This "little" project of mine required much more time and effort than what I had first anticipated.
The whole Luv token idea was at first a fun little exercise to learn more about smart contracts and to (hopefully) make some money.
That was quite a lot to learn!
And yes I had to learn all this because I'm no programmer. I'm just a guy who finished high school last year.
(I'm going to study Mathematics by the way)
In order to go through all those hardships and finish this big project on my own, my goals had to change.
This is no longer just a fun little project. This is my art.
This is my vivid red mark in a mundane and devoid of true love world.
Love is the most important and powerful emotion. (The one that always defeats the bad witch)
You may even say that love is the strongest force in the whole universe.
Considering that, it is a shame that love has been reduced to stuff.
It truly is devastating that love is being related with money; and in general material possessions..
Following that logic, actually turning love into a token and selling it would be the worst.
However, the idea is an ideal irony which is so much needed to wake up people.
Love can't be bought.
Then again... it can.
People forgot how to truly love and instead express their love with money.
That is flawed since love is not a thing; love is an emotion, it's a bond.
The confusion of money with true love leads to multiple fatal errors.
First and foremost, due to that, many are led to believe that love is non-existent...
Moreover, those who are still "believers" are in constant agony since nobody can guarantee that you will keep your love.
Love is not secure nor can you know exactly how much you are loved.
Last but not least, it is an undoubtable fact that
most times people give more for the amount of love that they receive in exchange...
Luv is a fungible token built in the Ethereum blockchain under the ERC20 standard.
The only purpose of Luv is to serve as the token of love; to make transactions of love fair.
By naming it Luv we differentiate it from true love, afterall "Luv is the kind of love you can buy, sell or trade"...
That sets Luv apart from the "pure" emotion and adds some benefits since it's a token in the Ethereum blockchain.
Luv is secured in the immutable blockchain. Nobody can steal your Luv!
It also removes uncertainty of the amount of Luv you possess since it's countable with a precision of 18 decimal digits.
Therefore, by trading Luv utilizing the smart contracts' technology you are guaranteed to receive the amount of Luv you have agreed upon and keep it.
The crowdsale begins at August 20, 2019 12:00 AM GMT.
It ends at January 1st, 2020 12:00 AM GMT.
Luv's initial total supply is 0 LUV. Every time you purchase Luv with your ethereum
Luv is created, sent to your wallet and the total supply increases.
At first the rate is 1 million LUV/ETH meaning that you get 1 million LUV for 1 ETH.
The rate decreases by 10 for every million Luv purchased, meaning that when the total supply is 1 million LUV the rate is 999990 LUV/ETH.
Therefore, Luv's price increases as the total supply increases.
There is no hard cap ,however, at 100 Billion LUV the rate will be 0 LUV/ETH so that could be considered the "hard cap" even though there is no limit on the amount of Luv you can buy in one transaction.
As a result theoritically more than 100 Billion LUV could be minted in total despite the fact that it's practically impossible to buy such a great amount of Luv -at once- to go beyond the 100 Billion LUV "hard cap" (or to buy enough Luv at all, once the rate is really low).
All ethereum collected will be the fuel of my life to help me achieve my goals.
One of them is to develop this project even more; to update the UI and add new functionality to the site, that is if Luv is a success...
With your help Luv could be something big, something great.
Also, if I receive a lot of ethereum then I will be able to sustain myself while studying in the university and fund my next projects; which will be much greater.
Basically it's just me.
Completed the UI - site
July End 2019
Dapp/Site goes live
August 20th 2019
Launch of crowdsale
End of crowdsale