SocialFi Platform Lyvely Launches $LVLY Token in Mid-July

SocialFi platform Lyvely today announced plans to launch its $LVLY token, scheduled for mid-July of this year. This strategic effort marks an important milestone in Lyvely’s journey to redefine monetization for both digital creators and viewers.

With impressive pre-launch sales amassing over $6 million in $LVLY tokens, Lyvely’s upcoming public offering encapsulates the company’s overarching vision to revolutionize the digital content ecosystem. Backed by industry heavyweights such as global Bitcoin mining and blockchain technology giant Phoenix Group and respected cryptocurrency investment firm Cypher Capital, Lyvely was co-founded in 2023 by technology and wellness entrepreneurs Farah Zafar and Dave Catudal. I did.

Positioned as the SocialFi platform to meet the burgeoning needs of the $470 billion creator economy, Lyvely empowers a diverse range of digital creators, from celebrity influencers to coaches and online brands. With innovative monetization capabilities including content memberships, paid communities, and live stream shopping, Lyvely orchestrates a seamless social e-commerce experience based on a fully integrated payments infrastructure.

Dave Catudal, Co-Founder and CXO of Lyvely, clearly outlined the company’s vision for the $LVLY token and emphasized its pivotal role in fostering creator empowerment and digital liberation. He said, “The introduction of the $LVLY token highlights Lyvely’s unwavering commitment to enabling creators to monetize on their own terms and gain greater digital autonomy. “Our token not only improves user engagement, but also creates a more personalized creator-viewer ecosystem characterized by thoughtfulness and mutual rewards.”

The $LVLY token boasts a variety of on-platform utilities including purchases, tips, and cashbacks, along with token-gate access to exclusive communities, events, and content drops from your favorite creators. As Lyvely’s ecosystem continues to grow, token holders will be able to benefit from special discounts, bonus features, and financial incentives, solidifying their role as stakeholders in this fast-growing social platform.

Dave elaborated on Lyvely’s mission to power the creator ecosystem through the $LVLY token, explaining: “At Lively, we are steadfast in our commitment to supporting creators by providing them with a value-driven currency so they can foster loyal communities and monetize from day one. Our goal is to establish the $LVLY token as a cornerstone of social commerce while streamlining various aspects of content dissemination and user interaction for creators and users around the world.”

Serving as a digital headquarters and launchpad for creators, Lyvely works to address the fragmented nature of social media and online monetization by providing a comprehensive suite of tools for content creation, revenue optimization, and audience engagement. The introduction of the $LVLY token will further amplify this ecosystem, giving creators unprecedented access to new revenue streams and providing viewers with a more immersive and satisfying content consumption experience.

Also Read: Nicegram turns into a SocialFi app and aims to empower Telegram creators with DeFi and cryptocurrencies.