LOLIGO – The World’s 1st ICO Safety Ecosystem
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Loligo, a revolutionary platform that ensures the smooth operation of ICOs through innovative staggered contracts and under the control of the participants has arrived.
Before we go any further, please check out this video presentation to get acquainted
Now that I have your attention, let’s get right to it.
What exactly is LOLIGO?
LOLIGO is a decentralized launching platform for ICOs that is fair, peer-to-peer and blockchain-based. Blockchain implements smart contracts permitting a phased release of funds collected for the ICO while, at the same time, a collective right of withdrawal. The token is both mineable and environmentally friendly, consuming little energy thanks to dual mining. Miners can sell the tokens on recognized exchanges, and individuals will be able to use them to participate in fundraising, including those affiliated with the ICOSafe program. A range of services is available to facilitate governmental adoption of ICOs. The platform is open source and free.
Furthermore, LOLIGO Offers token creation through LCC smart contracts. It ensures a fair fund distribution based on milestones and participants’ vote.LOLIGO platform offers all the required tools for a successful & professional ICO.
It is impossible to guarantee an ICO to be safe to invest. ICO holder would escape with the funds resulting in investors to lose all their money. There is no platform existing which offers funding insurance or a solution for funding risk.
Centralized ICO platforms such as Indiegogo conducts the ICO without implementing a blockchain. Centralized platforms necessitate the utilization of a third party which brings its’ own risks such as; hacking, manipulation, excessive margins and abuses of power.
Ethereum is the P2P ICO platform of choice for blockchain based projects. However, it is not 100% compatible with the ICO crowdfunding mechanism. It needs to be fairer, purely dedicated to ICO crowdfunding mechanism, providing the optimum security while keeping sale contract deployment simple.
Hybrid platforms such as KICKICO provides ICO purchases based on ERC-20 standard based Smart Contracts. On the contrary, all the duties such as monitoring and transaction management is conducted via traditional centralized systems which are complex.
There are other platforms in development phase which are superior to Ethereum such as Neo, Cardano and EOS but yet to be operable in ICO market.
But there is a solution(formula) and this formula allows users to:
Finally Solve the ICO safety problem, known as DAICO.
Add controls and access constraints to the blockchain
Require standards in the launch process and the code of contracts
Streamline the launch process by defining steps and imposing rules
Establish a fair management model incomparable with the famous DAO
Ensure optimal performance, thanks to the dedicated ICO network
Prepare for the formal adoption of ICO by nations.
Allows the ICO launcher to edit, check, test and publish its LCC contract on the blockchain.
An online service to manage ICO campaign through an intuitive graphical wizard while offering the classic features of the dashboard and much more Market: This component lists ICOs and associated labels and allow direct token purchase.
All ICOs are verified by our experts and through automated real-time analysis, results are available in the benchmark tool.
This is a private cryptocurrency exchange that supports all ICOs launched via the LOLIGO platform. Smart Wallet: Allows the purchase and storage of LOLIGO tokens, participation in different ICOs, portfolio monitoring, and voting for or against current projects.
Allows the purchase and storage of LOLIGO tokens, participation in different ICOs, portfolio monitoring, and voting for or against current projects.
How It Works?
Loligo is a public and open source blockchain that targets a community-wide adoption. The main token is mineable. A minimum value proportional to expended energy is guaranteed.
Store of Value
Unlike “utility tokens,” whose emission is controlled by a single line of code, Loligo is a true digital media value storage, just like gold or Bitcoin.
The number of Loligo tokens is set in advance. No changes are permitted. No hidden inflation is created. The scarcity of tokens over medium and long terms ensures guaranteed returns on investments.
As with Bitcoin, issuance of Loligo decreases with increasing difficulty that adapts to the overall hashrate.
No Extra Premining
Several currencies have used premining. This practice is related to reservation scams and abuse of unsold tokens often kept after the ICO. Loligo is an exception, mining only the quantity of tokens sold during the ICO.
Unlike many famous cryptocurrencies whose mining portion reserved by the founder sometimes reaches 20%, such as Zcash, all compensation from Loligo mining is available exclusively to the miner.
Through its staggered contract, Loligo is the only way to ensure a fair and balanced relationship between the project launcher and investors.
Loligo is not influenced by any entity or agency. Listed on the public exchange, the price of the token is fixed by the single free trade in this market.
Unlike other currencies, the Loligo blockchain is dedicated exclusively to the launch of ICOs.
Despite widespread, common adoption, policies and decisions related to the evolution of more traditional currencies remain unclear. Loligo ends any interpretation and introduces security governance.
Through its parent company, Loligo offers direct professional support to investors. This includes complete support, expertise, auditing, or even code writing.
Absent quality tools, monitoring and management of blockchain ICOs today remains difficult or impossible. Loligo offers a set of new-generation tools like Smart Explorer, allowing monitoring of an entire portfolio.
This is a complete package for launching ICOs. LOLIGO experts put their experience serving customers wishing to launch fundraising campaigns. This covers technical expertise, the development of various deliverables, as well as scheduling and promoting the campaign.
To deal with any inquiry about the founder of an ICO and his background, LOLIGO experts carefully study every side of the project including the white paper, the usefulness of the project, sources in the case of free projects, the correspondence to the requested amount and many more.
The service is activated by region. It offers each country a variety of instruments to monitor the financial status of accounts and take necessary measures in case of fraud detection.
The Business Model
Although Loligo is an open source project, in order to maintain the code and develop new features to stay competitive in the market a business model has been established. For those who want to launch an ICO there are other paid options as Premium and Advanced each have distinct level of safety and ergonomics. Each option has limited and unlimited access to various services which could be viewed at https://loligo.co/
Token – LLG
Platform – Ethereum
Type – ERC20
PreICO price – 1 LLG = 0.002
ETH Price in ICO – 1 LLG = 0.003 ETH
Pre-sale, 01/08-01/09 2018 – 30%
Tokens for sale – 11,200,000
Accepting – ETH,Fiat
Distributed in ICO – 70%
Soft cap – 950,000 USD
Hard cap – 12,000,000 USD
The sale is executed using a public smart contract, the sources will be available online. Since the token sale is automated, the tokens purchased are immediately transferred to the buyer’s address. The duration of the transaction depends on the network load and the amount of gas available. The purchase fees are the responsibility of the investor.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.