Lipchain — Uniting the Surfer Community with Blockchain

Jonsen 4848
7 min readSep 6, 2018

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Many people like surfing whether as hobby or even for more serious sport activity. Some people use their spare time and some eventually become professional in the surfing world. So many beach area with great ocean and waves to conquers. The feeling and fun and challenge that you experience as a surfer is something that can not be described with simple word. How about combining the challenge and fun of surfing and getting money along the way? You now can perform your hobby of surfing and gain money from it, this is a wonderful concept for the surfers out there that become reality with the Lipchain platform.

The idea behind Lipchain is to provide the surfer community with best possible conditions for practicing surfing. Lipchain team creates an App for surfers and sailors to post their videos and photos and in turn earn tokens. Instead of spending out money as a beginner to become professional athlete, Lipchain gives reward for posting your activity during your training or performance. Usually a surfer has to train for at least 8 years and spend as much as EURO 3.000 every year (can even require more budget along the way). According to the rating of the picture or video you post gets from the community, a surfer can expect to receive up to EURO 840 per month through this basic sponsoring program. Surfers with sponsors, unofficial competitions and year-round training habitat. 60m+ worldwide surfers will be able to earn tokens by simply practicing their favorite sport, can become champions faster and contribute to cleaner oceans in the process.

Lipchain as a Portugal based platform is a decentralized ecosystem providing surfers with sponsors, unofficial competitions and year-round training habitat. Surfers will be able to earn LIPS tokens by simply practicing their favorite sport and using the Lipchain App to post their videos and photos. LIPS token holders have access to discounted surfing products and services. Also the broader community votes for the best surfer and may choose champions each month, Athletes earn tokens for their content from sponsors. Lipchain will allocate 5% of the sponsorship income to foundations in carge of the cleaning of seas and beaches.

The LipChain way of work is as simple as:

  • Create the app platform: Presenting the Lipchain App as a specifically built app for surfers and sailors to post their videos and photos.
  • Uniting the global community: The surfer community will vote for the best and may choose the champions monthly
  • Enabling surfer to gain reward: Athletes / surfers can earn tokens for their videos from the sponsors.
  • Offering surfing solution: The team will offer additional surfing products and services with discounts for LIPS token holders.
  • Blockchain tech for fair voting: Blockchain decentralized the voting to choose champions on the Lipchain video contests. This also provide a transparent and fair ratings for the athletes and their uploaded videos.
  • Expanding for the future: The construction of wave pools for year-around training is planned in 2–3 years, and dedicated Lipchain resort a later time. Lipchain also develop their own wallet with biometric identification and a higher speed blockhain platform.

Lipchain can solve the problems in the surfer world such as:

  • Lack of training Spots: The present day surfers lack places to train and be efficient due to lack of enough wave places and points. The Lipchain will deal with this by constructing inland wave pools and inland eco-resorts for surfers to use all year round for trainings.
  • Lack of Limited Access: Access to Global Surfers Championships and tournaments is usually limited to some community. This problem is created due to the absence of limited funding and training spots. However,the emergence of the Lipchain will solve this issue or challenge and enable a clear playing ground for surfers via the Lipchain application.
  • Advertisers Hindrance: Advertising and reaching needed target audience is an issue for surfers and sailors. Hence, with the Lipchain platform; this issue is solved via the platform and its providence of smart contract tokens to be used by anyone in the surfing community.
  • Beach Pollution: The earths beaches and wave seas-sides are polluted with pollutants and plastics. Presently, the government is not doing anything about it and it serves as a hindrance to the surfers. Thus,with Lipchain prospects; five (5%) percent of all proceeds will be allocated to this purpose and tackling of waste management for clean beaches and wave fronts.
  • The good news is that now the Lipchain ICO is ongoing. It is the only time you can take advantage of a +15% bonus on LIPS tokens. The process also fairly easy, You only need to go to this website, register and fill out the necessary form at https://www.lipchain.io/ico/login, then make the transaction to get your tokens. The cumulative bonus system awaiting for you on LIPS tokens are as below (calculated on your global contribution):
  • Every deposit worth USD 200, gains +0.5% of your bonus weekly
  • Every deposit worth USD 400 gains +0.75% of your bonus weekly
  • Every deposit worth USD 800 will yield you +1% of bonus weekly

The LIPS Token Sale detail is that ICO start date at 21 March 2018 until 15 November 2018. Its ICO token supply available at 340,000,000 LIPS. Token Available for sale is at 210,000,000 LIPS (21%). Lipchain Soft cap is at USD 3,000,000 and its Hard cap is at USD 20,000,000. The ICO Pricing valued 1 LIPS = USD 0.095, It accept ETH, BTC for transactions. Lipchain is rated as:

  • 5.0 at TrackICO
  • 4.63 at Coinfunda
  • 4,7 on ICOBench (based on 4.6 for ICO profile, 5.0 for team, 5.0 for vision and another 5.0 for product scoring)
  • 8.6 at ICOMarks (based on 8.1 for its ICO profile (weight: 35%), 10 for its social activity (weight: 30%), another 10 for its team proof (weight: 20%) and 5 for its website (weight: 15%))
  • 6.6 at FoundICO (based on 7.7 for Main info, 7.5 for Finance, 6.6 for Product, 5.0 for Team and 6.0 for Marketing)

Bonus Program offered:

  • ICO Period 2: 15% bonus
  • ICO Period 3: 15% bonus
  • ICO Period 4: 10% bonus
  • ICO Period 5: 5% bonus
  • ICO Period 6: 0% bonus

Token distribution are for:

  • 34% — Crowdsale
  • 6% — App Buying Content
  • 1% — Bounty
  • 10% — Advisory
  • 9% — Team
  • 5% — Surf Competition Prizes
  • 5% — Sponsorship os Athletes
  • 15% — Reserve Project
  • 15% — Lipwave Pool Development

Lipchain funds allocation:

  • 40% — Waves Pool
  • 20% — Blockchain Wallet
  • 15% — Application Development
  • 15% — Sponsoring
  • 5% — Admin
  • 5% — Legal

The Lipchain roadmap are:

  • November 2016: In is concluded that the creation of a digital coin would make sense to add to the worldwide surfing community.
  • February — November 2016: Dissemination of the concept with several national surfers.Encrypted currency development.
  • January 2018: Launch of Lipchain in the market through ICO.
  • February — March 2018: To buy a boat and to create the sailing team to beat the world record. To start the sponsoring of sailing activities.
  • April — May 2018: To develop the sponsorship for regatta and sailing team both adult & junior.
  • September 2018: Launch of the APP Captivation of all outsiders.
  • October 2018: Communication, adverting and promotion of Lipchain.
  • November 2018 — April 2019: To end the ICO, in the case the hard-cap is not reach before the end.

Lipchain decentralized platform implies that it can captures global reach at all times. The Lipchain platform is scalable and accessible by all surfers,manufactures of sailing equipments and crypto-investors/users in the blockchain crypto market. In addition to its scalability, lipchain provides transparency and limitless compatibility for all user transactions and dealings in the block market.

The decentralized ecosystem that LipChain is built upon will help solve most of the topical and acute issues that surfers have to face on a daily basis. Lipchain offer the know how to make it so surfers could earn with their hobby, find funding, train year-round and participate in various competitions. Lipchain believe that after the launch of the project surfers will finally be able to coordinate their activities on a global scale. Lipchain is a great new platform for the surfer community, it shall grow and serve more surfers to develop its skills and help clean the ocean along the way. Let’s join and support Lipchain as a platform for the surfers worldwide!

Website: https://www.lipchain.io/

Whitepaper: https://www.lipchain.io/assets/pdf/white_paper.pdf

Twitter: https://twitter.com/lipchain

Facebook: https://www.facebook.com/LipChain-1754237891332927/

Medium: https://medium.com/lipchain

Linkedin: https://www.linkedin.com/company/lipchain/

Telegram: https://t.me/LipChain

User Profile: https://bitcointalk.org/index.php?action=profile;u=2104689

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