Loligo is interesting project to me personally that I will support and invest in as I strongly agree that we need more safe environments to invest in ICO's without doubts and uncertainties about what happens after the ICO and all the possible problem that we experience when sale excitement and initial rush start to wear off.
Loligo will especially be big help for new people,that are not aware of all the dangers of ICO world,and by doing that,people will actually stay inc rypto world,rather than leaving by being scammed.
Yes,something likle Like Loligo is definitely needed,crypto has bad reputation because all those scams ,so something has to be done!
Do you plan to verify team that wants to release ICO via your platform,i mean something like KYC,so we know those are real people?
Hi Facadoro
KYC is not enought
LOLIGO have 2 labeling levels:
IDSafe and
ICOSafe included in paid packages.
Thank you
Yes i agree,KYC can be faked,so its good that you have additional layers of security.Can you tell me more about IDSafe and ICOSafe?
Hi Facadoro
IDSafeTo deal with any inquiry about the founder of an ICO and his/her background, our experts carefully study the following:
The identity of the project leader and his/her correspondence to the announced project
The identity and financial data of the establishment
The skills of team members and their involvement
The study of the white paper, the usefulness of the project, sources in the case of free projects, and the correspondence to the requested amount.
Once assigned this label,
the ICO is guaranteed without technical faults or organization and the project is considered coherent and useful.ICOSafeObviously, the validation of the idea and organization are not enough to ensure a smooth and successful project. This is why the ICOSafe label was introduced.
At this level of certification, we:
Provide technical support and provide interventions independently of the target amount.
Write the ICO contract and thus ensure its robustness
Test the ICO in operation with a real load in our Testnets
Ensure smooth operation of the fund management
These lablels as part of differnet available packages, I invite you to look at "
chapter 6.3 Formulas"
Thank you
These measures should greatly reduce number of scam ICOs,i cant wait for Loligo to become an industry standard!