I definitely like the idea of the project but I don't really see why this is connected to blockchain/crypto tokens? The user case doesn't require that at all from what I can see. On the website it says 620k of lcd sold so far, that's about 150k usd? The project looks too good for that amount to be raised and the presale should be over in the roadmap? Whats the problem? Why isnt there more raised?
1. We started campaigning pretty late in the game, in October, in the month of the ICO pre-sale. We are very special and unique in terms of tangible hardware solution (next-gen smartglass technology) and decentralized app store, quality of the team but also backing of a public company. There is no golden "one rule for everyone" and we are confident in the final success given the ICO is running until Feb 28th, we are getting first major strategic alliances, attending major conferences, talking to whales and funds as we speak.
2. You will not be able to take advantage of smartglasses functionality without blockchain for a few reasons:
- without the token, we will not be able to motivate and incentivize developers enough to work on the vast universe of apps needed for smartglasses. By creating a decentralized app store, we will allow developers to keep more of their traditional app/media revenue than if they worked within traditional app ecosystem. Then the blockchain will encourage app development additionally by rewarding them with LCD tokens for best reviewed apps. Developers will get LCD based on user ratings, which are submitted to a block corresponding to their content on the Lucyd Lab blockchain. This additional merit-based bonus atop traditional app revenue will motive 3rd party development
- at the same time, the ecosystem grows by attributing a small portion of LCD for basic actions like reviews, app referrals and ad participation
- LCD token would also enable a user experience untethered to existing platforms and financial systems, grounded only in the Lucyd smartphone companion app and Lucyd Lab blockchain. LCD enables in-Lens purchases of Lucyd hardware and Lucyd-native apps and media, without a bank account. In-Lens downloadable content takes the form of in-app purchases in the Lucyd companion app, allowing our ecosystem to initially function on existing smartphone platforms.
- its the only way for instant, vocally initiated peer to peer transfers among the people wearing smartglasses
- LCD can be natively integrated into Lucyd apps, allowing for instant in-app purchases and participation rewards without requiring signup or a bank account. E.g., a game that integrates your LCD wallet for its currency, rewarding achievements and selling gem packs in LCD
- LCD will let you purchase AR hardware and content from the Lucyd store in-Lens, or be cashed out on token exchanges.
So in essence blockchain fits AR so much because it enables decentralized app store - and without decentralized app store you won't be able to create a native app ecosystem in an efficient, economic way. Then you have the token as the means of economic value of course.