Improving Lives Through Technology
Invech Cryptocurrency Exchange is a cryptocurrency exchange spearheaded by Invech Group. Our platform IV token runs on the Ethereum network. Invech Group is licensed and endorsed by the government of Timor Leste to carry out and regulate, blockchain and cryptocurrency related operations such as exchange, ICO, mining, consulting and others. We aim to make Timor Leste the world's first Blockchain Smart City and bring development to the post-war country.
About Invech
Invech Cryptocurrency Exchange is a cryptocurrency exchange spearheaded by Invech Group. We have our own platform tokens called Invech Coins or IV which runs on the ERC20 platform. Licensed and endorsed directly from the Timor Leste Government, our license covers the whole blockchain and cryptocurrency framework, including cryptocurrency exchanges, ICOs, mining farms, blockchain solutions and etc. It is also the first blockchain /cryptocurrency service coming out of Timor Leste.
The Democratic Republic of Timor-Leste, or East Timor in English, is the 1st New Sovereign State of the 21st century. It is located in Southeast Asia, with a population of around 1.3 million. Sharing borders with Indonesia, the sovereign state comprises the eastern half of the island of Timor and several other nearby islands. The country restored its sovereignty in 2002 after the Indonesian occupation. Timor Leste’s decades-long independence struggle against Indonesia impaired much of its economic infrastructure, reducing it to Asia’s poorest country.
Today, they are still rebuilding and rectifying the preindependence adversity. And Invech hopes to be the channel for the people of Timor Leste to enhance and transform the economy status. Thus, creating a sustainable economy, and at the same time a tech savvy and advance, blockchain nation.
Project Type Token
Platform Ethereum
Symbol IV
Max Supply 500,000,000
Primary Sector Finance
Jurisdiction Timor-leste
Distribution
Post-IEO Platform 150,000,000 IV 30.00%
Founding Team 100,000,000 IV 20.00%
IEO Phase 2 100,000,000 IV 20.00%
IEO Phase 1 75,000,000 IV 15.00%
Timor Leste - Invech Foundation 50,000,000 IV 10.00%
Airdrop and Marketing 25,000,000 IV 5.00%
Milestones
May 2017 Idea and core team formation
Oct 2017 CIDA Holdings Limited (HK) invests
Nov 2017 BBM Blockchain Indonesia invests
Feb 2018 1st meeting with Timor Leste government
Mar 2018 SMID (CN) as advisor
Jun 2018 Acquired cryptocurrency exchange license from Timor Leste government
Jun 2018 MOU signing with BBM Blockchain Timor - MWII (CN)
Jun 2018 Nasdaq listed company to invest US$ 20,000,000 at pre-sales
Jul 2018 Roadshow Commencement
Oct 2018 Publicity Campaign in Hong Kong
Oct 2018 Signed MoU with MAPEM (Malaysia Economic Development Council)
Dec 2018 Invech Public Listing on OTC, Invech Consultancy
Dec 2018 Invech Loan Management System for Timor Leste
Jan 2019 Invech Exchange Offering (IEO), Full Official Launch with Fully Operational Exchange Platform
Feb 2019 Crypto ATM
Our company with the right people and the proper government support from Timor Leste and others will succeed as we aim to make Timor Leste the top destination for cryptocurrency and blockchain startup and investors.
Invech have in-hand a wide coverage of licenses in Timor Leste which include: Providing full blockchain and cryptocurrency framework, crypto currency exchange, regulating ICO, crypto mining, blockchain consultancy and more: such as engineering, logistics, hotels, casino and others.
Invech is also appointed by MAPEM (Malaysia Economic Development Council) to provide consultancy to the government on blockchain related matters and is growing quickly and improving bilateral relationship between countries through blockchain projects.
Investors who buy IV token during Initial Exchange Offering will enjoy up to 20% discount from the list price of IV token. Owner of IV tokens will receive up to 60% discount when trading on Invech Cryptocurrency Exchange in the IV Market.
Our team members come from different background and specialization - Our global team is from Malaysia, Hong Kong, Timor Leste and China. We recruit only those who are competent and aligned to our goals. Most executive and management are vouched by industry leaders.
Regulatory risk - New regulation introduced that may not be aligned to our business model. Invech provide consultancy to government of Timor Leste on regulating crypto and blockchain.
Security - In today’s digital world, businesses can build instantly crippled by a loss of data or data theft. However, we are on par with ISO 27001 Information Security Management System and is working towards certification in 2019.
Technology Risks - New technology may replace current existing. As such, we have a strong technical team led by a credible CTO.
Business Risks - When any company tries something new and innovative there is always risk involved.
Adoption risk - As the blockchain is still relatively new for many parties, there would need a need for education, awareness and training. This risks can be addressed through collaboration among public and private sector.
LINK:
Website: https://invech.io/
White Paper: https://tokensale.invech.io/documents/ieo-whitepaper.pdf
Telegram: https://t.me/InvechOfficial
ANN thread: https://bitcointalk.org/index.php?topic=5052844.0
Posted by:
enuy007 https://bitcointalk.org/index.php?action=profile;u=2430891