LoveBlock started with a mindset to provide an alternative for a tradition that’s actually more efficient (remember, you don’t need to travel to Paris?) and truly eternal (remember, the locks that are supposed to depict unbreakable love are being removed by local authorities). So, yes, we also need to make money to get the platform going.
Following are the ways we earn
Every lock you buy that was originally created by the LoveBlock team gives us the lock’s cost as revenue. Every lock forged by a lock owner that’s given rent or sold gets us a percentage of the net transaction amount. Every transaction on the platform such as upgrading a lock gives us a fee.