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Home CryptoCurrencies

What Is LeisureMeta(LM)? Complete Guide & Review About LeisureMeta

Verna by Verna
May 27, 2022
in CryptoCurrencies
Reading Time: 6 mins read
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What Is LeisureMeta(LM)? Complete Guide & Review About LeisureMeta
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What Is LeisureMeta(LM)?

LeisureMeta issued its own utility token, LM token to energize trade of NFTs and increase the valuation of NFTs. They operates its own blockchain, but the LM token in and the ERC20 LM token on Ethereum are interchangeable through the gateway between and Ethereum. As an NFT minting & trading DAO platform, the Leisure metaverse platform is designed to overcome limitations of existing blockchain platforms such as scalability, gas fee and awkward UX.

Using Tendermint style proof of stake PoS) based Byzantine Fault Tolerant BFT) consensus algorithm, LeisureMeta Coin chain has attained 1,000 TPS and transaction finality at once. The Bloom filter is used to distinguish known transactions between individual nodes to enhance the efficiency of networking by transmitting unknown transactions only.

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With multiple private key paring system, the UX was improved by assigning individual private keys for user”s each device. LeisureMeta blockchain reduced the block time to 1 sec with Conflict free Replicated Data Type (CRDT) structure to eliminate the ordering between intra block transactions. Consequently, the computing power required for blockmaking process has been significantly minimized.

LeisureMeta Coin Storage Key Points

Coin BasicInformation
Coin NameLeisureMeta
Short NameLM
Circulating Supply N/A
Total Supply250,000,010
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Technology

Hybrid Consensus Blockchain

Blockchain-level transparency and web server-level performance guaranteed by Tendermint-style permissioned consensus and public Audit.

Mixed Data Structure

Block data validation by a single recent block using mixed data structure of Bitcoin’s UTXO model and Ethereum’s account model.

Orderless Transaction

In-block orderless transaction system with utmost shortened block latency to avoid the bottleneck of the computation while achieving maximized efficiency.

Multiple Address Management

Single user account-multiple address pair matching to enable to send digital signature from various user devices while keeping its blockchain level security.

Sustainable DAO Protocol

The most of current DAO projects suffers from a bank run caused by a few whales after TGE. To address this problem, LeisureMetaverse divided its reward tokens per DAO, and provides more rewards to users who have higher activity level for the platform. In other words, it is a graded reward structure where the distribution of the token is determined by the users’ activities.

The leisure metaverse platform builds an incentive model using LeisureMeta (hereafter 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 DAOs to be a self-regulatory organization.

LeisureMeta Token Economy

LeisureMetaverse issued its own utility token, LM token to energize trade of NFTs and increase the valuation of NFTs. LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum.

Every NFT Mint and trade in play Nomm 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. Based on DAO, LM serves as a bridge between the virtual economy and the real economy, and through a partnership with exchanges (DEX, CEX), banks, PG-related companies, and local governments, we intend to build a transparent and safe economic ecosystem that can be used online/offline anytime, anywhere.

LeisureMetaverse Blockchain

As an NFT minting & trading DAO platform, the Leisure metaverse platform is designed to overcome limitations of existing blockchain platforms such as scalability, gas fee and awkward UX. Using Tendermint-style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm, LeisureMeta chain has attained 1,000 TPS and transaction finality at once.

The Bloom filter is used to distinguish known transactions between individual nodes to enhance the efficiency of networking by transmitting unknown transactions only. With multiple private key paring system, the UX was improved by assigning individual private keys for user’s each device. LeisureMeta blockchain reduced the block time to 1 sec with Conflict-free Replicated Data Type (CRDT) structure to eliminate the ordering between intra-block transactions. Consequently, the computing power required for blockmaking process has been significantly minimized.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

Tags: How It Work LeisureMetaHow To Buy LeisureMetaLeisureMeta CoinLeisureMeta Review
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Verna

Verna

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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