LITENETT - First Multifunctional and Multimedia Social Network With...

http://www.litenett.com/

Litenett.com 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.

Project Litenett

Our multimedia platform Litenett solves the above-mentioned market problems. We will make cryptocurrency interesting and available to every user and business. Litenett is a social network with a payment system, marketplace and options to receive payment in cryptocurrency.

Litenett is not just a simple network to connect all social networks. It is a service that rewards active users’ behaviour, a meeting place for content sellers and consumers, and also a network that provides social communication channels to promote goods and services.

Three Pillars of the Litenett social network:

communication between users and their interaction with companies;

purchases of digital content and physical goods;

reward for watching ads and taking active part in actions on the network.

ABOUT THE PROJECT

The Litenett project is a next generation multimedia social network, supporting more than 30 languages with a payment system based on blockchain technology. Our project is intended primarily for European and English-speaking audiences. Litenett allows users to get multiple services in one application at once.

Social network

The social network of the Litenett project is a full-fledged service for communication and content exchange. Users will be able to communicate with friends, place posts, create groups, maintain video and microblogs, create channels, group and private chats. They will also be able to buy music and movies or listen to and watch them for free and at the same time receive rewards in tokens for viewing advertisements, upload and download audio and video content from their mobile devices, create playlists, listen and send songs to friends or loved ones as a gift.

Media Marketplace and online store

In the Litenett social network, users will also be able to create an online store and sell their products similar to the eBay platform. The online sales section is also provided where products will be divided into categories, groups and subgroups. All goods can be purchased with digital coins or fiat money.

Content monetization options

Rights holders of video and audio content can use several methods of monetization:

● placement of audio advertisements in the radio - audiospot section;
● placement of audio advertisements in the section of free music - audiospot;
● providing unlimited access to audio content for a subscription fee;
● Placement of video advertisements in the section of video - videos;
● providing unlimited access to movies and paid video content;
● Banner and text advertisements.

Litenetcoin Token and Litenetcoin Coin

The first Litenetcoin Token will be created on the Ethereum platform and in the first stage Litenetcoin will become the main and only negotiable means on the Litenett.com platform. A lot of functionality is initially projected in Litenetcoin Token, and it has many useful features.

Litenetcoin (LNC) - is a utility-token of Litenett ecosystem. This is an open source cryptographic token implemented on the Ethereum blockchain platform. It is the main accounting unit within the Litenett platform.

Tokens of the project - Litenetcoin (LNC) ERC20 will be created on the Ethereum platform, and we are planning to only issue 300 million coins with a nominal price of $1 each. Additional tokens will not be created and their maximum number will never exceed the specified number. Unsold ERC20 tokens will be eliminated.

Token sale

Ways of purchasing Litenetcoin token (LNC):

· buy during a pre-sale or ICO;
· receive as a reward for participation in bounty program;
· receive as a reward for participation in referral program;
· earn on Litenett platform, by viewing (listening) advertising or committing certain activities in the social network.

Token application

Litenetcoin Tokens (LNC) can be used on the platform as follows:

· the token is a means of payment within the portal;
· users receive rewards in the form of tokens for actively managing groups, blogs, pages, etc.;
· a token is charged for likes and promotions of the material;
· users receive rewards for viewing ads with tokens;
· it is possible to pay for advertising, a service or buy some service with tokens;
· it is possible to pay for advertising with tokens by getting a big discount;
· a token gives an opportunity to receive a bonus when paying for services;
· a token can be transferred and exchanged between users;
· a token can be exchanged for other cryptocoins;

ICO

We plan to raise funds necessary to continue financing implementation of the project and its development by offering an ICO (Initial Coin Offering) through the sale of Litenetcoin cryptographic tokens, which will be emitted on Ethereum blockchain.

Tokens are offered with a bonus discount only during an advertising campaign conducted within the framework of the initial coins placement, which will take place in several stages: 14 May 2018 to 05 November 2018.

The minimum amount that we plan to raise as a result of token sale is $1.5 million (Soft Cap). If the total amount received during ICO is less than $1.5 million, the collected funds will be returned to the buyers. If this amount is collected, but the charges are still minimal, all funds will be used only for refinement of the project with more than previously estimated, cost optimization.