I wanted to take a moment to give you some updates on our project as well as the token sale (ICO).
The development team is currently testing the alpha release for integration and staking disclosures from InnVenn on the Ethereum blockchain. The vetting process of deciding which blockchain technology to build upon took a substantial amount of time. Loci’s technical team decided that Ethereum, and its wide adoption in the market is optimal for Loci’s ecosystem. The Ethereum network is undergoing upgrades that are key to their roadmap, but we also have ensure that our integration takes advantage of their upgrades so that the platform can fully support our ecosystem.
Unfortunately for our original timeline, this effort will not be finished before the originally planned token sale launch of October 1st, the Loci team has decided to delay the token launch until later this year. The Loci team has also been in talks with several cryptocurrency exchanges about the addition of LOCIcoin to their platforms, working hard to get letters of commitments before the token sale.
We are committed to ensuring that our product is fully functional and production ready prior to the token sale launch and that remains our top priority. Since Loci will be the first token sale with an already established product, the quality of that product and the integration with the blockchain are very important to us.
We continue to grow our community and work to make the easier and more accessible for the innovators of the world. Please don't hesitate to ask the team any questions you might have about the token sale here on Slack and what this update means to you. e are working hard on development while adding on a stellar team of advisors to the team. Your excitement for our project and your support is greatly appreciated. Thank you!
TL;DR: Our ICO is going to be delayed until later this year because the blockchain integration isn't finished. Exact date will be announced once testing is definitive and release is scheduled. More details here:
http://www.prweb.com/releases/2017/09/prweb14751024.htm
