BUZ INVESTORS PRESS RELEASE Internet of Coins Raises $1 Million Internet of Coins (IoC), a Holland-based not-for-profit project aimed at the development

Internet of Coins Raises $1 Million Without Venture Capital as Crowdfunding Campaign Exceeds Expectations

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Dutch non-profit digital finance company Internet of Coins has raised over $1,000,000 (USD) in crowdfunding contributions as the campaign continues to exceed expectations.

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BUZ INVESTORS  PRESS RELEASE  Internet of Coins Raises $1 Million  Internet of Coins (IoC), a Holland-based not-for-profit project aimed at the development of decentralized, open and accessible digital wallet for personal finance is delighted to announce its successful crowdfunding campaign. The campaign started on March 21, 2017, has raised over $1,000,000 (USD) since its launch. Internet of Coins aims to provide the world with financial freedom, through blockchain evolution.

In cooperation with the Dutch NLnet Foundation and the Commons Conservancy, the Internet of Coins project is developing a wallet infrastructure to connect all blockchains together. The system can work with different forms of digital value and smart contracts. Two months ago, the worldwide campaign started to raise funds to develop new technology for the decentralized storage and exchange of value. The Dutch SIDN Fund later provided a grant for initial development.

The founder of Internet of Coins, Joachim de Koning, outlines the company’s interest in cryptocurrencies, stating,

Internet of Coins Raises $1 Million

 

“We are realizing a robust web for personal finance, to create connections between existing decentralized economies such as Bitcoin, Ethereum, Bitshares and the New Economy Movement. We are building an inclusive system, and would like to see any cryptocurrency become part of this open network. All code is, therefore, free and open source.”

The Internet of Coins contains a ‘transactional operating system’ that unifies digital value platforms like Bitcoin. The crowdfund proceeds are used to fund the development team and set out bounties. The campaign has a donation model, to guarantee the independent nature of the project. Within only the first four weeks of the crowdfunding, the campaign exceeded the initial goal of $300,000, donated over seven blockchain platforms. The crowdfund runs until the 21st of June 2017.

De Groot goes on to offer some specifics about the project and its intentions, stating,

“With our system, we aim to provide autonomy in personal finance. We want to mitigate the risks that are currently involved in cryptocurrency transactions. Which is why we are developing an environment that makes financial transacting as easy and safe as sending an e-mail. As a peer-to-peer system, we intend to make Internet of Coins the BitTorrent for cryptocurrencies and smart contracts.”

The company’s partnership with the NLnet Foundation enables Internet of Coins to remain a neutral and nonpartisan actor in the blockchain world. Previously supported projects are the TOR project, WebODF standard, and the No-Script browser plugin. The team has given presentations at several international conferences at Amsterdam, Brussels, London, and Kiev. At the A-Lab in Amsterdam, an alpha version of the wallet and transactional operating system was demonstrated live.

Crowdfunding Campaign

Internet of Coins is held accountable to how collected funds are being used by the appointed sequestration organization, the NLnet Foundation. Every payment, whether regular or bounty, must be requested before funds can be spent, to safeguard the financial situation of Internet of Coins, and to make sure developments can proceed in a steady and orderly fashion. In this way, all funds vested by crowdfunding participants are legally and procedurally safeguarded.

The Internet of Coins team has put down several scenarios based on the success of its crowdfunding campaign. To read up on the specific scenarios, users can utilize the slider bar on the company’s crowdfunding website page.

The tokens distributed for the Internet of Coins project are called HYBRID. These tokens will be made available initially on seven different blockchain ecosystems simultaneously, namely Bitcoin (BTC), Ethereum (ETH), CounterParty (XCP), NXT Platform (NXT), New Economy Movement (XEM), Waves Platform (WAVES) and Bitshares(BTS).

There will be a maximum of 1000000 (one million) tokens available in each ecosystem. During the crowdfund 900000 (nine hundred thousand) of these tokens will be offered to those taking part. A maximum of 100000 (one hundred thousand) tokens will be reserved for crowdfunding reward payouts.

As the crowdfunding campaign proceeds, the price per HYBRID token will increase over time. Once the fundraiser is over, tokens will not be subject to inflation other than the moments when HYBRID is expanded to new blockchains.

HYBRID price increase schedule

21st of March 2017 – campaign opening – USD 1.00
28th of March 2017 – checkpoint alpha – USD 1.25
9th of May 2017 – checkpoint beta – USD 1.45
19th of May 2017 – Checkpoint Charlie – USD 1.65
29th of May 2017 – Checkpoint Delta – USD 1.85
8th of June 2017 – checkpoint echo – USD 1.925
18th of June 2017 – checkpoint foxtrot – USD 2.00

In the event that not all tokens are sold in the crowdfund, the community has opted for a proof-of-burn to ensure the value of HYBRID tokens and protect it from the effects of inflation.

Those interested in becoming part of the Internet of Coins movement can take part in the ongoing crowdfunding campaign here.

Buz Investors Internet of Coins Internet of Coins (www.coinstorm.net) will launch their fundraiser on the OpenLedger Decentralized Conglomerate (DC) on March 21st 2017,

Groundbreaking Crypto Start-up, Internet of Coins, Launches Fundraiser on OpenLedger DC

Groundbreaking Crypto Start-up, Internet of Coins, Launches Fundraiser on OpenLedger DC

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Buz Investors Internet of Coins Internet of Coins  will launch their fundraiser on the OpenLedger Decentralized Conglomerate (DC) on March 21st 2017, in celebration of the first day of spring. Until the launch, investors can join the early bird offer and receive a 5% discount.

Essentially a wallet, Internet of Coins is a secure way to store cryptocurrencies and smart contracts, and trade them without centralized exchanges. With an easy-to-use interface to manage multiple coins and assets, users of Internet of Coins need no advanced technological knowledge to work with cryptocurrencies. Furthermore, the platform acts as an interface to smart contract systems, decentralized communications, and distributed notary functions.

Existing wallets will need no changes or adaptations to have their blockchains and value systems connected to this decentralized network.



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Internet of Coins Internet

Internet of Coins gives users the option to exchange currencies with anyone in the world, without dependency on a centralized third party. Compatible with every currency available, users can receive, send and swap, making fluid trades of value from and to any blockchain available.

The official token of the Internet of Coins platform, termed HYBRID, serves two main purposes. First, it provides a coherent store of value across multiple blockchains, diversifying risk. Second, it serves as the vehicle to swap value between the different chains they are registered on. This will allow users to exchange value without the need for a centralized external third party.

HYBRID tokens will be freely tradable after July 1st, 2017.

Joachim de Koning, Founder of Internet of Coins, explained, ‘From July 1st 2017, we will release the tokens to fundraiser participants. Tokens will be released on the user’s blockchain of choice. Due to the hybrid nature of the token, it can be used on multiple blockchains.’

‘We are inviting people to join us for our Livestream event, http://bit.ly/2mLX9eX, on March 20 at 6pm GMT where we will be presenting our platform and answering questions.’

The idea of Internet of Coins was conceived during the summer of 2014. It aims to create a decentralized, self-sustaining economy by implementing inter-blockchain connectivity.

De Koning continued, ‘Our goal is to make every cryptocurrency autonomously part of a large swarm of decentralized economic activity. We want to do this by enabling every cryptocurrency user to create hybrid assets that interconnect value systems and blockchains. The source code to make this possible will be open source, non-commercial and freely available, to enable the impartial establishment of the Internet of Coins.’

Ronny Boesing, CEO of OpenLedger, says, ‘The Internet of Coins is a great way for interlinking all digital forms of value in one place. Because you can swap digital assets and currencies, peer to peer, you also have the incredible opportunity to earn fees by participating. What we also love about Internet of Coins is the ‘easy to use’ interface which allows users existing wallets to be adapted with no changes or adaptations. In my opinion, this innovation is a need-to-have tool for crypto traders.’

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The Internet of Coins developers are launching the construction of an inter-systemic and cross-blockchain token called a ‘hybrid asset’.

Internet of Coins Launches Hybrid Asset on Multiple Blockchains

The Internet of Coins developers are launching the construction of an inter-systemic and cross-blockchain token called a ‘hybrid asset’.

The Internet of Coins developers are launching the construction of an inter-systemic and cross-blockchain token called a ‘hybrid asset’.

Buz Investors Internet of Coins This token allows for the transfer of value between ledger systems without the need to update or adapt existing cryptocurrency source code. The not-for-profit organization has announced a crowdfunding to start on the 21st of March 2017.

In their presentation on Bitcoin Wednesday at A-Lab in Amsterdam, the team showed a live demonstration of the transactional operating system and its graphical user interface which powers this novel blockchain technology.

The team has been developing the code for the project since their whitepaper release in 2014. Recently they announced their launch campaign under the name Coinstorm, looking to ignite a revolutionary collaboration among cryptocurrency enthusiasts to further decentralize the alternative economy scene.



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Internet of Coins

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Joachim de Koning: “Our goal is to create a coherent whole out of the decentralized economy initiatives we see today. There are more than a few decentralized exchange initiatives out there that we are bonding together to form a decentralized financial web.”

Robert de Groot: “With this system we aim to make everyone an exchange, to take away the risks of trusting a centralized third party and to connect alternative economies across geographical borders. Exchanging value should become as easy as swapping files; we aim for Internet of Coins to become the Bittorrent of cryptocurrencies and asset systems.”

Hybrid assets function as a dynamic portfolio, spreading the risk from holding value on a single blockchain to storing it on multiple chains. Technical an economic risks are diversified over the value systems that these assets run on. The design has a strong meta-level approach, and offers those who seek safety from volatility and blockchain failures a new vehicle to store their value.

The founders expect that the distribution of hybrid assets will ultimately lead to an increase of liquidity on the decentralized exchanges, and more interconnectivity of the different cryptocurrency systems that are all implementing their own take on what decentralized value is and how it should work.

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