How it Works

LIV is a cryptocurrency much like Bitcoin but focused on dream vacation properties. LIV tokens can be purchased, held, or used to rent LIV properties for personal use. LIV holders are building a real estate empire backed by the most solid appreciable asset since the dawn of time, real estate. 

Every transaction to buy or sell LIV will result in a reflection (fee) that is distributed to all holders. As these reflections occur, a portion will go to the wallet owned by LetsLIVLife LLC. As this wallet grows we will continually convert the reflections into USD which will be used to acquire real properties. These properties will be selected by the community and owned by LetsLIVLife LLC. Initially, rentals will be a manual process until we can build a rental platform for LIV holders. When renting the property LIV holders must cover the maintenance costs associated with their stay. Because the properties are being purchased in full with no debt we anticipate that the cost of rentals for LIV holders will be pennies on the dollar. Imagine staying in an overwater bungalow for $40 USD a night. These same properties will also be listed on AirBNB, VRBO and similar sites for rental by non LIV holders. Profits from these rentals will then be reinvested into LIV. 

Fundamentally, cryptocurrencies are only as valuable as their utility. In a time where numerous tokens are being launched with limited utility (or no utility) we want LIV to be different. We accomplish this by immediately promising real utility but also appreciable value. LIV is modeled as a Real Estate Investment Trust (REIT) backed by a token*. What this means is that the yield, or profit, acquired from our vacation properties will be reinvested back into LIV, further driving the price up. In doing so we are accomplishing numerous goals
– Providing immediate utility of the token through access of LIV owned vacation properties
– Backing the token with real assets held by a public LLC guaranteeing we won’t rug pull
– Playing the long game in the crypto space by using real estate as the foundation

In order to avoid the complications of real estate ownership backed by a token we plan to hold all properties under the LetsLIVLife LLC name, a US based company. LetsLIVLife LLC will hold LIV as an intangible asset on the books, much like how Tesla holds Bitcoin. This approach avoids the complicated Know Your Customer (KYC) and accredited investor requirements which burden tokenization of real assets and create barriers to entry for many investors. 

To drive demand for LIV while providing access to the properties for all holders it is likely that we will offer a combination of options for LIV holders to rent the facility. This may include
– Lottery system for reserving specific days/weeks
– Auction system during peak weeks which will help drive demand for LIV


*LIV & LetsLIVLife LLC are not registered with the SEC or purporting to be a REIT. Investing in cryptocurrency coins, alt-coins or tokens can always carry substantial risk. Before buying or investing in any crypto-market, it is the investors responsibility to ensure they are fully educated on the trading, taxes, buying and selling of cryptocurrency.