English name of Token: IOTA
Ticker of Token: IOTA
Chinese name of Token: 埃欧塔
Country of Incorporation: Germany
Investors: RBVC(Robert Bosch Venture Capital)
Industry & Facts & figures:
Taipei municipality and the IOTA Foundation teams up on Taipei's Smart City Living Lab initiative together with @biilabsrocks to make Taiwan's capital a leading smart city. IOTA Data Marketplace; Madrid Internet of Things Institute; IOTA selected by Tokyo Metropolitan Government Program.
Description of the project:
Iotais a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind,?Iota?is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.
The number of connected devices that will permeate our modern landscape in the coming decade is estimated to be 50 billion. Each of these are designed to make the world a better and more seamless place for us. Tied to this fantastic promise are of course a ton of obstacles to be overcome, of which one major one is micro-transactions. These connected IoT devices must be able to automatically pay miniscule amounts to one another in a frictionless manner without having to compromise on product design by introducing additional hardware. This is why Iota was conceived.
While it was developed as a solution to scalability issues faced in IoT, the underlying protocol is agnostic and can be applied in any other use-cases that utilize micro-transactions.
In order to achieve these audacious goalsIota’s design diverged radically from blockchain cryptocurrencies. It still retains the core principle ideas of the distributed consensus blockchain, but in order to be able to scale to the size of the coming Internet-of-Things ecosystem with tens of billions of devices that are connected to each other, it needed to be very lightweight and efficient. This problem is solved by Iota’s core innovation: the tangle.
Total available supply: 2,779,530,283,277,761 iota
Tokens in circulation: 2,779,530,283,277,761 iota
Pre-sale start date: N/A
Pre-sale amount: N/A
Pre-sale price: N/A
Public sale start date: November 24th 2015 - December 20th 2015
Public sale amount: $434,000≈1337BTC
Public sale price: 1 MIOTA≈$0.00015
Token distribution: None of the token supply was allocated to developers/founders, the community decided to support the project’s vision by donating a significant amount of resources in order to establish the non-profit “IOTA Foundation” registered in Germany. " The foundation currently holds just 5% of the total supply.
Current Token Sale: N/A
Team：Most important members of the Foundation are David S?nsteb? (IOTA founder), Dominik Schiener, Serguei Popov (Mthcl) and Sergey Ivancheglo (Come-from-Beyond).?
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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