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Ratings Loyakk

Business Network Platform

Loyakk is a blockchain-enabled platform for enterprise business networks that enables enterprises (or companies) to engage with their network of business partners with greater security, efficiency and governance. With Loyakk, businesses can now combine blockchain with relationship management capabilities to address critical challenges they face in b2b engagement, including data / IP theft, data reconciliation, contract execution and disputes, while ensuring compliance to business rules across the network. This leads to significantly reduced operational friction costs and revenue leaks, while accelerating business revenues.

4.2
11 10 expert ratings
Benchy 3.5
KYC
Experts
4.9
4.8
3.8
Review: coming soon PRO
~$16,200,000
value of tokens sold in ICO
Ended
Token
LYK
Type
Price in preICO
1 LYK = 0.50 GBP
Price in ICO
0.6500 USD
Country
UK
Whitelist/KYC
Whitelist
Restricted areas
USA
preICO start
7th Jun 2018
preICO end
14th Jun 2018
ICO start
15th Jun 2018
ICO end
31st Oct 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
Blockchain Enthusiast
Rated on Apr 28, 2018
5
5
5
7%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Nikitin

Rated on Apr 24, 2018
5
5
4
7%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Apr 22, 2018
5
5
3
12%

Team and advisory board is quite experienced.... Don't have any beta but concept is very good

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Shohel Alam
ICO,IEO Advisor| Blockchain Consultant | Growth Hacker | Listing On Exchanges | Marketing And PR Expert | Mentor
Rated on Aug 13, 2018
5
5
4
11%

The concept is very interesting though and very effective. A good team and Advisor board with a quite innovative product and a great vision. KYC Approved.

Good implementation of blockchain technology. Whitepaper quality is good. I love this. I personally like this project.

Wish them to get proper success.

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0
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David Drake
Managing Partner
Rated on Apr 11, 2018
4
5
4
6%
This rating's weight is reduced by 50% as there is no review added.
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on May 2, 2018
5
5
5
5%
This rating's weight is reduced by 50% as there is no review added.
Vlad Skakun
Co-Founder and CFO at CryptoDiffer | Investor| Marketing Specialist| Senior Analyst at Venture Fund
Rated on Apr 25, 2018
4
4
3
5%
This rating's weight is reduced by 50% as there is no review added.
Dennis Oosting
Founder of Serendipity Blockchain Solutions
Rated on Jul 10, 2018
5
4
3
8%

Enterprises are losing a lot of money, because of their own inability to safely and also efficiently share data. This is were Loyakk comes in. It's an Ethereum based project, trying to transform companies ways of data sharing and collaboration across the world to partners and other parties.

The token is used for all interactions across the Loyakk networks, it carries data and provides the ability to enable critical functions or data propagation.

Only 34% is being sold in the the token sale, whereas 18% and 7% are going to the team and advisors respecively, this is way off in my opinion. Especially thinking about the fact they are aiming to raise $45M.

Loyakk has a really strong team with Salim Ali, previous global vice president at SAP; Jitu Telang, good background with engineering at Pavilion, Trilogy,.. and also members with a good background in the blockchain space. They can and will definitely use their background and experience to their advantage (e.g. SAP partnership), which is a plus.

The team is aiming to launch their V2 platform in Q3/Q4 2018 and their entire roadmap is detailed until 2021. Platform V3 is scheduled for 2020, which is a long way out and probably a lot will have happened by then.

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Timo Trippler
ICO ADVISOR - FUNDRAISING-
Rated on Jul 1, 2018
5
5
4
8%

Great Team with amazing skills and network. High potential ICO 2018. The product works ( without Blockchain this time). The company has clients like SAP. The knowledge of the team and the existing network is very important for these kind of project.

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Ali Yazbek, CFA
Crypto Advisor | Journalist | Consultant
Rated on Aug 2, 2018
5
4
4
3%

Loyakk appear to offer a niche product and have no direct competitor currently on the blockchain.
There is no prototype or MVP yet but, as Loyakk already have an off-blockchain EAS system operational within the business world, we can trust their ability to succeed on the market.

The team’s presence within the EAS is proven, as is its credentials, and given its current client list the obstacles to future adoption appear to be minimal in comparison to the vast majority of ICOs in operation today.
With the direction of the project being at least partly guided by initial customer feedback and ongoing consultation, the business need-case for the product is also clearly demonstrated.

The hard-cap is high but perhaps not excessively so for a project that essentially carries global ambitions.
A high % of tokens is allocated for the team and advisors, but the lock-up period for those tokens is high, which strengthens the team’s engagement and the potential success of the project

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Benchy
ICO analyzer bot
3.5
29%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Salim Ali
Passed
Jitu Telang
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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