LIY Token: Web3 Live Incentive Token for the Lily Platform

2025-01-14, 06:32

LIY Token: at the heart of advancing the Web3 live streaming eco

The LIY Token is the native cryptocurrency of the Lily platform, designed to optimise the way live streaming and commerce marketplaces interact with each other through Web3 technology. As part of the Polygon blockchain eco, LIY tokens leverage the low-cost, high-throughput nature of the network to power live streaming interactions and token incentives. This convergence not only enhances engagement between creators and users, but also injects new vigour into the Web3 business model.

Unlike the traditional one-way live broadcasting model, Lily platform builds a many-to-one interactive eco through Web3 technology, covering live broadcasting, merchandising and community incentives, etc. LIY tokens not only serve as a medium for internal transactions and interactions within the platform, but also promote a long-term connection between platform users and creators through its incentive mechanism.

Ecological Advantages of Lily Platform

The Lily platform uses live streaming as an entry point, combining e-commerce and blockchain incentives to create a multi-functional and decentralised interactive eco. The following are its main features:

1.Many-to-one interaction mode: supports real-time interaction between creators and multiple users, while enhancing the interactive experience through token incentives.
2.Blockchain reward : leveraging Polygon‘s low-cost and high-efficiency features, it provides users with a decentralised reward distribution mechanism to enhance the sustainability of the platform.
3.Comprehensive Functional Ecology: From live broadcasting to merchandising, Lily platform provides a one-stop business solution, creating more value for creators and users.
Through these features, the Lily platform not only increases user engagement, but also opens up diverse profit channels for content creators.

LIY Token Economics: Excellent Incentive Mechanisms

LIY Token Economics has been carefully designed to balance token liquidity, scarcity and long-term value growth. Its total supply is 3 billion tokens, and the allocation strategy is as follows:

Allocation Category Percentage Number of Tokens Release Rules
Eco 40% 1.2 billion TGE: 7.5%, 48 months linear release
Investors 10% 300M 36 month lock-in, 12 month linear release
Team 10% 300M TGE: 14.6%, 36 months linear release
Team 10% 300M 12 Months Locked, 48 Months Linear Release
Advisors 3% 90M 12 month lockup, 48 month linear release
Community 10% 300m TGE: 10%, 24 months linear release
Marketing 10% 300M TGE: 10%, 24 months linear release
Incentives 7% 210 million 1 month lock-in, 48 months linear release

This allocation scheme is designed to ensure the sustainability of the eco while incentivising community participation and supporting the platform’s technology development and marketing. In particular, the 40% eco allocation reflects the importance the Lily platform places on building an active community and long-term growth. In addition, the design of the locking and linear release mechanism helps to avoid market speculation and stabilise the price volatility of the tokens.

The core functions of LIY tokens include:

Payment and Transaction: Users can use LIY tokens to pay for platform services.
Community Governance: LIY token holders are able to participate in the platform’s governance decisions and jointly shape the direction of future development.
Reward Mechanism: Through token incentives, LIY encourages users to engage more deeply in content interaction and business activities.

Conclusion

LIY tokens, as the core asset of the Lily platform, are leading the transformation of the Web3 live streaming eco. Through innovative economic models, diversified application scenarios and Polygon based technical support, LIY tokens bring a new value experience to creators and users, while driving the development of the Web3 commerce market in the Asia Pacific region.

With the further improvement of the platform eco, LIY Token will become a key link connecting creators, users and business activities, opening up a new development direction for content creation and e-commerce.

Risk Warning: The cryptocurrency market is highly volatile, LIY price may be be affected by market sentiment,, changes in regulatory policies, etc., investment should be cautious.


Author: Sherry S., Gate.io Researcher
*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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