The growth of the distributed ledger technology otherwise called the blockchain technology over the years didn’t come as a surprise because it has relevant tools that would drive its massive adoption, which also translates to more applications of the technology in manner aspects of the global economy.
Many companies that are interested in facilitating the use of the technology and the underlying digital assets have in recent years, devised many strategies to bring the use cases to more places. This trend culminated in the introduction of another of such platforms, called Invech .
Invech –More than a Blockchain Platform
You would be forgiven to regard this project as one of those platforms that hinge on blockchain to gain massive adoptions. Contrary to this is the fact that Invech has tailored solutions that would drive the cause of cryptocurrencies and blockchain in the anticipated market in Timor Leste. This would mark the beginning of a new technological era for the region, because Invech has a variety of proposals to drive its cause across many categories of users, such as the unbanked. Hence, Invech is more than a blockchain platform but is a platform that has an idea of the financial problems facing Timor Leste, and has robust solutions for them.
The Blockchain Smart City
At the core of the proposals by Invech is the institution of a blockchain smart city, which would integrate a range of solutions to enhance the operations of the technology in the target area – Timor Leste. Interestingly, the government of the region had endorsed and issued a license of operation to the Invech Group, thereby, legalizing its operations in Timor Leste and other supported territories.
Timor Leste Floats its Cryptocurrency
In the light of the sidekicks by governments and financial institutions against the introduction and later on, the use of cryptocurrencies as a legal tender of a sort, it couldn't have been imagined that these assets would later gain prominence as they now have. Taking the niche further is the proposed launch of the Invech Coin with the ticker IV, as the first recognized cryptocurrency in Timor Leste. This is coming on the heels of the fact that the region doesn't have a recognized legal tender, but rather makes use of the United States' Dollar (USD) for transactions in the last two (2) decades.
The launch of the Invech Coin (IV), which also serves as the auxiliary currency for the region pending the printing of its main legal tender, would help in cutting down inflation in the already poor country. Invech also has plans to delegate 10% of the generated funds to the country to help in keeping the economy afloat.
The Invech Blockchain Use Cases
The Invech Group, which initiated this project, also has plans to implement the blockchain network on a variety of use cases, including healthcare, education, finance, and retail/supply chain. The Invech blockchain network and cryptocurrency would also be applied in the e-commerce, remittance, public transportation, payment gateways, media, and hospitality of Timor Leste.
Funding SMEs
Invech also has plans to offer soft loans to Small and Medium Enterprises (SMEs) in Timor Leste, which would help them to kick-off operations. The loan would be facilitated through the Loan Management System (LMS) and would be funded through the Invech cryptocurrency exchange.
Token Sales Information
Token Name: Invech Coin
Ticker: IV
Platform: Ethereum
Role of Token: Utility
Exchange Rate: 1 IV = $0.4 USD
Soft Cap: $24 million USD
Hard Cap: $60 million USD
Country of Registration: Timor Leste
Not Participating: North Korea, China, Cuba, Iran, Syria, and the US
Invech Exchange registration page Preview
Final Thoughts on Invech
As more blockchain-based projects continue to spring up on a daily basis, the crypto community on its part keep hopes alive waiting for the prospects of such projects. Invech is a project that through its proposed features, highlight the financial problems in Invech, and has a variety of solutions to solve them.
Below are some useful links for this awesome project
🔗 website
🏅 IEO
♻️ Exchange
📖 Whitepaper
⚛️Telegram Indonesia
🌐 Telegram Official
🕎 Bitcointalk ANN Thread
Writer's info
Bitcointalk username: deodivine1
Profile URL : https://bitcointalk.org/index.php?action=profile;u=1390292
My Invech ref link : http://ieo.invech.io/register?u=350