LOLIGO: Decentralized Ecosystem for Securing ICOs

Despite the fall of the cryptocurrency market, the number of ICO continues to grow every day and of course fraudulent ICO have not gone away, although investors have become much more literate and more often they manage to bypass such projects, but still there are no guarantees of full protection from them, besides, often honest projects simply can not cope with the tasks due to various reasons. The solution to this problem is offered by the LOLIGO project.

LOLIGO is a crowdfunding platform that will help startups raise money without risks for investors. All the money collected by the startup will be frozen and returned back to investors if the project turns out to be a scam or does not reach softcap. The frozen money will be issued in parts to the project in accordance with their adherence to the road map. That is, the platform will use a new model of crowdfunding called DAYCO (Decentralized Autonomous Initial Coin Offering). This will stimulate the projects to bring it to the end, and investors will not worry that they will lose their money.

All processes on the LOLIGO platform will be decentralized, which will minimize the impact of the negative human factor. And all decisions on the platform will be made collectively by community members by voting. Startup's tokens will be created through LCC smart contracts that will allow investors to control all stages of the roadmap. And most importantly, the platform will be free for startups and investors and will be open source.

In addition to the ICO platform, a private exchange will also be created, where tokens of projects launched on the LOLIGO platform will be exchanged and traded before listing them on other large exchanges.

The token of the project LLG is issued in the ERC-20 standard, but after the launch of the mainnet it will switch to its blockchain and become mineable. The emission will be limited this ensures that there is no hidden inflation and will decrease with increasing hashrate similar to the bitcoin network. Mining LLG will be energy efficient, which means that the company cares about the environment. Also, the platform’s maximum performance will be ensured due to the dedicated network under the ICO, and this is very important, many of us know how the Ethereum platform sometimes works because of the many applications running on it that load the network.

The project team consists of specialists in the field of blockchain, business and marketing, you can find them on the official website which also lists their contacts in the social network LinkedIn.

Features

Solutions

Roadmap

LOLIGO ICO received a high rating from ICO trackers

ICO specification

LOLIGO will help real companies to come to the market and implement their ideas with the help of blockchain technology. No one now can say for sure whether the project will be able to replace the Ethereum platform or other platforms for ICO behavior, but they all have a number of obvious shortcomings and LOLIGO intends to solve them. Whether it will work or not will show time, but I think that the project is very interesting for investment.

Official resources:

WEBSITE: https://loligo.co
TELEGRAM: https://t.me/loligoico
WHITEPAPER: https://loligo.co/assets/doc/LOLIGO-EN-V0.68.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4847741.0
FACEBOOK: https://www.facebook.com/loligo.co
TWITTER: https://twitter.com/Loligo_co
MEDIUM: https://medium.com/@Loligo_co
REDDIT: https://www.reddit.com/r/Loligo/
LINKEDIN: https://www.linkedin.com/company/loligoproject/
YOUTUBE: https://www.youtube.com/channel/UCbK3Sj8uGZMol6qiI02ug9A
GITHUB: https://github.com/BlocZero/loligo/

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