Loci, a leader in DIY patent research and discovery, has announced that their LOCIcoin Token Sale originally scheduled to launch on October 1st will be rescheduled for later in Q4. The SEC compliant SAFT presale can still be purchased with a 50% discount. A total of 5 million tokens are available for the SAFT presale.

The Loci team is currently testing their alpha release for integration and staking disclosures from InnVenn on the Ethereum blockchain. The vetting process of deciding which blockchain technology to build upon took a substantial amount of time. Loci’s technical team decided that Ethereum, and its wide adoption in the market is optimal for Loci’s ecosystem.

“This testing is ongoing and very complicated,” CTO, Eric Ross explains, “but we are committed to ensuring the product is fully functional prior to its release. The impending Metropolis updates to Ethereum will bring improvements as the platform moves along its roadmap, but the timing is critical for our development and testing.”

Since this will not be finished before the originally planned token sale launch of October 1st, the Loci team has decided to delay the token launch until later this year. The Loci team has been in talks with several cryptocurrency exchanges about the addition of LOCIcoin to their platforms, working hard to get letters of commitments before the token sale.

Loci’s SEC compliant SAFT presale gives a 50% discount to the base rate of LOCIcoin. Any interested accredited investors can learn more by contacting Loci directly at [email protected] and download the blank SAFT at Loci.io.

Loci has released an update of their product, InnVenn, which includes substantial improvements, as well as the foundation for the blockchain integration. Loci intends on using blockchain technology to create immutable verification of disclosure, which could save inventors thousands of dollars in legal fees. The next release will include the full blockchain process as outlined in the whitepaper. The blockchain integration is integral to the InnVenn product and its mission. Loci is also bringing on a stellar group of tech experts to its board of advisors, of which the specifics will be announced shortly.

Loci has been growing their community and keeping an open dialogue with fellow inventors about their experiences with patenting. The team has been logging this feedback to make improvements and someday create new features to make the process of patenting more efficient and accessible. To join their Slack community, click here.

About Loci.io
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. Loci’s InnVenn platform allows for a quicker and safer alternative to the current patent and invention process. 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.

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