02-14-2024— Lif3 Update

8 min readFeb 14, 2024

HAPPY LOVE LIF3 and Valentine’s Day to all!

It’s been an exciting year already in 2024, Bitcoin officially crossed $51,000+ USD, Ethereum has passed $2,700+ USD and LIF3’s trajectory upward is only getting started!

This is the first Tomb Tuesday | Lif3 Wednesday update of the new year, and it’s been a wild ride as we are close to the end of the bear market with an early start to the new bull market cycle.

There is so much positive news that has happened this year already for crypto. Starting first, of course, with the Bitcoin ETFs getting approved, Bitcoin recaptured its $1 trillion market cap, and alt-season is just around the corner!

More importantly for our LIF3 and Tomb communities, the migration of our home chain from Fantom to Ethereum has been completed! This move was the first of its kind in all of crypto and DeFi. We first and foremost have to thank our partners over at LayerZero, since this now lays the foundation for bigger things to come over the next 24 to 48 months for the LIF3 Protocol.

The migration to Ethereum as the home chain makes it possible to have all assets stored on Ethereum natively, and bridging LIF3, LShare and L3USD to Fantom, BNB Chain, and Polygon is just the start on all the chains our protocol will support.

Another major milestone post Ethereum migration was the listing of LIF3 on Bitfinex! Bitfinex is one of the top 10 exchanges in the world, certainly one of the longest-running, and, in our opinion, the best professional traders exchange. Think of the Interactive Brokers of Crypto — that is Bitfinex. Bitfinex is also run by the same team that runs Tether (USDT), the best and number one stablecoin on Earth!

On the events side, the Lif3 Team has been traveling near and far to get the word out about all things Lif3, the “Lif3 Wallet," Lif3 Chain, and L3USD. ICE was the latest conference in London, and it was a major success. Lif3 will continue its efforts to build its brand awareness.

Since we are past the bottom (possibly), these are the Price Targets for the start of the Next Bull Run!
LIF3 | Tomb
1 LSHARE & TSHARE => 1 ETH
1 LIF3 & TOMB => 1 FTM

Timelines:
- Super-Short-Term: Days, Weeks, < 1 Month
- Short-Term: 1 to 2 Months
- Mid-Term: 3 to 6 Months
- Long-Term: 6 Months +

Lif3 on Bitfinex Update:

The Lif3 Team finalized a new listing on Bitfinex. LIF3 is now available for deposits and trading on Bitfinex. LIF3/USD and LIF3/USDT went live on January 25th at 1:30 PM UTC. Bitfinex has been around since 2012, and it’s a privilege to be listed on their exchange. You can start your Bitfinex trading here: https://www.bitfinex.com/

LIF3/USD here: https://trading.bitfinex.com/t/LIF3:USD

LIF3/USDT here: https://trading.bitfinex.com/t/LIF3:UST

Read More about the Bitfinex Listing here: https://lif3.com/news/lif3-listing-on-bitfinex-2024-01-25

Migration Updates:

The long-awaited migration from Fantom to Ethereum is complete! Between new contracts, tokens, pools, chains, bridges, etc… it has been a massive undertaking. Having Ethereum as our home base and integrating the power of LayerZero into our ecosystem will prove to be some of the best upgrades we could ever make.

Migration includes new pools and new Fountains (more on new Fountains below). We took this opportunity to upgrade the new pools to UniV3. Users can break old LPs, convert tokens, and then make new LPs.

Trading on BitMart has resumed after halting for the new token migration. All current BitMart users don’t need to do anything. BitMart has converted your legacy tokens to new LIF3 tokens on Ethereum. Deposits on Ethereum are now live, and all users should double-check their deposit addresses. Fantom, Polygon, and BNB Chain deposits may come at a later date.

A major liquidity shift has begun, and we already see over $3M in liquidity for LIF3/WETH on Ethereum:

https://www.geckoterminal.com/eth/pools/0xb5761dbce0b6dad590c46b6e95839d60f0b888e8

Liquidity will grow even more, not only on Ethereum but also on Fantom, Polygon, and BNB Chain. The Converter is part of this process. The Converter allows a 1:1 swap from OLD tokens to NEW tokens. Your patience is appreciated while we refill the contracts.

Convert Page: https://lif3.com/convert

How To Convert Legacy $LIF3 to New on Lif3.com: https://youtu.be/adVBovGtlLg

Air Drops

As we are starting into the new bull market season, the one constant question that we keep hearing OVER and OVER again is with Air Drops. Just to be clear, we have NEVER forgotten air drops. WE HAVE HEARD YOU. For the record, we’re happy to Air Drop 0’s and 1’s with a logo, but it is better to do air drops STRATEGICALLY and with purpose, otherwise we are just creating a bunch of garbage on chain. “How you do something is how you do everything.” Each airdrop that we do will have purpose, community engagement and a story behind it so stay TUNED!

Logistically speaking, the question of course remains which airdrops and which chain to air drop ON. We will be taking a poll over the coming weeks on airdrops to see which chains people prefer to have them on. Originally, the plan was to release them on LIF3 Chain when it was ready but we are open to community suggestions since LIF3 Chain is expected to be released in Q2 to Q3 of 2024.

Lif3 Gaming and Esports:

The Lif3 Team has been working on marketing and brand awareness behind the scenes. The Team recently sponsored an Esports Super Cup event. This was a Mobile PUBG tournament sponsored by Lif3.com with over $70,000 in prizes. They streamed for four days for hundreds of thousands of viewers. It was quite an event. There is a Gleam event that is still live. You can check that out here: https://gleam.io/FmUOW/metanews-community-builder

Genesis of $LIF3 on Ethereum:

Genesis of $LIF3 on Ethereum has come to a close. With just over $1M between $WETH, $USDT, and $BTC, Genesis was a success. Thank you to all for participating. As a reminder for those who don’t know, the reward for single-staked tokens was the new $LIF3 tokens. Work is underway for the next pieces to the Lif3 puzzle. Stay tuned for new pools, new Fountains, etc.

Fountain News:

As mentioned above, part of the overall migration process involves the Fountains. The current Fountains are disabled while we prep for the new Fountains to take their place. A brand-new Fountain on Polygon will be live soon, with a redeployment of the Fountain on Tombchain to follow fast on its heels. This ongoing process will include the token converter for $LSHARE on the user’s end. When everything is live, we will let you know.

Lif3 Wallet Updates:

In early 2024, Lif3 Wallet got its latest update, Update 1.0.19. Available now for all iOS and Android devices. The update reflects the teams’ ongoing support for the Lif3 Wallet app and includes the following improvements:

- Add New token support
- Browser Update
- UI Updates and improvements
- Bug Fixes
- Performance Improvements

Download here for your respective device.

iOS: https://apps.apple.com/us/app/lif3/id6444389674

Android: https://play.google.com/store/apps/details?id=com.lif3.wallet

Lif3 Support:

Lif3 Support is online and ready for users to explore. Lif3 Support is filled with easy-to-follow guides, articles, and videos that cover the Lif3 Ecosystem. Additional articles will be added as the Lif3 ecosystem grows and expands.

As mentioned above, the Convert page on Lif3.com is where you need to convert your OLD tokens to NEW tokens. The team has created a walkthrough video to help you through the process. By the end of the video, you should have all the information you need to convert on Fantom, Polygon, and BNB Chain.

Convert Page: https://lif3.com/convert

How To Convert Legacy $LIF3 to New on Lif3.com: https://youtu.be/adVBovGtlLg

Featured Article: How To Convert Legacy Tokens to New on Lif3

https://support.lif3.com/hc/en-us/articles/8817106301711-How-To-Convert-Legacy-Tokens-to-New-on-Lif3

As a reminder:

How to Backup Your Lif3 Wallet:
https://support.lif3.com/hc/en-us/articles/7620601325199

Lif3 News — Stay Up to Date:

Our latest addition to the Lif3.com website is the News Tab; this can be found by navigating to Community > Read Weekly Updates or simply using the link below. We have begun adding relevant articles that reach beyond our little corner of the market and appeal to a much wider audience. The first article can be found below. Give it a read, and do let us know your thoughts.

Lif3 News: https://lif3.com/news

The SEC Approves Spot Bitcoin ETFs: https://lif3.com/news/lif3-news-the-sec-approves-spot-bitcoin-etfs-2024-01-14?chainId=1