VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.676USD
STEEM
12.461STEEM
SBD
0.003SBD
Effective Power
1.200SP
├── Own SP
0.000SP
└── Incoming DelegationsDeleg
+1.200SP
Detailed Balance
| STEEM | ||
| balance | 12.461STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.000SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 1.200SP | SP |
| Effective Power | 1.200SP | SP |
| Reward SP (pending) | 0.000SP | SP |
| SBD | ||
| sbd_balance | 0.003SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.000SBD | SBD |
{
"balance": "12.461 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "0.000000 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "1953.311140 VESTS",
"sbd_balance": "0.003 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.000 SBD",
"conversions": []
}Account Info
| name | jason1 |
| id | 234998 |
| rank | 1,618,371 |
| reputation | 296732953 |
| created | 2017-06-30T08:30:21 |
| recovery_account | steem |
| proxy | None |
| post_count | 3 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-08-16T20:23:36 |
| last_root_post | 2018-08-16T20:23:36 |
| last_vote_time | 1970-01-01T00:00:00 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 12.461 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.003 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 0.000000 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 1953.311140 VESTS |
| reward_vesting_balance | 0.000000 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 25205267551 |
| to_withdraw | 25205267551 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 1970-01-01T00:00:00 |
| mined | No |
| sbd_seconds | 1,916,310 |
| sbd_last_interest_payment | 2018-07-28T21:41:09 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"active": {
"account_auths": [],
"key_auths": [
[
"STM64Dbaw5eMxB7i1tuFfo3GKDQoFMETp88DPFmjmpwJpvqy5WTqX",
1
]
],
"weight_threshold": 1
},
"balance": "12.461 STEEM",
"can_vote": true,
"comment_count": 0,
"created": "2017-06-30T08:30:21",
"curation_rewards": 0,
"delegated_vesting_shares": "0.000000 VESTS",
"downvote_manabar": {
"current_mana": 488327785,
"last_update_time": 1588934886
},
"guest_bloggers": [],
"id": 234998,
"json_metadata": "",
"last_account_recovery": "1970-01-01T00:00:00",
"last_account_update": "1970-01-01T00:00:00",
"last_owner_update": "1970-01-01T00:00:00",
"last_post": "2018-08-16T20:23:36",
"last_root_post": "2018-08-16T20:23:36",
"last_vote_time": "1970-01-01T00:00:00",
"lifetime_vote_count": 0,
"market_history": [],
"memo_key": "STM5WdffahkhfcDJ7r6nww1cmNTehPJD4y48CmZ4aGWH8qGat2qYT",
"mined": false,
"name": "jason1",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"other_history": [],
"owner": {
"account_auths": [],
"key_auths": [
[
"STM69PJ7wobkCchZ5AvsSeP7yARSsXXQorsDNnQ7DCojXY4LucCf9",
1
]
],
"weight_threshold": 1
},
"pending_claimed_accounts": 0,
"post_bandwidth": 0,
"post_count": 3,
"post_history": [],
"posting": {
"account_auths": [],
"key_auths": [
[
"STM8DSJxjQ9xgWtLevMNdQZXZQsQon8dBcHQadQQY2Yt4s4BhYE5J",
1
]
],
"weight_threshold": 1
},
"posting_json_metadata": "",
"posting_rewards": 0,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"proxy": "",
"received_vesting_shares": "1953.311140 VESTS",
"recovery_account": "steem",
"reputation": 296732953,
"reset_account": "null",
"reward_sbd_balance": "0.000 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "0.000000 VESTS",
"reward_vesting_steem": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"sbd_balance": "0.003 SBD",
"sbd_last_interest_payment": "2018-07-28T21:41:09",
"sbd_seconds": "1916310",
"sbd_seconds_last_update": "2018-08-16T20:24:24",
"tags_usage": [],
"to_withdraw": "25205267551",
"transfer_history": [],
"vesting_balance": "0.000 STEEM",
"vesting_shares": "0.000000 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"vote_history": [],
"voting_manabar": {
"current_mana": 1953311140,
"last_update_time": 1588934886
},
"voting_power": 0,
"withdraw_routes": 0,
"withdrawn": "25205267551",
"witness_votes": [],
"witnesses_voted_for": 0,
"rank": 1618371
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2020/05/08 10:48:06
2020/05/08 10:48:06
| delegator | steem |
| delegatee | jason1 |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43194842/Trx aebf28ad31dd61a0c5fbf7a64c584341d6ff7aab |
View Raw JSON Data
{
"trx_id": "aebf28ad31dd61a0c5fbf7a64c584341d6ff7aab",
"block": 43194842,
"trx_in_block": 14,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-05-08T10:48:06",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "jason1",
"vesting_shares": "1953.311140 VESTS"
}
]
}2019/06/30 09:01:42
2019/06/30 09:01:42
| parent author | jason1 |
| parent permlink | lifelabs-buyback-programme |
| author | steemitboard |
| permlink | steemitboard-notify-jason1-20190630t090142000z |
| title | |
| body | Congratulations @jason1! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@jason1/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@jason1) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=jason1)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| Transaction Info | Block #34247997/Trx 1e99b128d0268034df0997a3941052ea258820e4 |
View Raw JSON Data
{
"trx_id": "1e99b128d0268034df0997a3941052ea258820e4",
"block": 34247997,
"trx_in_block": 9,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2019-06-30T09:01:42",
"op": [
"comment",
{
"parent_author": "jason1",
"parent_permlink": "lifelabs-buyback-programme",
"author": "steemitboard",
"permlink": "steemitboard-notify-jason1-20190630t090142000z",
"title": "",
"body": "Congratulations @jason1! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@jason1/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@jason1) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=jason1)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
}
]
}jason1received 0.000 STEEM from power down installment (0.000 SP)2018/11/03 21:28:09
jason1received 0.000 STEEM from power down installment (0.000 SP)
2018/11/03 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 0.000009 VESTS |
| deposited | 0.000 STEEM |
| Transaction Info | Block #27386736/Virtual Operation #8 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 27386736,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 8,
"timestamp": "2018-11-03T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "0.000009 VESTS",
"deposited": "0.000 STEEM"
}
]
}jason1received 0.961 STEEM from power down installment (1.191 SP)2018/10/27 21:28:09
jason1received 0.961 STEEM from power down installment (1.191 SP)
2018/10/27 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.961 STEEM |
| Transaction Info | Block #27185277/Virtual Operation #11 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 27185277,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 11,
"timestamp": "2018-10-27T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.961 STEEM"
}
]
}jason1received 0.960 STEEM from power down installment (1.191 SP)2018/10/20 21:28:09
jason1received 0.960 STEEM from power down installment (1.191 SP)
2018/10/20 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.960 STEEM |
| Transaction Info | Block #26983828/Virtual Operation #6 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 26983828,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 6,
"timestamp": "2018-10-20T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.960 STEEM"
}
]
}jason1received 0.960 STEEM from power down installment (1.191 SP)2018/10/13 21:28:09
jason1received 0.960 STEEM from power down installment (1.191 SP)
2018/10/13 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.960 STEEM |
| Transaction Info | Block #26782380/Virtual Operation #6 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 26782380,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 6,
"timestamp": "2018-10-13T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.960 STEEM"
}
]
}jason1received 0.960 STEEM from power down installment (1.191 SP)2018/10/06 21:28:09
jason1received 0.960 STEEM from power down installment (1.191 SP)
2018/10/06 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.960 STEEM |
| Transaction Info | Block #26580918/Virtual Operation #2 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 26580918,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 2,
"timestamp": "2018-10-06T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.960 STEEM"
}
]
}jason1received 0.959 STEEM from power down installment (1.191 SP)2018/09/29 21:28:09
jason1received 0.959 STEEM from power down installment (1.191 SP)
2018/09/29 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.959 STEEM |
| Transaction Info | Block #26379446/Virtual Operation #10 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 26379446,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 10,
"timestamp": "2018-09-29T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.959 STEEM"
}
]
}jason1received 0.959 STEEM from power down installment (1.191 SP)2018/09/22 21:28:09
jason1received 0.959 STEEM from power down installment (1.191 SP)
2018/09/22 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.959 STEEM |
| Transaction Info | Block #26178170/Virtual Operation #13 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 26178170,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 13,
"timestamp": "2018-09-22T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.959 STEEM"
}
]
}jason1received 0.959 STEEM from power down installment (1.191 SP)2018/09/15 21:28:09
jason1received 0.959 STEEM from power down installment (1.191 SP)
2018/09/15 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.959 STEEM |
| Transaction Info | Block #25992280/Virtual Operation #3 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 25992280,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 3,
"timestamp": "2018-09-15T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.959 STEEM"
}
]
}jason1received 0.958 STEEM from power down installment (1.191 SP)2018/09/08 21:28:09
jason1received 0.958 STEEM from power down installment (1.191 SP)
2018/09/08 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.958 STEEM |
| Transaction Info | Block #25790728/Virtual Operation #25 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 25790728,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 25,
"timestamp": "2018-09-08T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.958 STEEM"
}
]
}jason1received 0.958 STEEM from power down installment (1.191 SP)2018/09/01 21:28:09
jason1received 0.958 STEEM from power down installment (1.191 SP)
2018/09/01 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.958 STEEM |
| Transaction Info | Block #25589253/Virtual Operation #9 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 25589253,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 9,
"timestamp": "2018-09-01T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.958 STEEM"
}
]
}jason1received 0.957 STEEM from power down installment (1.191 SP)2018/08/25 21:28:09
jason1received 0.957 STEEM from power down installment (1.191 SP)
2018/08/25 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.957 STEEM |
| Transaction Info | Block #25387744/Virtual Operation #17 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 25387744,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 17,
"timestamp": "2018-08-25T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.957 STEEM"
}
]
}jason1received 0.957 STEEM from power down installment (1.191 SP)2018/08/18 21:28:09
jason1received 0.957 STEEM from power down installment (1.191 SP)
2018/08/18 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.957 STEEM |
| Transaction Info | Block #25186238/Virtual Operation #13 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 25186238,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 13,
"timestamp": "2018-08-18T21:28:09",
"op": [
"fill_vesting_withdraw",
{
"from_account": "jason1",
"to_account": "jason1",
"withdrawn": "1938.866734 VESTS",
"deposited": "0.957 STEEM"
}
]
}yeheyupvoted (10.00%) @jason1 / lifelabs-buyback-programme2018/08/16 21:03:48
yeheyupvoted (10.00%) @jason1 / lifelabs-buyback-programme
2018/08/16 21:03:48
| voter | yehey |
| author | jason1 |
| permlink | lifelabs-buyback-programme |
| weight | 1000 (10.00%) |
| Transaction Info | Block #25128174/Trx abec2676ead42c6e5f35500470d82d14c175a286 |
View Raw JSON Data
{
"trx_id": "abec2676ead42c6e5f35500470d82d14c175a286",
"block": 25128174,
"trx_in_block": 4,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-08-16T21:03:48",
"op": [
"vote",
{
"voter": "yehey",
"author": "jason1",
"permlink": "lifelabs-buyback-programme",
"weight": 1000
}
]
}acknowledgementupvoted (10.00%) @jason1 / lifelabs-buyback-programme2018/08/16 21:02:54
acknowledgementupvoted (10.00%) @jason1 / lifelabs-buyback-programme
2018/08/16 21:02:54
| voter | acknowledgement |
| author | jason1 |
| permlink | lifelabs-buyback-programme |
| weight | 1000 (10.00%) |
| Transaction Info | Block #25128156/Trx de132424e67f2a9c326b64dc503a49d75454ed41 |
View Raw JSON Data
{
"trx_id": "de132424e67f2a9c326b64dc503a49d75454ed41",
"block": 25128156,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-08-16T21:02:54",
"op": [
"vote",
{
"voter": "acknowledgement",
"author": "jason1",
"permlink": "lifelabs-buyback-programme",
"weight": 1000
}
]
}youngogmarqsupvoted (0.02%) @jason1 / lifelabs-buyback-programme2018/08/16 20:48:42
youngogmarqsupvoted (0.02%) @jason1 / lifelabs-buyback-programme
2018/08/16 20:48:42
| voter | youngogmarqs |
| author | jason1 |
| permlink | lifelabs-buyback-programme |
| weight | 2 (0.02%) |
| Transaction Info | Block #25127872/Trx c0dc07cf67a787d31ac3ffbcfc7bd2dc7d816d77 |
View Raw JSON Data
{
"trx_id": "c0dc07cf67a787d31ac3ffbcfc7bd2dc7d816d77",
"block": 25127872,
"trx_in_block": 6,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-08-16T20:48:42",
"op": [
"vote",
{
"voter": "youngogmarqs",
"author": "jason1",
"permlink": "lifelabs-buyback-programme",
"weight": 2
}
]
}2018/08/16 20:24:24
2018/08/16 20:24:24
| from | zalim100 |
| to | jason1 |
| amount | 0.001 SBD |
| memo | Hello @jason1 >>> make your posts trend by RESTEEM/UPVOTE to my +7000 FOLLOWERS => Send 0.3 SBD or 0.4 STEEM to @zalim100 and your post will be resteemed to my +7000 followers or send other amounts for upvoting it. thanks |
| Transaction Info | Block #25127386/Trx b751a7b2b894e6a285be5e1d971266a7b40cf021 |
View Raw JSON Data
{
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"timestamp": "2018-08-16T20:24:24",
"op": [
"transfer",
{
"from": "zalim100",
"to": "jason1",
"amount": "0.001 SBD",
"memo": " Hello @jason1 >>> make your posts trend by RESTEEM/UPVOTE to my +7000 FOLLOWERS => Send 0.3 SBD or 0.4 STEEM to @zalim100 and your post will be resteemed to my +7000 followers or send other amounts for upvoting it. thanks"
}
]
}2018/08/16 20:23:48
2018/08/16 20:23:48
| from | cryptoa |
| to | jason1 |
| amount | 0.001 SBD |
| memo | ✔ Resteem/Upvote Service by @cryptoa ✔ │ Promote Your Post By Resteem It To My +11200 Followers │ Send 0.5 SBD or 0.6 STEEM to @cryptoa (post URL as memo) for resteem service or send other amounts for upvote service. │ ☻ Thanks in advance ☻ |
| Transaction Info | Block #25127374/Trx 17aa7c0c2a04d61b6e91ad29540a5c89cb79ee8c |
View Raw JSON Data
{
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"amount": "0.001 SBD",
"memo": "✔ Resteem/Upvote Service by @cryptoa ✔ │ Promote Your Post By Resteem It To My +11200 Followers │ Send 0.5 SBD or 0.6 STEEM to @cryptoa (post URL as memo) for resteem service or send other amounts for upvote service. │ ☻ Thanks in advance ☻"
}
]
}jason1published a new post: lifelabs-buyback-programme2018/08/16 20:23:36
jason1published a new post: lifelabs-buyback-programme
2018/08/16 20:23:36
| parent author | |
| parent permlink | bitcoin |
| author | jason1 |
| permlink | lifelabs-buyback-programme |
| title | LIFElabs Buyback Programme! |
| body |  <h1>LIFElabs has done it again. This time by implementing a “buyback programme”.</h1> In a recent tweet shared across several social media platforms, LIFElabs (philanthropic fintech startup that aims to make cryptocurrency ‘simply for everyone’ ) just announced that they will be implementing a new “buyback programme”:  Following the recent release of our updated white paper in July 2018, and after positive feedback from LIFE’s strategic partners and adopters, LIFElabs is now pleased to announce that we will be implementing a buyback of LIFEtokens from the marketplace.  The purpose of the buyback is to further enhance our strategic vision and the role of LIFEtoken within our LIFEPaaS proposition (please see our white paper for more detail). This LIFEtoken allocation will secure our long-term utilitarian focus for the philanthropic partners we work with, for example crowd-sourced funding projects, a key element of the LIFEPaaS. Exploring this opportunity has determined that the LIFE merchant gateway has the requirement to ring-fence tokens, ensuring that these services can continue to operate (for example, with crowd-sourced funding, tokens will vest in projects for predetermined periods of time).  The buyback programme is expected to last between 12-18 months and will start from Q3 2018, commencing September 1st, 2018. The duration of the buyback process will be determined by both the product development programme and the market. The company has allocated sufficient funds, with price volatility forecast into our purchasing projections based upon a 120-day moving average price for LIFE (approximately 3-4 sats) as a near-term price target. This allocation of funding has no impact on the road map deliverables or funding of the company, moving forward.  The LIFEteam will continue to update the market on progress on a quarterly basis from January 1st 2019 onwards. A detailed projection of the application of these tokens and the dynamics of the LIFEPaaS will be in our next updated release of the LIFElabs.io white paper, scheduled for December 2018. <h1>Obviously, to those of us already in the community, this is an amazing announcement.</h1> To those who aren’t yet on board, now may be the best chance. With the iOS wallet and other products fast approaching, a bright future lies ahead. Original post formatted for Medium by Crypto Mikhail 8/16/18. All imagery and quoted text is creative property of LIFELABS-used with permission. This piece should not be constituted as official by LIFElabs or any of its subsidiaries or affiliates. |
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| Transaction Info | Block #25127370/Trx 1d416117757a4bbafdf25ff90948e5e7233194eb |
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"body": "\n\n<h1>LIFElabs has done it again. This time by implementing a “buyback programme”.</h1>\n\n\nIn a recent tweet shared across several social media platforms, LIFElabs (philanthropic fintech startup that aims to make cryptocurrency ‘simply for everyone’ ) just announced that they will be implementing a new “buyback programme”:\n\n\n\nFollowing the recent release of our updated white paper in July 2018, and after positive feedback from LIFE’s strategic partners and adopters, LIFElabs is now pleased to announce that we will be implementing a buyback of LIFEtokens from the marketplace.\n\n\n\nThe purpose of the buyback is to further enhance our strategic vision and the role of LIFEtoken within our LIFEPaaS proposition (please see our white paper for more detail). This LIFEtoken allocation will secure our long-term utilitarian focus for the philanthropic partners we work with, for example crowd-sourced funding projects, a key element of the LIFEPaaS. Exploring this opportunity has determined that the LIFE merchant gateway has the requirement to ring-fence tokens, ensuring that these services can continue to operate (for example, with crowd-sourced funding, tokens will vest in projects for predetermined periods of time).\n\n\n\nThe buyback programme is expected to last between 12-18 months and will start from Q3 2018, commencing September 1st, 2018. The duration of the buyback process will be determined by both the product development programme and the market. The company has allocated sufficient funds, with price volatility forecast into our purchasing projections based upon a 120-day moving average price for LIFE (approximately 3-4 sats) as a near-term price target. This allocation of funding has no impact on the road map deliverables or funding of the company, moving forward.\n\n\n\nThe LIFEteam will continue to update the market on progress on a quarterly basis from January 1st 2019 onwards. A detailed projection of the application of these tokens and the dynamics of the LIFEPaaS will be in our next updated release of the LIFElabs.io white paper, scheduled for December 2018.\n\n<h1>Obviously, to those of us already in the community, this is an amazing announcement.</h1>\n\nTo those who aren’t yet on board, now may be the best chance. With the iOS wallet and other products fast approaching, a bright future lies ahead.\n\n\nOriginal post formatted for Medium by Crypto Mikhail 8/16/18. All imagery and quoted text is creative property of LIFELABS-used with permission. This piece should not be constituted as official by LIFElabs or any of its subsidiaries or affiliates.",
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}jason1received 0.957 STEEM from power down installment (1.191 SP)2018/08/11 21:28:09
jason1received 0.957 STEEM from power down installment (1.191 SP)
2018/08/11 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.957 STEEM |
| Transaction Info | Block #24984704/Virtual Operation #4 |
View Raw JSON Data
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}jason1received 0.956 STEEM from power down installment (1.191 SP)2018/08/04 21:28:09
jason1received 0.956 STEEM from power down installment (1.191 SP)
2018/08/04 21:28:09
| from account | jason1 |
| to account | jason1 |
| withdrawn | 1938.866734 VESTS |
| deposited | 0.956 STEEM |
| Transaction Info | Block #24783186/Virtual Operation #4 |
View Raw JSON Data
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}rainrafinupvoted (100.00%) @jason1 / the-case-for-life2018/08/04 06:51:51
rainrafinupvoted (100.00%) @jason1 / the-case-for-life
2018/08/04 06:51:51
| voter | rainrafin |
| author | jason1 |
| permlink | the-case-for-life |
| weight | 10000 (100.00%) |
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}sourav360upvoted (100.00%) @jason1 / the-case-for-life2018/08/03 13:57:12
sourav360upvoted (100.00%) @jason1 / the-case-for-life
2018/08/03 13:57:12
| voter | sourav360 |
| author | jason1 |
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}happywenupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/08/02 08:57:33
happywenupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/08/02 08:57:33
| voter | happywen |
| author | jason1 |
| permlink | lifelabs-and-blockchain-within-the-philanthropic-sector |
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}happywenupvoted (100.00%) @jason1 / the-case-for-life2018/08/02 08:56:51
happywenupvoted (100.00%) @jason1 / the-case-for-life
2018/08/02 08:56:51
| voter | happywen |
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| permlink | the-case-for-life |
| weight | 10000 (100.00%) |
| Transaction Info | Block #24710582/Trx 9a914fc1ace0c9d1ef43a15e536b822c407e545c |
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}mbmbmnmnupvoted (100.00%) @jason1 / the-case-for-life2018/07/30 21:08:45
mbmbmnmnupvoted (100.00%) @jason1 / the-case-for-life
2018/07/30 21:08:45
| voter | mbmbmnmn |
| author | jason1 |
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| weight | 10000 (100.00%) |
| Transaction Info | Block #24638864/Trx d7ea2f1a4ac127a097cf93fff14fbce1d451f550 |
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}angelfish87upvoted (100.00%) @jason1 / the-case-for-life2018/07/30 19:45:33
angelfish87upvoted (100.00%) @jason1 / the-case-for-life
2018/07/30 19:45:33
| voter | angelfish87 |
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}twpunditupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/30 11:50:45
twpunditupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/30 11:50:45
| voter | twpundit |
| author | jason1 |
| permlink | lifelabs-and-blockchain-within-the-philanthropic-sector |
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}twpunditupvoted (100.00%) @jason1 / the-case-for-life2018/07/30 11:50:36
twpunditupvoted (100.00%) @jason1 / the-case-for-life
2018/07/30 11:50:36
| voter | twpundit |
| author | jason1 |
| permlink | the-case-for-life |
| weight | 10000 (100.00%) |
| Transaction Info | Block #24627704/Trx b45c7c2ea21c8619cc7843f36693d39dbfa94c28 |
View Raw JSON Data
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}meetstupvoted (100.00%) @jason1 / the-case-for-life2018/07/30 05:06:33
meetstupvoted (100.00%) @jason1 / the-case-for-life
2018/07/30 05:06:33
| voter | meetst |
| author | jason1 |
| permlink | the-case-for-life |
| weight | 10000 (100.00%) |
| Transaction Info | Block #24619627/Trx d66bb01a2b52e30065fe375f57c96eb773da3285 |
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}2018/07/29 06:55:51
2018/07/29 06:55:51
| parent author | jason1 |
| parent permlink | lifelabs-and-blockchain-within-the-philanthropic-sector |
| author | surikowstepanuk |
| permlink | re-jason1-lifelabs-and-blockchain-within-the-philanthropic-sector-20180729t065551694z |
| title | |
| body | I agree with the author, @jason1! |
| json metadata | {"tags":["bitcoin"],"users":["jason1"],"app":"steemit/0.1"} |
| Transaction Info | Block #24593018/Trx 429f325b55a954a308740948b45321940b33edd2 |
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}2018/07/29 06:53:54
2018/07/29 06:53:54
| parent author | jason1 |
| parent permlink | the-case-for-life |
| author | real-info |
| permlink | re-jason1-the-case-for-life-20180729t065443791z |
| title | |
| body | @jason I like to add that In the event that one takes this view to its sensible decisions, one is compelled to acknowledge that individuals are significant just when they get a particular property.the holiness of life is anything but an ethically complex issue, It's not about decision, protection, or logical advance. |
| json metadata | {"tags":["bitcoin"],"users":["jason"],"app":"steemit/0.1"} |
| Transaction Info | Block #24592979/Trx 8f2a9bf70a4e0ef7807e0b92a8b880d7f3c448ca |
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"body": "@jason I like to add that In the event that one takes this view to its sensible decisions, one is compelled to acknowledge that individuals are significant just when they get a particular property.the holiness of life is anything but an ethically complex issue, It's not about decision, protection, or logical advance.",
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}lisa1613upvoted (100.00%) @jason1 / the-case-for-life2018/07/29 03:55:03
lisa1613upvoted (100.00%) @jason1 / the-case-for-life
2018/07/29 03:55:03
| voter | lisa1613 |
| author | jason1 |
| permlink | the-case-for-life |
| weight | 10000 (100.00%) |
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}2018/07/29 02:42:48
2018/07/29 02:42:48
| parent author | jason1 |
| parent permlink | the-case-for-life |
| author | surikowstepanuk |
| permlink | re-jason1-the-case-for-life-20180729t024246743z |
| title | |
| body | @jason1 Taram-pam-pam |
| json metadata | {"tags":["bitcoin"],"users":["jason1"],"app":"steemit/0.1"} |
| Transaction Info | Block #24587958/Trx b1b934247bd3ce468dff574e8fa621c1d49de7a6 |
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sensationupvoted (100.00%) @jason1 / the-case-for-life
2018/07/29 01:57:57
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}mina95upvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/29 00:37:48
mina95upvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/29 00:37:48
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mina95upvoted (100.00%) @jason1 / the-case-for-life
2018/07/29 00:37:36
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}moby-dickupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 23:46:54
moby-dickupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 23:46:54
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raise-me-upsent 0.001 SBD to @jason1- "✔ Don't waste your time, promote your post to more than 24,000+ FOLLOWERS and get Min 150+ upvotes for only 1 SBD or 1.5 STEEM. Feel the difference. Invest in your account to succeed! Find new friends..."
2018/07/28 23:44:21
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| amount | 0.001 SBD |
| memo | ✔ Don't waste your time, promote your post to more than 24,000+ FOLLOWERS and get Min 150+ upvotes for only 1 SBD or 1.5 STEEM. Feel the difference. Invest in your account to succeed! Find new friends/voters who will vote your posts daily. Put post's url in memo and @raise-me-up will resteem your post + 100% upvote. 365 days Active. |
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2018/07/28 23:27:21
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| title | |
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}expressionismupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 23:01:39
expressionismupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 23:01:39
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}sensationupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 22:54:18
sensationupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 22:54:18
| voter | sensation |
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2018/07/28 22:26:30
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2018/07/28 22:26:15
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}zedpalupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 22:19:57
zedpalupvoted (100.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 22:19:57
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2018/07/28 22:09:48
| delegator | steem |
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}2018/07/28 21:41:42
2018/07/28 21:41:42
| from | jason1 |
| to | null |
| amount | 8.687 SBD |
| memo | @jason1/the-case-for-life |
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}2018/07/28 21:41:09
2018/07/28 21:41:09
| from | jason1 |
| to | null |
| amount | 5.000 SBD |
| memo | @jason1/lifelabs-and-blockchain-within-the-philanthropic-sector |
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}blocktradessent 13.687 SBD to @jason12018/07/28 21:35:15
blocktradessent 13.687 SBD to @jason1
2018/07/28 21:35:15
| from | blocktrades |
| to | jason1 |
| amount | 13.687 SBD |
| memo | |
| Transaction Info | Block #24581808/Trx 3ee4363d80aba0a975b8d9c82c284ae46a1f2a64 |
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}jason1started power down of 15.479 SP2018/07/28 21:28:09
jason1started power down of 15.479 SP
2018/07/28 21:28:09
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}2018/07/28 21:26:36
2018/07/28 21:26:36
| from | jason1 |
| to | jason1 |
| amount | 11.924 STEEM |
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View Raw JSON Data
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}blocktradessent 11.924 STEEM to @jason12018/07/28 21:21:00
blocktradessent 11.924 STEEM to @jason1
2018/07/28 21:21:00
| from | blocktrades |
| to | jason1 |
| amount | 11.924 STEEM |
| memo | |
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}alphabotupvoted (1.00%) @jason1 / the-case-for-life2018/07/28 21:00:45
alphabotupvoted (1.00%) @jason1 / the-case-for-life
2018/07/28 21:00:45
| voter | alphabot |
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}jason1published a new post: the-case-for-life2018/07/28 21:00:33
jason1published a new post: the-case-for-life
2018/07/28 21:00:33
| parent author | |
| parent permlink | bitcoin |
| author | jason1 |
| permlink | the-case-for-life |
| title | The case for LIFE |
| body | @@ -1,16 +1,110 @@ +Please note: any funds generated from this article will go towards a Life supported charity.%0A%0A %3Ch1%3EThe case for |
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}fastresteemupvoted (1.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 21:00:24
fastresteemupvoted (1.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 21:00:24
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}jason1published a new post: lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 21:00:09
jason1published a new post: lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 21:00:09
| parent author | |
| parent permlink | bitcoin |
| author | jason1 |
| permlink | lifelabs-and-blockchain-within-the-philanthropic-sector |
| title | LIFElabs and Blockchain within the Philanthropic Sector |
| body | @@ -1,12 +1,106 @@ +Please note: any funds generated from this article will go towards a Life supported charity.%0A%0A !%5B1_qjHZzNyY |
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}ax3upvoted (1.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 20:54:06
ax3upvoted (1.00%) @jason1 / lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 20:54:06
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}jason1published a new post: lifelabs-and-blockchain-within-the-philanthropic-sector2018/07/28 20:53:57
jason1published a new post: lifelabs-and-blockchain-within-the-philanthropic-sector
2018/07/28 20:53:57
| parent author | |
| parent permlink | bitcoin |
| author | jason1 |
| permlink | lifelabs-and-blockchain-within-the-philanthropic-sector |
| title | LIFElabs and Blockchain within the Philanthropic Sector |
| body |  <h1>LIFElabs White Paper</h1> *This Whitepaper information has been copied directly from the official source and formatted for Medium. Publication of this work does not imply ownership or official affiliation with LIFElabs (R) or any of its subsidiaries or affiliates. <h1>LIFElabs:</h1> a decentralised array of Blockchain services, bridging traditional payments and loyalty rewards with social organisations in the philanthropic sector, underpinned by a long-term strategic, digital currency with ethical foundations, accessible to all. WP V2.0 1 Confidential Copyright © LIFElabs.io ™ 2018 Disclaimer: LIFElabs reserves the right to alter the content of this paper at any time, therefore the content and subject matter is tentative. A current view of the company’s development road map can be found at LIFElabs.io . The content of this white paper is high level and strategic, reflecting the overall focus of the company and its vision. The content herein is not a prospectus, soliciting investment of any kind and should not be interpreted as accounting or the representation of a financial instrument. Any references to digital currency should be construed as a reflection of the utility of Blockchain and ERC-20 tokens in the respect of transactions. This white paper is written to inform interested parties of a forthcoming platform as a service (PaaS) or software based ecosystem, which is equable to a suite of products which interlink to achieve a common goal. <h1>Introduction</h1> A Note of Thanks from the CEO, Luke Chittock. Loosely explained (and it will be better defined in the following pages) Blockchain is a revolution in decentralised internet technology. I have always viewed it as a good disruptor in the challenge of the world and its many communities pursuing sustainable globalisation. Blockchain has been widely adopted by many companies, the Ethereum Enterprise Alliance is proof enough of this but mainstream adoption is still yet to come. Blockchain has emerged from the shadows of the Internet, lending caution to some, but this revolution in data management has arrived to enlighten us all in data transparency and security. Every advancement in technology brings opportunities to the brave: our early philanthropic partners and loyalty reward customers have embraced the revolution of Blockchain with LIFELabs, allowing us to paint the future of our ethical platform and products. To all of you, the team and community of LIFE owe you their thanks.  <h1>Abstract</h1> The utility of Blockchain makes a compelling opportunity for an inclusive society, redefining economic prosperity, unlocking uncertainty, and jumpstarting regenerative cycles in the digital age. Here at LIFElabs we are embracing the paradigm shift that Blockchain represents and have created LIFEtoken (a digital currency) on the Ethereum Blockchain. Moving away from traditional depleting economic and social organisation models, we will encourage a more positive dynamic for individuals, communities, their local economies and the environment and the social organisations that strive to make a difference across the globe. LIFElabs is building an ecosystem for digital currencies to be accessible to all but also a multifaceted platform for social organisations to adopt Blockchain technology to support their own projects. The technology of Blockchain is challenging for some to conceptualise and thought provoking in its reach across multiple sectors. Defined by trust and transparency in an age of digital transactions, Blockchain has made it unnecessary for a centralised authority to verify and clear transactions but has also made it possible to track money transfers, reducing uncertainty on leverage or the tracking of goods in traditional supply chains. Blockchain embodies globalisation in our times, a far-reaching technology available to all; the seen and unseen across the world. LIFElabs is a world-first in the emerging Blockchain sector. We have ring-fenced 30 billion tokens of our supply (almost one third of the total supply) for good causes. We are also underpinning the utility of this philanthropic-focused digital currency supply with a platform of Blockchain services that will enable adopters, ranging from individuals to businesses, to benefit from the Blockchain revolution. The barriers to many social organisations adopting a new technology, or new technologies, are high, and Blockchain is no different in this respect. That is why at LIFElabs we are going to create a PaaS (Platform as a Service) for social organisations to adopt, at no cost, to fulfil their own needs; whether to drive forward-thinking innovation, restore trust, or operate transparently in supply- or project- funded scenarios. By adopting LIFEtoken (or LIFELabs services) any individual or organisation can make a difference by virtue of adopting LIFEtoken for rewards, transactions, or as a store of digital wealth: anyone can join our ethical revolution. <h1>About Blockchain</h1> What is blockchain and how does it work? The simplest description of Blockchain is that it is a public ledger, decentralised and distributed globally. The ledger is not owned by any one individual, but rather it is best described as having curators who maintain the ledger by performing the complex mathematical computations that ensure its security, related to cryptography. This contribution rewards the curators differently depending on which Blockchain is being used. The Ethereum blockchain upon which LIFEtoken is built, classifies digital currencies such as LIFE as ERC20 tokens. Transacting tokens requires fractional amounts of Ethereum used as ‘gas’ to fuel the transaction. The Ethereum Blockchain allows programmers to create better solutions (using smart contracts for example) for today’s digital technology revolution. LIFElabs will use this technology to focus upon loyalty reward program problems. In the context loyalty rewards Blockchain technology creates transaction records shared across a network of computers. Every transaction creates a new block of information for every token transacted. These blocks of information are chained to previous blocks, which are then shared across a network of nodes on the blockchain. This concept coined the term ‘Blockchain’. Loyalty reward points based on blockchain are easy to track, trace and have a transparent value and even higher levels of utility for the consumer.   <h1>Core Concepts</h1> The technology that underpins the LIFE ecosystem. Each party on a Blockchain has access to the entire database and its complete history. No single party controls the data or the information. Every party can verify the records of its transaction partners directly, without an intermediary. Distributed Database: Communication occurs directly between peers instead of through a central node. Each node stores and forwards information to all other nodes. Peer-to-Peer Transmission: Every transaction and its associated value are visible to anyone with access to the ledger. Each user can generate an infinite number of addresses. Users can choose to remain anonymous or provide proof of their identity to others. Transactions occur between Blockchain addresses. Transparency with Security: Once a transaction is entered into the Blockchain and the blocks are updated, the records cannot be altered because they’re linked to every transaction record that came before them (hence the term “chain”). Irreversibility of Records: The digital nature of the ledger means that Blockchain transactions can be tied to computational logic and, in essence, programmed; so users can set up algorithms and rules that automatically trigger transactions between nodes. Computational Logic (Smart Contracts): The digital nature of the ledger means that Blockchain transactions can be tied to computational logic and, in essence, programmed; so users can set up algorithms and rules that automatically trigger transactions between nodes.    <h1>LIFE Platform as a Service</h1>  <h1>The Ecosystem Explained</h1> At its core, LIFE embraces digital transactions by providing a wallet to hold digital currencies, a loyalty reward provision with e- commerce plug ins, and the ability to exchange digital currencies. These services are all powered by the Ethereum Blockchain, a trusted and heavily-adopted Blockchain – known to some as a ‘global computer’. The secondary objective of LIFElabs is to build a platform as a service (PaaS) for the philanthropic sector to access the utility of Blockchain to further their respective causes. Services in this platform include tracking and pooling – the ability of social organisations to enforce trust with donors and deliver their message to an ethically-minded audience in a trusted platform. This architecture supports product development. Our product wheel (on the next page) reflects the various stages of product development. Product development is ordered in strategic importance to growth – initially, the first element is the LIFEwallet. Why is this important? LIFEwallet allows you to store, access and transfer digital currencies. Featured here in the centre, our wallet is designed to be accessible to all, with the perfect balance of usability and security for users.  <h1>LIFElabs Product Wheel</h1> The Ecosystem Explained The LIFE product wheel: phased development approach. The following pages will discuss each product and its relative market and features in more detail. Each section forms part of the wider platform, and no one section is independent of another in its entirety.  <h1>LIFEtoken and Supply</h1> The Lifelabs Ecosystem The total supply of LIFEtoken is 100bn. The circulating supply reflects how much liquidity there is in the market; this is important to consider from the aspects of volatility and accessibility on digital currency exchanges worldwide. For some, LIFEtoken will become a store of value other than the focus of utility. Over time, the circulating supply will vary marginally and organically due to the natural demand and supply dynamics, and the LIFElabs team will act as deficit central bankers, replenishing the ring-fenced supply from adopter transactions, maintaining supply to adopter wallets and liquidity for exchanges, and nominated brokers as fiat ‘ramps’ into digital currencies.  <h1>Lifelabs.io Roadmap</h1>  <h1>LIFEtoken</h1> PaaS for transactional ecosystem Digital currencies have a vital part to play in transactional ecosystems online and in traditional walks of life. Blockchain allows B2C or peer to peer cross border remittance possible in seconds. The role can revolutionise the transfer of wealth by negating the need to use a third party. Our aim is to accelerate adoption of LIFEtoken with a first phase of product development, which will foster adoption by SMEs, SMBs, non-profits and individuals and provide a friction-less entry into the world digital currencies.  <h1>LIFEapp</h1> Hierarchical Deterministic Wallet LIFEwallet is a Hierarchical Deterministic wallet (HD wallet). This means that unique wallet addresses can be generated to be used for each transaction, which protects the wallet holder’s wallet identity and therefore shields others from viewing their digital wealth. We have also implemented a seamless sign-up process that maintains all of the best security protocols to protect our user base and also takes the friction and complexity out for newcomers to Blockchain and digital currencies. Our mission is to demystify cryptocurrency and make it accessible to all. LIFEwallet on iOS supports ETH (Ethereum), LIFEtoken (and ERC20 compliant tokens), and Bitcoin. Other digital currencies will be added in due course. The technical side of wallets is complex and security is of paramount importance. Our design has further features to help the user maintain their integrity, protect their LIFEtoken, Bitcoin, and altcoins, or any other digital currency. If you would like more information regarding the code base of our wallet or more technical information, please see our forthcoming technical white paper, due to be released in late 2018.  <h1>LIFEwallet Features</h1> Below are just a few features that will be included in our first release of the LIFEapp with plans to integrate more features in later releases.  <h1>LIFE wallet Generation, Wallet Security, Backup, and Recovery</h1> The following figure shows how the HD multi-currency wallet in the LIFEapp is generated, secured, and how the wallet can be backed up and restored using the LIFEapp.  Wallet generation (from the LIFEapp): The wallet in LIFEapp is generated as follows: Step 1: The app generates some random bits. Step 2: The random bits are converted into 12 mnemonic words and are given to the user (these words need to be written down and kept safe). Step 3 (optional): The user then chooses an optional mnemonic password. This optional password, not to be written down, can protect the 12 mnemonic words in case they are lost or stolen. If the password is used, the person who only has access to the 12 mnemonic words will be unable to generate the wallet keys. Step 4: The wallet seed is then generated using the mnemonic words together with the password if one is provided by the user (the wallet seed stays in memory only). Steps 1 to 4 are done using standard BIP39 libraries [1]. Since LIFEapp is using a Hierarchical Deterministic wallet (HD wallet), the wallet seed contains all the information to derive all the public and private keys in the entire wallet. Wallet Security: LIFEapp protects the wallet in two ways. First, it protects the wallet seed on the storage medium of the device so that the wallet seed and all the private keys derived from it cannot be read by someone who has access to the storage medium. Second, LIFEapp protects the wallet actions so that an unauthorised person who has access to the device cannot transfer the funds.These two security goals are achieved using the wallet password provided by the LIFE user. Step 5 (optional): The LIFE user provides a wallet password (optional) but is advised to provide a strong password for this. Step 6: LIFEapp uses a password-based Key Derivation Function (PBKDF), such as scrypt, to derive a AES-256 key. Step 7: The AES-256 key is used to encrypt the wallet seed. Step 8: The encrypted wallet seed is stored on the storage device. The LIFEapp uses BIP32 [2] and BIP44 [3] to derive keys in the HD multi-currency wallet. For security, we consider the following scenarios: • An attacker gets hold of the 12 mnemonic words. If the LIFE user had used the mnemonic password, the attacker will not be able to generate the private and public keys to steal the funds. If the mnemonic password is not used, then the attacker will be able to access the funds in the wallet. • An attacker gets hold of the device which is powered down. If the attacker gained access to the storage medium and managed to break the secure storage feature of the operating system, then the attacker cannot read the wallet seed if the wallet password is used by the LIFE user. If the attacker tries to brute-force the password then PBKDF will make this process very slow so that the attacker can guess only a few rather than millions of passwords per second on a standard personal computer. This will allow the user to regenerate the wallet on a different device and transfer funds to a different wallet. • An attacker gets hold of the device which is locked. We assume that the LIFE user had used a strong PIN to lock the device and the attacker cannot unlock the device. • An attacker gained access to the LIFEapp on an unlocked device. The attacker will then be able to see the transaction history and balances, but will not be able to steal funds easily if the wallet password is used. If no wallet password is used then the attacker can steal all the funds. <h1>Backup and restore:</h1> we consider the following scenarios where LIFE user wants to backup and restore the wallet: • In order to backup the wallet, the LIFE user needs to write down the 12 mnemonic words and store the document safely somewhere. If the mnemonic password is used, it must not be stored together with the mnemonic words: if so, the password gives no extra security. • LIFEapp strongly recommends that the user chooses a strong mnemonic password and stores it separately from the mnemonic words. • Using the 12 mnemonic words and the mnemonic password the entire wallet can be restored. Since the LIFEapp uses standard libraries for the wallet, the LIFE user can take these mnemonic words and password to generate the same wallet using other wallet apps that support HD multi-currency wallets. Similarly, the user can bring wallets created with other apps to LIFEapp. • The LIFE user can use multiple devices to access their wallets. They can recreate the wallet on one device using 12 mnemonic words and/or with a mnemonic password. <h1>Loyalty Rewards</h1> Why Rewards for Disruption? *Loyalty points had a book value of around $350 billion globally in 2015 and will be worth an estimated $500 billion by 2019 *53% of consumers expressed a desire for all rewards to be digital 2/3 of consumers think it’s important for brands to take a stance on social issues For 56% of consumers, knowing a brand is socially conscious influences their purchasing decisions LIFElabs charitable partners benefit from the consumer adoption of loyalty rewards from 30% of the net transactions on the LIFE ecosystem top up the ring-fenced supply (30bn tokens), which redistributes a sustainable source of wealth to our big philanthropic partners *https://www.reuters.com/article/us-usa-exchange-loyalty-idUSKBN15F2SC **http://www.mintel.com/press-centre/social-and-lifestyle/56-of-americans-stop-buying-from-brands-they-believe-are-unethical <h1>Blockchain works</h1> so well for loyalty rewards because of its inherently transparent and secure nature. For consumers juggling an array of complicated loyalty programs, Blockchain provides a way to instantly redeem and exchange multiple loyalty point currencies on a single platform. With only one wallet for points, represented as digital currency, consumers will not be hampered by redemption rules.  <h1>Loyalty Rewards</h1> The Benefits of Blockchain Loyalty Rewards to the Consumer Loyalty programs have proliferated across multiple sectors. The average U.S. household participates in 9 different loyalty programs, according to the Forrester*. The result is a confusing array of point systems and redemption options, lack of insight into value, and the systems themselves often unnavigable for exchanging rewards among program partners or sharing with friends or loved ones. The Loyalty Rewards Market is valued at $400bn globally and $48bn is the US alone (Forbes, 2018)** and is are ripe for some kind of disruptive innovation that would make them easier to use and accessible to smaller businesses to participate in schemes on their own terms, with little overhead, as well as for consumers to have more choice and control at the point of redemption. Blockchain and LIFEtoken is our answer. The decentralised nature of Blockchain enables a ledger of transactions to be shared across a network of participants. When a new digital transaction occurs (for example, a LIFEtoken is redeemed, or exchanged), a unique record of the token transaction is recorded on the blockchain. For consumers juggling an array of loyalty programs, with multiple physical cards, Blockchain is a compelling argument for amalgamating a multitude of rewards in a digital ecosystem that can support consumers of the future. With LIFElabs digital ecosystem and wallet for loyalty rewards, consumers could benefit from centralised and transparent rewards with an ethical foundation. *http://www.oracle.com/us/solutions/consumers-loyalty-programs-3738548.pdf **https://www.forbes.com/sites/marymeehan/2018/03/27/dont-mistake-habit-for-loyalty-5-trends-driving-loyalty-programs-that-create-customers-for-life/#388cef98256b  <h1>The Benefits of Blockchain Loyalty Rewards to Businesses</h1> Adopting LIFEtoken rewards enables companies to compete for customer retention with less developmental overhead to their existing methods. Joining the digital currency revolution further widens redemption avenues outside of the primary entry point, increasing consumer choice in how to spend rewards; with the combined ethical base of LIFE’s philanthropic vision, this makes for a strong brand advocacy experience. The Blockchain and digital currency landscape would further enable businesses to break away from traditional loyalty programs and the tunnel vision model of redemption. Consumers have heightened awareness of the digital landscape, their value as data points, and the competitive landscape of loyalty rewards. Adopting LIFEtoken for rewards enables SME’s and SMB’s to participate with very little overhead. The LIFE for rewards SDK and API will promote seamless integrations (plug and play) across e-commerce plugins; for example- Magento, WooCommerce, and Shopify, allowing partner businesses to be on-trend and LIFE rewards to scale in its reach. Furthermore, adopters will have access to a dashboard displaying key metrics on their allocation of LIFEtoken, projections for supply, and customer behaviour.   <h1>Merchant Gateway</h1> An Innovative Platform for Consumer Businesses Naturally, the follow-on from loyalty rewards is the transaction gateway. How does this differ from a standard wallet transfer? LIFE merchant app is scheduled for release at the end of 2018 and will provide a secure payment gateway for small businesses to accept LIFEtoken as payment. Merchants and customers will benefit from offline transactions to a fixed amount per day. These transactions will take place off the mainnet (accessing the Blockchain), which will materially speed up the transaction times to buy small items at point of sale (POS). LIFElabs proposes to ring-fence a daily float of 5bn LIFEtoken to underpin this facility with a reserve. The amount can be increased on a demand basis. By providing this facility, which will reconcile overnight initially (or timed periods relative to global time zones), it will enable LIFE to provide a transactional alternative to fiat currencies and bypass the sometimes challenging speeds of transacting on the Blockchain. This will be available anywhere in the world, subject to our Know Your Customer (KYC) and Anti-Money Laundering regulations (AML) policy on a territory-by-territory basis. The merchant gateway will build upon the existing wallet infrastructure, and a third of all net transaction fees will be used to top up the ring-fenced philanthropic supply. By adopting LIFEtoken as a payment method, businesses and consumers will be actively engaging in a philanthropic revolution using Blockchain technology. By adopting LIFEtoken, partners become part of a wider network, enhancing brand awareness for transacting in digital currencies and further facilitating revenue stream opportunities. Features: Secure and scalable transactional gateway Back-office system for supporting merchants Merchant app Merchant dashboard Transaction notifications  <h1>LIFEcard</h1> Digital Currency Transactions for Everyday Use LIFEcard is a user-friendly, prepaid debit card, with no hidden fees. Enabling card payments for goods and services using LIFE and other currencies (including Ethereum and Bitcoin), LIFEcard bridges all elements of the LIFE ecosystem for use in everyday life. The card will incorporate a range of technologies to make it as simple as possible to use. By using the card, users will be maintaining the ring-fenced supply for good causes, as fractions of transactions will top-up the ring-fenced supply. The use of card payments continued to grow strongly in 2016, with the number of transactions increasing by 10% to a record total of more than 19bn. With regards to contactless payments, the total spending in 2016 was more than twice that of the previous eight years combined.  <h1>The Philanthropic Sector</h1> Rapid View of Key Facts There are 4000 International NGOs registered with the UN and providing humanitarian and medical services Approximately 1.41 million non-profits were registered with the Internal Revenue Service (in the US alone) The non-profit sector contributed an estimated $905.9 billion to the US economy in 2013, composing 5.4 percent of the country’s gross domestic product (GDP) In 2014, total private giving from individuals, foundations, and businesses totalled $358.38 billion A staggering 292 charities, with a combined income of £2.4bn in their latest reported accounts on the Charity Commission’s website, spent 10% or less on their charitable activities 1,020 charities, with a combined income of £6bn in their latest reported accounts on the Charity Commission’s website, spent 50% or less on their charitable activities Sources UK - http://www.trueandfairfoundation.com/content/file/feature/review-hornets-nest-report-into-charitable-spending-UK-charities-12-dec-15.pdf US - https://www.urban.org/sites/default/files/publication/72536/2000497-The-Nonprofit-Sector-in-Brief-2015-Public-Charities-Giving-and-Volunteering.pdf <h1>What is LIFElabs to the Sector ?</h1> LIFElabs will develop with a broad role in the sector. The Guardian categorises three types of ‘player’ in this sector: Innovation partner; for example, with our crowdsourcing platform LIFElabs reduces the barriers for non-profits to utilise blockchain technology Strategic advisor; in applying the technology through its consultancy services LIFElabs can advise on best practice and identify savings and synergies for non-profits. Vendor with a mission; By offering LIFEtoken as a viable alternative to volatile local fiat currencies or as a transparent reward system via the LIFEPaaS (platform as a service). <h1>Sources:</h1> https://www.theguardian.com/sustainable-business/ngo-business-nonprofit-partnerships-gsk-nespresso-wwf-coke <h1>Blockchain & Philanthropy</h1> The Consumer Journey of Intent The current state of philanthropy and Blockchain is in its infancy. While some charities have accepted Bitcoin for donations, for some time (RNLI press release 2014) the sector itself has tentatively embraced Blockchain with trust, trepidation, and reputation being significant factors on the rate of adoption. The landscape of ICO startups presents a veneer of questionable intent and shrouds true entities with breakthrough potential. The story is still one of promise, with significant prospective change in key areas for non-profits.  Social organisations need to take action to bolster trust. Trust is one of the most precious commodities for non-profits and charities (CAF, 2015).Many non-profits benefit from unquestionable trust from consumers, but there is evidence that this trend is changing. “Research published by the Charities Aid Foundation in September 2015 suggested that public trust in charities had fallen significantly in the past year. When asked in 2014 whether most charities are trustworthy and act in the public interest 71% of over 1,100 people agreed , a figure broadly in line with previous years . In 2015, this had fallen to just 57%”* Maintaining trust is an expensive endeavour, tied to both marketing spend and maintaining high levels of awareness. Like many businesses, non-profits vie for consumer retention. Blockchain, due to its inherent qualities of transparency and immutability, presents a new toolset to enforce trust for consumers. LIFElabs aims to bridge this gap by becoming an intrinsic part of the Blockchain and philanthropic landscape, by lowering the barriers to access the technology for non-profits and linking philanthropy to the consumer in a trusted and transparent platform, with everyday utility for the consumer. At the same time, consumers can be sure their adoption will ensure our philanthropic partners have ongoing donations, marketing, visibility, and support, but also crucially, a technology gateway to Blockchain services. Philanthropy is no stranger to Blockchain; there are a number of companies vying for attention in a marketplace worth an estimated $3 trillion dollars globally (the exact figure is not known). Alice.si and Disburse are just two validated ventures that are looking at smart contracts as ways to revolutionise the way non-profits work. Other players include the Bitgive.org foundation which offers a crowdfunded platform. All of these ventures have credible arguments and foundations but they lack a holistic vision of the greater challenge: non- profits not only gaining and enforcing trust in a rapidly evolving consumer environment, but also ensuring the retention rate of consumer adoption and participation rate through integration into daily life remains high. *Garton, J. (2018) “What is leading to a decline in trust in charities?”, OpenLearn, http://www.open.edu/openlearn/money-business/business-strategy-studies/what-leading-decline-trust-charities <h1>Blockchain, LIFEtoken, and the Frontline of Philanthropy</h1> Many organisations work in areas and with populations that are subjected to high levels of insecurity and corruption, which are heightened by traditional monetary systems. Digital currencies offer an opportunity to offset this trend by presenting an alternative that can be tracked, or only redeemed, in a more secure manner in predefined merchant gateways, tied to the aim of a particular cause or localised event. The direct nature of transactions makes third parties obsolete, further reducing the risk of negative influence. LIFEtoken has the potential to have a demonstrable impact in this area by gaining adoption from inherited trust from its relationship with non-profits. Also, in return, adoption at the grass-roots level reinforces the LIFElabs giving model with fractions of transactions topping up the ring-fenced supply. Adopters for merchant services or loyalty rewards in developing countries will benefit further from an alternative payment mechanism that is easily utilised by transient worker populations, many of whom are vulnerable to exploitation through a lack of access to banking or secure financial services. The International Labour Organisation (ILO) estimates that there are 150m transient works worldwide. The UN’s 2017 report states: “When supported by appropriate policies, migration can contribute to inclusive and sustainable economic growth and development in both home and host communities. In 2016, migrants from developing countries sent home an estimated US $413 billion in remittances. Remittances constitute a significant source of household income that improves the livelihoods of families and communities through investments in education, health, sanitation, housing and infrastructure.”* The secure and accessible nature of LIFEtoken, powered by the Ethereum Blockchain on global digital exchanges, has a durable level of utility for international remittance, bolstered by the philanthropic message at the core of LIFElabs’ purpose. Increasingly, the exposure of Bitcoins and altcoins (any other digital currency, like Bitcoin Cash, Stellar Lumens, or LiteCoin) adds an inherent risk of volatility, with speculation from external sources a significant factor. LIFEtoken offers a grass-roots alternative to secure and non-volatile storage that can be economically passed from CtoC or BtoC through the Blockchain. *http://www.un.org/en/development/desa/population/migrathttp://www.un.org/en/development/desa/population/migration/publications/migrationreport/docs/MigrationReport2017_Highlights.pdfion/publications/migrationreport/docs/MigrationReport2017_Highlights.pdf <h1>Smart Contracts</h1> Smart contracts lay at the heart of utility of the decentralised computing phenomenon. The Etheruem Blockchain has been labelled ‘a global computer’. Smart contracts govern actions and the utility can be applied to a wide range of scenarios. Smart contracts are defined by Wikipedia (2018) as: “A computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.[1] Smart contracts were first proposed by Nick Szabo, who coined the term, in 1994.[2] Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting. Various cryptocurrencies have implemented types of smart contracts.” In 2018, a US Senate report said: "While smart contracts might sound new, the concept is rooted in basic contract law. Usually, the judicial system adjudicates contractual disputes and enforces terms, but it is also common to have another arbitration method, especially for international transactions. With smart contracts, a program enforces the contract built into the code." Smart contracts will be at the heart of some PaaS product features, so it is imperative that the reader has an understanding of them. In the diagram below we portray a project funded scenario, where funding is automatically released by smart contract, based on a projects progress:  <h1>PaaS for Philanthropy</h1> Product wheel The LIFEPaaS will be well-placed to bridge the gap between the consumers’ need for trust, the barrier to access the Blockchain of non-profits, and the endpoint in some cases on the front line for non-profits. In this respect the LIFE platform is a holistic vision in the theatre of consumer awareness and trust in a digital economy, the role of non-profits, and the role of technology and the actions of non-profits in developing economies. The role of Blockchain is not a cure-all or panacea, but rather should be seen a positive symptom of an increasingly dysfunctional dynamic between isolated communities and the divergent role of charitable corporations. As LIFElabs engages non-profits across the world, trust in LIFEtoken and PaaS will grow, which will in turn foster further adoption of the platform by non-profits and the role of LIFEPaaS as a third party, trusted by consumers to enforce trust with non-profit partners. This adoption and trust will inevitably filter into the wider adoption of LIFEtoken in certain theatres, where the host population fiat* currency is subject to devaluation, boom and bust cycles, rampant inflation, and negative FX movements, all of which undermine food security and basic necessities, which inhibits development by limiting horizons of stability in many developing countries. *Fiat money definition: Fiat money is legal tender, or currency (bank notes and coins), which has value only because a government says so, and because the people using it maintain faith in it having value.  <h1>Crowdsourced funding</h1> Smart contracts can automate the disbursement of funds and can be used to track goods as they make their way around the world. This level of transparency has eluded social organisations and donors alike. Imagine a world where your charitable donations always made a difference. A world where a charity could be run with minimal overhead. This charity would allow you to see what path your donation took; from the moment it was given to the moment it was spent, by feet on the ground making a difference. A better charity is possible with Blockchain technology and Ethereum. Using these technologies, we can build a decentralised, autonomous, charitable platform that can accept donations in digital currency, hold onto funds and deploy them globally, while maintaining complete transparency of individual donations.  <h1>LIFEvault</h1> Proof of Identity Individuals anywhere in the word could securely store and verify their identities and share those identities, however they choose, from our LIFEvault. This way, data can be held securely and disclosed to the minimum required to fulfil an obligation. How would this work? Individuals can validate certain pieces of information without sharing the information itself in a process known as ‘zero-knowledge proof’. This service could also be used by Individuals who may want to safe guard personal data if they reside in an area where the is a risk of personal identify theft or the loss of personal documents and data.  “In cryptography, a zero-knowledge proof or zero-knowledge protocol is a method by which one party (the prover Peggy) can prove to another party (the verifier Victor) that she knows a value x, without conveying any information apart from the fact that she knows the value x. Another way of understanding this would be: Interactive zero-knowledge proofs require interaction between the individual (or computer system) proving their knowledge and the individual validating the proof.”* <h1>Ethical Behaviour</h1> One of the uses of zero-knowledge proofs within cryptographic protocols is to enforce honest behaviour while maintaining privacy. Roughly, the idea is to force a user to prove, using a zero-knowledge proof, that their behaviour is correct according to the protocol. Because of soundness we know that the user must really act honestly in order to provide a valid proof. Because of zero-knowledge, we know that the user does not compromise the privacy of its secrets in the process of providing the proof. *https://en.wikipedia.org/wiki/Zero-knowledge_proof <h1>Closing Statement</h1> A Word from Our CEO The philanthropic sector will continue to evolve at breakneck speeds as will Blockchain technology. Consumer awareness of breaches of trust will continue to dominate the headlines when they occur. Breaches of trust have become tangible digital assets, stored and shared across the world by an ever increasingly aware consumer society. Marketing, brand awareness, and the ability of social organisations to tell their unique stories with confidence and garner participation lie at the core of maintaining funding for the thousands of valuable good causes worldwide. “It is every man’s obligation to put back into the world at least the equivalent of what he takes out of it.”- Albert Einstein By adopting LIFEtoken or LIFEPaaS, anyone can be sure that they are giving back sustainably and equably for generations to come, with transparency for all. Kind regards, Luke Chittock CEO  |
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| Transaction Info | Block #24580982/Trx 751c9e3d19d6a4424b4dba7aee013fa9db660a25 |
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"title": "LIFElabs and Blockchain within the Philanthropic Sector",
"body": "\n\n<h1>LIFElabs White Paper</h1>\n*This Whitepaper information has been copied directly from the official source and formatted for Medium. Publication of this work does not imply ownership or official affiliation with LIFElabs (R) or any of its subsidiaries or affiliates.\n\n<h1>LIFElabs:</h1>\na decentralised array of Blockchain services, bridging traditional payments and loyalty rewards with social organisations in the philanthropic sector, underpinned by a long-term strategic, digital currency with ethical foundations, accessible to all.\n\nWP V2.0 1 \nConfidential Copyright © LIFElabs.io ™ 2018\n\nDisclaimer:\nLIFElabs reserves the right to alter the content of this paper at any time, therefore the content and subject matter is tentative. A current view of the company’s development road map can be found at LIFElabs.io . The content of this white paper is high level and strategic, reflecting the overall focus of the company and its vision. \n\nThe content herein is not a prospectus, soliciting investment of any kind and should not be interpreted as accounting or the representation of a financial instrument. Any references to digital currency should be construed as a reflection of the utility of Blockchain and ERC-20 tokens in the respect of transactions. This white paper is written to inform interested parties of a forthcoming platform as a service (PaaS) or software based ecosystem, which is equable to a suite of products which interlink to achieve a common goal.\n\n<h1>Introduction</h1>\n\nA Note of Thanks from the CEO, Luke Chittock.\n\nLoosely explained (and it will be better defined in the following pages) Blockchain is a revolution in decentralised internet technology. \nI have always viewed it as a good disruptor in the challenge of the world and its many communities pursuing sustainable globalisation. Blockchain has been widely adopted by many companies, the Ethereum Enterprise Alliance is proof enough of this but mainstream adoption is still yet to come.\n\nBlockchain has emerged from the shadows of the Internet, lending caution to some, but this revolution in data management has arrived to enlighten us all in data transparency and security. Every advancement in technology brings opportunities to the brave: our early philanthropic partners and loyalty reward customers have embraced the revolution of Blockchain with LIFELabs, allowing us to paint the future of our ethical platform and products. To all of you, the team and community of LIFE owe you their thanks.\n\n\n\n<h1>Abstract</h1>\n\nThe utility of Blockchain makes a compelling opportunity for an inclusive society, redefining economic prosperity, unlocking uncertainty, and jumpstarting regenerative cycles in the digital age.\n\nHere at LIFElabs we are embracing the paradigm shift that Blockchain represents and have created LIFEtoken (a digital currency) on the Ethereum Blockchain. Moving away from traditional depleting economic and social organisation models, we will encourage a more positive dynamic for individuals, communities, their local economies and the environment and the social organisations that strive to make a difference across the globe.\n\nLIFElabs is building an ecosystem for digital currencies to be accessible to all but also a \nmultifaceted platform for social organisations to adopt Blockchain technology to support their own projects.\n\nThe technology of Blockchain is challenging for some to conceptualise and thought provoking in its reach across multiple sectors.\n\nDefined by trust and transparency in an age of digital transactions, Blockchain has made it unnecessary for a centralised authority to verify and clear transactions but has also made it possible to track money transfers, reducing uncertainty on leverage or the tracking of goods in traditional supply chains. Blockchain embodies globalisation in our times, a far-reaching technology available to all; the seen and unseen across the world.\n\nLIFElabs is a world-first in the emerging Blockchain sector. We have ring-fenced 30 billion tokens of our supply (almost one third of the total supply) for good causes. We are also underpinning the utility of this philanthropic-focused digital currency supply with a platform of Blockchain services that will enable adopters, ranging from individuals to businesses, to benefit from the Blockchain revolution.\n\nThe barriers to many social organisations adopting a new technology, or new technologies, are high, and Blockchain is no different in this respect.\n\nThat is why at LIFElabs we are going to create a PaaS (Platform as a Service) for social organisations to adopt, at no cost, to fulfil their own needs; whether to drive forward-thinking innovation, restore trust, or operate transparently in supply- or project- funded scenarios.\n\nBy adopting LIFEtoken (or LIFELabs services) any individual or organisation can make a difference by virtue of adopting LIFEtoken for rewards, transactions, or as a store of digital wealth: anyone can join our ethical revolution.\n\n<h1>About Blockchain</h1>\n\nWhat is blockchain and how does it work?\n\nThe simplest description of Blockchain is that it is a public ledger, decentralised and distributed globally. The ledger is not owned by any one individual, but rather it is best described as having curators who maintain the ledger by performing the complex mathematical computations that ensure its security, related to cryptography.\n\nThis contribution rewards the curators differently depending on which Blockchain is being used. The Ethereum blockchain upon which LIFEtoken is built, classifies digital currencies such as LIFE as ERC20 tokens. Transacting tokens requires fractional amounts of Ethereum used as ‘gas’ to fuel the transaction. The Ethereum Blockchain allows programmers to create better solutions (using smart contracts for example) for today’s digital technology revolution. LIFElabs will use this technology to focus upon loyalty reward program problems.\n\nIn the context loyalty rewards Blockchain technology creates transaction records shared across a network of computers. Every transaction creates a new block of information for every token transacted. These blocks of information are chained to previous blocks, which are then shared across a network of nodes on the blockchain. This concept coined the term ‘Blockchain’. Loyalty reward points based on blockchain are easy to track, trace and have a transparent value and even higher levels of utility for the consumer.\n\n\n\n\n\n<h1>Core Concepts</h1>\n\nThe technology that underpins the LIFE ecosystem.\n\nEach party on a Blockchain has access to the entire database and its complete history. No single party controls the data or the information. Every party can verify the records of its transaction partners directly, without an intermediary.\n\nDistributed Database:\nCommunication occurs directly between peers instead of through a central node. Each node stores and forwards information to all other nodes.\n\nPeer-to-Peer Transmission:\nEvery transaction and its associated value are visible to anyone with access to the ledger. Each user can generate an infinite number of addresses. Users can choose to remain anonymous or provide proof of their identity to others. \nTransactions occur between Blockchain addresses.\n\nTransparency with Security: \nOnce a transaction is entered into the Blockchain and the blocks are updated, the records cannot be altered because they’re linked to every transaction record that came before them (hence the term “chain”).\n\nIrreversibility of Records: \nThe digital nature of the ledger means that Blockchain transactions can be tied to computational logic and, in essence, programmed; so users can set up algorithms and rules that automatically trigger transactions between nodes.\n\nComputational Logic (Smart Contracts):\nThe digital nature of the ledger means that Blockchain transactions can be tied to computational logic and, in essence, programmed; so users can set up algorithms and rules that automatically trigger transactions between nodes.\n\n\n\n\n\n\n\n<h1>LIFE Platform as a Service</h1>\n\n\n\n<h1>The Ecosystem Explained</h1>\nAt its core, LIFE embraces digital transactions by providing a wallet to hold digital currencies, a loyalty reward provision with e- \ncommerce plug ins, and the ability to exchange digital currencies. These services are all powered by the Ethereum Blockchain, a trusted and heavily-adopted Blockchain – known to some as a ‘global computer’.\n\nThe secondary objective of LIFElabs is to build a platform as a service (PaaS) for the philanthropic sector to access the utility of Blockchain to further their respective causes. Services in this platform include tracking and pooling – the ability of social organisations to enforce trust with donors and deliver their message to an ethically-minded audience in a trusted platform.\n\nThis architecture supports product development. Our product wheel (on the next page) reflects the various stages of product development. Product development is ordered in strategic importance to growth – initially, the first element is the LIFEwallet.\n\nWhy is this important? LIFEwallet allows you to store, access and transfer digital currencies. Featured here in the centre, our wallet is designed to be accessible to all, with the perfect balance of usability and security for users.\n\n\n\n<h1>LIFElabs Product Wheel</h1>\n\nThe Ecosystem Explained\n\nThe LIFE product wheel: phased development approach. The following pages will discuss each product and its relative market and features in more detail. Each section forms part of the wider platform, and no one section is independent of another in its entirety.\n\n\n\n<h1>LIFEtoken and Supply</h1>\n\nThe Lifelabs Ecosystem\n\nThe total supply of LIFEtoken is 100bn. The circulating supply reflects how much liquidity there is in the market; this is important to consider from the aspects of volatility and accessibility on digital currency exchanges worldwide. For some, LIFEtoken will become a store of value other than the focus of utility. \n\nOver time, the circulating supply will vary marginally and organically due to the natural demand and supply dynamics, and the LIFElabs team will act as deficit central bankers, replenishing the ring-fenced supply from adopter transactions, maintaining supply to adopter wallets and liquidity for exchanges, and nominated brokers as fiat ‘ramps’ into digital currencies.\n\n\n\n<h1>Lifelabs.io Roadmap</h1>\n\n\n\n<h1>LIFEtoken</h1>\nPaaS for transactional ecosystem\n\nDigital currencies have a vital part to play in transactional ecosystems online and in traditional walks of life. Blockchain allows B2C or peer to peer cross border remittance possible in seconds. \n\nThe role can revolutionise the transfer of wealth by negating the need to use a third party. Our aim is to accelerate adoption of LIFEtoken with a first phase of product development, which will foster adoption by SMEs, SMBs, non-profits and individuals and provide a friction-less entry into the world digital currencies.\n\n\n\n<h1>LIFEapp</h1>\n\nHierarchical Deterministic Wallet\n\nLIFEwallet is a Hierarchical Deterministic wallet (HD wallet). This means that unique wallet addresses can be generated to be used for each transaction, which protects the wallet holder’s wallet identity and therefore shields others from viewing their digital wealth.\n\nWe have also implemented a seamless sign-up process that maintains all of the best security protocols to protect our user base and also takes the friction and complexity out for newcomers to Blockchain and digital currencies. Our mission is to demystify cryptocurrency and make it accessible to all.\n\nLIFEwallet on iOS supports ETH (Ethereum), LIFEtoken (and ERC20 compliant tokens), and Bitcoin. Other digital currencies will be added in due course.\n\nThe technical side of wallets is complex and security is of paramount importance. Our design has further features to help the user maintain their integrity, protect their LIFEtoken, Bitcoin, and altcoins, or any other digital currency.\n\nIf you would like more information regarding the code base of our wallet or more technical information, please see our forthcoming technical white paper, due to be released in late 2018.\n\n\n\n<h1>LIFEwallet Features</h1>\n\nBelow are just a few features that will be included in our first release of the LIFEapp with plans to integrate more features in later releases.\n\n\n\n<h1>LIFE wallet Generation, Wallet Security, Backup, and Recovery</h1>\n\nThe following figure shows how the HD multi-currency wallet in the LIFEapp is generated, secured, and how the wallet can be backed up and restored using the LIFEapp.\n\n\n\nWallet generation (from the LIFEapp): The wallet in LIFEapp is generated as follows:\n\nStep 1: The app generates some random bits.\n\nStep 2: The random bits are converted into 12 mnemonic words and are given to the user (these words need to be written down and kept safe).\n\nStep 3 (optional): The user then chooses an optional mnemonic password. This optional password, not to be written down, can protect the 12 mnemonic words in case they are lost or stolen. If the password is used, the person who only has access to the 12 mnemonic words will be unable to generate the wallet keys.\n\nStep 4: The wallet seed is then generated using the mnemonic words together with the password if one is provided by the user (the wallet seed stays in memory only).\n\nSteps 1 to 4 are done using standard BIP39 libraries [1]. Since LIFEapp is using a Hierarchical Deterministic wallet (HD wallet), the wallet seed contains all the information to derive all the public and private keys in the entire wallet.\n\nWallet Security: LIFEapp protects the wallet in two ways. First, it protects the wallet seed on the storage medium of the device so that the wallet seed and all the private keys derived from it cannot be read by someone who has access to the storage medium. Second, LIFEapp protects the wallet actions so that an unauthorised person who has access to the device cannot transfer the funds.These two security goals are achieved using the wallet password provided by the LIFE user.\n\nStep 5 (optional): The LIFE user provides a wallet password (optional) but is advised to provide a strong password for this.\n\nStep 6: LIFEapp uses a password-based Key Derivation Function (PBKDF), such as scrypt, to derive a AES-256 key.\n\nStep 7: The AES-256 key is used to encrypt the wallet seed.\n\nStep 8: The encrypted wallet seed is stored on the storage device. The LIFEapp uses BIP32 [2] and BIP44 [3] to derive keys in the HD multi-currency wallet.\n\nFor security, we consider the following scenarios:\n\n• An attacker gets hold of the 12 mnemonic words. If the LIFE user had used the mnemonic password, the attacker will not be able to generate the private and public keys to steal the funds. If the mnemonic password is not used, then the attacker will be able to access the funds in the wallet.\n\n• An attacker gets hold of the device which is powered down. If the attacker gained access to the storage medium and managed to break the secure storage feature of the operating system, then the attacker cannot read the wallet seed if the wallet password is used by the LIFE user. If the attacker tries to brute-force the password then PBKDF will make this process very slow so that the attacker can guess only a few rather than millions of passwords per second on a standard personal computer. This will allow the user to regenerate the wallet on a different device and transfer funds to a different wallet.\n\n• An attacker gets hold of the device which is locked. We assume that the LIFE user had used a strong PIN to lock the device and the attacker cannot unlock the device.\n\n• An attacker gained access to the LIFEapp on an unlocked device. The attacker will then be able to see the transaction history and balances, but will not be able to steal funds easily if the wallet password is used. If no wallet password is used then the attacker can steal all the funds.\n\n<h1>Backup and restore:</h1>\n\nwe consider the following scenarios where LIFE user wants to backup and restore the wallet:\n\n• In order to backup the wallet, the LIFE user needs to write down the 12 mnemonic words and store the document safely somewhere. If the mnemonic password is used, it must not be stored together with the mnemonic words: if so, the password gives no extra security.\n\n• LIFEapp strongly recommends that the user chooses a strong mnemonic password and stores it separately from the mnemonic words.\n\n• Using the 12 mnemonic words and the mnemonic password the entire wallet can be restored. Since the LIFEapp uses standard libraries for the wallet, the LIFE user can take these mnemonic words and password to generate the same wallet using other wallet apps that support HD multi-currency wallets. Similarly, the user can bring wallets created with other apps to LIFEapp.\n\n• The LIFE user can use multiple devices to access their wallets. They can recreate the wallet on one device using 12 mnemonic words and/or with a mnemonic password.\n\n<h1>Loyalty Rewards</h1>\n\nWhy Rewards for Disruption?\n*Loyalty points had a book value of around $350 billion globally in 2015 and will be worth an estimated $500 billion by 2019\n\n*53% of consumers expressed a desire for all rewards to be digital\n\n2/3 of consumers think it’s important for brands to take a stance on social issues\n\nFor 56% of consumers, knowing a brand is socially conscious influences their purchasing decisions\n\nLIFElabs charitable partners benefit from the consumer adoption of loyalty rewards from 30% of the net transactions on \nthe LIFE ecosystem top up the ring-fenced supply (30bn tokens), which redistributes a sustainable source of wealth to our big philanthropic partners\n\n*https://www.reuters.com/article/us-usa-exchange-loyalty-idUSKBN15F2SC\n\n**http://www.mintel.com/press-centre/social-and-lifestyle/56-of-americans-stop-buying-from-brands-they-believe-are-unethical\n\n<h1>Blockchain works</h1>\n\nso well for loyalty rewards because of its inherently transparent and secure nature. For consumers juggling an \narray of complicated loyalty programs, Blockchain provides a way to instantly redeem and exchange multiple loyalty point currencies on a single platform. With only one wallet for points, represented as digital currency, consumers will not be hampered by redemption rules.\n\n\n\n<h1>Loyalty Rewards</h1>\n\nThe Benefits of Blockchain Loyalty Rewards to the Consumer\n\nLoyalty programs have proliferated across multiple sectors. The average U.S. household participates in 9 different loyalty programs, according to the Forrester*.\n\nThe result is a confusing array of point systems and redemption options, lack of insight into value, and the systems themselves often unnavigable for exchanging rewards among program partners or sharing with friends or loved ones.\n\nThe Loyalty Rewards Market is valued at $400bn globally and $48bn is the US alone (Forbes, 2018)** and is are ripe for some kind of disruptive innovation that would make them easier to use and accessible to smaller businesses to participate in schemes on their own terms, with little overhead, as well as for consumers to have more choice and control at the point of redemption.\n\nBlockchain and LIFEtoken is our answer. The decentralised nature of Blockchain enables a ledger of transactions to be shared across a network of participants. When a new digital transaction occurs (for example, a LIFEtoken is redeemed, or exchanged), a unique record of the token transaction is recorded on the blockchain.\n\nFor consumers juggling an array of loyalty programs, with multiple physical cards, Blockchain is a compelling argument for amalgamating a multitude of rewards in a digital ecosystem that can support consumers of the future.\n\nWith LIFElabs digital ecosystem and wallet for loyalty rewards, consumers could benefit from centralised and transparent rewards with an ethical foundation.\n\n*http://www.oracle.com/us/solutions/consumers-loyalty-programs-3738548.pdf \n\n**https://www.forbes.com/sites/marymeehan/2018/03/27/dont-mistake-habit-for-loyalty-5-trends-driving-loyalty-programs-that-create-customers-for-life/#388cef98256b\n\n\n\n<h1>The Benefits of Blockchain Loyalty Rewards to Businesses</h1>\n\nAdopting LIFEtoken rewards enables companies to compete for customer retention with less developmental overhead to their existing methods. Joining the digital currency revolution further widens redemption avenues outside of the primary entry point, increasing consumer choice in how to spend rewards; with the combined ethical base of LIFE’s philanthropic vision, this makes for a strong brand advocacy experience.\n\nThe Blockchain and digital currency landscape would further enable businesses to break away from traditional loyalty programs and the tunnel vision model of redemption. Consumers have heightened awareness of the digital landscape, their value as data points, and the competitive landscape of loyalty rewards.\n\nAdopting LIFEtoken for rewards enables SME’s and SMB’s to participate with very little overhead. The LIFE for rewards SDK and API will promote seamless integrations (plug and play) across e-commerce plugins; for example- Magento, WooCommerce, and Shopify, allowing partner businesses to be on-trend and LIFE rewards to scale in its reach.\nFurthermore, adopters will have access to a dashboard displaying key metrics on their allocation of LIFEtoken, projections for supply, and customer behaviour.\n\n\n\n\n\n<h1>Merchant Gateway</h1>\n\nAn Innovative Platform for Consumer Businesses\n\nNaturally, the follow-on from loyalty rewards is the transaction gateway.\n\nHow does this differ from a standard wallet transfer?\n\nLIFE merchant app is scheduled for release at the end of 2018 and will provide a secure payment gateway for small businesses to accept LIFEtoken as payment.\n\nMerchants and customers will benefit from offline transactions to a fixed amount per day. These transactions will take place off the mainnet (accessing the Blockchain), which will materially speed up the transaction times to buy small items at point of sale (POS).\n\nLIFElabs proposes to ring-fence a daily float of 5bn LIFEtoken to underpin this facility with a reserve.\n\nThe amount can be increased on a demand basis. \n\nBy providing this facility, which will reconcile overnight initially (or timed periods relative to global time zones), it will enable LIFE to provide a transactional alternative to fiat currencies and bypass the sometimes challenging speeds of transacting on the Blockchain.\n\nThis will be available anywhere in the world, subject to our Know Your Customer (KYC) and Anti-Money Laundering regulations (AML) policy on a territory-by-territory basis.\n\nThe merchant gateway will build upon the existing wallet infrastructure, and a third of all net transaction fees will be used to top up the ring-fenced philanthropic supply.\n\nBy adopting LIFEtoken as a payment method, businesses and consumers will be actively engaging in a philanthropic revolution using Blockchain technology.\n\nBy adopting LIFEtoken, partners become part of a wider network, enhancing brand awareness for transacting in digital currencies and further facilitating revenue stream opportunities.\n\nFeatures:\n\nSecure and scalable transactional gateway\nBack-office system for supporting merchants\nMerchant app\nMerchant dashboard\nTransaction notifications\n\n\n\n<h1>LIFEcard</h1>\n\nDigital Currency Transactions for Everyday Use\n\nLIFEcard is a user-friendly, prepaid debit card, with no hidden fees. Enabling card payments for goods and services using LIFE and other currencies (including Ethereum and Bitcoin), LIFEcard bridges all elements of the LIFE ecosystem for use in everyday life.\n\nThe card will incorporate a range of technologies to make it as simple as possible to use. By using the card, users will be maintaining the ring-fenced supply for good causes, as fractions of transactions will top-up the ring-fenced supply.\n\nThe use of card payments continued to grow strongly in 2016, with the number of transactions increasing by 10% to a record total of more than 19bn. With regards to contactless payments, the total spending in 2016 was more than twice that of the previous eight years combined.\n\n\n\n<h1>The Philanthropic Sector</h1>\n\nRapid View of Key Facts\n\nThere are 4000 International NGOs registered with the UN and providing humanitarian and medical services\n\nApproximately 1.41 million non-profits were registered with the Internal Revenue Service (in the US alone)\n\nThe non-profit sector contributed an estimated $905.9 billion to the US economy in 2013, composing 5.4 percent of the country’s gross domestic product (GDP)\n\nIn 2014, total private giving from individuals, foundations, and businesses totalled $358.38 billion\n\nA staggering 292 charities, with a combined income of £2.4bn in their latest reported accounts on the Charity Commission’s website, spent 10% or less on their charitable activities\n\n1,020 charities, with a combined income of £6bn in their latest reported accounts on the Charity Commission’s website, spent 50% or less on their charitable activities\n\nSources\nUK - http://www.trueandfairfoundation.com/content/file/feature/review-hornets-nest-report-into-charitable-spending-UK-charities-12-dec-15.pdf\n\nUS - https://www.urban.org/sites/default/files/publication/72536/2000497-The-Nonprofit-Sector-in-Brief-2015-Public-Charities-Giving-and-Volunteering.pdf\n\n<h1>What is LIFElabs to the Sector ?</h1>\n\nLIFElabs will develop with a broad role in the sector. The Guardian categorises three types of ‘player’ in this sector:\n\nInnovation partner; for example, with our crowdsourcing platform LIFElabs reduces the barriers for non-profits to utilise blockchain technology\n\nStrategic advisor; in applying the technology through its consultancy services LIFElabs can advise on best practice and identify savings and synergies for non-profits.\n\nVendor with a mission; By offering LIFEtoken as a viable alternative to volatile local fiat currencies or as a transparent reward system via the LIFEPaaS (platform as a service).\n\n<h1>Sources:</h1>\n\nhttps://www.theguardian.com/sustainable-business/ngo-business-nonprofit-partnerships-gsk-nespresso-wwf-coke\n\n<h1>Blockchain & Philanthropy</h1>\nThe Consumer Journey of Intent\n\nThe current state of philanthropy and Blockchain is in its infancy. While some charities have accepted Bitcoin for donations, for some time (RNLI press release 2014) the sector itself has tentatively embraced Blockchain with trust, trepidation, and reputation being significant factors on the rate of adoption.\n\nThe landscape of ICO startups presents a veneer of questionable intent and shrouds true entities with breakthrough potential. The story is still one of promise, with significant prospective change in key areas for non-profits.\n\n\n\nSocial organisations need to take action to bolster trust. Trust is one of the most precious commodities for non-profits and charities (CAF, 2015).Many non-profits benefit from unquestionable trust from consumers, but there is evidence that this trend is changing.\n\n“Research published by the Charities Aid Foundation in September 2015 suggested that public trust in charities had fallen significantly in the past year. When asked in 2014 whether most charities are trustworthy and act in the public interest 71% of over 1,100 people agreed , a figure broadly in line with previous years . In 2015, this had fallen to just 57%”*\n\nMaintaining trust is an expensive endeavour, tied to both marketing spend and maintaining high levels of awareness. Like many businesses, non-profits vie for consumer retention. Blockchain, due to its inherent qualities of transparency and immutability, presents a new toolset to enforce trust for consumers.\n\nLIFElabs aims to bridge this gap by becoming an intrinsic part of the Blockchain and philanthropic landscape, by lowering the barriers to access the technology for non-profits and linking philanthropy to the consumer in a trusted and transparent platform, with everyday utility for the consumer.\n\nAt the same time, consumers can be sure their adoption will ensure our philanthropic partners have ongoing donations, marketing, visibility, and support, but also crucially, a technology gateway to Blockchain services.\n\nPhilanthropy is no stranger to Blockchain; there are a number of companies vying for attention in a marketplace worth an estimated $3 trillion dollars globally (the exact figure is not known).\n\nAlice.si and Disburse are just two validated ventures that are looking at smart contracts as ways to revolutionise the way non-profits work. Other players include the Bitgive.org foundation which offers a crowdfunded platform.\n\nAll of these ventures have credible arguments and foundations but they lack a holistic vision of the greater challenge: non- profits not only gaining and enforcing trust in a rapidly evolving consumer environment, but also ensuring the retention rate of consumer adoption and participation rate through integration into daily life remains high.\n\n*Garton, J. (2018) “What is leading to a decline in trust in charities?”, \nOpenLearn, http://www.open.edu/openlearn/money-business/business-strategy-studies/what-leading-decline-trust-charities\n\n<h1>Blockchain, LIFEtoken, and the Frontline of Philanthropy</h1>\n\nMany organisations work in areas and with populations that are subjected to high levels of insecurity and corruption, which are heightened by traditional monetary systems.\n\nDigital currencies offer an opportunity to offset this trend by presenting an alternative that can be tracked, or only redeemed, in a more secure manner in predefined merchant gateways, tied to the aim of a particular cause or localised event.\n\nThe direct nature of transactions makes third parties obsolete, further reducing the risk of negative influence.\n\nLIFEtoken has the potential to have a demonstrable impact in this area by gaining adoption from inherited trust from its relationship with non-profits. Also, in return, adoption at the grass-roots level reinforces the LIFElabs giving model with fractions of transactions topping up the ring-fenced supply.\n\nAdopters for merchant services or loyalty rewards in developing countries will benefit further from an alternative payment mechanism that is easily utilised by transient worker populations, many of whom are vulnerable to exploitation through a lack of access to banking or secure financial services.\n\nThe International Labour Organisation (ILO) estimates that there are 150m transient works worldwide.\n\nThe UN’s 2017 report states: \n“When supported by appropriate policies, migration can contribute to inclusive and sustainable economic growth and development in both home and host communities. In 2016, migrants from developing countries sent home an estimated US $413 billion in remittances. Remittances constitute a significant source of household income that improves the livelihoods of families and communities through investments in education, health, sanitation, housing and infrastructure.”*\n\nThe secure and accessible nature of LIFEtoken, powered by the Ethereum Blockchain on global digital exchanges, has a durable level of utility for international remittance, bolstered by the philanthropic message at the core of LIFElabs’ purpose.\n\nIncreasingly, the exposure of Bitcoins and altcoins (any other digital currency, like Bitcoin Cash, Stellar Lumens, or LiteCoin) adds an inherent risk of volatility, with speculation from external sources a significant factor.\n\nLIFEtoken offers a grass-roots alternative to secure and non-volatile storage that can be economically passed from CtoC or BtoC through the Blockchain. \n\n\n*http://www.un.org/en/development/desa/population/migrathttp://www.un.org/en/development/desa/population/migration/publications/migrationreport/docs/MigrationReport2017_Highlights.pdfion/publications/migrationreport/docs/MigrationReport2017_Highlights.pdf\n\n<h1>Smart Contracts</h1>\n\nSmart contracts lay at the heart of utility of the decentralised computing phenomenon. The Etheruem Blockchain has been labelled ‘a global computer’. Smart contracts govern actions and the utility can be applied to a wide range of scenarios. Smart contracts are defined by Wikipedia (2018) as:\n\n“A computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.\nSmart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.[1] Smart contracts were first proposed by Nick Szabo, who coined the term, in 1994.[2] \nProponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting. Various cryptocurrencies have implemented types of smart contracts.”\n\nIn 2018, a US Senate report said: \"While smart contracts might sound new, the concept is rooted in basic contract law. \nUsually, the judicial system adjudicates contractual disputes and enforces terms, but it is also common to have another arbitration method, especially for international transactions. With smart contracts, a program enforces the contract built into the code.\"\n\nSmart contracts will be at the heart of some PaaS product features, so it is imperative that the reader has an understanding of them.\n\nIn the diagram below we portray a project funded scenario, where funding is automatically released by smart contract, based on a projects progress:\n\n\n\n<h1>PaaS for Philanthropy</h1>\n\nProduct wheel\n\nThe LIFEPaaS will be well-placed to bridge the gap between the consumers’ need for trust, the barrier to access the Blockchain of non-profits, and the endpoint in some cases on the front line for non-profits.\n\nIn this respect the LIFE platform is a holistic vision in the theatre of consumer awareness and trust in a digital economy, the role of non-profits, and the role of technology and the actions of non-profits in developing economies.\n\nThe role of Blockchain is not a cure-all or panacea, but rather should be seen a positive symptom of an increasingly dysfunctional dynamic between isolated communities and the divergent role of charitable corporations.\n\nAs LIFElabs engages non-profits across the world, trust in LIFEtoken and PaaS will grow, which will in turn foster further adoption of the platform by non-profits and the role of LIFEPaaS as a third party, trusted by consumers to enforce trust with non-profit partners.\n\nThis adoption and trust will inevitably filter into the wider adoption of LIFEtoken in certain theatres, where the host population fiat* currency is subject to devaluation, boom and bust cycles, rampant inflation, and negative FX movements, all of which undermine food security and basic necessities, which inhibits development by limiting horizons of stability in many developing countries.\n\n*Fiat money definition: Fiat money is legal tender, or currency (bank notes and coins), which has value only because a government says so, and because the people using it maintain faith in it having value.\n\n\n\n<h1>Crowdsourced funding</h1>\n\nSmart contracts can automate the disbursement of funds and can be used to track goods as they make their way around the world.\n\nThis level of transparency has eluded social organisations and donors alike.\n\nImagine a world where your charitable donations always made a difference. A world where a charity could be run with minimal overhead.\n\nThis charity would allow you to see what path your donation took; from the moment it was given to the moment it was spent, by feet on the ground making a difference.\n\nA better charity is possible with Blockchain technology and Ethereum.\n\nUsing these technologies, we can build a decentralised, autonomous, charitable platform that can accept donations in digital currency, hold onto funds and deploy them globally, while maintaining complete transparency of individual donations.\n\n\n\n<h1>LIFEvault</h1>\n\nProof of Identity\n\nIndividuals anywhere in the word could securely store and verify their identities and share those identities, however they choose, from our LIFEvault. This way, data can be held securely and disclosed to the minimum required to fulfil an obligation.\n\nHow would this work?\n\nIndividuals can validate certain pieces of information without sharing the information itself in a process known as ‘zero-knowledge proof’. This service could also be used by Individuals who may want to safe guard personal data if they reside in an area where the is a risk of personal identify theft or the loss of personal documents and data.\n\n\n\n“In cryptography, a zero-knowledge proof or zero-knowledge protocol is a method by which one party (the prover Peggy) can prove to another party (the verifier Victor) that she knows a value x, without conveying any information apart from the fact that she knows the value x. \n\nAnother way of understanding this would be: Interactive zero-knowledge proofs require interaction between the individual (or computer system) proving their knowledge and the individual validating the proof.”*\n\n<h1>Ethical Behaviour</h1>\n\nOne of the uses of zero-knowledge proofs within cryptographic protocols is to enforce honest behaviour while maintaining privacy. Roughly, the idea is to force a user to prove, using a zero-knowledge proof, that their behaviour is correct according to the protocol. Because of soundness we know that the user must really act honestly in order to provide a valid proof. Because of zero-knowledge, we know that the user does not compromise the privacy of its secrets in the process of providing the proof.\n\n*https://en.wikipedia.org/wiki/Zero-knowledge_proof\n\n<h1>Closing Statement</h1>\n\nA Word from Our CEO\n\nThe philanthropic sector will continue to evolve at breakneck speeds as will Blockchain technology. Consumer awareness of breaches of trust will continue to dominate the headlines when they occur. Breaches of trust have become tangible digital assets, stored and shared across the world by an ever increasingly aware consumer society. Marketing, brand awareness, and the ability of social organisations to tell their unique stories with confidence and garner participation lie at the core of maintaining funding for the thousands of valuable good causes worldwide.\n\n“It is every man’s obligation to put back into the world at least the equivalent of what he takes out of it.”- Albert Einstein\n\nBy adopting LIFEtoken or LIFEPaaS, anyone can be sure that they are giving back sustainably and equably for generations to come, with transparency for all.\n\nKind regards,\n\nLuke Chittock\n\nCEO\n\n",
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}cheetahreplied to @jason1 / cheetah-re-jason1the-case-for-life2018/07/28 20:03:30
cheetahreplied to @jason1 / cheetah-re-jason1the-case-for-life
2018/07/28 20:03:30
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| permlink | cheetah-re-jason1the-case-for-life |
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@cryptomikhail/the-case-for-life-3a7a30a5fb91 |
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"body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@cryptomikhail/the-case-for-life-3a7a30a5fb91",
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}cheetahupvoted (0.08%) @jason1 / the-case-for-life2018/07/28 20:03:27
cheetahupvoted (0.08%) @jason1 / the-case-for-life
2018/07/28 20:03:27
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}jason1published a new post: the-case-for-life2018/07/28 19:49:57
jason1published a new post: the-case-for-life
2018/07/28 19:49:57
| parent author | |
| parent permlink | bitcoin |
| author | jason1 |
| permlink | the-case-for-life |
| title | The case for LIFE |
| body | <h1>The case for LIFE;</h1> An intimate look into a grassroots crypto movement. Cryptocurrency. Blockchain technology. Token. Digital currency. Decentralization. These are all terms that are becoming more often used in society. <h1>Why is that?</h1> It all started in the early days of the internet. Some would argue that the core principals stem from economic experiments as early as the 70s, but the 100th monkey philosophy suggests that the idea had to go through several iterations before it had a stable consensus to form into a full fledged idea. The advent of the communicative ability of the newly created world wide web brought the idea independently suggested and discussed in forums online by tech geeks and economy buffs without much in the way of results for decades. The discussions often tapered off with a resounding "that would be cool" and chats were abandoned-moving on to the next hottest thing that was actually happening and not some utopian dream. <h1>Why did it take so long to become more?</h1> Huge obstacles prevented the idea of a decentralized digital economy, but one in particular stymied even the most learned developers-processing speed. This, however, became less and less of an issue as technology and processing speed evolved. Moore's Law has transformed our technological ability so drastically that in 30 years we have grown from computers the size of a small apartment to having lightning fast access to a world of information at our fingertips. The device you are likely reading this on has more processing ability than it took to land a man on the moon.  <h1>Enter Satoshi Nakomoto.</h1> A pseudonym for a visionary who has in the last 8 years become more myth than man. This article won't argue his identity or discuss which chicken or egg came first, but Satoshi brought the world the first publicly recognized proof of concept for a decentralized currency- the now famous (or infamous) Bitcoin. Like it or not, Bitcoin has become synonymous with the entirety of the cryptosphere. Ask a layman about Ethereum or any of the other top 10 cryptocurrencies and you may have a few that possess a vague idea of what you're talking about, but the majority still have at least heard of Bitcoin.  <h1>So how does it work?</h1> Having spent the last couple of years educating the public about the cryptosphere, this writer can attest that many newcomers to the space are off-put initially. The common theme is: "I just don't understand how it works." This article is not intended to go into a detailed analysis of the technology behind the cryptosphere. In the simplest of terms, the basis of the technology is the blockchain. Many emerging techniques are improving the functionality and speed at which this core concept works, but, in the same way a modern day Ethernet cord is vastly different from its predecessors, the moniker will likely stay, as it has been cemented into the culture. Blockchain works by relying on the consensus of several different users in a network to verify transaction and transmission of data. Because so many "nodes" are verifying the same data simultaneously, it is nearly impossible to hack. In fact, as of this writing, blockchains themselves have withstood every attempt by bad actors without being successfully corrupted. This is because to do so, you'd have to possess a supercomputer capable of finding the exact data you wish to corrupt in an insanely short period of time, get through all of the security protocols protecting the data, change it without leaving a trace, and do this simultaneously on more than 50% of the nodes in the network, all within the time it takes to "mine" (or process) that block. While this all sounds very technical, it boils down to having the peace of mind that the data and transactions expressed on blockchains are more secure than ever thought possible. Add into this the concept that the data has no central authority governing it like banks or individuals of varied interest, and you have a trustless system. Trustless here meaning that the only thing to trust is the algorithm and not an entity that may not have your best interest at heart. In fact, many in the cryptosphere have jokingly coined the term "in math we trust" as a tongue in cheek opposition to the status quo. Blockchain technology has been slowly but surely permeating all facets of our society as the usecases for smart contracts and digital currencies (etc.) have proven to be a game changer for most industries. Where tech entrepreneurs previously spent years gathering the resources, capital, and research/ development necessary to see their idea to fruition, it is now taking months. The understatement of the decade is that businesses are taking notice. Problems like world food supply, tracking of shipments, even the population and migration of bees are reduced to lines of code. A million and one life altering solutions, all powered by the blockchain.  <h1>While this is all well and good,</h1> the adoption from the general public is, to say the least, less than ideal. Convincing someone that digital currency, by virtue of its decentralized, borderless, immutable, and inflation resistant nature is superior to fiat currency is still a hard sell. (But so was the internet). The arguments are wide and varied against it, often perpetuated by those that have a vested interest in its failure. These themes repeat as the rising and falling of the still quite volatile cryptocurrency market ebbs and flows like a tide, and yet still in almost diametric opposition to traditional markets. How can a digital currency have value?  -the same way any currency has value: the value is agreed upon by a group. The key difference here being that the imposed scarcity of the asset catalyzes the growth in value over time rather than diminishing it by constantly printing more currency. Inflation has ruined many world economies and those devastated are likened to the proverbial "canary in the coal mine". A cautionary tale of how nations can fall when the balance tips against and the currency of the state becomes worthless paper and broken dreams. Won't digital currency make it easier to promote illegal activity?  Yes and no. Mainly no. The easiest way to fund illegal endeavors is good old cash. The same bills you earn and use have funded more despicable activity than could fill volumes of articles and this piece is not designed to address this in adequate measure as no single writing ever could. Needless to say, crime is older than money and doesn’t need the blockchain to accomplish these dirty deeds. While there have been crimes aided by digital currency, the cases pale in comparison to what happens daily with fiat. One could argue that the very technology that allows this is the best one able to weed out the bad apples. The list of arguments goes on and on but are often met with beautiful truth-blockchain is here to stay and those that fight the future will be left behind. <h1>But what of those that want to embrace this change but are overwhelmed by or don't have access to digital currency to use in everyday life?</h1> An easy to use platform that appeals to the masses but retains the integrity of decentralization, with the peace of mind that funds are secure. I mean, sure, tech geeks and investors in the cryptosphere are able to devote time and energy to exchanging and transacting online with nifty internet money...but what about everyday people? Surely some company is addressing this issue. There is. And it's called LIFElabs. ( Https://lifelabs.io )  I stumbled upon this company while looking for a cheap entry point in some solid projects, but what I found astounded me. Here’s a cryptocurrency that makes a bold claim: "simply for everyone". Everyone? Surely not...must be a gimmick. But it's not. LIFElabs endeavors to be a comprehensive platform with the singular goal of bridging the gap between the cryptosphere and everyday people. Intrigued, I studied further. And what to my wondering eyes should appear but a unicorn in a land of horses. Like a beacon amidst a sea of hokey initial coin offerings promising insane gimmicks and even more insane returns in short periods, is a company....operating like a company. While many ICOs in their infancy were already focusing on an exit strategy and marketing vaporware like there was no tomorrow, often with the goal of simply pumping a non start and leaving with the bags, here is a real diamond in the rough- a company fiercely focused on bringing the power of blockchain to the hands of every citizen on the planet. <h1>Here's the crazy thing- they're going to do it.</h1>  <h1>Setbacks happen</h1> Every good business has obstacles and the LIFE team has met the lion’s share. The idea of having an international digital wallet that integrates several top national/digital currencies and their own LIFEtoken, with comprehensive business tools, unrivaled security, ease of use, and a loadable debit card to boot, is an arduous task to accomplish -to say the least (and more than ruffles a few feathers). Technical, administrative, capital, and a host of other challenges have delayed original goals. LIFElabs did not have an "ICO" but rather a presale of tokens. This, among other things, allows LIFElabs to remain above board with respect to international securities regulations.  Tokens are allocated for adopters to use as rewards for employees and consumers, or as a transactional medium. While the supply is higher than many tokens at 100 billion it’s important to understand why. 39 billion is gradually fed into exchanges for retail investors. 26 billion is ring-fenced for the team and major business adopters (of which there are some exciting partnerships forming, further integrating LIFEtoken into several sectors and markets). 5 billion is used for the merchant gateway and is like the oil that keeps the transactional machine running. <h1>Here's another whammy-</h1> A full 30% of tokens are earmarked for charitable and philanthropic causes across the globe. Let me repeat that for those in the back... Nearly a third of this company’s expendable assets are going to charity. That’s huge. And not just any old bake sale fundraisers-but philanthropic causes that help provide things like planting trees, education services, and access to clean drinking water to those communities that need it most.  This is, honestly, the aspect that most attracted me to LIFElabs. While I was good at trading cryptocurrencies, and love the ideas behind decentralization, it didn't give me a sense of purpose. <h1>This does.</h1> Now, you may be asking yourself "Trying to create a digital currency for the masses in the face of incredible opposition and obstacles, whilst simultaneously helping save the planet through their philanthropy...isn't that an awful lot to take on? Is LIFElabs biting off more than they can chew?" Perhaps. But chew on it they have...and asked for seconds! When the initial goals in the first whitepaper/ roadmap became delayed due to heavy obstacles, LIFElabs did something surprising.  Rather than creating an exit strategy like many companies in the crypto space in recent years and leaving investors with full bags of practically worthless tokens (seriously it happens more often than crypto enthusiasts would like to admit- that's why we say invest at your own risk) the LIFEteam devised a strategy that puts many businesses to shame- <h1>they muscled through it.</h1> This harkens back to the old saying "when the going gets tough, the tough get going". They buckled down and hired on additional members of their team to accomplish their dream. Luke Chittock was hired as managing director. With expertise in geospatial sciences and the true grit needed to keep this company on track, Luke was a perfect fit. To establish and evolve the LIFE story and bring the message to that public we keep talking about, they appointed none other than David Pugh Jones as the Global Vice President of Brand. If you’re not familiar with the man himself, trust me you’ve seen his work. As the former brand manager for Microsoft, Buzzfeed, and many others through his company Dark Horse Consulting, you’d be hard pressed to find a better fit to market a product or service internationally. (Recently he appeared to represent LIFElabs at Cannes Lions- the largest event for marketers in the world). <h1>The longevity of a business depends on the quality,</h1> and (more importantly) the passion, of the team. Steve Jobs said- "A" people hire "A+" people...not "B" people. The difference between a leader and a boss is the ability to get the most out of your team. Bosses want "B" or "C" people so they can feel superior. Leaders want "A+" people so they can succeed.  LIFElabs did precisely that. They hired developers and staff that are not only capable, but are leagues ahead of the norm to give this project the best chance at success.  With this hard reset, the team is even more organized than before and the goals, albeit understandably delayed, are more attainable than ever. Marketing has reached a broad range of demographics. From sponsoring a concert at one of the most affluent neighborhoods in Los Angeles, Hidden Hills (an extremely well written article here from Hidden Hills magazine), to being the first crypto company to sponsor a pro-athlete: Scott Jamieson- European PGA pro golfer (an article from a major finance publication on that here ) LIFElabs is pulling out all the stops.  Receiving international televised attention for European PGA, the giant LED billboard at Cannes Lions festival playing LIFE’s playful promotional video or the massive efforts by Co-founder Jon Bushnell in Los Angeles with future LIFElabs partners- are just the tip of the iceberg. Once products are actually released, the real fun starts.  <h1>What lies beneath it all</h1> is the makings of a grass roots movement in cryptocurrency. Proof that a company can exist in this space and still operate with enormous integrity and grace under fire. To remain unerring in their mission to promote decentralized commerce solutions to the world while also giving back to those in need, inspires more and more people everyday. The community is growing and I’m proud to count myself among them.  <h1>For the record</h1> Understand that (as of this writing) I don't work for LIFElabs. I've been spending what fleeting moments of my spare time I can muster helping to tell their story pro-bono. I believe in this project despite what a handful of negative folks have to say and I'm sticking to my guns on this one. LIFEtoken is and ever will be "simply for everyone". Those who realize the incredible value of this project early on will look forward to a brighter tomorrow. Tokens can currently be purchased on hitBTC and Coin Exchange. Edit** the revised whitepaper has now been released and can be viewed here: https://www.lifelabs.io/LIFE_WP_V2.pdf *This original piece was written by Crypto Mikhail and does not imply an official endorsement by LIFElabs or any if its affiliates or subsidiaries.! |
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"author": "jason1",
"permlink": "the-case-for-life",
"title": "The case for LIFE",
"body": "<h1>The case for LIFE;</h1>\nAn intimate look into a grassroots crypto movement.\n\n\nCryptocurrency. Blockchain technology. Token. Digital currency. Decentralization.\n\nThese are all terms that are becoming more often used in society.\n\n<h1>Why is that?</h1>\nIt all started in the early days of the internet. Some would argue that the core principals stem from economic experiments as early as the 70s, but the 100th monkey philosophy suggests that the idea had to go through several iterations before it had a stable consensus to form into a full fledged idea. The advent of the communicative ability of the newly created world wide web brought the idea independently suggested and discussed in forums online by tech geeks and economy buffs without much in the way of results for decades. The discussions often tapered off with a resounding \"that would be cool\" and chats were abandoned-moving on to the next hottest thing that was actually happening and not some utopian dream.\n\n<h1>Why did it take so long to become more?</h1>\nHuge obstacles prevented the idea of a decentralized digital economy, but one in particular stymied even the most learned developers-processing speed. This, however, became less and less of an issue as technology and processing speed evolved. Moore's Law has transformed our technological ability so drastically that in 30 years we have grown from computers the size of a small apartment to having lightning fast access to a world of information at our fingertips. The device you are likely reading this on has more processing ability than it took to land a man on the moon.\n\n\n\n<h1>Enter Satoshi Nakomoto.</h1>\nA pseudonym for a visionary who has in the last 8 years become more myth than man. This article won't argue his identity or discuss which chicken or egg came first, but Satoshi brought the world the first publicly recognized proof of concept for a decentralized currency- the now famous (or infamous) Bitcoin.\n\nLike it or not, Bitcoin has become synonymous with the entirety of the cryptosphere. Ask a layman about Ethereum or any of the other top 10 cryptocurrencies and you may have a few that possess a vague idea of what you're talking about, but the majority still have at least heard of Bitcoin.\n\n\n\n<h1>So how does it work?</h1>\nHaving spent the last couple of years educating the public about the cryptosphere, this writer can attest that many newcomers to the space are off-put initially. The common theme is: \"I just don't understand how it works.\"\n\nThis article is not intended to go into a detailed analysis of the technology behind the cryptosphere. In the simplest of terms, the basis of the technology is the blockchain. Many emerging techniques are improving the functionality and speed at which this core concept works, but, in the same way a modern day Ethernet cord is vastly different from its predecessors, the moniker will likely stay, as it has been cemented into the culture.\n\nBlockchain works by relying on the consensus of several different users in a network to verify transaction and transmission of data. Because so many \"nodes\" are verifying the same data simultaneously, it is nearly impossible to hack. In fact, as of this writing, blockchains themselves have withstood every attempt by bad actors without being successfully corrupted. This is because to do so, you'd have to possess a supercomputer capable of finding the exact data you wish to corrupt in an insanely short period of time, get through all of the security protocols protecting the data, change it without leaving a trace, and do this simultaneously on more than 50% of the nodes in the network, all within the time it takes to \"mine\" (or process) that block.\n\nWhile this all sounds very technical, it boils down to having the peace of mind that the data and transactions expressed on blockchains are more secure than ever thought possible. Add into this the concept that the data has no central authority governing it like banks or individuals of varied interest, and you have a trustless system. Trustless here meaning that the only thing to trust is the algorithm and not an entity that may not have your best interest at heart. In fact, many in the cryptosphere have jokingly coined the term \"in math we trust\" as a tongue in cheek opposition to the status quo.\n\nBlockchain technology has been slowly but surely permeating all facets of our society as the usecases for smart contracts and digital currencies (etc.) have proven to be a game changer for most industries. Where tech entrepreneurs previously spent years gathering the resources, capital, and research/ development necessary to see their idea to fruition, it is now taking months. The understatement of the decade is that businesses are taking notice. Problems like world food supply, tracking of shipments, even the population and migration of bees are reduced to lines of code. A million and one life altering solutions, all powered by the blockchain.\n\n\n\n\n<h1>While this is all well and good,</h1>\nthe adoption from the general public is, to say the least, less than ideal. Convincing someone that digital currency, by virtue of its decentralized, borderless, immutable, and inflation resistant nature is superior to fiat currency is still a hard sell. (But so was the internet). The arguments are wide and varied against it, often perpetuated by those that have a vested interest in its failure. These themes repeat as the rising and falling of the still quite volatile cryptocurrency market ebbs and flows like a tide, and yet still in almost diametric opposition to traditional markets.\n \nHow can a digital currency have value?\n\n\n\n-the same way any currency has value: the value is agreed upon by a group. The key difference here being that the imposed scarcity of the asset catalyzes the growth in value over time rather than diminishing it by constantly printing more currency. Inflation has ruined many world economies and those devastated are likened to the proverbial \"canary in the coal mine\". A cautionary tale of how nations can fall when the balance tips against and the currency of the state becomes worthless paper and broken dreams.\n\nWon't digital currency make it easier to promote illegal activity?\n\n\n\nYes and no. Mainly no. The easiest way to fund illegal endeavors is good old cash. The same bills you earn and use have funded more despicable activity than could fill volumes of articles and this piece is not designed to address this in adequate measure as no single writing ever could. Needless to say, crime is older than money and doesn’t need the blockchain to accomplish these dirty deeds. While there have been crimes aided by digital currency, the cases pale in comparison to what happens daily with fiat. One could argue that the very technology that allows this is the best one able to weed out the bad apples.\n\nThe list of arguments goes on and on but are often met with beautiful truth-blockchain is here to stay and those that fight the future will be left behind.\n\n<h1>But what of those that want to embrace this change but are overwhelmed by or don't have access to digital currency to use in everyday life?</h1>\nAn easy to use platform that appeals to the masses but retains the integrity of decentralization, with the peace of mind that funds are secure. I mean, sure, tech geeks and investors in the cryptosphere are able to devote time and energy to exchanging and transacting online with nifty internet money...but what about everyday people? Surely some company is addressing this issue.\n\nThere is.\n\nAnd it's called LIFElabs. \n( Https://lifelabs.io )\n\n\n\nI stumbled upon this company while looking for a cheap entry point in some solid projects, but what I found astounded me. Here’s a cryptocurrency that makes a bold claim: \"simply for everyone\".\n\nEveryone?\n\nSurely not...must be a gimmick.\n\nBut it's not.\n\nLIFElabs endeavors to be a comprehensive platform with the singular goal of bridging the gap between the cryptosphere and everyday people. Intrigued, I studied further. And what to my wondering eyes should appear but a unicorn in a land of horses. Like a beacon amidst a sea of hokey initial coin offerings promising insane gimmicks and even more insane returns in short periods, is a company....operating like a company.\n\nWhile many ICOs in their infancy were already focusing on an exit strategy and marketing vaporware like there was no tomorrow, often with the goal of simply pumping a non start and leaving with the bags, here is a real diamond in the rough- a company fiercely focused on bringing the power of blockchain to the hands of every citizen on the planet.\n\n<h1>Here's the crazy thing- they're going to do it.</h1>\n\n\n\n<h1>Setbacks happen</h1>\nEvery good business has obstacles and the LIFE team has met the lion’s share. The idea of having an international digital wallet that integrates several top national/digital currencies and their own LIFEtoken, with comprehensive business tools, unrivaled security, ease of use, and a loadable debit card to boot, is an arduous task to accomplish -to say the least (and more than ruffles a few feathers). Technical, administrative, capital, and a host of other challenges have delayed original goals. LIFElabs did not have an \"ICO\" but rather a presale of tokens. This, among other things, allows LIFElabs to remain above board with respect to international securities regulations.\n\n\n\nTokens are allocated for adopters to use as rewards for employees and consumers, or as a transactional medium. While the supply is higher than many tokens at 100 billion it’s important to understand why. 39 billion is gradually fed into exchanges for retail investors. 26 billion is ring-fenced for the team and major business adopters (of which there are some exciting partnerships forming, further integrating LIFEtoken into several sectors and markets). 5 billion is used for the merchant gateway and is like the oil that keeps the transactional machine running.\n\n<h1>Here's another whammy-</h1>\nA full 30% of tokens are earmarked for charitable and philanthropic causes across the globe. Let me repeat that for those in the back... Nearly a third of this company’s expendable assets are going to charity. That’s huge. And not just any old bake sale fundraisers-but philanthropic causes that help provide things like planting trees, education services, and access to clean drinking water to those communities that need it most.\n\n\n\nThis is, honestly, the aspect that most attracted me to LIFElabs. While I was good at trading cryptocurrencies, and love the ideas behind decentralization, it didn't give me a sense of purpose.\n\n<h1>This does.</h1>\nNow, you may be asking yourself \"Trying to create a digital currency for the masses in the face of incredible opposition and obstacles, whilst simultaneously helping save the planet through their philanthropy...isn't that an awful lot to take on? Is LIFElabs biting off more than they can chew?\" Perhaps. But chew on it they have...and asked for seconds! When the initial goals in the first whitepaper/ roadmap became delayed due to heavy obstacles, LIFElabs did something surprising.\n\n\n\nRather than creating an exit strategy like many companies in the crypto space in recent years and leaving investors with full bags of practically worthless tokens (seriously it happens more often than crypto enthusiasts would like to admit- that's why we say invest at your own risk) the LIFEteam devised a strategy that puts many businesses to shame-\n\n<h1>they muscled through it.</h1>\nThis harkens back to the old saying \"when the going gets tough, the tough get going\". They buckled down and hired on additional members of their team to accomplish their dream. Luke Chittock was hired as managing director. With expertise in geospatial sciences and the true grit needed to keep this company on track, Luke was a perfect fit.\n\nTo establish and evolve the LIFE story and bring the message to that public we keep talking about, they appointed none other than David Pugh Jones as the Global Vice President of Brand. If you’re not familiar with the man himself, trust me you’ve seen his work. As the former brand manager for Microsoft, Buzzfeed, and many others through his company Dark Horse Consulting, you’d be hard pressed to find a better fit to market a product or service internationally. (Recently he appeared to represent LIFElabs at Cannes Lions- the largest event for marketers in the world).\n\n<h1>The longevity of a business depends on the quality,</h1>\nand (more importantly) the passion, of the team. Steve Jobs said- \"A\" people hire \n\"A+\" people...not \"B\" people. The difference between a leader and a boss is the ability to get the most out of your team. Bosses want \"B\" or \"C\" people so they can feel superior. Leaders want \"A+\" people so they can succeed.\n\n\n\nLIFElabs did precisely that. They hired developers and staff that are not only capable, but are leagues ahead of the norm to give this project the best chance at success.\n\n\n\nWith this hard reset, the team is even more organized than before and the goals, albeit understandably delayed, are more attainable than ever.\n\nMarketing has reached a broad range of demographics. From sponsoring a concert at one of the most affluent neighborhoods in Los Angeles, Hidden Hills (an extremely well written article here from Hidden Hills magazine), to being the first crypto company to sponsor a pro-athlete: Scott Jamieson- European PGA pro golfer (an article from a major finance publication on that here ) LIFElabs is pulling out all the stops.\n\n\n\nReceiving international televised attention for European PGA, the giant LED billboard at Cannes Lions festival playing LIFE’s playful promotional video or the massive efforts by Co-founder Jon Bushnell in Los Angeles with future LIFElabs partners- are just the tip of the iceberg. Once products are actually released, the real fun starts.\n\n\n\n<h1>What lies beneath it all</h1>\nis the makings of a grass roots movement in cryptocurrency. Proof that a company can exist in this space and still operate with enormous integrity and grace under fire. To remain unerring in their mission to promote decentralized commerce solutions to the world while also giving back to those in need, inspires more and more people everyday. The community is growing and I’m proud to count myself among them.\n\n\n\n<h1>For the record</h1>\nUnderstand that (as of this writing) I don't work for LIFElabs. I've been spending what fleeting moments of my spare time I can muster helping to tell their story pro-bono. I believe in this project despite what a handful of negative folks have to say and I'm sticking to my guns on this one. LIFEtoken is and ever will be \"simply for everyone\". Those who realize the incredible value of this project early on will look forward to a brighter tomorrow.\n\nTokens can currently be purchased on hitBTC and Coin Exchange.\n\nEdit** the revised whitepaper has now been released and can be viewed here:\n\nhttps://www.lifelabs.io/LIFE_WP_V2.pdf\n\n*This original piece was written by Crypto Mikhail and does not imply an official endorsement by LIFElabs or any if its affiliates or subsidiaries.!",
"json_metadata": "{\"tags\":[\"bitcoin\",\"crypto\",\"blockchain\",\"life\",\"charity\"],\"image\":[\"https://cdn.steemitimages.com/DQmPq1q7YB4f5YTKKLdga13JRpECgRqahV29Ktbfg8UAh73/1_0ZJ_7YqsYsxBayYaJ-24pw.jpg\",\"https://cdn.steemitimages.com/DQmXqdCjbengzZKd7QrwgybaFmBeNUCWj8Mqtk7HNZvQDra/1_2GUKnWXrX3KpThDt8kPvcA.jpeg\",\"https://cdn.steemitimages.com/DQmWcVehW3V3ovgAkcTzgacEYLwAuvJdVoxAaRN6A76P5yA/1_-4ApniIsTOg1_1vOjaQvnQ.jpeg\",\"https://cdn.steemitimages.com/DQmdMkAAPRfqF8mv9EjHfxrJtpKn5PUTvAs678T7AB2cTra/1_5mihvokiWaKKp26JKUSK7g.jpg\",\"https://cdn.steemitimages.com/DQmXCxWwNhQS56naS43kjxfxjQbUtD6LQBVoY2xKwehc8cw/1_FbAD4jtD0aUU6IeIcWT7Kw.jpeg\",\"https://cdn.steemitimages.com/DQmYWQDnQpcWu9iG6QfqixNeztMvNcuxQ8aaRM4MQ7tAwbi/1_A-Wzi-EjvSKNXz9uC_DUXA.jpg\",\"https://cdn.steemitimages.com/DQmSoABgMFUjb5UK1SAXyQ6fWq77Mzaho3nztnvhcPYDCZt/1_oEYtPD5XVn6fTkmzewmOzQ.jpeg\",\"https://cdn.steemitimages.com/DQmd1W3JowGM59AE19ZVoNH5AE1LhxPWuRPaHmU1k2LcXhQ/1_nXF1jQjyAuCeUglOF3VScg.jpeg\",\"https://cdn.steemitimages.com/DQmcwA4PzPnsoxMPW3AYBeXXdR5B6XPC7YC5GSCsfTAfhHa/1_XbTIqbvxbjrnG40nQSl4NQ.jpeg\",\"https://cdn.steemitimages.com/DQmagW3NTnjPcHJiaaNYg6RqMWw26BDvcn6p5MAZnNWFSG2/1_hZDMgor9Np8axhtriFd-ig.jpeg\",\"https://cdn.steemitimages.com/DQmPSsM7guWpLEqCTWi8Y7Z9K79TV5PNZCKwL2LTmME55rv/1_QsxRwOzdd0idCvpIse9s0Q.jpeg\",\"https://cdn.steemitimages.com/DQmemTAutphcQp5oJ6Er4YWZb7mXszhuqwK96YAnqVybX69/1_1UBUnvfkbdIpEmL-gSn86w.jpeg\",\"https://cdn.steemitimages.com/DQmViSiuXKLvN3akZrnWCnpwvvo3w84wZY1KFuhkQqW3jsf/1_y6ifhQkfQjW-J3TTDN2D5g.jpeg\",\"https://cdn.steemitimages.com/DQmafs6rseaABS4cnksJp2tXQFiuEihcKwcveu4gbLemfQ6/1_gXrZYchDRaQUtbNM0Z_Nlw.jpeg\",\"https://cdn.steemitimages.com/DQma25Stz55aikbBSyocwaHzcAj9qxtT3Cg4AMfuVHYC3m5/1_xe_gJTnvDyLpPCqo9SvU4Q.jpeg\"],\"links\":[\"Https://lifelabs.io\",\"https://www.lifelabs.io/LIFE_WP_V2.pdf\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
}
]
}2018/05/16 20:22:45
2018/05/16 20:22:45
| delegator | steem |
| delegatee | jason1 |
| vesting shares | 9139.740990 VESTS |
| Transaction Info | Block #22489956/Trx 7340ea1ba9507c125fca6e9be0d625e576601ca4 |
View Raw JSON Data
{
"trx_id": "7340ea1ba9507c125fca6e9be0d625e576601ca4",
"block": 22489956,
"trx_in_block": 4,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-16T20:22:45",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "jason1",
"vesting_shares": "9139.740990 VESTS"
}
]
}2018/01/09 06:40:00
2018/01/09 06:40:00
| delegator | steem |
| delegatee | jason1 |
| vesting shares | 29690.731374 VESTS |
| Transaction Info | Block #18819598/Trx 2de57362b3a90c9ee6d9b0f5105e23be0f5b984e |
View Raw JSON Data
{
"trx_id": "2de57362b3a90c9ee6d9b0f5105e23be0f5b984e",
"block": 18819598,
"trx_in_block": 28,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-01-09T06:40:00",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "jason1",
"vesting_shares": "29690.731374 VESTS"
}
]
}2017/08/04 05:16:24
2017/08/04 05:16:24
| delegator | steem |
| delegatee | jason1 |
| vesting shares | 29941.542082 VESTS |
| Transaction Info | Block #14271408/Trx b642c42f0eb990a9f5b53fa1fa46bd4b2025b190 |
View Raw JSON Data
{
"trx_id": "b642c42f0eb990a9f5b53fa1fa46bd4b2025b190",
"block": 14271408,
"trx_in_block": 3,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-08-04T05:16:24",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "jason1",
"vesting_shares": "29941.542082 VESTS"
}
]
}2017/06/30 08:30:21
2017/06/30 08:30:21
| fee | 0.500 STEEM |
| delegation | 57000.000000 VESTS |
| creator | steem |
| new account name | jason1 |
| owner | {"weight_threshold":1,"account_auths":[],"key_auths":[["STM69PJ7wobkCchZ5AvsSeP7yARSsXXQorsDNnQ7DCojXY4LucCf9",1]]} |
| active | {"weight_threshold":1,"account_auths":[],"key_auths":[["STM64Dbaw5eMxB7i1tuFfo3GKDQoFMETp88DPFmjmpwJpvqy5WTqX",1]]} |
| posting | {"weight_threshold":1,"account_auths":[],"key_auths":[["STM8DSJxjQ9xgWtLevMNdQZXZQsQon8dBcHQadQQY2Yt4s4BhYE5J",1]]} |
| memo key | STM5WdffahkhfcDJ7r6nww1cmNTehPJD4y48CmZ4aGWH8qGat2qYT |
| json metadata | |
| extensions | [] |
| Transaction Info | Block #13268530/Trx d2d1d7d49ec025f037dca63005da1f97e5c6b6b8 |
View Raw JSON Data
{
"trx_id": "d2d1d7d49ec025f037dca63005da1f97e5c6b6b8",
"block": 13268530,
"trx_in_block": 13,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2017-06-30T08:30:21",
"op": [
"account_create_with_delegation",
{
"fee": "0.500 STEEM",
"delegation": "57000.000000 VESTS",
"creator": "steem",
"new_account_name": "jason1",
"owner": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM69PJ7wobkCchZ5AvsSeP7yARSsXXQorsDNnQ7DCojXY4LucCf9",
1
]
]
},
"active": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM64Dbaw5eMxB7i1tuFfo3GKDQoFMETp88DPFmjmpwJpvqy5WTqX",
1
]
]
},
"posting": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM8DSJxjQ9xgWtLevMNdQZXZQsQon8dBcHQadQQY2Yt4s4BhYE5J",
1
]
]
},
"memo_key": "STM5WdffahkhfcDJ7r6nww1cmNTehPJD4y48CmZ4aGWH8qGat2qYT",
"json_metadata": "",
"extensions": []
}
]
}Manabar
Voting Power100.00%
Downvote Power100.00%
Resource Credits100.00%
Reputation Progress0.00%
{
"voting_manabar": {
"current_mana": 1953311140,
"last_update_time": 1588934886
},
"downvote_manabar": {
"current_mana": 488327785,
"last_update_time": 1588934886
},
"rc_account": {
"account": "jason1",
"rc_manabar": {
"current_mana": "7221530590",
"last_update_time": 1588934886
},
"max_rc_creation_adjustment": {
"amount": "2020748973",
"precision": 6,
"nai": "@@000000037"
},
"max_rc": 3974060113
}
}Account Metadata
| POSTING JSON METADATA | |
| None | |
| JSON METADATA | |
| None |
{
"posting_json_metadata": {},
"json_metadata": {}
}Auth Keys
Owner
Single Signature
Public Keys
STM69PJ7wobkCchZ5AvsSeP7yARSsXXQorsDNnQ7DCojXY4LucCf91/1
Active
Single Signature
Public Keys
STM64Dbaw5eMxB7i1tuFfo3GKDQoFMETp88DPFmjmpwJpvqy5WTqX1/1
Posting
Single Signature
Public Keys
STM8DSJxjQ9xgWtLevMNdQZXZQsQon8dBcHQadQQY2Yt4s4BhYE5J1/1
Memo
STM5WdffahkhfcDJ7r6nww1cmNTehPJD4y48CmZ4aGWH8qGat2qYT
{
"owner": {
"account_auths": [],
"key_auths": [
[
"STM69PJ7wobkCchZ5AvsSeP7yARSsXXQorsDNnQ7DCojXY4LucCf9",
1
]
],
"weight_threshold": 1
},
"active": {
"account_auths": [],
"key_auths": [
[
"STM64Dbaw5eMxB7i1tuFfo3GKDQoFMETp88DPFmjmpwJpvqy5WTqX",
1
]
],
"weight_threshold": 1
},
"posting": {
"account_auths": [],
"key_auths": [
[
"STM8DSJxjQ9xgWtLevMNdQZXZQsQon8dBcHQadQQY2Yt4s4BhYE5J",
1
]
],
"weight_threshold": 1
},
"memo": "STM5WdffahkhfcDJ7r6nww1cmNTehPJD4y48CmZ4aGWH8qGat2qYT"
}Witness Votes
0 / 30
No active witness votes.
[]