FAQ

Continuously updated

Q1: When will the $LBS token be generated, and what public chain will it be based on?

A: Time TBA; for convenience of listing on CEX, before the mainnet launch, it will likely be minted based on ERC-20 standard.

Q2: Web2's O2O is heavy on operations and services. Decentralization with Web3 could lead to poor user experiences, making Web3 O2O infeasible. What's your view on this?

A:[1] Web3's O2O should start with highly standardized industries, such as OTA travel, ticket booking, hotel reservations, and ride-hailing. There are autonomous taxis on U.S. streets, where user interaction with machines is highly standardized and doesn't require additional services. 80% of O2O scenarios are like this.

[2] Different levels of users pursue different service standards. Wealthy people have a high time cost and are always willing to pay a premium for high-quality services. However, this demographic is not our target audience. Our target users are those willing to sacrifice some services for lower prices. We are building

Q3: What advantages will Yuliverse's NFT Holders have?

A: Yuliverse currently exists as the only dApp on the LBS chain and is the only collector of LBS Data so far. Therefore, Yuli NFT Holders provides critical support for the startup of the LBS chain. For this reason, our Mining node hash rate will boost the power of Yuli NFT. Please stay tuned for detailed announcements.

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