Loki (LOKI) Review & Analysis – Loki Token Review

Loki

Trade & Communicate With Absolute Freedom

Network Token

The Loki cryptocurrency creates a network of Service Nodes who are paid to propagate the blockchain, process transactions, and route traffic and messages on Lokinet.

Lokinet is a new type of mixnet that uses market-based Sybil attack resistance and onion routing to create a new private tunnel to the internet. Users of Lokinet will be able to access normal websites and SNApps without revealing their IP address

Private – Loki is built from Monero, and adopts a number of Monero’s key privacy features including ring signatures, ring confidential transactions, and stealth addresses. Together these methods ensure your activity and personal information is kept away from prying eyes.
Untraceable – By default, Loki allows users to connect to one another while hiding any trail or trace of the connection. This provides users with the freedom and security to connect and communicate wherever they are, and whenever they want, without their data being captured.
Open-Source – Loki is an open-source project that anyone can contribute to. Using the combined knowledge of expert individuals from around the world who share a collective vision of freedom and security, Loki will be a powerful tool that will continue to evolve to meet the needs of the community.

“Privacy is having the agency to decide when you reveal personal information. It is a particularly valuable quality today, when the collection and storage of personal data is taking place at unprecedented levels in history. Loki provides the means to transact and communicate privately and anonymously, using the decentralised nature of blockchain technology to create new methods of interacting with the internet.”

Positives

Loki not only bases it’s security on the time-tested Monero blockchain but goes a step forward to increase Ring Signature Minimums and employs other technical features such as Bulletproofs, Stealth Addresses, A Hybrid Proof-of-Stake & Proof-of-Work model and so much more. With web-application and service layers built on top of Loki, any applications built on Loki inherit the privacy benefits of the Blockchain. There are plenty of “privacy” Dapps running on less secure Blockchains such as Ethereum that would benefit greatly from moving over to Loki to enhance the security and privacy of their users. Those who run Service Nodes are required to lock-up LOKI tokens to secure the network and a reward they are given a portion of the Block Reward. Users will use the LOKI token as an exchange of service for applications such as Lokinet and Decentralized Messaging. Loki is one of the most promising projects tackling the Privacy & Dapp combination.
Decentralized, private communication is relatively new space in the Cryptocurrency world. Loki offers users a way to securely chat and browse the web through use of Service Nodes while maintaining the simple, easy to use capabilities that all chat applications should have. With apps such as Wickr having huge success on mainstream app stores, Loki takes this model a step further by ensuring there is no one central point of failure. We’ve got our concerns about the plan for adoption but it’s true that apps such as Wickr are not “entirely” private and some users may be looking for an alternative for their private communications. SNapps are where we think Loki will really shine and starting with something like a secure, private messaging system is a great way to show off the benefits of Loki in a simple manner. We’re looking forward to seeing the next few SNapps built on Loki.
Loki is a solid addition to the space and one that seems to be dedicated to the idea of Decentralized Privacy as a whole, rather than simply for wealth transfer. Communicating and interacting with the web in a decentralized manner will be increasingly important as privacy is continuously threatened by trackers, ISPs, government bodies, etc. Right now your best bet for private communication and browsing is the TOR Network and if you’ve used it before, you know it’s not only incredibly slow to use at times but at the end of the day, it’s still just as centralized albeit with strong privacy protocols in place. We may see a day where Loki is seen as a premium to the TOR Network which would revolutionize areas of the internet such as the “Dark-Web” for the better.
The Team behind Loki is extremely impressive. Taking a quick look at the experience behind some of these Team Members we can see previous experience at Facebook, heaps of experience in creating and testing privacy & security products, even old school Monero contributors are on board. It’s a breath of fresh air to see Team Members of a privacy project be open and public with their names and prior history. Loki is in safe hands.
Taking a look at the Roadmap, Loki is set to release their SNapp Open Source SDK in March of 2019. This will be a huge step in enabling Developers to build their solutions on Loki and no doubt a pretty big catalyst for the price of the LOKI token. 2019 will be a big year for Loki and we’re looking forward to an updated Roadmap as we move forward into the new year. A solid project all round.

Concerns

Loki is making some solid progress, especially considering the short time the project has been around. It’s improvements on Monero such as increased ring signature minimums and other changes make transactions just that bit more private. If you are an avid user of Monero for your private transaction needs, Loki may not persuade you to cross over and we’re guessing this will be the case for a lot of people who aren’t interested in the host of other awesome features that Loki boasts. Privacy coins are unfortunately a dime a dozen at this point and while Loki is a solid addition to this category, it’s “SNApps” are what we see as being one of the most valuable differences Loki has over it’s competitors. Decentralized, Private Web Applications are extremely attractive right now as the space becomes more crowded and Loki still has a lot of room to grow in this regard. In short, our concern here is that XMR users may not see the value in using a newer project such as LOKI as a means of private currency transfer. There are plenty of people out there with the “Ain’t broke don’t fix it” mentality.
The only other minor concern would be the plan of adoption. Taking the private communication side of Loki into view, right now apps such as Wickr are dominating the private chat scene with their “burn on read” and timed message deletion features. Although these Apps are indeed centralized and still vulnerable to attacks, they provide a very good solution for their mainstream audience who probably aren’t too concerned with whether it’s decentralized or not. What will be the “push” to decentralized alternatives such as Lokis? Watch this space!
No other concerns here.

Price Predictions

Please note: This Price Prediction section was a feature voted on by our community on Twitter. We do not stand by any of the following statements, we are merely speculating. We have been known to be pretty bullish on most projects we review, so take our predictions and DYOR.
As always, we like to take a step back and look at projects from a purely investment based perspective. LOKI will no doubt see a ton of organic price growth through exchange listings and planned marketing in the future, any investments now would have a pretty good chance of appreciating from these catalysts, although any investment in such a new project comes with risk. Now sitting just under a $17m Market Cap (October 2018), LOKI still has a huge amount of growth potential in the long term based on fundamentals. With endless opportunities for SNapps, it’s really up to Developers on how they implement the technology behind Loki and the LOKI token into their own applications. Now, onto everyone’s favorite, price predictions. Please keep in mind due to the lack of LOKI price history, these are highly speculative guesses.
Short term (< 3 Months) We think LOKI could be sitting anywhere from $0.80 to $1.25.
Mid Term (6 – 12 Months) we think LOKI could be a stable $1.50 to $5, especially if the market turns around in the next few months.
Anywhere passed 12 months would be impossible to accurately speculate on but we’d be confident on a $10+ LOKI in 1+ years. The current LOKI supply is just over 31 Million, so a $10 LOKI would equate to a $310 Million Market Cap.
As with any investment into a low-cap project such as LOKI, you absolutely must do your own research. We are by no means providing financial advice. Be smart!