LOOMIA OFFICIAL ANN
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Official LOOMIA channel for announcements. All official updates will be broadcast here.
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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.

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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.
Latest on the sale
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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
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!
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Hello Everyone,

As promised, please find two presentations below for our community.

To orient everyone around timing of token distribution, as you know, that needs to coincide with the launch of an alpha of our platform. We’ve been hard at work developing on both the hardware and software side of TILE, and thrilled to share the progress.

High level takeaways and quick hits:

Token distribution for all participants on SAFT or Tiledrop to happen after
1. KYC is complete (nearly)
2. After the alpha version of our app launches (this summer- more on specific timing in the presentation.)

Distributing after our alpha launches is a strict legal requirement. No getting around that one guys.

As our community knows, working with hardware and software development makes setting a firm date for distribution slightly tricky business.

That being said, we are presently strongly on track to have our alpha V1 of the platform ready in July, and the TileTag itself is just about to go into production.

What does “ready” mean?
Tiletag can upload data.
Data can be viewed
data can be purchased
Tiletag manufactured
-amongst other items that are covered in the presentation.

Exciting times.

Brand partnerships and traction:

Keep an eye out for WIRED (print) and a feature on LOOMIA. More press to come regarding our go to market! As much as it’d be lovely to spill all- you’ll find out soon enough. We will be improving the platform in tandem with these early brand partners.

Beyond that, we are in advanced talks with several domestic and international brands and manufacturers with our product demos to engage in larger scale runs.

Presentations:

In the first, we take you through:
-Our current progress and timelines
-first look at what the app is looking like.
-Detailed views of sprints remaining
-Code updates and smart contract updates
-General update on our other product development

In the second presentation, you’ll see:
-Actual results and data visualization from the tag itself
-hardware updates

To Come:
videos and demonstrations of the app and other progress.


That’s a lot to digest- but wanted to touch in with you all and give you a peek behind the curtain. I’ll be setting aside time early next week for a Q&A session, timing and date to come.

We cherish your support, and are thrilled to deliver.

Be sure to check out our expanded team, partners and advisors at THIS LINK: WWW.LOOMIA.COM/TOKEN

Warmly,

Janett
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Product development update .pdf
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Presentation 1
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Telegram hardware update pdf.pdf
2.1 MB
Presentation 2
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(Tiletag views in presentation- photos and videos to come shortly!)
TILE token distribution will occur first week of August