LyfeX, Your Stable Token

Lyfe
LyfeHealth
Published in
2 min readApr 12, 2019

Dalam Bahasa Indonesia

Greetings Lyfe Buddy!

As a development of the Lyfe Wallet feature, we present LyfeX on our Lyfe app. You may already know, Lyfe Tokens are not only able to be exchanged for various vouchers and promos, but also a LYFE cryptocurrency that can be traded digitally.

LyfeX is present to you as a stable token to complete the market-based Lyfe Token ecosystem. To know about LyfeX further, you can look to these 4 points:

  1. Stable-token

LyfeX is a token that backed-up by asset. Via Lyfe app, you can exchange Lyfe Tokens to various LyfeX tokens, which will be backed-up with various physical assets. For a start, Lyfe will presents LyfeXGold or LyfeG as the first product.

Each LyfeG token will be based on physical gold assets in the Lyfe custodian partner. Lyfe tokens can be exchanged to LyfeG via Lyfe app, according to the physical gold price currently applied.

One thing you need to keep in mind: this exchange can only apply in one direction, that is, from Lyfe Token to LyfeX.

2. Asset-based

The LyfeX Token you have can be exchanged into a real physical asset. Like LyfeG for example, you can exchange it into physical gold. This exchange can be done only at our Lyfe custodian partner. Terms and conditions applied.

3. Custodian

Exchange of LyfeX tokens into physical assets can only be done at Lyfe custodian partners. This Lyfe and custodians partnership is meant to audit and custody your assets.

4. Asset Transfer

You can send LyfeX tokens as digital assets to other Lyfe app users, in any location. The recipient can also exchange LyfeX tokens into physical assets in Lyfe custodian partners that are available in their location, terms and conditions applied.

The Lyfe app and its various interesting features will be coming soon to your smartphone. Always stay tune on our Telegram channel, Medium, and social media accounts to be the first to know the latest info from Lyfe.

Thank You and Stay Tune for Our Next Update!

Lyfe Team/Management

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RISK WARNING: Lyfe does not provide any investment, financial, accounting, valuation, tax, legal, or other professional advice. All decisions to buy, sell, or trade any Digital Assets using the Services are made solely by You, and You are fully responsible for all such decisions.

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Lyfe
LyfeHealth

Lyfe is a health and wellness rewards and gamification platform built on blockchain techology. Visit our website at lyfe.health