LOLIGO - The Safest and Most Reliable Platform for ICO Sales and Purchase
What is Loligo?
Loligo is a revolutionary platform that ensures the smooth operation of ICOs through innovative staggered contracts and under the control of the participants. Loligo allows both community and centralized approaches while reaping the most benefits. 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 is a safe and advanced ICO crowdfunding platform. It offers token creation through LCC smart contracts. LOLIGO ensures a fair fund distribution based on milestones and participants’ vote. LOLIGO platform offers all the required tools for a successful & professional ICO.
The growth of fundraising through ICO has become very spectacular. In 2017, the total amount raised was estimated to be $5 billion, and has reached 14$ billion since early 2018. However, in the absence of legal and administrative frameworks, ICOs pose many risks for individual users who often lack the technical skills needed to evaluate the potential of a project. They find themselves trapped by investments that never take off. In 2017, 84% of projects funded through ICOs were in the idea stage, 11% were in the prototype stage and only 5% were for already active companies.
Hidden under a crypto-acronym or marketing campaign on social networks, the identity of a promoter may remain unknown or even risky. The creation of a company is not required by the community; it is able to issue a token and launch an ICO without officially disclosing its identity. To date, there is no reliable way to identify a project leader.
ICOs can be achieved through direct sales. This process is mainly based on the confidence participants have in the company that is leading the project. The purchased tokens generally are not within any blockchain; they are simply located in the database of the ICO launcher. This approach is used less and less, thanks to the advent of smart contracts.
The smart contracts are used to define and hard code the agreement between the launcher of an ICO and the participants, without relaying a trusted third party. Unfortunately, these do not meet any quality or coding standards. Indeed, these contracts are performed in a blockchain element far from the control of any person or entity, which makes them very vulnerable to attack. On June 17th, 2017, a hacker was able to divert the equivalent of $50 million by exploiting a flaw in a poorly written Ethereum smart contract. It even happens that these contracts refer to hidden type clauses “Transactions using the token can be disabled by the team at any time,” or, “The team can issue new tokens at any time,” or even “The team can DESTROY tokens at any time.
Once started, the project is obviously not immune to a loss of confidence due to uselessness or more relevant competition. An unscheduled stop can also occur due to various reasons such as an internal conflict or mismanagement, or even an unexpected political decision.
Contrary to current ICO platforms, Loligo offers a complete and unique technical and legal solution to all the problems and risks to fundraising campaigns.
Read more on youtube: https://youtu.be/IHfqS5Hsyxk
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