TECHNICAL CONSIDERATIONS

NG Wallet

The Developers at the LoveChain are also developing the NG Wallet for crypto storage.

By using blockchain technology for added security the NG Wallet is able to conduct cryptocurrency as well as fiat transactions

Integrating the NG Wallet into the LoveChain ecosystem creates a turnkey solution for the LoveChain Rewards program powered by the LOVR token.

By using blockchain technology for added security the NG Wallet is able to conduct cryptocurrency as well as fiat transactions.

Integrating the NG Wallet into the LoveChain ecosystem creates a turnkey solution for the LoveChain Rewards program powered by the LOVR token.

REWARDS PROGRAM

The LoveChain rewards program will use the NG Wallet (Next Genius Wallet) to manage the accumulation and distribution of the LOVR rewards token to each profile. The LoveChain shares a collaborative relationship with the team at NextGenius and as a result aim to develop a suite of product enhancements that will ensure that the LoveChain vision is accomplished.

The NG Wallet is already a functional wallet for those who have Apple iphones and compatible operating systems and development has just been completed for the Andriod version. Each profile on the LoveChain will have an integrated NG Wallet which as mentioned above will be used to manage the LOVR rewards tokens for each profile. In practise whenever a user earns LOVR rewards tokens for creating and posting content or any other activity that derives the rewards tokens they will have those tokens deposited into the integrated NG Wallet.

The NG Wallet will also be able to hold other crypto assets (not just the LOV and LOVR tokens) and that will particularly enhance user experiences particularly for those who are eligible to participate in the quarterly token swap.

PAYMENT SYSTEM

Given that a key focus of the LoveChain platform is also the celebration of our relationships in particular around key holidays such as Valentines Day, Mother’s Day, Father’s Day, Weddings, Anniversaries and Birthdays making that possible by building a community of merchants who will help those celebrations, we have decided to integrate the NG Wallet as a payment system as well as a key part of the rewards program.

The LoveChain and NG Wallet will give users the ability to use their integrated NG Wallet to pay for goods and services through our Merchant and affiliate partners and to use a combination of Rewards tokens and fiat to settle on transactions.

Together The LoveChain and NG Wallet will also develop innovations to the payment functionality of the NG Wallet which are in keeping with developments that are being made through e-commerce and other payment solutions.

Screen captures of the NG Wallet app.