LOVE Token can be simply explained in 4 sections:
We support charity and we would be using 20% of the total amount raised through Raffle to those who are in need of it. If a considerable amount is raised, we would start a voting with those who have LOVE Token to choose where to give charity to and how much.
We would be supporting and mentoring Entrepreneurs as well who require capital, support, mentorship, etc. We know how tough it is to create something from nothing and we want to help those people to ease the problem and accelerate their growth.
Backing fund would be used as a safe house for our Token Value. Even while the market may perform bad, we can hope to retain a good value for our token due to the fact that we have some great crypto which back us.
We were one of the first to create a raffle system in smart contract and would like to continue to develop things like these much more. These decentralized development will be used for further research and development of a decentralized society.