LITENETT - The First Network with Decentralized Payment System on Blockchain
PRESENTATION
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Litenett, a new European social network with decentralized payment system on Blockchain for the audience of hundreds of millions users.
ABOUT LITENETT
Litenett is a new European social network with decentralized payment system on Blockchain for the audience of hundreds of millions users. Our project allows users to get several services immediately in one application. We have combined social network, messenger, music and movie – video portals, radio broadcasting and events on one platform. Litenett supports more than 30 languages and it is available on all devices.
PROBLEM
The entertainment industry consists of all kinds of sectors from music, movies to every so enjoyable radio. The modes of media although enjoyable, seem to have made no progress at all beyond the years. Being the big brainy, species that we are, is changing and creating new channels al that we are capable of??
Another huge problem faced by the society with respect to the entertainment industry is the issue of incompatibility of online transactions. With the world of cryptocurrency, the masses have lost confidence in making trade and exchanges online. It seems almost like stepping in the fire, considering the infamous scams and other cyber crimes.
SOLUTION
LITENETT is the project that realizes the issues along with the underlying potential in the services of the entertainment industry. The project is powered by the blockchain technology and strives to provide a platform safe and secure transactions related to movies and music. The main aim of the project is to provide all entertainment related services on a single platform to provide a serving experience, never witnessed before.
LITENETT also supports social media by allowing the user to create personal content like blogs and connect with the world on a bigger level. With additional feature of a messenger which ensures the safety of data with the help of blockchain's transparency, one can make the most out of this project.
Music and video portals can enjoy going more interactive by allowing the user to make purchases and more through LITENETT. This would not only increase the quality of the content offered but an indirect chain of feedbacks will also be formed.
As LITENETT strives to bring all these wonders under the one roof of its app, doubts regarding so many transactions are sure to rise. With the help of the blockchain technology and the smart contracts, the users can stay assured of their money and the deposits. The app offers a secure wallet which is capable of holding various cryptocurrencies out of the reach of the scams.
The tokenization of the platform is unique in its own way. The tokens made out of the platform can work both in the crypto market and the real market.
Social network
Friends and chats
Blogs and microblogs
Personal Pages
Income on subscribers
Dating
Games
Messenger
Online Shop
User Encouragement
Music Portal
Music online
Music purchase
Music download
Playlists creating
Opportunity to share with friends
Radio and podcasts
Groups and artists
Releases and music catalogue
Video and Movie Portal
Video download
Video blogs creating
Earnings on Views
Cinemas
Films schedule programs
Tickets booking system
Tickets purchase
Movies online
Payment system
Payment system on Blockchain
Thousands of transactions per second
Separate Dashboard
Deposits and withdrawals without %
Top cryptocurrenciesSecure wallet
Low transaction fees
App features
The app contains a various functional and allows the user to manage content, create groups and microblogs.
You can see all the posts and comments in your blog or group.
Private messages, group chats and channels.
You can listen to music and write posts, chat with friends, shop or transfer money to friends.
Section "Favorites" will help you to save the necessary pages, groups, channels, songs, albums, cinemas, etc.
Events line, your comments and answers.
Friends and subscribers - all in one app.
Messenger and global network
Messenger allows users to communicate in personal correspondence, as well as in group channel.
Voice and video calls, chats and group channels.
Group and private chats with a mode of correspondence destruction. Correspondence is not saved on the server, it is saved only on participants devices. It is impossible to copy, make a screenshot, save. It can be destroyed at the scheduled time.
Direct video broadcasts in a group.
It is not just a messenger with a high degree of protection, it is a multimedia platform for solving problems in everyday life.
Crypto-Wallet and Global Payment Infrastructure
Multi-currency Crypto-Wallet with the ability to store and transfer crypto assets
It is possible to replenish and withdraw funds, exchange for crypto coins.
Guarantee of transactions security and funds storage in the wallet.
Ability to perform service payment, services fees, to transfer funds to other users.
Funds transfer to users in crypto coins, fast exchange to USD or Euro. It is possible to buy goods and pay for services, make payments anywhere, for anything, in the litenett network, as well as in online shops or online litenett card in payment terminals.
TOKEN APPLICATION
Token is a means of payment within the portal. Users receive Token rewards for managing of groups, blogs, etc. Users receive Token rewards for viewing ads. It is possible to pay for advertising with Token by getting a big discount. Token can be transferred and exchanged between users. It is possible to perform service payment or pay for services only with Token. Users can exchange Tokens, received as a reward for viewing ads, for managing groups, and other social activities, for fiat money and withdraw them to their own account. Advertisers buy tokens when paying for advertising. Portal buys tokens from other token holders to pay a reward. Any transactions inside the platform are possible only with token. Tokens are accepted as payment for various services, for exchange for Euro or USD.
Litenetcoin token can not be classified as a tradable financial asset because it does not entitle Token holders to receive profit, or to own part of the company or part of the project. Litenetcoin Token is absolutely legal, as well as gift card in a shop. Litenetcoin is a product token.
The ICO Details
The platform is tokenized with the tokens known as LNC tokens. The LNC tokens have a market value of 1 LNC = 0.6 USD as the pre-ICO sale price and 1 LNC = 0.7 USD as the actual ICO sale price. The token is based on the standardized Ethereum wallet and the minimum investment that can be made is 0.5 ETH. The amount of investment required for the soft launch of the project is about 1,500,000 USD and the hard capital required for the dreamlike project to turn in a reality is 30,000,000 USD. The pre-ICO sale starts in early October 2018.
TOKEN DISTRIBUTION
10% Reserve
3% Rewards, Bounty: Early Supporters
3% Team
4% Founders
80% Token Buyers
ROADMAP
Q1.2013 Start of work on the project
Q3.2014 The main music portal MVP is launched
Q4.2014 Testing and working on errors
Q4.2014 Changing the project structure
Designing a social network
Start of developing new functionality
Q3.2016 Dashboards for users and companies are launched
Q4.2016 Development of portal mobile version
Q1.2017 Testing and launching functionality for companies - content management
Q2.2017 Designing mobile application for Android and iOS
Q3.2017 Testing and elaborating mobile version
Ability to upload and send photos, videos and music
Q4.2017 Launching and testing chat, correcting bugs
Testing functionality of group creating
Launching functionality of user verification
Developing "Marketplace" functionality and ability to create an online shop
Q1.2018 Start of work on ICO implementation
Preparation and implementation of Pre-ICO
Preparation and implementation of ICO
Q2.2018 Increase in personnel
Extensive work on all sections of portal
Work on monetization system (encouraging users through advertising)
Launching and testing all languages
Designing payment system and creating a next-generation Blockchain
Q3.2018 Developing of automatic advertising system
Testing of new database
Testing of online shop functionality
Launching and testing Friends section
Combining all sections and testing of platform
Working on bugs and correcting errors
Testing of mobile application for Android and iOS
Q4.2018 Запуск Launching of social network Litenett
Launching of mobile application for Android and iOS
Work on improving platform functionality
Extensive marketing campaign
Q1.2019 Масшт Network scaling for millions of users
Launching of a new Blockchain and platform transition to new payment system
Obtaining of banking license for legal financial transactions in cryptomarket
Exchanging of tokens for new digital cryptocurrency
Integrating of new digital coins with stock exchanges
MEET THE AMAZING TEAM
Alexej Karpov
German education: Engineering, Computer science and computer facilities
2008 – 2011 Head of the Company GV World GmbH. Direction - sales, copyright in the field of cinema and music.
2011 – 2015 Founder and Head of the Project Global Copyright Management www.web-copyright.com. Creation and design of search and control systems, project development.
2013 Founder of Litenett Project, since 2015 Head of Alex Capital GmbH
Valdemar Degner
Germany. Analyst and marketer
Occupation: Energy Engineer, Selfemployed Entrepreneur, Business Consultant
Education: Computer Science Studies, Microsoft Sales Expert, IT Sales
Expert, IT Sales Manager.
Lilia Bauer
Germany. Content manager & contacts with customers
Elena Degner
Germany. Financial analyst and consultant
Occupation: Financial Adviser, Financial Consultant and Auditor, Selfemployed Entrepreneur.
Occupation: Investment Adviser, Investment Consultant, Financial Adviser, Financial Consultant, Internal Auditor in the Financial Field.
Roman Romanchenko
Lead developer & Engineer Backend developer, system administrator, 9 years of work experience. Technological National University.
Vladimir Dzyubanov
Lead developer & Project developer
Backend & Frontend developer & Web
Developer. 6 years of work experience.
Technological National University.
Albina Chernozhukova
Frontend & Java developer
Frontend developer, 6 years of work experience.
Technological National University
Alexey Seleznev
Web designer & project developer Three years of professional experience.
National University of Ukraine. UX, UI, product management, human-centred design.
Vitali Karpov
Germany. Java developer & system administrator
Frontend developer & system administrator. 1 year of work experience
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: http://www.litenett.com/
Whitepaper: http://www.litenett.com/whitepaper.pdf
Telegram: http://t.me/litenettcom
Facebook: https://www.facebook.com/litenettcom/
Twitter: https://twitter.com/litenettcom
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.