IOV provides a universal protocol for blockchains and wallet users.
IOV provides the Blockchain Communication Protocol (BCP) that enables a global ecosystem of autonomous blockchains to be accessed efficiently. The BCP standardizes communication between blockchains and client software creating a more scalable and robust interchange of blockchain based information.
IOV provides also a decentralized blockchain database called the Blockchain Name Service (BNS), the first DNS for all the active Blockchains. Blockchain Name Service lists all active blockchains, their respective tokens and the IP addresses of their bootstrap nodes.
IOV solves the problem of complexity, human error and lack of interoperability when exchanging digital assets on the blockchain. IOV provides the Blockchain Communication Protocol that enables autonomous blockchains to be accessed efficiently. Additionally, IOV provides the Blockchain Name Service, the first DNS for all participating blockchains.
Major challenges of the blockchain
The usage of a blockchain is not a user-friendly concept designed for most people. It was initially designed for cryptography enthusiasts and professionals. On the other hand, when it comes to the actual end-users and people, blockchain platforms haven’t been able to demonstrate a reliable, smooth, simple and secure experience to exchange different values and tokens. A combination of human error issues, the complexity of the experience and the non-interoperability of the chains are a major problem for the end-user. For those reasons, many individuals don’t want to use the blockchain and are skeptical about its usability.
The blockchain ecosystem is complex for most people
Even if most people are now familiar with the word “blockchain”, the majority of the names, concepts and operating details is all rather complex for a user. The blockchain ecosystem is still full of jargon and acronyms that can be intimidating for a user. In order to make cryptocurrencies more mainstream and allow for widespread adoption, it is necessary to simplify not only the user experience but also the access to relevant knowledge and to empower users with the ability to act on the blockchain.
The blockchain ecosystem is not well connected
Finally, it is very difficult for a company to create a new token and launch a secure ICO, even using the most widespread method of ERC20 tokens. And if a company chooses to launch a blockchain outside of a main network, its blockchain is currently disconnected from the ecosystem.
The human error problem
A large number of transactions end up in errors and loss of funds. Even if the blockchain itself is secure to send a digital from one user to another, there is always the possibility of human error. It can be very easy to lose or waste tokens by sending them to an address not present on the blockchain. As of today, nearly 30% of the total Bitcoin created is likely to be lost or put out of circulation, due to human errors.
Exchanging tokens is a painful experience or the interoperability problem
Today, it is quite challenging for the end-user to turn a token to another. The process in most circumstances is extremely dependent on third parties for the exchanges and the effect has been counterintuitive. Some fundamental goals of blockchain were to limit the transactions costs and remove the necessity of the middle man. Meanwhile, exchanges have constantly increased their fees and created dependence on themselves to users.
The IOV Wallet, the first generation of wallets designed for Everyone
The IOV Wallet will be the first wallet to implement our Blockchain Communication Protocol, or BCP. It is able to send, receive and exchange any kind of cryptocurrency from a single address of value. As soon as a blockchain implements the BCP protocol, its token will be transferrable via the IOV Wallet.
The Atomic Swap the possibility to exchange any Token without third-party exchanges
Thanks to the atomic cross swap technology, it will be possible to make blockchain interoperable and to exchange tokens without the need to use a third-party exchange. Atomic swaps, also known as atomic cross-chain trading, make it possible for two parties to exchange one token for a different one, without the need to involve a third-party. It is a smart contract technology that is cryptographically powered and by leveraging atomic swaps, the risk of one party evading the payment of another is eliminated. This results in a system which makes inter-blockchain transactions secure for all parties involved.
The IOV Blockchain Name Service and deployment tools - a simple and secure solution to create interoperable blockchains or tokens
For many developers, creating their own ICO can be very difficult and creators of a new token usually face a lot of complexity to execute an ICO successfully. The IOV community will provide a blockchain template that implements the Blockchain Communication Protocol, as well as sufficient deployment tooling. The IOV goal is simple: Deploying a blockchain or running an ICO should be possible by the press of a button.
Blockchain Name Service. The first DNS for blockchains.
IOV builds the first decentralized DNS for blockchains. It is the backbone of the Internet of Values. The Blockchain Name Service (BNS) lists all active blockchains, their respective tokens and the IP addresses of their bootstrap nodes.
A Blockchain Communication Protocol.
By implementing the Blockchain Communication Protocol (BCP), IOV Wallet is becoming the first wallet to be able to send, receive and exchange any kind of cryptocurrency from a single address of value. Right now, for each blockchain, the end-user needs to have a different wallet. IOV is building the first revolutionary wallet which can access all tokens of a user.
The IOV Token will be distributed by the smart contract deployed by IOV on the Ethereum blockchain 7 (seven) days after the end of the Public Sale and payment of the IOV Token price.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Round 2: Public sale —
|0.1 EUR||No||Max 1000000 EUR||Uncapped||25,000,000 EUR|
Round 1: Pre-sale —
27 Jul 00:00 UTC
17 Aug 00:00 UTC
|0.09 EUR||No||Max 750000 EUR||Uncapped||12,500,000 EUR|
Round 0: Pre-sale —
25 Mar 00:00 UTC
30 Jun 00:00 UTC
|0.08 EUR||No||Max 500000 EUR||Uncapped||5,000,000 EUR|
Each Purchaser will be able to purchase the IOV Tokens during Round 2 Period for an individual maximum amount of 500,000 IOV Tokens (i.e. EUR 50,000) during the 3 first days of the Round 2 Period and 10,000,000 IOV Tokens (i.e. EUR 1,000,000) onward.
Deployment tools for developers who want to create their own blockchain and their own ICO.
The first production release along with the conversion of the ERC20 IOV Token to the IOV Token living on the Blockchain Name Service. Also, we will be able to connect any blockchains implementing the Blockchain Communication Protocol.