iOWN TOKEN
Hello everyone, we will provide the article to introduce the "iOWN TOKEN" project for people who are interested in contributing to the development and your potential platform. The following information may be incomplete and does not imply a contractual relationship. The main goal is to provide information to everyone so that they can decide whether to analyze the company to invest to obtain tokens. Participating in this project is huge for us, if you understand the project's vision and mission before you join, thereby increasing your confidence.
To date, the cryptocurrency has penetrated into many spheres of life. Therefore, there is a question of creating technologies that will bring it closer to ordinary people. Blockchain technology, in modern times, plays an important role in the construction of decentralized financial systems. It allows ordinary people to manage their own assets without the intervention of financial institutions such as banks, funds, brokers, etc. Such an opportunity people have been waiting for a long time as they risk very much allowing financial institutions to store their financial assets.
iOWN provides easy access for people to be part of any trusted running business (or promising
startup) with minimum effort and maximum value. We convert smart ideas to real businesses;
we provide digital support to business owners to enhance, expand and market their businesses
enabling them to generate more funds and to share their success with everyone.
BENEFIT
iOWN will not manage or administer any business.
The responsibility for execution remains
with the business owners.
iOWN’s role is to assist in connecting investors with businesses and
to facilitate presenting any information or reports made by licensed experts relating to the
credibility and profitability of the business to the investors.
Such reports are provided by the
licensed practitioners may cover the following information:
Qualifying the business body
and team / providing a Team
Trust Score
Measuring the trust level
of the business to provide a
Business Trust Score
Measuring the risk level of
the project to provide a Risk
Indication Score
Validating financial reports
to provide a Profit and ROI
Indication Score
Using reputable auditors
to track and continuously
monitor the business value,
revenue and profit.
Sharing the profit with
investors on monthly,
quarterly and annual basis as
per the campaign terms and
conditions
Facilitating the overall process and transferring the
ownership proofs between businesses and investors using
trusted and transparent methods built on Blockchain
THE TECHNOLOGY
Technology realization for the Blockchain API part consists mainly of:
1.The Smart Contracts: one of the main advantages of modern Blockchains since the introduction
of the Ethereum Blockchain, Smart Contracts offer the intelligence of representing ownerships of
assets (Asset Tokenization) and impose advanced conditions on the entities represented on the
Blockchain. For example, implementation of a Business Escrow wallets, time constrains, conditions
for investing, and external control (locking tokens, user agreements, etc.) - such conditions are
needed to operate campaigns in a way similar to Initial Coin Offerings (ICOs).
2.Multi-Sig Smart Contracts: another basic building block of the iOWN Platform and Ecosystem,
allowing for transactions to occur only if multiple parties unanimously agree upon actions or
transactions.
3.Oracles: an oracle in the Blockchain context is an external trusted entity entitled to overwrite
data in Smart Contracts based on previous conditions. In the iOWN platform, the Oracle will be
a consigner who controls all transactions of the Ecosystem, thus preventing malicious activity
and also confirming external actions (like audit reports and delivery of payments by iOWN
operations to the business).
ROADMAP
TEAM
CONCLUSION
Everything changes. We change, technology changes, objects and gadgets, computers and cellular providers change. The new one safely replaces the old one. And the world at the same time flies at a crazy pace, turning one sphere of our lives into another or making it modernization in a new and modern way.
Thank you once again for taking the time to read this article, and thank you a million times for your support of iOWNTOKEN.
For More Information
author:Chubylaw
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