LifeCrypto is a creative payment network that provides a unique platform for transacting. As per its whitepaper, the platform aims to offer seamless currency transfers and crypto payments with cross-chain (across blockchains) exchangeability and a worldwide law-abiding payments infrastructure—the LifeCrypto platform operates by adopting new blockchain applications such as gaming, NFTs, and DeFi. The LifeCrypto infrastructure seeks to be the spine for supporting cross-chain smart contract inter-relations within a trustworthy ecosystem created by the LifeCrypto platform and its dynamic community.
The platform seeks to create an incredible suite of effortless products to use, no matter the experience one has with holding cryptocurrencies. The current blockchain conditions are restricted to Dapps functioning within their ecosystems and being limited to integrating or scaling with other networks. Specific scaling solutions like Plasma, SideChains, bridging, and Oracle-based relayers have substantially improved over the years. However, they are not enough for ease of use for the end users or combined with Dapps operating within various blockchains. The platform has aimed to create simple payment rails attached to the LIFE token that would serve as the ground to enable exchangeability protocols such as PoS bridging, IBC, and others to combine with the B2C apps like the LIFE wallet in an efficient manner.
The LIFE wallet is an HD wallet with facial identification and cryptographic pin-based authentication for performing on-chain transactions.
LIFE token aims to fuel the infrastructure created currently by the platform and trust from the partner ecosystem. LIFE is an ERC-20 compatible token holding a fixed supply, positioned on the Ethereum mainnet. The LIFE token's essential role is to be the utility and a value store for everyday use across peer-to-peer USD remittances.