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LeisureMeta

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Discover LeisureMeta's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is LeisureMeta?

LeisureMeta (LM) is a cryptocurrency that powers the LeisureMetaverse ecosystem, a digital platform that combines social, cultural, and economic elements to create a unique Web 3.0 experience. It leverages blockchain technology to ensure transaction integrity and security, utilizing a hybrid consensus algorithm and decentralized applications (dApps) to facilitate NFT minting, trading, and DAO governance. The LM token is interchangeable between the LeisureMetaverse blockchain and Ethereum, and it aims to establish a digital economy that respects humanistic values, free will, and creative freedom.

How is LeisureMeta used?

LeisureMeta (LM) is a utility token designed to facilitate transactions and enhance usability within the LeisureMetaverse ecosystem. It operates on both the LeisureMeta Chain and the Ethereum blockchain as an ERC20 token, allowing for seamless interactions across different blockchain networks through multichain bridging technology.

Key Use Cases
  1. NFT Trading and Minting:

    • LM tokens are used to trade and mint NFTs on the playNomm marketplace, which provides added value to digital assets.
  2. DAO Governance and Participation:

    • The token enables members to participate in the DAO community, ensuring transparent decision-making and fair compensation for contributions.
  3. Reward System:

  • LM tokens are rewarded to active users based on their participation and activities within the ecosystem, incentivizing engagement and cooperation.
  1. Decentralized Applications (DApps):

    • The token is used to facilitate transactions and interactions within various DApps, such as LM NOVA (a Web 3.0 community platform) and LM Wallet (a portal for managing user addresses and assets).
  2. Blockchain Operations:

    • The LeisureMeta Chain, which uses a Tendermint-style proof of stake (PoS) consensus algorithm, ensures high performance and transaction finality, making it suitable for a wide range of activities.
Overall Functionality

The LM token is a foundational element of the LeisureMetaverse, fostering cooperation and usability across its various components, including DAO governance, NFT marketplaces, and decentralized applications.

How do I store LeisureMeta?

To store LeisureMeta (LM) tokens, you can use a digital wallet that supports Ethereum-based tokens. Here are the steps to add LeisureMeta to MetaMask:

  1. Install MetaMask: Ensure you have the MetaMask browser extension installed.
  2. Get the Contract Address: Copy the LeisureMeta token contract address, which is 0xc064f4f215b6a1e4e7f39bd8530c4de0fc43ee9d.
  3. Import the Token: Open MetaMask, click on "Add Token," and paste the contract address. You can also search for LeisureMeta on CoinGecko and click the "Add to MetaMask" button to import it directly.

By following these steps, you can view your LeisureMeta token holdings, trade on decentralized exchanges, and manage your tokens securely within MetaMask.

How to buy LeisureMeta?

To buy LeisureMeta (LM) tokens, you can follow these steps:

  1. Choose a Centralized Exchange: Select a reliable centralized exchange where you can buy LeisureMeta. Popular options include Bithumb, Bitget, Gate.io, and Binance.

  2. Create an Account: Sign up for an account on the chosen exchange if you don't already have one.

  3. Deposit Funds: Deposit the necessary funds, such as USDT or KRW, into your exchange account.

  1. Navigate to the LM Market: Find the LeisureMeta market on the exchange, which may be listed as LM/USDT or LM/KRW.

  2. Set Your Buy Price: You can either buy LeisureMeta at the current market price or set a desired price for your purchase.

  3. Complete the Purchase: Execute the buy order, and the LM tokens will be added to your exchange account.

  1. Transfer to Wallet (Optional): If you want to store your LM tokens securely, transfer them to a compatible wallet like MetaMask.

Remember to follow the specific instructions for each exchange, as the process may vary slightly.

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History of LeisureMeta

LeisureMeta (LM) is a utility token issued by LeisureMetaverse, a Web 3.0 community project focused on building social, cultural, and economic communities for creators and fans. The project operates its own blockchain and has an interchangeable token on Ethereum through a gateway.

LeisureMeta aims to overcome the limitations of existing blockchain platforms, such as scalability, gas fees, and user experience. It uses a Tendermint-style proof-of-stake (PoS) consensus algorithm, which has achieved 1,000 transactions per second (TPS) and transaction finality. The blockchain also employs a Bloom filter to enhance network efficiency and a multiple private key pairing system to improve user experience.

The LeisureMeta blockchain has a block time of one second, utilizing a Conflict-free Replicated Data Type (CRDT) structure to eliminate transaction ordering within blocks. This significantly reduces the computing power required for blockmaking.

In terms of market performance, LeisureMeta has experienced fluctuations. Over the last year, its price has decreased by 60.41%. However, it has seen a 0.72% increase over the last month and a 3.14% increase over the last 24 hours. The current market capitalization of LeisureMeta is around $10.38 million, with a circulating supply of approximately 1.82 billion LM tokens.

The project has a strong focus on its community, operating a DAO community (LM NOVA) and an NFT marketplace (playNomm). LeisureMetaverse aims to become a core infrastructure for the digital economy in social, cultural, and economic communities, respecting humanity and free will.

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How LeisureMeta works

LeisureMeta (LM) is a cryptocurrency that operates within the LeisureMetaverse ecosystem, a decentralized and autonomous platform built on blockchain technology. Here's an overview of how it works:

Key Components
  1. LeisureMeta Chain: This is the blockchain that powers the LeisureMetaverse ecosystem. It uses a Tendermint-style proof-of-stake (PoS) consensus algorithm, which ensures high transaction speeds and security.

  2. LM Token: The LM Token is the native token of the LeisureMetaverse. It exists in two formats: LMC LM for the LeisureMeta Chain and ERC-20 LM for Ethereum. The token is used for various activities within the ecosystem, such as trading, executing transactions, and participating in governance.

  3. Decentralized Applications (DApps): LeisureMetaverse offers various DApps, including LM NOVA (a Web 3.0 community), playNomm (an NFT marketplace), and LM Wallet (for managing assets). These DApps operate autonomously through smart contracts without centralized control.

  1. DAO Governance: LeisureMetaverse employs a decentralized autonomous organization (DAO) governance model, which allows the community to make transparent decisions and take actions towards a common goal.
Functionality
  1. Transactions and Rewards: The LM Token is used to facilitate transactions within the ecosystem. Members are rewarded with LM Tokens based on their contributions, such as participating in activities, creating content, and engaging with the community.

  2. Token Economy: The LM Token is the backbone of the LeisureMetaverse's token economy. It incentivizes participation, fosters collaboration, and enables the creation of value within the ecosystem.

  3. Multichain Bridging: The LM Token can seamlessly traverse various blockchain networks, expanding its usability and value.

  1. Security and Performance: The LeisureMeta Chain is designed to overcome issues of trust among unspecified individuals, leveraging the 'trustless' identity of blockchain technology to allow seamless interactions and transactions among its members. The chain has achieved 1,000 transactions per second (TPS) and transaction finality, ensuring high performance and security.
Overall

LeisureMeta (LM) operates as a vital component of the LeisureMetaverse ecosystem, facilitating transactions, governance, and rewards within a decentralized and autonomous environment. Its functionality is designed to promote collaboration, creativity, and engagement among users, making it an integral part of the platform's incentive structure.

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LeisureMeta's strengths

The LeisureMeta (LM) token boasts several strengths that contribute to its potential success and value within the LeisureMetaverse ecosystem:

  1. Multichain Bridging Technology: The LM token can seamlessly traverse various blockchain networks, expanding its usability and value. This bridging technology allows for the token to be swapped across different networks, enhancing its versatility and appeal.

  2. Dual Format Availability: The LM token exists in both the LeisureMeta Chain (LMC LM) and ERC-20 formats, making it accessible and compatible with different blockchain platforms. This dual format ensures that users can engage with the token in multiple ways, fostering a broader user base.

  3. Reward System: The LeisureMetaverse project incorporates a reward system powered by LM tokens. This system incentivizes users to participate actively within the ecosystem, contributing to its growth and sustainability. Rewards are categorized into activity rewards and ecosystem stimulation rewards, encouraging users to engage in various activities and hold NFTs within the LeisureMeta Chain.

  1. Decentralized Governance: The LeisureMetaverse operates under a Decentralized Autonomous Organization (DAO) governance structure, ensuring transparent decision-making and respecting the opinions of all members. This democratic approach fosters a sense of community and collective ownership, driving user engagement and satisfaction.

  2. Advanced Blockchain Technology: LeisureMeta blockchain employs a Tendermint style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm, achieving high transaction speeds of 1,000 TPS and instant finality. Additionally, the blockchain reduces block time to 1 second, minimizing the required computing power for blockmaking.

  3. User-Centric Design: LeisureMetaverse focuses on providing seamless user experiences, combining advanced blockchain technology with user-friendly applications. This synergy ensures that users can easily navigate and engage with the ecosystem, promoting widespread adoption.

These strengths collectively contribute to the LM token's potential for growth and its role in shaping the future of digital interactions within the LeisureMetaverse ecosystem.

LeisureMeta's risks

LeisureMeta (LM) carries significant financial risks. The token has been given a high risk rating by InvestorsObserver due to its recent price volatility and market cap changes. This rating is based on a proprietary scoring system that evaluates how easily the token's price can be manipulated by limited trading, considering recent changes in volume and market cap. Additionally, the token's daily trading volume has experienced a decline, indicating a decrease in market activity. These factors contribute to the high risk associated with investing in LeisureMeta.

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LeisureMeta's ecosystem

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LeisureMeta’s team

  • CEO and Founder: Sung-Uk Moon, who leads the Moon Labs, a Web3 content group focused on creating and proposing valuable content within the LeisureMeta ecosystem.

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