What is Live Crypto Party (LCP) token and is it safe?

Highlights

• Metaverse should not be confused with gaming as the former is a much broader space
• After play-to-earn popularity, a new and similar project seems to be in the work -- party-to-earn
• Live Crypto Party is not listed on major crypto tracking websites, hence, caution is advised

The expression ‘play-to-earn’ has become synonymous with blockchain gaming. But blockchain games are not to be confused with metaverse, in that the latter can be a much broader interactive space in virtual reality. For example, brands can promote their goods and/ or services, and people can even get married in a metaverse setting.

Now, play-to-earn seems to have found an extension in the form of ‘party-to-earn’. One project, Live Crypto Party, appears to be working in this space with a unique set of services.

Before we learn more about the project, it is important to note that the crypto space is riddled with scams, and hence, any new project must be fully studied and understood before making any commitment.

What is Live Crypto Party?

The project claims to be a party-to-earn platform, where users may earn up to 80 per cent return. Though this sounds like a tall claim considering the high fluctuation in the price of cryptos over a short time, Live Crypto Party states it is enabled through a special arrangement.

Here, tickets are given for a party hosted on metaverse or offline, and the holders of these tickets can vote in favor of crypto/s of their choice.

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Live Crypto Party claims that the cryptocurrency which becomes the “coin of the day” is eligible for a buyback of up to 80 per cent return. The holders of that crypto may sell it to the platform to profit from this price appreciation, according to Live Crypto Party.

The project also talks about referrals, where users that bring others to the platform are rewarded. A spin contest is also highlighted where prizes can be won.

What is Live Crypto Party (LCP) crypto?

The project also has a native LCP token. Notably, LCP is also the ticker of another crypto Litecoin Plus, which is listed on CoinMarketCap.

LCP token of Live Crypto Party, the project states, can be earned as a free reward. It can be redeemed on the platform, and it is claimed that a part of these redeemed LCP tokens is burned. The presale of LCP token is said to have ended but it may soon restart.

Also read: MDT crypto rises: What is Measurable Data Token ecosystem?

Is Live Crypto Party safe?

For now, the token is not listed on any major price tracking website like CoinMarketCap or major exchange like Coinbase.

Live Crypto Party is a very new entrant, and it is only after careful due diligence that any decision can be made by enthusiasts. Notably, even the biggest crypto by market cap, BTC, had a negative year-to-date (YTD) as of writing.

Data provided by CoinMarketCap.com

Bottom line

Party-to-earn is a concept that the Live Crypto Party project seems to be aiming at harnessing. Notably, the project's LCP token is very new, and how it performs in the coming months cannot be gauged at the moment. Being extremely cautious can be the best road ahead for crypto enthusiasts.

Also read: GMT token rises: How does STEPN differ from other metaverses?

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