Overview

IOV provides a universal protocol for blockchains and wallet users.

Project stage

Only a whitepaper

Detailed description

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.

Problem

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.

Solution

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.

Features

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.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : IOV
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 25,000,000 EUR
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :2,000,000 EUR
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :416,666,667 IOV
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :270,833,333 IOV
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BCH, BTC, ETH, EUR, LTC, XRP,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, New Zealand, North Korea, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    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.

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Team + Advisors + Employees: Employees blocked 1 year, then released the second year, 1/12 per month; Advisors released after the 1 year
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Round 2: Public sale — Soon
      Start Soon
      0.1 EUR No Max 1000000 EUR Uncapped 25,000,000 EUR
      Round 1: Pre-sale — Ended
      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 — Ended
      25 Mar 00:00 UTC
      30 Jun 00:00 UTC
      0.08 EUR No Max 500000 EUR Uncapped 5,000,000 EUR
      Round 2: Public sale

      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.

      Read more about vesting and bonus
      • Team

        • Isabella Dell photo
          Isabella Dell
          Co-founder
        • Karim Ganem photo
          Karim Ganem
          Co-founder
        • Antoine Herzog photo
          Antoine Herzog
          Co-founder
        • Ethan Frey photo
          Ethan Frey
          Lead Developer
        • Benjamin Simatos photo
          Benjamin Simatos
          Chief Strategy Officer
        • Daria Samoylova photo
          Daria Samoylova
          Communication strategist
      • Advisors

      Roadmap

      • Apr 2018
        POC1
        • Full technical specification of the Blockchain Communication Protocol  
        • Testnet with 2 blockchains implementing with the partial implementation of the Blockchain Communication Protocol (send coin, human address)  
        • The 1st working prototype of the IOV Wallet working which demonstrates basic functionality such as sending/receiving different tokens from a single wallet implementing with the partial implementation BCP
      • Jul 2018
        POC2
        • Testnet with 2 blockchains implementing with more complete implementation of the Blockchain Communication Protocol (send coin, human address, atomic swap, multisig, bootstrap nodes election)  
        • First prototype of the Blockchain Name Service which includes registration and update of Token Definition  
        • The 2nd working prototype of the IOV Wallet working which demonstrates advanced functionality such as exchanging Token A against Token B with Atomic Cross Swap with a human address of value  
        • Simple Match making proof of concept website for Atomic Swap.
      • Phase Backend
        • Testnet with dynamic validator 
        • Audit Backend of Blockchain Name Service and Proof of Stake Blockchain 
        • Blockchain Governance of the Blockchain Name Service 
        • Light client proof
      • Phase Frontend
        • Blockchain Explorer 
        • Matchmaker Atomic Swap improved 
        • IOV Wallet Mobile
      • Phase DevOps

        Deployment tools for developers who want to create their own blockchain and their own ICO.

      • Parners
        • Solidity ETH/IOV Atomic Swap 
        • Ledger implementing Blockchain Communication Protocol
      • End of 2018

        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.

      Activity