The first ICO, or initial coin offering, was launched in 2013 by Mastercoin. They met with relatively early success, raising a total of $500,000. Today, ICOs are a $3 billion business with the record for highest earning project sitting with Tezos at $232 million raised in 13 days.
Initial Coin Offerings can be considered as an alternative form of crowdfunding that has emerged outside of the traditional financial system. This model has helped a lot of successful projects and companies get the funding required to start their business.
Like with any new fancy thing, there are going to be people that find loopholes in the entire process and exploit them to favor themselves. ICOs are no different.You can find bad actors telling the fake stories of what they would build if enough people buy their tokens — while in reality they’re not planning to put the money to good use. They will encash it and fade away or let them sit idle and appreciate in value forever.
And in order to protect the financial resources of investors and help many entrepreneurs to gain confidence on their part, an interesting and promising platform called LOLIGO is being created!
What's LOLIGO?
LOLIGO, found online at https://loligo.co/, is a safe and advanced ICO crowdfunding platform powered by blockchain. It offers token creation through LCC smart contracts. LOLIGO ensures a fair fund distribution based on milestones and participants’ vote. The platform offers all the required tools for a successful and professional ICO.
LOLIGO Blockchain is an Ethereum fork dedicated for ICOs. Blockchain implements smart contracts permitting a phased release of funds collected for the ICO while, at the same time, a collective right of withdrawal. LOLIGO insures a perfect compatibility with Ethereum wallets and smart contracts and offers flexible interoperability with Ethereum Dapps.
No competitor is offering such ICO solution. Many professional grade services complete the LOLIGO offer. They range from professional support to full ICO launch campaigns management. LOLIGO acts on three main levels:
Trading
With a high block reward and no hidden fees, LOLIGO is the best choice for miners. LOLIGO is a clean cryptocurrency tradable on public exchangers.
Funding
Funders can easily use platform to issue new tokens and start ICO campaigns. Investors can use LOLIGO tools to choose projects and participate in ICOs. A portfolio management interface and a voting portal are available online.
Services
LOLIGO is a complete package for launching ICOs. This covers technical expertise, the development of various deliverables, as well as scheduling and promoting the campaign. LOLIGO unique link to government service removes all barriers between ICOs and official adoption.
How LOLIGO works?
The LOLIGO platform uses a system of mutual settlements between investors and developers using DAICO contracts. Smart contracts allow participants to decide by themselves how much to allocate to developers for the further development of the project. And in the event that investors are dissatisfied with the implementation of the road map, a mechanism for withdrawing funds is provided.
Simply put, if investors have doubts about the viability of an ICO, they can at any time return the invested money back to the exchange of tokens on the previously invested crypto currency. The platform was developed for the launch and smooth operation of promising ICO, has open source code and is free. Thus, its attractiveness for professional founders and investors is achieved.
LOLIGO Platform Features
The Loligo solution will offer the following tools:
- Smart Wallet: Storage of Loligo tokens, Participation in ICO, Portfolio monitoring
- ICO Market: Launched ICOs with a ranking system
- Loligo Smart Explorer: ICO evaluation and tracking
- LCC Factory: ICO launchers can edit, check, test and publish Loligo Cyclic Contracts
- LOLIGO Benchmark: Expert ICO analysis tool
- LOLIGO Exchange: A private cryptocurrency exchange that supports all ICOs launched via the platform.
LOLIGO Platform Benefits
- The use of DAICO contracts allows us to finally solve the problem of investment safety;
- Smart contracts LCC allow investors to monitor the progress of all stages of the road map;
- A set of platform tools contains the necessary controls and restrictions on access to the blockroom;
- The process of launching a new ICO strictly follows the established rules and is controlled by investors at each stage;
- The first "fair" self-organized management model, operating on the basis of voting participants;
- 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 ICO Safe program. A range of services is available to facilitate governmental adoption of ICOs.
Token Name: LOLIGO
TokenSymbol: LLG
Platform: Ethereum
Total Supply: 16,000,000
Token for Sale: 11,200,000
Accepting: ETH
PRE SALE: 1 SEP 2018 - 19 OCT 2018 (0.002 ETH = 1.0 LLG)
PUBLIC SALE: 20 OCT 2018 - 25 NOV 2018 (0.003 ETH = 1.0 LLG)
Country: France
Website: Click Here For Visit ICO Homepage
Useful Links:
Website: https://loligo.co/
Whitepaper: https://loligo.co/assets/doc/LOLIGO-EN-V0.68.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4847741.0
Author:
Bitcointalk Profile: Tpq01349
ETH Address: 0xA73fA2565C18218AC6510c8CD3B220F5794f3B84
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