It’s not every day that an ICO comes around with thirteen patented technologies to enhance the smartglass space that’s expected to boom. By introducing their token LCD, Lucyd endeavors to make the future of augmented reality glasses and apps decentralized.
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With the traditional market realizing that AR is no gimmick, but rather an accelerating trend. Market research experts estimate that the AR space will be worth 134 billion dollars by 2021. In the nascent stages of this technical revolution, Lucyd has procured the worldwide exclusive rights to thirteen patents from the University of Central Florida that optimizes AR glasses.
These patents allow for a sleek design with familiarity. Wearing Lucyd glasses is expected to be like wearing normal prescription glasses. These innovations come as a relief to prospective users who expect glasses to be comfortable to wear. Not only will Lucyd’s designs comfortable to wear, they will allow for prescription lens wear as well.
The glasses will also provide up to 120° field of vision which is vastly superior to the Lumens head mounted display (HMD) which is expected to provide 55° or the Google Glass which yields 54°. By cutting down the size of the AR frame, Lucyd is also able to cut down the weight as well as the light leakage, which in turn is expected to provide better optical resolution and extended battery life.
Innovation doesn’t just stop with the frame size. Lucyd’s head mounted display will connect with your smart phone, an improvement that allows for energy efficiency as well as access to your handheld operating system whether it be Android or iOS.
LCD is used to organically motivate user and developer engagement with Lucyd smartglasses. It accomplishes this through the Lucyd Lab blockchain, on which new AR content & apps are registered. Blocks then release LCD to developers based on user ratings of their content, and to users based on their feedback to the developer community, and participation in ads and promotions. LCD can be used to purchase AR products from Lucyd and other developers, as well as bought and sold on token exchanges.
Lucyd will release 50 mln tokens in the total sale, out of which 25 mln are on offer at the presale price of 1 ETH=2,133 LCD. The regular sale LCD token will be valued at 1 ETH=1,280 LCD (Oct 31st or when the pre-sale pool of 25 million LCD is sold out).
Another 50 million LCD is designated to support long term development (30 million LCD), reward third party developers (10 million LCD) and the management team (10 million LCD – frozen for 12 months). LCD will go on sale exclusively for Ether. All the money raised by the ICO will go into development of a prototype, business development, administration and legal compliance. Following the roadmap set for the development of Lucyd Lens, Lucyd expects the prototype to come out in early 2019.
The first 500 pairs of Lucyd smartglasses are reserved for LCD holders who have given over 2.35 ETH, giving token sale participants a chance to be among the first to wear them (you will need to return the purchased LCD to Lucyd to get them). LCD tokens may be used to purchase Lucyd hardware and native content when available. Although actual production costs may vary, Lucyd estimates 5,000 LCD will be able to be exchanged for one basic pair of Lucyd smartglasses. LCD can also be sold to token exchanges for other tokens and fungible currencies. Lucyd plans to design developer tools, productivity and entertainment apps made natively for its smartglasses, available on App Store/Google Play. Such apps would be eligible for purchase via the LCD token.
Lucyd’s team, led by Konrad Dabrowski, Eric Cohen, and Harrison Gross, is very confident in their published patented technology allowing for a seamless, ergonomic user experience. It is a rare ICO with patents and an experienced team including five Ph.D.’s.. The research professor that developed the thirteen patents, Janick Rolland Ph.D., works as a science advisor and optics expert. Dr. Rolland has already developed the central optical system that will be utilised by Lucyd. The optics team is led by Dr. Mike Kayat, who is a physicist and a business development executive with 20 years of experience in development and marketing in advanced optics. Dr Clifford Gross, Strategic Commercialization Lead, is an experienced executive and entrepreneur who founded three public companies and is a named inventor on 19 issued patents from his research.
Professor Hao Li is a Lucyd science advisor, and a well-recognised AR expert. His work revolves around dynamic shape reconstruction, real-time facial and body performance capture, 3D hair acquisition and garment digitalisation. Dr Chris Harrison, also a science advisor, is an expert in AR and Human-Computer Interaction at Carnegie Mellon, while recently added Pedro Lopes is an expert in Haptic AR and a Human Computer Interaction Researcher at the Hasso Plattner Institute, Germany.
Lucyd ensures that they will only have a sale like this once. Any tokens not sold are kept in the team’s storage. The pre sale which is capped at 25 million has already started this Oct 17.