LP, NFT & Web3

What is a Loyalty Point (LP) and why was LP created?

What benefits does LP offer?

What is an NFT and how do Comity and ZERO NFTs work?

How are NFTs and Web3 interconnected??

CONTENT

1. What is a Loyalty Point (LP)?

An LP is a loyalty point through which various bonuses are awarded to members who have contributed to the daily usage of ZERO (XRO) coins.

XRO is a cryptocurrency that can be used immediately if desired. Comity Shop prices consist of two parts: XRO + USDT. A Loyalty Point (LP) is earned when $1000 worth of XRO is used within the Comity system.

Here is an example. Let's say you purchase Comity notepads that cost 2400 XRO + 12 USDT. In this case, 2400 XRO will be deducted from the total amount of XRO acquired with the Comity package. So, if you bought a $1000 package, you would have $988 worth of XRO left after this purchase.

LPs are issued to all Comity members in the form of NFTs.

Good to know

The backbone of Comity's business is the ZERO (XRO) coin and the bonuses that we introduce in our presentation. All the main bonuses can be earned without having any loyalty points (LP). LP is just an additional bonus that enhances existing bonuses, increases coefficients, provides privileges, etc.

Therefore, the answer for those who want to be passively involved with our business is: no, you will not miss out on any bonuses if you do not have any LPs and do not plan to collect them through usage.

However, those interested in additional benefits and maximum leverage will, with the help of this information, hopefully gain a better understanding of LP, NFT, and Web3, as well as how they are connected.

2. Why was LP created?

Our goal is to help a large number of people enter the crypto world and build a cryptocurrency that is used daily for consumption rather than trading because it is cryptoMONEY.

To create value through daily use, we have created the Comity Shop and LP.

Since we want to build a strong foundation, it will take some time before we go public with a crypto exchange, making it accessible to everyone. Therefore, the first to create value for today are the Comity members within the closed Comity environment. In turn, these members will also gain the most from the project's success in the long run.

Here are the two main reasons behind LP.

The first reason is to create real value for our cryptocurrency, , already before we go public on a crypto exchange and make it accessible to the masses.

Most projects forget or don't even know why cryptocurrency was created. Cryptocurrency was created to replace fiat money as a means of daily transactions, but this is rarely discussed.

Therefore, our goal is to enable XRO to be used for daily consumption within a closed community before going public on a crypto exchange.

Now, try to imagine what this means for those who hear about it only when we go public and also for those who are already Comity members and have been using XRO for a long time.

Let's assume you are someone who hears about XRO for the first time when we are about to go public on a crypto exchange or just went public.

You hear about a project and a closed community that has dedicated years to making preparations and building a real project, something the world desires and requires. Within this project's ecosystem, there is only one currency – the same currency that this closed community has been using for daily transactions for years.

What signal would this send to you? Anyone with any personal experience in the crypto world knows that it has never happened before that a new coin, upon launch, has already been used for daily consumption within a closed community for years.

When it comes to the crypto world, most people want to buy a new coin at the very beginning, simply to be in the right place at the right time, get a good price, and hope to sell soon at a better price. However, a coin that has been used daily within a closed community for years sends a STRONG signal that something solid is coming, not just a coin that skyrockets because a bunch of people want to make quick money. Rather, we're talking about a strong community and foundation behind the coin, which is daily usage.

In other words, it’s not about one-time buyers but daily users, and this attracts many knowledgeable people who are interested in our project long-term. These are the people who buy and hold, not rushing to sell as soon as the price goes up. Why? On one hand, they understand that building something big and real takes time. On the other hand, they understand that for our project, the real game is only about to start with the public exchange listing.

As a result, many people will buy and hold for years before thinking about taking profits. But now imagine, when a mass of people comes in, most of whom buy and don't sell for several years because they are interested in the project and everything the future holds.

Therefore, everything is planned so that when we go public on the crypto exchange, there won’t be the usual ups and downs, but the direction will only be upwards. The reason why this direction can only go up is that we are building a real long-term product without rushing, thinking about the community and ensuring that cryptoMONEY can be used for daily consumption.

In other words, before we start publicly and give everyone the opportunity, our entire focus is on a strong foundation. This is one of the biggest things that sets our project apart from most others and will sooner or later become clear to people.

The second reason for creating LP is to reduce people's risks and concerns about a new project and to build trust in it.

What does this mean? When someone starts as a Comity member, they have the opportunity to purchase a Comity package, which includes a prepayment for XRO.

Many people fear that the money will be collected, nothing will be done, and in the end, they will lose that money. Since we are building a long-term product and our greatest value is the community with whom we aim to develop a daily-use cryptocurrency, we have created the opportunity for members to spend their coins.

In other words, if a member has made a prepayment of $1000 worth of XRO, they can, if they wish, spend it all on real products and services. This way, they have nothing to lose because they haven't risked anything, yet they have contributed to creating value for XRO.

When you add the benefits that come with holding LP earned through consumption, Comity members are more than happy to spend.

And this is the second very big and fundamental thing that sets us apart from most other projects.

What benefits does LP offer already today?

Billion Pool

One of the available and popular bonuses today is the Billion Pool, where one billion ZERO coins are distributed among all LP holders. The market value of this pool is approximately 8.3 million USD.

The Billion Pool was opened in March 2024, lasts for 24 months, and includes all LPs held at the time and those acquired during this period. One billion XRO is distributed over 24 months, and each member can see in their back office how much XRO is allocated each month.

At the beginning of each month, the amount in the pool from the previous month is evenly distributed among the LP holders. Each LP gives a member an equal share of the pool. If a member has multiple LPs, they receive multiple shares. For example, if a new LP holder joins this month, one more person participates in the pool from this month onwards.

The same logic applies if existing LP holders acquire more LPs at any point. From the month a new LP is added, they receive a proportional share of the pool.

Therefore, everyone can increase their share in the pool for all subsequent months by acquiring new LPs.

What does POOL mean?

In the crypto world, "pool" is a widely used term referring to collective activity, crowdfunding, or collective gathering. A Mining Pool, for instance, is an activity where different cryptocurrency miners combine their efforts to mine new blocks more quickly. A Liquidity Pool is a decentralised cryptocurrency liquidity collection mechanism that helps provide liquidity for asset trading. Participants in a pool can earn returns by staking their cryptocurrencies.

4. What is an NFT?

An NFT, or non-fungible token, is a unique digital asset created using blockchain technology.

What does "non-fungible" mean?

"Non-fungible" means that each NFT is unique and cannot be directly exchanged for another item of the same value. For example, with regular money, one euro can be exchanged for another euro, but each NFT is unique and therefore has a different value.

How do NFTs work?

NFTs use blockchain technology, which is like a large public ledger that records all ownership and transactions. This means that anyone can see who (wallet address) the current and previous owners of an NFT are and when it changed hands. This public information makes counterfeiting very difficult.

An NFT works similarly to cryptocurrency, where counterfeiting or cheating is essentially impossible because all global digital wallets (wallets) associated with the blockchain continuously verify the blockchain's activities.

What is a smart contract?

Smart contracts are automated programs that allow NFTs to be created and managed without the need for banks, notaries, or other intermediaries. They help ensure that all conditions are met and transactions occur smoothly.

How do Comity and ZERO NFTs work?

Comity Loyalty Point NFT opens doors to various upcoming bonuses for you. If desired, you can also sell it later.

The position in acquiring the Comity LP NFT is important as well – benefits may be limited to the first 100 or 1000 LP owners, for example.

Additionally, Comity can distribute and sell various other NFTs that include participation in specific projects. If these projects generate revenue, a pre-agreed percentage of that revenue is distributed among all NFT holders. This dynamic operates similarly to stocks and is a widely used method for crowdfunding projects in the NFT world.

On the other hand, ZERO NFTs serve different functions. For instance, a ZERO NFT may provide you with higher earning potential if you set that NFT as your profile picture on your ZERO account.

Furthermore, a ZERO NFT may grant you early access to exciting projects such as games or other new ventures that others cannot yet access. ZERO NFTs can also be sold if desired.

6. How are NFTs and Web3 interconnected?

NFTs and Web3 are closely linked as both are part of the new generation of the internet focusing on decentralisation and blockchain technology.

The Web3 ecosystem supports the development and proliferation of NFTs by providing platforms and technologies that enable the uniqueness, ownership, and exchange of digital assets in a decentralised and secure manner.

Web3 refers to the next generation or stage of the internet, emphasising decentralised networks and blockchain technology.

Initially, Web1 allowed users to read content. Today, most of us use Web2 technology, which enables content creation. Web2's central feature is the centralised control of platforms such as social media and cloud services, with large centralised servers collecting user data.

Web3 changes this paradigm by offering decentralised, distributed, and cryptographically secure networks where users have more control over their data.

Value transmission and sharing occur through blockchain technology, ensuring not only more freedom but also the ability to truly own digital content.

The concept of Web3 includes various technologies and platforms, including cryptocurrencies, decentralised finance (DeFi), decentralised applications (dApps), and distributed databases.

It provides users with greater privacy, security, and transparency in their internet experiences while reducing dependence on large centralised service providers.