Love Token: Decentralized Raffle System Cryptocurrency Coin?
Many factors go into an individual choosing to express their love to another. Usually, the best way to show their feelings is through actions or words. However, there are other situations where you can lack words, and the best expression is to get a gift. Most of the time, tips are the best expression of our feelings.
However, if you are a crypto enthusiast, you might wonder why we are mentioning gifts and love. The main reason is that some blockchain ventures have found it necessary to gift your loved ones with cryptocurrency. While it might sound unrealistic, the project lets you do send tokens as a way of appreciating your family, friends or loved one.
What Is Love Token?
LOVE tokens an Ethereum-based ERC20 token for the LOVE platform and will be in use as a representation of LOVE within the crypto world. The LOVE platform is a digital portal to recognize and acknowledge your commitment or love to your loved ones. In essence, LOVE will present a decentralized structure whereby users can connect using blockchain while also earning cryptocurrency.
The platform relationships between users will feature the use of smart contracts to guarantee the creation, maintenance, and development of the connections between the users. Therefore, that makes LOVE token among the first crypto platforms to leverage blockchain technology to portray gestures and messages of love.
How Love Token Decentralized Raffle System Crypto Coin Works
The LOVE token is the primary currency for the platform, with a total of 10million set aside for ICO allocation. The coin is more of a loyalty token and will work to be accepted as a monetary fund within the platform to purchase discounts and gift cards. The token also comes with a buy-back option for any investor feeling the heat
With the crypto community-driven site, users will need to carry out the system's action manually, with plans to introduce an automatic system for ranking members’ contribution. Their goal is to make the platform more of a social networking site. Additionally, there will be the presence of a decentralized economy thanks to the LOVE token. The coin will be made available and bought back only through the LOVE platform to help control the value and ensure the stability of the economy.
Love Token Benefits
- Ease of transactions- transactions in LOVE tokens will occur in a fast-paced manner
- Eco-friendliness- the transfer of the Ethereum network to a rip-off of stake will ensure sufficient energy utilization which is environmentally friendly.
- Bounty program- the limited supply of tokens means various tactics have to be employed to ensure efficient market circulation.
- Secure- use of ETH blockchain ascertain the level of security.
- Simplicity- one only needs a wallet, private key and an address from which they send.
Should You Care To Invest In Love Token?
While investing is always a personal matter, I cannot help but have an opinion on the quality of LOVE token as an investment opportunity. There isn’t much that one could say about the LOVE platform except that the whole project is rather shoddy. In my opinion, the entire rig is an ICO just for the sake of an ICO and has no real intention to last in the long run. No matter how lovely the project seems, I don’t foresee it continuing long.