The case for LoMoCoin:
http://lomocoin.com/english/
https://www.facebook.com/Lomocoin-173210476508224/
Lomocoin (LMC) is the world’s first built-in crypto-currency entertainment app which combines an augmented reality (AR) game to real maps and real life to drive commerce. The goal of LMC is to bring never before seen traffic, trade and monetizing opportunities to business while giving customers a fun AR game that could afford them special discounts. Like Groupon which offers business incentives to sell through their app and give customers the discounts, LMC rewards business with traffic and allows customers to explore the map and collect LMC’s that can be redeemed for discounts or goods at participating stores.
Current news: Possibility for an end of July conference and update on development (which is confirmed). August app revamp to make LMC 2.0 (which is confirmed). Expanding LMC app to other countries (which is confirmed). Slack channel for western users (which is confirmed). Partnership with a game company (the rumor).
The LomoCoin 2.0 app will support multi-languages and multi-cryptocurrencies. They plan to cooperate with local partners in Japan, Korea, Southeast Asia, North America, Europe, Australia, and Russia where blockchain and cryptocurrencies industry is growing fast to carry out innovative advertising, for a attention and traffic driven economy.
Why does that matter: Conference update means they have exciting news to share. Possible game partnerships? They already have a working product with millions of downloads in China. Anything new and exciting could rocket the coin, and give it more attention.
LMCs four business models:
Pattern 1:
Shop derived: LMC ecosystem is made as shop owners give out LMCs as rewards to drive their business. Players contribute human traffic in the LMC ecosystem through a treasure hunt experience in the real world and collect LMCs which can be used as coupons and currency to purchase at participating stores.
Value to player: LMC’s are collected to obtain real world benefits and products at participating shops.
Value to owners: Create an incentivized augmented ecosystem to drive human traffic and thus drive business as players are brought to shop owners.
A whole tourist experience or even something as simple as a date could be built around this platform. Imagine sight seeing around a town and collecting coins which at the end of the day could result in 50% coupon for a meal. Every kid who has a cell phone can now contribute to the LMC ecosystem by playing the treasure hunt game to collect LMC’s which can be used to shop something as small as candy or towards maybe a gaming console.
Pattern 2:
LMC officials can set appropriate LMC’s at popular events, parks, shops, and tourist areas to drive LMC ecosystem. Build partnerships with brands to contribute to LMC ecosystem with LMC ads.
Pattern 3:
Tour guide gain LMC’s through LMC referral system to introducing to tourists.
Value to shops: Souvenir shops and restaurants can set LMC’s to drive human traffic to their shops. Thus, increasing competition with other shops.
Value to tourists: Travel/sight see while hunting for LMC’s which can be used as coupons at participating shops.
Pattern 4:
Player derived: Players create their own treasure hunt for friends and family. Think group activities, school games and competitions.
Current price: $0.075572
24hour volume 2,868 BTC/ $7,773,790
Market cap: $15,862,703
Other factors that could increase the value of LMC:
- Services and goods that are offered by shops for LMCs
- Popularity of the app as people create the LMC ecosystem between players - players and players to customers
- How game developers see this as an opportunity
- Outside investors interest as LMC grows abroad
Cons: Their talented devlopers giving up.
Do I have a stake in LMC? Yes. Is it worth the 7c investment? Yes. FYI I am biased and bullish on this project like I was for ETH when I bought it back in December because I believed in what they were trying to accomplish. However, as always, be cautious. Always do your own research. Invest in what you believe in. In the end, thats what makes a sound investor.
Great coin! Huge potential here~
good prices to buy in!!! this stock shoots up 100% on news..
Their newsletter, also being visible on their website :http://lomocoin.com/english/html11/details49.html date of 21th of june They are announcing big news for july and august with new exchange being added for their lomocoin v2 and another ICO launch for another project designed to make lomocoin economic system expand. I can foresee a swap for old lomocoin to new coin means it gonna be a worldwide exposure of lomocoin and price will for sure go insane ;) "Third, an SPV light purse based on LoMoCoin blockchain will also be released in late August. More importantly, based on the new LMC SPV wallet (Android and IOS) architecture, the overseas developer community will launch a series of fast landing applications, and all of these applications will be open source. These applications have a huge market scale and potential, and overseas promotion and operational resources have been prepared. By then, based on the LoMoCoin blockchain, a totally decentralized product completely different from LoMoCoin APP of marketing advertising model will be released. Welcome individuals and teams in global range to join us. By using this new open source product, you can reach hundreds of thousands users in LoMoCoin community, which will help you start your own business fast and gain profits worldwide."
The app is called Neoprene (english translation), but it is not yet available in the US. There is a direct link here to the Chinese page where you can see screenshots and more details - http://android.myapp.com/myapp/detail.htm?apkName=com.lomocoin.lomocoin. It seems pretty interesting. Kind of like a scavenger/treasure hunting app in the real world ala Pokemon Go and whatnot. Like I mentioned in the post, lots of new updates coming per their recent (6/21) announcement. Multi-language/multi-currency support coming, and they are launching 2.0 shortly.
stable price despite most crypto going crazy down
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Nice post! I up voted you. Follow me I'll follow you, guys. 100%
surprised no one has read this yet tho
This coin will one of the greats in 2018 watch this space new whitepaper in English has been released amazing coin don't miss this opportunity