LIPCHAIN - The Decentralized Ecosystem Providing Surfers With Sponsors, Unofficial Competitions and Year-Round Training Habitat

PRESENTATION

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Lipchain, a platform that will create a decentralized social network dedicated to surfing which will allow users to be paid for the content, they will publish on the app through a sponsoring system secured via smart contract has arrived.

"Sports are increasingly popular. Active promotion of healthy lifestyles gives fruit and more and more young people go to gyms to keep their bodies and bodies in excellent condition. However, some of them don't want to be constantly in the stuffy room, but prefer outdoor activities. Therefore, the popularity of sports such as surfing is starting to grow. But, unfortunately, it's rather difficult to find a place where you can get involved in this sport."

With that being said, the LipChain application allows surfers and sailors from all over the world to publish their photos and videos and earn money by practicing their favorite sports. Lipchain is a decentralized landscape that provides sponsorships for surfers, unofficial contests and year-round learning environments.

Before we go any further, please check out this video presentation to get acquainted

Now that I have your attention, let’s get right to it.

What exactly is LIPCHAIN?

LIPCHAIN is a decentralized Ecosystem which will unite the Global surfers community and also provide them with sponsors,unofficial competitions, year-round training habitat most importantly, the best possible conditions to practice Surfing.

Lip chain is a platform that will create a decentralized social network dedicated to surfing which will allow users to be paid for the content, they will publish on the app through a sponsoring system secured via smart contract. Lip chain App, relatives will be able to create pictures and videos and earn money that can be shared with the filmed athlete. Their app will also allow the organization for video contests which will pave way for reward for the best surfer. Apparently, this will bring public recognition to many more athletes than official championships do. At the long run, in the future those public celebrity will be able to earn special rewards tied to Lip wave resort and ecological surfing equipment.

Furthermore, LIPCHAIN can be reinforced by a broader network for the best surfers in each competition to choose champions monthly and receive tokens because of their articles or blog posts from sponsors. LIPCHAIN token holders (LIPS) access surfing items and price cut services. Consequently, outline LIPCHAIN is usually a decentralized ecosystem that offers surfers with sponsors, competitions, and open learning circumstances throughout the year.

The Problems

Lack of funding for beginner to improve themselves up to professional level and high prices for surfing training can be solved by posting videos and photos at the LIPCHAIN network and by earning tokens.

Access difficulties in championship participation can be solved by competitions in this community.

Limited availability of reaching target audience will be solved by uniting surfing community.

The pollution of oceans will be decreased thanks to cleaning programs sponsored by LIPCHAIN. The sponsorship will be equal to 5% of videos sponsorship income at LIPCHAIN.

The Solutions

LIPCHAIN has decided to launch a Decentralized Social Network dedicated to surfirng, which will allow users to get pain by publishing contents such as images and video clips on the App, through a sponsoring system secured via smart contract and maintaining control over their contents. Through this decentralized social network the athlete can also publish contents dedicated to the sponsor(s). Through the LIPCHAIN App, frinds and family can earn from publishing video clips and pictures about the Athlete.

Cleaning Seas and Oceans: The LIPCHAIN team aims to participate in safeguarding the seas and oceans with more efficient ways to help already existing Foundations. This can be achieved by cleaning beaches, Educating people on better ways of disposing plastics, Reduce plastic bottle consumption, Improving plastic bottles Eco-design.

How It Works?

LIPCHAIN is a decentralized ecosystem that tries to address these problems and provide viewers with sponsors, unofficial prize draws, and year-round training. LIPCHAIN also gives a program where viewers can earn tokens for taking part and employing their most desired sport while surrounding to the intent of cleaner oceans.The community will also offer client with access to the global surfing and sailing community and the necessary tools need to selecting an athlete for sponsorship and providing the sponsor with smart contracts for securing the package.

LIPCHAIN APP

The stage will build up an app especially suited for users and sailors, included with a decentralized community system. The Network allows browsers to content their clips and photos and end up being rewarded employing bridal party. The amount of bridal party received is determined by the society reviews of the training video or photographs. Surfers can as well gain bridal party by taking part in prize draws structured within the request.Additionally, the relatives,family, and friends, of the surfer can movie the surfer during competition and training and make money, which is sharable with the film surfer.

LIPWAVE Pool area Centre

The pool will present all year surrounding Olympic preparation conditions for the surfers as the pool will be made to generate influence every 6 to 8 second for more than 1000 surfers per time. The pool area will allow browsers to reach the professional level ten times more rapidly. In the possible future, an environmental hotel will end up being developed around the pool area.

LIPCHAIN WALLET

The LIPCHAIN wallet allows customers to experience high level of user interface, which means this wallet experience will be completely different from any other available wallets. It is a highly secured wallet embodied with all Ethereum wallet security features. It will also support functionalities such as :

Transferability

Users can send and receive Lipschain tokens (LIPS) to/from any valid Ethereum wallet.

No Charge

No Ethereum will be charged during the transfer of LIPS, only transaction fee (gas) will be required.

Transparency

This functionality enables users to check the status of their transactions over the Ethereum wallet.

Ease of use

The LIPCHAIN wallet has a user-friendly interface

WALLET SECURITY

In order to ensure maximum security and control, The LIPCHAIN team has decided to develop a Multimodal biometric authentication which will be used in the wallet and App. Features of multimodal biometrics includes:

Face Recognition

Iris Recognition

Fingerprint Recognition

Gait

Voice Recognition

Signature Recognition

Token Sale and ICO Details

LIPS tokens are utility tokens of LIPCHAIN network and at the same time they give an opportunity to buy discounted surfing products at LIPCHAIN or book LIPWAVE pool. LIPS can be stored in any Ethereum wallet supporting ERC20 tokens (MyEtherWallet, Mist, MetaMask etc.)

Token Details

Ticker Name: LIPS

Token standard: ERC20

Total Supply: 1,000,000,000 LIPS

Tokens for Sale: 210,000,000 LIPS

Bonus Tokens: 125,000,000 LIPS

Price: 1 LIPS = 0.1 USD

Soft Cap: 3,000,000 USD

Hard Cap: 20,000,000 USD

Minimal purchase: 50 USD

Country of the project: Portugal

Distribution of Tokens

ICO Details

ICO-Period 3 with 15% bonus: 01/05/2018 – 31/07/2018

ICO-Period 4 with 10% bonus: 01/08/2018 -14/09/2018

ICO-Period 5 with 5% bonus: 15/09/2018 – 14/10/2018

ICO-Period 6 without bonus: 15/10/2018 -15/11/2018

ROADMAP

[x] 15.11.2016 - Сreation of a digital coin (LIPCHAIN).

[x] 26.02.2017 - Dissemination of the concept with several national surfers.

[x] 16.04.2017 - Encrypted currency development.

[x] 05.11.2017 - Preparation and creation of ICO for the implementation of the project.

[x] 14.01.2018 - Launch of LIPCHAIN in the market through ICO.

[x] 25.02.2018 - To buy a boat and to create the sailing team to beat the world record.

[x] 22.04.2018 - To develop the sponsorship for regatta and sailing team.

[ ] 16.07.2018 - Attempt to beat the 10 years old world record sailing from Lisbon.

[ ] 10.09.2018 - Launch of the APP Captivation of all outsiders.

[ ] 07.10.2018 - Communication, advertising, marketing and promotion of LIPCHAIN.

Amazingly, Lipchain Developers have completed 7 of 10 Roadmap. This is what makes ICO Lipchain compulsory to follow.

MEET THE AMAZING TEAM

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://www.lipchain.io

Whitepaper: https://www.lipchain.io/assets/pdf/white_paper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4507111.msg40579212

Twitter: https://twitter.com/lipchain

Facebook: https://www.facebook.com/LipChain-1754237891332927/

Medium: https://medium.com/lipchain

Linkedin: https://www.linkedin.com/company/lipchain/

Telegram: https://t.me/LipChain

Reddit: https://old.reddit.com/user/LipChain

GitLab: https://gitlab.com/yadav.pankaj/lipchain-ico

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.