Lovr: ICO Review

What is Lovr?

Lovr is an ICO project that aims to solve problems within the adult entertainment industry. As of now, the adult industry has payment discrimination where its users are paid out in cash or have high fees involved. This is because of the payment providers who tend to discriminate against their workers and giving them unequal pay.

lovr icoAnd, there’s little to no government regulation behind the adult entertainment industry. Because of this, discriminatory practices and actions occur making the adult industry an unsafe business for most of the people that participate in it.

Lovr solves these problems through the power of blockchain technology. Since its decentralized by design, Lovr will be able to solve existing problems regarding safety, trust, and privacy which have been nonexistent in the adult entertainment industry until now.

Aspects

Peer to Peer Payments: Lovr’s payment processor will help with creating reliable and safe payments within the B2C, B2B, online, and offline adult industry platforms. The payment system uses Ethereum’s blockchain. Their native ERC-20 compliant token (LVR) will be used for each transaction that takes place within its system.

Management Tool: Lovr provides a management tool that helps service providers manage their schedules, receiving payments, and making reliable appointments. The project plans to develop a management tool and a listing platform in order to help adult entertainment stars have more control over their time.

Booking Platform: With this feature, Lovr users can set up a specific date to obtain discreet services. Like the management tool, this helps the service provider make better use of their time while also being able to select a day to entertain their users.

Token Metrics

  • Website: View
  • Whitepaper: Read
  • Fundraising Goal: 500,000 € (Soft cap) – 10,000,000 € (Hard cap)
  • Total Token Supply: 100,000,000,000 LVR (Total) – 550,000,000 LVR (For Sale)
  • Accepted Currencies: ETH

Bounty0x profile: @jeremycole

Positives
  • Third Parties Included: For third party businesses, Lovr is a great option. It’s decentralized service payment transaction providers have low-fees, making it easier for businesses to obtain a profit using Lovr’s platform.
  • Anonymous: Users can complete transactions with service providers without compromising their identities. This is due to Lovr’s platform being decentralized because the transactions are only connected to the user’s wallet address.
  • No Chargebacks: Unlike traditional adult industry applications, service providers don’t have to worry about chargebacks for their services. This is due to Lovr’s use of blockchain technology that makes every transaction final.

Negatives
  • Safety: While Lovr does promise safety, we want to know how the project will ensure that all of their service providers are safe. It keeps the user’s anonymous, but how will the platform keep the service provider’s personal information safe?
  • Competition: There is a multitude of adult entertainment ICOs that are currently in development. We’ll have to see Lovr make an innovative system if they hope to capitalize on the market share within the adult entertainment industry.
  • Demand: Due to the increase in competition, the value of Lovr can be decreased if its not accepted within the adult industry.

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Jeremy Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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