[ICO] Lovr

  • Hi dears, another interesting project is being started. First of all, for who missed the previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly. 

    All this racket of cryptocurrency has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of blockchain technology.

    The blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

    So, why Blockchain? The reasons why more and more sectors and services use blockchain technology are many and all valid. This helps reduce fraud and pave the way for trust while tracking the accountability of trust, while tracking the accountability of the processes that took place beforehand. It also facilitates sharing, since you can share the transaction history. The chain of blocks also leaves room for the development of the ledger. Once executed, the records cannot be deleted and are immutable. The only thing that must be done after committing an error is to execute another transaction to compensate for it. Finally, the blockchain technology is splintered, which makes the process very authentic. The more data is shared, the stronger the network becomes. In short, The blockchain is a p2p transaction model that does not require a third party during transactions and revolutionizes the global landscape of digital payments. With origins in Bitcoin, the applicability of blockchain technology now extends far beyond digital payments; It extends to many different industries, including the financial, governmental, healthcare and telecommunications industries.

    After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc.

    As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. 

    The oldest profession in the world continues to operate in the old and in the shade. Due to discrimination in the financial landscape of the adult industry, working conditions and circumstances are in a horrible state. The basic problems are described in the following table:

    DiscriminationService payment transactions in the adult industry depend 
    heavily on cash or involve high commissions, due to discriminations of payment providers.
    Government regulationsAlthough the size of the traditional adult industry market 
    is huge, government efforts to ensure safe execution in the traditional market fail.
    Lack of innovationThe horrible stigma of the adult industry kept venture 
    capitalists away from investing in innovations and left traditional industry in the Stone Age.

    For this reason, I want to introduce you to Lovr Project, which believe that, regardless of the profession, all human beings should be treated equally thanks to the technology of the block chain. With the new technologies, the industry benefits from decentralization, putting an end to the discrimination of intermediaries in the past. Lovr (LVR) (https://lovr.network/) is a solution for payment transactions in the industry, also solving the problem of the consensual exchange of discrete services for payment, with the ability for companies and individuals to take advantage of the opportunity to participate in a decentralized structure.

    Lovr develops a globally accessible booking platform that enables reliable reservations of services for adults and eliminates weak points such as invasion of privacy, account hacking, unwanted requests and much more. By addressing the aforementioned problems that currently arise within the online and offline reservation platforms of the industry, Lovr takes advantage of the possibilities of the blocking chain and eliminates the high charges of other payment providers. In this way, Lovr solves the problems that arise with the way in which payments are handled in the adult entertainment industry through current methods and develops new applications and gateways that provide solutions to the lack of an anonymous option for both consumers as well as suppliers.

    The main goal of Lovr is to bring the power of the block chain to payments both in the adult business online and offline. The Lovr ecosystem consists of the LVR cryptocurrency and the Lovr application, which are a great asset for each industry. A cryptocurrency needs real value through valid use cases through decentralization, which is where others have already failed. The adult entertainment industry is determined to use a cryptocurrency, which is called LVR.

    With the introduction of blockchain technology, the mechanism of Lovr would be as follows:

    Captura de pantalla 2018-07-18 a les 21.11.43.png

    The platform has four main characteristics that make it special:

    Basic Payment SystemA condensed Intelligent Contract, which leaves room for a wide range of use cases to transfer payments securely and anonymously.
    Lovr X-ChangeIt will allow both consumers and traders to easily exchange traditional currencies such as USD / EUR and other cryptocurrencies for LVR and vice versa. With this approach we are able to reach a wider audience by offering convenience to both consumers and merchants.
    Lovr eWalletIt will combine both the ability to issue anonymous payments and the convenience of paying without cash, with only small commissions of less than 1%, which are essentially rewards of the Ethereum network.
    Lovr Network Reservations PlatformAdult service providers suffer greatly from high cancellation fees, most even without notification, leaving them waiting for a reprogramming or receiving no payment. This will change with the LOVR Booking Platform, an online booking platform for adult services.

    Regarding the benefits that Lovr provides, the most important thing to keep in mind is that it allows you to make reliable reservations of services for adults and eliminates problematic points such as invasion of privacy, account piracy, unwanted solicitations and more. LOVR solves the problems that arise with the way in which payments are handled in the adult entertainment industry through current methods and develops new applications and gateways that provide solutions to the lack of an anonymous option for both consumers and providers.

    The project gives the opportunity to earn Lovr (LVR) tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Platform. Here (https://bitcointalk.org/index.php?topic=4330984.0) you can access the link in order to see what are the conditions to become an early LVR contributor and start acquiring tokens.

    The LVR token is compatible with the standard ERC20 token that works in the Ethereum block chain and uses smart contract technology. Thanks to this, Lovr Token's distribution model ensures that sufficient funds are increased through sales and reserves are maintained for subsequent fundraising, marketing and incentives. In addition, LOVR retains a special fund for social organizations to return something to the community. LOVR Tokens in the team fund are locked for 12 months and then distributed with 6 months-cliffs for 24 months.

    Sep 2016CEO Robin C. Attig founded LOVR GmbH with the goal to digitalize the adult industry.
    Mar 2017Co-founder Daniel C. Bossenz, additional team members and investors join the company.
    Sep 2017Booking platform for escorts in alpha version. Spreading the vision and enhancing our network.
    Oct 2017 - Dec 2017Blockchain research and building use cases for the adult industry.
    Jan 2018ICO preparation and blockchain integration.
    Mar 2018 - May 018LOVR wallet app development, Booking platform development.
    Jun 2018Booking platform launch with cryptocurrency and credit card payments.

    Token details

    Token: LVR
    Platform: Ethereum
    Type: ERC-20
    PreICO price: 1 LVR = 0.10 EUR
    Price in ICO: 10 LVR = 1 EUR
    Tokens for sale: 2,500,000

    Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://lovr.network/docs/whitepaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/lovrofficial). I hope you liked the post and soon I'll send you new ones.

    Author Details

    Email: [email protected]

    Telegram username: @clauming

    BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1870482

    Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71

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