Loyakk

Loyakk

Created using Figma
Created using Figma
Loyakk's function is to change how businesses make and carry value in the new decentralized economy with their globally distributed network of partners, channels, distributors and vendors. Loyakk is construction the blockchain-enabled Vega Enterprise Relationship Platform to qualify enterprises to join, interact and change data and value with their various partners and customers in their business network.
ICO
Jun 15, 2018
Jul 31, 2018
100% completed
$9 200 000
100% goal completed
past
Token Details
Ticker
LOYAKK
Accepted Currencies
ETH, BTC
Company Details
Registered Country
United Kingdom
Additional Details
Whitelist
Yes ,
Categories
Platform

About Loyakk

Loyakk's mission is to transform how businesses create and deliver value in the new decentralized economy with their globally distributed network of partners, channels, distributors and vendors. Businesses today face multiple challenges related to data security and privacy, data reconciliation, contract disputes, inefficient processes and limited governance within their business networks leading to billions of dollars lost annually due to increased costs and lost revenues.

Features

1. Transaction Manager (TM). A TM’s role in Loyakk Vega platform will be to store and provide access to encrypted private transaction data. It will also be responsible to communicate with other TMs in the network if required based on participation of other nodes and the type of transaction.
2. Crypto Manager (CM). CM in Loyakk Vega platform will be responsible for private key management, communication with TM, and encryption and decryption of transaction data. A CM in Loyakk network may be used at the level in the tree or at any level below its own level.
3. Voting Chain (VC). VC in the Loyakk Vega platform will offer majority-vote based consensus mechanism to verify the transactions.
4. Validation Manager (VM). A VM in the Loyakk Vega platform will serve an arbitrator and record holder responsible for maintaining the public as well as private state of transactions in which it participates.

Technical Info

Technical details:  Ethereum ERC20 standard token. The source code:  The code is not available. Proof of developer:  Public team.

Loyakk Roadmap

  • November 2015

  • Customer Relationship Platform Release
  • January - October 2016

  • Onboarding of Blue chip clients (SAP, infosys, Abbott, Novartis, Mphasis)
  • October - December 2016

  • Customer demand for Enterprise Relationship capability with Blockchain-grade security and integrity
  • January - April 2017

  • Customer Requirements Gathering
  • Read More
  • May - July 2017

  • Enterprise Blockchain Solution Scoping and Design
  • August - September 2017

  • Patent-filling & ICO plans
  • February 2018

  • ICO Main Sale Starts
  • March - April 2018

  • Token Reconciliation & Issue Vega Platform Development continuous
  • July 2018

  • Vega Alpha Release
  • August 2018

  • Lighthouse Customer Engagement Join Go-to-Market with Charter Technology and Service Partner
  • October 2018

  • Industry Value Web Solution for Insurance Released
  • December 2018

  • Focus on Customer Success & Referenceability
  • January 2019

  • Industry Web Solution for Wealth Mgt Released
  • February 2019

  • API Release for third-party App developers Vega Blockchain Developer Network Program Launch
  • March 2019

  • Vega Platform Update - Version 2.0 Released
  • April 2019

  • Industry Value Web Solution for Hight-tech Released
  • June 2019

  • Vega Developer Ecosystem Marketing and Growth. Start showcasing Developers and their software/add-ons
  • October 2019

  • Industry Value Web Solution for Life Science Released
  • November 2019

  • Platform Updates - Version 3.0 Released

Activity

Activity:
80
LOW
Merit:
0
VERY LOW
Posts:
780
HIGH
Views:
22 071
VERY HIGH
Users:
277
HIGH
Followers:
18 191
VERY HIGH
Tweets:
577
VERY HIGH
30 Days Growth:
-1062

Team

Verified 25%

Attention. There is a risk that unverified members are not actually members of the team

Salim Ali
CEO
unverified
Jitu Telang
CTO
unverified
Tsvetan Georgiev
Blockchain Technical Architect and Development Lea...
unverified
Jimjees Abraham
Blockchain Solutions Architect
unverified
Jaijiv Prabhakaran
Chief Architect
unverified
Marzanne DeLoof
Customer Success
unverified
Rakesh Sreekumar
Chief Marketing Officer
verified
Sadiq Quasim
Director, Loyakk Ltd.
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Anthony Thomas
Advisor
unverified
Patricia Hatter
Advisor
unverified
Jonathan Becher
Advisor
unverified
Gerry Mcclement
Advisor
unverified

Loyakk Interviews

Rakesh Sreekumar
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I manage marketing at Loyakk. Loyakk is a truly 'Blue Chip' ICO that distinctly stands apart from other ICOs today. We are addressing a $100 billion+ global market, we have a patent-pending solution that adapts blockchain to business network use cases, we have top notable global brands as existing customers, A top-tier team, industry luminaries as advisers, Investment backing by Venture Capital and business leaders and we have Premier domain, tech and go-to-market partnerships in place. In essence, we have all the ingredients for a top-ranked ICO but also to be a thriving player and market leader in this chosen market space going forward.
Sadiq Quasim
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm CEO of Loyakk Ltd. the entity running the Loyakk ICO.

I'm primarily focused on delivering a successful fundraising event via the Loyakk Token sale.
4.04
positive
5.0 18
ICO Profile Vision Activity Potential Product Team

Loyakk Reviews

icocrunch.io
review

Loyakk is creating a platform (currently patent pending) that will bring business communication from simple emailing to a brand new level by using the blockchain technology. The project is driven by a strong experienced team and led by Salim Ali, a recognized personality in blockchain community. The team has established several partnerships and will potentially have SAP as a partner. Considering disadvantages we note quite high hard cap ($45 million) and weak token adoption scheme which is set to gain token value only with increasing number of transactions on the platform. They even don’t have a token burning stage. Anyway the project is recognized and included in different independent top ICO project lists.
A project that is aiming to make emailing a past day and bring inter-business communication to a completely new level.

Read More
ICO Pantera
A
Read More
icoexaminer.com
ICO review website

As the product niche is so specialised, Loyakk appear to have no direct competitor currently within the blockchain realm. That is not to say one won’t emerge for that another traditional EAS company won’t build their own version, but it appears that Loyakk have both field experience and first mover advantage to face down potential future challengers.

It would have been preferable for a platform prototype to be available for evaluation but, as Loyakk already have a ‘legacy’ EAS system operational within the business world, the existing business could be seen as the MVP itself.

The team’s presence within the EAS is proven, as is its credentials, and given its current client list the obstacles to future adoption appear to be minimal in comparison to the vast majority of ICOs in operation today. Technically, the team appear suited to the task and the advisors have been well chosen to add wider skill sets to compliment those the team already hold.

With the direction of the project being at least partly guided by initial customer feedback and ongoing consultation, the business need-case for the product is also clearly demonstrated.

The hard-cap is high but perhaps not excessively so for a project that essentially carries global ambitions. The final amount raised will determine how fast and how far the blockchain platform is rolled out rather than covering start-up costs associated with many ICOs.

Potential investors may have wished to see more of the tokens available in the ICO, perhaps with a lower % allocated for the team and advisors, but the lock-up period for those tokens will possibly offset those concerns.

Another point to consider is the un-mined pool of tokens used to on-board license holders. It is undoubtedly a useful product selling point and should help to drive adoption but even though these tokens are not available for resale, ICO contributors will need to evaluate if they believe this will increase or reduce secondary market demand for LYK.

The ICO bonus structure is well thought out and the promised delivery of the second version of the platform within the next 6 months will be an early indication for investors of the company’s true potential and growth possibilities.

Overall, then, this appears to be a stand-out ICO from a qualified team with established credentials, proposing a sound business model that makes for a good blockchain fit.

Read More
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