Litenett: Multimedia Social Network
The first Network with Decentralized Payment System on Blockchain
The main music portal MVP is launched
Dashboards for users and companies are launched
CEO - Lead Engineer & Founder
Germany Education: Engineering, Computer science and computer facilities.
2008 – 2011 Head of the Company GV World GmbH. Direction - sales, copyright in the field of cinema and music.
2011 – 2015 Founder and Head of the Project Global Copyright Management www.web-copyright.com. Creation and design of search and control systems, project development.
2013 Founder of Litenett Project, since 2015 Head of Alex Capital GmbH. Company.
Financial Analyst and Advisor
Germany. Financial analyst and consultant
Occupation: Financial Adviser, Financial Consultant and Auditor, Self-employed Entrepreneur.
Occupation: Investment Adviser, Investment Consultant, Financial Adviser, Financial Consultant, Internal Auditor in the Financial Field.
Business Development & Consultant
- Crowdsale (40%)
- Reserve fund (37%)
- Rewards, Bounty: early supporters (3%)
- Team (5%)
- Founders (15%)
- Project development (25%)
- Marketing and promotion (25%)
- Reserve fund of the company for self-financing after the Project launch (25%)
- Creating a payment system, obtaining a banking license for legal financial transactions (15%)
- Research and development of new technologies in Blockchain field (10%)
Cost of the token1 token for 0.55 $
Price without discounts
Rate the project
Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users2
I like the project due to its uniqueness, as the social media area is very complicated and I heard a lot of "plans" or ideas which were never properly plugged. The project looks relevant and actively developed by the Team. The structure of the project is very well organised and I like the organisational chart of the API for external parties. So, the project looks very decent.
Risks and disadvantages
Regardless of the technical side of the things, the white paper doesn't disclose all the benefits and more concentrated on the technical side along with ICO model. It looks fine, however, I would recommend investing in the "interactive" presentation of the project, considering the potential audience.
Overall, I can see that the project has enormous potential, however, the white paper needs some elaboration to disclose benefits and strong sides of the project, as it might be quite challenging to understand the idea from the white paper.
The website is available in few foreign languages. That means that the team wants to attract funds from different countries. A significant advantage is the beta version. Users can already check its functions. In addition, there is a variety of payment options people can use for investing ( Ethereum, Bitcoin and ''fiat'').
Risks and disadvantages
When entering the website, one can notice that its connection is not secured. Thus, 25 % of all tokens are kept for the reserve fund. That fraction is too high, as founders can influence token rate when it enters the market.
Overall, the project looks a promising one. While analyzing its Roadmap, which starts from 2013, it is informative enough. So, I recommend people the following platform for investing.