Internet City, Dubai–(Newsfile Corp. – May 24, 2022) – LBank Exchange, a global digital asset trading platform, will list LeisureMeta (LM) on May 25, 2022. For all users of LBank Exchange, the LM/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on May 25, 2022.
Figure 1: LBank Exchange Will List LeisureMeta (LM) on May 25, 2022
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To build a metaverse where digital assets are in the form of NFT, a blockchain platform called LeisureMetaverse is created for recording and governing the NFT minting and trading, and DAO activities, while building DApp services such as playNomm and incentive model using LeisureMeta (LM) tokens. The LM token will be listed on LBank Exchange at 18:00 (UTC+8) on May 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing LeisureMetaverse
As the rise of the digital economy is near, more people will invest their time on creative activities. LeisureMetaverse is a platform for this new era where leisure is the lifestyle and the economic activity. It records and governs the NFT minting and trading, and DAO activities. In fact, it is impossible to implement this kind of service directly on Ethereum, due to technical and economic barriers. LeisureMetaverse platform provides DApps on it, coexisting with Ethereum and maximizing the utility of blockchain at the current level of technology.
The first DApp Service on LeisureMetaverse platform is called playNomm. In playNomm, any entities can easily mint an NFT using their creative contents. Every owner of NFTs will become a member of DAO and will be rewarded by the playNomm token economy.
The LeisureMetaverse platform builds an incentive model using LeisureMeta (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 DAO to be a self-regulatory organization.
About LM Token
LeisureMetaverse issued its own utility token LeisureMeta (LM) to energize trade of NFTs and increase the valuation of NFTs. LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC-20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum. Every NFT Mint and trade in playNomm 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.
The total supply of LM is 5 billion (i.e. 5,000,000,000) tokens, of which 60% is provided for DAO rewards, 5% is allocated to biz partners, 13% will be used for research and…
