iOlite ICO

Summary

We believe that iOlite can help a myriad of coders who need extra assistance in making smart contacts. Coding can be a complicated language for newcomers, and iOlite’s goal is to make it accessible to everyone. If the company follows their roadmap, chances are we’ll have a new way for coding developers to create high-quality smart contracts.

Positives
Coding Versatility: With iOlite, you can use Java, C+, Python, Ruby, and other coding languages to create smart contracts on Solidity.
Ease of Use: iOlite promises to make its platform simple for coders of different backgrounds to use.
Token Utility: With iOlite’s tokens, users can quickly convert their native code into a smart contract.

Negatives
Integration Complications: How accurate is iOlite’s FAE system? Will it have issues with translating user’s code?

When you try and start getting your head around writing and compiling smart contracts for the very first time to see just how difficult it can be for someone who have never done such a thing before.

However, writing and compiling smart contracts is something that should be quick and easy to do, and as such that is what this ICO and the project behind it is all about, and it is going to be a platform that anyone can use.

I have to say that out of the many different ICO I have come across recently this is one of them that does stand out as having great potential, and if they do manage to achieve all that they plan, I can see a large number of people across the world wanting to make use of their service.

Main positives:
Businesses will be able to use Python, C++ and other known programming languages in order to build Ethereum based smart-contracts. This tool will come in handy for many developers that are interested in smart-contract but don’t have the time nor motivation to learn a brand new programming language from scratch.
iOlite can be used with natural language to create mainstream application such as bots, and manage IoT interfaces besides the smart-contracts creation.
iOlite coins are used as a means for value-transfer inside the iOlite network. As an author of a smart contract you don’t need iOlite coins, however if you would like to use a smart contract that was created by another author in the network, you will have to pay that author fees. Personally, I believe this is the perfect way to utilise the platform’s native tokens. For an individual who is not Blockchain savvy, this token usage design can truly benefit to iOlite’s adoption.

Main negatives:
The proof of concept is yet to be finalised. The core team claims it will be done by the end of Q1, 2018 at the latest.
The documentation could be better. However, according to the core team they are working on a full website / documentation improvement which should actualise within the next weeks.