FAIRLORIS
"Comment on anything, anywhere, anytime"
Why it is profitable to invest in Fairloris project?The project has the potential of being widely disseminated among users around the world due to its great social significance. Users who have installed the Fairloris plugin in the browser can always read/add genuine feedback and comments to any pages regardless of whether there is a comments function there. Site owners cannot delete or edit the comments or reviews, thereby enabling users to read reliable information about products or services and to identify phishing and fraudulent sites. Users registration in Fairloris applications will be carried out through social networks, users will not be able to leave anonymous comments or reviews, and custom comments and fake accounts will be detected through a self-regulating moderation system that promotes active crypto currency users depending on their rating in the system, as well as through an algorithm for analyzing accounts in social networks through which the registration was conducted.
The project will be financed through advertising, just like Twitter and Facebook. The profits after deducting the expenses for running the project will be sent to owners of LORI tokens in the form of dividends, which will be paid twice a year, starting from May 1, 2019, this is provided for by the smart contract on the Ethereum platform. The project team will receive an additional 5% LORI tokens to all tokens sold, only after 12 months from the completion of the ICO, this is also provided for by the smart contract. After the completion of the ICO, the release of LORI tokens will be impossible, also, a pre- mining pool doesn't exist, this will exclude the flooding of tokens on the exchange in the future where LORI will be traded, in order to manipulate the exchange rate or enrichment. Only those tokens that were bought by investors and the 5% of team tokens will be traded that's if the team wants to sell them.
Many have questions about how the project is related to blockchain and cryptocurrency. First of all, to pay for user activity, a separate FLR cryptocurrency will be issued, which will have its own blockchain. Many people think that a blockchain network implies thousands of separate nodes installed on computers, that contain a complete copy of the blockchain, and it may seem to them that this is a difficult task to implement, but the Fairloris project team solved this problem. At the end of 2018, a full-fledged Fairloris browser, with all plug-in functionality and a built-in cryptocurrency wallet, will be ready for launch, as well as containing a full-node with built-in mining based on the Proof-of-stake (PoS) algorithm, tied to using the online browser. In other words, a user who has installed a Fairloris browser and uses it daily surfing, will receive an FLR crypto currency reward automatically, which he can exchange on cryptocurrency exchange for another cryptocurrency or withdraw it as fiat money. Each installation of the browser adds one full node to the Fairloris blockchain network, which makes the network stable and protected from attacks, after all, if the browser not only pays money for use but also carries a useful social function, then it will spread quickly to the masses.
LORI token release mechanismThe release of LORI tokens is limited to the closing date of the ICO. During the ICO, the tokens are credited at the rate of 1 ETH = 100 LORI. Once the ICO is closed, new LORI tokens cannot be released. The project team gets 5% of all issued tokens, but after 12 months from the closing date of the ICO, which is provided by the smart contract.
- ICO: November 10th, 2017 at 2:00 pm GMT
- End date: 4th December 2017 at 2:00 GMT
- Aim: 15,000 ETH
- Name of investment token: LORI
Exchange rate for the period of ICOMore InformationYou can find more information on our website under:
More InformationRoad mapYou can find the detailed roadmap on our website under:
Fairloris roadmap
