Lovar Artificial Intelligence Investment Platform White Paper Version 1.06 Last amended: 05/23/2018
Table of Contents 1. Introduction... 1 2. About Us... 1 3. Our Services... 2 4. Lovar Features... 3 5. Artificial Intelligence... 3 6. Term Deposits... 5 6.1 Short Term Deposits... 5 6.2 Long Term Deposits... 6 7. Sell Over Time... 7 8. How to Deposit and Sell Over Time... 9 9. Lovar Wallet... 9 10. Internal Exchange... 9 11. External Exchange... 10 12. Referral Program... 10 13. Initial Coin Offering... 11 14. Fund Distribution... 12 15. Technical Specifications... 13 16. Road Map... 14 17. Contact Us... 15
1. Introduction Global investment in financial technology has grown significantly in recent years. Current trends show a shift towards fintech and away from traditional banking. Such trends can be largely attributed to the introduction of blockchain technology and the meteoric rise of cryptocurrency. Bitcoin, a market leader in technology innovation, revolutionized digital currency by eliminating the need for financial institutions and promoting financial inclusion. Naturally, applying blockchain technology to financial services has resulted in the emergence of investment platforms that align with Bitcoin s premise. By offering innovative solutions to improve existing financial services, investment platforms have become widely accepted and unsurprisingly popular. Serious investors quickly recognized early potential and responded by bypassing banks to capitalize on higher interest rates, faster transactions, lower fees, and financial inclusivity. This sudden rise in popularity has opened opportunities for new fintech platforms to enter the cryptocurrency marketplace and overtake existing financial providers. As such, Lovar aims to compete with and overtake banks as the preferred provider of investment solutions. 2. About Us Lovar is an artificial intelligence investment platform guided by core values of technology, innovation, community, and transparency. Our team specialize in cryptocurrency, software engineering, finance, marketing, and customer service. Founded in 2017, Lovar began with a principle goal of advancing trading through the development of artificial intelligence. After continued trading success, Lovar has formed a strong foundation to expand and open investment solutions to the public market. Unlike most investment platforms, Lovar deliver a functioning AI bot and trading experience prior to opening the initial coin offering. Our unique position allows us to generate interest immediately after ICO to develop a substantial safety net before launching investment solutions. 1
3. Our Services Lovar deliver four overarching investment solutions including Term Deposits, Sell Over Time, internal exchange, and external exchange. Token-holders can choose to invest in long term or short term deposits to earn daily interest at greater rates than offered by banks. Our Long Term Deposits feature the additional option of selecting compound interest to earn even greater rewards. Similarly, Sell Over Time (SOT) is designed to offer investors 25% greater profit than internal exchange. SOT is introduced to provide an alternative to selling at exchange and to secure investor profitability by regulating market supply. As an additional safeguard, Lovar will launch internal exchange prior to external in an effort to regulate market activity and ensure price stability. Sell Over Time Term Deposits Internal Exchange External Exchange Short Term Long Term Simple Interest Simple Interest Compound Interest Figure 1. Lovar investment solutions. Lovar prioritize user experience on both an individual and community level by striving to provide convenient user-friendly services. We encourage freedom of choice by providing investors with the option of trading on several external exchanges. As an added convenience, investors can choose to trade and withdraw income in Bitcoin, Ethereum, and Lovar. Support for additional cryptocurrency will be decided by holding community opinion polls where investors will be regularly invited to vote and improve our services to benefit the Lovar community. On an individual level, investors will benefit from our ergonomically designed dashboard featuring historically unprecedented access to AI data. For the first time, users will be able to track earnings and monitor AI performance analytics in real time. Lovar will secure all data and protect investor privacy by implementing SSL encryption, DDoS protection, and two-factor authentication in order to access our featured services. 2
4. Lovar Features Table 1 Lovar Features Blockchain Technology Lovar is built on blockchain technology. ERC-20 Lovar is an ERC-20 token using the Ethereum Blockchain to process transactions quickly and with minimal fees. Artificial Intelligence LovarAI employs an advanced network of algorithms and services to trade across cryptocurrency markets. Major features include Global Compatibility, Arbitrage Trading, KeyCap, DeepMind, and Machine-Learning. Multi-currency Wallet Lovar hold a multi-currency wallet with an easy to use UI that supports Bitcoin, Ethereum, and Lovar. Long Term Deposits Deposit your tokens long-term to receive up to 1.50% daily interest. Choose to earn simple or compound interest, depending on your investment needs. Short Term Deposits Invest in short-term deposits to take advantage of flexible terms and earn up to 0.70% daily interest. Sell Over Time Sell your Lovar tokens gradually and earn 25% more than at internal exchange. Internal & External Exchanges Trade Lovar tokens on internal exchange using Bitcoin or Ethereum. Utilize external exchanges to trade LVA for other cryptocurrency. AI Analytics Monitor AI performance and track income earned in real time. This feature is exclusive to Lovar. Block Explorer Utilize block explorer to search and navigate the blockchain. View transfers, balance, transaction history, and more. Referral Program Earn a referral bonus of 5% by sharing your referral link with others. Community Involvement Contribute to important decisions by participating in community polls. Share your opinions through our feedback center. Anonymity Personal identification is not required to create a Lovar account. Users will remain completely anonymous. Security Encryption, DDoS Protection, and two-factor authentication is implemented to provide the highest level of security. 5. Artificial Intelligence LovarAI is an automated machine-learning trading system developed in early 2017. Our AI employs an advanced network of algorithms and services to trade across cryptocurrency- 3
markets. Major features include Global Compatibility, Arbitrage Trading, KeyCap, Deep- Mind, and Machine-Learning. Global Compatibility Our global compatibility feature enables LovarAI to secure maximum profit by taking advantage of trading opportunities across multiple markets. LovarAI currently supports most major exchanges including Binance, Bitfinex, Okex, and Poloniex. Arbitrage Trading LovarAI trades simultaneously across markets to instantly profit from price differences. Our algorithms interact to assist arbitrage by offering more opportunities to detect price discrepancies and execute trades. KeyCap Keyword Capture is a newly added feature that detects and captures keywords from social media and search engines to monitor trending cryptocurrencies. Keywords are scanned and processed to determine appropriate trading strategies. DeepMind DeepMind is the foundation of LovarAI, designed to assist the machine-learning mechanism in making quick and accurate trading decisions. It is engineered to collect and store data in a dedicated physical volume. DeepMind organizes collected data using SmartStorage, allowing LovarAI to quickly access files. Machine-Learning Our machine-learning mechanism is an automated self-learning algorithm with the ability to make accurate trading decisions. LovarAI accesses current and historic data to independently adapt and progressively improve trading performance. AI Analytics Lovar offer historically unprecedented access to AI data. Track earnings and monitor AI performance analytics in real time from the AI analytics tab of your dashboard. View LovarAI patch notes to keep track of our latest updates. 4
6. Term Deposits Term deposits involve holding cryptocurrency in a digital wallet for a fixed term in order to earn interest. Interest earned is dependent on the term, fixed interest rate, and amount held. Deposits can be short-term or long-term, and deposit-holders may choose to reinvest at maturity. Advantages Depositing is a quick and easy way to earn income. Anyone can deposit. There is no minimum amount required. Deposit-holders are guaranteed to earn daily interest. It is a safe investment. Fixed interest rates are immune to market fluctuations. High interest rates. Lovar eliminate middlemen and directly pass cost savings to deposit-holders. Daily interest earned can be withdrawn at any time. Excludes compound LTD. Token-holders can choose to withdraw in Bitcoin, Ethereum, or Lovar. No fees. 6.1 Short Term Deposits Lovar short term deposits offer investors flexible terms and up to 0.70% daily interest. Table 2 Short Term Deposits - Simple Interest Term (Days) 7 14 Daily Interest 0.40% 0.60% Promotional Daily Interest 0.50% 0.70% *Promotional rates apply immediately. **Interest earned will be paid in BTC, ETH, or LVR and can be withdrawn at any time. ***No minimum amount required. Advantages Short terms provide flexibility. Deposit-holders gain access to returns within 7 or 14 days. 5
Deposit-holders can reinvest at regular intervals to take advantage of changing interest rates and earn compound interest (interest on interest already earned). STD - 7 Days vs. 14 Days USD $1,000 Investment 7 day deposit (0.50% daily interest) 14 day deposit (0.70% daily interest) 1,100 1,098 1,080 1,070 1,084 Income ($USD) 1,060 1,040 1,020 1,014 1,028 1,020 1,042 1,030 1,035 1,056 1,000 1,010 0 2 4 6 8 10 12 14 Days *Rounded to the nearest dollar Figure 2. Short term deposit, 7 versus 14 days for USD$1,000 investment. 6.2 Long Term Deposits Lovar long term deposits allow investors to select simple or compound interest and earn up to 1.50% daily income. Table 3 Long Term Deposits - Simple Interest Investment ($USD) 1 1,000 1,000 > 3,000 3,000 > 6,000 6,000 > 10,000 10,000 > 20,000 20,000 > 50,000 50,000 + Daily Interest Promotional Daily Interest Bonus Daily Interest - 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% Term (Days) 240 210 180 150 120 90 60 Lock Period (Days) 210 180 150 120 90 60 30 *Promotional rates apply immediately. **Interest earned will be paid in BTC, ETH, or LVR and can be withdrawn at any time. ***Early withdrawal is permitted after tokens are unlocked. A fee of 25% principle applies. 6
Table 4 Long Term Deposits - Compound Interest Investment ($USD) 1 1,000 1,000 > 3,000 3,000 > 6,000 6,000 > 10,000 10,000 > 20,000 20,000 > 50,000 50,000 + Daily Interest Promotional Daily Interest Term (Days) 200 175 150 125 100 75 60 Lock Period (Days) 175 150 125 100 75 50 30 *Promotional rates apply immediately. **Interest earned will be paid in BTC, ETH, or LVR and can be withdrawn at maturity. ***Early withdrawal is permitted after tokens are unlocked. A fee of 25% principle applies. Advantages Large selection of options to suit every budget. Higher interest rates than short term deposits. Earn bonus daily interest. Excludes compound LTD. Token-holders can choose to earn simple or compound interest. LTD - Simple vs. Compound USD $1,000 Investment Simple (1.25% daily interest) Compound ( daily interest) 9,000 8,000 8,065 7,000 Income ($USD) 6,000 5,000 4,000 3,000 2,000 1,000 1,518 1,438 2,305 1,875 3,499 2,313 5,312 2,750 3,188 3,625 0 35 70 105 140 175 210 Days *Rounded to the nearest dollar Figure 3. Long term deposit, simple versus compound interest for USD$1,000 investment. 7. Sell Over Time Sell Over Time involves selling Lovar tokens back to us at a higher rate than at internal exchange. Tokens submitted to SOT are locked for a fixed term and progressively sold until- 7
the transaction is complete. Table 5 Sell Over Time Token Price ($USD) 2 5 5 > 10 10 > 20 20 > 50 50 > 100 100 > 200 200 + Maximum Tokens (LVA) 1,000 400 200 80 40 20 10 Bonus 25% 25% 25% 25% 25% 25% 25% Sale Period (Days) 7 10 14 18 22 26 30 *Interest earned will be paid in BTC or ETH and can be withdrawn at any time. **Minimum of 1 token is required to SOT. ***Investors can participate in only one SOT at a time. Advantages Sellers are guaranteed to earn daily income. Earnings are 25% higher than at internal exchange. Anyone can SOT. Only 1 token is required. Daily income earned can be withdrawn at any time. No fees. Table 6 Sell Over Time versus Internal Exchange Example: SOT vs. Internal Exchange 7-day SOT Token price at internal exchange: Tokens to sell: USD$2.00 700 LVA Total internal exchange earnings: USD$1,400 (700 x 2.00) Total SOT earnings: USD$1,750 (700 x 2.50) Bonus earnings: USD$350 (1,750 1,400) Daily tokens sold: Bonus daily income earned: 100 LVA USD$50.00 *Investors receive 25% bonus earnings (USD$350) from SOT compared to internal exchange. This equates to USD$50 bonus in daily earnings. 8
8. How to Deposit and Sell Over Time 1. Sign in or register at Lovar.io 2. Transfer Bitcoin or Ethereum to your Lovar wallet. You can withdraw funds at any time. 3. Purchase Lovar using Bitcoin or Ethereum at ICO or on exchanges. 4. From your dashboard, select Term Deposits or Sell Over Time and enter the amount you wish to invest or sell. 5. Confirm your transfer and start earning income. 9. Lovar Wallet Lovar offer a multi-currency wallet that supports BTC, ETH, and LVA. Support for additional cryptocurrency will be prioritized and decided by holding community opinion polls. Lovar ensure maximum wallet protection by securing user accounts through SSL encryption and two-factor authentication. 10. Internal Exchange An internal exchange will open at Lovar.io in September, 2018. The initial token price at opening will be set at a minimum of USD$2.00. Investors can participate in the internal exchange to instantaneously earn a guaranteed maximum profit of USD$1.20 per token (ICO Round 1) and a minimum profit of USD$0.20 per token (ICO Round 8). Sales will be limited to 1,000 tokens per 24 hours for each user. 9
Table 7 Internal Exchange Example: Internal Exchange ICO round 1 Token price: Tokens purchased: USD$0.80 400 LVA Cost of tokens purchased: USD$320.00 (400 x 0.80) Internal exchange Token price: Tokens sold: Earning of tokens sold: USD$2.00 400 LVA USD$800.00 Profit: USD$480.00 *Investors who purchase at round 1, immediately earn a profit of USD$480.00 once internal exchange opens. 11. External Exchange Lovar (LVA) will be listed on multiple external exchanges over a period of several months, starting in November, 2018. All launch dates are listed on the road map. Further details of internal and external exchange will be released prior to launch. 12. Referral Program Investors are encouraged to share their referral link to earn bonus Lovar tokens. Each referral bonus will be 5% of the total number of tokens a referred investor purchases. Bonuses earned during ICO will be available when short term deposits open in September, 2018. Bonuses earned after the launch of internal exchange will be available immediately. How referral works 1. Share your referral link with potential investors. Your referral link is located under the Referral tab of your dashboard. 2. Referred investors use your link to register with Lovar.io and purchase LVA tokens. 3. Earn 5% of the total number of LVA tokens the referred investor purchases. 4. Track your referrals from the Referral tab of your dashboard. 10
13. Initial Coin Offering Lovar will launch ICO on June 14, 2018. Each round will open at 2:00 UTC after the previous round ends. Investors can purchase up to 3,000 tokens per round during Rounds 1 to 7, and an unlimited number at Round 8. A total of 7,500,000 LVA will be released and ICO will run for up to 70 days, at which point any unsold tokens will be burned. Table 8 Initial Coin Offering Round Price ($USD) Amount (LVA) 1 0.80 per token 1,000,000 2 0.90 per token 500,000 3 1.00 per token 600,000 4 1.20 per token 700,000 5 1.40 per token 800,000 6 1.60 per token 900,000 7 1.70 per token 1,000,000 8 1.80 per token 2,000,000 How to participate in ICO 1. Sign in or register at Lovar.io 2. Transfer Bitcoin or Ethereum to your Lovar wallet. You can withdraw funds at any time. 3. Purchase LVA using Bitcoin or Ethereum once ICO launches. 4. Share your referral link with potential investors to earn bonus Lovar tokens. 11
14. Fund Distribution The total ICO will amount to USD$10,550,000. Below is a brief extract of the ICO funds allocation: 20% Marketing 15% Development 50% Trading 8% Operational Costs 7% Reserve Figure 4. Lovar fund distribution. Trading (50%) Our AI will utilize ICO funds to conduct arbitrage trading and earn maximum returns. Profit earned will be paid to investors who deposit or sell over time. Marketing (20%) Lovar will conduct a targeted advertising campaign to ensure we remain competitive. Our services will be heavily promoted to communicate unique benefits and expand our community. Development (15%) Lovar will invest in continual development with particular focus on artificial intelligence. Operational costs (8%) Day-to-day expenditure. Reserve (7%) Reserves will be held in a safety fund in an effort to protect investors. 12
15. Technical Specifications Table 9 Lovar Technical Specifications Name Lovar Ticker Symbol LVA Token Standard Ethereum, ERC-20 Decimals 6 Maximum Token Supply 10,000,000 ICO 7,500,000 Reserve 1,500,000 Company 500,000 Referrals 500,000 13
16. Road Map 2017 February Development of LovarAI June LovarAI enters beta phase of testing July LovarAI live trading begins December August 2018 LovarAI version 1.0 release Inception of AI investment platform Concept planning and market research LovarAI upgraded by implementing DeepMind and machine-learning capabilities January February April KeyCap feature added to LovarAI Commencement of white paper Website with blockchain integration in development LovarAI upgrades to an ergonomically designed user interface Website features tested and finalized July June May Additional cryptocurrency implemented via community poll August ICO begins September Lovar website launched (Lovar.io) Official Lovar social media accounts created White paper finalized Advertising campaign commences October ICO concludes and unsold tokens burned Release of Block Explorer Launch of Short Term Deposits and Internal Exchange Lovar Discord bot with wallet integration added AI Analytics release Release of Long Term Deposits and Sell Over Time Additional cryptocurrency implemented via community poll December November 2019 Second External Exchange announcement VULCAN network announcement Android and ios mobile apps under development Launch of Lovar forum First External Exchange announcement January Lovar yearly status report LovarAI Lite release Additional cryptocurrency implemented via community poll Android and ios mobile apps release on Play Store and App Store February Third External Exchange announcement Release of 2019-2020 road map Figure 5. Lovar road map 2017-2018. 14
17. Contact Us Official webiste: Contact email: Business email: https://lovar.io contact@lovar.io business@lovar.io Medium: Twitter: Discord: Telegram: medium.com/@lovarofficial twitter.com/lovarofficial discord.gg/9j9tftt t.me/lovarai DISCLAIMER: This document shall not and cannot be considered as an invitation to invest. It does not include any information or indication that might be considered as a recommendation or that might be used to base any investment decision. Cryptocurrency startups and initial coin offerings involve a high degree of risk. Investors must possess the willingness, experience, and financial ability to withstand the risks of investment. There is no guarantee that: a) Past performance indicates future performance. b) The market price of Lovar token will reflect its underlying net asset value. c) Lovar s investment objective will be achieved. d) The software used by Lovar will be flaw-free. Investors are strongly encouraged to seek professional financial advice prior to investing or trading. All investors should be aware that they may not fully recover the amount invested. Nothing in this document, our website, or social media is, or should be interpreted as, a promise or representation as to the future. Lovar diligently assess potential returns based on historic performance. However, we make no representation regarding the probability or likelihood that actual or proposed account allocation will achieve a particular investment goal or outcome. 15
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