Loki

Allowing users to transact in private!

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Loki

A recent upcoming ICO is Loki which is a very interesting project. Its hard cap is set at nine million, however, one can not verify that due to the recent ICO drops. This information is not present on their website or their telegram channel. For this one needs to go out there and conduct research. However, if it is set at nine million that hard cap is actually pretty good. Keeping all that in mind their token supply is actually going to be set at a hundred and fifty million tokens and fifteen percent of those are going to be sold during the crowd sell. It is a minor bull token and there are going to be zero bonuses.

Essentially, their idea is based on wanting to create a peer to peer marketplace with decentralised communication that allowed users to transact in private. If we begin by looking at the positives we can see that Loki actually has a very strong technological foundation and proven code basis that is built on top of Manero. Their main net uses the Manero cryptocurrency and will actually be released next month. Loki uses a hybrid proof of work, proof of service protocol and thus 50 percent of its blog rewards are actually going to miners with 40 percent going to node operators (nodes are just something that store transactions on the Loki blockchain ledger) and 5 percent of blog rewards go to the Loki team. That is actually quite a good system when compared to other blockchains. When one looks at something like Bitcoin one assumes that Bitcoin is actually decentralised. It is centralised and that becomes clear when one remembers that it has miners mostly located in China which means that they coordinate their efforts and through that it actually undermines the whole Bitcoin network. Loki is trying to take that into consideration when it refuses to give all block rewards to miners.

When it comes to the negatives, one thing that stands out is the fact that their presell is only going to be open to institutional investors and one needs a $100,000 or more to invest in it. Whoever does not have that kind of money then does not invest in it and so on. On the other hand, humans want what they do not have and Loki recognises this and tries to tap into unmet demand. Secondly, they are pretty unclear regarding how their use cases are going to build upon Loki’s protocol in addition to its messaging app. There is also a non sufficient amount of information available regarding their core team which may put some investors off in terms of trust.

It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.

Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.