Lyvely Launches ICO to Transform SocialFi
Lyvely’s upcoming ICO aims to establish it as a key player in SocialFi, offering tools for creators and entrepreneurs to monetize their content globally.
Lyvely is a platform designed to transform how creators, entrepreneurs, and freelancers monetize their content and services. With an Initial Coin Offering (ICO) scheduled for October 8-9, 2024, Lyvely aims to establish itself as a prominent player in the SocialFi space, integrating social networking with decentralized finance. The launch of its utility token, $LVLY, will be a central feature of the platform, enabling users to access services, earn rewards, and participate in governance. The Beta launch in Q2 2024 drew over 25,000 users and creators, generating early revenue and indicating significant interest in the platform.
Lyvely received the first-ever SocialFi business license from the UAE’s RAK Digital Assets Oasis, setting a benchmark for compliance in the region. The legal registration of $LVLY as a utility token confirms that it is designed to support platform operations and user engagement. Lyvely secured $12.5 million in funding through a combination of venture-backed equity and a strategic token sale, which will be used to drive future growth and partnerships. In Q3 2024, Lyvely plans to execute its Token Generation Event (TGE) and implement a global go-to-market strategy, launching $LVLY to the broader cryptocurrency community.
Lyvely has applied for a VARA UAE license (Virtual Assets Regulatory License), which, if approved, would position it as a regulated player in the regional market. The company is set to release its V1 mobile app, providing users with access to its services on mobile devices. Additionally, Lyvely plans to offer global fiat payments and remittance services across 60 international markets, making it a truly global platform. An airdrop campaign of 20 million $LVLY tokens is scheduled, providing an opportunity for early users and stakeholders to engage with the ecosystem. The platform’s global launch in Q4 2024 will be a significant milestone, marking its status as the first VARA-licensed SocialFi platform if the license is secured.
The listing of $LVLY on Tier 1 Centralized Exchanges will expand its accessibility to a broader audience of investors and traders. Lyvely will introduce a fully licensed on-ramp and off-ramp solution, making it easier for users to convert between fiat and cryptocurrency. Furthermore, the launch of a Creator Card fintech product will provide streamlined solutions for content monetization. A staking program will also be introduced, allowing $LVLY holders to earn rewards and contribute to platform stability.
Entering new markets in early 2025, Lyvely plans to increase its presence through additional Tier 1 exchange listings and a Series A equity raise to support expansion. The V2 mobile app will include enhanced monetization tools for creators. Lyvely will also implement AI creator tools, designed to simplify content production and engagement. These developments aim to expand the utility of $LVLY and solidify partnerships that will benefit users across the platform.
In the second half of 2025, Lyvely will continue to focus on global scaling. The platform plans to increase the number of Tier 1 exchange listings to boost liquidity and visibility. The launch of the V3 mobile app will provide an improved user experience, incorporating feedback from previous versions. Lyvely will establish partnerships with celebrity athletes and athletic clubs to broaden its appeal and attract new users. The expansion of AI creator tools will further enhance the user experience, and the creation of an AI community and education center will provide additional resources for professional growth.
Lyvely aims to create a sustainable social ecosystem that integrates social interaction with decentralized finance. By combining social networking and blockchain technology, Lyvely’s goal is to empower creators, entrepreneurs, and freelancers to achieve financial independence and expand their businesses. The platform’s compliance efforts, including its pursuit of a VARA UAE license, differentiate it from other projects in the sector. With its utility token, $LVLY, and a comprehensive roadmap, Lyvely is positioned to become a significant player in digital finance and content monetization.
As Lyvely moves forward with its roadmap, its success will depend on its ability to attract a diverse community, form strategic partnerships, and fulfill its objectives of creating a decentralized platform that offers value to its users. The upcoming ICO will be a crucial phase, presenting early investors with an opportunity to support a project that is shaping the future of social and financial interaction.
