Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic, the advent and growth of the cryptocurrency tokens has opened up a new opportunity to participate in the wealth created by the progress of technology. Tokenization will allow people of all professions and social conditions to share the value created by a new protocol.
For that, the project I'm going to present you is Inbot (InToken), a global community of over 46,000 ambassadors in 161 countries that creates a cryptocurrency for business referrals and introductions.
Definition and goals
As I said, Inbot Ambassador (https://inbot.io/) is an AI-driven platform for trusted presentations designed to develop an autonomous organization that manages business with AI, implements fair and transparent community rules with intelligent contracts in the block chain, and pays members symbolic dividends of the value that is being created.
The global ambassador community helps you build trusting relationships with your clients, beginning with a warm introduction to those responsible for making the right decisions. In addition, Inbot Ambassador is a global community of people that presents companies to business customers.
Feature Description InTokens It is a cryptocurrency for trusted business references. InTokens makes referral rewards easy for everyone. Companies buy InTokens to reward you for their help. InShares It is a personal retention contract that pays tokens at regular intervals. They can not be negotiated or transferred. They make you a shareholder in the success of the platform. InShares pays symbolic dividends over the next few years, so they are a source of long-term income. InScore It is your private dividend multiplier that increases each time you make a successful introduction, or when one of your referred friends makes your first introduction.
The ecosystem InShare & InToken Token includes the underlying technology and smart contracts that govern the issuance and distribution of InTokens and InShares. These are smart contracts compatible with ERC20 and ERC223 that run in the chain of Ethereum blocks, designed to optimize simplicity, efficiency and safety.
The InToken contract manages balances, withdrawal approvals and token transfers for each address. The contract is adherent to the Bancor protocol and eventually implements the Bancor version of ERC20 Smart Token.
The Inbot Mediator Gateway contract manages the introduction process and assigns symbolic rewards. This is the contract that runs the business on the Inbot Ambassador platform.
The InShare contract manages the balances of the INS property of each INT address. It also manages the issuance of INTs from InShares. The contract implements the ERC20 standard but is not active as a negotiable token. This means that all transfers and approvals will eventually fail unless we decide to lift the restrictions on InShares.
The InScore contract manages the amount of dividends paid to the INT address for each InShare it has. The purpose of this contract is to reward active community members who generate trust and eliminate spammers from the community making it impossible for them to benefit from spamming.
The project gives the opportunity to earn Inbot Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=4491261.0), where you can access the link in order to see what are the conditions to become an early InTokens contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://docs.google.com/document/d/12siRqjuHIHelPS-NaVVZxnq4AJ1hGlDXoGo6DeVw51U/edit). You can also stay tuned in their official Telegram Channel (https://t.me/intoken). I hope you liked the post and soon I'll send you new ones.
Token Description InToken is a utility token that runs in the Stellar blockchain and that companies use as a reward for presentations to customers. InTokens can be negotiated in cryptocurrency exchanges. It is a cryptocurrency for trusted business references and makes referral rewards easy for everyone. User do not have to think about contracts, wire transfers or where they pay you. The Inbot Ambassador platform takes care of everything.
Price in ICO: 1 InToken = 0.01 EUR
Tokens for sale: 5,800,000,000
Year Business Development 2014 - 2016 Starting People Graph AI was first drafted in 2014, and had evolved to its current form by 2016. A total of $3M in seed funding was raised for the AI development from a global network of angel investors. 2017 First 10 Vendors acquired, and the business model validated. Ambassador community founded and grown to 2,500+ members by December. Ambassador Wallet beta launched. People Graph AI search engine launched with 5.7M contacts. Q1 2018 ICO started. Hiring of COO completed. Launch Partner Program kickstarted. Community grows to 50,000+ members. Purchase InTokens from the Wallet. Enable companies to purchase InToken vouchers from the Wallet. Q2 2018 Complete the ICO. Grow the community to 80,000+ members. First listing in crypto-exchanges. Tens of new vendors. Vendor accounts with self-service intro rewards. Intro flow process automation. Enable manual trusted contacts management from the Wallet. Q3 2018 Add tens of new Vendors. Grow the community to 120,000+ members. Launch decentralized referral program widgets in private beta. Start development of mobile app wrappers. Q4 2018 Add tens of new Vendors. Add localizations to the Wallet and the Intro flow. Grow the community to 160,000+ members. Launch rewards and referral program widgets. Launch mobile apps. Q1 2019 Add tens of new Vendors. Introduce InShare buyback rules and regulations. Grow the community to 200,000+ members. Automated referral suggestion delivery from People Graph AI to the Wallet.
Email: [email protected]
Telegram username: @clauming
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
We burned 1 billion InTokens today from our reserve account. That's over 28% of the total supply. We want to make sure that the value of your tokens stays steady and in good health over the coming months and years. You can trade InToken on StellarX: https://www.stellarx.com