Hi Ajutokintumi

LOLIGO is not a DAICO project or a simple smartcontract, LOLIGO is an independant Blockchain dedicated for ICOs

Currently All DAICO-like projects have two approach:
- using the existing Ethereum DAICO, which is involving DAO
- using a custom smartcontract, which is mean developing a smart contract for each ICO

In both cases:
- Investor cannot be sure about the safety of the process for all ICOs, Experts review have to validate all ICOs one by one
- The code is not decentralized:
by using blockchain, smart contract transactions are managed by the base token which means the transaction is safe.
However funds distribution process is managed by smartcode which remains unique and centralized

LOLIGO code & process is executed directly by miners and ensures the best decentralized funds distributions

implementing the code in blockchain, allows also to simplify the token creation/sale code:
only few lines are needed to create and start an ICO.


More details are available in WP

thank you

Thank you for the detailed asnwer.

So i see that you mentioned miners,that means Loligo will be proof-of-work based?