iOlite is an open-source, blockchain and machine learning platform, that allows anyone to write smart contracts, using any language, natural or programming. **UPDATE: ICO raised 2.2M in the main sale, no details on exchanges.
● Pre-sale - 30%
● Public ICO - 35%
Foundation Reserve - 35%
● Marketing, R&D, operations - 10%
● Team - 15%
● Bounties, partners and Service providers - 10%
How does the project create value to the ecosystem and differs from competing projects
The iOlite project addresses the biggest problem for the crypto-community, which is lack of mainstream adoption. And while there are solutions that address this problem through the language, such as NEO and EOS that allow programming smart contracts using Java, WASM, and other programming languages, iOlite does not limit the language used by the authors to a particular programming language. Moreover, iOlite does not even require a programming language at all. A natural language will be also an option for writing smart contracts, by using the iOlite plugin which will be a part of the ecosystem tools that they plan to release.