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Augmented reality (AR) is a live view ofa real-world environment overlaid with a computer-generated interface. Lucyd is launching the LCD token generation event to decentralize the AR revolution. We are designing next-gen smartglasses that correct many of the issues plaguing currently available products, and a blockchain app ecosystem to support them. Lucyd Lens smartglasses will evolve your vision, by seamlessly merging valuable data with your sight.
The mind is keen for visual information. “More than 50% of the cortex, the surface of the brain, is devoted to processing visual information,” according to Professor David Williams at the University of Rochester. Lucyd is poised to satisfy this need, and usher in a new era of visual exploration with Lucyd Lens. We believe the knowledgeable team, revolutionary technology, and innovative blockchain behind Lucyd all contribute to its potential for success. Lucyd has a technology advantage in the AR arms race because it has 13 advanced patents and a team of optics experts that will allow for the development of a uniquely powerful pair of smartglasses. Lucyd Lens will be the first that is lightweight, ergonomic, wire-free, comfortable, encompassing, auto-adjusts to lighting conditions, accommodates corrective lenses and appears like a normal pair of glasses. It will be an interactive AR peripheral that can display Android and iOS content in AR, while also supporting Lucyd-native content.
Lucyd is launching the LCD token to bring you the glasses of the future, and create an organic ecosystem for their growth. The goals of the token generation event (TGE) are to collect the funding needed to develop a pre-production prototype of Lucyd Lens, as well as to create the Lucyd Lab
blockchain. Lucyd Lab will drive 3rd party native app development and user engagement with LCD, which can be used to purchase AR products from.
LCD Token
Lucyd is offering a new token named LCD, which is an opportunity to help develop and experience the next big thing in AR. This is possible because Lucyd has 13 synergistic patents and a team of optics and AR experts which enable the manufacture of Lucyd Lens, a pair of lightweight AR smartglasses. With its powerful IP, Lucyd Lens is in a strong position to be the standard in wearable displays, and a foundational AR ecosystem.
Acquiring LCD
To accelerate organic adoption and development of Lucyd Lens, we created the Lucyd Lab AR blockchain. When a 3rd party developer creates new Lucyd-native content, they register it with the Lucyd Lab store. This creates a new block for that app, which then releases LCD to the developer based on the community impact of the app. This is an additional bonus atop traditional app revenue. Community users of Lucyd content are also given LCD for actions like
Spending LCD
LCD tokens may be used to purchase Lucyd hardware and native content when available. LCD will also function in Lucyd promotions. For example, the first 500 units of Lucyd Lens will be reserved for purchase via LCD only, so owning LCD gives you an opportunity to be among the first to wear them. Although actual production costs may vary, Lucyd estimates 5,000 LCD will be able to be exchanged for one basic pair of Lucyd Lens. LCD can also be sold to token exchanges for other tokens and fungible currencies, and transferred inLens. Lucyd plans to design developer tools, productivity and entertainment apps made natively for its smartglasses, available via the Lucyd Lab store in-Lens. Such apps would be eligible for purchase via the LCD token. Our goal with Lucyd Lab is primarily to drive 3rd party native app development and user engagement with an automated reward system.
Lucyd Technology Overview
Introduction
AR is so disruptive because it’s going to improve how we interact with information, the environment and the Internet making it seamless, transparent and more efficient. Rather than staring into a screen, Lucyd projects a tablet-like interface in front of you, reducing eye strain and poor posture. For the first time, everyone will be able to enjoy AR without the headache. Lucyd Lens will be the glasses of the future, a truly next gen product that will evolve the way you see the world.
Projected Features
Lucyd owns exclusive licenses to 13 disruptive AR patents that we believe solve many of the issues troubling the AR space. Some notable features:
A flush, unibody design for a discreet, customizable look. Existing AR devices are notorious for drawing unwanted attention.
All circuitry is contained within the frames, so it looks and feels just like a normal pair of glasses.
Can be outfitted with prescription lenses.
Lens-integrated, stereoscopic LCD microdisplays for a long battery life and ergonomic feel.
Bluetooth connection to iPhone/Android to experience your favorite apps in AR.
Integrated microphone and bone-conducting speakers for easy calling and voice control.
Can be connected to Bluetooth peripherals such as speakers and keyboards.
Integrated front camera for photo/video capture.
Navigate handsfree with custom controls among eye tracking, voice control, and finger tracking input options.
An up to 120° display arc for HD AR graphics, over 2x larger than currently available AR displays.
Summary of Lucyd Lens Unique AR Features
The Lucyd Advantages
Lucyd is an early stage venture, with its mission, team and objective focused on developing next-gen smartglasses with its portfolio of synergistic patents. We believe Lucyd’s IP blueprint, science advisory board, experienced team and innovative blockchain provide the company with the foundation needed to create a competitive advantage in AR.
Launch Summary
LCD Token Generation Event Timeline
LCD Token Info
Total LCD tokens to be created: 100,000,000
Available during token event: 50,000,000
Reissuance: Never
Token name: LCD
Fundraising goal: $10mln USD
Soft cap goal: $1.5mln USD
Token presale start: Oct. 17, 2017 at 8:00 A.M. GMT
LCD presale discount: 40%
Initial presale price: 1 LCD = $.15 USD
Presale end: October 31, 2017 at 8:00 P.M. GMT (Or
when token allotment is depleted)
LCD available in presale: 25,000,000
Token event start: October 31, 2017 at 8:00 P.M. GMT
(Or when presale sells out.)
Initial LCD sale price: 1 LCD = $.25 USD
Token event end: February 28, 2018 at 8:00 P.M. GMT
LCD tokens issued at end of sale.
Accepted currencies: All major currencies, including
USD, BTC and ETH.
No mining available.
Implied market value of all LCD tokens: $25m USD
End date will be earlier if LCD supply is depleted.
Unsold tokens will be burned.
Token wallet address: lcd.lucyd.co
LCD Exchange Rate
Users will be able to purchase Lucyd products and services using LCD. The value of LCD Tokens, and how much LCD will be required to purchase a Lucyd product or service, will change dynamically based on the floating exchange value of LCD. An average exchange rate value will be calculated periodically and used to price Lucyd goods and services for its users.
Potential Future Revenue Streams
In the development phase, all costs will be fully paid by Lucyd. In the production phase, product sales, app sales and licensing may provide opportunities for additional revenue. A portion of this revenue will be reinvested back into product development of Lucyd Lens. As consumers become aware of Lucyd through our marketing campaigns, network effects should increase accessibility to markets, and result in further revenue growth from product and app sales. Our marketing efforts will focus on expanding the Lucyd brand and increasing revenue from our offerings.
Projected Token Distribution
Of 100,000,000 LCD, 50% will be distributed to the community in a public token event, Lucyd will retain 30% for long-term development including blockchain (locked for six months from TGE end), 10% will be provided to early team members (locked for one year after TGE end), and 10% will be distributed over time to vendors and Token Generation Event supporters.
Crowdfunding Terms
LCD is a token issued on the Ethereum blockchain. Its design follows widely-adopted token implementation standards. This allows token holders to easily store and manage their LCD tokens using existing solutions including Myetherwallet.
LCD project crowdfunding and LCD token creation will take place using Ethereum smart contracts. Participants willing to support the LCD project development will send funds via the LCD wallet at lcd.lucyd.co. Token event participants will be able to send funds only after the start of the crowdfunding period. Crowdfunding will finish when the specified end block is created, or when the funding cap is reached.
The LCD Token Generation Event will proceed through the native LCD application using an Ethereum smart contract.
No token minting will be done after the crowdfunding period. At the end of the token event, LCD token creation will be closed permanently. All unissued tokens will be burned.
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