INTERNET CITY, DUBAI, May. 19, 2022 – LBank Exchange, a global digital asset trading platform, will list LeisureMeta (LM) on May 25, 2022. For all users of LBank Exchange, the LM/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on May 25, 2022.
To build a metaverse where digital assets are in the form of NFT, a blockchain platform called LeisureMetaverse is created for recording and governing the NFT minting and trading, and DAO activities, while building DApp services such as playNomm and incentive model using LeisureMeta (LM) tokens. The LM token will be listed on LBank Exchange at 18:00 (UTC+8) on May 25, 2022, to further expand its global reach and help it achieve its vision.
As the rise of the digital economy is near, more people will invest their time on creative activities. LeisureMetaverse is a platform for this new era where leisure is the lifestyle and the economic activity. It records and governs the NFT minting and trading, and DAO activities. In fact, it is impossible to implement this kind of service directly on Ethereum, due to technical and economic barriers. LeisureMetaverse platform provides DApps on it, coexisting with Ethereum and maximizing the utility of blockchain at the current level of technology.
The first DApp Service on LeisureMetaverse platform is called playNomm. In playNomm, any entities can easily mint an NFT using their creative contents. Every owner of NFTs will become a member of DAO and will be rewarded by the playNomm token economy. By its community driven reward structures and its own deflationary token, playNomm gives price certainty to its NFTs. This will systematically induce a spontaneous trade of NFTs between users, solving the limitation of the liquidity in NFT Market.
The LeisureMetaverse platform builds an incentive model using LeisureMeta (LM) tokens to promote continuous activity of DAOs. In the early stage of the platform, every DAO is governed by the common rule set by the foundation DAO consist of team members and advisors. Later, as the data is accumulated over a period, the governance will be gradually transferred so that each DAO can governs itself by setting its own rules. The goal of playNomm is to make every DAO to be a self-regulatory organization.
About LM Token
LeisureMetaverse issued its own utility token LeisureMeta (LM) to energize trade of NFTs and increase the valuation of NFTs. LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC-20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum. Every NFT Mint and trade in playNomm requires small amount of fee. All the fees paid by user will be burned by the system. The burn-and-mint equilibrium (BME) model will prevent inflation keeping the ecosystem healthy.
The total supply of LM is 5 billion (i.e. 5,000,000,000) tokens, of which 60% is provided for DAO rewards, 5% is allocated to biz partners, 13% will be used for research and development, 10% is provided for sale, another 10% is allocated to the team and advisor, and the rest 2% is allocated for PR.
LM will be listed on LBank Exchange at 18:00 (UTC+8) on May 25, 2022, investors who are interested in the LeisureMetaverse investment can easily buy and sell LM token on LBank Exchange by then. The listing of LM on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
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About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
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