Lyzi is a new promising project that offers a tokenized crypto payments and loyalty app. The team created the $LYZI token as the key asset of their ecosystem. He plans to distribute the token through staking and cashback. However, users can also buy tokens during the ICO sale. LYZI has many uses. Investors can use it for payments and as collateral when creating tokenized loyalty points for their brands and other businesses.
The company launched the initial coin offering on January 16, 2023. The sale will end on February 28, 2023. The total supply of LYZI is 550,000,000, but only a percentage is available for purchase at this stage. The platform accepts XTZ, ETH, BTC, TRX, USDT, BUSD, and EURO in exchange for their coins.
The team decided to base $LYZI on the Tezos blockchain. The latter aims to offer a better security system than ERC20 protocols. It has a self-correcting system and uses formal verification for smart contract codes. Also, this blockchain separates logic and data storage. All this makes it the first choice for the Lyzi platform.
Additionally, Tezos has better power consumption thanks to the use of an LPoS consensus mechanism. It allows the protocol much better power efficiency and allows you to perform faster updates. The chain manages the latter with the implementation of a self-regulating governance. As a result, avoid hard forks. The LYZI team stated that Tezos was their first choice, as it outperforms the ETH protocol in speed, security, and cost of use.
This protocol is already deeply embedded in the European and French industrial and corporate ecosystems (such as the French Gendarmerie, Exaion, etc.). Considering its vast and growing global ecosystem, Tezos is the best option for the $LYZI token.
How will the company use Tezos?
The company noted that by using the Tezos blockchain, it could provide $LYZI in an evolving, usable, and forward-thinking environment. In addition, it will offer very low rates. Also, such a decision will not cause this token to get stuck in a specific blockchain. Instead, it will be available on various blockchains. However, the team plans to join the Tezos baker community to build $LYZI on this protocol. As a result, you will be able to become part of network security and future evolution.
Lyzi also offers solutions to various issues currently hindering mass adoption of blockchain technology. The company pointed out that digital assets are difficult to use in the way people want in the Defi space, not to mention our daily lives. The cryptocurrency space has a long learning curve, but it is also a real brake on mass adoption for its concept and use. There is also a problem with regulations. Digital assets are not available in all countries.
Lyzi decided to offer its clients fully regulated products by relying on cryptocurrency exchanges. The team believes that a crypto payment wallet offers a great opportunity to drive growth. The regulatory system and market adoption will help Defi companies to evolve and succeed in the markets.
However, they must first overcome the obstacles that developers often encounter with crypto payment and the Loyalty 3.0 model.
How will Lyzi help speed up crypto adoption?
The main objective of the company is to offer customers a product that is easy to use and understand. The team claims that the $LYZI token is the answer to such problems. Additionally, the project outlined three pillars that will help achieve mass adoption for mainstream users. These are Payments, Earn and Charity.
The platform will offer a secure payment system. It will also employ the Plug & a play model for merchants and users to make the process more interesting. Digital payment systems have been a stumbling block for major industrial companies over the years. These blue chip companies control the industry. In most cases, individuals and businesses using traditional banking systems have to pay high fees to switch to Defi products. However, LYZI aims to change that and make Defi more accessible to average users.
The platform will offer various discounts, rewards, and coupons to encourage customers. You want to encourage people to use your products on a daily basis.
In addition, the company will help users to create a powerful profit plan based on the use of blockchain technology. Clients will also be able to use $LYZI tokens for their benefit. Thanks to this platform, people around the world will be able to unlock the value of digital assets. They can add all kinds of digital assets in a single wallet and play with them (trade, buy, sell and store crypto assets, from NFTs to loyalty points).
As you can already see, crypto and blockchain technology have enormous potential. It can lead to powerful and profound changes. Furthermore, the blockchain has the power to help people in need. LYZI will participate in charity functions to use this technology to help people.
What makes this platform stand out from other similar ones?
The team stated that their platform does not compete with existing cryptocurrency players. Instead, their goal is to build the largest crypto trader acceptance network in the eurozone at first and worldwide for the second time. By achieving this goal, Lyzi will bring users a new mainstream and attract new customers to the crypto space.
The company wants to become the obvious choice for cryptocurrency players. It will allow them to make payments with cryptos. Cryptocurrency users can have the best experience using their assets through the Lyzi app. The latter will offer clients “wallet connection” functionality that will allow them to access major exchanges and use their coins directly in the LYZI app.
Also, the company will add only fully regulated exchanges on its platform. Their goal is to bring a range of supported exchange wallets to their clients. According to recent surveys, only 4% of the world’s population owns digital tokens. Lyzi wants to reach the next 96% and create widespread adoption.
The company offers other major crypto players a plug-and-play payment alternative. Overall, Lyzi has great potential. Also, its native token is very trendy. It ranked highly on various ICO listing platforms.
