Reston, Virginia (PRWEB) September 07, 2017
Loci announced today that utilitarian tokens can be purchased with a 50% discount now through Sept. 15th. A total of 5 million utilitarian tokens are available until that date.
Previous token purchasers’ allotments will be increased to 40% to ensure investments are fair and equal, also speeding up liquidity for token holders. This allows innovators to use the InnVenn platform, a simple, yet powerful tool to search and discover patent opportunities, and to make a claim for their inventions.
In our continued effort to be as ethically responsible as possible, purchases can be refunded through Sept. 15th*.
The following schedule applies to the token sale (Non-SAFT):
- 30% discount begins on Oct. 1st
- 20% discount begins on Oct. 10th
- 10% discount begins on Oct. 20th
CEO John Wise is also announcing an innovative economic model that will further reward active innovators with additional LOCIcoin. If Loci holds more than 50 million tokens resulting from transactional volumes on InnVenn, Loci will “airdrop” excess coins over 50 million to the inventors who have staked inventions on the blockchain.
This is intended to keep the InnVenn network economy flowing and reward inventors who have unsold inventions already claimed on the platform. It also places value on the assets, or intellectual property, and not the cryptocurrency, or in this case, LOCIcoin.
Loci will detail these updates in their latest white paper and release their Private Placement Memorandum which is currently being reviewed by the legal team. The latest updates will be released very soon, no later than next week. To stay updated, you can either join Loci’s Slack, or follow along on Twitter.
For media inquiries, please contact Jesse Lucas at Melrose PR Jesse(at)melrosepr(dot)com or call (310) 260-7901.
*The end of the sale date is subject to change.
Loci, a leader in DIY patent research, is built on patented technology nearly a decade in the making. Loci is applying its search engine to a decentralized database for patent research, discovery, and licensing. The company uses a combination of intuitive user interfaces, machine learning, and blockchain technology to optimize this process. Loci will hold the first token sale with an already established product. Their company profile video can be viewed here on YouTube.