Invech is a cryptocurrency exchange led by Invech Group. The platform tokens known as Invech Coins or IV keeps running on the Ethereum network. Invech Group is licensed, authorized, supported and endorsed by the government of Timor Leste to carry out, regulate, manage blockchain and cryptocurrency related operations such as exchange, ICO, mining, consulting and others. The group plans to make Timor Leste the world's first Blockchain Smart City and bring development to the post-war country.
The Democratic Republic of Timor-Leste, or East Timor in English, is the 1st New Sovereign State of the 21st century. It is located in Southeast Asia, with a population of around 1.3 million. Sharing borders with Indonesia, the sovereign state comprises the eastern half of the island of Timor and several other nearby islands. The country restored its sovereignty in 2002 after the Indonesian occupation. Timor Leste’s decades-long independence struggle against Indonesia impaired much of its economic infrastructure, reducing it to Asia’s poorest country.
Today, they are still rebuilding and rectifying the pre-independence adversity. And Invech hopes to be the channel for the people of Timor Leste to enhance and transform the economy status. Thus, creating a sustainable economy, and at the same time a tech savvy and advance, blockchain nation. IV token is a utility token used by Invech. Invech Crypto Currency Exchange platform uses IV token for a start and later be used on all 9 of Invech licensed businesses. After 1 year since the Invech exchange, IV will be used for the Invech Foundation, tourism, hotels, casinos, agriculture, arrival visas, payment gates, open tender systems, and Invech consultations.
Invech cryptocurrency exchanges allows users to bee able to reach a global platform; better, faster, transparent, and cheaper transactions, creating jobs, opportunities and etc. Furthermore, a portion of profits from all transactions done at the exchange will be paid to Timor Leste via taxes. Users will get up to 60% discount if using IV for a fee. The IV token can be used for payment of transaction fees on exchanges or outside the exchange where IV is a recognized mode of payment particularly in Timor Leste.
Invech cryptocurrency exchange is to introduce an alternative currency through the creation of Invech Token (IV or Invech Coin). Bringing in foreign direct investment & decreasing unemployment rate. Regulating crowdfunding through controlled processes. To fully tokenize tourism and agriculture in Timor Leste. Improving human capital and capabilities of the local people of Timor Leste. To provide advice and consultancy to the government on blockchain and technology related matters. To provide education and training to improve livelihood.
Invech Global Blockchain Entity or iGloBE is a user-friendly, fast, transparent, fair and accountable platform where procurement and order management occur. iGloBE aims to reduce unemployment, increase the level of IT proficiency, literacy and the quality of work in the public and private sectors. Invech makes conferences to bring global thoughts and ideas to Timor Leste to quicken, educate, development, training, and awareness. Invech will bring experts and specialists to train individuals of Timor Leste to be productive, efficient, profitable, and educated.
Invech (IV) Token
Invech ICO Price: 0.4000 USD
ICO Name: Invech
Symbol: IV
Start Date: To Be Announced
End Date: To Be Announced
Country: Timor-Leste
Platform: Ethereum
Tokens For Sale: 175 000 000 IV
Token Price: 1 IV = 0.4000 USD
Minimum purchase: 50.00 IV
Airdrop program: Yes
Payment Mode: N/A
Minimum Investment: 10 USD
Distribution: 35%
Raised: N/A
Soft Cap: 24,000,000 USD
Hard Cap: 60,000,000 USD
Currencies: BTC, ETH
Token Type: ERC20
Type: Utility token
Restricted areas: China, Cuba, Iran, Syria, United States of America, North Korea
Distribution
Development, Maintenance, Recruitment, Training: 30.00%
Branding, Marketing: 30.00%
Reserve: 30.00%
Security: 10.00%
Bonuses and discounts
Phase 1: -20%
Phase 2: -10%
Roadmap
May 207: Idea and Core Team Formation.
October 2017: CIDA Holdings Limited Invests.
November 2017: BBM Blockchain Indonesia Invests.
February 2018: 1st meeting with Timor Leste Goverment.
March 2018: SMID (CN) as Advisor.
June 2018: Acquired Cryprocurrency Exchange License from Timor Leste Goverment;
MOU Signing with BBM Blockchain Timor — MWII (CN), Nashdaq Listed Company to Invest US$ 20,000,000 at Pre-Sales.
July 2018: Roadshow Commencement.
October 2018: Signed MOU with MAPEM;
Publicity Campaign in Hong Kong.
December 2018: Invench Public Listing on OTC;
Invech Consultancy;
Invench Initial Exchange Offering;
Full Official Launch with Fully Operation Exchange Platform.
January 2019: Invench Loan Managment System for Timor Leste.
February 2019: Crypto ATM.
March 2019: Launch Invench Lublic Chain.
April 2019: Invench Payment Gateway.
May 2019: Commence Hotels and Casino Development.
June 2019: Government Blockchain Services.
August 2019: Cockpitsonic Collaboration.
2021: Sign up Belt & Road Initiative.
2022: Fully Tokenize Timor Leste.
Team
Invech Group Founder: Kenny Lim
Invech Group Co-Founder & COO: Ronald Cheah
Invech Group Co-Founder: Raimundo Campos
CO-Founder, Director Of Global Business Development: Jagedteswaren Ayadore
Group CEO: Anthony Davie
Chief Financial Officer: Kwok Tai Yau
Branding Officer: Kent Low
Chief Liaison For TIMOR LESTE: Hemalingam Rama Naidu
For More Information
Website: https://invech.io/
Whitepaper: https://tokensale.invech.io/documents/ieo-whitepaper.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=5158357
Facebook: https://www.facebook.com/InvechExchange
Twitter: https://twitter.com/invechexchange
Telegram: https://t.me/InvechOfficial
Authored By: Akpeki Ayebaesin
Bitcointalk Username: Spillx
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317140