Introduction
In today’s world, there is wide access to banking services as well as financial markets which are well established in the industrialized world and more people in developing countries are not left out as well. Despite the fact that people have access to these services does not mean that they are really able to make use of it. In the year 2015 in the United States, roughly 24.5 million households were identified as UNDERBANKED and also 9 million households with no access to banking. This number totals up to approximately 27% of the total household number. Worldwide there is close to 2 billion people who do not have access to banking services and this number is about 38% of the world population.
About IUNO
IUNO is a name that comes from Juno Moneta which is soubriquet of the Roman goddess Juno which is written as IUNO in classic Latin. She is the protector of money and funds in general. The Republic of Rome official currency has her temple coined on the currency and her image normally appeared on the back of coins. English language obtained the words MINT, MONETIZE, MONEY from the word MONETA. In numerous modern languages such as Italian and Russian, Moneta is the word for coin and it is called moneda in Spanish.
IUNO is a decentralized (p2p) peer to peer banking platform. It is a banking ecosystem which is based on a blockchain with asset backed tokens. In order for people to have access to a variety of financial services without the need to entrust assets to a central institution, IUNO will present a different alternative for both the underbanked and unbanked.
IUNO will also focus on industries such as the adult industry, legal cannabis industry and gambling industry that face difficulties in accessing traditional banking services due to risk management or regulatory reasons.
IUNO will eradicate the need for brokerages, banks, and also cash currencies, and at the same time provide consumers with a secure and convenient method in their daily financial activities. It will also eliminate third parties which will lessen friction and reduce costs for the whole market participants.
IUNO is a payment gateway, a decentralized peer-to-peer online banking platform and also a stable, dependable token.
Banking as a Service DApps
The IUNO wallet will have the capability to access a variety of Banking as a Service Decentralized Applications which are running on the IUNO Network. It will implement features such as deposits, withdrawals, transfers, investing, lending, borrowing, credit and debit cards etc.
IUNO Utility Token (IUNIT)
This is a service-driven utility token which efficiently confronts the major problems associated with the development of a convenient, transparent and effective decentralized marketplace that consists of goods and services by motivating members to operate solely inside the closed IUNO ecosystem. Its precise function as a currency in the IUNO ecosystem is connected with the relations of participants in the network with the fiat world.
Token Distribution
Total is 300,000,000
Token Sales 36.83% @ 110,500,000
Marketing 6.67% @ 20,000,000
Airdrops 3.33% @ 10,000,000
Bounty 3.33% @ 10,000,000
Developer Token 16.67% @ 50,000,000
Coin master 0.67% @ 2,000,000
Reserve 15.83% @ 47,500,000
Founders 16.67% @ 50,000,000
The price of IUNIT token is 0.001 ETH and the methods of purchasing tokens are Fiat payment, Ethereum, Bitcoin, etc.
Conclusion
There are usually false impressions that all cryptocurrencies are created in order to transfer cash anonymously between persons with dubious characters and also to support illegal transactions. That is certainly not the case with IUNO because it will implement systems that will ensure that all AML9 procedures and relevant KYC are followed with the assistance of IMS (Identity Management System). Also, all transactions will be recorded on the blockchain and also fully encrypted.
For more information, kindly click on the links below;
Website: https://iuno.io/
WhitePaper: https://bit.ly/2RyUi8m
Telegram: https://t.me/IUNOForum
Facebook: https://t.me/IUNOForum
Twitter: https://twitter.com/iunoblockchain
Medium: https://medium.com/@iuno.blockchain
ANN: https://bitcointalk.org/index.php?topic=5043716.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Bounty0x username: Elmichaels
This article was created in exchange for a potential token reward through Bounty0x