[ANN][PreSale]Illuminates - thread is updated

[Mirkic7]

     

Project status:

PreSale will start on the 1st of September. On the first stage token price will be as follow 1ETH = 3000 LUM (200% bonus included). Separately with LUM we will sold 6% of equity.
Learn more on our official website - Illuminate.org

List of threads:

Announce | Bounty | Services | Coming soon

Table of content:

^{(click to learn more)}

The main problems in working with remotely located counterparties, are:

	For Founders: Unprofessional subcontractors; Employee fake portfolios; Problems with partnerships; Problems with co-founders; Expansive project launch; No clear plan where to start and how to move forward; Hard to find and gather right team; Hard to serve the team; Hard to grow the company; Hard to find relevant angel and venture investors; Misscomunication with community		For Investors: Hard to make the right investment; Hard to check founders expertise; Hard to control project spendings; Lack of legal secureness; Lack of experts to filter different areas projects; Hard to find asset manager; Hard to check asset manager expertise and reputation; No mechanism to work with micro-investments;		For Services providers: Hard to find clients; Hard to prove expertise; Hard to assure secureness of deals; Hard to prove your reputation
			For Blockchain community: Hard to cooperate; Hard to share information; Hard to become trustable/reliable influencer; Fake news

Illuminates platform is a first centralized SaaS ecosystem based on new Relatefacts methodology which makes all blockchain advantages available for everyone.

Simple and easy to understand algorithms for interaction with blockchain technology in one-stop-shop mode for investments, startup and job search.

Illuminates platform includes:

	Social media: Standard features for every Social Media; Messenger; Streaming service; KYC and AML; Crypto wallet and payments; Banking services;		SaaS platform for tokenization of businesses and startups launch: Startup tokenization; Crowdfunding; Futures contracts; Trackers; Bounty program;		Freelance exchange for specialists recruitment, with payments as in tokens as in fiat as a success fee deals: Oracles / judges; Rating system based on experience; Hashed private workflow, chats and files; Hashed literary property; Hashed NDA;
	SaaS for launch and maintenance of tokenized funds: Trackers; Portfolio weight; Portfolio tokenization; Portfolio history; Portfolio management system;		Decentralized (OTC) and centralized exchanges: Centralized exchange; Decentralized exchange; Tools and services for automated exchange trading; Automatic market analysis; Withdrawal and replenishment of funds in fiat; Calendar of crypto-events; Monitoring and list of exchangers; ICO Tracker; Portfolio management system;		Marketplace for applications and software solutions and SaaS for online stores, events, native advertising sellers: News desc; Application stores and games; Software modules store; Online auction; Online stores builder; Calendar of crypto-events;

The core of Illuminates platform is Relatefacts. Relatefacts - it's a methodology for constructing data stored in the blockchain. It will allow creating data interconnections between any blockchains that support smart contracts.

Relatefacts allows you to store and validate the fact via hashing its digital representation in the system of smart contracts, which will make reputation in a history form, and will show expertise of all users and
system's objects - in a form indissociable by time or parties influence.

	Interconnection for private blockchains: Relatefacts methodology will provide special data standardization that would be accessible through Illuminates SDK. Illuminates SDK will provide the functionality to create any smart contract with standardized data for legal entities and transfer any database data story into the blockchain. Mentioned data could be freely transferred to any blockchain using standardization and SDK. Smart contracts developed with Illuminates SDK could be used for sharing information about entities, events, registrations, transactions, customers, ownership transferring, legal documents, etc., between legal entities. The information would be shared in a form of hashed ID without sharing personal information. Only selected information will be decrypted by data provider for the end-user.		OTC for Banks & Exchanges: Relatefacts methodology will help to save anonymity and increase transparency of OTC trading. Participants shouldn't share personal info, only hashed ID, that will show data with user activities related to OTC. Using Illuminates SDK, OTC provider could develop special smart contract that will check and show all mentioned data without sharing personal information. The other point is to make a transparent tool that will allow transferring fiat for buying crypto assets. Using Illuminates SDK, banks could create a solution that will allow supplying stable coins based on real assets, that banks had right now. In this way OTC provider could use Illuminates API and with mentioned solution from a bank, transfer buyer fiat to convert it into stable coins, so the deal could be done legally. As soon as the deal will be done - hash of the results will be bonded to participants hashed ID, what will form their trading history.
	API for Relatefacts data for SaaS platforms: Illuminates API will synchronize information globally and provide access to additional services based on smart contracts developed through Illuminates SDK or standard Illuminates contracts for any SaaS platform. Such services will be based on Relatefacts technology, which will allow using different blockchain solutions in every industry. For example: SaaS platform A, planning to add KYC on their platform, but they actually haven't any solution to manage it and have no clue how to check users. Using Illuminates API, platform A picking the preferable service provider and just sending a request with user standardized hashed ID to them. Service provider checking information in their database that's bonded to received hash, and sending reply about user KYC status. Bank want to add feature for tokenizing real assets, for it customers. There is the problem with choosing blockchain to work with, because customers want to work with different ones. Using Illuminates API banks could implement a solution that will use Relatefact data standardization and supply security or stable tokens on any preferable blockchain. For every use of this API, the bank will pay a low commission for the service provider.		Real assets tokenization: Every legal entity could tokenize their real assets and supply stable or security tokens using standardized Smart contracts developed via Illuminates SDK or use turnkey solutions via Illuminates API. Relatefacts based smart contracts will create the hash of every event that related to mentioned assets and flow of supplied tokens. If there is will be legal disputes about ownership of assets, tokken supplier could just decrypt needed fragment of hash, and show full history of mentioned assets.

Free/cheap setup of STO/ICO → (Startups, existing businesses) will generate new accounts → Jobs → (Freelance exchange) will generate new accounts → Service providers, stores → (Marketplace) will generate new accounts → Investment funds → (Money to invest) will generate new accounts → Startups incubators → (new Startups) → will generate new accounts → Process above will create community for: Social network, Centralized and decentralized exchange, POS mining.

CEO & Founder Volodymyr Malyshkin participated as blockchain expert and world-class adviser in numerous ICO accompanied Illuminates team which took care of blockchain solutions integration, crowdfunding process, project realization assuring launch and successful completion. As a seasoned entrepreneur and fintech expert, Volodymyr perfectly understands investor's expectations, startup's pain-points, and how to build profitable relationships between them. 7 clients successfully raised funds for their startups; 16 ICO/STO/IEO campaigns for clients; 23 core team members;

Core team Starting as IT company  at 2010 "Illuminates" grown into STO/ICO expert services company in 2017. Illuminates have experienced in-house team of blockchain developers, white paper writers, marketeers; PR, sales and fundraising managers who deliver the best solutions according to clients needs and provide turnkey solutions for more than dozen of clients. Illuminates team members was as a core team members on numerous ICO/STO startups. $274 thousand of net profit in fiat; $170 thousand profits in crypto;

Illuminat (LUM) is a custom token, that serves to operate Illuminates platform. LUM total supply is 100 000 000 (there is wouldn't be additional supply over time).
Iluminat tokens uses erc 20 standard and released on Ethereum blockchain.

Illuminat token usage The main LUM's usage in b2c is payments for Illuminates platform services. It's also could be used to pay platform fees, payments for products and services from the marketplace (if the product owner will accept LUM as a preferable currency) and completed tasks on the freelance marketplace. B2B partners and customers will use LUM's to pay for transaction fees.

Illuminat token POS Every platform fee will be divided as follows: part of tokens will be burned, another part will be considered as income for the company, and the last part would be sent to special smart contract. This smart contract will automatically distribute tokens as a reward for LUM holders proportionally to the amount they hold.

Illuminat token burn The part of LUM tokens, that used as a payment for platform fees, will be burned. This will help to stimulate tokens demand, and tokens price growth.

Tokens information: Token name - Illuminat token; Token symbol - LUM; Token standart - ERC 20; Token decimals - 18; Number of crowdsale rounds - 3; Initial token price - $0.20

     

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[Mirkic7]

Meet the team

(Click to learm more)

(Click to learm more)

More Q&A sessions with team members are coming

[Dina_Sy]

Hello, I tried to click on bounty, but seems like it doesn't work.

[aincuy123]

Hello, I tried to click on bounty, but seems like it doesn't work.

Yes because there's no link in it

[Mirkic7]

Hello, I tried to click on bounty, but seems like it doesn't work.

Hello the bounty currently in development. We pepared something amazing, stay tuned for more information.

[Dina_Sy]

Hello, I tried to click on bounty, but seems like it doesn't work.

Yes because there's no link in it

Oh, rly Kinda not adapt to this forum yet.

[Bounty_M]

What's the current stage of the project? Will it be tokensale?

[Mirkic7]

What's the current stage of the project? Will it be tokensale?

Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.

[Bounty_M]

What's the current stage of the project? Will it be tokensale?

Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.

So is that the rebranding that you mentioned before, in this thread - https://bitcointalk.org/index.php?topic=4804452.0 ?

[Mirkic7]

What's the current stage of the project? Will it be tokensale?

Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.

So is that the rebranding that you mentioned before, in this thread - https://bitcointalk.org/index.php?topic=4804452.0 ?

Exactly, the idea of this project was started from the end of 2017. We just thought - we need to make a  crypto startups market a better place and ,what's even more importantly, safer. From this point we started to work on main concept and now we are nearly done with MVP.

[PlasmaBit]

What's the current stage of the project? Will it be tokensale?

Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.

How soon you plan to release it after all and what functionality will be in the first release?

[StacyNov]

When do you plan to start bounty?

[pinoycash]

Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday

Do you filter out the clients you will accept or you will accept anyone for as long as they can pay?

[PlasmaBit]

Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday

Do you filter out the clients you will accept or you will accept anyone for as long as they can pay?

Didn't look at it from such point of view, but yeah sounds like it either will be scam free or only scammers would be there.

[Mirkic7]

What's the current stage of the project? Will it be tokensale?

Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.

How soon you plan to release it after all and what functionality will be in the first release?

We will plan to release MVP this month. The release will include functionality for tokenized investment funds, functionality for develop your own startup (startup landing generator, smart contract generator, one pager generator), functionality for gethering funds (personal investment dasboard), Illuminates decentrilized exchange, first release of social media.

[Mirkic7]

When do you plan to start bounty?

The bounty campaign will start this week, and will include few unusual tasks.

[WanKenobi]

Do you plan additional emission of tokens?

[Mirkic7]

Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday
Do you filter out the clients you will accept or you will accept anyone for as long as they can pay?

The main goal of the project - create ecosystem where is your reputation will be more expensive then profits that user will receive from frauds. If you will loose your reputation, there is no chance in future to create new account with "clear" reputatuion again. So first of all - to create your ICO, you need to register and complete special KYC and AML procedure. All this information, received after KYC procedure will be hashed and hash will be saved, so there is no chance that you will complete KYC twice using same information. After that, founder will got to complete special agreement with Illuminates platform, and define project soft cap (if project wouldn't reach soft cap, all invested funds will be returned to backers). Project owners will receive special instruments to creating financial and technical reports about project stance and this reports in future will be obligated. Besides that we will control projects spendings, after fudnraising, and if we will find some suspicious activity, like for example creating order on our freelance exchange for development (will be included in next releases) and picking specific developer who takes 100k for 1 hour of work, gathere fund would be blocked on the smart contract.
Another level of security - judges system. There will be special cotegory of users - judges. To became one of them user first of all will need to proof his/her expertise on illuminates freelance exchange. Judges will have a chances to rate the project risking their reputation, but receiving benefits for doing this.
Additional there is will be special tournaments, you can read about that in current version of whitepaper.
We tried consider all possible problems and make our platform as transparent as possible. We are also look forward to receive feedback from our community, what's will allow us to update, expand and make our platform even safer.

[Mirkic7]

Do you plan additional emission of tokens?

No there will not be any additional emission/-s. Also we declare that from each SaaS earnings or commission on Illuminates platform we will burn 10% of Lumen (LUM) tokens from this payment forever. This process will be on smart contacts side and absolutely clear and without our ability to make changes in the model of this process. All financial smart contracts we will public listed to ensure everyone that its the truth. So token emission could only decrease.

[pinoycash]

Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday
Do you filter out the clients you will accept or you will accept anyone for as long as they can pay?

The main goal of the project - create ecosystem where is your reputation will be more expensive then profits that user will receive from frauds. If you will loose your reputation, there is no chance in future to create new account with "clear" reputatuion again. So first of all - to create your ICO, you need to register and complete special KYC and AML procedure. All this information, received after KYC procedure will be hashed and hash will be saved, so there is no chance that you will complete KYC twice using same information. After that, founder will got to complete special agreement with Illuminates platform, and define project soft cap (if project wouldn't reach soft cap, all invested funds will be returned to backers). Project owners will receive special instruments to creating financial and technical reports about project stance and this reports in future will be obligated. Besides that we will control projects spendings, after fudnraising, and if we will find some suspicious activity, like for example creating order on our freelance exchange for development (will be included in next releases) and picking specific developer who takes 100k for 1 hour of work, gathere fund would be blocked on the smart contract.
Another level of security - judges system. There will be special cotegory of users - judges. To became one of them user first of all will need to proof his/her expertise on illuminates freelance exchange. Judges will have a chances to rate the project risking their reputation, but receiving benefits for doing this.
Additional there is will be special tournaments, you can read about that in current version of whitepaper.
We tried consider all possible problems and make our platform as transparent as possible. We are also look forward to receive feedback from our community, what's will allow us to update, expand and make our platform even safer.

Looks like a centralized system, Controlling project spending after fundraising?

So basically you control all ICO Projects that is launch using your platform?