LIF traded on OpenLedger DEX
Líf is the token of the Winding Tree platform. Winding Tree is a blockchain-based distribution platform for the travel industry.
Today, the travel industry suffers from highly concentrated distribution, forced on the industry by the necessity for a trusted partner online. This requirement has allowed intermediaries to concentrate the sector, raising the barrier to entry for startups and reducing margins for established companies. In travel, consumer-facing intermediaries will often source their inventory from other B2B intermediaries, resulting in double marginalization, inflated prices and market inflexibility.
The fuel of the platform is the Líf token. Líf is an ERC20-compatible token, which also allows travel companies to send information within transactions. Compared to the basic ERC20 token, Líf tokens will have three additional methods through which the token holder is able to send value, data, and/or execute a function on those transfers. This brings extra value and use cases to the token, allowing companies to design more complex and tailored applications on Winding Tree platform.
All the best
The OpenLedger team