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What is Loligo??

OwadolaSep 26, 2018, 10:03:19 AM
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My designation is Abdulwahab(Abdulowad), I indicate that the blog and articles on this platform is authentic.


Loligo is a decentralized platform for securing ICOs. As I said earlier, the world is ruled by business and every business requires capital and this calls for funding. The need for funding capital has made businesses directly dependent on conventional financing: personal resources, banks, capital sales and business angels, giving room for a centralized system. Thanks to the Internet revolution which has enabled project sponsors to implement new ways to raise funds, and a new concept called crowdfunding has been born.

The introduction of crowdfunding is indeed a welcome development as banks will no longer be the only masters of funds and capital; projects are likely to be conducted more freely.

Following the introduction of Bitcoin and other cryptocurrencies, crowdfunding has taken on a new style which is the called the ICO (Initial Coin Offering). An ICO is a fundraising method that involves the issuance of tokens on a blockchain independently of a trusted third party. In this case the buyer only holds a token that will allow him to use the service once the final product is developed, with the hope that its value will increase due to demand but does not hold a stake in the company.

Although having received applauds for suggesting solutions to some of the above issues, but it still yet has not given the needed answer to the real investment and fund raising problems. Most of the ICOs have several indisputable risks, however; in addition to any technical flaws, the company may be incompetent or fictitious. The project itself is not immune to a future shutdown or bad management, also, the increased number of Scam ICO projects has made the investors to lose confidence ICOs.

The above challenges gave birth to the ideas that brought Loligo project. Contrary to current ICO platforms, Loligo offers a complete and unique technical and legal solution to all the problems and risks to fundraising campaigns. As said before, the system being a decentralized platform, Loligo will utlize the disruptive power of Blockchain to implement smart contracts permitting a phased release of funds collected for the ICO while, at the same time, a collective right of withdrawal. That is to say, the token is both mineable and environmentally friendly, consuming little energy thanks to dual mining. Miners can sell the tokens on any recognized exchanges, and individuals will be able to use them to participate in fundraising, including those affiliated with the ICOSafe program.

The platform is not doubt the safest and most advanced ICO crowdfunding ecosystem.it also offers all the needed mechanism for a successful and professional ICO.

How it Works

ICO/Token Details

The total number of sold tokens is 16M. Tokens sold during the ICO will be automatically reported on the final blockchain. Since the final currency is not an ERC-20 token, all ERC-20 tokens will be burned as soon as balances are reported on the main blockchain.

Total ICO supply: 16M

Technology: ERC-20 then Loligo Blockchain (see roadmap)

Available for purchase: 11.2M

Acceptable currency: FIAT/ETH during private sale. FIAT, ETH, BTC, LTC in public sal

SoftCap / HardCap: 0.95M$ / 12M$

Initial rate: 1 LLG=0.003 ETH (±1.07$)

Pre-sale Starts: 01/09-19/10 2018

Discount: 30%

Rate: 0.75 $

Crowdsale Starts: 20/10-25/11 2018

Discount: 0%

Rate: 1.07 $

Roadmap

Conclusion

Loligo is an open source project, free of distribution rights, seeking widespread community adoption. However, a business model has been developed to ensure the profitability and sustainability of revenues of the founding company while preserving liberty and transparency of the blockchain. In achieving this, Loligo platform is initiated and backed with professionals with unquestionable wealth of experiences. Our team believes in the disruptive power of blockchain technology and smart contracts, and understands that most existing cryptocurrencies are great for techies but complex for common users; as such, brings strength and credibility to the project. So with them on the Loligo project wheel, you can be rest assured that your investment is in the right platform.

For more info on this project, please visit the link below:

Websites: https://loligo.co/

ANN Thread: https://bitcointalk.org/index.php?topic=4847741.0

Telegram: https://t.me/loligoico

Twitter: https://twitter.com/Loligo_co

Facebook: https://www.facebook.com/loligo.co

Whitepaper: https://loligo.co/assets/doc/LOLIGO-EN-V0.68.pdf

Author Details:


Bitcointalk Username: Abdulowad


Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1328781