What is Lovecoin (LOVE)?

What you need to know

Lovecoin is a peer to peer cryptocurrency with a focus on supporting philanthropy and encouraging mainstream cryptocurrency adoption.

The cryptocurrency revolution has undeniably brought about a huge amount of technological and financial progress over the past decade.

That stated, one weakness of 99% of existing cryptocurrency and blockchain projects that exist currently on the market is that in order for users to use them they must first pay money to buy the token.

This creates a significant barrier of entry for encouraging mainstream user adoption. Not everyone has the money or the willingness to go out and buy cryptocurrency directly, especially when they are new to the technology.

If you look at a list of the most successful internet companies today, including the likes of; Google, Facebook, Snapchat, TikTok and Twitter, you will notice that almost all of these companies offer free on-boarding of users. It is safe to say these companies would not have achieved anywhere near the level of success that they have, if they charged users upfront to use their website.

Lovecoin aims to solve this “pay to use” problem within the cryptocurrency industry by distributing 40% of its total newly issued currency supply to airdrop lovecoins to new users. We believe the value of any given currency network is ultimately in its user-base. A currency network that onboards millions of new users is bound to grow in value overtime and can be successfully monetized without making users “pay to join”.

At the moment new users of Lovecoin who signup for our airdrop are granted 50,000 free coins. This amount will decrease overtime all the way down to a projected 50 new coins per unique user due to Lovecoin’s strictly limited supply. So the earlier on an individual free claims their Lovecoins, the more that they will receive. This helps reward early adopters and encourage users to signup right away.

Lovecoin rewards users for spreading the word to their friends, family and followers.

In addition to the “pay to use” problem most existing cryptocurrency projects present, the fact that cryptocurrencies are decentralized in their nature presents a secondary problem known as the “Tragedy of the Commons”. Since cryptocurrencies don’t have centralized companies at the center of them like typical corporations do, it is typically hard to successfully run an advertising campaign. The reason why advertising to acquire new users can be challenging is because cryptocurrencies are setup in a way where usually no single user controls a large enough piece of the coin supply to make advertising generate a profitable ROI on their investment. This means that many times nobody is running advertising to onboard new users within the project.

Lovecoin attempts to solve this problem through the implementation of a built-in referral / affiliate marketing program. When you successfully refer new users to free claim lovecoins, you are paid up to 50,000 Lovecoins per referral . Refer just 20 unique users and you could become a Lovecoin millionaire!

Lovecoin aims to bring the affiliate marketing model successfully used by companies like Amazon to the cryptocurrency space. This will enable the rapid on-boarding of new users, far greater than the efforts of one single entity or person ever could.

Lovecoin is built to help raise money for charitable causes.

One of the things that makes Lovecoin different from almost every other currency in the world, is the fact that 10% of the total newly released Lovecoin supply goes directly to support user voted upon charities and causes.

Lovecoin raises money and awareness for philanthropic causes such as; helping end world hunger, providing jobs & education for those in need, and supporting local charitable organizations such as covid relief programs and animal shelters.

Any user of Lovecoin can participate in a democratic voting process to determine which causes are supported through Lovecoin token donations.

Lovecoin makes “coin mining” accessible to anyone in the World with a PC, no specialized or expensive mining equipment (which burns tons of electricity) is needed.

Lovecoin has implemented an innovative new cryptocurrency mining method dubbed “Proof of User Activity”. Using this method anyone can successfully mine for lovecoins using just their Home PC. There is no need for specialized and expensive mining equipment. To mine all one has to do is; download the lovecoin mining software and begin watching videos and or searching the web. 40% of the total lovecoin supply is paid out to individuals who participate in the “coin mining process”.

Lovecoin the great investment opportunity?

Do you wish you had a time machine to go back in time and buy bitcoin when it was trading for less than $1 per coin? Or buy ethereum when it was trading at only 50 cents per coin? You’d be like a gazillionaire if you could.

Well the good news is the price of Lovecoin is currently trading at small fractions of a penny today. If Lovecoin successfully onboards millions of new users within the next few years like we intend to, just imagine the exponential investment gains that could potentially produce.

Not going to give you investment advice here… however you might want to own some “just in case”.

Like literally what could be better than spreading cryptocurrency adoption, supporting charitable causes and making money all at the same time?

With Lovecoin all three of those things are made possible.

Lovecoin is the future, the only question is; Will you be part of it?