STAYING THE COURSE IN DYNAMIC TIMES February 12, 2018
Revolutionary technologies always inspire confusion, uncertainty, and doubt. Horse and buggy manufacturers scorned the recklessness of automobiles, and their general lack of necessity. A primal reaction to the unknown, in many ways is avoidance.
LOOMIA is no stranger to confusion, uncertainty, and doubt. Over the last three and half years, we’ve fought to create technologies that bring comfort, safety and confidence to the human experience. We’ve bootstrapped our business against all odds and are excited to be in the place where several of our core technologies are coming to market.
Last December, we jointly announced an exciting exploration and development of our TILE application with legacy brand L.L. Bean. Through joint press efforts that were signed off by both companies, we shared with you and our community the work we’d be doing together as LOOMIA builds out the TILE Platform.
We were preparing for a kick-off this week. Since December, the stream of positive coverage kept coming, and both firms were excited about the work. Last Friday, an article was published on the project, quoting an L.L. Bean employee, that contained several technical and factual inaccuracies. We had reached out to the publication and offered to participate in the story, which they declined. This inaccurate article was then picked up by several rapid media outlets, that added even more false information about the TILE.
Words like “tracking” (which often means to follow and stalk) and “geo-location” and “customers may not be able to opt out” make for great clickbait results, but are categorically and technically untrue. Uneven journalism with poor fact-checking leads to manufacture controversy- the only result of a click-driven media cycle. What was to be an exciting collaboration around user-centered data control, agency, and incentivization became a cautionary tale of corporate overreach. This stands against everything LOOMIA and TILE are about.
Last Saturday night, an article came out with senior level leadership at LL Bean rejecting the previous articles in their entirety, and stating our slated work together would not be moving forward. While we would have preferred to learn of their reversal directly, we completely can understand and respect choices made under intense media scrutiny.
LOOMIA TILE is just one of the many things our LOOMIA Electronic Layer (LEL) can do. Through our textile circuitry, LOOMIA can bring features like dynamic heating, illumination, sensing and responsive data to consumers. We are excited to continue developing TILE alongside our other functionalities with enterprising brand partners who see beyond the horizon of doubt. We are excited to share more of that with you in the coming weeks.
Our mission has always been the same, to bring meaning and value to the materials that make up our world. We remain forever committed to transparency, quality, and integrity.
The future stands firm, and we are charging towards it.
Janett Liriano, CEO
LOOMIA
Revolutionary technologies always inspire confusion, uncertainty, and doubt. Horse and buggy manufacturers scorned the recklessness of automobiles, and their general lack of necessity. A primal reaction to the unknown, in many ways is avoidance.
LOOMIA is no stranger to confusion, uncertainty, and doubt. Over the last three and half years, we’ve fought to create technologies that bring comfort, safety and confidence to the human experience. We’ve bootstrapped our business against all odds and are excited to be in the place where several of our core technologies are coming to market.
Last December, we jointly announced an exciting exploration and development of our TILE application with legacy brand L.L. Bean. Through joint press efforts that were signed off by both companies, we shared with you and our community the work we’d be doing together as LOOMIA builds out the TILE Platform.
We were preparing for a kick-off this week. Since December, the stream of positive coverage kept coming, and both firms were excited about the work. Last Friday, an article was published on the project, quoting an L.L. Bean employee, that contained several technical and factual inaccuracies. We had reached out to the publication and offered to participate in the story, which they declined. This inaccurate article was then picked up by several rapid media outlets, that added even more false information about the TILE.
Words like “tracking” (which often means to follow and stalk) and “geo-location” and “customers may not be able to opt out” make for great clickbait results, but are categorically and technically untrue. Uneven journalism with poor fact-checking leads to manufacture controversy- the only result of a click-driven media cycle. What was to be an exciting collaboration around user-centered data control, agency, and incentivization became a cautionary tale of corporate overreach. This stands against everything LOOMIA and TILE are about.
Last Saturday night, an article came out with senior level leadership at LL Bean rejecting the previous articles in their entirety, and stating our slated work together would not be moving forward. While we would have preferred to learn of their reversal directly, we completely can understand and respect choices made under intense media scrutiny.
LOOMIA TILE is just one of the many things our LOOMIA Electronic Layer (LEL) can do. Through our textile circuitry, LOOMIA can bring features like dynamic heating, illumination, sensing and responsive data to consumers. We are excited to continue developing TILE alongside our other functionalities with enterprising brand partners who see beyond the horizon of doubt. We are excited to share more of that with you in the coming weeks.
Our mission has always been the same, to bring meaning and value to the materials that make up our world. We remain forever committed to transparency, quality, and integrity.
The future stands firm, and we are charging towards it.
Janett Liriano, CEO
LOOMIA
As we speak, I am en route to the manufacturing facility of a brand partner we are signed with that is bringing another LOOMIA functionality to market. Can't wait to share that partnership, as well as another one in blockchain with you in the coming days and weeks. Full calendar of brand meetings eager to learn about TILE. Excited to power forward!
Later today, we'll be sharing some progress images and wireframes!
Later today, we'll be sharing some progress images and wireframes!
This announcement and more can also be found on our website- more to come!
We're excited to share a few snapshots of our wireframes for LOOMIA TILE! Please find snapshots of our user dashboard and brand dashboard above.
We are so excited by this future! Ownership, control and transparency are the key to a positive data driven and powered future. Glad to be included in such good company 😄 https://www.investopedia.com/news/blockchain-could-make-you-owner-data-privacy-selling-purchase-history/
Investopedia
Blockchain Could Make You—Not Equifax—the Owner of Your Data
All hype aside, blockchain technology is really good at one thing: taking out the middlemen. Leaky data brokers' days may be numbered.
All emails coming from token@loomia.com or whitelist@loomia.com are legitimate emails from the LOOMIA team
LOOMIA Integrates The Bancor Protocol
LOOMIA Tile Expands Access to Blockchain Data Marketplace with New Integration
NEW YORK, March 2nd, 2018- LOOMIA, a technology company adding intelligence to everyday objects, today announced the adoption of Bancor, a protocol that facilitates autonomous token conversions without having to match buyers and sellers. The integration will introduce a new level of interoperability to TILE Tokens for users engaging with the TILE platform. Tel Aviv-based Bancor has seen conversion volume grow to over $37 million per week as more companies activate native ERC-20 tokens on the Bancor Network.
Janett Liriano CEO of LOOMIA said, “We are thrilled to announced the TILE token will join a growing network of Bancor member tokens. Much of what the LOOMIA team has been working on for the past three years is to bring new functionality to everyday objects that gives users more control. Bancor is another important step in this mission. We are eager to see what the future holds for the users of the LOOMIA Tile network and are proud to adopt the Bancor Protocol at this stage.”
This integration will introduce LOOMIA consumers to the practicality and security of smart contracts and token utility. The decentralized Bancor platform enables continuous on-chain liquidity without matching buyers and sellers. The Tile token brings enhanced functionality to everyday objects by interacting with data from consumer habits, such as frequency of wear, level of activity, and temperature. Tile transforms consumer goods into permission-based, data-collecting tools where customers have complete control over the flow of information.
LOOMIA-enabled objects gather data from the LOOMIA Electronic layer (LEL), a flexible circuitry embedded in the materials, and stored on a hardware component called the LOOMIA Tile. The data can then be transferred to personal devices and uploaded to the blockchain-based Tile Marketplace to be sold to brands, market research firms, and other companies. Once the consumer has expressly permissioned the data, consumers can exchange the Tile token for other ERC-20 tokens integrated with the Bancor protocol. Technical details of how the Bancor protocol facilitates the conversion of integrated tokens can be found in the Bancor Protocol white paper.
More information about LOOMiA can be found at www.loomia.co. To learn more about Bancor Network, see bancor.io.
###
LOOMIA CEO Janett Liriano and Blockchain Lead Sol Lederer are available for interview.
About LOOMIA:
LOOMIA is a technology company focused on engineering innovative technology that delivers comfort, safety, and confidence to the human experience by adding intelligence to everyday objects. In a world in which personal data has become a precious commodity sold behind closed doors by large corporations, the LOOMIA Tile gives individuals the right to own their own data, along with the freedom to choose how to share or sell it. In addition, the LOOMIA Tile's unique ability to associate an individual's physical identity, contained in their biometrics and habits to their digital identity, contained in their online profiles and activities, presents an interesting starting point for a wide range of third-party integrations, which could use LOOMIA technology to verify identity and facilitate secure payments passively and seamlessly, with no manual interaction and interface. For more, visit www.loomia.co.
About Bancor
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, please visit the website or join the Telegram group: https://t.me/bancor.
LOOMIA Tile Expands Access to Blockchain Data Marketplace with New Integration
NEW YORK, March 2nd, 2018- LOOMIA, a technology company adding intelligence to everyday objects, today announced the adoption of Bancor, a protocol that facilitates autonomous token conversions without having to match buyers and sellers. The integration will introduce a new level of interoperability to TILE Tokens for users engaging with the TILE platform. Tel Aviv-based Bancor has seen conversion volume grow to over $37 million per week as more companies activate native ERC-20 tokens on the Bancor Network.
Janett Liriano CEO of LOOMIA said, “We are thrilled to announced the TILE token will join a growing network of Bancor member tokens. Much of what the LOOMIA team has been working on for the past three years is to bring new functionality to everyday objects that gives users more control. Bancor is another important step in this mission. We are eager to see what the future holds for the users of the LOOMIA Tile network and are proud to adopt the Bancor Protocol at this stage.”
This integration will introduce LOOMIA consumers to the practicality and security of smart contracts and token utility. The decentralized Bancor platform enables continuous on-chain liquidity without matching buyers and sellers. The Tile token brings enhanced functionality to everyday objects by interacting with data from consumer habits, such as frequency of wear, level of activity, and temperature. Tile transforms consumer goods into permission-based, data-collecting tools where customers have complete control over the flow of information.
LOOMIA-enabled objects gather data from the LOOMIA Electronic layer (LEL), a flexible circuitry embedded in the materials, and stored on a hardware component called the LOOMIA Tile. The data can then be transferred to personal devices and uploaded to the blockchain-based Tile Marketplace to be sold to brands, market research firms, and other companies. Once the consumer has expressly permissioned the data, consumers can exchange the Tile token for other ERC-20 tokens integrated with the Bancor protocol. Technical details of how the Bancor protocol facilitates the conversion of integrated tokens can be found in the Bancor Protocol white paper.
More information about LOOMiA can be found at www.loomia.co. To learn more about Bancor Network, see bancor.io.
###
LOOMIA CEO Janett Liriano and Blockchain Lead Sol Lederer are available for interview.
About LOOMIA:
LOOMIA is a technology company focused on engineering innovative technology that delivers comfort, safety, and confidence to the human experience by adding intelligence to everyday objects. In a world in which personal data has become a precious commodity sold behind closed doors by large corporations, the LOOMIA Tile gives individuals the right to own their own data, along with the freedom to choose how to share or sell it. In addition, the LOOMIA Tile's unique ability to associate an individual's physical identity, contained in their biometrics and habits to their digital identity, contained in their online profiles and activities, presents an interesting starting point for a wide range of third-party integrations, which could use LOOMIA technology to verify identity and facilitate secure payments passively and seamlessly, with no manual interaction and interface. For more, visit www.loomia.co.
About Bancor
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, please visit the website or join the Telegram group: https://t.me/bancor.
Telegram
Bancor Protocol
An ecosystem of decentralized, open-source DeFi protocols that foster onchain trading and liquidity. Introducing Carbon DeFi- www.carbondefi.xyz
bancor.network
twitter.com/bancor
discord.gg/5d3JXqYQGj
bancor.network
twitter.com/bancor
discord.gg/5d3JXqYQGj
TOKEN DISTRIBUTION ANNOUNCEMENT
Private Sale and TILEdrop
Over the last few weeks, LOOMIA has been blown away by the support and participation in our private pre-sale and registration for our token generation event (TGE). We are grateful to have the support of such an amazing community that is in it for the vision of what our products and TILE can bring.
We wanted to find a way to make sure everyone who is passionate about our vision has the opportunity to purchase or obtain TILE and advance the development of our data platform with their participation.
With the guidance of our great advisors and legal team, I'm excited to share the latest update on our token sale.
1) We are limiting our sale to US Accredited investors and International participants only. With an evolving regulatory landscape and many qualified participants who are eager to participate below the minimum, limiting the sale to US Accredited investors and international participants will allow LOOMIA's development to move forward in strong alignment with legal best practices.
2) In order to grow our TILE data community and ensure we develop a strong base of usage for our data platform, LOOMIA will be facilitating a TILEdrop. We are opening registration for participants who will be active early users of TILE’s platform as we develop it.
PRIVATE SALE
There will be NO LOCKUP for any participants in our private sale.
We've lowered the minimum investment to expand eligible US accredited investors and international participants who wish to secure an allocation. We are halfway through our private pre-sale.
Minimum investment: $5,000USD.
Begin the process here: https://loomia.com/preferred-investor-portal
*Whitelist and Waitlist registrants who qualify for private sale participation will also be emailed instructions for participation through our portal over the next week from LOOMIA, to ensure they receive this update.*
UPDATED TOKEN METRICS
65% in connection with token sale including purchasers of SAFTs;
15% to development team;
8% to brand partners;
2% to advisors
5% airdrop
5%, after a one-year lock-up, to third parties, as determined by LOOMIA, to grow and expand the utilization of TILE Tokens
PRIVATE SALE BONUS TIERS
$5K-49K (NO BONUS, but secured allocation)
$50-100K 10% bonus
$100K-499K 15% bonus
$500K and up 20% bonus
Private sale close date: MONDAY APRIL 2, 2018
NOTE: We are processing first completed application, first serve.
We are oversubscribed and will not wait for incomplete applications. Complete your application and upload KYC requirements in 3 business days, after that, we cannot guarantee your spot.
TILEDROP
We are excited to offer the TILEdrop campaign for our community of early supporters. Having an active community of TILE members will allow us to develop our data platform more meaningfully with their input.
This accomplishes several goals:
- Expands TILE participants for larger data sets and platform development
- Allows for the community to be a part of developing our platform
- Provides a native pool of users for brands that integrate TILE
Approximately 50,000,000 TILE tokens will be distributed in the TILEdrop (+/- 2MM tokens).
TILEDROP Process
Participants who are not eligible for our closed sale and are interested in advancing the platform can reserve an allocation of TILE through our TILEdrop.
The TILEdrop registration will be ON OUR OFFICIAL WEBSITE, sent via email, POSTED in the ANNOUNCEMENT CHANNEL, and on THIS TELEGRAM.
Link to be shared in the coming days.
You'll be asked to fill out a simple form with your full name, email address, date of birth, among others.. You will need to upload one form of ID through our secure BOX upload window. US Citizens may upload a copy of a state-valid ID (front and back) or passport. International participants please upload a copy of your passport.
ANY QUESTIONS ABOUT LEGITIMACY of a Portal can be asked here! If you are unsure if something is from LOOMIA, connect with an admin in the channel, and they will connect you with a member of our team.
TILEDRO
Private Sale and TILEdrop
Over the last few weeks, LOOMIA has been blown away by the support and participation in our private pre-sale and registration for our token generation event (TGE). We are grateful to have the support of such an amazing community that is in it for the vision of what our products and TILE can bring.
We wanted to find a way to make sure everyone who is passionate about our vision has the opportunity to purchase or obtain TILE and advance the development of our data platform with their participation.
With the guidance of our great advisors and legal team, I'm excited to share the latest update on our token sale.
1) We are limiting our sale to US Accredited investors and International participants only. With an evolving regulatory landscape and many qualified participants who are eager to participate below the minimum, limiting the sale to US Accredited investors and international participants will allow LOOMIA's development to move forward in strong alignment with legal best practices.
2) In order to grow our TILE data community and ensure we develop a strong base of usage for our data platform, LOOMIA will be facilitating a TILEdrop. We are opening registration for participants who will be active early users of TILE’s platform as we develop it.
PRIVATE SALE
There will be NO LOCKUP for any participants in our private sale.
We've lowered the minimum investment to expand eligible US accredited investors and international participants who wish to secure an allocation. We are halfway through our private pre-sale.
Minimum investment: $5,000USD.
Begin the process here: https://loomia.com/preferred-investor-portal
*Whitelist and Waitlist registrants who qualify for private sale participation will also be emailed instructions for participation through our portal over the next week from LOOMIA, to ensure they receive this update.*
UPDATED TOKEN METRICS
65% in connection with token sale including purchasers of SAFTs;
15% to development team;
8% to brand partners;
2% to advisors
5% airdrop
5%, after a one-year lock-up, to third parties, as determined by LOOMIA, to grow and expand the utilization of TILE Tokens
PRIVATE SALE BONUS TIERS
$5K-49K (NO BONUS, but secured allocation)
$50-100K 10% bonus
$100K-499K 15% bonus
$500K and up 20% bonus
Private sale close date: MONDAY APRIL 2, 2018
NOTE: We are processing first completed application, first serve.
We are oversubscribed and will not wait for incomplete applications. Complete your application and upload KYC requirements in 3 business days, after that, we cannot guarantee your spot.
TILEDROP
We are excited to offer the TILEdrop campaign for our community of early supporters. Having an active community of TILE members will allow us to develop our data platform more meaningfully with their input.
This accomplishes several goals:
- Expands TILE participants for larger data sets and platform development
- Allows for the community to be a part of developing our platform
- Provides a native pool of users for brands that integrate TILE
Approximately 50,000,000 TILE tokens will be distributed in the TILEdrop (+/- 2MM tokens).
TILEDROP Process
Participants who are not eligible for our closed sale and are interested in advancing the platform can reserve an allocation of TILE through our TILEdrop.
The TILEdrop registration will be ON OUR OFFICIAL WEBSITE, sent via email, POSTED in the ANNOUNCEMENT CHANNEL, and on THIS TELEGRAM.
Link to be shared in the coming days.
You'll be asked to fill out a simple form with your full name, email address, date of birth, among others.. You will need to upload one form of ID through our secure BOX upload window. US Citizens may upload a copy of a state-valid ID (front and back) or passport. International participants please upload a copy of your passport.
ANY QUESTIONS ABOUT LEGITIMACY of a Portal can be asked here! If you are unsure if something is from LOOMIA, connect with an admin in the channel, and they will connect you with a member of our team.
TILEDRO
P Timeline
We will be running our TILEdrop campaign for a maximum 60 days, starting today. There is a hard limit of how many TILEdrop participants we can accept. TILE tokens for approved registered participants will be distributed on a first-come, first-serve basis. The TILEdrop distribution date will coincide with the date of distribution of TILE tokens for our private sale participants, which is slated for May 2018.
Thank you for supporting this process for a fair, compliant and community-building sale! We at LOOMIA are honored by your support, and motivated to deliver on our vision. As always, we are available to you should you have any questions!
We will be running our TILEdrop campaign for a maximum 60 days, starting today. There is a hard limit of how many TILEdrop participants we can accept. TILE tokens for approved registered participants will be distributed on a first-come, first-serve basis. The TILEdrop distribution date will coincide with the date of distribution of TILE tokens for our private sale participants, which is slated for May 2018.
Thank you for supporting this process for a fair, compliant and community-building sale! We at LOOMIA are honored by your support, and motivated to deliver on our vision. As always, we are available to you should you have any questions!