IUNGO will create an open source solution which enables anyone to provide Global Wifi Network and start earning. For users, it means simple, fast internet access Worldwide.
2. A PUBLIC CRYPTO
ECONOMY THAT DELIVERS
UBIQUITOUS INTERNET
ACCESS TO ITS
PARTICIPANTS THROUGH
THE TOKEN-GOVERNED
COMMUNITY OF HOTSPOTS
3. THE PROBLEM:
INTERNET ACCESS IS A
BASIC NEED BUT IT DOES
NOT HAVE A PUBLIC
DOMAIN VERSION.
As human society develops, the essential needs such as fresh
water become almost guaranteed. Those are the
governments, nonprofit organizations, and, not rarely, private
corporations whose efforts target the accessibility of such
resources.
The "right to internet" or "freedom to connect" is a 15-year-
old movement. For over a decade, several giant companies
keep reporting on their plans to cover the planet with
stratospheric balloons, nanosatellites, etc. However, the status
quo has not changed much.
4. THE SOLUTION: A
SWARM OF HOTSPOTS
• Whatever new types of carriers may arrive (air balloons, for
example), such solutions will remain monopolistic. Thus,
WiFi is likely to remain the only feasible technology for a
fair solution.
• As examples of pseudo-p2p services such as Airbnb or
Uber show, their approach decreases prices insignificantly
at a cost of monstrous monopolisation and conflicts at
many business and social levels. The network must belong
to no one to serve the purpose.
• An open source software that utilizes a blockchain for a
"self-running accounting" and runs a no-entry-barrier
community of hotspots is a workable solution. An ERC20
token will create a closed loop of incentives between hosts
and users.
5. HOW IT WORKS
1Free installation
A host with a landline can deploy any modern
WiFi router, no firmware updates needed
2Immediate public availability
System participants start paying tokens to the
hosts’ token wallet
3Pricing at the discretion
No central governing body, supply and
demand forces at play
4No royalties, no obligations
Large stake holders promote the system for
the sake of token price growth
5 Open markets for the token
Earned money can be converted at multiple
exchanges
6 No censorship
The system will spread to free parts of the
world where no-KYC hotspots are allowed
7 No critical mass problem
Frequent travellers and crypto enthusiasts will
fill the «empty room»
8 Open for crypto integrations
Other DApps may be synergetic and multiply
the user base
6. We build not a vertically integrated solution but a smart
middleware. Unlike most of the crypto projects that have
emerged lately, IUNGO is a natural fit for what the blockchain
technology got in its chest. The system will be 'politically'
decentralized since there is no point of central governance or
single manufacturer dependance. It will also be architecturally
decentralized because a single IUNGO-connected router
technically represents a complete and healthy cluster of the
community. It is not "logically" decentralized, though. It can't be
cloned and for good reason — otherwise, segments of the
community could be overtaken by unfair competition.
WHY DECENTRALISE?
It hasn't worked otherwise. By going
decentralized, we completely change
the economic toolset and approach the
task of the freedom to connect from the
other side.
7. WHY TOKENIZE?
Why simply not use ethers for payments and
Ethereum smart contracts for the processing logic?
Besides the obvious reason that kicking off the system
takes funding, a native token serves the following
purposes:
(1) ING evidently borders the inner economy and
protects it from those with large stakes of ETH and
interests that are alien to the system. Without ING, it
would be like playing a monopoly game with ordinary
cash — you never know which coin comes from the
game box and which does not.
(2) As blockchain universe develops and we have new
platforms and multiple cross-blockchain means of
transport, a devoted token is a much more convenient
tool to make a potential migration.
8. ING TOKEN SUPPLY
TOTAL SUPPLY
ING
10B
ONE TIME EVER EMISSION, INVESTORS’ SHARE = 64%
PRE-IC0
upto
1.00%
OF THE ENTIRE SUPPLY ONLY, AT 300% BONUS!
FOUNDER’S SHARE
36.00%
INCLUDES ALL NEEDED SYSTEM KICK-OFF EXPENSES
• Pre-ICO: up to 1% of 100%
• Round 1: up to 40% of 100%
• Round 2: the remaining supply
• Starts on October 29, 2017 at 12pm GMT.
• Ends on November 19, 2017 at 12pm GMT.
• Caps: 160 ETH — 1,100 ETH
• Founders: 12% (vested for 12 months)
• Supporters & contractors: 12%
• System kick-off expenses: 12%
9. TOKEN PRICES
Round&bonus structure
Pre-ICO Round 1, Tier 1 Round 1, Tier 2 Round 1, Tier 3 Round 1, Tier 4 Round 2
Bonus «300 %»* 30 % 20 % 10 % 0 % n/a
Price, ETH 0.000011 0.000023 0.000026 0.000029 0.000033 TBD
Max Volume ING 100M up to ING 4B Remaining supply
One third of a normal price
(*)
10. ROADMAP
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
PRE-ICO
OCTOBER 2017
Limited token sale event
ICO
DECEMBER 2017
Main token sale event
MVP
NOVEMBER 2017
Minimal viable product
demonstration
ALPHA
JUNE 2018
Alpha version of software
released
BETA
DECEMBER 2018
Beta version of software
released
HIT EXCHANGES
FEBRUARY 2018
ING token listing on exchanges
ANDROID
AUGUST 2018
Android UI released
11. MEET THE CORE TEAM
PAULIUS
SIREVIČIUS
CO-FOUNDER / COO
RIČARDAS
BERNOTAVIČIUS
CO-FOUNDER / CEO
ANDRIUS
MAČYS
CO-FOUNDER / CTO
DYLAN
SHARKEY
SENIOR ADVISOR