|Description||The iOlite is a blockchain based decentralized network that is striving its best to make humans interact with system languages more conveniently.|
|White Paper URL||https://iolite.io/docs/iolite_witepaper_rev3.pdf|
|ICO Launch||2018/03/27 05:00|
|ICO Closing||2018/04/14 05:00|
|Token Platform||ETH (ERC20)|
|Coins Offered||55% of the total token supply|
What Is iOlite?
The iOlite is a decentralized blockchain based community driven platform that intends to develop a mechanism through which machine interfacing can be made easier for humans using a set neutralized languages. The platform is powered by blockchain technology which continuously strives hard to learn how to make communication with machines more effective using either programming or natural language. It helps users to write smart contracts even having no previous knowledge of programming language. The platform has three main beneficiaries including mainstream programmers, academics, and mainstream enterprises. The platform also enables its users to write programs without incurring any cost.
The iOlite is a blockchain based decentralized network that is striving its best to make humans interact with system languages more conveniently. Using iOlite blockchain technology communicating with machine language has become easier than ever before. People can use the platform to write and interpret smart contracts without learning programming languages such as C and C++. The iOlite platform keeps learning the ways to understand machine languages and make the process simpler for humans to interact with them. People can write a program including smart contracts with iOlite program for free. In short, the platform is a community-driven network that doesn’t help only programmers to write programs using naturalized languages but also beneficial for people relating to academics market and corporate sector.
How Does iOlite Work?
The platform is powered by blockchain and smart contracts technology. People who wish to use the platform need to download the app available on Google Play Store and App Store for android and iOS-based mobile devices and tablets. The platform uses artificial intelligence followed by machine training blockchain technology to receive input in either C, C++, Python or other universal spoken languages such as English, French etc. This input is then converted into other desired programming language including smart contracts based on ethereum.
Earn iOlite Tokens
The ICO pre-sale is currently in progress, investors who wish to earn iOlite tokens can participate in the pre-sale phase of the ICO to earn iOlite tokens till March 27th, 2018. People contributing in the pre-sale phase of the ICO can also earn iOlite tokens together with an offered bonus of up to 25%.
Buy iOlite Tokens with E-Wallets
The platform is powered by ethereum and is based on ERC20 tokens. People who wish to buy iOlite tokens need to send ethereum to the platform so they can receive iOlite tokens in return. To buy iOlite tokens e-wallet is a must since cryptocurrencies are stored in e-wallets. Therefore, investors who plan to contribute to the pre-sale or crowd sale of the ICO to buy iOlite tokens need to have an e-wallet first.
The ICO Distribution
The ICO plans to launch its token sale on March 27th, 2018. The ICO will last for about three weeks. It will end on April 14th, 2018. There will be a total token supply of 1,000,000,000 out of which 650,000,000 tokens will be sold during the ICO. The ICO plans to raise a minimum of $1,000,000. This will also be the soft capping of the ICO. The hard capping of the ICO is defined as $12,500,000. The starting price of the ICO is, however, unknown yet.
The ICO plans to distribute its tokens under following proportion;
- 30% of the total tokens are planned to be offered to the public during the pre-sale phase of the ICO
- 25% of the total tokens are planned to be offered to people during the crowd sale of the ICO
- 25% of the total tokens are planned to be kept as a platform’s reserve by the ICO
The ICO plans to allocate its funds generated through the ICO between different departments under following proportion;
- 45% funds are planned to be used for marketing purposes by the ICO
- 31% funds are planned to be spent on Research and Development of the Platform
- 5% funds are planned to be allocated to B&A of the business
- 5% funds are planned to be kept as a reserve by the ICO
- 14% funds are planned to be spent on Operational Expenses
Like all other well reputed ICOs, iOlite also plans to offer bonuses to its early contributors in the following proportion;
- 25% bonus is available for the people buying the ICO tokens in the pre-sale phase of the ICO that will last for about a week
- 15% bonus will be offered to buyers buying the ICO tokens in the first week of the launch of the ICO
- 10% bonus will be offered to contributors purchasing iOlite tokens in the second week after the ICO is launched.
The ICO has following team members;
- Alfred Shaffir is the Co-Founder and CEO of the Company
- Dmitry Kuzminov is also the Co-Founder and CTO of the Company
- Vladyslav Makarian is the Core Developer and Researcher at iOlite
- Shlomit Avni is responsible for Business Development of the ICO
- Filipe Figueiredo is the Community Manager at iOlite
- Michiel Mulders is the Content Strategist at iOlite
- Hosam Mazawi is the Head of Marketing and Crypto-Business at iOlite
- Richard Sanders is the Manager Marketing Operations at iOlite
- Kseniia Ryuma is the Content Strategist at iOlite
- Stas Oskin is an advisor to the Company
- Frank Frausto is another advisor to the Company
- Bob Seeman is also another advisor to the Company
Invest In iOlite
After a careful review of the ICO, we hereby conclude that iOlite is planning to make people’s life easy. It will serve as a gateway for humans to interact with machines more conveniently. The concept of enabling a common man to create smart contracts without knowing programming language is undoubtedly a great initiative. We believe the ICO will be a great success. We, therefore, suggest people should come join the ICO and invest in iOlite with full confidence.Visit Broker