LoMoStar A Grand Vision for the Social EconomyIts a hot Saturday afternoon. You and your friends are wandering around the high-street window-shopping. Your friend opens the LoMoStar app and notices a virtual red envelope has appeared outside the Starbucks in the next street over. They click it, a coupon pops up on the LoMoStar app and you receive a small amount of cryptocurrency at the same time.
It sure is hot this afternoon! We are selling Icy cold Frappuccino for 50% off! Limited time offer for 15 minutes only!
You all decide thats exactly what you need right now, so you allow LoMoStar app to guide you to the Starbucks where you show the store your offer and claim the coupon for your icy cold beverage. It tastes delicious. Thanks LoMoStar.
LoMoStar is a Beijing-based blockchain company which ambitiously plans to tackle the opaque system of todays online advertisement with three main concepts: blockchain, location-based services and the Social Economy. By combining them in a native app with a native cryptocurrecy, while supporting multiple cryptocurrencies, LoMoStar could potentially be the global catalyst for widespread adoption of blockchain technologies beneath a seamless user experience. LoMoStars vision of the Social Economy is best understood by one of the problems they are seeking to address the online advertisement system. Before we begin to explore the Social Economy, we must first understand why the current online advertisement model is anti-social.
https://medium.com/@ronsee/lomostar-a-grand-vision-for-the-social-economy-8d6ac4c17e8c
