Loci ecosystem is a platform intended for intellectual property discovery and mining. Loci platform was developed with the objective to bring changes to the way the world innovates and values ideas because so many great ideas always get wasted as a result of the prohibitive costs, time, and lack of transparency in the process of getting an idea protected with a patent. Loci are a blockchain platform that aims to help inventors find invention opportunities. Loci ecosystem incorporates blockchain technology into invention processes. The Blockchain technology added strength and vigor to the technology underlying the Loci platform and has the potential to revolutionize IP on a global scale. The smart contract mechanisms, security models for distributed information, and the immutability of stored data inherent in blockchain are what distinguish the Loci platform. This idea will enable inventors to find and protect their ideas. It will also lead to the development of commercialization vehicles, assisting investors develop and license their ideas and it will improve the deal flow network to speed investments.https://locipro.com/. Loci’s user platform is called InnVenn. InnVenn is a multisided platform that gives inventors a significantly faster and more cost-effective alternative to capitalize on their inventions compared to the current patent process. A patent is explained as a government franchise or license conferring a right or title to an invention for a set period. It is an effect of a monopoly which grants an inventor the sole right to exclude others from making, using, or selling his or her invention. InnVenn functions like a data aggregation source to search queries, allowing users to recognize the location of novel inventions and ideas. InnVenn allows Loci platform users the ability to place a bid on any intellectual property found within InnVenn with LOCIcoin tokens.
InnVenn goes beyond search to help inventors stake their claims by acting as a blockchain integrated public disclosure platform. The integration of blockchain technology into InnVenn establishes an immutable data point containing a time stamp of an invention’s public disclosure. The token recognized in this platform is called Locicoin. LOCIcoin is Loci’s native token. These tokens can be used to gain full access to Loci’s products and services. LOCIcoin is an integral asset to the InnVenn platform. It is the only medium for exchange for the buying and selling of IP on the platform. The Loci token sale will start on the 6th of December, 2017 at 0:00UTC and will last until 31st December, 2017. The Token Sale will be grouped into four (4) phases. The phase one will be from the 6th to 8th of December, 2017. The second phase will be from the 8th to 15th of December, 2017. The third phase will be from the 15th to 22nd of December, 2017 and the final phase will be from 22nd to 31st of December, 2017. The equivalent price of LOCIcoin varies per each phase of the token sale. The net prices are $0.33, $0.44, $0.57, and $0.75 respectively for the four phases. The 3 day moving average of ETH before the token sale will be used to calculate the ETH LOCIcoin ratio. Only those who pre-register on the whitelist before the token sale begins can participate in the first phase and is at 40% discount to the base rate of $2.50. The second phase sale will be at a 30% discount to the base rate of $2.50, the third phase sale will be at a 20% discount to the base rate, and the fourth phase at a 10% discount to the base rate of $2.50. The minimum contribution amount for the first phase of the ICO sale is 1 ETH, but for the other phases, the minimum contribution will be 0.1 ETH. So, you can sign up for the Token Sale by registering on Loci website. In the registration you will need to indicate which Ethereum based wallet you will be contributing Ether from. As long as it is an ERC20 compatible wallet like MetaMask or MyEtherWallet, your contribution wallet address is where you will receive your LOCIcoin upon distribution after the token sale. Some of the upcoming programs of the Loci ecosystem are the strategic partnership with IP organizations and innvenn communities in the first quarters of 2018 and innventor V2.O release with 3D and clustered visualization in the second quarters of 2018.
FOR MORE INFORMATION
https://locipro.com
https://t.me/Loci_InnVenn
https://locipro.com/wp-content/uploads/2017/11/loci-full-whitepaper.pdf
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