ico review: LOLIGO

Safety For Everbody

PROBLEM

Collecting funds for a blockchain project through ICO launches has been a trend for the past three years. Although we have been bearish almost throughout 2018, the ICO market is still large and getting bigger at any time. It is important to know the condition of the project that people have invested during the ICO implementation period. Because according to the data circulating in 2017, there were 84% of the projects in the phase of ideas, only 11% of that was in the prototype stage and only 5% of that was successfully operating.

And it is very impossible to guarantee to invest in ICOs. ICO launching companies could have escaped carrying funds which resulted in investors losing all their money. There are no platforms that offer funding insurance guarantees or solutions to funding risks.

Actually, there are already many various ICO launch platforms, but nothing can really guarantee the security of investing in the ICO, for example:

Indiegogo that does ICO without applying blockchain. This centralized platform use a third party that carries a greater own risk such as; hacking, manipulation, excessive margin, and abuse of power
Blockchain-based platforms like Ethereum. However, it's not 100% compatible with ICO crowdfunding mechanisms because it still requires a fair system, purely dedicated to ICO crowdfunding mechanisms, providing optimal security while maintaining the spread of simple sales contracts.
The hybrid platform provides purchase of ICOs based on Smart Contracts based on ERC-20 Standards such as KICKICO, but all tasks such as transaction monitoring and management are carried out through traditional, complex centralized systems.
There are a number of other new platforms that are still in the development phase that is superior to Ethereum but can't yet be operated in the ICO market such as Neo, Cardano, and EOS

SOLUTION

Loligo is a platform created with the aim of eliminating the risk of investing in ICOs. Loligo provides services both for companies that launch ICO and for investors, by providing an ICO launch platform and a platform for investors at once. Loligo is a blockchain-based platform to create a fair, peer-to-peer, and decentralized ICO climate. Blockchain technology implements intelligent contracts that allow the gradual release of funds collected for temporary ICOs and at the same time, there are collective withdrawal rights.

Loligo has a Loligo Cyclic Contract (LCC) which is a smart contract that will issue funds according to the participants' votes in stages. If the participant gives a negative vote, the project stops and all the remaining funds are returned to investors, this is an advantage that Loligo has, which provides more security for investors

Loligo has several features that are provided specifically for the convenience of users, both investors and ICO launchers. Besides that, Loligo is also a token that is mine-able and environmentally friendly, using less energy because it uses double mining. Miners can sell tokens on exchanges, and users will be able to use them to participate in the ICO, including those affiliated with the ICOSafe program. Various services are available to facilitate ICO adoption. This open source and free platform allow the ICO launcher to edit, check, test and publish 'its LCC on the blockchain through interaction with the Dashboard, but to be able to survive and stay competitive in the market, loligo develops new features and business models have been established. For ICO launchers there are paid options such as Premium and Advanced, each of which has a different level of security and ergonomics. Loligo will include ICOs with their ratings and labels that are always updated in real-time and integrated with the Benchmark feature.

Loligo also provides Smart Wallet that will allow purchases to ICO and vote for them. Loligo also provides professional support directly to investors. This support includes many supports such as expertise, auditing or even writing code. Loligo is different from other trackers such as Etherscan, Smart Explorer which can only monitor fewer things in the ICO, but Loligo is provided to allow investors to monitor the ICOs and projects in detail.

What is owned by LOLIGO

Can be mined: The value that is proportional to the energy released
Save values: Just like other cryptocurrencies, LOLIGO represents real digital storage media also has the same value in each token as gold and silver
Limited supplies: This can guarantee a return on investment
Deflation: LOLIGO emissions will decrease with increasing difficulty adjusting to global hash rate.
Security-controlled management: The LOLIGO Blockchain governance is only related to performance and error management
Fair: LOLIGO is the only Blockchain that enforces fair crowdfunding relationships for its users.
Decentralization: LOLIGO cannot be influenced by any entity or organization.
Special network: Unlike other cryptocurrencies, the LOLIGO Blockchain is only dedicated specifically to ICO launches
There is no extra pre-mined: LOLIGO only shows tokens sold during ICO

Loligo service

Loligo has three services to its users, namely:

1. Launch ICO

Our experts will serve customers who want to launch an ICO campaign. This will include technical expertise, shipment development, and campaign scheduling and promotion.

2. Security Services

To handle every question about the OIC, our experts carefully study everything related to the project including the whitepaper, project functions, correspondence with the requested amount and much more.

3. GOVLINK

Our services are activated for each region. It offers each country several important instruments to monitor the financial status of the ICO launcher account so that it can quickly take the steps needed in each case of fraud detection.

TOKEN DISTRIBUTION

The total number of ERC-20 tokens sold for the ICO is 16 million tokens. Tokens sold during the ICO will be automatically reported on the last blockchain. This is because the last currency is not an ERC-20 token, all ERC-20 tokens will be burned as soon as the balance is reported on the main blockchain. Loligo will then use the blockchain itself.

To find out more. You can connect more with Loligo at the link below: