iOlite

Platform

Platform that bridges between mainstream users to the blockchain technology. It does that by allowing anybody without any prime knowledge to write a contract or an agreement in a natural all programing language  and iOlite migrates it in smart contract on Ethereum blockchain or any other one.


iOlite ICO Review


iOlite is solving a very important problem in the blockchain world. Now we have many different platforms that you can use to make smart contracts, but every one of them uses different programming languages. There are a lot of businesses that would like to benefit from smart contracts on the blockchain, but lack of programming skills are stopping the progress.

What iOlite does is it enables any user to write smart contracts with no need for programming skills. iOlite uses IDE – Integrated Development Environment in which iOlite will be integrated (such as Visual Studio or Eclipse) and FAE – Fast Adaptation Engine – engine that allows use of any programming language to write a smart contract in no time.

This way any crypto developer can use native language (English, Russian,…) or programming language (Java, C ++, Phyton,…) to make smart contract that uses Solitidy on Ethereum blockchain. This could potentially open the door to mass adoption of the blockchain smart contacts.

iOlite switched to private sale mode (probably no crowdsale).

Partnerships

Social Wallet – connects with persons social profiles so that anybody can send and receive money through cryptocurrency (any cryptocurrency). They have the same aim as iOlite – to make blockchain technology closer to everyone.

Blockchain Israel – organisation for blockchain meetups.

Top of Blockchain – a blockchain and ICO consultancy.

CWZ Association –  working to educate professionals about blockchain though live discussions, weekly workshops, and networking events.

Bitsme – professional consultancy firm driving blockchain based ventures.

 

 

Hype
6461   1161   122   147

They use bounty to reward for inviting more than 10 people to Telegram group and also for making articles about the project. They give 500 ILT for using their Proof of Concept – game for programing.

iOlite in press:

https://finance.yahoo.com/m/178fe864-9998-32e2-b2e4-7a6b4a3c87ca/iolite-aims-to-simplify-smart.html?guccounter=1

https://www.bloomberg.com/news/audio/2018-03-15/iolite-created-a-module-to-allow-humans-to-talk-to-blockchain

https://cryptovest.com/news/iolite-aims-to-facilitate-smart-contract-coding-by-allowing-any-language-via-its-fast-adoption-engine

 

Token price in USD
0,0221 $
Hard cap
12,500,000 $ (~137,178 ETH)
ICO supply
650,000,000
Total supply
1,000,000,000
Token % for public
65%
Currencies accepted
BTC, ETH
Private sale min. investment
50 ETH
Private sale max. investment
500 ETH
Bonus

Bonus for Private presale:
> $100K 50% = 32,500,000 tokens
> $50K 40% = 32,500,000 tokens

Bonus for Public presale
25% = 130,000,000 tokens

Bonus for Public sale
1. week 15% = 162,500,000 tokens
2. week 10% = 162,500,000 tokens
3. week 0% = 130,000,000 tokens

Lock up/Vesting
– 3 months vesting period on the bonus tokens only

Token distribution

iOlite plans to distribute tokens in this manner:

a) 30% Pre sale
b) 35% Public ICO
c) 35% Foundation Reserve

Allocation of funds

iOlite plan for fund allocation:

a) 31% R&D
b) 14% Operations
c) 5% B&A
d) 5% Reserve
e) 45% Marketing

Team

iOlite has a team of 12 members.

Alfred Shaffir | CEO, Co-founder | Studied Engineering at Tel Aviv University and has a MBA in Finance at Bar-llan University. Worked in Intel for 2 years as Hardware engineer and 6 years as System Validation Engineer. Former Captain in Israeli Defense Force (4 yrs).
Founder of 3 more start-ups:
Folloyu – mobile web app, won international prizes like USA Global Entrepreneurship Week, Israel Mobile Sumit, etc.
Polycoin – blockchain technology with smart contracts that hepls banks to lower their cost for IT operations.
Seanternet – creating Wifi network on sea, with no satellites.

Dimitry Kuzmnov | Co-founder | Studied at Technion – Israel Institute of Technology. Worked at Destinator Technologies as a APAC R&D Menager for 4 yrs. Also worked for 10 years in various companies as Gaslilsoft R&D consulting. He is a co-founder of Galil Soft Ltd. for software development for over 8 yrs.

Vladyslav Makarian | Core Developer | Has a Bachelor’s degree in Software Engineering at Zaporiz’ka Deržavna Inženerna Akademija. Worked for 4 yrs as a Developer in IT-Dimension.


Advisors

iOlite has 8 advisors.

Stas Oskin | Technology | Core Dev and Biz Dev in WINGS Stiftung for 2 yrs. CTO of Eyecam for 6 yrs, NeoCam for 11 yrs and NeoVSP for 6 yrs (video security).

Frank Frausto | Google Veteran | Working for Google as Head of Sales Trainer for 14 yrs.

Bob Seeman | Head of Strategy | CEO of Clera Inc., financing and drug development for 17 yrs. Director and founder of RIWI Corp. – analyses company for more then 8 yrs.He has 23 yrs of experience as an Attorney for California State Bar. CEO of CyberCurb – cybersecurity risk analysis for 1 yr 7 mos.

Erik Albers | Cisco Supply Chain | 13 yrs experience in Cisco Service Supply Chain.

So far iOlite team made FAE Proof of concept where anybody can see how easily their concept works. They developed iOlite blockchain testnet (not yet public) and made 4 rounds of presale in which they gathered 2,226,746 $ of funds (~18% of hard cap). They relesed their code on github and the iOlite plugin is already available on Visual Studio. After raising funds (private sale) they plan to deliver iOlite blockchain mainnet in August with English to Solidity translation baseline and more languages to come.

Project phase

Proof of Concept – a gamified demonstration of Fast Adaptation Engine – Engine that enables use of any programing language to write a smart contract. They relesed their code on github and the iOlite plugin is already available on Visual Studio.

Private sale start
Going on
Presale start
20/03/2018 
Presale end
27/03/2018 
Crowdsale start
NO
KYC
YES
Exchange date
TBA

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Platform that bridges between mainstream users to the blockchain technology. It does that by allowing anybody without any prime knowledge to write a contract or an agreement in a natural all programing language  and iOlite migrates it in smart contract on Ethereum blockchain or any other one.


Expected ROI
Reveal
ICO starts in
NO


Token Metrics
Hard cap
12,500,000 $
(~137,178 ETH)
Soft cap
1,000,000 $
Token price
0,0221 $
ICO supply
650,000,000
Total supply
1,000,000,000
Token
ILT
Accepting
BTC, ETH