LOLIGO – The World’s 1st ICO Safety Ecosystem

INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

Atimes 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, This is where LOLIGO comes in.

ADVANTAGES OF BLOCKCHAIN IMPLEMENTATION

Decentralized Payment Processing

The payment processing framework for global commerce is based on a centralized system which requires the services of third-party authenticators. These third-party agents are responsible for ensuring the fidelity of the global payments system and they charge fees for their services. One of the fundamental philosophies behind the operation of the blockchain is the removal of these third-party agents and their associated cost of trust and replacing them with a robust, functioning distributed ledger payment framework.

Creating an Immutable System of Record

The blockchain is the first successful implementation of the distributed ledger framework. On public blockchains, the distributed ledger constitutes an immutable system of records that is available to all participants. The immutability of a blockchain ensures that it is tamper-proof.

Reducing Cost of Transaction

Payment processing remains the basic level of commerce but it is one that has not seen much in the way of evolution since the emergence of fintech protocols. Blockchain technology has the potential to disrupt commerce by causing a paradigm shift in the mechanism by which transactions are carried out. The fees charged by third-party actors and middlemen in the payment chain constitute a considerable portion of the cost of transactions. By eliminating the middlemen, the cost of transaction is materially diminished.

Enhanced Security

Operating on a multinational scale opens up any enterprise to the activities of hackers looking to breach the structural and functional integrity of the platform. Blockchain technology offers a robust security framework that makes it difficult for hackers to make an incursion into the platform. There is no central point of failure and hence no single point of entry for malicious digital attacks. This ensures the safety and security of the data collected by field agents and the payment processing network. that provides an accurate accounting for the entire platform.

ABOUT 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.

Additionally, 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.

CHALLENGES

Find below the problem LOLIGO hope to solve:

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.

SOLUTIONS

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 more Market: 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.

Smart Wallet

Allows the purchase and storage of LOLIGO tokens, participation in different ICOs, portfolio monitoring, and voting for or against current projects.

How It Works?

The Features

Mineable

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.

Limited Supply

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.

Deflationist

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.

Miner-Oriented

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.

Fair

Through its staggered contract, Loligo is the only way to ensure a fair and balanced relationship between the project launcher and investors.

Decentralized

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.

Dedicated Network

Unlike other currencies, the Loligo blockchain is dedicated exclusively to the launch of ICOs.

Security Governance

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.

Professional Support

Through its parent company, Loligo offers direct professional support to investors. This includes complete support, expertise, auditing, or even code writing.

Next-Generation Tools

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.

LOLIGO Services

ICO LAUNCH

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.

SAFETY SERVICE

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.

GOVLINK

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 Details

Token – LLG

Platform – Ethereum

Type – ERC20

PreICO price – 1 LLG = 0.002

ETH Price in ICO – 1 LLG = 0.003 ETH

BONUS

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

Token Distribution

The Crowdsale

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.

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