Internet of Coins has launched its fundraiser on the OpenLedger Decentralized Conglomerate on March 21st 2017, in celebration of the first day of spring. Essentially a wallet, Internet of Coins is a secure way to store cryptocurrencies and smart contracts, and trade them without centralized exchanges. It allows management of multiple coins and assets; furthermore, the platform acts as an interface to smart contract systems, decentralized communications, and distributed notary functions.
Existing wallets will need no changes or adaptations to have their blockchains and value systems connected to this decentralized network. Internet of Coins gives users the option to exchange currencies with anyone in the world, without dependency on a centralized third party. Compatible with every currency currently available, users can receive, send and swap from and to any blockchain available.
The official token of the Internet of Coins platform is termed HYBRID. It provides a store of value across multiple blockchains and serves as the vehicle to swap value between the different chains they are registered on. HYBRID tokens will be freely tradable after July 1st, 2017.
Joachim de Koning, Founder of Internet of Coins, explained: ‘From July 1st 2017, we will release the tokens to fundraiser participants. Tokens will be released on the user’s blockchain of choice. Due to the hybrid nature of the token, it can be used on multiple blockchains. Our goal is to make every cryptocurrency autonomously part of a large swarm of decentralized economic activity. We want to do this by enabling every cryptocurrency user to create hybrid assets that interconnect value systems and blockchains. The source code to make this possible will be open source, non-commercial and freely available, to enable the impartial establishment of the Internet of Coins.’
Ronny Boesing, CEO of OpenLedger, said: ‘The Internet of Coins is a great way for interlinking all digital forms of value in one place. Because you can swap digital assets and currencies, peer to peer, you also have the incredible opportunity to earn fees by participating. What we also love about Internet of Coins is the ‘easy to use’ interface which allows users existing wallets to be adapted with no changes or adaptations. In my opinion, this innovation is a need-to-have tool for crypto traders.’