LOLIGO REVIEWS
ICO which stands for initial coin offering is a technology used to raise funds for new startups and projects of tokens sales to investors. ICO is an intermediate part of a whole project and it is normally used to raise funds to support a particular project.
In 2017, the money raised through ico was estimated to be 5 billion $ and which has increased to 14 billion $ in early 2018. Most of this ICOs pose as a risk to those individuals who lack the technical skills that is needed to evaluate the potential of a project and this only happen in the absence of legal and administrative framework.
This groups of individuals are trapped by investment that never take off. ICOs most times can be achieved through direct sales and this process is based on the confidence the participants have on the particular company that is leading the project.
These tokens that are being purchase by the participants are not within the block chain rather they are located in the database of the ICO launched with the help of the smart contract.
This smart contract are used to define and hard code the agreement between the launcher of an ICO and the participants with out any trust or third party involvement. This is where the participants are having challenges because this do not meet any quality or even coding standard ,so the contracts are carried out in a blockchain element that is very far from the control of any person and this makes it vulnerable to attack.
So any project once started is immune to loss of confidence and this is because of the uselessness or competitors. This is the main reason why the loligo platform was created to offer complete and unique technical legal solutions to all the problems and risks encounter in fundraising campaigns.
THE LOLIGO PLATFORM
This is a revolutionary platform that is created specifically to ensure the smooth operation of IOC's through the process of innovative staged contracts and also under the control of the participants.
This platform gives both community and centralized approaches the most reliable ways to make benefits. The platform is a cryptocurrency system that is based on a public and open source blockchain and it is run by company that serves as a legal representative. The diagram below explain or summarizes every thing about the platform in general.
The method used by the platform gives the users the opportunity to
(1)Ensure optimal performance
(2)Add controls and access constraints to the blockchain
(3)It solves the ICO safety problems which is DAICO
(4)Prepare for the formal adoption of ICO by nations
(5)Streamline the launch process by defining steps and also imposing rules.
FEATURES OF THE PLATFORM
They are several features that makes loligo platform stands out from others and they include
Decentralized nature of the platform
They offer professional direct support to investors
It is a public and open source blockchain that targets community wide adoption.
Loligo blockchain is dedicated to the launch of ICOs
The platform offers a set of new generation tools such as the smart explorer
Security governance
Miner oriented
The overview of the loligo platform is show below
THE CYCLIC CONTRACTS
The platform introduces an innovative type of contract for the phased release of funds. In the platform,funds are released under the control of passive participants votes. The diagram below explains more to this
The loligo contracts are adjusted by acting only on the configuration parameters which is start date of the projects,duration of its development, control period and the voting score for further distribution.
THE BUSINESS PLAN
This platform is an open source projects,free of distribution rights and seeking widespread community adoption. The platforms business plan was developed in a way to ensure profitability and sustainability of revenues of the founding company while preserving liberty and transparency of the blockchain.
The funds generated by the platform will be used to maintain the code and then develop new features which will make the platform stay out at a competitive level in the course of trade.
THE TOKENS
The total number of tokens sold out is 16million. The tokens sold during the ICO will be reported on the final blockchain. All the ERC-20 tokens will be burned immediately the balance report are made and this is because the final currency is not an ERC-20 token.
The sale will be carried out using the smart contract and the source will be available online. The token allocation and the funds distribution is seen below.
THE ROADMAP
THE TEAM MEMBERS
CONCLUSION
The loligo platform is an interesting project with great concept. The platform is an ICO system that offers complete and unique technical solution to all the problems and risks of fundraising projects.
I will advice everyone to invest in this platform because it has so many great things to offer to its participants. For more information just click on the links below.
USEFUL LINKS
Website-- https://Loligo.co/?utm_source=icomarks
Ann thread-- https://bitcointalk.org/index.php?topic=4993513.0
Facebook-- https://facebook.com/bloczero
Medium-- https://medium.com/@Loligo_co
Twitter--- https://twitter.com/Loligo_co
Reddit-- https://www.reddit.com/r/Loligo/
Telegram-- https://t.me/LOLIGOico
Author details
Bitcointalk username-- ifeoma
Bitcointalk profile link-- https://bitcointalk.org/index.php?action=profile;u=1616375;