Introducing Lepasa

- November 09, 2021

Introducing Lepasa — Win finest ever NFTs

Lepasa is a mythological virtual life conceptualised by a team of artists and engineered by blockchain enthusiasts.

The vision is to establish an ecosystem that allows users to create, experience, and monetise their content and applications.

Every piece of creativity in Lepasa is an NFT token (ERC-721) and always owned by its holders on the Ethereum blockchain, giving them full control over wherever and whatever they want to use it for.

Magical Polqueen

Unlike other virtual properties, Lepasa is not controlled by a centralised organisation.

There is no single authority with the power to modify the rules of the software, contents, economics of the tokens, or prevent others from accessing them.

NFT — The Latest Blockchain Craze!
Gamers have traded virtual currencies and assets for years, from Fortnight’s cosmetic character skins to World of Warcraft’s gold.

But in a traditional game, you don’t truly own anything in the virtual world because its economy exists exclusively in a closed marketplace.

NFTs are creating opportunities for all kinds of creators (visual arts, game designers, musicians, etc.) and unlocking new revenue streams.

Part of what makes them so exciting is the variety of assets they can represent: virtual collectables, game items, digital artwork, event tickets, real estate, identity documents, certifications, and more.

The NFT market is exploding right now, as early adopters and Cryptocurrency enthusiasts try to cash in on the trend.

Technology & Architecture -
The proposed protocol has 3 divisions.

Registry Layer - This layer records permanent data of land owners and their content.

Content Layer - Here it brings assets built on top of the land block using decentralised systems.

P2P Layer - Facilitates developer’s, land owner’s users to interact with each other with various channels like text & voice chat.

Land ownership is recorded at the registry layer, where land content is referenced through a hash of the file’s content.

From this reference the information can be downloaded from IPFS.

The downloaded file contains a description of objects, textures, sounds, and other elements needed to render the particular scene.

It also contains the URL of a rendezvous server to coordinate connections between P2P users that are exploring the tile simultaneously.

Registry Layer
Ethereum smart contract (ERC-721) to maintain a ledger of ownership records for land blocks.

These non-fungible digital assets can be called as LAND: each LAND has unique (Direction, Zone#,Land#,) coordinates, an owner, and a reference to the content description file, which encodes what the landowner wants to serve there.

Lepasa clients will connect to the Ethereum network to fetch updates to the state of the LAND smart contract.

LAND is claimed by LEPA, a fungible ERC-20 token of fixed supply.

And every swap burns LEPA to create scarcity of the token.

This token serves as a proxy for the cost of claiming a new land block.

Content Layer
Lepasa uses a decentralised storage system to distribute the content needed to render the scene.

For each block that needs to be rendered, a reference to a file with the description of the block’s content is retrieved from the smart contract meta data.

As of today the Inter-Planetary File System (IPFS) that provides a mature solution for the requirements, shall be used.

This decentralised distribution system allows project to work without the need of any centralised server infrastructure.

This allows the world to exist as long as it has contributors distributing content, shifting the cost of running the system to the same actors that benefit from it.

TOKENOMIC

It is important for you to know the token economy and how we will use the funds.

Total Supply: 100 M

Initial Circulating Supply: Less then 10%

Listing Price: $0.15

Publicc Sale: $0.10

Token Distribution

Everything

you want know about Lepasa Token Distribution.

1 % Public sale — Price: $0.10

Listing Price — $0.15

Strategic & Private Distribution — 10% shall be vested on-listing, Then daily vesting over a period of 365 days.

Foundational Reserve — After 1 year, Daily vesting over 365 days.

Marketing & Business Development — 10% vested on listing, Then daily vesting over 365 days.

Liquidity — 10% of the total supply is allocated for liquidity.

Team — After 1 year, Daily vesting over 365 days.

Advisors — After 1 year, Daily vesting over 365 days.

Fund Usage

This is how the funding is going to be used.

40% of the funds will be used to support the development.

Marketing actions such as go-to market strategy will account for 20% of the total funds raised.

Legal and Accountancy will represent 10% of the total funds raised.

30% of funds will be used to provide liquidity to exchanges.

Conclusion
As mentioned earlier, Lepa

sa has been built with the vision of creating a mythological virtual world with unique fine art 3D NFTs that give users not just an image but access to actual source files.

These source files come with a plethora of possibilities from games, videos, pictures to other NFTs.

The utility token on the platform too, has a limited supply thereby carrying the potential to give huge returns to investors both in the long and short terms.

Lepasa is also being featured on CoinMarketCap and NewsBTC apart from partnering with Polygon|Matic.

For More Information:

Website: https://www.lepasa.com/

WhitePaper: https://www.lepasa.com/assets/docs/whitepaper.pdf

Twitter: https://twitter.com/lepasaorg

Telegram: https://t.me/lepasa_discuss

Medium: https://lepasa.medium.com/

AUTHOR

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