ICO Live Stars - development of the first webcam platform that will use the contract and blocking intelligent as a whole simultaneously

tristan88crypto (30)in #live • 7 years ago

What are living stars?

Live Stars is the first platform in the webcam industry that implements blockchain solutions. Live Stars is a fundamentally new platform with a compact business model, based on process automation.
The integration of smart contracts into the business logic and financial platform segment provides a more environmentally friendly, safe and convenient connection between users, models and platform.

The key features of the platform are:

All anonymity and user safety
The data is stored securely and encrypted
There are no intermediaries and restrictions in the financial segment
The highest earnings for models
Private chat coding even from Live Stars without server video chat technologies
General source code

The structure of the webcam industry, problems and solutions

Webcam: the main functions of the system
Speaking of problems in the system, its structure should first be discussed. Several well-known projects, such as LiveJasmin, Chaturbate, Bongacams, ImLive and others, occupy a leading position in the market today.

Participants of the webcam system:

Website as a webcam platform that provides access to model translations
Users who are interested in the services of models.
Models that work on certain platforms in accordance with contracts.
Aliates as partners who attract new users to the site.
Platforms webcams, as a legal entity, can contract with models as an employer, providing them with creditworthy web traffic and compliance with the requirements for licenses under their control.

The Most Powerful Features of Live Stars Platform

LiveStars Project Overview

Operations abroad: the organization of payment acceptance, responsible for verifying transactions, the department of model checking, where the models are checked for compliance with internal requirements, as well as the payment department for models, technical support, department of moderation, marketing department, etc.

Currently, the work of departments is not automated leading webcams have to handle huge amounts of information and requests manually and around the clock. To cover the costs associated with this, the platform must require substantial commissions from payments an average of 60%. Thus, if the user bought the internal icons cost in the amount of 100USD and sent this amount to the model, it will receive only 40USD. The commission level varies from 50% to 80% depending on the platform.

To get services on the site’s platform, the user buys tokens. The purchase goes through a variety of payment processors, after which the transaction is checked by the payment department. Documents are stored in the database for future identification. If the user has successfully passed the test, he receives tokens in his account and can transfer them to the models or spend them on additional site services. To make a profit, the model must receive a mandatory minimum amount in accordance with the contract with the platform. Typically, websites provide a minimum amount of 50USD. In addition, payments are carried forward for a strictly fixed period of time (mainly once a week, on a specific day).

During this deduction, the model account is checked for possible fraudulent activity. As a result, the earnings of models can be blocked by the administration until all circumstances will not become clear or payment can be completely denied. For example, on Saturday, the model earned $ 100 for the first time and wants to withdraw money for its card. However, the site makes payments only on Thursdays. From the date of the request, 7 days of withholding, and on Thursday another copy, called the payout department, makes the withdrawal of money manually.

In this case, the model example waited for money from the website within 12 days. Monetary crediting can also take some time, depending on the delay in payment. For example, bank transfers take 3–5 working days. The same scheme works when the payment has to be transferred to the studio where the models were hired. A studio or agency is an intermediary between the platform and the models. The mediator takes a commission for wages. If the model does not work individually, but for the studio, it gets on average 20–30% of the amount, its user spends on it. The principles of minimum payments and waiting times are also applicable for webcam partners the so called alates or webmasters who earn money by attracting a creditworthy web trace.

The challenges of the modern webcam industry and their unique solutions from Live Stars

Problem 1: No anonymity of the user
Each website has its own database, which stores information about all registered users.

This includes the following:

Successful and rejected purchases (transactions).
Names and surnames, participation during transactions.
IP addresses, geolocation, time of entry / exit and other system parameters.
Information about credit cards or other payment methods.
Identification numbers, if they were requested, and the user sent them.

All user activity is also recorded, for example, pay models, private chat times.
Please note that all chat rooms on the sites are stored as logs, including all private chat rooms with models, and they can be accessed by administrators at any time to check whether there has been any violation of the rules.

In case the client uses his webcam on the platform (the option “cam-to-cam”), the translation from the user to the model passes through the platform server. This means that private broadcasters can be watched by a system administrator or any other personnel. The system can easily track re-registration and associates itself according to the available information.

All this information is controlled by various platform employees, and as the system is not open source, no one can fully guarantee that the collected data will be stored securely, encoded and deleted for a certain time or at the user’s request.

Live Stars solution:

The team believes that users should be in full anonymity and security. Only such conditions can cover a wide range of adult webcam services. Services of the Live Stars platform can be paid only for the use of crypto currency tokens. Absence of payments from the currency, so as not to collect and request personal information from users Cryptocurrencies will be purchased by users from external services, so the Live Stars team will not have access to transaction information.

To get services from models on the Live Stars platform, the user who is sent to the site must buy LIVE tokens using another crypto currency. For the convenience of customers, a conversion option will be provided in accordance with the current exchange rates. In case the customer prefers to pay in another currency, you can switch to an independent external service for purchases of crypto currency, including currency fiat.

Private video chats, as well as private messages will be encrypted with one traffic without any intermediaries. At present, this can be achieved by using such open source projects as WebRTC.

Problem 2: User payment errors

Within the conventional webcam platforms, all payments from users usually go through many external payment services. The use of such a huge system often leads to errors and errors. In the process of monetary lending to the internal account can be postponed for an indefinite period or even canceled.

Live Stars solution:

As mentioned above, all payments within the webcam platform are performed in the crypto currency. This form of payment for services is much faster and safer for any user of the system transactions do not require any external intermediaries and are checked by the site’s personnel.

Task 3: Low level of payments for models

At the moment, webcam platforms can rarely use their models more than 40% — 50% of the amount transferred by the client. Moreover, payment does not always correspond to the promised rate is fragmented hidden charges and conversion rates sometimes lead to partial deductions of the total amount, and this causes distrust among the models. Also it should be noted that a commission is charged, the charged part of ewallets and Internet banking solutions.

Live Stars solution:

The absence of a payment department due to its uselessness, as well as the automated work of some other departments, allows our platform to gain economic benefits. And thanks to this, we can transfer our models up to 70% of the total amount transferred by the client. Thanks to the open source code and the absence of intermediaries for making payments, the financial area of the platform is absolutely understandable for models.

Task 4: Minimum amount, delay and payment errors for models.

The minimum amount for possible removal for models is currently $ 50 or more. Even if the agreed minimum is reached, the model must wait for a certain day of the week and the end of the payment period to receive its own earnings.

Live Stars solution:

The platform can place all means for obtaining funds. All payments in Live Stars are automated with the functionality of open smart contracts, which completely eliminates the human factor and minimizes the risk of money. Thus, the model can withdraw any amount into its wallet at any time.

For convenience of models it will be possible to convert the LIVE token to other crypt currencies in accordance with the exchange rate.

Problem 5: Lack of access to payment settings

Currently, payment settings are only available for webcam administration. To change the payment method or other parameters, the model must contact the appropriate department, where documentation verification is required. Obviously, such a system requires additional time and time, both for the website and for the models.

Live Stars solution:

There are no restrictions on the platform for transferring the payment. This helps to reduce the level and some departments to make economic work more efficient.

Problem 6: Opaque Rating Ranking Models

Obviously, the popularity and profit model directly depend on its position in the best lists of the site. Currently, none of the webcam platforms shows an algorithm for processing the rating levels for the public. This inevitably causes conflicts and suspicions.

Live Stars solution:

Algorithm for processing rating levels on our platform will be intuitively understandable for everyone. In addition, an open source system can be guaranteed, correctly and impartially.

Problem 7: Insecurity of personal data

To prove the age of the model, the model must send a copy of its ID when registering on any webcam site. This information is stored in the database for validation. If in the future the model regains registration on the website, its new account will be linked to an existing database record. Blocked models can not be registered again, and it can be checked with stored data. Currently, there is no way to check and make sure that the files with the documents are encrypted and safe enough. There is no guarantee that the data can not be caught by intruders. Also, there is no certainty that the files can be deleted after a certain time.

Live Stars solution:

The platform is organized in such a way that it allows the model to download or delete all necessary information on its own, which is guaranteed by open source code. After any document is downloaded and verified by the administrator, it will be encrypted. If the model deletes the document, it will not be able to start the stream and will be enabled only after the document has been loaded and reconfirmed.

Task 8: Return (cancellation of the earnings of the model)

Currently, stolen credit cards are often used to pay for services of models. In this case, the actual application of the card is quite easy to prove that they did not make any payments to the platform. If this happens, the website must return the returned amount back to the owner’s account. Sometimes the funds are withdrawn from the account of the model, which violates the cost of compensation of the offender.

Live Stars solution:

Since all financial activity on the Live Stars platform appears with the use of crypto currency, credit card fraud becomes impossible. This gives moderators full confidence in the safety of their earnings.

Task 9: Problems related to model problems

One of the most important aspects of any webcam system is its the partners of the website, whose responsibilities involve attracting reliable material traffic to the platform. They face some of the aforementioned problems: the minimum withdrawal amount, the waiting period for payment, the possibility of paying payments, etc.

Live Stars solution:

As mentioned earlier, on the Live Stars platform, the minimum withdrawals that provide immediate payments do not guarantee delays and exclude the human factor from the equations. The system functions automatically, and this guarantees fairness and transparency for both models and aliates.

Additional Benefits of Live Stars

On the platform there will be no restrictions on the purchase.
Additional work will be done to ensure that the platform is compatible with modern toys Lovense and Ohmibod. These are simple adult toys that react to the number of tip, given user, and are very popular among models.
Live Stars plans a comparative exchange to serve servers using the peer-peer content distribution network for public streaming.
Private video chats and messages will be carried out via webRTC on a one-to-one basis without a server. No intermediaries (including administrators) have access to personal information.
Fundraising and the issue of Live Stars tokens will serve as standard funding and advertising for the Live Stars platform, as well as software development for the Live Stars platform. The Live Stars icons will be used to make payments on the Live Stars platform.
Consumers can be sent using the ETH currency. The address of the contract will be announced in LiveStars.io before the sale of the crowd. Tokens will be transferred immediately after receiving funds under their contracts. A total of 200 million “LIVE” tokens will be released.

ICO will be held in two stages:

Presale (September 2017)
During the pre-sale phase, 20 million LIVE will be sold. 1 LIVE value = $ 0.05 (1/4 of the price in the second round)
Hard Cap — $ 1,000,000
Alltokens not sold during the pre-sales service will be available during the ICO.
ICO (November-December 2017)
120 million LIVE will be sold during the ICO
Hard Cap — $ 24,000,000
1 LIVE value = $ 0.2

Tokens that are not sold during the ICO will be frozen and will not be transferred until the end of 2019.

Distribution of tokens

10% will be available for participants at the pre-sale stage
60% will be available to participants during the second round of crowdsale
14% will be allocated to the fund of Live Stars
14% team will receive as a bonus
2% will be allocated to charitable campaigns

Distribution of founds

Software development
30% of the funds will be allocated to the main group of Live Stars developers for financing the creation of the initial prototype and after that creation of all the necessary improvements in order to obtain a fully working version. It includes the costs ofindependent safety audits.
Marketing
60% of the funds will be allocated to marketing, attraction and engagements of the models and users to the existing Live Stars platform.
Legal
10% of the funds will be allocated to the development of solid legal basis for the Live Stars platform.

Our Roadmap :

Pre-sale will begin on 21 September 2017. During the pre-sale stage 20 million Live will be sold. 1 Live cost = $ 0.05, hard cap — $ 1,000,000. ICO is planned to start from November to December 2017. Estimates of 120 million Live will be sold out during ICO runs. On sale ICO price 1 Live cost = $ 0.2, Soft Cap — $ 1,000,000, Hard Cap — $ 24,000,000.

Live Stars Team :