The IDGO Project is a blockchain-based tourism and community economy for indigenous people.
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What is IDGO
IDGO strives to strengthen the economy and sustainable development of more than 7000 cultural communities across the globe.
The unique heritage of cultural communities is a treasure hardly recognized for its value. The masses yearn to visit their lands and yet the revenue from tourists is mostly taken away from them. IDGO project aims to create a blockchain ecosystem owned by the communities to get a hold of their economy and release their tremendous potential.
IDGO applies the blockchain technology on the issuance of the digital identity cards for indigenous people and the digital passports for tourists. The system offers indigenous people a self-sovereign identity. It also leads to the development of a decentralized credit system which meets the financial regulatory requirements of Know Your Customer (KYC) and Anti-Money Laundering (AML).
The IDGO’s e-Identity has two categories:
Exclusive Cryptocurrency that can be used in all trading activities within each community and its authorized stores or partners.
Some mainstream cryptocurrencies such as Bitcoin and Ethers are inadequate for applications due to their high transaction cost and long verification process. To overcome those disadvantages, IDGO allows a 2-way conversion between Community Tokens and KINWA tokens using the 2-way peg (2WP) technology based on the integration of Ethereum public chain and side chain. Transactions of Community Tokens are processed at high speed on the side chains with zero transaction cost. The system links Community cryptocurrencies with KINWA to ensure currency stability.
Based on the Self-sovereignty and Community Cryptocurrency mechanisms, IDGO develops various Social Finance services, including:
DetailsPre-sales: Mar 26, 2018 - Jul 16, 2018
Pre-sale token supply: 252000000 KINWA
Token supply: 100,000,000,000 KINWA
Soft cap: 20,000 ETH
Hard cap: 120,000 ETH
LegalBlockchain Platform: Ethereum
Country limitations: China, United States
Registration country: Samoa
Registration year: 2014
Token infoTicker: KINWA
Token standard: ERC-20
Token price in ETH: 1 ETH = 3,000 KINWA
Accepted currencies: ETH
20% - Reserve for development
80% - Community currencies issuance
68% - Marketing and Promotion
26% - Development
4% - Management
2% - Law Compliance
86% - Marketing and Promotion
11% - Development
2% - Management
1% - Law Compliance
Demand Survey and Market Analysis.
Planning and Prioritization, Interviews with Advisors.
e-Identity Solution Design.
Development of e-Identity Solution; Two-Way Peg Technology Design; Token Sale.
e-Identity Application in Orchid Island Release and Workstations Setup; Development on Two-Way Peg Technology.
Backend Development on Smart Wallet; Gift Card.
IDGO Official Service Release.
Feature Enchancement - Development on Social Credit & Merchat Certification.
Expansion of IDGO Service and Community Collaboration.