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iOlite (ILT) ICO Review – ICO Token News

Smart contracts will significantly reduce the time needed for completing simple business operations and the costs of doing business. Code bugs in smart contracts can result in irreparable damage and massive financial  losses if not systematically analysed by coders.

iOlite aims to bridge the gap that separates the market and software developers responsible for developing a smart contract.

iOlite (ILT) Analysis

What is iOlite (ILT) all about?

It is an open-source, blockchain, and machine-learning platform built by using cutting-edge and state-of-the-art Ethereum blockchain technology. Users will be able to quickly write smart contracts on this platform by using any coding language, natural (English, Spanish, French, Russian, etc.) or programming. The natural codes will migrate it to the target machine’s programming language such as Solidity smart contracts in Ethereum blockchain technology.

iolite

Accessing this platform

Any programmer who has ever used an IDE (integrated development environment) will be able to naturally access this platform.

What does iOlite (ILT) aim to be?

The main goal of iOlite is to develop a unifying platform built on blockchain technology that allows users to create their own smart contracts. In addition, it will also fund developers and coders.

Users of this platform will be able to leverage the smart contract architecture through Fast Adaption Engine (FAE). They will be able to create smart contracts they need quickly and in a hassle-free manner.

Who will benefit from the iOlite platform?

Three major beneficiaries of this platform include:

  • Mainstream programmers.
  • Mainstream businesses.

What problem is iOlite (ILT) solving?

Smart contracts and blockchain technology have the ability to reduce the cost of business operations. The writing codes for the generation of smart contracts are complicated, complex, expensive, and potentially risky.

There are only a few programmers, developers, and coders who have the knowledge and experience to write codes for digital contracts, which limits the possibilities of assimilating smart contracts and blockchain technology into the main businesses around the world.

The largest issue that most coders tend to face is scalability when it comes to the growth and development of blockchain technology. When it comes to scaling to meet a large audience, researchers have shown that the use of blockchain technology is vulnerable. You can click to know more about How to invest in ICOs.

Solutions provided by iOlite

Ethereum blockchain technology is used in the development of this platform for accepting multiple native languages and different codes. Businesses will be able to make their own smart contracts with coding language with its FAE and IDE adaption.

iolite solution

This platform has a dependency-based action language, which will support the following:

  • Staging code.
  • Converting the previous coding language into smart contract schema.
  • Unittest blocks.
  • Core based code.

The open-source platform will decentralize the Solidity coding language itself and help coders to quickly convert their native language into Solidity. The use of smart contracts and Ethereum blockchain technology in businesses will increase due to this platform.

Why is iOlite (ILT) a good project?

  1. Businesses will be able to use Ruby, Python, C+, and other coding languages to create smart contracts on Solidity.
  2. It will help coders who require assistance and guidance for the purpose of making smart contracts.
  3. This platform is simple for developers and professional coders of different backgrounds to use.
  4. Users will be able to quickly convert their native codes into a smart contract on Ethereum blockchain technology.

What is iOlite’s (ILT) new innovation?

  1. Blockchain

The use of the advanced Ethereum blockchain technology in the development of this project ensures a decentralized, open-source, and secured platform for coders to use for the creation of smart contracts.

  1. IDE

This platform will make use of highly effective and popular IDEs such as Visual Studio and Eclipse via a plugin. The plugin is contracted by this platform through its Fast Adaptation Engine and Ethereum blockchain technology.

  1. Fast adoption engine (FAE)

FAE is created by the core development team. It is used to adapt to any coding or programming language and then convert it to a smart contract within a few seconds.

iolite access

Token price and token sale

iOlite will issue ILT tokens for sale through the private pre-ICO, public-ICO, and ICO sale. ILT tokens will be used as a means for payment and value transfer inside the iOlite platform.  This token will be developed on Ethereum blockchain technology just like other popular ICO tokens such as Cibus, BunnyToken, Aktie Social, Alttex, THEFANDOME..

  • Private pre-ICO will be open until February 23, 2018.
  • Public pre-ICO will start on February 23, 2018 and end on March 16, 2018.
  • ICO will start on March 16, 2018 and end on April 14, 2018.
  • Price of ILT tokens: To Be Determined (TBD) Shortly before the ICO start date.
  • Currency accepted for payment: Bitcoin (BTC) and Ethereum (ETH) just like other ICO tokens such as ArmPack, THEKEY, TrustaBit, MedTokens, Play2Live.
  • Total tokens allocated: 1,000,000,000 TBD
  • Soft Cap: USD1,000,000
  • Hard Cap: USD12,500,000

Allocation of tokens

  • 30% of the tokens will be issued for sale during the pre-ICO sale.
  • 35% of the tokens will be issued for sale during the main ICO sale.
  • 10% of the tokens will be allocated for marketing, R&D, and operation of this project.
  • 10% of the tokens will be allocated for partners, bounty rewards, and service providers.
  • 15% of the tokens will be allocated for the team associated with this project.

Bonus

  • Investors who have purchased tokens for less than USD100,000 will get 50% bonus.
  • 40% bonus will be awarded to the investors to purchase tokens for less than USD50,000 during the private pre-ICO.
  • 25% bonus will be awarded to investors who purchase tokens during the public pre-ICO sale.
  • 15%-10% bonus will be awarded to investors who purchase tokens during the main ICO sale.

Use of funds

  • 14% of the funds will be used for carrying out business operations.
  • 31% of the funds will be used for R&D.
  • 5% of the funds will be used for reserve.
  • 5% of the funds will be used for G&A.
  • 45% of the funds will be used for marketing of the project.

How to participate in the token sale?

Interested and qualified investors will be able to participate in the tokens by registering themselves on iOlite site KYC (know your customer) and mechanics registration are required before participating in the ILT token sale.

iOlite (ILT) Team

The core team behind this project consists of

  • Alfred Shaffir, Co-Founder, CEO.
  • Dmitry Kuzminov, Co-Founder, CTO.
  • Vladyslav Makarian, Smart-Contract Expert.

Summary

This platform is a community-driven knowledge base for naturalized languages that effectively allows users to write smart contracts in a hassle-free manner. It will also allow an easier human-machine interfacing. This open-source, decentralized, and user-friendly platform constantly learns how to effectively communicate with machines by using any programming or natural languages used by the community.

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