Live Stars revolutionizes the webcam industry, announces presale

The presale of the Live Stars tokens will be launched on September 21, 2017. 20 million coins or 10% of the total supply will be sold at a price 4 times lower than what is expected on ICO. The maximum presale limit is equivalent to $ 1,000,000. Live Stars is creating a platform for the webcam modeling industry through the use of blockchain technology. The webcam industry is an exciting and growing niche. Revenue generated through webcamming accounts for 25% of all revenue from the pornography industry as a whole. The team aims to revolutionize this field technologically by addressing and solving key problems within the industry. There are several problems with popular webcam websites today, such as LiveJasmin, Chaturbate, ImLive, and others. The first problem is the high fees. On average, major webcam sites have a 60% commission, which means a revenue share of less than 40% for models. Additionally, funds are put on hold for at least 5 days and are only transferred if a minimum payment amount is collected. This suspension can vary and some of the best webcam sites can hold your funds for up to 15 days. Another problem that webcam websites face is the lack of anonymity for its user.

Webcam sites have databases that contain the following information:

  • Successful and declined transactions
  • Credit card details
  • IP addresses, location, login / logout time
  • Names and Surnames
  • ID numbers in case they have been requested and the user has sent them.

In addition, all user activity on the platform is recorded. This includes logs of private chat conversations with templates. This would mean that any member of the platform staff could easily access confidential information and it is not possible to verify if the data is deleted or still stored. A corollary problem with payments is chargebacks from stolen credit cards. It is very easy for actual credit card users to dispute the stolen credit card charges, and the website is then obligated to refund the money given to the webcam models, which is a violation of the values ​​of fair labor compensation. All of these problems also affect affiliates.

Live Stars’ lead developer Aleksander Kansky has been a senior developer since 1999 and once took part in building the architecture of one of the leading webcam platforms. The experience in software development and the integration of blockchain technology and the internal knowledge of the webcam industry allow the Live Stars team to develop a new business model based on process automation and exploiting the latest technologies. Live Stars offers a unique solution by offering complete anonymity and security through the use of cryptocurrency / blockchain. Payments are automated through the use of smart contracts, eliminating the need for a person on the Live Stars team to authorize payments. By automating most of the processes, the Live Stars team has provided greater economic efficiency and, thanks to this, is able to guarantee models up to 70-80% rate from the total amount transferred by the customer. The funds will be transferred immediately and will have full control of the users. Thanks to the open source code and the lack of brokers for accepting payments, the financial area of ​​the platform is absolutely clear for both models and users. The platform is organized in such a way that the models can upload or delete all the necessary information themselves. Affiliates will also receive a modern and convenient platform to work with. Overall, Live Stars is a superior service to current webcam services. Live Stars will not only offer decentralization, but will also be open source, have complete anonymity for its users, share a higher percentage of revenue with its models, and have no minimum payout. This is sure to grab the attention of potential investors and future users.

This is a paid press release Cointelegraph does not endorse and is not responsible for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to the company. Cointelegraph is not liable, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Source link

Previous The new marketing tactics of porn | Financial Times
Next Webcam girls are now - you guessed it - on the blockchain