Ino Coin (INO)

Posted by

InoCoin is a crypto based investment platform designed to help startups and entrepreneurs with a revolutionary idea to find new sources of funding.

Joke Name

Ino Coin = Investment Platform

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (INO)

Coin or Token

Circulating Supply (20 Million)

Total Supply (1 Billion)

Market Cap Ranking

Review

InoCoin is a crypto based investment platform designed to help startups and entrepreneurs with a revolutionary idea to find new sources of funding.

The entire ecosystem of the currency is built around the idea of helping the best of the best to reach new heights. Anyone with an idea can apply for funding, but only the select few will harvest the rewards.

InoCoin uses INO, a utility token that’s designed to help the industry of crowdfunding to avoid the typical roadblocks of traditional banking by allowing anyone to become an investor. INO is a universal payment tool that you can purchase to either trade in on the exchange or to support the hand-selected startups and get a share of the business or other products and services.

Key Features

  • Community-driven investments
  • Global availability
  • A working solution

Community-driven investments

One head is good, but an entire community of heads working on a shared task is simply out of this world. Community-driven decisions on which projects to invest in and which are better off when left to gather dust are one of the selling points of the project.

Forget about “one-man” decisions and get ready to invest in a project that’s based on a demanded project and has actual social proof of concept to show off.

Global availability

You don’t have to be Warren Buffet to invest in a project with InoCoin – the platform is globally available to anyone with an interest.

Same can be said about the startups that are applying for the funding. There are no rules, no criteria one is to meet, and there are no boundaries whatsoever. An idea is literally everything you’ll need to succeed.
Do note that the idea is to be great, otherwise, it won’t spark an interest in the community.

A working solution

InoCoin does not believe in the concept of ICOs. They see too little value in getting paid for something as fragile as a promise.

Instead, InoCoin is offering a working product that has a proven track record, a few success stories under its belt and an impressive portfolio of startups that received funding via the platform.

INO

INO is an ERC-20 token on the Ethereum blockchain. As for its distribution:

  • 20% (200.000.000 tokens) of the total pool was distributed during the Private Coin Offering.
  • 1% (10.000.000 tokens) went to the founders of the project, the team working on it and to the board of advisors.
  • 30% (300.000.000) tokens are kept for financing the project throughout 2018 and 2019.
  • 49% (490.000.000 tokens) is kept as a reserve. They are currently locked.

Sample projects

We’ve mentioned that the platform has a proven track record of helping aspiring startups, so it wouldn’t be fair not to mention a couple of them in this review.

Photo Ino. This project is designed to solve the problem of storing one’s photos via the means of block tech.
InoPay. This is a universal payment instrument that has a series of advantages over traditional payment systems like lighter, faster transactions, low fees, and global availability.

INO Pets. This is a charity fundraiser project that creates machines that transfer INO and donate a percentage of that to street animal care organizations.

Summary

In simpler words, InoCoin is Kickstarter on steroids.

Pros

  • Proven track record

Cons

  • No direct backing (asset, profits, commodity)
  • Limited exchanges