Hmmm
The more I read this whitepaper, I am struck by the absence of technical thoughts about problem-solving in this business. At the same time, the lead programmer is very experienced and the site is professionally designed.
Other issues from the white paper:
Industry facts
"The following information has been collected based on the work of the technical support of one of the top webcam sites:"
"The technical support department receives an average of 750 chats per day and receives an average of 100 emails with various problems." (NOTE....that's not many chats!)
"On average, there are 250 new model registrations on a top website per day." (NOTE...ok, this is 1750 per week or 7000 per 4 weeks, that is good)
80% of them are the new models who never before worked on this particular platform. (also good)
10% of these new models become successful models that work in the future as well.
60-70% of the new models stop working before they can collect the minimal amount for withdrawal. (this is the BIGGEST issue for a site like this. What stops them from doing it again? Is it technical, privacy, payment or maybe dealing with unpalatable males? Did the site have feedback questionnaires for the females. Can livestars do this to ensure a Quality Assurance process?)
"99% of the newly registered male models never collect the minimal amount for withdrawal." (note - no surprise! But, the fact raises more questions than answers).
good facts indeed. i have to add that i found out, that there is no burning of tokens or something like this in the program. for example, you pay the model 10tokens = 1 token goes to dev fund, 1 token gets burned and 8 tokens the model gets. that way, the total amount of supplied tokens would gradually lowered, thus resulting in rising the price continually
this option, would be very good for investors now and upcoming new investors, ofc.
This option (burning of tokens through transactions) cannot be applied here where the token is meant as the only payment method usable on the site.
But, if the platform succeed, the price can only rise, because there will be a fixed number of tokens and more and more users willing to buy it to use the platform, so more demand! Especially if some investors are holding it!