We’re making social media truly accessible. We’re challenging traditional standards, creating an easy user experience for creators, and are committed to a sustainable and environmental responsibility.
Livetree Founder, Ashley Turing, has grown the team to include developers, designers, producers and marketing specialists from across the globe in hopes to build a social platform that operates transparently and with its community in mind. We’ve come a great way from where we were to present the best in blockchain tech. So we asked Ashley a few questions about Livetree that we know our community would love to hear about.
In case you want to learn more about Livetree’s SEDC token.
All You Need To Know about Livetree & SEDC
What has Livetree been up to?
Where to start? — Well the top line is that we have been creating a revolutionary social platform owned by its users, and unlike other social networks, Livetree is owned and controlled by the users in a DAO structure. With this platform we hope to achieve successful measures with our purpose, which is to awaken us to the problems we face globally such as inequality, the climate crisis, gender challenges, global poverty and a whole list of other issues. We’re building a platform that brings creators together to share what’s real, honestly and authentically, and we reward them for their creativity.
What is Livetree building?
You can think of it as a massive progression away from today’s social networks — they often take control and own the most valuable thing — your content, your posts, your likes, your friend connections. Instead, Livetree’s platform has an easy to use interface with profiles turned into decentralised collectives or #nftCollectives that are fully owned and controlled by you. Imagine the funds from all your social content being in your control. What good could your collective do with it? Would you save a rainforest, support your local artists, or change the lives of a community? Livetree is on the brink of a new frontier of social media. We have made it seamless for those new to blockchain technologies to benefit from a free and fair internet. This is a shift in how we think about social networks and media in general.
Tell us more about the Livetree platform?
The platform has been creatively developed over a number of years, behind the scenes we started with crowdfunding, added video streaming capabilities, included speech-to-text, facial recognition and live streaming. Over the years we have developed a truly unique infrastructure that has decentralisation at its core.
What is the SEDC token and how is it different to PSED?
Each collective, or user profile, is made up of a collection of all its posts. These posts are displayed as NFTs and the NFTs are owned by your #nftCollective. Your #nftCollective then issues 1 million membership tokens (see these as your own unique digital currency) which give members access to exclusive content, creator insights and a lot more special content. You’re only as limited as your creativity allows, so go all out.
Now, we would not be any different to any other social platform if we controlled the funds and how the platform operated. That’s why we’ve established Livetree the company as a non-profit #nftCollective. The digital or cryptocurrency we use for the Livetree platform collective is SEDC or Seed NFT Collective token. There are 1 billion SEDC tokens in circulation and you earn them as you use the platform. Essentially, SEDC is used to govern and manage the platform. They can also be used to buy into an #nftCollective, buy-out a collective or cash out your funds to a crypto of your choice.
What is the collective treasury and could you name a few in-app revenue streams?
Once you sign up or buy into an #nftCollective, you’re buying into their content, their NFTs, and their collective treasury. We make this a transparent space for users to grow an #nftCollective with the money made by creators and their creativity. A few examples of how a collective can grow its treasury are:
Pay-per-view: Creator content that users pay to view. You can think of this being things like masterclasses, creator insights, insider exclusives and the list goes on.
Tickets: You can sell tickets to live events, concerts, meet-ups and any other collective accessibly event.
Rewards: Tip creators with in-app gifts. We’re building a catalog of reward types so that it is easy for users to control what they do with their tips and how they give them out.
What is the governance model of SEDC?
Governance is based on blockchain voting. We use the Moonbeam blockchain to enable users to create proposals which are then automatically executed if people vote in favour of them. These principals can be used both in Livetree and individual #nftCollectives.
Can you explain the buy-in system?
A Buy-in is when you want to join a Creator’s #nftCollective. You can do this any time and the process is quite straightforward when using the app. To make it seamless for non-blockchain users, we do not require a wallet or knowledge of blockchain but the transition is easy and you can buy-in to your favourite collective in exchange for the collective’s token. Remember you can also buy into Livetree’s collective and get SEDC at any point.
And to loyal SED holders, we want to make you’re seated front row for Livetree’s big launch. We want to make sure you’re involved in every step of the way and can’t wait to see what #nftCollectives you begin to support. In case you are uncertain of anything, we’re there for you.
I would like to swap my tokens for SEDC, how do I do that?
We love our community and offer a free upgrade for those who held SED. We have built a web page where you can connect your MetaMask and upgrade your tokens. From there, you can then move your tokens from Ethereum to Moonbeam using a bridge so you can participate in the Livetree #nftCollective. A bridge is simply an address you transfer your SEDC Ethereum tokens to and they will be bridged over to Moonbeam so they’ll appear on the Moonbeam blockchain.
I would like to cash out my tokens for the crypto of my choice, what do I need to do?
You can always cash out your SEDC against the global treasury. *Remember that SEDC holds 50% of all revenue from the platform in the form of the Glimmer (GLMR) that’s Moonbeam’s native token.*
Of course, there are many decentralised exchanges you can use and based on what the community want, we will be choosing one to support.
What’s next for Livetree?
We are excited by Cosmé our reporter from the future based in virtual reality. We have built a TV studio and have several shows lined up. Not to forget some amazing updates to the virtual world built into the app. Stay tuned for that.
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