Internet of Coins, as a part of its CoinStorm campaign, has announced the launch of an ICO. The crowdsale, that started on March 21, 2017, is organized in association with the OpenLedger Decentralized Conglomerate (DC) – the world’s first blockchain powered conglomerate that facilitates investment in crypto-projects for better returns and cross promotion of projects.
Internet of Coins is on a mission to start a “blockchain freedom revolution”, where people can use all cryptocurrencies seamlessly. The Internet of Coins acts as a multi-blockchain wallet that allows users to store and trade cryptocurrencies and smart contracts without having to rely upon centralized exchange services. The platform comes at a time when centralized exchange platforms are considered as points of failure in the cryptocurrency ecosystem, prone to cyber attacks, thefts and even undue influence on cryptocurrency prices at times. The decentralized exchange model allows users to trade crypto-assets with anyone in the world without the involvement of a third party.
The easy to use intuitive interface makes it much easier for both existing cryptocurrency community members and newbies to adapt to it in no time. One doesn’t need advanced technical knowledge about cryptocurrencies to use the Internet of Coins platform. In addition, it also acts as an interface for smart contracts systems, decentralized communications, and distributed notary functions.
The Internet of Coins team has factored in existing cryptocurrencies and wallets during the development. The existing blockchains and value systems can be easily connected to the platform without making any changes. All these factors have made Internet of Coins a Hybrid asset platform serving two main purposes:
- It provides a coherent store of value across multiple blockchains, diversifying risk in the process.
- It acts as a vehicle to swap value between the different chains they are registered on, without a centralized third party like exchange platforms.
The Internet of Coins encouraged the cryptocurrency community and investors to join its CoinStorm campaign by offering attractive early bird offers. Investors who joined the ICO before its official launch were offered a 5% discount on their token purchases. The crowdsale participants will receive the HYBRID tokens on July 1, 2017. Investors can choose the blockchain on which they want to receive the HYBRID tokens. They can start trading the tokens once they receive them.
Images courtesy of Internet of Coins, AdobeStock