LookRev Token Sale Announcement — September 8th, 2017
LookRev has announced its ICO (Initial Coin Offering) coming up on September 8th, 2017.
With six years of development, LookRev has more than a dozen Android, Apple, and web applications in the market. It has more than 400,000 organic downloads, and more than 3 million usages, offering many benefits to consumers and product makers. LookRev (LOK) tokens will bring many solid utilities and benefits to the ecosystem.
LookRev token sale will be conducted through Ethereum blockchain, using LookRev smart contract. Buyers can directly purchase LookRev tokens during the crowd period on the blockchain. Buyer will immediately receive LOK token in his/her wallet after the transaction is verified through blockchain. LookRev smart contract is a verified contract on EtherScan.io has the contract name LookRevToken and LookRev Logo. Further details will be published soon on LookRev website, Bitcointalk, Medium, Steemit and other channels.
LookRev is the first blockchain-based P2P marketplace for creative products. Using block chain and smart contract as infrastructure, it dynamically generates an ongoing smart contract based proof-of-work product distribution chain, creating a trust-worthy and mutually beneficial chain of services for product creation, customization, and distribution.
LookRev = VR + Blockchain + Business
It helps creative product makers find the product-market-fit for his or her custom products. It helps shoppers discover the creative products they like, and helps them preorder and buy custom products from the creative product makers. Here is a brief introduction video of LookRev ICO.
Our whitepaper describes the goals and vision of LookRev in more detail.
LookRev token has many utilities, and can be used in several ways.
- Utility token for purchasing custom products on LookRev platform. Consumers can use LookRev token to order and buy custom products from product makers.
- Utility token for receiving and exchanging services. LookRev tokens are used to exchange for custom services, and/or custom products on the platform.
- Preorder token. Preorder tokens are used to pre-purchase custom products before they are completed by the product maker. Product maker can repay these token by either selling the completed custom products to preorder token holders at discounted price, or prepay these tokens with tokens they earn on LookRev platform.
- Utility token that exchange one type of usage to another one. For example, a product maker receives preorder tokens from customers.
- Revenue share token to receive revenue share from the LookRev community pool. Token holders must actively involve in LookRev community and take role in order to receive community revenue share.
The official and only LookRev token sale contract address is a verified contract on EtherScan.io. Full address will be listed on our website.
Sale Start Date and Time: 15:00 UTC on September 8th, 2017
Sale End Date and Time: 15:00 UTC on October 8th, 2017
Sale Duration: 30 days, or until the hard cap is reached
3,000 LOK to 1 ETH (first 24 hours)
2,700 LOK to 1 ETH (next 48 hours)
2,400 LOK to 1 ETH (rest of the sale)
The token allocation and the use of proceeds are show in the following chart.
We thank all of our community members for their contribution and support. We have an FAQ about our token sale on our website. Any feedback, comments, or questions can be asked directly to our team by visiting our Slack channel, Subreddit or Telegram.