After successfully completing the IOTW IEO token sale with BitMart exchange on 28th and 29th April 2019 in less than 10 mins and 6 mins respectively, we are pleased to announce that IOTW will launch another round of IOTW token sale with IDAX exchange on 5th and 6th May 2019.
The IEO details on IDAX are as follows:
Token symbol: IOTW
Token type: ERC-20
1st Round Start Time: 2019-05-05 22:00 (HK Times)
1st Round Hard Cap: 100,000 USD
1st Round Sale Price: 0.010 USD = 1 IOTW
2nd Round Start Time: 2019-05-06 22:00 (HK Times)
2nd Round Hard Cap: 900,000 USD
2nd Round Sale Price: 0.011 USD = 1 IOTW
Total Token Supply: 2,560,000,000 IOTW Tokens
Total IEO Token sale on IDAX: 91,818,181.82 IOTW tokens
Total IEO Hard Cap on IDAX: 1,000,000 USD
Total IEO Hard Cap: 1,750,000 USD
Initial Market Cap: 4,400,000 USD
Initial Circulation Supply: 15.6% out of Token supply
Lockup period: No
Individual Max Cap: 20,000 USD
Individual Min Cap: 100 USD
Accepted Payment in IEO in IDAX: ETH
Private Sale Price: 1 IOTW = 0.012 USD on average
Private Sale Distribution: 15.53% of the total supply
Private Sale Lock-up Period: Some offers do not include a lock-up period. Some offers include lock-up period:2 years lock-up period, release half-year.10 months lock-up period, release every month.
Initial Listing Exchanges: BitMart and IDAX
Token Distribution: Before listing
Exchange Listing Date: 2019-05-09
Anyone who is interested in joining IOTW’s IEO is highly advised to an open account in the exchange (IDAX), go through the KYC in advance, and get ready to subscribe to IOTW tokens.
IOTW (https://iotw.io/) is building a fast-growing Blockchain-enabled IoT Data Platform in the world. It is a Big Data unifying system built on a native blockchain technology using Proof of Assignment (PoA) and micro-mining protocols, making collection of data from a cross section of IoT devices and different applications simple and efficient. It has been backed up by 500 Startups accelerator program, one of the topmost incubators and VCs in the US.
With 50 billion IoT deployments by 2020, IOTW aims to unify Big Data from households’ IoT devices with IoTW technologies via two real business approaches. IOTW can just provide firmware update for IoT devices so that they can become IOTW-enabled to mine IOTW coins without changing their hardware and minimal electricity cost (only 0.5 USD per device annually). Additionally, IOTW’s Digital Power System chipset offers IoT device reference designs to convert non-IoT devices to become IoT, such as light bulbs, power plugs, and many other white goods, making the cost lower than using traditional analog power systems in appliances. We are currently focusing on products such as light bulbs, power plugs, set-top boxes, and other kitchen goods.
With the strong founding team who has over 20 years of experience in semiconductor and IoT hardware industry, the real business can go to market efficiently and at a rapid scale: IOTW only provides chipsets embedded with IOTW technologies to manufacturers and IoT device brands who will help promote the IOTW-enabled devices to end users.
- The CEO has more than 25 years of experience in the semiconductor chip industry and has a deep network. He has done multiple IPOs.
- The Chief Blockchain Officer has strong connections with IoT manufacturer, and experience in software and hardware (system level) development for consumer electronics at consumer electronics manufacturer, such as digital TV, set top box.
- The CFO has experience with over 15 IPOs and has worked in multiple banks.
- The CTO and tech team all have vast experience in launching technology startups.
- Another co-founder was a Consulting Faculty at Stanford University.
- The Head of business is an ex-Deloitte blockchain consultant and has successfully consulted for several top ICOs.
Token Utilities: How can you use these tokens?
IOTW tokens are created for diverse real-world applications including rewarding end users of IOTW-enabled devices and IoT manufacturers and different IoT brands through micro-mining. The utilities are as follows:
- Instant Payment
- Purchase of Big Data
- IoT Device reference designing
- Masternode staking
- Data hosting
In IOTW’s Mainnet, the integrated IOTW mobile app will be launched that allows end users to do instant payment transaction and remote control of IoT devices, and purchase in the decentralized marketplace. The end users can use the mined IOTW coins to purchase goods available on the decentralized marketplace, and receive IOTW coins by selling their behavioural data to IoT device makers, market research firms, and government research institutes, who can make more informed decisions based on the cross section of valuable Big Data.
IOTW Website: https://iotw.io/