As wide spread acceptance of Blockchain technology and Crypto-Currencies are now taking over the world, it is wise for one to hop on, on the train of Blockchain technology and cryptocurrency, and ride along. However, this is not just something to hop on without having an in-depth knowledge of what it is and how it works. When something is in rage, the best option is to understand it before you join. What exactly is this Blockchain technology driven Crypto-Currency platform called Loligo all about? How does it work? What are the benefits of the platform? Is the platform feasible and reliable? With this article, all these questions and more will be answered keep reading.
What is Loligo?
Loligo is a Blockchain technology driven ICOs launching platform that is fair, peer-to-peer and decentralized. Loligo ensures the smooth operation of ICOs through innovative staggered contracts and under the control of the participants.
On the contrary to current ICO platforms, Loligo offers a complete and unique technical and legal solution to all the problems and risks to fundraising campaigns.
In practice, it's a cryptocurrency based on a public and open-source blockchain, run by a company that serves as a legal representative.
Loligo Platform formula allows users to:
Solve the ICO safety problem, known as DAICO.
Add controls and access constraints to the blockchain
Require standards in the launch process and the code of contracts
Streamline the launch process by defining steps and imposing rules
Establish a fair management model incomparable with the famous DAO
Ensure optimal performance, thanks to the dedicated ICO network
Prepare for the formal adoption of ICO by nations
Features of Loligo Platform
Many features distinguish Loligo from other tokens and cryptocurrencies on the market:
Mineable
Loligo is a public and open source blockchain that targets a community-wide adoption. The main token is mineable.
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
Loligo token numbers has been 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 Exchange
This is a private cryptocurrency exchange that consistently supports all ICOs launched via the Loligo platform. It mainly helps ICO token holders sell their reserves before the official listing. Our exchange also allows miners to sell their tokens directly in a marketplace with sufficient demand. In addition to the intuitive mode of exchange, a “pro” mode is available for more advanced users. Its modular architecture permits support for several recognized currencies. Deposits and withdrawals to the Smart Wallet are natively supported.
Initially it was decided to support the following currencies:
ETH / BTC: They are the two most recognized crypto currencies and accepted worldwide. This ensures maximum interoperability transfer and exchange of currencies.
LTC (Litecoin): The third most recognized currency and by far the one with the fastest blockchain among the top 5. LTC is supported by almost every exchange and directly buyable with fiat.
ZCL (Zclassic): For reasons of preservation of anonymity, it was decided to propose a currency offering transaction encryption. Our choice was focused on
Zclassic due to available liquidity, the large exchange support and above all, the absence of hidden costs.
Features comparison to it Counterparts
Below is a comparative table of technical data and information essential to miners:
The above table shows that Loligo is best of its kind.
Loligo Token Technical Information and Distribution
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. The information provided regarding the creation, processing and allocation of tokens represents the current plan. The distribution plan is subject to change; any changes to it will be officially announced via our social channels.
Refund
If the Softcap is not reached, all the token purchased will be refunded. Refund starts will start 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.
Loligo Blue print
To know more about Loligo platform, visit the following sites:
Website: https://loligo.co/
ANN Thread: https://bitcointalk.org/index.php?topic=4847741.0
Facebook : https://www.facebook.com/loligo.co
Twitter: https://twitter.com/Loligo_co
Telegram: https://t.me/loligoico
Medium: https://medium.com/@Loligo_co
Published By: Okorie Daniel Nwokedi
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1994989