IUNGO is a globally distributed wireless internet service provider built with the help of a worlwide community. We are bootsrapping a community where everyone can assume responsibilities and benefit form the associated rewards for running parts of the service delivery infrastructure. Memeber can contribute by installing Public Wi-Fi access points on their premises nad/or running parts of the service infrastructure.
Our network will rely on the existing physical internet infrastructure to carry end-user traffic and will form an overlay network with unified end-user iddentification, authentication and biiling system. We will use the Ethereum network to build trsuted, transparent accounting and payment infrastrusture. Our mobile applications will enable low granularaty service usage accounting and compensation for service rendered. Additionally to the software solution, hardware will be offered as an option, with pre-setup routers available for those seeking a consumers friendly plug and play experience.
IUNGO will not limit itself to the technical research and development needed to deploy the network at global scale, but will also build worldwide recognition of the brand.
WIRELESS INTERNET SERVICE PROVIDERS
CUSTOMERS
- Small and medium sied bussiness
- Large enterprise and governments wishing to provide secure public/visitors internet access
- Individual who live in close proximity to crowded public spaces
- Airbnb hosts
- Co-working spaces
- Investors interested in providing wireless coverage in a selected area
- MICE organizers
BENEFITS
- Additional revenue stream for individuals and business
- Cost savings
- Access to a global user base
- Increased engagement, low entry barrier
- Powerfull web based service management tools
- Marketing tools
- Increased security
- Reduced legal liablity for corporate "visitors" internet access
MARKET OPPORTUNITY
The Global Internet Service Provider industry is one of the fastest-growing industries in the global economy. Explosive growth is being propelled by rapid advancements in internet-related infrastructure and service, as the mergance of a plethora of powerful personal and business internet application has transformed how business and conusmer operate. Rapidly rising demand for broadband internet access and continued investments in wired internet infrastructure have helped propel the induetry forward.
According to IBIS World research, the annual growth rate between 2012 and 2017 was 8.8%. The majoruty of internet service providers are multi billion dollar Telecomunication comapnies like AT&T, Verizo and China mobile.
CROWDSALE DETAIL
The IUNGO crowdsale nad the corresponding token creation will be organized around smart contract running on Ethereum. In total 100 Million IUNGO token (ING) will be created.
Participants willing to support the development of the IUNGO Project can do so by sending Ethereum to the designated address, or by contributing throe IUNGO platform. By doing so, they are purchasing IUNGO Tokens (ING) at the rate of 1000 ING per 1 ETH which will be sent to teir wallet.
During token sale several rounds (Tiers) will be organized with different Bonus, Discount rates and payments methods.
PRE-ICO
During the Pre-ICO, participants have an opportunity to get 3x token Bonus. Only 1,3% of total tokens are distributed in this way, representating an excellent opportunity for early participants. The Minimum investment is 0.5 ETH while the maximum is 50 ETH per investment.
PRE-SALE FUNDS WILL BE UTILIZED FOR:
- Product MVP finalization
- Legal and Consulting
- Advisor team
- ICO Marketing
ICO
Participants willing to support the development of the IUNGO Project can do so by senidng Ethereum currency to the designated address, or by contributing throw IUNGO platform with other types pf payments. By doing so, they are purchasing IUNGO Token (ING) at the rate of 1000 ING per 1 ETH which will be sent to their wallet.
During token sale several rounds (Tiers) will be organized with a differebt discounts rates, payments methods. IUNGO keeps the right have special negotiated delas and discounts for large stake investors.
DETAILS
- The main currency during the token generation event is Ether (ETH).
- It can be proposed to participate in other forms of payments too.
- Token Creation will be capped ("soft Cap") for 8 million INGs sold. This amount is subject to change before the Token Creation event.
- The Token Creation period will last till 31st of January 2018 or till all created IUNGO tokens will be sold.
- If the Crwodsale campaign does not reach its minimal capital goal all funds will be returned automatically to the ING holders.
- Token Creation has a Hard Cap: upon achieving this Cap, token creation will stop and no further contribution will be accepted. The Hard Cap is equal to 64 Million INGs.
- Tokens that are not sold during the crowdsale rounds will be automatically transferred to the further financing rounds by the smart contract, and will brn at the end of token sale.
Token for Sale : 64%, 64 Million ING
Token Symbol : ING
ING Token Generated per ETH : 1000 ING
SOFT CAP : 8 Million ING
HARD CAP : 40 Million ING ( reduced from 64 million)
Percentage of token for IUNGO founders : 12%, 12 M ( vested up to 18 months)
IUNGO service gateway fund : 12%, 12 M
Percentage of Token Generated To Bounty Campaign, Team, Advisor, and Partners : 12%, 12 M
Date of crowdsale start : 7th December 2017
Date of Crowdsale End : 31st of January 2018.
BUDGET ALLOCATION
Exact budgets will be allocated after the funding round.
MORE INFORMATION
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Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
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