LOCI ICO Review

Louis foreman said, "Invention is a process, you don't get there overnight". It is something which is an amalgamation of compact ideas, hard work, imagination which is completely yours. How will know if your ideas are novel or not and how can you bonafide them with you? It was sky-high before the Loci introduced in the market. LOCI is here with optimal and the cheapest way to buy and sell the intellectual property. It is the ultimate platform for inventors and investors which uses blockchain technology.Loci want to change the way world discover their ideas and values it. Through Loci, we can find that whether our idea is original or not and if its novel you can protect it through Loci which uses blockchain technology to secure your intellectual property.

Loci have an amazing feature in the form of invenn. Invenn is something which values inventors' inventions with locicoin,it helps the inventor to know the value of their ideas. Invenn rewards inventors with native tokens LociCoin which they can use for the creation of new inventions, buying and selling of intellectual property. Loci is on its way to change the global process of research, and to save the huge amount of economy spend on R&D due to ineffective global intellectual property laws and obsolete research and registration process. Loci with the invention of Invenn has completely changed and revolutionized the R&D process. Invennhelps innovators to make the next big discovery through the search of relevant innovations which will help in next big discovery. Loci have search tool which consists context based database of various resources and information. Loci use blockchain technology to provide innovators with intellectual property rights with indelible proof on a global scale. Inshortinvenn is the place where inventors can display their ideas and companies can buy the ideas who are seeking to develop it. Every transaction between inventors and investors are done on the basis of Locicoin.

Loci is unique itself and provideunique solution as compared to another platform. Loci's invenn platform provides result in venn diagram form which is user-friendly and easy to understand. Other platforms provide it in long list format which could be difficult to carry on. Invenn is not only a search tool but also acts as blockchain integrated public disclosure platform to gain ownership over inventions. Through invenn new inventions are also added to search result database. Loci have many competitors like innography, mapegy, intellixir but still, Loci is unique because none of them has used blockchain technology. The core idea of using blockchain technology was to make invention registry system transparent and secure. LOCI isolates itself from other platforms through its smart contracts, security version for distributed information and immutability towards its stored data through blockchain technology. The first step in the patent application, he or she needs to prove that their inventions are original that should meet regulated requirements.

The user can use invenn to improvise their invention and make their inventions unique which exist nowhere else. After the idea is approved patent can disclose it publicly and can claim rights to their invention. Thus through this crowdsourcingmodelother invenn user can recognize the actual owner of the particular invention.

The great persons behind this tremendous technology are JohnWise, Eric rose, Brain Hwang and Harjit Singh. john Wise the CEO is the person behind bringing transparency and lucidity in the patent industry.

LociCoin distribution structure goes as follows: 50% is allocated to launch supporters, 5% towards the non-profit fund, 34% is reserved to purchase intellectual property and reward platform users and rest 11% towards team, advisors, and partners. Unsold tokens are preserved for 4 years of which 25% is released every year for the growth of the ecosystem. Loci token sale is organized from December 6 to 31 , 2017. The token sale is chopped into four rounds, first round will be for the participants who registered before the start of token sale will get 40% discount, in second round 30% discount, third round will be at 20%, fourth round will be at 10% and all the discount will be at the base rate of $2.50. Using this base rate the full version of invenn could be accessed. Locicoin will be managed by loci foundation who will act regulate the exchange of Locicoins for inventions.

LociCoin Is the best place to invest who value their ideas and innovations, and want to improvise them by making a new discovery. Thus its tagline says it all "THINKING BETTER, TOGETHER".

Visit :

Website : https://locipro.com/

Whitepaper : https://locipro.com/wp-content/uploads/2017/11/loci-full-whitepaper.pdf

Authored By: Etheran

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