Love Power Coin (LPM): A community-led NFT artist funding movement
Project Introduction
LovePowerMovement is a social project that provides economic support to the community. The project was launched without pre-sales and VC and is completely driven by the community. A portion of the proceeds from the token sale will go to NFT artists. During the bear market when NFT sales were very low, thousands of NFT artists were supported through Love Power. To further support the community, LovePowerMovement has established an NFT market for digital artists to help them sell digital artworks.
The LPM token is the native token of the Love Power ecosystem. It is used for internal transactions in the market and will also be used to reward artists, active community members, ambassadors, etc. Currently, the LOVE token is available on the decentralized Uniswap platform.
The Love Power NFT Collection is a set of unique NFT tokens created by artists in the open community to promote values such as love, beauty, and defeating evil through kindness and understanding. The series is currently available on the OpenSea and Rarible markets.
LOVE POWER COIN has officially changed its name to LPM on June 22.
Market value analysis
The total number of LPM tokens is 1 million, the current FDV is 46.34 million US dollars, and the tokens are fully circulated. The LPM project is similar to the investor + trading platform of NFT. Similar projects on the market include Rari (market value of 52 million US dollars), Blur (market value of 720 million US dollars) and NFT token leader APE (market value of 970 million US dollars).
In contrast, LPM tokens are fully circulated and the market value is also low. With the listing of more exchanges, the liquidity of LPM tokens will be further improved, and the price is expected to rise in the future.
On the other hand, although the crypto market has rebounded this year, the NFT sector is still in a severe winter mode. The floor price of blue-chip projects is still low compared to the previous bull market, and the overall heat of the NFT sector is still low.
On-chain holdings
According to on-chain data, the current TOP100 holders of LPM tokens hold a total of 99.49% of the token shares, of which the TOP1 address is Love Power Coin: Deployer, and the total number of LPM tokens held is 542,878, accounting for 54.28%. Uniswap V3's LPM token pool has 14,324.67 LPMs, accounting for 1.4325%, ranking fifth.
Related links
Official website: https://lpm.is/
X: https://x.com/LovePowerCoin
Block browser: https://etherscan.io/token/0x504624040e0642921c2c266a9ac37cafbd8cda4e#balances
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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