Review Lepasa ($LEPA) Project.

November 09, 2021

Review Lepasa ($LEPA) Project.

Lepasa: Next Generation Fine Art 3D Game Ready NFTs that can be used in any animation, game or video project.

About Lepasa

Lepasa is a mythological virtual life project with a strong vision to build meaningful and mindful Metaverse. In the beginning Lepasa is offering 3D game ready NFTs. Every Lepasa NFT collection is limited edition and each NFT is unique by various characteristics. NFTs are based on Etherum — 721 blockchain and can be collected by $Lepa tokens, An ERC-20 tokens available on crosschain platforms. Lepasa NFTs can be animated and easily used in videos/movies, Art and other gaming projects.

Virtual worlds have gained a lot of attention in recent times be it for leisure or gaming experiences. While the virtual worlds have a lot to offer to its user, one major drawback of the current virtual worlds is that they are centralized.

Lepasa aims to establish a virtual world that would allow its users and content creators to own and tap into the potential of blockchain. Developers will get a chance to create applications, distribute and monetize them on Lepasa.

What is Lepasa?

Lepasa is an NFT platform created by a team of blockchain tech experts and traditional artists who intend to build a mythological virtual life. NFTs on the platform are ERC-721 tokens which can be owned by users on the Ethereum blockchain.

Lepasa is based on a decentralized model as the team behind the platform believes that no single authority should have complete control over the platform or the power to modify rules of the software, its contents, and the economics of the token.

Lepasa’s ecosystem

As mentioned earlier, Lepasa is a community-driven platform that is building an ecosystem for gamers, artists, and crypto enthusiasts. The Lepasa ecosystem consists of:

E-commerce: E-commerce is established around the world and with Lepasa, users can sell real items through their virtual store on the platform.
Tourism: Another industry with major potential is virtual tourism. Artists, students, and researchers can all use Lepasa to create, explore and learn.
Applications: Lepasa’s scripting language would give developers a chance to create applications, games, and dynamic scenes in 3D with the freedom to create objects, load textures, encode user interactions, sounds, payments, and much more.
Digital collectibles: Users on the platform can publish, distribute and collect digital assets on Lepasa. Users can trade on the platform using the scripting system which will be backed by the naming system.
Advertising: Lepasa also provides brands with an opportunity to advertise through billboards near or on land blocks so as to promote their product, service or events. The platform also gives them a chance to showcase their products and engage with the audiences.
Socializing: The platform allows communities to poet their chat groups, online forums or other centralized multiplayer games. Apart from online groups, even offline communities can find a space in Lepasa to gather and interact with each other.

Technology & Architecture -

The proposed protocol has 3 divisions.

Registry Layer - This layer records permanent data of land owners and their content.
Content Layer - Here it brings assets built on top of the land block using decentralised systems.
P2P Layer - Facilitates developer’s, land owner’s users to interact with each other with various channels like text & voice chat.

Land ownership is recorded at the registry layer, where land content is referenced through a hash of the file’s content. From this reference the information can be downloaded from IPFS. The downloaded file contains a description of objects, textures, sounds, and other elements needed to render the particular scene. It also contains the URL of a rendezvous server to coordinate connections between P2P users that are exploring the tile simultaneously.

Registry Layer

Ethereum smart contract (ERC-721) to maintain a ledger of ownership records for land blocks. These non-fungible digital assets can be called as LAND: each LAND has unique (Direction, Zone#,Land#,) coordinates, an owner, and a reference to the content description file, which encodes what the landowner wants to serve there. Lepasa clients will connect to the Ethereum network to fetch updates to the state of the LAND smart contract. LAND is claimed by LEPA, a fungible ERC-20 token of fixed supply. And every swap burns LEPA to create scarcity of the token. This token serves as a proxy for the cost of claiming a new land block.

Content Layer

Lepasa uses a decentralised storage system to distribute the content needed to render the scene. For each block that needs to be rendered, a reference to a file with the description of the block’s content is retrieved from the smart contract meta data. As of today the Inter-Planetary File System (IPFS) that provides a mature solution for the requirements, shall be used. This decentralised distribution system allows project to work without the need of any centralised server infrastructure. This allows the world to exist as long as it has contributors distributing content, shifting the cost of running the system to the same actors that benefit from it.

However, hosting these files and the bandwidth required to serve this content has costs. Sooner, this infrastructure cost can be covered by the use of protocols like Filecoin. Until this technology becomes mature. The sale of LEPA shall cover these costs over the period.

P2P Layer

Peer-to-peer connections are required to provide interactions between users, as well as programmes that the landowner wants to run inside the block. To coordinate the bootstrap of peer-to-peer connections, landowners will have to provide rendezvous servers.

The maintenance of these servers can be incentivised the same way as content servers. When lightweight protocols like STUN13 can cover the functionality required from the server, the costs would be fairly low. The social experience of users in Lepasa will include avatars, the positioning of other users, voice chat, messaging, and interaction with the virtual environment. The different protocols used to coordinate these features can work on top of existing P2P solutions like Federated VoIP or WebRTC.

$LEPA TOKEN FOR ECOSYSTEM

Lepasa legendaries are exclusively crafted for the Lepasa community and can be grabbed with $LEPA tokens only.

High Liquidity: The $LEPA token provides enough liquidity to project for swapping between NFT and token

Hyper Deflation: Each swap burns $LEPA token, that ensures continuous scarcity.

Staking: Hold $LEPA tokens and stake to earn rewards.

Crosschain: Access $LEPA on multiple public blockchains.

TOKENOMIC

It is important for you to know the token economy and how we will use the funds.

Total Supply: 100 M

Initial Circulating Supply: Less then 10%

Listing Price: $0.15

Publicc Sale: $0.10

Token Distribution

Everything you want know about Lepasa Token Distribution.

1 % Public sale — Price: $0.10

Listing Price — $0.15

Strategic & Private Distribution — 10% shall be vested on-listing, Then daily vesting over a period of 365 days.

Foundational Reserve — After 1 year, Daily vesting over 365 days.

Marketing & Business Development — 10% vested on listing, Then daily vesting over 365 days.

Liquidity — 10% of the total supply is allocated for liquidity.

Team — After 1 year, Daily vesting over 365 days.

Advisors — After 1 year, Daily vesting over 365 days.

Fund Usage

This is how the funding is going to be used.

40% of the funds will be used to support the development.

Marketing actions such as go-to market strategy will account for 20% of the total funds raised.

Legal and Accountancy will represent 10% of the total funds raised.

30% of funds will be used to provide liquidity to exchanges.

CertiK Partners with Lepasa

Lepasa is primarily based on Ethereum blockchain and $Lepa token is hosted on ERC-20 Smart Contract. The token will also have bridge service with cross-chain platforms.

CertiK will be auditing Lepasa Smart Contracts and providing detailed information on how transparent and crystal clean integration we have done with Ethereum Smart Contracts.

Lepasa has total of 7 ERC-20 Smart contracts. The auditing process will include all Lepasa ERC-20 Smart Contracts as mentioned below:

Lepa Token Contract : This contract represents token generation, distribution and burning methods.
Strategic : This contract holds the strategic partners allocation and vesting methods.
Team : This contract holds tokens for founding team allocation and their vestings methods as mentioned on website.
Marketing : This contract holds token distribution for marketing and ecosystem building distribution with their vesting methods.
Advisors : This contract holds distribution for Lepasa advisory board and its members with their vesting method, which is 1 year lock in and then vesting for 365 days.
Foundation : Lepasa has reserved 10% tokens as foundational reserve and they are locked for 1 year and than daily vesting for 365 days. This contract holds its vesting methods.
Liquidity : This contract holds distribution and methods for liquidity providers and their vesting.

Auditing certificates help new users to count projects seamlesly. It also rubosts projects reputation on the grounds of trust and transparency. Live track on the process and certificates after completion of the audits can be found here.

Conclusion

As mentioned earlier, Lepasa has been built with the vision of creating a mythological virtual world with unique fine art 3D NFTs that give users not just an image but access to actual source files. These source files come with a plethora of possibilities from games, videos, pictures to other NFTs.

The utility token on the platform too, has a limited supply thereby carrying the potential to give huge returns to investors both in the long and short terms. Lepasa is also being featured on CoinMarketCap and NewsBTC apart from partnering with Polygon|Matic