A short informative review of the LOVR project, focused on the team, technology and token analytics. All information is valid on April 18, 2018.

Webpage

“Latest news” section contains articles on Medium written by LOVR:

In the “As seen on” section only ICObench rating at the top and ICO buffer icon leads to the rating page, the rest leads to LOVR homepage.

Pop up window with sold LVR is a random javascript generator.

Community (as of April 18, 2018)

~3,150 members on Telegram

~9,000 followers on Twitter

~1,000 followers on Facebook

Bounty program.

Technical solution

There’s an MVP in the form of the Booking web portal.

MVP is not connected to the Ethereum blockchain.

Special Ethereum token used only for discreet services, every transaction will be visible on the blockchain and have a discreet purpose.

Token running on Ethereum network will always compete with other dApps for transaction processing, that might lead to delay or increased costs of transactions.

GitHub activity

https://github.com/lovrnetwork

LVR Token Contract is in GitHub.

LVR Token Contract is not deployed (deployment planned latest on May 1, 2018).

ICO Smart Contract not available.

ICO metrics

LVR token; base token price: 0,15 €; 550,000,000 tokens for sale; $55,000,000 ICO hard cap.

Pre-sale ETH contribution address: 0xf5EB0d61AE3e2F97B7D23b61d7B7480584CEb65c (personal address, not a smart contract).

Pre-sale BTC contribution address: 17wxnKxaqnTX1SgKyGEsiHaXdqPg2U6CFF

Pre-sale:

token price: unclear ~0,1 € (50% bonus according to the whitepaper / 40% bonus according to the website)

minimum investment: 100 €

token distribution: latest May 1, 2018

March 1, 2018 - May 31, 2018

Main sale:

1st phase: 0,115 € (30% bonus); July 1, 2018 - July 30, 2018 (what about July 31?)

2nd phase: 0,125 € (20% bonus); August 1, 2018 - August 31, 2018

3rd phase: 0,136 € (10% bonus); September 1, 2018 - September 20, 2018

Additional KISS token will be created:

token used for voting or advertisement

Generated weekly based on optional LVR lockup: 1, 3, 6 or 12 months lockup (or 2 weeks, 1, 3 or 6 months, it is not clear from the whitepaper) equals 0.25%, 0.3%, 0.5% or 1% of locked tokens.

1 KISS = $1 for advertisement

Information above is unconfirmed due to missing Token Smart Contract and ICO Smart Contract.

Team (based on LinkedIn profiles)

There’re different team members on the webpage and in the whitepaper; their positions are also different. Website information is taken for this analysis.

Robin C. Attig (CEO / CTO)

LinkedIn link leads to unavailable profile.

joined LOVR in September 2018

Currently active also as an IT Consultant in Bluecarat AG and IT Consultant in IT Consulting Robin Attig.

prev. experience: Entrepreneur, Software Engineer

Hannah Smith (Head of Design)

joined LOVR in January 2018

Currently active also as an Advisor for Conduent, Owner/Curator/Product Purchaser in Stitches and Stones Boutique, Graphic and Web Designer in measureANDscale

prev. experience: Bar Manager, Bartender, Graphic and Web Designer, Event Coordinator, PR Consult

Kai Lüdecke (Head of Marketing)

No link to LinkedIn profile — unconfirmed.

Johannes Schönborn (IT Security Specialist)

No entry regarding LOVR in LinkedIn profile — unconfirmed.

Artur Stöber (Backend Developer)

Empty LinkedIn profile — unconfirmed.

Zeus Stavrou (UX Designer)

No entry regarding LOVR in LinkedIn profile — unconfirmed.

Advisory board

Dimitri Werner

LinkedIn link doesn’t lead to LinkedIn.

No link to LinkedIn profile found— unconfirmed.

Chris Grey

No link to LinkedIn profile — unconfirmed.

Davit Svanidze

Link leads to unsecured webpage.

No link to LinkedIn profile, no entry regarding LOVR in LinkedIn profile — unconfirmed.

Marco Wolff

No link to LinkedIn profile.

No entry regarding LOVR in Xing profile — unconfirmed.

Dominik Strzoda

No link to LinkedIn profile.

No entry regarding LOVR in LinkedIn profile — unconfirmed.

Menderez R. Opielka

Link leads to LinkedIn profile of “Adam Greetis”

Untraceable person or company — unconfirmed.

Missing information

How will the users get Ether in the LOVR wallet for settling transaction fees (gas) on the Ethereum network?

Given that LOVR wants to create its own wallet, how will the users define how much gas should be used for their transaction? Higher amount of gas means that the transaction will be processed by the Ethereum network with a higher priority; it’s important when there’s a high load on the Ethereum network.

What will happen with unsold tokens?

How will the platform handle disputes when customer pays for the service but doesn’t receive it?

Who are the key partners for closed alpha?

Disclaimer: The above is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.