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.
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 Basic | Information |
|---|---|
| Coin Name | LeisureMeta |
| Short Name | LM |
| Circulating Supply | N/A |
| Total Supply | 250,000,010 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click 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.
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