Economic value of LGBiT token

LGBiT token (LGBiT) is a digital token of the ERC20 standard, created on the Ethereum platform. The main purpose of LGBiT is the organization of the economic system within a new world social network SUGAR. But the task of LGBiT is not only the creation of a new economy around itself — LGBiT should become a unique token that will make every user of SUGAR network an integral part of the overall community. LGBiT should unite people within the overall economic system.
LGBiT, in order to become viable, needs to be useful and carry economic value. Services, using state-of-the-art technology and marketing solutions in the SUGAR social network will provide LGBiT with basic economic value, will give it real value. LGBiT will be integrated into the social network and will become its integral part. It will become the main and only means of payment within the SUGAR, will form the basis for a new, common for all users, the economic ecosystem. Users of SUGAR network will be able to pay services and products of network by their LGBiT, to obtain access to premium services with their help, to collect funds for charity and to carry out exchanges between themselves on the internal trading floor. The social network will also accept LGBiT for payment of their advertising spaces and other commercial services from clients who are not network users. This fact will undoubtedly make the existence of LGBiT even more economically reasonable.
Thus LGBiT will become the forming center of a completely new digital economic system within “Sugar” network. As the SUGAR network grows, as its user and business partner base will grow and the LGBiT value, which in turn, will contribute to expanding the project, increasing its capitalization and growing popularity.

So why do we suggest to buy LGBiT today and how beneficial can be such an acquisition?

As well as many other digital tokens, LGBiT will be implemented on the Ethereum public blockchain as a ERC20 token. LGBiT tokens will be available for transfer between the users and work is currently under way to ensure their rapid reintegration into cryptocurrency exchanges, where they will be available for trading. The number of produced tokens is fixed and is 50 750 000 LGBiT, 200 000 of which will be spent on the bounty program of the project, and the remaining amount to implement during presale ICO and ICO basic stages. Unrealized tokens during the ICO will be eliminated on the termination of ICO.
The main part of the funds collected during the ICO milestone will be spent on the implementation of the project, this is 95% of the funds, 70% of which will be allocated to complete the development and implementation of the main product — SUGAR social network and its mobile versions, 20% for PR support and product promotional marketing and 5% for legal and financial services of the project. The remaining 5% will be distributed between the team of creators and developers of SUGAR. It is clear from all this that the existence and value of LGBiT will be backed up by strong and popular product — and the token will become its integral part. It is not hard to imagine that in case of success of the SUGAR project, LGBiT price will exceed the proposed price on ICO, which will be of interest to its potential buyers.
It is important to note that the work on creation of SUGAR network is currently under way. According to the "blueprint/road map" of the project a working demo version of the social network is expected to be started in December 2017, with the possibility of registration and creation of the user profile. The introduction of this working version in parallel with the implementation of the marketing plan for the project development will allow to increase constantly the number of users of SUGAR network for the duration of development and testing of the main product. Thus, by the time of the start of the first official release of the social network, it will already have an impressive number of users. Each new user, in turn, will do LGBiT increasingly in demand.
However, not only the potential users of SUGAR network (the number of which by the most conservative estimates contains tens of millions) and LGBiT owners will provide its economic foundation and will create demand for it. LGBiT tokens will also be necessary for the network for its proper functioning. These tokens will be necessary for conducting marketing promotions and creation of bonus and referral programs, which will help to SUGAR network users to receive LGBiT. SUGAR project plans to purchase LGBiT from its holders in the necessary quantities to ensure marketing purposes. Certainly, SUGAR could reserve a certain part of the token under project purposes, but the SUGAR team considered that it would be wrong and economically incorrect to keep the part of the LGBiT which are not backed by demand for ICO.
In conclusion, we can say that the acquisition of LGBiT on ICO can bring high potential benefit to its buyers and also will become a great acquisition and an excellent opportunity to support the new ambitious project for all future users of SUGAR.
We would be grateful to everyone who will put their faith in LGBiT. Trust in our token this is trust to our project!

Sincerely, the team of SUGAR.

www.sugar.lgbt