IONC is the official token of IONChain. It can be utilized by different participants in IONChain ecosystem. The maximum supply of IONC is 800 million. It is going to be released gradually for 20 years. After 20 years, the administrative committee elected by IONChain users using the consensus mechanism will decide whether to re-issue IONC tokens based on the amount of on-chain devices, amount of data being processed and the overall level of IONC abundance in the ecosystem. IoT devices and data access constitute the core parts of IONChain ecosystem, therefore IONC token is going to be used to reward devices and data providers. The yearly supply of IONC tokens increases along with the demand for data access. However, the upper limit is pre-set. IONC token is an indispensable part of the IONChain system as it is a single most crucial part of its ecIONChain aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem. IONChain introduces the concept of “One Device, One Coin, One Code” which facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses IONChain subject to mining rewards. Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Furthermore, the value ofthe data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT application scenarios and boosts the whole industry to enter the next level of development.
InoCoin is a decentralized cryptocurrency built with the sole purpose of helping prospective new businesses find funding. Our aim is to draw in a large pool of funding applicants and pick the ones who prove they deserve the investment. We base our decisions on a set of criteria that are purely objective, built as a result of our extensive experience with investing. This guarantees that InoCoin will keep growing, because it is not directly tied to the market, but only to the select, high-quality startups we choose to fund. They use blockchain technology because we believe in its future, because we are business people and have a logical outlook. Providing transactions many times quicker and cheaper than are currently the norm makes blockchain the perfect decentralized system. It gives every person the opportunity to be a successful investor, whereas a classical banking system limits investment options to just a small circle of well-funded individuals. InoCoin works both for startups and for investors. We strive for win-win deals. Every successful startup is a win both for investors and for InoCoin. INO coin is a utility token that will pave the way to the future of crowdfunding. Unlike most other platforms, it is also a universal payment tool and, apart from investing in and funding various projects, it will also act as a currency that allows people to take advantage of the innovations which are being developed thanks to it. After investing in INO, for example, you can receive smart services and all kinds of products from the projects you support. Ino Coin is the global platform for funding and guiding prospective young blockchain projects to success. It’ s backed by a variety of people with extensive technical and business skills– a team that will share advice and provide constant direction to young teams in addition to providing funds.It’ s a unique decentralized system for joint decision making between the lead team, project representatives and all investors and owners of the currency.Share knowledge, ideas and shares through InoCoin.