LOVE Token is a token created upon Ethereum which follows a ERC 20 Standard. It is a token which represents LOVE in the crypto world. This token have a backing fund which includes top cryptocurrencies. Also, with time, this will be used as a means to raise and fund charity and give donations. Along with those, an important factor which gives it it's value is the promise to give it back to the society by helping budding entrepreneurs so that they can make a change in the world.
LOVE Token has also achieved one of the first fully decentralized Raffle System ever created!
We support charity and we would be using 20% of the total amount raised through Raffle to those who are in need of it. If a considerable amount is raised, we would start a voting with those who have LOVE Token to choose where to give charity to and how much.
We would be supporting and mentoring Entrepreneurs as well who require capital, support, mentorship, etc. We know how tough it is to create something from nothing and we want to help those people to ease the problem and accelerate their growth.
Backing fund would be used as a safe house for our Token Value. Even while the market may perform bad, we can hope to retain a good value for our token due to the fact that we have some great crypto which back us.
We were one of the first to create a raffle system in smart contract and would like to continue to develop things like these much more. These decentralized development will be used for further research and development of a decentralized society.
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor Rated on Mar 21, 2018
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19%
I've read the whole White Paper and still didn't get an idea, why it has any value for an investor. This is it, purely lost time. I do see, that it is a raffle, yet it doesn't make any change from the perspective of the people, who commit any funds into it awaiting some returns. If you want to trick people into gambling with most of them statistically losing their money, that it would be best to be clear about it and call it a lottery. It doesn't matter if their money will go to pay for your team, office, other business expenses or yet to be announced charity.
Only positive is that the team has some experience and does't claim there is any value, unless they develop a full ecosystem around it. And I would say, the name itself makes it look like a joke.
However, you may become a Dogecoin number over 9000. At this moment, I only see a flash of viral effect due to LOVE word on a Valentines Day, but you could basically sell a wrapped horse s**t with that title on a Valentine's Day. Why yes?
I will change the rates, if or when the White Paper and the website will start to make sense.
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