Developer ElephantCandy has released LiveFX – a new Korg Kaoss pad style effects processor for the iPad.

LiveFX Features:

• Hook up any source or even use an other app with Audiobus
• Control multiple effects in realtime using the intuitive LiveFX touchpad
• Create your own LiveFX combinations and use up to four effects at once
• Use multi touch to create an auto dynamic effect
• Use one of the many preset-banks or save your own
• With Audiobus access those presets from within an other app
• Make your own effect combination from the countless possibilities
• Lock button holds the effect settings, for dazzling hands-free use
• Versatile and highly playable effects control, delivering unimaginable expression
• New Looper effects – Forward, Reverse and Slice – add new audio intensity
• Mix it up with new DJ emulation Vinyl Break and Ducking Compressor effects
• Auto BPM detection and Tap Tempo keeps your LiveFX locked to the beat

The developer is using a unique approach to selling LifeFX. You can download the app for free, but it has limitations. If you like it, the full app is a $8.99 in-app purchase. [Synthtopia]