The rise of Bitcoin as a decentralized currency ushered in a new era for financial services, the era of Investa. Let us begin.
Investa; Everything You Need to Know About the Banking Ecosystem.
In the past couple of years, national and global financial services have been controlled by two central bodies, banks and the government. The rise of Bitcoin as a decentralized currency ushered in a new era for financial services, the era of Investa. Let us begin with the first question on your mind;
WHAT IS INVESTA?
Investa is expected to be run has a private enterprise with the goal of creating value for coinholders and users. The platform will seek the opinion of its users to reach a consensus on how to optimize the products. To this effect, an ICO is being conducted to raise funds and give other users the opportunity to be part of this journey.
The transparency promised by Investa extends beyond the open source coding. There are other ways it guarantees transparency without compromising community control. One of such ways is by getting an accountancy firm to do a third-party audit and report to the community.
Furthermore, the founders won’t be allowed to liquidate their INV at a rate that exceeds 20 percent of the total pool within the first year. This is an effective way of preventing dumping and keeping the price of the token stable. It also ensures that their long-term interest is aligned with that of the INV community. Other measures taken to ensure transparency include;
• Reserved token crowdsale funds will be accessible only for liquidity or community reward
• Smart contract voting will be used to seek community approval on coinholding and consensus
Finally, coinholders will always have access to the core team behind the project through multiple channels such as, Twitter, Telegram and Slack.
THE INVESTA BANKING UNIVERSE
The Investa banking universe offers a lending platform that gives you an easy access to your account dashboard. You’ll also have access to an e-wallet, debit cards, internal transfer, exchange and remittance services. Let’s explore some of these services, shall we?
Investa e-wallet
Investa’s e-Wallet was developed on the Ethereum platform. As such, it is ERC20 compliant. The developers made use of an open source decentralization nodes to make sure;
• Transactions are confirmed quickly
• Risk is minimized
• Increased security
• Bypassing third parties
The e-Wallet was designed to hold user’s cryptocurrency and allow a seamless switch between fiat and crypto currencies. Also, ninety five percent of user’s crypto-assets would be stored in an offline multi-sig wallet and only five percent will remain online. This is to enable a faster deposit and withdrawal experience.
Investa Exchange
Investa exchange was created to address some issues associated with existing cryptocurrency exchanges. These include;
• High trading fees
• Asset security issues
• Real time trading difficulties
The average trading fees charged by most exchanges is between 1-2 percent. Furthermore, users get to pay more when they deposit and make withdrawal in fiat, not to talk of the slow processing time. With Investa’s e-Wallet, that is not the case.
To enable traders maximize their profit, a trading fee of 0.5 percent is charged instead of the traditional 1-2 percent. What’s more, it can process as much as one thousand orders per second through the real-time trading experience.
Apart from the INV coin and the future “Investa Launchpad” coins and token, the investa exchange is expected to support other cryptocurrencies which include;
• Bitcoin
• Bitcoin cash
• Dash
• Ethereum
• Litecoin
• Monero
• Ripple
• Zcash
The exchange also supports a wide variety of fiat currencies and languages.
All the services outlined above will easily be accessible on the web interface. Also, apps that have similar functionalities as the wen interface will be made available on the Android and iOS platforms. These apps will be made available on Google Play and App store soon.
THE INVESTA TOKEN
There is a minimum threshold amount that is required for token crowdsale to be complete. So, the ICO is expected to have a series of cap levels. The soft cap is 1 million and the hard cap is 30 million. That means, if the crowdsale does not reach this target, funds received during this event will be returned to the wallet.
However, if the soft cap is exceeded, but the hard cap is not met, the unsold tokens will be reserved for market liquidity support. Finally, any fund received after reaching the maximum cap of 50 million tokens will be returned to the sender.
The Token Distribution
The maximum coin supply is 50,000,000, in which 20 percent of the token will be used for the ICO sale. Forty percent of the INV token was allocated for the ICO. The INV community will receive 10 percent of the token and another 10 percent will be used for reserve. With liquidity reserve receiving half of the 10 percent.
The ERC 223 token standard means that it is an Ethereum based smart contract token which goes at the base rate of 1ETH = 2.158 INV.
Here is how the fund is expected to be distributed. The largest percentage of the fund (40 percent), is supposed to be used for research and development. Ten percent of the fund goes to legal and another 10 percent for marketing. The team published that they would be using 17 percent of the fund for acquisitions, while the last 20 percent goes to OPS.
The ICO is expected to last between three to four months.
HOW TO BUY THE INVESTA TOKEN
The initial token presale is expected to take place between 1 May, 2018 and 30 June, 2018. All you have to do is visit the website to register for the token presale. This will ensure that you receive a notification about the opening of the event.
After this initial token presale, it gets easier to open an account on the website. You can simply use an existing Ethereum wallet at anytime of the day and anywhere. After the ICO, coin-holders will be able to buy and sell coins on exchanges.
Users can trust a state of the art cryptography and the integrity of the blockchain technology to keep their transactions secure.
Sources
Website: http://investaco.in/
Whitepaper: http://investaco.in/assets/pdf/White_Paper_Ver_1-6.pdf
Twitter: https://twitter.com/investaco_uk
Facebook: https://www.facebook.com/InvestaUK/
Instagram: https://www.instagram.com/investacoin_uk/
Telegram: https://t.me/INVESTACO
Ann Thread: https://bitcointalk.org/index.php?topic=3168762
Authored by: gbenga88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874687
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4