LOLIGO

kitanodebunmi (36)in #llg • 6 years ago

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Loligo- First ICO Safety Ecosystem.

This era is the time of start-ups; we see different businesses starting every day and even already existing businesses striving to become bigger and one thing that is common between start-ups and a business striving to be bigger is the need of financing. The financing needed can be gotten from different sources and in several ways; this dependency is brought about by the need of capital. Funds needed to run a business of a start-up can be gotten via several ways, it could be through personal financing of investors and now there is even a better way of raising business funds and that is 'crowdfunding'. This crowdfunding method has gained some support, all thanks to the internet.
The way crowdfunding works is that the general idea is first generated on a platform and then spread across several social platforms with the aim of reaching more people. This crowdfunding method is a way of raising funds needed for start-ups or developing already existing businesses directly from individuals or the general 'crowd'. The funds raised are not raised free of charge, the individuals involved in raising the funds get something in return, it could be discounts, benefits or contributions to share capital.

The whole concept behind crowdfunding has been revised with the introduction of the blockchain technology and the cryptocurrency via the term ICO (initial coin offering). ICO is a way of raising funds for the launching of a new cryptocurrency. How this works is that when a new cryptocurrency is to be introduced, the company behind the creation of that coin organises an Initial Coin Offering where a portion of the coin is made available for sale to the general public with the aim of raising funds needed for the launching of the cryptocurrency; this ICO can also be regarded as crowdfunding. When the ICO is announced, investors come in to buy any amount of the coin they want and the funds needed are being generated in the process.

There have been some problems with ICOs lately, some ICOs that have been created in the past have turned out to be fraudulent thereby causing investors to lose a whole lot of money and that is why "Loligo" was created. Loligo is a new blockchain platform that ensures the smooth and seamless operation of ICOs through smart contracts and the control of the ICO participants. Loligo creates a decentralised peer-to-peer platform for ICOs and leverages the blockchain technology with the hopes of settings things straight with ICO crowdfunding. The blockchain technology ensures the protection and security of the ICO investors.

The Loligo Ecosystem.
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The Loligo Ecosystem provides users with a lot of benefits and some of those services rendered are highlighted below:
-Loligo covers the technicalities during the launching of ICOs, as well as the promotion of the project.
-Loligo goes the extra mile in ensuring an ICO is legit and not fraudulent that might lead to investors losing huge amounts of money. Loligo would not just confirm the legitimacy but also research the sustainability of the project for the benefit of investors.

Roadmap.
OCT 2018
-Net to test concept.
-Public tokensale.
JAN 2019
-Token exchange listing.
FEB 2019
-Net to test blockchain.
MAY 2019
-Public net- no mining.
JUNE 2019
-Fork and LLG distribution.
-Mined token distribution.
JULY 2019
-Launch of Loligo platform.
-Listing of minable LLG token.
AUG 2019
-Public mining node.
SEPT 2019
-Extra reward for early miners.

The Loligo Token.
Loligo token is minable and an environmentally friendly token as it does not consume as much energy when mining in contrast to other cryptocurrencies, Bitcoin for example.

Team.