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Loomia - Due diligence #29

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mhingston opened this Issue Jan 4, 2018 · 1 comment

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@mhingston

mhingston commented Jan 4, 2018

Loomia (TILE)

Team

Company

LOOMIA TECHNOLOGIES, INC

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

loomia-delaware

Smart contract

  • N/A

Github

Product

Product not connect to blockchain, the tile platform.

loomia-roadmap

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.

loomia-legal

loomia-vesting

Additional info

Public sale cancelled and replaced with Airdrop

tile-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

loomia-qa-1
loomia-qa-2

loomia-qa-product

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

@Aza1

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Aza1 commented Jan 5, 2018

Love your work guys!

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