Loligo - The Platform for ICO

insaallah99 (39)in #crypto • 6 years ago

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The most trending technology that is being talked all over all around the world since the past year is the blockchain technology. The attention it got is extraordinary. People started to utilize the blockchain in different places, get a unique and effective idea and lastly put that idea into work. This has led to a conclusion of the fundraising campaigns or the ICO. The market of cryptocurrency surged way high after this excessive amount of ICOs.

In a fundraising campaign comes great responsibility. Especially the security must be taken very seriously as a bad security can cause an extreme amount of money loss. With this theme in mind, today we are talking about a project called Loligo.

What is Loligo

Loligo is a blockchain based project creating a platform for other ICOs to provide the services which they desperately in need of. Making an ICO and raising fund is more complicated than it looks. Everything has to perfect, on the point and absolutely no mistake. The Ethereum smart contract system might have made it a bit easy and it's still hard to execute perfectly. This is where Loligo comes. Loligo introduces a platform where an ICO meets their perfection. With Loligo, one can start their own ICO, start fundraising and in the end distribute everything where it's supposed to be with complete trust, transparency and security.

Since the year 2017, the ICO has become a very popular matter in many counties. Every day many new IOCs are held with brilliant goals. For an ICO to have a successful ICO campaign, a good platform where it held is very much necessary. But sadly now many ICOs are not finding a suitable platform to do their ICO with suitable terms and services. Leading to an unsuccessful campaign and possibly money theft. Loligo will have a huge effect on this problem.

Market Potential

The popularity of blockchain is increasing day by day. When you look at the market cap if crypto, it has been increasing gradually. As our technology advances, the blockchain is bound to be a part of our life and ICO will play a big role in making that a reality. The places where the blockchain can be used is countless. In the future, new ICOs are bound to emerge and find its place here in the world.

The second thing that can be taken into the matter is the amount raised and the market cap. On 2017, a spectacular amount of $5 billion was raised via various ICO around the world. By the beginning of 2018, it increased to $14b. Currently now at this moment, it has exceeded that amount long ago and ICOs are now held in even more frequently than ever.

In these two, it clearly indicates that there is still a huge potential for a platform which can lead the ICOs to the road to success with services of Loligo nowhere available right now.

Find more info here: https://loligo.co/

Problem Faced by ICOs

The platform to launch an ICO is still rare nowadays. However, one or two platforms has launched and operating now. However, these platforms are not perfect and risky in many ways. Some of the problems are described below

Centralization

One of the platforms that emerged recently for making and launching ICO is Indiegogo. The problem with these platforms is that they are heavily centralized. Centralization has their own benefit but has some massive drawbacks. Centralizing compromises the security massively. The platform can get hacked, manipulated or even users can face the abuse of power. Also, they are considered a third party so one has to have trust in them.

Smart Contract

The most popular network for decentralized ICO launching network is the Ethereum or Ethereum Classic. The best feature of this network is the smart contract. Letting something to be executed if it meets all the condition. However, this technology takes a lot of effort to make perfect and to work properly. If not done well, if the security is can be breached, it can be manipulated. Not to mention the funds can be compromised.

Network

As said before, the popular network for decentralized ICO launching is Ethereum. However, with the amount of ICOs launching recently, the network often gets overloaded. This leads to a very slow transaction and a high transaction fee. Especially for investors, it leads to a very bad experience and inconveniencies. If the demand of an ICO is too popular, the network overloading is very common.

Ethereum

Ethereum is popular for holding ICOs but it was designed for this kind of work. Even if the contract is solid, the network condition is good, the ICO itself can away with the money they collected. Sadly this issue is very common among many ICO. It can't guarantee proper fundraising.

DAICO

Considering the amount of ICO emerging, DAICO was born out of DAO. After releasing their platform it was popular for a while and also had some of the best solutions faced in ICO. However, along with it came many complexities and inconveniences. Now it's on the verge of being abandoned.

What Loligo offers

Loligo offers a number of solution to these problems faced very commonly. Not only solve the problems also providing the extra services which can make the campaign better than ever.

Minable

Loligo is a public, open-sourced blockchain. The token of Loligo is minable. A minimum value proportional to expanded energy is guaranteed.

Decentralized

Loligo platform is completely decentralized and out of any entity and agency. DAO concept is out of the platform and most importantly, it's secured.

Dedication

Most platform dedicates themselves to multiple purposes and tries to do many things at once. This leads to so many imperfections. Here at Loligo, the only platform dedicated to launching ICO with pure perfection and dedicated for this reason and this only.

Security

The most important part of an ICO is the security. 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.

Technology and Tools

Everything that is used inside the Loligo platform is digital, modern and powerful tools which are not used by most platforms. Loligo offers smart and modern tools like Smart Explorer and so on for a better management service.

Support

Loligo will offer a complete support to the investor wherever needed. Needless to say, investors can easily find their answer, clear their questions through the support. This includes complete support, expertise,
auditing, or even code writing.

Details here: https://loligo.co/

Why Loligo

Loligo not only offers a modern and digital service for ICO but also make the ICO phase executing much easier and better. In the current system, a good platform for ICO managing is very rare. Loligo will use professional team, platform using the blockchain and use modern tools. With the transparency, security, it can easily be the platform for every ICO.

Roadmap

ICO Details

• Token Symbol: LLG
• Token Protocol: Ethereum
• Total Supply: 16,000,000 LLG
• Token Price: 0.003 ETH
• Soft Cap: $950,000
• Hard Cap: $12,000,000
• Accepted Funds: ETH, Fiat

Distribution

Conclusion

Loligo is planning on how ICO starts and finishes. The market has demand and it's huge. When the platform is fully developed, the fraud and scam rate can go down significantly. Overall, Loligo has good potential.

Find out more about Loligo in these links

Website: https://loligo.co/
Facebook: https://www.facebook.com/loligo.co
Twitter: https://twitter.com/Loligo_co
Telegram: https://t.me/loligoico
ANN Thread: https://bitcointalk.org/index.php?topic=4847741.0
Whitepaper: https://loligo.co/assets/doc/LOLIGO-EN-V0.68.pdf