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Kamis, 14 Juni 2018

LOVR : Cryptocurrency Ecosystem for Online and Offline Adult Industries.

By -. Juni 14, 2018 #Bitcoin #ICO

he oldest profession in the world still works very old-fashioned and shady. Due to the discriminated financial landscape of the adult industry, working conditions and circumstances are in a horrible state. We believe that regardless the profession every human being should be treated equally. Therefore we developed a solution for payment transactions in the industry, also solving the problem of consensual exchange of discreet services for payment, with the ability for businesses and individuals to take the chance of participating in a decentralized structure.

About LOVR

The online and offline adult industry turns over more than one trillion dollars per year. There has always been a high demand on this market and it’s constantly growing, even when other economic problems arise. The ever-expanding adult entertainment industry combined with the technological possibilities of today open up a huge opportunity for LOVR Network to insert into the market and provide much needed improvements for users.

The LOVR Ecosystem employs a secure, anonymous and profitable way of paying with a cryptocurrency called LVR. The LOVR Ecosystem consists of the LOVR Basic Payment System, LOVR eWallet, LOVR X-Change and LOVR Applications, which are described later on in this whitepaper.

LOVR solves problems that arise with the way of how payments in the adult entertainment industry are handled by today’s methods and develop new applications and gateways that provide solutions for the lack of an anonymous option for both consumers and providers.

Our Vision

The adult services industry, both online and offline, faces a variety of problems when it comes to payment processing. Where major banks and payment providers simply decline processing payments for adult entertainment providers, other companies leverage this opportunity to charge high fees on transactions leaving the industry with few choices when it comes handling payments. Within the last few years, a new possibility of payment processing emerged: Blockchain.

Blockchains allow decentralized and cost-effective payments without intermediaries by utilizing anonymity, which makes this technology best suited to the avant-garde adult industry.

With LOVR we are proud to not only introduce decentralized payment processing capabilities
to the adult entertainment market, but we are also first-in-industry to bring value to the adult
services industry by developing a reliable and safe online booking solution for escorts and sex
workers.

The future of the adult industry is exciting. With new technologies the industry profits from decentralization ending the discrimation rendered by middlemen in the past.

Peer-to-Peer Payments for everyone
Our payment processor will be used worldwide to transact secure, safe and reliable payments in the adult industry online, offline, B2C and B2B. The payment ecosystem is built on top of Ethereum Blockchain. We have issued an ERC20-compliant utility token that will used for every possible transaction in the adult industry.
Adult Business Solutions
Businesses in the adult industry, both on and offline, have to pay a high price for working in the oldest business of the world. High-fees, bad reputation and poor tools lower income and efficiency. With the software tools we provide, you can take your business to the next level.
We provide interfaces to transact secure, fast and cost-efficient payment transactions.
Outstanding Management Tool for Discreet Services
Service providers in the adult industry face serious problems in means of managing their schedule, making reliable appointments and receiving payments. We are developing a powerful management tool and listing platform for service offers and payment transactions. The solution agencies, clubs and individuals have been waiting for.
Discreet Services Booking Platform
Customers of today browse on intransparent websites, stone-age listing platforms and ad-crowded pages. Our first product utilizing our blockchain enabled payment ecosystem is the outstanding booking platform for discreet services, that is the first of it’s kind. All service providers in one place, easy communication and fraud-resilient.
We are empowering the traditional adult industry with a reliable, secure and convenient booking platform.

Common issues

Anonymity Issues
Whether it’s an issue of securing one’s reputation or trying to camouflage one’s personal and private life, anonymity in the adult services industry is of crucial concern. Anonymity is the reason why cash has always been the most preferred payment method in the offline adult industry and why companies have very unspecific names for credit card charges when it comes to online payments. Due to pseudo-convenience and the lack of alternative choices, many customers choose to take the high risk of detection of their activities by utilizing these methods of payment. As of the date of writing, consumers only had the choice to use payment processors such as PayPal, Visa, Mastercard and others like them to purchase adult content, which still makes it very easy to trace back purchases on their bills.
High-Fees Issues
Merchants and service providers in the adult industry today are faced with high fees that are placed upon them by many payment providers. As common payment providers like PayPal, Visa and Mastercard proceed to discriminate owners of adult content websites and service providers, untrustworthy and unreliable companies such as EPOCH and CCBILL have stepped into the market in order to leverage the ability to charge excessive fees to those within the adult industry who have been deemed “high-risk” by other payment service providers. The surcharges from these companies can range from 10-15% of their profits plus an additional fixed amount per transaction. These factors have become a huge issue concerning profits when it comes to payments processed for a merchant supplying adult content. To date, there is no viable solution on the market that solves these problems.
Chargeback Issues
Online and offline service providers in the adult entertainment industry have to deal with many chargebacks on a day-to-day basis. A chargeback is basically the return of funds to a consumer who contacts the payment provider and reports a fraudulent activity. Whether the payment was a real fraud, or the consumer wants to dispute that he has made a purchase because of shame – the merchant misses out a payment. With the utilization of blockchain technology, LOVR makes these “accidental” purchases obsolete.
Unreliability Issues
In the offline adult entertainment market keeping customers to stick to an appointment made or a price agreed upon with their chosen sex worker, masseuse, escort or stripper is currently a pain points for service providers. Once a customer has found a service provider matching their expectations, the service is either delivered ad-hoc or they book an agreed-upon timeslot. Services that are paid for once appointment is met or after the scheduled appointment can be highly unreliable for the service providers and many payments are missed out on, as
there is no contractual or automated agreement which enforces prepayment for services. Many adult service providers suffer from cancelled appointments, often even without prior notice. LOVR offers a solution for this by offering service providers the ability to book appointments through our platform with include contractual clauses safeguarding service providers from profit losses due to appointment cancellations.

Token Sale

The LVR Token is compatible with the ERC20 token standard and therefore running on the Ethereum blockchain. The premise of LVR is that it will enter a transaction mechanism between sellers and buyers through crypto exchanges and between parties of the adult industry. Liquidity of LVR Token will rise, as demand rises and it goes into constant usage. Payments via LVR Token will carry the security known to blockchain systems and information will be kept private through security encryption.

Token Distribution

All funding rose from the ICO will go into the development of the LOVR Ecosystem / Booking
platform and putting our marketing efforts to help LOVR reach the vision to change the adult
entertainment industry.

• 10% will be available for participants during the PRE-ICO
• 45% will be available for participants during the ICO
• 15% will be allocated to the reserve fund
• 5% will be allocated to the social fund
• 20% will go to the team, locked for 24 months
• 5% will be allocated to marketing campaigns

Pre-Sale : Mar 1st 2018 – May 31st 2018 (currently running)

Whitelisting for Main Sale: Jun 1st 2018 – Jun 30th 2018

0.00004 ETH: Jul 1st 2018 – Jul 2nd 2018
0.00005 ETH: Jul 2st 2018 – Jul 31st 2018
0.00006 ETH: Aug 1st 2018 – Aug 31st 2018
0.00007 ETH: Sep 1st 2018 – Sep 30th 2018
Total supply 1.000.000.000 LVR
Pre-Sale 25.000.000 LVR
Main-Sale 525.000.000 LVR
Token End Price 0.00007 ETH

Token Info :
Token LVR
Platform Ethereum
Type ERC20

PreICOprice 1 LVR = 0.10 EUR
Price in ICO 10 LVR = 1 EUR

BONUS
Pre-ICO 50%
ICO 30%
Tokens for sale 2,500,000

Investment Info :
Min. investment 500 EUR
Accepting BTC, LTC, ETH, Fiat
Distributed in ICO 2,5%

Roadmap