eosDAC EOSDAC to Ivy IVY Exchange

Crypto Pair Details: EOSDAC to IVY

eosDAC EOSDAC

EosDAC is currently an ERC-20 standard token on the Ethereum blockchain. Once the EOS platform launches, the ERC20 token contract will be frozen and the ledger will be transferred over to EOS through a process, defined by the launch team, that will be described on the eosDAC website and social media channels. BlockMaker Ltd has created a total token supply for eosDAC of 1,200,000,000. These tokens represent the community members of eosDAC, who will own and control the DAC (Decentralised Autonomous Community) once it is launched on the EOS blockchain in June 2018. EosDAC will seek to have it’s tokens listed on a number of major cryptocurrency exchanges. 75% of eosDAC tokens (900,000,000) have been allocated for an airdrop to EOS token holders. All EOS token holders holding over 100 tokens* at the end of Day 300 of the EOS crowdsale (April 15th 2018, 01:00:00 UTC) will receive 1 eosDAC token for each EOS token that they hold, these tokens will be transferred directly into their Ethereum (ERC20 compatible) wallet. The actual airdrop will be made as soon as possible after this date and after we have run necessary tests and checks. All Ethereum accounts that have 100 or more EOS tokens in them at the snapshot on the 15th April will automatically receive the airdrop. Any accounts with less than 100 tokens will not automatically receive the airdrop but will be eligible (until 15th May 2018) to apply using eosdac.io/airdrop. While eosDAC will now include Crypto Exchange wallets in the airdrop, you will need to contact your exchange directly to check that they will distribute the eosDAC tokens to an eosDAC wallet under your control. If your exchange is not prepared to do this you would need to withdraw your EOS tokens to an exchange that does support the eosDAC airdrop, or better still to an ethereum address for which you have the private key. Most exchanges will support airdrop distributions as long as they receive enough customers requesting them to.

Ivy IVY

Ivy is a blockchain-based technology for FIAT & cryptocurrency business transactions which require extensive verification in the international monetary system. The Ivy network utilizes Ivy (IVY) tokens which carry KYC & KYT data points critical for Financial Institution validation. Advantages of Ivy Network over traditional payment networks: 1. Securely facilitate the transfer of cryptocurrency payments while associating KYC and KYT data via the trusted, distributed ivyKoin network 2. Securely store an immutable reference to supporting transaction data in a public blockchain 3. Embed more KYT & KYC information into the transfer than traditional payment methods 4. Able to be integrated into existing banking software 5. Offer easy integration into accounting software for bookkeeping efficiency 6. Provide revocable access to KYC/KYT data to financial institutions, accountants, company managers and others, depending on the information they require OVERVIEW OF ARCHITECTURE It is intended that the Ivy Network will function through the use of a dual network architecture, where senders of Tokens operate on a public network (Ivy Public Network), and parties that provide the financial settlement to fiat currency participate on a private network (Ivy Private Network). KYC/KYT/AML data supporting transactions will be captured in cryptographic containers that are generated from the Ivy Public Network interaction with the Ivy Network smart contracts and support the activities of the Ivy Private Network participants in facilitating transaction settlement. This data will be stored and accessible by the financial institution and governing regulators of the fiat balance recipients.

SOURCE: COINGECKO

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