Loomia - Due diligence

[mhingston]

Loomia (TILE)

Team

• Janett Liriano (CEO) - Mar 2016 - Present | Linkedin profile
• Ezgi Ucar (Director of Product Development) - Mar 2016 - Present | Linkedin profile
• Marco Paúl (VP of Operations & Supply Chain) - Avr 2017 - Present | Linkedin profile
• Solomon Lederer (Blockchain Director) - Aug 2017 - Present | Linkedin profile
• Madison Maxey (Founder & Technical Lead) - Aug 2013 - Present | Linkedin profile
• Paul Raffin (Brand Advisor) | Linkedin profile
• Angelo Saraceno (Blockchain Advisor) | Linkedin profile Student, Blockchain experience?
• Kedar Iyer (Blockchain Engineer) | Linkedin profile
• Nicholas Napp (Technical Advisor) | Linkedin profile
• Kenya Wiley (Legislative Advisor) | Linkedin profile
• Chris Hare (Advisor)
• Sabri Sansoy (Advisor)

Company

LOOMIA TECHNOLOGIES, INC

File Number: 5471686
Incorporation Date / Formation Date: 27 Jan 2014
Entity Kind: Corporation
Entity Type: General
Residency: Domestic
State: DELAWARE

Smart contract

• N/A

Github

• LOOMIA

Product

• Product

Product not connect to blockchain, the tile platform.

Vesting

• Team and Advisors get access to half of their tokens once the ICO start. The other half vests over 12 month.
• Vesting won't be coded in the smart contract. Legal contract instead.

Additional info

Public sale cancelled and replaced with Airdrop

Token distribution

50% in connection with initial token sale
15% to presale, including purchasers of SAFTs
15% to development team
10% to brand partners
5% to advisors
5%, after a one-year lock-up, to third parties, as determined by LOOMIA, to grow and expand the utilization of TILE Tokens

Token allocation

Allocation of Funds:

Uses (4 year summary)
Personnel/OPS: 4,660,000
Marketing, Advertising, Promotional: 2,000,000
TILE Development: 2,180,000
LEL Development: 2,420,000
Software Development: 2,320,000
Contractors: 2,580,000
Legal: 1,700,000
Testing/Certifications: 2,000,000
Raw Materials/MFG: 3,800,000
TOTAL: 23,660,000

Q&A

Flags

Real Team: ✅
GitHub: ✅
Smart Contract: (N/A yet)
Working Product: ❌ Product not connected to blockchain, the tile platform.
+2 yr Vesting for team: ❌ - 12 month Vesting schedule for Team and Advisors which won't be coded in the smart contract. Half of Tokens available the date of the TGE.
Have a company: ✅
Transparent: -

IcoCheck

• Added to icocheck.io
• Discuss this project and others on ICO Check Telegram Group chat https://t.me/checkico

[Aza1]

Love your work guys!