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Author Topic: [ANN[ICO]]SUGAR - the first decentralized LGBT social network [OFFICIAL THREAD]  (Read 1071 times)
grendel25
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November 06, 2017, 06:01:54 AM
 #21

I'll just add that while I'm really hopeful for success of this project, I have to be careful when considering investments.  It is good that you have a modest entry point in donations as far as that goes.  Ultimately, I just have doubts about competing in the already competitive social network market.  I have to consider profitability.

Then again, Sugar could be the Facebook that dethroned Myspace.  Well, you have my attention, Sugar.  I'll be watching.

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SUGAR.lgbt
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November 06, 2017, 03:45:05 PM
 #22

  Hello everyone! First of all, we want to thank you for every post here and your interest in our project!

  SUGAR is not one of many social networks. SUGAR is setting the pace as the first social network for representatives of the LGBT communities worldwide. It is designed to be an avenue for like-minded people to locate and interact with one another without barriers like sex, age, social statuses, color or race playing a divisive role. The only uniting factor for the over 300,000,000 potential users of the platform will be a unified ideology. The main difference from other social networks will be using of the Blockchain technology and integration of its own token - LGBiT.
 
  Users of the site are assured of the confidentiality of their personal information, because the platform makes use of the latest encryption method and the unique Blockchain technology in sending messages, storing and transferring data, including multimedia and files. SUGAR social network makes use of its own LGBiT crypto tokens, which users use for mutual settlements, payment for goods and services, as well as for fund-raise for charitable purposes.
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November 06, 2017, 06:17:57 PM
 #23

 In this post we want to talk about LGBiT token and its economic value:

   LGBiT token (LGBiT) is a digital token of the ERC20 standard, created on the Ethereum platform. The main purpose of LGBiT is the organization of the economic system within a new world social network "Sugar". But the task of LGBiT is not only the creation of a new economy around itself — LGBiT should become a unique token that will make every user of "Sugar" network an integral part of the overall community. LGBiT should unite people within the overall economic system.
   LGBiT, in order to become viable, needs to be useful and carry economic value. Services, using state-of-the-art technology and marketing solutions in the "Sugar" social network will provide LGBiT with basic economic value, will give it real value. LGBiT will be integrated into the social network and will become its integral part. It will become the main and only means of payment within the "Sugar", will form the basis for a new, common for all users, the economic ecosystem. Users of "Sugar" network will be able to pay services and products of network by their LGBiT, to obtain access to premium services with their help, to collect funds for charity and to carry out exchanges between themselves on the internal trading floor. The social network will also accept LGBiT for payment of their advertising spaces and other commercial services from clients who are not network users. This fact will undoubtedly make the existence of LGBiT even more economically reasonable.
Thus LGBiT will become the forming center of a completely new digital economic system within “Sugar” network. As the “Sugar” network grows, as its user and business partner base will grow and the LGBiT value, which in turn, will contribute to expanding the project, increasing its capitalization and  growing popularity.


    So why do we suggest to buy LGBiT today and how beneficial can be such an acquisition?


    As well as many other digital tokens, LGBiT will be implemented on the Ethereum public blockchain as a ERC20 token. LGBiT tokens will be available for transfer between the users and work is currently under way to ensure their rapid reintegration into cryptocurrency exchanges, where they will be available for trading. The number of produced tokens is fixed and is 50 750 000 LGBiT, 200 000 of which will be spent on the bounty program of the project, and the remaining amount to implement during presale ICO and ICO basic stages. Unrealized tokens during the ICO will be eliminated on the termination of ICO.
The main part of the funds collected during the ICO milestone will be spent on the implementation of the project, this is 95% of the funds, 70% of which will be allocated to complete the development and implementation of the main product — “Sugar” social network and its mobile versions, 20% for PR support and product promotional marketing and 5% for legal and financial services of the project. The remaining 5% will be distributed between the team of creators and developers of “Sugar”. It is clear from all this that the existence and value of LGBiT will be backed up by strong and popular product — and the token will become its integral part. It is not hard to imagine that in case of success of the "Sugar" project, LGBiT price will exceed the proposed price on ICO, which will be of interest to its potential buyers.
It is important to note that the work on creation of "Sugar" network is currently under way. According to the "blueprint/road map" of the project a working demo version of the social network is expected to be started in December 2017, with the possibility of registration and creation of the user profile. The introduction of this working version in parallel with the implementation of the marketing plan for the project development will allow to increase constantly the number of users of "Sugar" network for the duration of development and testing of the main product. Thus, by the time of the start of the first official release of the social network, it will already have an impressive number of users. Each new user, in turn, will do LGBiT  increasingly in demand.
    However, not only the potential users of “Sugar” network (the number of which by the most conservative estimates contains tens of millions) and LGBiT owners will provide its economic foundation and will create demand for it. LGBiT tokens will also be necessary for the network for its proper functioning. These tokens will be necessary for conducting marketing promotions and creation of bonus and referral programs, which will help to "Sugar" network users to receive LGBiT. "Sugar" project plans to purchase LGBiT from its holders in the necessary quantities to ensure marketing purposes. Certainly, "Sugar" could reserve a certain part of the token under project purposes, but the "Sugar" team considered that it would be wrong and economically incorrect to keep the part of the LGBiT which are not backed by demand for ICO.
    In conclusion, we can say that the acquisition of LGBiT on ICO can bring high potential benefit to its buyers and also will become a great acquisition and an excellent opportunity to support  the new ambitious project for all future users of “Sugar”.
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November 15, 2017, 09:18:11 AM
 #24

Please welcome our new Team member - Diego Macêdo (Brasil) - our Information Security Specialist.
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November 15, 2017, 06:16:17 PM
 #25

LGBiT Token to Introduce SUGAR Blockchain-Based LGBT Social Network. Pre-sale started on 15 of November, 2017.

   SUGAR is making available to the public its LGBiT token, which would be the cryptocurrency for users on the platform. The preliminary stage of the ICO (pre-sale) start date is 15 November 2017 and the end date is 14 December 2017. The total tokens to be sold are 550,000 and the cryptocurrency of exchange is the Ethereum; and 1 Ethereum will give you 800 LGBiT tokens. The minimum token purchase per individual is 0.05 ETH.
   To take part just go to https://www.sugar.lgbt/presale/
   The detailed instruction how to participate in LGBiT sale can be found here https://drive.google.com/open?id=1cwAh-73Pmcn5mLTJnJCWdCZ5Ji9Xea-I
keykey1
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November 23, 2017, 10:17:39 AM
 #26

This project will not be successful. Now there are a lot of different social networks to which people are accustomed and a new project should be ideal. On the contrary, this social network will indicate that LGBT people are being shielded from the world and are not normal people. IMHO

Alex.Baker0444
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January 05, 2018, 11:50:37 AM
 #27

Hello! I am editor from icoholder.com. Your IСO was added to our listing and now is available to investors: https://icoholder.com/en/ico/sugar-4295 You can edit your Page  by adding more information about your ICO after verification and also verify team members to improve ranking.
Harry Lee
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January 21, 2018, 02:17:49 AM
 #28

Ultimately, I just have doubts about competing in the already competitive social network market

This is a very good point. I would be interested to hear from SUGAR about how this effort compares to this one:
https://lgbt-token.org
It's backed by Hornet Networks (social network for LGBT with 25 million members).
IMHO it sounds super difficult to start with the token and then build the social network around it (than doing it the other way round)
I'm a member of the LGBT minority and only recently discovered crypto, ICOs, etc. I would like to invest in an ICO to support our movement and I'm trying to decide between these two ICOs. I have no idea how you evaluate/compare ICOs.
Any comments are welcome.
Cheers.
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January 24, 2018, 08:46:33 PM
 #29

I support LBGT community but I think this coin needs a better direction. What's the plans to utilize it? I mean yes it's an idea but it just sounds like a background story as an excuse for why the coin is around. I would like to see some sort of community to be build around this coin.

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