Dear friends, we decided to make a detailed post about the benefits of purchasing Litenet tokens.
It's no secret that every investor buys tokens in order to be able to sell them at a higher price later on. On current market, most investments go to pure blockchain projects or projects developing blockchain services. But such projects attract funds only during the ICO, and after that tokens are not in demand in the secondary market. The only way to use tokens is resale, which cannot last forever.
Everyone is waiting for the opportunity to sell tokens at the peak price, but a question arises: who is going to buy crypto on the peak of its growth? Perhaps some percentage of newcomers will, but only smart investors have serious money, which means there is no purchasing power at the peak price. It is precisely for this reason that 50-70% corrections occur.
I think that the point is clear and it is possible to switch to the economics of the Litenet token. First and foremost, the project audience is not related to crypto-community. The Litenet project is primarily a new European social network that brings together the most popular trends for young people and the ability to earn money for viewing ads and gathering subscribers.
A survey was conducted, which showed that 8 out of 10 respondents were ready to immediately install the Litenet app. The first version of the project - music platform - was launched in 2014 and in a year gathered 1.5 million users without any advertising.
At this stage, the project is more than 70% implemented: the main sections of music, cinema and events are completely ready, the social part of the project is more than 90% ready, and the function of advertising and promotion is at the early stage of development, but this will not prevent the launch of the project.
The tokens can be used to get discounts for advertising or to pay for various services. But most importantly, after the launch of the project, we will begin to reward users for viewing ads (the rewards will be present in the account section). The users will be able to withdraw funds only if they have the project tokens, which they can also buy for the money earned.
As the audience grows, the demand for the token will grow as well. The tokens that were used to pay the fee is destroyed and not used again. In the first year we plan to collect up to 100 million users, which will undoubtedly lead to a rise in the token price. Each investor will be able to register and, in their account, put their tokens for sale at a bargain price. The starting price of the token on our platform is 1 euro, and tokens cannot be bought or sold at a lower price. Ordinary network users will not be looking for a place to buy tokens a few cents cheaper, as this is related to the risks and fees for exchanging fiat to crypto. Nobody will carry out such complex and costly operations in order to buy 5 or 10 euros worth of tokens.
We have calculated the predicted increase in token price according to the demand and volume of already existing cryptocurrencies. The predicted token price for the audience of 100 million users is about 10 - 15 euros, which is a 30-fold increase in comparison with the ICO price. The remaining tokens of the project will not be put for sale until all the investors' tokens are sold out.