WHAT IS IUNO?

IUNO is a Payment Gateway

One of the main aspects of IUNO is the introduction of a sophisticated and easy to use a payment gateway. This gateway can be deployed by clients to allow acceptance of credit card payments in industries that are traditionally excluded from access to credit card services. Other industries don’t face regulatory hurdles but are considered high-risk industries due to the typically high number of chargebacks. These industries include gambling, adult, dating, MLM, and Telemarketing. In addition, IUNO will not charge any transactional fees for accepting payments on the network, thereby dramatically reducing the operational costs for any of the businesses using the IUNO payment gateway.

IUNO ECOSYSTEM

DECENTRALIZED BANKING PLATFORM IUNO is banking as a service built on top of a multi-currency wallet that resides on a blockchain. It provides access to all kind of financial services to the users of the IUNO wallet: payments can be sent to other users instantaneously all over the world, funds can be held in the wallet or can be invested and earn interest, debit cards can draw funds from the wallet, and users can obtain loans. PAYMENT GATEWAY FOR MERCHANTS We believe that businesses should focus on providing outstanding service to their clients instead of navigating the turbulent waters of the financial system. DEPENDABLE NON-VOLATILE TOKEN IUNO uses a binary structure to operate its marketplace. Two classes of tokens work in parallel: a stable asset-backed token as the currency of choice for the in-network transactions and a utility token to pay for any interactions with the outside world. AI BASED RISK AND COMPLIANCE MANAGEMENT The integration of IUNO’s AI risk mitigation umbrella with our identity management solution a tool that enables individuals and companies to control their digital identity and safely interact in the digital world will mitigate the risk of identity theft, fraudulent transactions, and money laundering.

SUMMARY

IUNO© is a complete banking ecosystem based on asset-backed tokens issued on a blockchain. The ecosystem includes payment gateways for e-commerce providers and banking services for participants. The tokens will be backed 100% by their respective Fiat currency counterparts to ensure value stability and predictably as the main driver for adoption in a wide range of industries.

The name IUNO comes from Juno Moneta, an epithet of the Roman goddess Juno (written “IUNO” in classic latin) who was the protectress of funds and money in general. The official currency of the Republic of Rome was coined in her temple and her image customarily appeared on the back of coins.

THE VISION

We envision a world where traditional banks have become obsolete. Banking is provided as a service on top of a decentralized wallet, allowing individuals to have complete control of their assets. Individuals lend to each other, individuals invest in each other, individuals transact with each other directly without the need for intermediaries.

THE MISSION

We are building a revolutionary peer-to-peer (P2P) banking ecosystem on top of a distributed blockchain platform secured by a bulletproof identity management system. The stability and liquidity in our ecosystem are guaranteed by Fiat-backed tokens. Our AI-based risk and compliance tools protect the individuals and the integrity of our environment.

IUNO AND THE UNBANKED

Today, financial markets and access to banking services are well established in the industrialized world. We even see more and more people have access to banking services and financial markets in the developing worlds.

IUNO will offer an alternative way for the unbanked or underbanked to access a full range of financial services without having to entrust their assets to a central institution. IUNO will initially focus on two avenues to drive adoption and penetration. Our main focus is to benefit distribution programs for the under-resourced like the Supplemental Nutrition Assistance Program (SNAP) in the United States. An additional focus will be initially in industries that have difficulty to access traditional banking services for regulatory and/or risk management reasons.

IUNO is a decentralized, peer-to-peer (P2P) online banking platform

IUNO is a multi-currency wallet that drastically improves the availability of financial services for holders of Fiat and cryptocurrencies. The IUNO wallet, while still maintaining the decentralized aspects of holding the currency locally under the wallet holders control, will offer all of the modern banking services people expect from their banks today. These services include payments, deposits, wires, transfers, savings, money market, investments, loans, credit cards etc. By offering a full spectrum of financial services based on a local wallet, IUNO is uniquely positioned to offer banking services to the unbanked and underbanked in the US and around the world. Like the payment gateway, IUNO’s banking services will not charge any fees. for a transaction conducted in the network.

IUNO is a stable, dependable token

IUNO’s currency tokens are pegged to their respective Fiat currency equivalents, thereby eliminating any exchange risk, while at the same time allowing to benefit from the security and transparency of blockchain-based transactions. IUNO will issue asset-backed tokens that mirror the value of their underlying/pegged Fiat counterparts. The first token that will be issued is pegged to the USD and will maintain an exchange rate of 1:1. USD Token issued exactly one US dollar will be added to the token reserve. Any ABT-USD Token can be redeemed for exactly one USD. Once a token has been redeemed it will be destroyed.

Now, one of the most obvious questions is “Why not just hold on to my USdollars if the token has exactly the same value? Why should I use it?”

The answer is easy:

Fiat currencies have limitations that cannot be overcome. Unless you are using actual cash, Fiat currencies cannot be transferred without the help of a third party (bank) Transfer of Cash is only possible if both parties of the transaction are physical, at the same location, therefore limiting or eliminating the usability for transactions in e-commerce or large-scale transactions. IUNO tokens can be traded and interchanged using any of the methods that are available for blockchain based currencies, including peer-to-peer (P2P) transactions that do not involve third parties in the middle. By inheriting the features of cryptocurrencies an IUNO token enables the implementation of full-fledged banking services on a decentralized peer-to-peer wallet. Blockchain transactions are immutable and provide a permanent historical record of any and all transactions conducted. This includes “cash” transactions as well as any of the transactions performed on the decentralized peer-to-peer banking platform. Many exchanges for cryptocurrencies have limitations on their ability to offer exchange services to and from Fiat currencies. A Fiat currency pegged IUNO token solves this problem by providing immediate and unlimited liquidity in any of the fiats backed tokens IUNO has issued. A Fiat pegged IUNO token finally offers the benefits that have been promised by so many cryptocurrencies in the past but failed in their implementations. It is truly a decentralized means of payments, it allows for remittances at zero cost, eliminates exchange risk for participating merchants and it eliminates any liquidity concerns.

TOKEN DETAILS

The IUNO Utility Token (IUNIT) is used to drive the economies within the IUNO banking platform as outlined in the white paper. In general, IUNIT tokens are needed for three specific tasks:

To redeem IUNO Asset Tokens (ABT) into Fiat Currencies. The current token sale ONLY includes the sale of the IUNIT token. The respective Asset Tokens will be issued once the platform is launched As collateral to operate a Master node or Supernode as outlined in the white paper and in the relevant Master node Operator’s guide (to be published at the time the Master node software is released) As collateral to operate as an IUNO Edge Agent.

TOKEN SALE OVERVIEW

We will hold a token sale to allow us to determine the community interest in our project and to kickstart the adoption of our platform. The funds we raise during the token sale will be used for the design & implementation of the platform, as outlined in the whitepaper, as well as for the operating and marketing costs to drive adoption and penetration of the platform. A portion of the proceeds will be used to obtain the necessary regulatory licenses to operate the platform in the jurisdictions we will be active in. To promote the early adoption of the platform, we are offering IUNIT in a presale with substantial discounts to early token buyers.

TOKEN DISTRIBUTION

300,000,000 IUNIT Supply. 1000 IUNIT = 1 ETH. Discounts between 20–50%.

Description

Token Sales 110,500,000 36.83%. Developer Token 50,000,000 16.67%. Airdrops 10,000,000 3.33%. Marketing 20,000,000 6.67%. Coinmaster 2,000,000 0.67%. Bounty 10,000,000 3.33%. Founders 50,000,000 16.67%. Reserve 47,500,000 15.83%.

TOKEN SALE ROADMAP

Price of IUNIT token 0.001 ETH. Soft Cap Minimum of $3 million. Technical limit to the number of tokens 300,000,000 (three hundred million). Adjustable distribution Unsold and unallocated tokens will be added to the reserve. Further token issues A single token issue within the Sale. Secured methods of token purchase Bitcoin (BTC), Ethereum (ETH), fiat payments and others. Token distribution supported Tokens sold during the pre-sale and public sale will be issued at the conclusion of the public token sale. Start Date Pre-Sales May 14h, 2018 10:00 am EST. Duration of Token Pre-Sale 63 days, until July 16th, 2018 23:59:59 EST. Start Date Public Sales July 17h, 2018 0:00 am EST. Duration of Token Public Sale until November 16th, 2018 23:59:59 EST. Token Generation Event November 19th, 2018. Token distribution November 20th-25th, 2018.

TOKEN SALE DISCOUNTS

We will be offering a staggered discount:

The first 20,000,000 IUNIT will be sold at a 50% discount. The second 20,000,000 IUNIT will be sold at a 40% discount. The next 20,000,000 IUNIT will be sold at a 30% discount. The next 20,000,000 IUNIT will be sold at a 20% discount. The remaining 30,500,000 will be sold with no discount.

How YOU can participate in the uprising:

B uy IUNIT Tokens.

Join the IUNO Team.

Run IUNO MasterNodes.

Become an IUNO Edge Agent.

Join the Advisory Board.

Join the IUNO Opensource Developers Group.

Participate in the Bounty Program.

Build an IUNO grassroots movement in your community.

Spread the love for IUNO

Apply Here

IUNO is a revolutionary peer-to-peer banking ecosystem on top of a distributed blockchain platform completely eliminating transactional fees for in-network transactions and providing a complete range of powerful but affordable banking services.https://s3.amazonaws.com/iuno/iuno-whitepaper.pdf

“This article was created in exchange for a potential token reward through Bounty0x”