LivWell Coin : LWC

To help solve the underlying challenges with a legacy loyalty application for wellness and insurance, Liv Well’s app and loyalty/reward points, the LWC coin, is creating an opportunity for customers and users of the platform to truly get rewarded with points that can be used to reduce the cost of purchasing insurance packages or can be converted to cryptocurrency and redeemed as real cash in real-time.

LivWell is a Wellness Ecosystem & Fitness Rewards platform that allows users to adopt healthy habits and earn rewards in the form of LivWell coins.

The LWC coin is unique to the LivWell platform, and unlike some loyalty systems, LWC is designed to be shareable and transferable. Also, LWC gives users access to a reduced price for different services offered on the platform, access to products that can be purchased based on the amount of LWC owned, and the cryptocurrency can be converted to any currency of your choice in any exchange.

Also, making payments for insurance policies using cash can earn you some discounts which can be converted to cryptocurrency and sent into your wallet.

These features are made possible through the use of the Blockchain and Smart contracts to give users substantially greater options than any existing loyalty points system within the insurance and wellness industry.

Process of use of the LWC platform

The use of the LWC platform is very easy and simple:

• Download the App: The very first step to getting started is to download the app from the Google Play Store or the Apple App Store.

• Link Smart device or smart wearable: To ensure that your data is tracked properly, you would link your smart device or smart wearable to the LivWell App. You can also get the dedicated smart devices provided by LivWell

• Input your data and info during registration.

• Start your fitness journey: once you are all set, begin your journey. Key indication points to amass LWC include your total steps, total kilometer, and other indicators.

Earning LivWell Coins

LivWell Coins can be earned by tracking and verifying users’ steps through their fitness tracking device. This is achieved using our system structured into the app by experts to automatically calculates the users’ LivWell Coins based on the steps taken every day and the level of wellness exercises. You can earn using different wellness smart devices including your smart yoga mats, sleeping pillows, android devices, and any IoT-enabled smart device.

Also, LWC can be earned by completing weekly tasks and challenges. There are dozens of attractive rewards for participating in fun and effective challenges designed by experts in the field. Some of these challenges could include following a workout video tutorial, booking and attending a CFYC class, or jogging 5Km three days in a row.

Users of the LivWell platform can also earn LWC through the spin the wheel section. You have access to the wheel once every 48 hours.

Why blockchain?

By using blockchain technology, smart contracts, and our app, we hope to allow every user to monetize their physical activities without any hassle giving everyone the chance to combine insurance, wellness, and a great rewards system. This is going to be beneficial for fitness lovers as they have the opportunity to earn with a simple app.

Once the signup process is done and the synchronization on your smart devices is done too, you do not need any other special thing to start earning LWC.

Every registered member is automatically linked with an in-app wallet within the LWC app. All their data and rewards earned are recorded within the LivWell app. The users will be able to operate with the wallet using a smart contract. The smart contract enables the user to either purchase any insurance package or convert it to cryptocurrency and send it to a crypto wallet of your choice.

Once you convert your LWC for cryptocurrency, you can transfer them to any exchange and convert them into fiat (real money). LWC will support smartwatch technology and the integration of any smart accessories for health and activity tracking such as the Apple Watch, Samsung, Huawei, and our own smart devices.

LWC conversion

The rewards for the users’ activities are calculated thus: 1000 indoors or outdoors steps = 10 LivWell Coin 10,000 LivWell Coins = VND 4.5 Mio Any workout session that is not up to 5 minutes would amount to zero. Having less than 1000 steps would amount to nothing.

Users can earn a maximum of 150 LivWell Coins each day with activities and a maximum of 40,000 coins per year. We have different challenges and badges to earn more points per day. Users can redeem rewards every day and the same reward every thirty days.

FUNCTIONS OF THE LIVWELL COINS

As the digital assets issued on the LivWell platform, the LWC tokens can be used as follows.

The tokens can be used as the means for payment of the insurance fees and get discounts on insurance policies. The tokens can be used to access health facilities, fitness facilities, and fitness courses

The token can be used to pay for fitness events The token can be used to access cancer care The token can be used for MSAI – Marital Settlement Agreement Insurance