LOCI

With the amount of ICOs to choose from, there are better choices than Loci for investors. There are too many risks to consider this as a potential investment.

Risks
Cash Grab: From my reading of this project, it appears as though Loci is having a token sale as a way to obtain funding, not because a token is a needed part of their project. This likely means that they have had difficulty in obtaining conventional venture capital funding, and saw an ICO as an easy way to raise money. If the venture capitalists have stayed away – maybe small investors should as well.

Lack of Traction: This kind of project only works when everyone is using the platform. If only a few investors sign up to use Loci – the project will fail. In that sense, it is very high risk, as the current system is entrenched and people will be loath to give it up (despite its many flaws).

Loci is a blockchain platform that aims to help inventors find invention opportunities. The company’s existing platform, InnVenn, is a web application consisting of a Venn diagram generator. That platform generates Venn diagrams highlighting the crowded and un-crowded spaces in the world of patents. Inventors can find “whitespace” where they can develop new patents.