WHAT IS INVECH EXCHANGE?
Invech Cryptocurrency Exchange is a cryptocurrency exchange spearheaded by Invech Group. We have our own platform tokens called Invech Coins or IV which runs on the ERC20 platform. Licensed and endorsed directly from the Timor Leste Government, our license covers the whole blockchain and cryptocurrency framework, including cryptocurrency exchanges, ICOs, mining farms, blockchain solutions and etc. It is also the first blockchain / cryptocurrency service coming out of Timor Leste.
MISION
1. To introduce an alternative currency through the creation of Invech Token.2. Bringing in foreign direct investment & decreasing unemployment rate.
3. Regulating crowdfunding through controlled processes.
4. To fully tokenize tourism and agriculture in Timor Leste.
5. Improving human capital and capabilities of the local people of Timor Leste.
6. To provide advice and consultancy to the government on blockchain and technology related matters.
7. To provide education and training to improve livelihood
VISION
Improving lives through blockchain and technology to create a stable and thriving digital economy.FEATUERS
• Providing matching orders between buyers and sellers at best price available
• Supporting multiple currency wallets, allowing centralized, easy implementation of several different cryptocurrencies. All cryptocurrencies will be automatically secure via a multi signature cold storage allowing security and preventing external access.
• Full order book providing necessary liquidity to instantly buy and sell cryptocurrencies with tight spreads.
• All cryptocurrency funds will be automatically managed by our integrated wallet software. All funds including cryptocurrency and fiat (which will be implemented accordingly)
• We will support but not limited to: English, Chinese, Indonesian, Portuguese, Japanese and Korean on all of our user interfaces. (The very initial release will be in English, Chinese and Indonesian, Portuguese only.) More languages will be added over time.
• Invech will also implement FIAT — Crypto pairings and withdrawals in the near future. We are aiming for USD, HKD and IDR.
PLATFORM TOKEN — INVECH TOKEN
IV token is the fundamental token used by Invech in all of its project. As a start it can be used as a platform token for Invech Crypto Currency Exchange, and later be used on all of Invech licensed businesses. 500,000,000 unit of IV tokens have been created on the ERC20 platform, and the amount would never increase nor decreased. IV will run natively on the Ethereum blockchain, ERC20 platform.Outside of the exchange, IV can also be used in other aspects such as:
• Timor Leste — Invech Foundation
• Tourism
• Hotels
• Casino
• Agriculture
• 2nd exchange* — can be used to purchase tangible and intangible digital assets
• Visa on Arrival in Timor Leste (costing US$30 — US$200)
• Invech Payment Gateway • Open tender system • Invech Consultancy
Usage of IV outside of the exchange will commence within 1 year of Invech Cryptocurrency Exchange being online.
INITIAL EXCHANGE OFFERING (IEO)
Benefits of having or holding IV token.• Multi-Platform — Invech Token will be used on all platform of Invech Group’s business.
• Exchange Discount — Get up to 60% discount on transaction fee when trading with IV Token.
• Peer-to-Peer Payment — Ability to use it as P2P payment for business and individual. Mobile wallet to be released.
• Early Bird Discounts — IEO participants can own IV Tokens at a discounted rate and enjoy token appreciation upon completion of IEO.
• Crypto-Fiat — Platform for conversion of IV Token to Fiat to be launched in 2019.
• Recognized — IV Token is recognized as a legitimate crypto currency by the government of Timor Leste.
• To be widely accepted — Aims to be the main mode of payment for Timor Leste — Blockchain Smart City.
• Low Risk Investment — Invech is a licensed body from the Government of Timor Leste to conduct and regulate crypto related businesses.
WHY YOU SHOULD PARTICIPATE IN INVECH TOKEN SALE
• Established and strong ties with blockchain/crypto friendly government of Timor Leste.• LICENSED to implement Fiat — Crypto — Fiat.
• All exchange users will have discounts up to 60% when they use IV to transact within the exchange.
• Invech CRYPTO — FIAT ATMs.
• Wide platform token usage — Over 9 licensed crypto and online businesses.
• Active traders will reap rewards ranging from cryptocurrency bonusses, platform discounts, merchandises or a trip to Timor Leste.
• Invech will be listed on the Nasdaq OTC Stock exchange by end of 2018 which will further increase exposure, reputation and confidence from the market. While at the same time, having token value appreciation.
• We will be implementing many volume generating strategies that will bring in more transactions to the exchange, such as payment gateways, secondary exchange, and others such as tourism — hotels and casinos, agriculture, consultancy and etc. IV Token will be the baseline currency thus increasing liquidity, market capital and credibility.
• Managed and operated by an experienced and competent team.
• 10% of total allocation will go to Timor Leste — Invech Foundation.
IEO SALES
175,000,000 IV will be open for the public.IEO will run for 60 days starting from 1st November 2018.
Phase 1–30 days: 75,000,000 IV @ 20% discount. Locked in for 6 months. Phase 2–30 days: 100,000,000 IV @ 10% discount. Locked in for 9 months.
Unsold IV Tokens at IEO will be given to the Timor Leste — Invech Foundation with a vesting period of 3 years.
Soft Cap: 75,000,000 IV Tokens (USD 24,000,000) Hard Cap: 175,000,000 IV Tokens (USD 60,000,000)
Pricing at IEO Phase 1: US$0.32 (after 20% discount) Phase 2: US$0.36 (after 10% discount)
TEAM
More Information
Website: https://invech.io/
Whitepage: https://tokensale.invech.io/documents/ieo-whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5052844.0
Twitter: https://twitter.com/invechexchange
Facebook: https://www.facebook.com/InvechExchange
Telegram: https://t.me/InvechOfficial
Author: Oteemit
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2626538
