Lovr ICO: Company Review and LVR Token News Updates

Lovr ICO (LVR Token): Adult Entertainment Blockchain Network?

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 adult entertainment market of today is driving innovation and emerging fast. Whether it be the invention of the Internet-of-Things (IoT), online platforms for streaming and chatting, or the ability for merchants to sell love toys online, one thing is evident; unconventional sexuality is becoming more widely accepted and the demand for new inventions associated with this growing acceptance is in high demand. While free-to-view streaming sites finance themselves with advertisements, paid content websites let the users pick monthly or one-time-payment plans. In a nutshell, the transactions processed within the online adult entertainment industry are currently being discriminated against and in need of an effective alternative.

The LVR cryptocurrency within the LOVR Ecosystem solves this problem and lowers fees on payments significantly while allowing for customers to enjoy the ability to stay incognito when it comes to participating in purchasing products and services within the industry.

What Is LOVR?

The LOVR Ecosystem consists of the LVR cryptocurrency and LOVR Application, both of which are a great asset to each industry. The LOVR Applications consume functionalities of the LOVR Basic Payment System to enable applications to run with those payment functionalities.

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How LOVR Adult Entertainment Blockchain Network Works

Basic Payment System:

The LOVR Basic Payment System is a condensed Smart Contract, which leaves room for a wide range of use-cases for transferring payments in a safe and anonymous manner. They will develop APIs and applications that simplify payment processes both online and offline which will ensure that fees are kept to a minimum.

LOVR X-Change:

The LOVR X-Change will allow both consumers and merchants to seamlessly exchange traditional currencies like USD/EUR and other cryptocurrencies into LVR and vice versa.

LOVR eWallet:

The LOVR eWallet will combine both the possibility of issuing anonymous payments while also keeping the convenience of paying cashless, with just small fees less than 1%, which are essentially Ethereum network bounties.

LOVR Network Booking Platform:

Adult services providers suffer greatly from high cancellation rates, most even without notification, leaving them to wait for a rescheduling or not getting paid at all. This will change with the LOVR Booking Platform, an online booking platform for adult services.

Lovr LVR Token & ICO Details

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.

The LOVR Genesis contract will mint a total supply of 1 billion LVR. 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, and 20% will go to the team, locked for 24 months.

The Pre-ICO starts on the 1st March 2018 and ends on the 31st May 2018. The ICO starts on July 1st, 2018 and ends on September 30th, 2018.

Lovr Conclusion

The adult industry has always been a cash cow since the beginning of civilization. LOVR Network wants to capitalize on this. You can get more information about the ecosystem, Team and Token sale from their website lovr.network/