IUNO ICO REVIEW

nesa1998 (12)in #cryptocreativity • 6 years ago

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IUNO ICO Distributed banking as a service. For centuries, banks strangled people who were disadvantaged, and created a mechanism of oppression and exploitation. In order to be able to participate in the banking system, people were forced to deliver assets to the best irresponsible gambler and in the worst case to white-collar criminals. Banks design a system to punish their owners and give subsidies to more people. The lower the money, the higher the cost of accessing the banking services, from interest rates to account charges. If you are wealthy, most fees will be exempted and interest rates will be lower. This dichotomy lets people confiscate disadvantaged people in a vicious circle without escape.

Website

White Paper

Official Youtube Presentation

The problem solved by IUNO

For centuries banks have exercised a stranglehold on the underprivileged and created a system of suppression and exploitation. In order to be able to participate in the banking system people were forced to hand over their assets to a group of irresponsible gamblers at best or white collar criminals at worst. Banks designed a system to punish people who own less and subsidize people who own more. The less money you have, the higher the costs to access banking services — from interest rates to account fees. If you are wealthy, most fees are waived and interest rates are low. This dichotomy keeps the underprivileged trapped in a vicious cycle out of which there is no escape.

What gives IUNO an edge?

The blockchain design of IUNO guarantees both a high transaction speed with the masternodes and the integrity of the system through the supernodes. This should allow it to be used for efficient and reliable payments, made all the more credible with AI oversight. IUNO’s dual token system should be a lot more practical for everyday payments than most existing cryptocurrencies. The feeless internal/low-fee external system for financial operations should make this far more accessible (and appealing) for the average user.

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IUNO was founded by a group of veteran business professionals who have previously worked with many prominent companies in different fields. The company will reach out to partners to augment its platform technologically, for instance by developing its identity management system. It plans to enter the market through various underbanked niches, including the expanding legal marijuana industry and the US government food stamp program.

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Token Sale

ICO start date 17 Jul 2018

ICO end date 21 Sep 2018

ICO token supply 110,500,000

Soft cap 3,000,000 USD (fiat)

Ticker IUNIT

Type Utility-token

Accepted Currencies ETH USD BTC

Token Sales Information

Ticker: IUNIT
Platform: Ethereum
Soft Cap: $3 million USD
Token Supply: 300 million
Exchange Rate: 1,000 IUNIT= 1 ETH
Accepted Currencies: USD, BTC, ETH