LOLIGO

Decentralized Ecosystem for Securing ICOs

Atung
6 min readNov 4, 2018
https://loligo.co/

Introduction

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.

Why LOLIGO ?

The expansion of capitalism is deeply changing the global economic model. This hasn’t stopped with the major institutions and multinationals that have been created, managed and led through large capitalization; it has exceeded this to become the standard for all startups and medium projects, even individual ones.

The need for capitalization made businesses directly dependent on conventional financing: personal resources, banks, capital sales and business angels. The Internet revolution has enabled project sponsors to implement new ways to raise funds, and a new concept has been born: crowdfunding.

Centralized ICOs

Recently, ICO launch platforms such as Indiegogo have emerged. A centralized ICO is a fundraiser launched by a company without necessarily going through a blockchain. The sale usually happens on the company website using conventional means: BTC (Bitcoin), ETH (Ethereum) or credit card.

Although these platforms ​are effective and safe, they unfortunately require participants to use a trusted third party. This can lead to several risks: hacking, manipulation, excessive margins and abuses of power.

These third parties, formed mainly by traditional institutions like banks and financial players that dominate the market, systematically reject any distributed blockchain-based fundraising solutions. This rejection is motivated only by the risks surrounding these fundraisers and scams associated with them.

Loligo 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. The DAO concept is totally removed from the governance protocol.
  • 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 Ecosystem

How Loligo works

Overview Loligo Platform

The use of Loligo does not necessarily require access to the online platform, indeed the basic package provides access to all the features of the blockchain.

To exploit the power of the Loligo solution, an online account is essential. Depending on the subscribed offer, several tools are available:

  1. Smart Wallet
    Our main wallet is available online. This is the entry point dedicated to investors.
  2. ICO Market
    ICOs launched with the Loligo platform are immediately listed in the marketplace. This component lists ICOs as well as associated labels, and classifies them by category, official or public rank
  3. Smart Explorer
    Loligo introduced a new generation of blockchain explorers dedicated to ICOs.
  4. LCC Factory
    This internal component, interfaces mainly with the Dashboard. It allows the ICO launcher to edit, check, test and publish its LCC contract on the blockchain.
  5. Benchmark
    Although it’s the top priority, the security of invested funds is far from the only concern of investors. Quality and good project performance indicators are essential. For this, Loligo provides an ICO evaluation platform composed of both the results of automated analysis and advice from our experts
  6. Dashboard
    Today, launching an ICO requires the establishment of a monitoring site and rather sophisticated token management.
  7. Ethereum Relay
    The relay is a component allowing the interaction between the two blockchains, Loligo and Ethereum.

This solution is very interesting and important for Loligo. It permits a very open architecture and provides the ability to perform several innovative deployments.

8. Loligo Exchange
This is a private cryptocurrency exchange that consistently supports all ICOs launched via the Loligo platform.
Initially it was decided to support the following currencies:

  • ETH / BTC
  • LTC (Litecoin)
  • ZCL (Zclassic)

THE TOKENS

The total number of tokens sold out is 16million. The tokens sold during the ICO will be reported on the final blockchain. All the ERC-20 tokens will be burned immediately the balance report are made and this is because the final currency is not an ERC-20 token.

The sale will be carried out using the smart contract and the source will be available online. The token allocation and the funds distribution is seen below.

Token Distribution

The total number of sold tokens is 16M. Tokens sold during the ICO will be automatically reported on the final blockchain.

Refund

If the Softcap is not reached, all purchases will be refunded. Refund starts immediately at the end of the crowdsale and available during one month. Since the refund is a transaction, the associated costs are charged to the investor.

Roadmap

Ratings

More about LOLIGO you can check their official pages :
Website : https://loligo.co/
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
LinkedIn : https://medium.com/@Loligo_co
Telegram : https://t.me/LOLIGOico

Author :
Username bitcointalk : nugroho8
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2070723
ERC20 Wallet Address : 0x6dDfa7AED370e8b37De5602e3baC852ed084361E

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