We are glad to announce that we have reached our very first milestone, by successfully hitting the €1 million mark in a record time during our Private Sales. We hope to reach higher benchmarks and look forward to an even greater participation during our Pre-ICO phase, commencing on April 18, 2018.
Liger is a Cryptocurrency which brings together two Giants: The thriving Gaming Community and the Emerging Blockchain Technology. Liger aspires to be the 'Cryptocurrency of Choice' for the Gaming Industry. Liger creates the Utility for its Tokens through creating an expansive Community of Gamers (Casinos / Fantasy Sports & Live Sports Betting) and Service Providers through the 'peer to peer' exchange feature of the Blockchain Technology. Liger disrupts the existing process by eliminating all intermediaries in the Gaming, Fantasy Sports and Live Sports betting Industry.
2. Where is Liger based?
Liger is based out of Malta. The Crypto Friendly Government and Casino legacy of Malta creates the perfect synergy with Liger.
3. What are Liger’s main goals?
To achieve 1% market share by value in 5 years from inception across the identified Industries (Online and Offline Casinos, Sports Betting and Fantasy Sports)
To drive LIGER as the currency of choice for the identified Industries. LIGER will use the Blockchain Technology to create adequate content and utility through the LIGER crypto currency.
To provide superior speed of transactions to both the User and Service Provider with an assurance of complete safety and transparency. To provide all the stakeholders a hassle free and real time settlements.
4. Are Liger tokens Utility Tokens or Security Tokens or currency? And How?
Liger tokens are Utility tokens as Token Holders can utilise Liger tokens only on Liger affiliated online casino portals, fantasy sports websites , live sports betting and the most unique Live betting at an actual casino through Liger Mobile App. Liger’s with its unique staking mechanism based on Howey’s Test enables token holders to stake their tokens with Liger thus making them a part of profit sharing. Hence Liger is neither a currency nor a security token.
5. What are the advantages of Liger for users?
Live participation in Offline Tables from the comfort of Home through Liger App.
No negative impact on Credit Ratings due to spends at Casinos or other Gaming POS.
Instant credit of Wins to the wallet in Liger Tokens.
Zero interference of Govt & Financial Institutions on spends.
6. What are the advantages of Liger for merchants?
Reduced cost of Customer acquisition through direct contact with a large Gaming Community.
Negligible transaction charges in comparison to Conventional Banking charges.
Incremental funds through the Staking mechanism.
Penetration and reach to Gamers from restricted Geography through the online integration.
7. What perks do I get as a Liger gamer?
Liger benefits for Gamers are manifold –
Gamers will get extra chips as a promotion for using Liger Tokens in the tied up and Liger’s own Offline Casinos, Online Casinos, Fantasy sports and Live Betting websites. Such bonuses will NOT be available to the fiat users.
Liger Tokens will be accepted across a large number of Merchants within the identified Industry. Hence, Liger Tokens will have a high utility.
Liger Token holders will be able to place bets at Live Casino tables from remote locations.
8. How will my Credit Ratings be unaffected by using Liger?
With Liger, the usage is completely anonymous and the Gaming Enthusiasts have no fear of Negative credit ratings based on the Bank's perception the Gaming and Wagering Industry.
About Tokens & Staking
1. What is Staking?
Staking is Liger’s Unique mechanism directed towards the participants who buy Tokens during the ICO phase for ‘Long Term Asset Creation’.
Such Users can stake their tokens to the Casino. Their tokens are used to bet on behalf of the Casino subsequently. A part of the Casino’s win is then distributed back to them in the ratio of their contribution to the overall pool of Staked Tokens.
This enables the non-gamer Community members to earn consistently and hold on to their tokens for a ‘long term’ where their tokens ‘work’ for them through the Staking mechanism.
Liger ensures a ‘fair play’ through implementing SMARTCONTRACTS to decide the overall allocation of Staking amount and for disbursement of the Casino’s winning through a fair, fast and transparent SMARTCONTRACT.
The formulas for deciding maximum stakes for a Qtr is as follows -
Below, please find the formulas for quarterly disbursement of the winning amount -
2.What is the advantage of Token Burning?
Token Burning is based upon the cardinal principles of ‘demand – supply management’. With aggressive acquisition and new casinos, the token demands are driven at the Casinos. A % of the Liger Casino winning is ‘burnt’ thus, removing them from circulation. This process is implemented through SMARTCONTRACTS thus requiring no human interference. An increased demand, coupled with reduced supplies of Tokens drive the prices up at the Exchanges.
3. What are the advantages of Liger for ICO participants with a goal of ‘Long term Asset creation’?
Opportunity to be on the Casino’s side through the Staking mechanism leading to long term opportunity of asset creation.
Asset backed Tokens with Liger’s own Casinos.
Unique mechanism of Token burning leading to increased demand at Exchanges.
4. Will Liger be accepted easily?
Liger will ensure a large base of Offline and Online Casinos, Fantasy Sports and Live betting websites accept it. Liger Token is a utility token. The efficient Acquisition Team will work on wide acceptance across merchants.
5. What happens if the Soft Cap is not achieved?
We have full confidence upon the Project. However, the Token Management SMARTCONTRACT will refund the contribution to all the relevant Wallet addresses in case of non-achievement of the Soft Cap.
6. When will Liger Tokens be issued?
The Tokens will be transferred to the wallets mentioned by the participants after the end of the ICO (1st August). Please note, that the participants will be able to see their allocation status through the Dashboard once they log in. The KYC approval process takes time and hence please be patient.
7. What % of the overall Tokens is allocated for the ICO for participants?
CO-Participants & Pvt Sales - 75%
8. Can investors from USA and China invest?
Only accredited investors from USA and China can apply for the purchase and the application will be subject to verification taking in consideration of due compliance.
9. Do you have a limit on the number of tokens that can be bought by one person?
The minimum purchase limit is determined at USD 100 and of course there is no maximum limit.
10. What exchanges will Liger be listed on? And When?
Liger is in talks with all credible exchanges available for trade. The due compliances and formalities are in process and we are confident of publishing the listed exchanges before August 2018.
11. Can you guarantee any price growth when the trading starts?
Liger has introduced a catalyst methodology called Burning where an "X" percentage of Liger Tokens will be burnt periodically subsequently maintaining the right demand vs supply ratio where the demand for Liger Tokens will always be more than the supply. There by promising a steady growth in price for investors.
12. Will your mining facility be open for business at the end of the token sale?
There's no mining involved at all in Ligercoin. The tokens are pre-mined on Ethereum platform.
13. Can a society invest in the Liger ICO?
Yes! Only if the society is a registered entity and has a clear mandate from regional jurisdictional compliances.
1.Why does Liger need blockchain?
Liger aspires to create transparent ecosystem where the user can bet from both sides based on individual preference. You can either bet against the house for be a part of the casino’s earnings by staking tokens with Liger. Hence Liger is dependent on Blockchain Technology as this unique staking mechanism works best with the application of decentralized blockchain.
2. What is the current status of blockchain development?
The product is under architecture development phase at present , Ethereum , Hyperledger fabric , Eris blockchains are basis for our services. The final structure shall be freezed by Mid May 2018.