Last Update
Jun 1, 2018
We present LOVR, a cryptocurrency ecosystem particularly tailored for the needs of the adult entertainment industry. In a nutshell, LOVR renders middlemen and associated fees obsolete, by employing an anonymous way to send payments with lower fees than it was ever possible before. Our goal is to disrupt the way in which payments are processed both within the online and offline adult entertainment industry.
Customers and Merchants of the adult entertainment industry have a strong desire for discreteness and a desire for anonymity when it comes to payment both offline and online. While the online market includes live streams, paid video content and eCommerce for love tools, the offline market consists of adult services like massages, striptease, escort services, compensated sexual activities, and other paid services.
The LOVR Ecosystem employs a secure, anonymous and profitable way of paying with a cryptocurrency called LVR. The
LOVR Ecosystem consists of the LOVR Basic Payment System, LOVR eWallet, LOVR X-Change and LOVR Applications, which are described later on in this whitepaper.
LOVR solves problems that arise with the way of how payments in the adult entertainment industry are handled by today’s methods and develops new applications and gateways that provide solutions for the lack of an anonymous option for both consumers and providers.
Next to payment processing, LOVR also tackles a problem that is widely known in the adult services industry: reliable and safe bookings.
LOVR develops a globally accessible booking platform that enables reliable bookings of adult services and eliminates pain points such as privacy invasion, account hacking, unwanted soliciting, and more. By tackling the aforementioned issues that currently arise within the industry’s online and offline booking platforms, LOVR leverages the possibilities of blockchain and eliminates high fees of other payment providers.
Thanks to our partners, LOVR is able to access an extensive network within the adult entertainment industry, allowing for us to efficiently promote our products and services across a large, pre-existing user base.
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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.
