LOVR ICO (LVR Token): Adult Entertainment Crypto Payments?
LOVR is an Ethereum-based blockchain ecosystem tailored for both online and offline adult content industry. Primarily, LOVR intends to leverage the disruptive blockchain technology to revolutionize multiple facets of the porn sector, particularly the processing of payments. To achieve this objective, LOVR established LVR, a secure, anonymous and profitable digital currency.
The LOVR ecosystems comprises of the LOVR Basic Payment System, LOVR eWallet, LOVR X-Change, and LOVR Applications. Besides payments, LOVR also aims to make bookings more dependable and secure.
Problems in the Adult Content Industry
From desiring a private sex life to wanting to maintain a good reputation, anonymity in the adult content industry is an issue of great concern. For this reason, a majority of users often prefer cash when purchasing offline content. Also, debit card companies are forced to use disguising names when billing online adult content. As a result of lack of alternatives and expedience, consumers often have to resort to the risky online payment methods. These platforms are easily traceable, compromising on the identity of the customer.
A common occurrence in the adult industry, many participants lose money when transactions are reversed.
Due to the presence of intermediaries, consumers have to dig deeper into their pockets to access adult content.
Clients often suffer the disappointment of cancelled appointments, especially in the offline adult industry.
The LOVR Solution
LOVR will use a blockchain-driven payment system that is completely anonymous. Users do not have to reveal their identities when transaction over the LOVR platform.
Expedience with LOVR X-Change
The exchange will simplify the process of converting fiat and digital currencies into LVR and vice versa.
Typically, blockchain transactions are irreversible. Thus, merchants are exempted from the worry of losing their money to fraudulent clients who request chargebacks.
LOVR will create an online booking platform for offline adult services. In addition to dependability, users are guaranteed of confidentiality of personal information.
The LVR token will replace fiat currency as means of payment. This will eliminate intermediaries, making content cheaper to the consumer and earning the merchants higher profits.
About The LOVR Project Ecosystem
The LOVR ecosystems consists of:
- LOVR Applications – these are crucial to the seamless operability of the entire ecosystem.
- LOVR Basic Payment System – this is a smart contract protocol that enables payments over the LOVR platform.
- LOVR X-Change – this allow for the conversion of LVR into cryptocurrencies as well as fiat currency.
- LOVR Booking – a platform on which users can access cheap, confidential and personalized adult services.
- LOVR eWallet – this is the ecosystem’s preferred payment method dues to its untraceability and security.
- Future applications – plans are underway to integrate live webcams and VR support into the service portfolio.
The LVR is an Ethereum-based ERC20 compliant token. The total supply of LVR tokens is 1,000,000,000. The tokens will be distributed as follows:
- 10% will be allocated to the ICO presale event
- 45% will be sold during the ICO
- 20% will go to the team
- 5% will fund the marketing campaigns
- 5% will go to the social fund
- 15% will be allocated to the reserves