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, Crypto Visionary, FinTech Pro, ICO Advisor and Consultant Rated on 21 Mar 2018
3
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16%
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.
ICO Advisor | Integration Strategy l Certified Cryptocurrency Expert | realicons.io Rated on 20 Mar 2018
2
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15%
Sorry I owe you an explanation. Went into update during rate.
Team - my reasoning is based on not everyone being on one platform for transparency purposes. So you can't see everyone's experience. I think you need way more advisors to show diversity and to strengthen experience to include legal. Also define who is developing blockchain, smarts contracts, graphic design, ui/ux, blockchain, finances . I give you props on kyc passing. +1 on Simon as Advisor.
Vision - Vision is how well you see things coming, you missed alot in the team rating, the design of your whitepaper needs more beef in graphs, vision the why, timelines, who's going to manage finances. Also your whitepaper is blurry and you need to redesign to give it an easier flow.
On product, I'll be honest I just don't understand the point of it, and there's no MVP that I could see.
Agree
Shebin JohnICO team member replied on 21 Mar 2018
Hello,
Regarding Team, we started initially with a small team and have been building up from there.
I understand what you said regarding the rest, especially the WP.
Thank you for your rating and more than that, your review. It really means a lot, as we want to be better each day.
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