The blockchain enabled and incentivized review and reward platform where anyone can
conveniently and freely write reviews, engage in and be rewarded for these activities.
Honest and constructive reviews of best products and services will be produced and naturally
be recognized through LITER’s unique blockchain infrastructure.
David Kim @ Hong Kong Meet UP ConsenSys + Eosys July-2018
A. Current influencer marketing that is concentrated to a few, high cost influencers increases ineffective marketing and
generates advertiser-driven reviews. However, LITER’s unique blockchain infrastructure provides an environment where anyone
can freely write reviews, engage in, and be rewarded for these activities. From this, honest and constructive reviews are
produced as well as disseminated and advertiser’s marketing is cost-effective with transparent spending in user rewards
based on engagement.
LITER is built upon resources from its first partner, 0.8L, the global marketing and commerce platform with over 4500 advertisers
and 60K reviewers from the past 4 years of business. Unlike other projects with similar concept and services, LITER looks to construct
actively running review and reward platform based upon blockchain technology with 0.8L’s review service know-hows and resources.
A. Through LITER’s REWARD SYSTEM, reward is calculated from the user responses (engagement:
like, rating, abuse reporting to reviews) gathered for 72 hours with each vector’s weight,
and provided in LITER POINT units to designated recipient’s individual wallet. These LITER
POINTS obtained through review activities can be used for services offered within the app
and converted to LITER COINS for activities outside the app or cashing. In other words,
LITER COIN is a unit that connects LITER POINT and fiat money.
A. Conversion rate between LITER POINT and LITER COIN is 1:10. Upon conversion,
fees and conversion minimum may be applied. Conversion is allowed from LITER POINT
to LITER COIN but not vice versa, except for the case when advertisers request for
Advertising Review Campaign. In order to build and maintain sound environment for
LITER ecosystem, LITER POINT can only be earned from contributing activities,
not to be purchased nor leased. LITER COIN is the only unit convertible to fiat money.
A. LITER being built on resources of its first partner 0.8L, our team was able to obtain information
and guidelines we needed for abusing. Studying the past 4 years of 0.8L service and other similar
abusing cases on currently running apps, we have completed LITER’s own abusing guidelines and the
algorithms that will be implemented. The initial service will have user reporting system and
centralized abusing guideline that detects improper reviews. When the LITER reward system is stabilized,
LITER will implement additional notification algorithm that automatically detects the error or improper
postings. For more information on abusing, please see the user guideline.
LITER’s priority is to build the sound and transparent review and reward environment where users are
rewarded for their contribution. With effort and determination to manage and keep the environment
as planned, we will do our best.
A. 27 billion units of LITER COIN are issued and 10% is allocated in Token Sales.
A. As the service condition and technical circumstances change, the White Paper can be
modified and updated except for the main concept and policies. We do not inform you
separately or individually when the changes occur, but will try our best to maintain
accuracy and updated version of White Paper and materials on the website.
A. LITER’s main goal is the service launch. At this point, we do not have any plan for a public ICO.
A. LITER is a project run by overseas foundation and is not under Korean Jurisdiction.
A. LITER’s open beta service is scheduled to launch in January. At the stage, only current
active members of 0.8L will be participating first. Then when the reward system stabilizes
with the date gathered from its open beta service, LITER’s official launch will take place
in Q3, 2020 and anyone who is willing to share experiences can participate. Please stay
connected with LITER where users freely and happily write reviews, engage in, and be
rewarded from the activities.
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