Lily Token

The Lily platform's native cryptocurrency token (LIY) is used for service utility functions specified on the Lily platform. It is designed as a utility token that many users interchange. By setting the LIY token as the native currency, Lily builds an efficient and integrated economic system.

1. LIY is a functional multi-utility token that serves as a medium of exchange for all economic activities and transactions within the ecosystem and for participants of the Lily platform. The goal of introducing LIY is to provide a convenient and secure means of payment and settlement between participants interacting within the ecosystem of the Lily Platform without the need for a centralized third-party institution/credit or other intermediary. LIY is not, and is not intended to be, a medium of exchange accepted by the public (or any part of the public) for payment for goods or services or the discharge of obligations. Nor is it designed or intended to be used by any person as a means of payment for goods or services not exclusively provided by the Issuer. LIY does not in any way represent any equity, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, firm, or corporation, and LIY does not entitle the holders of the Tokens to any promise of LIY is not intended to qualify as security in Panama, Singapore or any other applicable jurisdiction; LIY may only be utilized on the Lily Platform, and ownership of that platform carries no rights, express or implied, other than the right to use LIY as a means of enabling redemption, earning, and interaction within the Lily Platform; the secondary market price of LIY is not dependent on the efforts of LIY Project contributors; and no token feature or scheme exists that is designed to control or manipulate secondary pricing.

2. Neither the Company nor the Issuer is in the business of trading, buying, or selling virtual assets or digital payment utility tokens (including LIY). The sale and distribution of the tokens are for a limited period of time and solely to secure project development funding, market/brand awareness, community building, and engaging diverse constituents.

3. Users can utilize LIY to purchase tangible and intangible goods and increase communication between users, moving away from one-way communication. LIY can also be a platform currency to buy additional services and access premium content. The token will form the basis of the Metaverse economic ecosystem, creating a vibrant and dynamic marketplace.

4. LIY also provides distributed economic incentives to encourage users to strive to contribute and participate in the Lily Platform ecosystem, creating a mutually beneficial system where all participants are fairly compensated for their efforts. LIY is an integral part of the Lily Platform. Without LIY, users would not be incentivized to expend resources to engage in activities or provide services on the Lily Platform to benefit the entire ecosystem. Furthermore, LIY credits users with actual usage, activity, and effort on the Lily Platform in proportion to the frequency and volume of their transactions. In light of this, LIY holders who are not active users of the Lily platform may not be eligible for LIY incentives.

5. LIY tokens are distributed to core contributors as a reward for developing and operating the service. They receive LIY tokens as a reward for creating and maintaining the LIY platform.

6. LIY token holders can stake their tokens for increased governance voting power and additional token rewards.