LeisureMetaverse has launched an innovative project aimed at cultivating social, cultural, and economic communities for Web 3.0 Creators and enthusiasts. The project has introduced its proprietary utility token, LM token.
As a Web 3.0 Enabler, LeisureMetaverse embraces the values of Web 3.0, which include the right to privacy and security. The project introduces a new form of employment and income source through Web 3.0 Creator. LeisureMetaverse strives to establish itself as the fundamental backbone of the digital economy, fostering social, cultural, and economic communities that honor human dignity and autonomy.
LeisureMetaverse has its own blockchain, but users can exchange the LM token within LeisureMetaverse and the ERC20 LM token on Ethereum through the gateway between the two platforms.
LeisureMetaverse seeks to address the limitations of existing blockchain platforms, such as low performance, high gas fees, and poor user experience. The project operates a DAO community (LM NOVA) and an NFT marketplace (playNomm). The Tendermint-style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm is utilized to achieve a transaction finality rate of 1,000 TPS. The Bloom filter is used to boost networking efficiency by transmitting unknown transactions only. The UX is improved with the multiple private key pairing system, which assigns individual private keys per user device.
LeisureMeta blockchain has reduced the block time to 1 second, eliminating transaction orders within a block through the Conflict-free Replicated Data Type (CRDT) structure. This approach has substantially reduced the computing power required for the blockmaking process.
LM has a total supply of 4,670,217,251. The current circulating supply of LM is 1,229,452,251.
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