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The first community token with a social purpose
IDMoney is strongly committed to poverty-reduction, job creation and community development. For this purpose, IDMoney’s model creates a total of 35 million of crypto-tokens (attached to the Ethereum platform) in every city, earmarking 7 million (20% of the total) to be given directly to citizens in poverty (e.g., homeless) and other 7 million tokens (another 20%) for the support of citizens’ initiatives. In this social endeavor, IDMoney partners with organizations working directly on poverty and community initiatives.
IDMoney founders have a long-standing expertise and experience in all areas required to fulfill successfully the company’s ambitious vision. Many members of the team have been working together for about 15 years, with the establishment of the Fundamental Right to Virtual Personality. They bring together a rich set of skills, including software development, system architecture, blockchain management, payment and financial systems, etc. This team is applying a distributed leadership approach, where the birth and development of tokens in diverse cities are led by local teams of motivated and capable individuals able to move forward the experience in their communities.
A number of city tokens are emerging in diverse cities: Miami, Houston, New York. Miami is spearheading the experience with the structuring of a pilot touching all aspects of the ecosystem necessary for success. The Global Miami Token Association has been set up and the involvement of organizations working with the homeless is well advanced. In addition, the technology is available to start testing an innovative solution generated to by-pass the current low speed of real-time transaction of blockchain technology. This method mirrors a centralized wallet/token with a blockchain wallet/token to gain the benefit of speedy retail transactions of the centralized wallet/token, while keeping the benefits of the blockchain wallet/token. This mirrored token system facilitates: (i) financial, service and product transactions, (ii) the monetization of self-sovereign identity, and (iii) the workings of shared economies in cities’ communities. The pilot will produce lessons that will lead to the success of the whole experience in a process of continuous learning, fundamental to face the turbulences of the complex environment of the crypto world.
In the official IDMoney description you can find strategic and comprehensive details regarding the project. This document outlines the information that stems from the creation of the project all the way through it’s implementation. It incorporates graphs as well as other elements that will help you better understand the IDMoney project. For any inquiry you may have please contact us.DOWNLOAD IT HERE
“IDMoney is a collaborative project. We encourage contributors to join us and incorporate their unique talents and skills to our team. Those interested in making alliances or developing projects in crypto governance can contact IDMoney”