Singapore-based Lucyd has partnered with Credencys Solution, sharing a vision of making augmented reality a thing of the present. The strategic alliance will combine Lucyd’s blockchain-based ergonomic smart glasses with Credencys Solution’s AR apps.
Lucyd represents developing ergonomic smartglasses and a suite of apps to power them. The Lucyd blockchain platform is designed to facilitate the creation, sharing and usage of the AR content.
Credencys Solution in its turn stands for delivering simple and efficient software solutions that support the development of growing businesses. With agile work practices and design driven approach, the company supports enterprises in expediting their digital transformation initiatives. These initiatives often include adapting to the latest advances in emerging technologies such as AR/VR, mobile and IoT.
Combination of the hardware and AR apps is expected to make the whole ecosystem easier to use for the final consumer.
As Harrison Gross, Media Lead at Lucyd, commented:
“We are very excited to work together with Credencys Solutions, and supporting their AR apps on the smartglasses we are developing. We think Credencys Solutions AR applications will be more enjoyable to use on a smartglass platform, allowing users the ability to engage with the software while looking at the world.”
Sagar Sharma, CTO and Co-Founder at Credencys Solutions, added:
“We have been creating AR/VR apps for over five years, and appreciate that the delivery vehicle, (hardware), is the most important aspect when delivering the right experience for the consumer. Lucyd’s excellent IP, supported by the right ecosystem allows apps to be created for variety of purposes. We are very excited and are looking forward to creating apps on Lucyd.“
In order to improve further development, Lucyd has created 100,000,000 LCD tokens, 50,000,000 of which will be available for purchasing during the period of official ICO. The company plans to raise $10,000,000 via its croudsale, with a soft cap of $1,500,000. Tokens will be sold at a price of $0.25 per one.
Tokens will be issued when the sale concludes. The tokens purchased by staff will be locked for 12 months to prevent insider trading. All the unsold tokens will be burnt.
What is more, Lucyd offers bonuses for contributors. These bonuses are of different ranges. For instance, a contribution of $600 allows to gain extra 10% of LCD, while contributions of $18,000 and above give 35% bonus.
On top of this, they will have a complimentary pre-order of the beta version of Lucyd smart lens. Lastly, the top 50 contributors will be rewarded with 1 out of 50 platinum colored legend lenses, a 3 year warranty, and a 40% bonus on top of their contribution.
The ICO sale has stated on October 31st, 2017 and will last until February 28th, 2018. Among the accepted currencies for payments are USD, BTC, and ETH.
Users will be able to see the first developed hardware prototypes in September 2018. The accompanying iOS and Android apps are also expected to be designed. Focus group testing will be held in October 2019, and will be followed by official launch of Lucyd lens to LCD holders.