Crypto Coin: LOLIGO Ico review

What is LOLIGO

LOLIGO is the safest and most advanced ICO crowdfunding platform.

LOLIGO Offers token creation through LCC smart contracts. It ensures a fair fund distribution based on milestones and participants' vote.

LOLIGO platform offers all the required tools for a successful & professional ICO.

Market Research

Centralized ICOs

Recently, ICO launch platforms such as Indiegogo have emerged. A centralized ICO is a fundraiser launched by a company without necessarily going through a blockchain.

The sale usually happens on the company website using conventional means: BTC (Bitcoin), ETH (Ethereum) or credit card.

Although these platforms are effective and safe, they unfortunately require participants to use a trusted third party. This can lead to several risks: hacking, manipulation, excessive margins and abuses of power.

These third parties, formed mainly by traditional institutions like banks and financial

players that dominate the market, systematically reject any distributed blockchain-based fundraising solutions. This rejection is motivated only by the risks surrounding these fundraisers and scams associated with them.

Several governments have also understood the indisputable issues that arise with ICO fundraisers.

France wants to be the first financial center to develop a regulatory framework surrounding ICOs. Bruno Le Maire, French Minister of the Economy, said, "It is necessary to professionalize ICOs and evaluation of them, to promote their adoption

by the general public in a secure and sustainable way." (15-05-2018)

Distributed (Peer-to-Peer) ICOs

To date, there are several Blockchain projects offering the decentralized launch of ICOs.

The best known is obviously Ethereum and its twin, Classic, but other promising

platforms are in the final stages of development and soon will emerge such as EOS,

Cardano and Neo.

Launched in 2015, Ethereum quickly became the reference for automated ICO

launching.

This is done using a smart contract published on the blockchain. ICO token

transactions are performed on the main chain by way of fees paid in Ethers.

The costs in question depends mainly on the blockchain's load. Far from being its priority, Ethereum has several drawbacks for ICOs despite its undisputed technical superiority.

Smart Contracts: Total Anarchy

Today, contracts published on the Ethereum blockchain are free to use and do not meet any standard.

Their quality and durability depend solely on the responsibility of the author.

It is now necessary to organize access to blockchain and improve the security of

smart contracts. In practice, access to blockchain must be standardized. Names must be managed by a centralized third party or agency. As for smart contracts, they must first at least be reviewed, tested and validated to identify potentially fraudulent or diverted use.

Network Overload

Ethereum has become a general platform saturated with various technologies. Indeed, seen at its base as a means of transferring value, today more and more distributed applications are based on this blockchain to create and exchange their tokens.

Add to that the large number of ICOs launched that constantly occupy an imposing portion of bandwidth.

This systematically explodes the network load and thus generated costs.

The following figure shows the evolution of Ethereum network traffic and the

disproportionate rise in costs.

Public Sale

Scenarios

Like any fundraising campaign, ICO Loligo can lead to several scenarios.

If the SoftCap is not reached, all participants will be fully reimbursed and the costs of the operation are the responsibility of the participants.

This process will be fully automated through the smart contract managing the ICO.

If the amount collected is greater than the SoftCap, the sum is kept and the project

starts. Three levels have been defined:

- In case the amount collected is less than the average level, collection will be

before all else solid proof of the reliability of our business model. However, our

business policy will focus on a limited market. Our confirmed position in the

market will allow us to attract a maximum of ICO launchers. Once our

involvement is present, a second round of funding in the form of a share sale is

foreseeable.

- Reaching the intermediate level means the availability of funds for comfortable

execution of most key features of our solution. In this case, some secondary

features and improvements can be removed from the roadmap.

- Finally, if the HardCap is reached, all features will be undertaken, including

support for ERC-20 tokens in the exchanges and merged mining. The use of

fundraising through the sale of shares is no longer foreseeable.

Price Prediction

It's still not easy to predict the price of a cryptocurrency. That said, all good followers of the mineable crypto market can see some logic in the evolution of these price ranges.

Resistance Price

Prices of mineable tokens such as Loligo generally have a low price below which they

descend occasionally without stabilizing. For example, ZClassic underwent a dramatic change in price due to a Bitcoin Private hard fork. Although the team had announced the abandonment of the project at first, the price of this secured currency resisted at around €15/20 and even saw its value double in a span of a few days.

Growth Potential

Thanks to its design, a useful cryptocurrency retains strong potential for increasing in

the event of a favorable market. Indeed, Bitcoin has always been an equivalent to gold in this volatile market. Once the investments were down, the price of Bitcoin increases when faced with useful projects, but when the market returns to normal, these tokens can soar and easily double or triple in value in a few days.

Loligo uses the same logic, as do other tokens of the same family (ETC, ETH) or better.

Prediction of prices

Let's start with a low estimate and take as a hypothesis an average of 20 simultaneous

ICO projects launched on Loligo with an average supply of 100 million and a public sale of 50 million per project. It is in this example at 6 months after the launch of the public phase of the blockchain.

The liquidity of the currency is calculated by the number of LLGs mined on that date:

Nl=(6*30)*((24*60*60)/15)*10=10M LLG.

The total number of LLGs is 10M+Presale=25M. With an average of $0.50 per token and per ICO, capitalization of launched ICOs is estimated at 50M*20*0.5=$500M.

Just like Ethereum, the number of people interested in selling and trading is limited.

O(N) is the number of potential tokens for sale. In our example, O(N)=rand (0,1)*N with a median value of 12M.

Otherwise, this is a minimum value of 500M/(O(25M))=$40 after only six months of

activity.

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 our 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$)