LOLIGO - World First ICO Safety Ecosystem

Website: https://loligo.co

Loligo is are volutionary platform that ensures the smooth operation of ICO sthrough 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.

Features

Several 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. 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.

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. 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.

Overview

The figure below describes the components of the Loligo platform:

The use of Loligo does not necessarily require access to the online platform, indeed the basic package provides access to all the features of the blockchain. This basic formula includes the full node wallet, a mobile access application, and access to the Smart Explorer. To exploit the power of the Loligo solution, an online account is essential.

Depending on the subscribed offer, several tools are available:

Smart Wallet
Main wallet is available online. This is the entry point dedicated to investors. It allows the purchase and storage of Loligo tokens, participation in different ICOs, portfolio monitoring, and especially voting for or against current projects.

ICO Market
ICOs launched with the Loligo platform are immediately listed in the marketplace. This component lists ICOs as well as associated labels, and classifies them by category, official or public rank. The official rank is updated in real time by retrieving the data from the Benchmark component. Purchases on marketplace are made using smart wallet balances or directly in fiat.

Smart Explorer
Loligo introduced a new generation of blockchain explorers dedicated to ICOs. Conventional explorers like Etherscan provide information related to the transactions and contract in raw form, certainly effective and useful for a transaction tracker. Unfortunately, these tools cannot provide statistics and useful information for investors.

Loligo Smart Explorer provides an efficient, simple and graphical way for investors to follow the evolution of ICOs and projects in detail while keeping a larger, general view of their context and states.

LCC Factory
This internal component, interfaces mainly with the Dashboard. It allows the ICO launcher to edit, check, test and publish its LCC contract on the blockchain.

Benchmark
Although it's the top priority, the security of invested funds is far from the only concern of investors. Quality and good project performance indicators are essential. For this, Loligo provides an ICO evaluation platform composed of both the results of automated analysis and advice from experts. The analyses include code analysis, unit testing, testing in a simulated environment and load testing. Unlike evaluation services already abundant on the market, platform continues to analyze the performance and robustness of the ICO and continually updates the score in real time.

Dashboard
Today, launching an ICO requires the establishment of a monitoring site and rather sophisticated token management. While such a website requires mobilization of substantial resources, the features that are present are fairly recurrent. Loligo offers an online service that pools the classic features of the dashboard and innovates them by enriching them with new use cases.

Indeed, the ICO launcher has the choice between uploading his contract or creating it with intuitive graphic LCC Factory wizard. The contract must then pass the verification phase and the publication on the testnet. The publication and launch of the campaign is one click away and accessible to everyone.

Once the ICO is finished, the contract and balances may be migrated to Ethereum to take advantage of the wealth of its applications.

Included in paid packages, this service is also offered separately.

Ethereum Relay

The relay is a component allowing the interaction between the two blockchains, Loligo and Ethereum. In other words, it allows a Loligo account to receive payments from Ethereum and vice-versa. In practice, this is achieved through a smart contract that checks the header of each block before it is added to the blockchain.    

                    

This solution is very interesting and important for Loligo. It permits a very open architecture and provides the ability to perform several innovative deployments. For example, users can:

• Participate in the Loligo ICO with an Ethereum account. This allows for direct access to an already recognized currency pair that is immediately available and purchasable via fiat (government-backed currency).
• Interacting with services already deployed on Ethereum Loligo from a contract.
• Transfer service having already launched its ICO on Loligo for final deployment Ethereum
• Migrate existing Ethereum accounts to Loligo
• Migrate Ethereum ICO to the final Loligo chain without snapshot effort

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. 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: These are the two most recognized cryptocurrencies 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 buy able with fiat.
• ZCL (Zclassic): For reasons of preservation of anonymity, it was decided to propose a currency offering transaction encryption. Choice was focused on Zclassic due to available liquidity, the large exchange support and above all, the absence of hidden costs.

Specifications

LCCs (Loligo Cyclic Contracts)

Loligo introduces an innovative type of contract for the phased release of funds: LCC. In practice, the funds are periodically released under control of a passive participant’s vote.

An emergency stop is also available when the unexpected arises. If stopped, the remaining funds are fully recoverable.

Project

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.

Snapshot and Premining

Knowing that an average ICO sells 60 million tokens with a value approaching $1.00, it’s essential to ensure the availability of a minimum of liquidity in the trading market to ensure the smooth operation of collection campaigns. This represents the number of tokens distributed during the presale.

An Ethereum snapshot will be announced just after the end of the presale. This way, anyone wishing to acquire LLGs should hold the equivalent of ERC-20 tokens at the time of the snapshot. Amounts inERC-20 tokens will be premined on the official blockchain.

Unlike many altcoins, the use of premining is regulated and justified. This is to guarantee shares to the ICO participants. No additional tokens will be mined. The mining starts at the first block and for reasons of governance and performance, the Loligo blockchain doesn't report any balances from existing cryptocurrencies. In particular, no Ethereum account will be postponed. There is absolutely no question of a hard fork.

The Consortium Phase

This is a partially private deployment. It is a hybrid between the private blockchain of the POC(proof of concept) and the final, public blockchain. Transaction validation entities are trusted nodes designated by us. The transactions continue to be public and accessible to anyone.

This deployment allows us to:

• List the token on recognized exchanges
• Distribute the final tokens to participants
• Launch ICOs of first industrial partners
• Prove the operation and robustness of solution to the public
• Start up commercial services based on the Loligo blockchain.

The Public Phase

The public launch signifies the start of the community and public-at-large phase for Loligo. The validation of transactions is no longer restricted to just trusted nodes.

Token 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 social channels.

Crowdsale

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.

Refund

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$)

PRIVATE SALE: https://loligo.co

Roadmap 

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

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The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487