INTRODUCTION
ICOs can be achieved through direct sales. This process is mainly based on the confidence participants have in the company that is leading the project. The purchased tokens generally are not within any blockchain; they are simply located in the database of the ICO launcher. This approach is used less and less, thanks to the advent of smart
contracts.
The smart contracts are used to define and hard code the agreement between the launcher of an ICO and the participants, without relaying a trusted third party. Unfortunately, these do not meet any quality or coding standards. Indeed, these contracts are performed in a blockchain element far from the control of any person or entity, which makes them very vulnerable to attack. On June 17th, 2017, a hacker was able to divert the equivalent of $50 million by exploiting a flaw in a poorly written Ethereum smart contract. It even happens that these contracts refer to hidden type clauses "Transactions using the token can be disabled by the team at any time," or, "The team can issue new tokens at any time," or even "The team can DESTROY tokens at anytime."
Once started, the project is obviously not immune to a loss of confidence due to uselessness or more relevant competition. An unscheduled stop can also occur due to various reasons such as an internal conflict or mismanagement, or even an unexpected political decision.
Contrary to current ICO platforms, Loligo offers a complete and unique technical and legal solution to all the problems and risks to fundraising campaigns.
ABOUT THE PLATFORM
Loligo is a revolutionary platform that ensures the smooth operation of ICOs through innovative staggered contracts and under the control of the participants. Loligo allows both community and centralized approaches while reaping the most benefits. In practice, it's a cryptocurrency based on a public and open-source blockchain, run by a
company that serves as a legal representative.
The platform also have the following qualities:
- LOLIGO is the safest and most advanced ICO crowdfunding platform.
- 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.
FUNCTIONS OF LOLIGO
Mineable
A minimum value proportional to the energy expended is guaranteed.Store of value
LOLIGO represents a real digital storage medium, just like gold, silver or bitcoin.Limited supply
The scarcity of the token guarantees a return on investmentDeflationist
The emission of LOLIGO decreases with increasing difficulty that adapts to global hashrate.Security driven governance
LOLIGO Blockchain governance is only related to performance and fault management.Fair
LOLIGO is the only Blockchain imposing a balanced crowdfunding relationship.Decentralized
LOLIGO is not influenced by any entity or organization.Dedicated network
Unlike other currencies, LOLIGO Blockchain is dedicated exclusively to the launch of ICOs.No extra premined
LOLIGO is premining only the tokens sold during the ICO.
LOLIGO PLATFORM GOALS
Factory
Allows the ICO launcher to edit, check, test and publish its LCC contract on the blockchain.Dashboard
An online service to manage ICO campaign through an intuitive graphical wizard while offering the classic features of the dashboard and much moreMarket
This component lists ICOs and associated labels and allow direct token purchase.Benchmark
All ICOs are verified by our experts and through automated real-time analysis, results are available in the benchmark tool.Exchange
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.
OVERVIEW
TOKEN DETAILS
- Total ICO supply: 16M.
- Technology: ERC-20 then Loligo Blockchain (see roadmap).
- Available for purchase: 11.2M.
- Accepted currency: FIAT/ETH during private sale. FIAT, ETH, BTC, LTC in public sale.
- SoftCap / HardCap: 0.95M$ / 12M$.
- Initial rate: 1 LLG=0.003 ETH (±1.07$).
TOKEN ALLOCATION
- Crowdsale: 70.00%.
- Marketing: 15.00%.
- Team & Founders: 9.00%.
- Advisors: 3.00%.
- Bounty Campaign: 3.00%
TOKEN DISTRIBUTION
Others: 3.00%
Services: 5.00%
Operations: 12.00%
Marketing: 30.00%
R&D: 50.00%
ROADMAP
POC Net Up and accessible
- Oct 2018
Net to test concept
ICO Crowdsale
- Oct 2018
Public Token Sale
Token Exchange Listing
- Jan 2019
Listing ERC-20 Token
Test Net Up
- Feb 2019
Net to test blockchain
Public Consortium Mainnet Launch
- May 2019
Public Net – No Mining
Fork & Token Distribution
- June 2019
Fork and LLG Token Distribution
First Fidelity Airdrop
- Jun 2019
Mined Token Distribution
Plateform Launch
- July 2019
Launch of LOLIGO Plateform
Final Exchange Listing
- July 2019
Listing of Mineable LLG Token
Main Net Up
- Aug 2019
Public Mining Node
Second Fidelity Airdrop
- Sept 2019
Extra Reward for Early miners
TEAM
Abdelfattah Chehab
- Co-founder & CEO
Abdelfattah is a skilled entrepreneur and a technical expert. During these 12 years of experience, Abdelfattah has diversified his knowledge on innovative products and technologies in large multinationals.
Mahmoud Chikouche
- Co-Founder & Head of Business
Mahmoud, is a talented engineer. After graduating from École Centrale, Mahmoud has developed his knowledge within Fortune 500 Companies: Microsoft, Airbus, Nokia, and Schneider.
Paul Lê
- Head Of Strategy
Paul is a serial entrepreneur. He has a great reputation for his entrepreneurial skills. After finishing his studies in California, Paul returned to France and launched his 2 startups.
Felix Velay
- Head of ICO & Business Developer
Felix is a graduate of 42, Paris, the leading university of disruptive engineering. Felix brings new thinking and new solutions to the field of blockchain project.
Iyed Bennour
- Chief technology officer
Iyed is a technical expert. His 14 years experience in software engineering makes him a great asset to meet the future technical challenges. He has a strong expertise at all levels: embedded, computer network, specification, software integration, programming and software development.
Tristan Kieffer
- Head of Sales
Tristan has an international and entrepreneurial career in the e-commerce and high tech field. His specialties are the partner acquisition and the customer network development.
For further questions and information about this platform, kindly click on the following links below:
WEBSITE: https://loligo.co/
FACEBOOK: https://www.facebook.com/loligo.co
TWITTER: https://twitter.com/Loligo_co
REDDIT: https://www.reddit.com/r/Loligo/
ANN: https://bitcointalk.org/index.php?topic=4847741.0
WHITEPAPER: https://loligo.co/assets/doc/LOLIGO-EN-V0.68.pdf
TELEGRAM: https://t.me/loligoico
Authored By: misteroladipo
BTT Link: https://bitcointalk.org/index.php?action=profile;u=1781078
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