LooksCoin LOOKS ICO: LookRev’s Creative Product Blockchain?
As the blockchain wave continues to foster and spread across the globe, more and more people are coming up with innovative services within this domain to help people gain command of their virtual, digital and physical creations.
LookRev LooksCoin is one such platform that has been designed to provide users with a ‘trustworthy holistic view of the origin and classification of creative products’. Not only that, this platform also helps original content creators get their fair share or revenue by assigning them with clear and detailed personal attributions.
More About LooksCoin LOOKS
When viewed from a functional standpoint we can see that LooksCoin allows us to create “immutable and time-stamped digital signatures” on all of our creative work pieces. To be more specific, we can see that this platform helps register our creative assets to the LookRev network— which will allow us to gain complete authorship over our work.
The network is ‘decentralized’ and is based upon the Ethereum blockchain, thereby allowing all of our data to remain safe, verifiable and unchangeable.
Some of the key aspects of this service include:
As mentioned earlier, Lookrev is completely decentralized and is governed via the use of smart contracts. This basically allows for all internal applications to run seamlessly without any issues related to downtime, fraud or external intrusion/ interference.
All of the data stored within the network can be shared with other users via the use deployment of a powerful global infrastructure that is designed to record ownership details for all contained digital assets.
(iii) Market Established:
Unlike various other crypto products that claim to do big things but fall short when it comes time to deliver, LookRev is a fully developed ‘visual design platform’. It provides users with a virtual shopping network that has been built using some of the latest security protocols. Additionally, it should also be mentioned that LookRev has already released more than 10 apps into the market.
As is clear by now, this platform makes use of a visual interaction model that establishes a streamlined communication channel between product creators, designers and consumers.
(v) Customization Potential:
According to the official company whitepaper, LookRev can be customized to create apps that are based on specific customer feedback and market requirements.
Why Choose LooksCoin LOOKS?
To start off with, LookRev makes use of ‘cryptographic service enablers’ that give app devs and contributors with a set of tools that can automate the process of ascribing “authorship“ to individuals in a highly simplified manner.
To elaborate more on this point, we can see that the platform comes loaded with a set of pre-existing smart contract templates that enable content creators to establish their own terms as well as automate other key processes such as:
- Content registration
- Payment Distribution
In addition to all this, LookRev also features:
(i) Automated Payment Distribution Service:
Though the use of the blockchain, every data set contained within the network is verifiable and encrypted. When a payment is received for a particular item, the money is immediately sent across to the creator in real time (as per the rules established by the smart contract).
(ii) Native Token:
The platform make use of a currency called LooksCoin that is used to facilitate all internal transactions. The coin is ERC 20 compliant and can be used with nearly every wallet, contract or exchange that uses these tokens.
LooksCoin LOOKS ICO Token Sale Details
As per the whitepaper, there will be a total token supply of 100,000,000 LooksCoin available to the public. From a pricing perspective, we can see that the current rate of this token is set at 1ETH = 2,400 LooksCoin.
The ICO is already underway and will finish on the 31st of March, 2018.
Purchases can currently only be made via ETH. All tokens will be sent out as soon as the sale period concludes.
Token Allocation Scheme
- 50% of all Look Coins will be sold during the ICO
- 30% will be set aside for the core team and developers of this platform.
- 10% will be used to procure “community grants” for LookRev
- The remaining 10% will be used to set up a bounty campaign.
Distribution of Raised Funds
- 40% will be used for further platform development
- 20% of the money will be used for marketing and advertising reasons.
- 20% will be used for the creation of an ETH reserve
- The rest of the money will cover for legal expenses and employee salaries.
For any other queries, doubts or questions pertaining to LookRev, users can make use of the following channels:
- Telegram: https://t.me/lookscoin
- Twitter @lookrev
- Email: contact [at] lookscoin.com