Sunday, September 2, 2018

LOLIGO - Revolutionary Platform that Ensures ICO Operations Smoothly Through Innovative Contracts

Hello everyone in this article I will present an interesting ICO analysis, called Loligo, based on the following criteria:

About 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.

This formula allows users to:
  • - Finally 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

Several features distinguish Loligo from other tokens and cryptocurrencies on the market:

Loligo is a public and open source blockchain that targets a community-wide adoption. The main token is mineable. A minimum value proportional to expended energy is guaranteed.

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
The number of Loligo tokens is 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.

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.

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.

Through its staggered contract, Loligo is the only way to ensure a fair and balanced relationship between the project launcher and investors.

Loligo is not influenced by any entity or agency. Listed on the public exchange, the price of the token is fixed by the single free trade in this market.

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.

Presale Procedure

For the sake of full transparency, it was decided to start the Loligo token presale by way of an Ethereum ERC-20 contract. This type of sale guarantees a public and unfalsifiable database that lists the participants and amounts mobilized. This same sale enables participants to automatically recover their LLG tokens after public blockchain launch without intervention of the technical team.

Upon completion of the presale, participants hold ERC-20 tokens. These tokens are available via an Ethereum wallet, and may therefore be exchanged directly or on a supporting Loligo ERC-20 exchange. Indeed, even though the existence of these tokens is indefinite, their utility is expected to end as soon as associated Loligo tokens are recovered. It is therefore normal that the support of ERC-20 tokens on trading platforms is not considered a priority for the remainder of the project.

However, due to the simplicity of adding this type of tokens in the exchanges and wallet, an envelope will be devoted to referencing the token on a recognized exchange if the average capitalization threshold is reached. The actual availability of Loligo tokens begins with the first public deployment of Blockchain. Recovery of final tokens is automated. In practice, the rules of consensus will be changed occasionally to insert the necessary transactions to synchronize balances from a snapshot.

Token Distribution


The sale is executed using a public smart contract, the sources will be available online. Since the token sale is automated, the tokens purchased are immediately transferred to the buyer’s address. The duration of the transaction depends on the network load and the amount of gas available. The purchase fees are the responsibility of the investor.


If the Softcap is not reached, all purchases will be refunded. Refund starts 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.
  • Total ICO supply: 16M
  • Technology: ERC-20 then Loligo Blockchain (see roadmap)
  • Available for purchase: 11.2M
  • Accepted currency: FIAT/ETH during private sale. FIAT, ETH, BTC, LTC in public sale
  • SoftCap / HardCap: 0.95M$ / 12M$
  • Initial rate: 1 LLG=0.003 ETH (±1.07$)

To find more relevant details from the LOLIGO project, please follow a number of sources for the following references:

Bitcointalk username: Aray80