Decentralization giving power back in the hands of users via IOVO platform.
Premise:
When you share something on social media you will be the author, creator or owner of your content, data and information. You spend many hours on internet and at the end merely waste your time. All the centralized networks have been breaching your privacy, stealing your content and giving you nothing.
Data ownership holds lot more significance than one can even imagine. And one must not let others to use it without your permission no matter it’s a single word or your personal information, you can demand something (a reward or money) in return.
Keeping in mind the importance of above mentioned human value here comes the platform IOVO. IOVO is DAG based completely decentralized platform which believes that the people have been creating huge amount of data every day from all around the world. So by sharing, storing and transferring this data through IOVO the data ownership power will be back in the hands of users, encouraging the human value on internet.
What is IOVO?
So IOVO is Internet of Value OmniLedger.
Following are some features of IOVO platform.
IOVO is completely decentralized
It is based on (Directed acyclic graph) DAG
The network is transparent, secure and reliable.
Definitely Blockchain based
Like all others blockchain based networks IOVO is also Token based (crypto currency) and provide its users with a digital wallet.
Smart contract is used for all the transactions on IOVO platform.
IOVO is user friendly and very easy to use.
What IOVO does?
IOVO is a platform used for the creation of decentralized Apps (DApps) where users will get rewarded for every single activity he/she does. It is an open network database in order to store, share and transfer data on digital world.
Good news for the DAPP developers:
Any can generate any type of DApp but the theme would be different from the existing one, because here every user is getting paid.
Once you uploaded your data, other users will pay for even for reading it, browsing it and sharing it.
Good news for the DAPP owners:
Apart from creating brand new DApp, IOVO offers the opportunity to all DApps owner to integrate existing Apps with the IOVO network and get benefit themselves and also for their users.
Good news for entire globe:
IOVO network respects human value and also accept the fact that every person must have equal rights while getting the benefits, so people from all over the world can get benefit from IOVO either by becoming the DAPP owner or the users. No matter from where you belong, join the IOVO and get rewarded for sharing your data.
How to share data and what type of data?
You might be thinking that what type of data one must create, share or store in order to get reward or money (in the form of tokens)? The answer of this question is imagine using Facebook and uploading videos on YouTube but getting reward as well. This is how IOVO works. Share whatever you want and you will be rewarded based on the people demanding/ browsing your content. Here is a protip; if you want people to share or demand your data create something interesting or more informative.
However, user will have no access to other’s user data without the permission of original content creator.
DApps created on IOVO:
IOVO network has already engaged plenty of users and DApps developers as well. Number of DApps have already been created so far. Some of them are influnomy (get paid for advertising about any place/ brnad or restaurant on social media), DROPP (get rewards by attaching personal photos on map at actual location where photos have been captured), Flatty (divide bills among roommates, or get rewarded for sharing your flat via IOVO), IOVOBanks and much more. Visit the website for more details.
IOVO basis:
There are two basis of IOVO network:
IOVO analytics and IOVO database. As IOVO will serves as the largest database in that particular area of field.
Reasons to create IOVO:
There are two major reasons to create IOVO:
Just like its basis, IOVO is created for two major reason, first one is to give power back to the data owners. Users will have complete control on how their data is being used and by whom? Plus get rewarded.
Second reason for creating IOVO is the data is dispersed on different places, there is a dire need of gathering that data into one single platform where there will be no misuse and analysts and researchers of any field will be able to share, utilize and store data in the most secure way ever possible.
To whom the IOVO satisfies?
IOVO satisfies the following:
- Users
- Dapp owners and developers
- Data researchers and analysts
- Companies and brands.
- Advertising agencies.
The token:
As mentioned above, it is based on crypto currency, a token is also created for IOVO named as “IOVO”. This token can be used for all the transactions and rewarding system. Users will get their benefit in the form of this token. The hardcap for IOVO token has been set at 30 million USD. The IOVO token are on sale at the price of ** $0.12 per Token **, but only ETH and BTC are being accepted at that moment. However the network has created 1.000.000.000 tokens for the platform. Every user will get a digital wallet in order to access his/ her rewards, tokens, transaction. Moreover, this wallet will also be the door to the IOVO world as well.
If you are more interested and want to grab your tokens all the important links have been mentioned below. Join the network and thank me later. However IOVO has planned to launch the completely operational network by the end of year 2019. Till then purchase your tokens and wait for the magic to happen.
Website: http://iovo.io/
Whitepaper: http://iovo.io/assets/whitepaper.pdf
Telegram: https://t.me/iovoledger
Facebook: https://www.facebook.com/iovoledger/
Twitter: https://twitter.com/iovoledger
Medium: https://medium.com/@iovoWebsite
ANN thread: https://bitcointalk.org/index.php?topic=4509519.0