Spain

SVPER Launches ICO Pre-sale to Advance its Blockchain-based Social, Instant Video-Only App

Disruptive social video-only platform, SVPER, enables real-life meetings with real connections made through secure instant video invitations and responses

(Barcelona, Spain – Wednesday, 18 July 2018: SVPER Ltd. (“SVPER”), the social, instant video-only app for forming new real-life relationships in real time, announces the launch of an Initial Coin Offering (“ICO”) pre-sale of its cryptocurrency, SVPER Token (“SVP”).

The SVPER video-only mobile app aims to disrupt the dating and social networking apps industry by encouraging users to meet new people safely in real life. It is aimed at people who are tired of swiping on traditional dating apps and seeks to overcome all of the drawbacks of online social networking and dating app interaction.

SVPER’s innovative concept replaces user profiles, pictures and text messages with instant video invitations. Instead of a static photograph and a wordy description, SVPER uses a video posted by the user to post an instant invitation to which other users can RSVP. Users can see what people near them are doing (or planning to do), choose the activity they would like to join, and meet them in person straight away. When they meet up they earn rewards in the form of SVPER Token.

By integrating blockchain technology, SVPER leverages the advantages of the ERC-721 standard in Ethereum blockchain to increase the security, trustworthiness and transparency within the app. Through a scoring system, users are able to have a “digital DNA” on the blockchain thereby eliminating fake profiles and bots. The blockchain also supports SVPs that users earn or buy which can, in turn, be used to make purchases through the app.

Jean-Baptiste Fort, co-founder and CEO, said:“What makes SVPER unique is that it is harnessing the power of the internet and blockchain technology to encourage people to meet up in real life. It is the first mobile application that rewards its users for meeting new people in the real world! The main benefit to the users is that it is instant. There are no silent matches, no text messaging, and no chatting before. They can chat when they meet each other in real life. The idea is to find companionship and it is even better if companionship develops into the romance and lifelong friendship.”

Market Overview

The adoption of smartphones increased to 4.92 billion global mobile users in 2017 (Digital in 2017 Global Overview report from We Are Social and Hootsuite), meaning that mobile phones have now surpassed desktop internet use. The social networking industry is one of the most profitable industries in mobile apps today, in particular online dating which accounted for USD$1.3 billion in 2017 alone (according to the market analysis by statista.com). In a report from Technavio, it Is predicted that the online dating market will grow at a CAGR of more than 5% by 2021.

 About the SVP Token

The SVPER Token is a utility token on the ERC20 Ethereum-based platform. Users can spend the tokens on premium features and new functions as the app develops, as well as buying tickets for events. They earn tokens by meeting in real life and connecting their phones, through referrals and attending sponsored events. The more users socialize, the more SVP tokens they get!

 About the ICO

The ICO will be divided into two main phases: pre-sale and public ICO.

The pre-sale will take commence on 28 August and conclude on 30 September at the earliest, or until all tokens allocated for this phase have been distributed.

The public sale will take place on 1 October and will conclude on 31 October at the earliest, or until all the tokens allocated for this phase have been distributed.

The distribution event will offer 700,000,000 (seven hundred million) units of SVP for sale out of a total supply of one billion units of SVP.

SVPER has a soft cap of €3m and hard cap of €35m. The Company has already received pledges of over €1m from investors in Europe and is implementing a bonus scheme as follows:

  • 55% during private sale
  • 30% from 28 August – 2 September
  • 20% from 3 September – 9 September
  • 15% from 10 September – 16 September
  • 10% from 17 September – 23 September
  • 5% from 24 September – 30 September
  • 0% once ICO is launched

 

The issuing price of the SVPER Token of €0.06 is based on an estimated price of the services provided minus the bonus offered to ICO participants and the prospective risk represented.

Use of Proceeds

The budget allocation is as follows:

  • Marketing (approx. 60 per cent)
  • Technical development costs (approx. 15 per cent)
  • R&D (approx. 10 per cent)
  • Operational costs (approx. 10 per cent)
  • Non-technical product development (approx. 5 per cent)

The Companywill launch a Minimum Viable Product (“MVP”) in October 2018. The MVP will consist of the freemium model and the app will subsequently be upgraded to introduce further features as the SVPER community grows.

www.svper.com