Livestars! ICO and bounty.

Live Stars is creating a webcam platform of a new generation, which is based on blockchain technology. The main goal of our project is to develop an automated system with transparent structure and a variety of individual advantages in comparison to existing projects on the market.

Live Stars is creating a webcam platform of a new generation, which is based on blockchain technology. The main goal of our project is to develop an automated system with transparent structure and a variety of individual advantages in comparison to existing projects on the market.

We set out to solve a number of issues: to eliminate high commissions, to remove payment delay, to improve security systems and to provide the complete anonymity for users, making the relationship between customer and model free of mediators. Our experience in software development and blockchain technology integration, as well as our inside knowledge about the webcam industry, allow us to create a modern platform, which is one step ahead ofthe existing analogs.

Webcam platforms are getting more and more popular nowadays. This isn’t particularly surprising — modern customer is fed up with various and easily available pornographic content. However, no movie, story and even interactive video game can compete with an actual dialogue with a sweet webcam model.

Men and women all around the globe use such an opportunity to earn themselves some money. According to Newsbeat, 150 people become webcam models each month in UK alone, and this is only the beginning — famous pornographic studios are only starting to find out about this new branch. Most models work independently and do not get an opportunity to use professional equipment.

Integration of smart-contracts into business-logic and the financial segment of the platform provide more efficent, secure, and convenient communication between users, models, and the platform.

The key features platform are:

complete anonymity and security of users

data stored safely and in encrypted way

no mediators and limitations in the financial segment

the highest earning rates for models

private chat encoding even from Live Stars staff

serverless video chat technologies

open source code

Project team has recently announced their token presale, which will start on 15.09. Their new solution is meant to provide solutions to main issues of the current market, and is taking advantage of blockchain technology. Blockchain philosophy is mainly about lack of centralized control and surveillance, which is crucial when it comes to something as personal as webcam.

When speaking about problems in the system, its structure should first be discussed.
Several famous projects such as: LiveJasmin, Chaturbate, Bongacams, ImLive, and others, hold the leading positions in the market today. We have carefully checked the activities of these projects and can see a number of problems in this obsolete business-scheme.

The webcam industry is an exciting and growing niche; in 2013, the New York Times estimated that the annual revenue from webcamming was more than $1 billion, and that the revenue generated through webcamming represented 25% of all the revenue in the pornography industry as a whole. The revenue generated in the webcam industry has no doubt increased since 2013.

Live Stars aims to technologically revolutionize this field by addressing and solving several key issues within the industry: high commissions, payment delays, and lack of anonymity for users. In essence, Live Stars aims to create a fundamentally new webcam platform to create a more efficient, secure, and convenient interaction between the users, the models, affiliates and the Live Stars platform.

Usually webcam platform

Webcam platforms, as a legal entity, can sign contracts with models as an employer, provide them with creditworthy web traffic and keep the license requirements in their control. Activity of the platform is supported by numerous sta,
divided into dierent subdivisions: department of payment acceptance, responsible for checking of transactions, department of verification for models, where models are being checked for compliance with the internalrules ofthe site, as well as department of payment for models, technical support, moderation department, marketing
department etc.

Currently, the work of the departments is not automated – the staff in the leading webcam sites have to process huge volumes of information and requests manually and around the clock. To cover the related costs, the
platform has to require substantial commissions from payments – 60% on average. Thus, if user has bought internal value tokens in the amount 100USD and has sent this amount to the model, she will only get 40USD.

To receive their earnings, the model has to earn an obligatorily minimal amount according to contract with the platform. As a rule, websites stipulate a minimal amount of 50USD. Moreover, payments are transferred within a strict fixed
period of time (mostly once a week, on a certain day). During this hold, the model's account is being checked for possible fraudulent activity. As a result, earnings of models can be blocked by the administration until all circumstances
will be clear or payment can be completely denied.

For example, on Saturday, a model has earned 100USD for the first time and wants to withdraw money onto her card. However, the site is making payments only on Thursdays. From the date of the request, there are 7 days of a hold and on Thursday, the other instance called payout department is making the money withdrawal manually. In this real-life example, the model was waiting for money from the website for 12 days. Money crediting can also take some time, depending on the chosen method of payout. Bank transfers, for instance, takes 3 - 5 business days.

Now, as we acknowledged the structure of the webcam industry, we can go into deeper detail about the actual problems in the system and their solutions, all offered by ourteam.

Problem 1: Lack of user anonymity

Each webcam site has its own database, where information about all registered users is stored.

Successful and declined purchases (transactions).

Names and surnames, mentioned during transactions.

IP-addresses, geo-location, time of login/logout and other system parameters.

Credit cards details or other methods of payments.

ID numbers in case they were requested and user has submitted them.

This includes the following:

All user activity is also recorded, for example, payments to certain models, times of private chats.

Note, that all chats on the sites are stored as logs, including all private chats with models, and they can be available for administrators at any time to check if there has been any violation of the stipulated rules.

In case the customer uses his own webcam on the platform (“cam-to-cam” option), broadcast from user to model is going through the server of the platform. It means that private broadcast can be watched by the system administrator or any other personnel.

The system can easily track the repeated registrations and it binds the real account owner in accordance with available information.

All this information is controlled by different employees of the platform and since the system is not open source, no one can completely guarantee that the gathered data is stored safely, encoded, and will be deleted within a certain time or upon the user's request.

Live Stars’ solution:

Services of the Live Stars platform can only be paid for using cryptocurrency tokens. Lack of payments from fiat currencies makes us free from gathering and requesting the personal details from users.

Cryptocurrencies will be bought by users from outside services so that way the Live Stars team won't have the access to information about transactions.
To get services from models on the Live Stars platform, a user who tours the site has to buy “LIVE” tokens using another cryptocurrency. For our customers’ convenience, there will be a conversion option in accordance with current the exchange rates. In case the customer prefers to pay in other currency, there will be the possibility to pass to the independent outside service to purchase cryptocurrency, including fiat currencies.

Private video-chats, as well as private messages, will be encrypted one-toone without any mediators.
Currently, it can be accomplished when using such open-source projects like WebRTC.

Problem 2: Payment errors of users

Within usual webcam platforms, all payments from users usually pass through many outside services of payment acceptance. Usage of such a huge system often leads to failures and errors. As a result, money crediting to the internal account of user can be postponed for an indefinite period or even cancelled.

Live Stars’ solution:

As it was mentioned above, all payments inside the webcam platform are carried out in cryptocurrency. Such a format of payment for services is much faster and safer for any user of the system – transactions do not require any outside mediators and checking by the site's staff

Problem 3: Low rate of payments for models

At the present moment, webcam platforms can seldom offer their models more than 40% - 50% from the amount transferred by the customer. Moreover, payments do not always correspond to the promised rate –different hidden fees and conversion rates sometimes lead to partial deductions of the total amount and this causes distrust amongst models. It should also be noted that there is a commission fee charged by some ewallets and internet banking solutions.

Problem 4: Minimal amount, delays and errors of payments for models

The minimum amount for possible withdrawal for the models is currently 50USD or more. Even if the stipulated minimum is reached, the model has to wait for a certain day of the week and the end of a payment period in order to
get her own earnings

Live Stars’ solution:

Our platform can guarantee our models a complete lack of any minimal amount for withdrawal of funds. All payments in Live Stars are automated with functionality of open smart-contracts, that totally removes the human factor and minimizes risk of money loss. Thus, a model can withdraw any amount of her earnings into her wallet at anytime. For the convenience of model, there will be the possibility to convert the “LIVE”token to other cryptocurrencies, in accordance to the exchange rate.

Problem 5: Lack of access to payments settings

At the present moment, payment settings are available forthe administration for the webcam platform only. To change the method of payment or other settings, the model has to contact the correspondent department, where it will be required to confirm the identity by documentation. It is obvious that such a system requires extra time and eort,
both forthe website staff, and the models.

Live Stars’ solution:

On our platform, there are no limiting settings for payment transfer. This helps diminish the staff and some departments to make the company economy more efficient.

Problem 6: Chargebacks (cancellation of model’s earnings)

Nowadays, stolen credit cards are often used to pay for the model’s services. In this case, it’s fairly easy for the actual owner of the card to prove that they haven’t made any payments to the platform. If that happens, the website is obligated to return the charged amount back to the owner’s account. Sometimes, the funds are withdrawn from the model’s account, which violates the values offairlabor compensation.

Live Stars’ solution:

Since all financial activities on the Live Stars platform are made using cryptocurrency, credit card fraud becomes impossible. This gives the models full confidence in the security of their earnings.

Live Stars’ additional advantages

There will be no purchase limits on the platform.
Additional work will be done in order to make our platform compatible with the modern Lovense and Ohmibod toys. These are simple adult toys which react to the amount of the tip given by the user and are very popular with the
models.

We plan to cut server maintenance expenses significantly by utilizing peerto-peer content distribution network for public streaming. Private video chats and messages will be carried out through webRTC on ‘one-to-one’ principle without a server. No mediators (including administrators) will have access to private information.

Live Stars team

Today, the team consists of fourfulltime specialists. Soon, we are planning to enlarge the team by inviting additional programmers, marketing specialists and designers to the project.

Aleksander Kansky — Aleksander is the lead programmer of the Live Stars project who has broad skills and a considerable experience in IT field. He started his software developer career in 1987 and in 1999 he started to work as a senior software developer. He has worked in various international large-scale projects and also took part in creating the architecture of one of the leading webcam platforms. He has Master's degree in applied mathematics.

Martins Heidenbergs — Martins is an organizational lead of Live Stars project and he is also in charge of token sale marketing. He has degree in Information Technology - Project Management. He has participated in different projects on a global scale and has work experience in large international company. His main goal is to do everything possible to create an excellent product and ensure Live Stars success!

Olegs Kurovs — the programmer of Live Stars project. Has experience in programming high-load administration systems at an international company.

Linda Gabrane — the head of Live Stars finances. She is in charge of budgeting and business analytics. Has work experience in the banking sector.

Aleksander Rivkin - Aleksander is a designer of Live Stars platform and is responsible for the interactive aspects of Live Stars platform and ensuring the service is convenient for both models and members. Has over 6 years of experience in design of feature rich apps & websites with deep engagement and large user base.

Crowdsale

Fundraising and issuing Live Stars tokens will serve as the means to finance the marketing and advertising of the Live Stars platform, as well as the Live Stars platform software development.

Live Stars tokens will be used to make payments on the Live Stars platform. During the presale stage, the funds can be sent with ETH currency. The contract’s address will be announced on LiveStars.io before the beginning of the crowd sale. The tokens will be transferred immediately afterthe funds are received at the contract’s address. 200 million “LIVE”tokens will be issued in total.

ICO will be held in two stages:

Presale (September 2017)

During the presale stage, 20 million LIVE will be sold. 1 LIVE cost = $0.05
(1/4 ofthe price during the second round)
Hard Cap - $1,000,000
Alltokens not sold during presale will be available during ICO.

ICO (January 2018)

120 million LIVE will be sold during ICO
Hard Cap - $24,000,000
1 LIVE cost = $0.2
Tokens not sold during ICO will be frozen and non transferrable untilthe end of 2019.

On absence of guarantees of income and profit provision

All the provided calculations of income and profit are of illustrative nature, they demonstrate the goals and the average results for the field. The given calculations do not guarantee the achievement of the given results according to the marketing plan.

Standard ambiguity

The technologies, which are related to the blockchain, are subject to monitoring and control of various regulatory authorities all over the world. LIVE tokens might be subject to one or more inquiries and actions from their side including but not limited to posting restrictions on use or ownership of digital tokens, such as LIVE tokens. These restrictions might slow down or limit the functionality orreacquisition of LIVE tokens in the future.

LIVE tokens are not an investment

Live Stars tokens are not regarded as official investments or investments effectual in law. In case of unforeseen circumstances, the goals provided in this document can be changed. The parties partaking in the purchase of Live Stars’tokens bear allthe risks ofthe given transaction

Consent to the terms and conditions of warranty

You agree that the usage or inability to use Live tokens by you is carried out at your own risk, therefore you will not hold the Live Stars platform accountable. LIVE tokens will be sent to you without warranty, explicit or implied. By agreeing to the aforementioned terms and conditions you renounce any guarantees of commercial value for accomplishment of a certain goal and accept the name with no intellectualrights infringement. Due to the fact that some jurisdictions do not allow far exclusion of implied guarantees, the mentioned above exclusions of the implied guarantees may not be applied to you.

NEWS AFTER PRE-SALE

Several days have passed since our presale has ended, and now we can focus on preparation of our ICO and development.
Yesterday, we had a meeting, which took longer than we expected. We came to a conclusion, that we have sufficient resources in order to make Live Stars much better than it is now. We have decided to add several important features to our alpha version, update our landing, make it possible to contribute to our ICO using several cryptocurrencies and make sure everything runs as smoothly as it did on presale.

Taking all feedback we received into account, we decided to reconsider our future plans and timetable.
First of all, we are moving our ICO starting date to 15th of January. We know this is quite a delay, however we believe it will be much better for Live Stars and everyone involved in our progress. Extra time will provide us an opportunity to prepare much more material, widen our marketing plan and perform an independent security audit before our ICO starts.

Secondly, we decided that all tokens not sold during our ICO will be burned using a smart contract. Developer rewards will be calculated accordingly — 14% of the amount sold. This will ensure investors receive a larger part of LIVE tokens. This will be included in an updated version of our whitepaper.

Thirdly, we are going to participate in Blockchain & Bitcoin Conference Moscow (https://moscow.blockchainconf.world), which will take place on 15–16 November. Hope to meet you there!

Bounty campaign https://bitcointalk.org/index.php?topic=2145160.0

BOUNTY CAMPAIGN WILL LAST UNTIL THE END OF THE ICO - 15.02.2018
WE WILL PAY BOUNTY REWARDS AFTER OUR ICO IN FEBRUARY 2018

Site http://livestars.io

Whitepapper http://livestars.io/whitepaper.pdf

Bitcointalk https://bitcointalk.org/index.php?topic=2144391.0

Facebook https://www.facebook.com/LiveStarsIO/

Twitter https://twitter.com/LiveStarsIO

Forum https://bitcointalk.org/index.php?topic=2145160.0

My bitcointalk https://bitcointalk.org/index.php?action=profile;u=118417