Lovelydays is an established European luxury holiday rental company, helping owners of luxury homes monetise their properties when they are vacant by renting them out. Lovelydays launched LovelySuites 18 months ago, an alternative and decentralised solution to 5-star hotels. The project was developed to meet the needs of today’s tech savvy global traveller, providing luxury, space and an entirely personalised experience for their trip, with maximum flexibility. LoveSuites is able to offer this superior alternative to five star hotels at a much lower cost, dramatically reducing the price of five star luxury.
To expand this alternative hotel concept we are launching a security token that will be issued via the Polymath token issuing platform. Investors in LovelySuites will get a share of the profits, typically through an annual dividend-like payment. And we anticipate that we will be distributing up to 50% of LovelySuites profits to our security token holders.
LovelySuites is a luxury travel group offering a 5* hotel experience and access to 5* local services to discerning and demanding travelers, but without the price tag. LovelySuites founded 18 months ago by the team behind Lovelydays, an established European luxury holiday rental company.
LovelySuites was developed to meet the needs of today’s tech savvy global traveller, providing luxury, space and an entirely personalised experience for their trip, with maximum flexibility because plans do change!
It sounds expensive, but LovelySuites is able to offer this superior alternative to five star hotels at a much lower cost, dramatically reducing the price of five star luxury.
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Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading Rated on Nov 29, 2018
3
3
3
19%
Even though KYC does not guarantee ICO success nor is a call for investment, the process verifies the key members of the founding team as a first key test.
Please perform your KYC with Sum & Substance promptly.
Willing to revise this rating if the team responds.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising Rated on Nov 1, 2018
3
3
1
14%
White paper - The whitepaper is missing as of yet…
Team - The core team is small and consists of experienced team members. They perhaps lack a bit of experience in the Marketing/PR & industry veterans as advisors (both in Travel & Blockchain).
Tokenomics - They are aiming to raise 10-15 million (Source: From Video). The founders/advisors get 250 million tokens & Partners 175 million tokens while only 45 million for investors. But mind that it's a security token, so well within rights to do such a thing! They also promise to share 50% profits with token holders. This is where it would interesting to see how the allocation is made, since founders/team and partners control most of the tokens.
Business Model - The business model is clear. They earn from tokens price increase based on 50% money injected in token economy + network value. The details are yet to be ascertained.
MVP/ DApp/ Working Product - No DApp or MVP yet. But they have been in business for quite sometime!
Direct Marketing Manager,ICO produce Rated on Nov 21, 2018
3
2
2
13%
I'm very curious what kind of calculation this token balance was derived.
The content of WP is still insufficient information, so I am looking forward to the update.
First of all we should also complete KYC.
I ll follow the project and do another review once it'll be updated.
I think there's lot of informations missing as benchy rate it 2.7 but i'm sure the team will update this quickly.
Wish the best to this project. Please inform me when you ll be ready for another review!
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