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Why Buy LYO Credit LYO? 

The post Why Buy LYO Credit LYO?  appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

According to CoinMarketCap, there are over 20,300 cryptocurrencies in existence, not to mention the different ICOs that happen worldwide every week. This proves how easy and cheap creating a cryptocurrency is. With thousands of cryptocurrencies in the market that are all volatile in nature, investing in one of them would probably feel like a gamble. Unless you come across a cryptocurrency that holds real purpose

With just the right amount of research, you can stumble upon a hundred cryptocurrencies that have great potential and promising use cases. One of them is LYO Credit (LYO) , the native token of LYOPAY. As of July 2022, its value hovers around $1.48. How can this price increase in the near future? Let’s jump in. 

LYOPAY Ecosystem 

A token or cryptocurrency’s value is glued to the purpose of the project. LYO is the utility token of LYOPAY, an ecosystem of products and services that are payable with cryptocurrency. Inside the platform are tools that allow you to use crypto if you want to go shopping, pay for your flight, accept crypto payments, stake, trade, and much more. Here are some services in the ecosystem that you can take advantage of. 

  1. LYOTRADE 

LYOTRADE is a centralized crypto exchange that offers various types of trading such as spot trading, P2P trading, margin trading, futures contract, and OTC trading. You can also stake LYO Credit tokens where you can gain up to 36% interest per year. It features SWAP DEX where you can swap LYO with other cryptocurrencies anonymously. Another feature is the LYOSWAP BOT where you can easily trade using Telegram’s chatbot. 

Moreover, LYOTRADE allows you to buy and sell LYO Credit tokens with card and wire transfer. 

  1. LYOTRAVEL 

LYOTRAVEL is a digital travel company based in Dubai that accept crypto payments for flight booking, hotel reservations, and car rentals. Apart from its user-friendly interface and budget-friendly prices, one customer-favorite feature it offers is it allows you to pay your total bill using multiple wallets. This is perfect for group travels in which the total amount can be divided into the number of attendees and can be paid using their respective wallets. 

  1. LYOMERCHANT 

LYOMERCHANT is a crypto payment gateway that allows users, particularly merchants, to accept payments in crypto on their online and offline stores and websites. Moreover, it supports over 50 cryptocurrencies and offers minimal transaction fees. Its non-custodial feature lets you have complete control over your funds. These features that will help merchants and business owners alike to seamlessly accept fiat money and cryptocurrencies are certainly going to expand their customer base.  

Is LYO Credit Worth It? 

Investing in LYO Credit is worth it for the long haul. Just by analyzing the way where LYOPAY is heading and the benefits it offers to people and businesses around the world, it is no question that LYO Credit is going to be an asset. The LYOPAY ecosystem is continuously expanding and its services are constantly upgrading to cater your needs. Once you enter the LYOPAY ecosystem and use its cutting-edge crypto tools, you will not feel the need to find other service providers. 

Follow LYOPAY’s social media channels to stay updated on their business :

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What’s the recommended way to allow users to mint random ERC-721 tokens, reveal metadata, and offer full transparency in 2022?

I’m writing an ERC-721 contract to launch a collection of paintings and I’m considering a few semi-generative variations to make the total supply about 1,000 tokens with multiple rarities. I’d like to use a reveal step so that collectors will only know what random token and rarity they get after the collection has sold out::Listen

I’m writing an ERC-721 contract to launch a collection of paintings and I’m considering a few semi-generative variations to make the total supply about 1,000 tokens with multiple rarities.

I’d like to use a reveal step so that collectors will only know what random token and rarity they get after the collection has sold out or some time has passed but I’m slightly confused about the use of a provenance hash and the randomness mechanism.

The short version question is: What’s the recommended way to allow users to mint random tokens, reveal metadata, and offer full transparency in 2022?

And here’s the long version.

Of course I want to offer transparency so I learned all I could about the provenance hash and I’m considering generating the hash with the actual metadata (hashing the full JSON files including the IPFS CID for images instead of just the images, is that somehow better or just unnecessary?) before the sale starts but only pointing to placeholder images at first and then uploading the final metadata and images and setting the baseURI on reveal time.

But I’m not sure about the random part. I’ve read about the BAYC approach with a startingIndex (which apparently the contract doesn’t use correctly) coming from the block number of the last token minted but I’m not sure if that’s still a good approach in 2022. As it looks like BAYC is not a great example of this approach I’d appreciate it if you could point me to a contract doing it the right way.

I initially thought about randomizing the token ID on mint with a Chainlink VRF call but with many tokens that would be too expensive.

Another option I considered was just making one call to Chainlink VRF on reveal and then expanding that number using the random number with keccak256 and them modulo operator to shuffle the token IDs and run a loop over all the tokens calling _setTokenURI to point each token to a JSON metadata file on IPFS. For this to work fine I suppose I shouldn’t put these files in just one IPFS directory so each CID would be different and unrelated to the token ID but I worry that this solution may be too expensive because of the loop and calls to _setTokenURI.

For reference here are a couple of URLs I’ve already explored.

Random-order minting of ERC721 tokens

https://forum.openzeppelin.com/t/are-nft-projects-doing-starting-index-randomization-and-provenance-wrong-or-is-it-just-me/14147/7

Why Buy LYO Credit LYO? 

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