Cryptocurrency: IUNGO

To Become A Local Internet Provider In The Global WiFi Network

The Global Internet Service Providers industry is one of the fastest-growing industries in the global economy. Explosive growth is being propelled by rapid advancements in Internet-related infrastructure and services, as the emergence of a plethora of powerful personal and business internet applications has transformed how businesses and consumers operate. Rapidly rising demand for broadband internet access and continued investment in wired internet infrastructure have helped propel the industry forward. WiFi is now a must-have amenity for every consumer-facing business, but for venue owners, providing a reliable WiFi service is difficult. Today’s market offers a wide range of guest WiFi solutions, but they are neither cheap nor simple for a small business to use. Hotspot management tools suffer from usage complexity, user base disparity, and zero brand recognition.

OVERVIEW

The IUNGO will provide public Wi-Fi access. Service providers will be deploying Wi-Fi sites by installing and registering access points for public use. Service consumers will be able to use the IUNGO mobile wallet application or the IUNGO website to locate sites providing access to the IUNGO network. When in radio proximity to an active access point, a consumer's device will access internet services and pay for services used. There will be two levels of access security and two payment methods available. Wi-Fi access will be delivered by Wi-Fi access points installed and operated by service providers (IUNGO community members). Access points will provide customer devices with physical access to the Internet directly, via existing connections to Internet Service Providers or indirectly via transport gateways operated by service providers having carrier status (with legal immunity from liability in respect to content transferred).

BUSINESS MODEL

IUNGO will operate initially with a freemium concept. We are used to having free WiFi (in the developed world), but instead of standard security for providers and users, some premium services will come at a cost. For users, premium services will include VPN for Total Privacy, Enterprise-grade security for traveling professionals and extremely high speed. For businesses, the premium services will include Marketing tools like user emailing services and in-app advertising. Premium services will be paid for in IUNGO tokens by both users and providers via the IUNGO wallet.

STRATEGY

Local evangelists, tech support program (Geographically based IUNGO ambassadors affiliate program) will receive 1% of transactions they are involved with. A substantial amount of budget will be allocated for public awareness, consumer marketing and B2B sales and marketing. The HORECA and MICE industries (events, exhibitions) will be a particular area of focus for these campaigns. WiFi providers who choose IUNGO will be provided with industry-leading tools to generate metrics for the business owner — retention, returning customers, usage stats, abuse counter measurements (web, https, email), bandwidth limitation.

IUNGO MOBILE WALLET

The IUNGO mobile wallet is a dedicated software application which enables seamless connectivity to the IUNGO network. When permitted by the consumer, it will connect to any IUNGO access point or public IUNGO web-service and will download the dataset of any IUNGO Wi-Fi sites available nearby. The downloaded dataset will be cached by the application for later use. The application user will be able to see all IUNGO enabled Wi-Fi sites and associated information on the map. The IUNGO mobile wallet will be able to login to existing IUNGO cloud wallet accounts using a remote identity or create and use a locally generated identity.

PAYMENT

All payments in IUNGO network will be token based. IUNGO ORG will generate IUNGO tokens sometime after the ICO event. Tokens will be backed by ERC20 compatible smart contracts on the public Ethereum network. To facilitate faster payment cycles, an of-chain micropayment mechanism will be utilized. In addition to standard ERC20 functions available for invocation, the IUNGO Token contract will expose functions needed to set-up and synchronize one way, zero trust, state channel based off-chain micropayment channels.

ADVANTAGE

IUNGO network will enjoy seamless connectivity, worldwide access with one account, always secure web access, instantly become a part of the global network, VPN services, help connecting developing regions get paid for services provided, It's like Airbnb for the internet access.

CROWDSALE DETAILS

The IUNGO crowdsale and the corresponding token creation process will be organized around smart contracts running on Ethereum. In Total 100 Million, IUNGO tokens (ING) will be created. Participants willing to support the development of the IUNGO Project can do so by sending Ethereum to the designated address, or by contributing throw IUNGO platform. By doing so, they are purchasing IUNGO Tokens (ING) at the rate of 1000 ING per 1 ETH which will be sent to their wallet. During the token sale, several rounds (Tiers) will be organized with different Bonus, Discount rates, and payment methods.

Total: 100 Million ING
Tokens For Sale: 64%, 64 Million ING
Token Symbol: ING
ING Token Generated Per ETH: 1000 ING
Soft CAP: 8 Million ING
Hard CAP: 40 million ING (reduced from 64 million)
Date Of Crowdsale Start: 7th Of December,
Date Of Crowdsale Ends: 2017 31st of January, 2018