Blockchain Integration

5.1 LiaChain: Technological Infrastructure

LiaChain forms the core blockchain infrastructure of the FlareUp platform and operates on a fully decentralized framework. This infrastructure ensures a secure, transparent, and user-friendly environment. LiaChain supports the platform with high efficiency, low transaction fees, and robust network security.

• Proof of Stake and Task-Based Rewards: LiaChain employs the Proof of Stake (PoS) mechanism to maintain network security. However, unlike traditional PoS systems, the FlareUp platform integrates activity-based rewards alongside staking. Users can earn rewards without needing to stake tokens by engaging in platform interactions such as watching live streams, attending events, and trading NFTs.

• Smart Contracts: FlareUp automates revenue sharing and reward distribution for broadcasters and content creators using smart contracts. Broadcasters receive instant rewards from viewer contributions, while users are assured of fair distribution. Smart contracts enable transparent, reliable, and swift execution of all payment transactions and reward distributions on the platform.

• Decentralization: LiaChain relies on a decentralized node network, facilitating global accessibility for the FlareUp platform and ensuring high availability and performance. Users can actively participate in the network by operating nodes, contributing to the network's sustainability and security.

5.2 LiaToken and Use Case

All digital payments in the FlareUp application are conducted using tokens within the LiaChain ecosystem. These tokens enable users to generate earnings from platform interactions and serve as the primary asset for all financial transactions.

• Official Currency – LIA: LIA token is the official digital currency of the LiaChain network. It is the primary medium of exchange for all transactions on the platform. Users can make payments for various services, earn rewards, and stake LIA tokens to generate passive income.

• FLU Token and Its Role: The FLU token is the operational currency within the FlareUp application. It can only be purchased with LIA tokens and is used for activities such as receiving content rewards, participating in live events, and making donations. FLU supports active user engagement by offering exclusive benefits and rewards.

• LIA-FLU Conversion: Users can exchange FLU tokens for LIA tokens to facilitate seamless transactions both within and outside the platform. This conversion allows users to transform their digital rewards into tangible value, enhancing their overall experience.

• Crypto and Fiat Exchange: The P2P platform enables FLU and LIA tokens to be exchanged for cryptocurrency or fiat currency (e.g., USD, EUR). Users can directly trade with others, bypassing intermediaries, which enhances transparency and simplifies financial management.

Advantages of the Growing Crypto Ecosystem

• Low Transaction Fees: LiaChain's efficient block production mechanism minimizes transaction costs, enabling users to maximize their earnings.

• Accessibility and Security: LiaChain employs modern cryptographic techniques to ensure secure transactions. Both FLU and LIA tokens can be traded securely and at low costs.