LITENETT – The First Network with Decentralized Payment System on Blockchain

The entertainment industry consists of all kinds of sectors from music, movies to every so enjoyable radio. The modes of media although enjoyable, seem to have made no progress at all beyond the years. Being the big brainy, species that we are, is changing and creating new channels al that we are capable of??

Another huge problem faced by the society with respect to the entertainment industry is the issue of incompatibility of online transactions. With the world of cryptocurrency, the masses have lost confidence in making trade and exchanges online. It seems almost like stepping in the fire, considering the infamous scams and other cyber crimes.

LITENETT is the project that realizes the issues along with the underlying potential in the services of the entertainment industry. The project is powered by the blockchain technology and strives to provide a platform safe and secure transactions related to movies and music. The main aim of the project is to provide all entertainment related services on a single platform to provide a serving experience, never witnessed before.

Litenett is a new European social network with decentralized payment system on Blockchain for the audience of hundreds of millions users. Our project allows users to get several services immediately in one application. We have combined social network, messenger, music and movie – video portals, radio broadcasting and events on one platform. Litenett supports more than 30 languages and it is available on all devices.

LITENETT also supports social media by allowing the user to create personal content like blogs and connect with the world on a bigger level. With additional feature of a messenger which ensures the safety of data with the help of blockchain’s transparency, one can make the most out of this project.

Music and video portals can enjoy going more interactive by allowing the user to make purchases and more through LITENETT. This would not only increase the quality of the content offered but an indirect chain of feedbacks will also be formed.

As LITENETT strives to bring all these wonders under the one roof of its app, doubts regarding so many transactions are sure to rise. With the help of the blockchain technology and the smart contracts, the users can stay assured of their money and the deposits. The app offers a secure wallet which is capable of holding various cryptocurrencies out of the reach of the scams.

The tokenization of the platform is unique in its own way. The tokens made out of the platform can work both in the crypto market and the real market.

Litenett monetization model covers such areas as Music, Radio, Podcasts, Cinema, Video, and has a platform for people’s diverse communication with the ability to create personal pages, groups, videos and micro blogs. In order to attract to us as small and also the largest media market players, we have created opportunity to manage their own products for music companies, cinema networks, radio stations and event companies. Having verified access to the common database, each company can independently, without intermediary services, deliver its products and services directly to the user through our platform, which will significantly reduce their expenses.

FEATURES OF LITENETT PLATFORM

App features

  • The app contains a various functional and allows the user to manage content, create groups and microblogs.
  • You can see all the posts and comments in your blog or group.
  • Private messages, group chats and channels.
  • You can listen to music and write posts, chat with friends, shop or transfer money to friends.
  • Section “Favorites” will help you to save the necessary pages, groups, channels, songs, albums, cinemas, etc.
  • Events line, your comments and answers.
  • Friends and subscribers – all in one app.

Messenger and global network

  • Messenger allows users to communicate in personal correspondence, as well as in group channel.
  • Voice and video calls, chats and group channels.
  • Group and private chats with a mode of correspondence destruction. Correspondence is not saved on the server, it is saved only on participants devices. It is impossible to copy, make a screenshot, save. It can be destroyed at the scheduled time.
  • Direct video broadcasts in a group.
  • It is not just a messenger with a high degree of protection, it is a multimedia platform for solving problems in everyday life.

Crypto-Wallet and Global Payment Infrastructure

  • Multi-currency Crypto-Wallet with the ability to store and transfer crypto assets
  • It is possible to replenish and withdraw funds, exchange for crypto coins.
  • Guarantee of transactions security and funds storage in the wallet.
  • Ability to perform service payment, services fees, to transfer funds to other users.
  • Funds transfer to users in crypto coins, fast exchange to USD or Euro. It is possible to buy goods and pay for services, make payments anywhere, for anything, in the litenett network, as well as in online shops or online litenett card in payment terminals.

Global infrastructure of crypto payments

In order to pay for goods or pay for a service with cryptocurrency, you need to convert existing crypto coins into Eurocoin (EURC) or Dollarcoin (USDC) which rate is tied to Euro and USD rate.

Thanks to modules and applications that can easily be integrated into any online shop, website or payment terminal, Eurocoin and Dollarcoin will be accepted as payment, as well as fiat money. Without entering stock exchange or exchanger, it will be possible to exchange Cryptocurrency on your balance in real time without losing interest on exchange,

The internal system will be connected to several exchanges. You choose the best rate and sell coins, getting in exchange Eurocoin or Dollarcoin, which can be used as payment for a purchase. The entire transaction will take a couple of seconds and similar operations will be available on any device. Also Eurocoin and Dollarcoin can be withdrawn on a card in Euro or in USD. It can be used for payment for purchases and withdrawals of funds in any ATM in any country.

TOKEN AND ICO DETAILS

The platform is tokenized with the tokens known as LNC tokens. The LNC tokens have a market value of 1 LNC = 0.6 USD as the pre-ICO sale price and 1 LNC = 0.7 USD as the actual ICO sale price. The token is based on the standardized Ethereum wallet and the minimum investment that can be made is 0.5 ETH. The amount of investment required for the soft launch of the project is about 1,500,000 USD and the hard capital required for the dreamlike project to turn in a reality is 30,000,000 USD. The pre-ICO sale starts in early October 2018.

TOKEN DISTRIBUTION

  • 10% Reserve
  • 3% Rewards, Bounty: Early Supporters
  • 3% Team
  • 4% Founders
  • 80% Token Buyers

FUNDS ALLOCATION

  • 25% Project development
  • 25% Marketing and promotion
  • 25% Reserve fund of the company for self-financing after the Project launch
  • 15% Creating a payment system, obtaining a banking license for legal financial transactions
  • 10% Research and development of new technologies in Blockchain field

ROADMAP

Q1.2013

  • Start of work on the project

Q3.2014

  • The main music portal MVP is launched

Q4.2014

  • Testing and working on errors

Q4.2014

  • Changing the project structure
  • Designing a social network
  • Start of developing new functionality

Q3.2016

  • Dashboards for users and companies are launched

Q4.2016

  • Development of portal mobile version

Q1.2017

  • Testing and launching functionality for companies – content management

Q2.2017

  • Designing mobile application for Android and iOS

Q3.2017

  • Testing and elaborating mobile version
  • Ability to upload and send photos, videos and music

Q4.2017

  • Launching and testing chat, correcting bugs
  • Testing functionality of group creating
  • Launching functionality of user verification
  • Developing “Marketplace” functionality and ability to create an online shop

Q1.2018

  • Start of work on ICO implementation
  • Preparation and implementation of Pre-ICO
  • Preparation and implementation of ICO

Q2.2018

  • Increase in personnel
  • Extensive work on all sections of portal
  • Work on monetization system (encouraging users through advertising)
  • Launching and testing all languages
  • Designing payment system and creating a next-generation Blockchain

Q3.2018

  • Developing of automatic advertising system
  • Testing of new database
  • Testing of online shop functionality
  • Launching and testing Friends section
  • Combining all sections and testing of platform
  • Working on bugs and correcting errors
  • Testing of mobile application for Android and iOS

Q4.2018

  • Launching of social network Litenett
  • Launching of mobile application for Android and iOS
  • Work on improving platform functionality
  • Extensive marketing campaign

Q1.2019

  • Network scaling for millions of users
  • Launching of a new Blockchain and platform transition to new payment system
  • Obtaining of banking license for legal financial transactions in cryptomarket
  • Exchanging of tokens for new digital cryptocurrency
  • Integrating of new digital coins with stock exchanges

TEAM

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For more information, please visit:

Website: http://www.litenett.com/

Whitepaper: http://www.litenett.com/whitepaper.pdf

Telegram: http://t.me/litenettcom

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

Twitter: https://twitter.com/litenettcom

Linkedin: https://www.linkedin.com/company/18572252

Medium: https://medium.com/@litenett/alex-capital-gmbh-presents-litenett-the-first-network-with-decentralized-payment-system-on-f832469efa6d

VK: https://vk.com/litenett

 

Author: JigaMola

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143

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JigaMola

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