Looks promising but im worried a bit about the "revolutionizing" part. Webcam platforms like this have been around for ages, and are about to become obsolete. There are already thousands of websites who use tokens to tip performers, the only difference is that they dont use crypto. I do see potential in the performers revenue (although yours is still incredible huge), but not in the platform itself. A simple webcam site isnt much of a revolution..
You mention "no third party involved", but if customers want to tip models they have to buy your coins right? To buy your coins they have to buy btc and you need a third party for that. If you have your own system and if you want people to buy coins with creditcard or whatever you can not go around a third party. Can you please explain this a bit more, maybe i dont understand it correctlyy.
Also when i look at the team i cant find any info of experiences in the adult industry besides cammodel littleroxie. Do you have any connections in this industry? For me this is important to know as the adult industry isnt like any other industry...
If i understand the project well enough one of the real benefits is the efficiency of payment between the model and the viewers. Blockchain is most efficient in cutting out the middleman, for instance a payment doesn't have to go from you >> bank >> to whatever. I can't find it now, but they had an infograph showing the 'cut' the platform/3rd party usually takes with webcam platforms. Because of blockchain efficiency the models can get paid significantly more. Better paid models is higher quality models, they will prefer to work for Live Stars compared to other platforms of course. Better models = more interest from customers, etc.
I definitely see big advantages of using blockchain.
True, i agree deleting the middleman is always a good thing. But on the infographic i can see they ask for a 20% commission. Thats not cutting out the middleman, thats putting yourself as a middleman. I hope i see this percentage wrong, but that is what i read in the infographic.
Also delays in payments arent a "huge" thing in nowadays adult market. Customer deposits are instant 99% of the time. But indeed the payouts to the models normally have a waiting period due to chargebacks and stuff like that, so that indeed is a small improvement.
But although there are a few good things, the question you should ask yourself: will normal customers a) know how to buy bitcoin in the first place, b) know how to send that to an exchange and c) know how to convert those into livestar coins. Well i can tell you, 99% of all normal people wont do this ever. And even if they know how to do that, it will cost way more time then just depositing with your creditcard.
And again im not saying this to be negative, but i know the adult market, customers are most of the time horny - which means they dont have any patience - and those people are already leaving a site if they even hear the word "crypto" or "bitcoin". It will take decades before the mass will use things like this. And yes offcourse new ideas/tech is always good, and someone has to try, but still... there is a long long way to go