A Pipe and a Tap — a Note on how the Loyakk Ltd’s Coin Offering aligns with Vitalik’s latest viewpoint on DAICOs
Note: Our patent was filed nearly a year before Vitalik’s post on a DAICO. While we cannot share detailed information of our proposal, we are heartened by the alignment our thinking has with Vitalik Buterin.
If Credibility is the one single word that defines the launch of a successful Coing Offering, Transparency is the next one that defines the continued success of the decentralized application and network. The core question Team Loyakk Ltd. set about answering when we conceived our Enterprise Blockchain Platform was as follows: VC’s don’t invest in products, ideas, and markets but instead invest in teams; and post investment get the transparency necessary to ensure the team is working to their stated goals. How can we alleviate concerns of Token Purchasers and align to our core beliefs of Credibility and Transparency?
On the Credibility dimension, our blue-chip team with deep enterprise DNA and deep experience at companies such as SAP, Oracle/Siebel, VMware and E-Trade; our Advisory Board with industry leaders from companies such as SAP and Nissan Motors; our partnerships such as the ones with global IT Leader, Mphasis, and Civic, and most importantly, our existing customers such as Abbott Labs, Novartis and Infosys granted us significant cache. Next up — Transparency. Here we aim to share how Loyakk addresses the issues of transparency front-and-center, and how we hope to set new standard for all Coin Offerings and decentralized applications, ecosystems, and products.
Our business mission is to help enterprises/business manage their relationships within decentralized business networks (or Value Webs). There are many vectors that determine the overall performance of these business networks. How do we measure, track the value generated by a business network — powered by Loyakk, and more importantly communicate that value to external stakeholders without compromising the confidential information buried in these networks? We do so defining a ‘data pipe’ (it ends in a tap referenced in Vitalik’s post) that carries the rich meta information that is a measure of the relationships, the interactions and the value they contain at any point in time. The information can be ingested by token holders into all kinds of quantitative models such as the ones used by equities traders to value the network and its impact on the organizations that are part of the network. By offering this data pipe, we will provide our token holders with a transparent, real-time and objective view of our networks’ performance..
We believe — the network is the key enabler here. Our token LYK is the fuel that powers the network. We are committed to creating a credible and transparent ecosystem that benefits our token holders while protecting the confidentiality of our enterprise customers. Join us at Loyakk.io and be a part of the revolution, as we make decentralized business networks more secure, efficient and agile.
iStrategies Ltd. UK and Loyakk Ltd. UK are the originators of the Loyakk ICO leveraging technology licensed from Loyakk, Inc.
