Project Description
Loki’s network is to be built on the Monero codebase. It has a proposition similar to Monero’s with additional features. They plan to launch a network that will facilitate completely anonymous transactions. In addition to this, Loki also plans to provide a platform for cryptographic applications to be operated on their network. These will be called Service Node Applications (or SNApps), and according to Loki, they will run on incentivized and fully-decentralized nodes. Once a SNApp is launched, it is supposed to be unstoppable, uncensorable, and totally immune from external attacks.
In order to ensure that SNApps are continuously functional, Loki plans to construct an incentivizing node system. However, unlike on DASH, where an expensive and fixed collateral (1000 DASH ~ $800,000 USD) is needed, the Loki platform intend to offer a dynamically adjusting node collateral. They believe this will allow the collateral amount on their platform reduce over time, ensuring that there will be no financial restriction as far as running a service node is concerned.
Loki’s token, also named LOK, should serve as the medium of exchange on the network. Loki’s plan is that the token will also be used to power SNApps, in a manner similar to how Ether powers the Ethereum network. More details can be found on Lokis’ Whitepaper
Ticker: LOKI
Token type: OWN WALLET ICO
Token Price: 1 LOKI = 0.68 USD
Fundraising Goal: 9,000,000 USD
Total Tokens: 150,000,000
Returns since ICO: 0.25xUSD 0.27xETH 0.26xBTC
Now 1LOKI=$0.17
