A meme token named “LOVELY” was all over the crypto space quite some time back, and you must have come across its name, surely. “Lovely” can also be translated as adorable, which is a cool way to introduce itself and connect with its community.

While it uses wordplay for a lighthearted touch, Lovely Finance, with the token name LOVELY, strives to equip its community with smart contract-driven tools for maximizing mutual advantages.

In this article, get a brief overview of Lovely Finance, its core value, features, tokenomics, and how to buy it in India!

About Lovely Finance

Lovely Finance is a decentralized meme project built on BEP-20 technology. It is designed to establish equitable distribution through a Proof-of-Stake (PoS) consensus, all while minimizing energy and computational inefficiencies.

4 Principles of the Lovely Finance Project

At the core of the LOVELY Token project lie four fundamental principles:

• Absolute transparency;
• Tight-knit community;
• High level of trust;
• Confidence in the project’s promising future.

Key features of Lovely Finance

• Security & Reliability:

LOVELY has impeccable safety and a thoroughly audited foundation. This transparency fosters a sense of trust in the community, instilling confidence in owners and investors. When considering investments, security comes first, and Lovely Finance always prioritizes this.

• Community Standard:

Through complete decentralization, individuals can engage in peer-to-peer transactions without the need for any financial intermediaries. Lovely Finance is community-driven and funded by donations. It supports community empowerment and upholds and appreciates all endeavors benefiting the community, be it development, marketing, or something else. Transparency remains integral.

• Lovely Stake:

Within the official NFT/Defi marketplace, LOVELY STAKE, token holders can deposit their lovely tokens to acquire exclusive NFTs crafted by local artists. This bolsters community support and utilizes profits towards fostering Lovely’s growth, with artists also receiving rewards.

• LOVELY SWAP:

Seamlessly facilitated by its DEX, LOVELY SWAP enables users to trade BEP20 LOVELY tokens for BUSD and BNB, offering enhanced liquidity and ease of exchange.

Tokenomics of Lovely Finance (LOVELY)

Total Supply – 75T LOVELY

Circulating Supply – 69.75T LOVELY

Market Capitalization – $14.82M

24-Hour Trading Volume – $192,028.63

Price – $0.0000002124 per LOVELY token

(Data is taken from Coinmarketcap as of 3rd July 2024)

The LOVELY token operates with a total supply of 75 trillion tokens, and its estimated fully diluted market capitalization is currently valued at $9.91 million.

Lovely Finance has devised a strategy to enhance the token’s value by conducting quarterly coin burns through a smart contract inspired by Binance’s burn function. The company intends to utilize 15% of the profits from trading fees each quarter to repurchase tokens and execute burn events until 55% of the total token supply has been burnt.

Now, let’s quickly see how you can buy LOVELY tokens in India in 2024.

How to Choose a Good Crypto Exchange in India?

You need to do thorough research when using a crypto exchange to invest or for crypto trading in India. You must research the legitimacy of the platform and the credibility of the team behind it before deciding on an exchange to invest in Lovely Finance (LOVELY) crypto in India.

You should also ensure the platform provides the following before investing in a LOVELY token:

• The exchange’s website/app has a simple user interface and is easy to use.
• The exchange supports Lovely Finance (LOVELY) trading pairs.
• The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
• The exchange offers reasonable trading fees to buy crypto in India.

So, here’s how you can buy LOVELY in India in 5 easy steps.

Buying Lovely Finance (LOVELY) in India

Below are a few simple steps you can follow and buy the LOVELY tokens in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy LOVELY tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy LOVELY using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling LOVELY, you must sign up for an account on the WazirX platform. If you already have an account, you can log in directly.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up for the WazirX platform, you’ll get a verification link in your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy LOVELY through P2P to the WazirX wallet. The LOVELY will act as funds to help you buy your favorite cryptos.

Step 5 – Finally, buy LOVELY on WazirX.

You can now easily purchase LOVELY tokens using INR Deposits. In the case of P2P trade, check LOVELY to USDT here and LOVELY to INR here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

The order might take a few minutes to complete, but as soon as it is executed, you will receive the LOVELY Tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.