allow users to access services, receive rewards, and partake in governance. The Beta launch in Q2 2024 attracted more than 25,000 users and creators, which generated early revenue and demonstrated substantial interest in the platform.
The UAE’s RAK Digital Assets Oasis granted Lyvely the first-ever SocialFi business license, thereby establishing a standard for compliance in the region. $LVLY’s legal registration as a utility token reinforces its intended purpose of facilitating platform operations and user engagement. Through a strategic token sale and venture-backed equity, Lyvely has raised $12.5 million in funding to support future development and partnerships. Lyvely intends to launch $LVLY to the broader cryptocurrency community in Q3 2024 by executing its Token Generation Event (TGE) and implementing a global go-to-market strategy.
Lyvely has submitted an application for a VARA UAE license (Virtual Assets Regulatory License), which, upon approval, would establish it as a regulated participant in the regional market. Users will have the ability to access the company’s services on mobile devices through the distribution of its V1 mobile app.
Furthermore, Lyvely intends to provide global fiat payments and remittance services in 60 international markets, thereby establishing it as a genuinely global platform. Early users and stakeholders will have the chance to interact with the ecosystem through an airdrop campaign of 20 million $LVLY tokens. Upon securing the license, the platform’s global launch in Q4 2024 will be a significant milestone, indicating its status as the first VARA-licensed SocialFi platform.
The listing of $LVLY on Tier 1 Centralized Exchanges will increase its accessibility to a broader audience of investors and traders. Users will be able to more easily convert between fiat and cryptocurrency with the introduction of a fully licensed on-ramp and off-ramp solution by Lyvely. Additionally, the introduction of a fintech product (the Creator Card) will offer simplified solutions for content monetization. $LVLY holders will be able to receive rewards and contribute to platform stability through the introduction of a staking program.
Lyvely intends to expand its market presence by implementing a Series A equity raise and acquiring additional Tier 1 exchange listings in early 2025. Creators will have access to improved monetization tools in the V2 mobile application. In an effort to streamline the production and engagement of content, Lyvely will also employ AI creator tools. The objective of these advancements is to enhance the functionality of $LVLY and establish partnerships that will be advantageous to all users of the platform.
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