LeisureMetaverse issued its own utility token, the LM token to energize the trade of NFTs and increase their valuation of NFTs.
LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum.
As an NFT minting & trading DAO platform, the Leisure metaverse platform is designed to overcome the limitations of existing blockchain platforms such as scalability, gas fee, and awkward UX. Using Tendermint style proof of stake PoS) based Byzantine Fault Tolerant BFT) consensus algorithm, the LeisureMeta chain has attained 1,000 TPS and transaction finality at once. The Bloom filter is used to distinguish known transactions between individual nodes to enhance the efficiency of networking by transmitting unknown transactions only. With multiple private key paring systems, the UX was improved by assigning individual private keys for users “s each device.
LeisureMeta blockchain reduced the block time to 1 sec with Conflict-free Replicated Data Type (CRDT) structure to eliminate the ordering between Intra block transactions. Consequently, the computing power required for the blockmaking process has been significantly minimized.
