Online.io Token Distribution

zooom (31)in #ico • 6 years ago

Online security and privacy are major concerns for everyone. We live in a digital age where every single activity of yours on the internet can get tracked by someone. There are companies that make a digital profile based on your movements online. This profile is then sold to ad services who use this to display ads on the websites you visit.

Another issue with the current ad services is that there is no guarantee that they are safe. Ads with many malware integrated into them and websites with mining scripts are increasing at a rapid rate.

Currently, there is no method that we can use to evade all these. Hence, online.io came up with an ICO project to help make the internet a better place.

Unlike all the other ICOs, Online.io has a very unique token model. The platform uses a total of three different tokens.

However, only one of them is available in the token sale.

Details of the tokens:

The three tokens on the Online.io platform are:

Online Token (OIO):

This is an ERC20 token issued during the token sale of the ICO. The main use of the OIO token is to kick-start the project. Out of the total OIO tokens sold during the ICO period, 15% of the tokens will be reserved for the team.

OIO token will all be available for users to trade on most major exchanges. Additionally, users can also stake the OIO token in order to receive the ICE tokens. Website owners will also receive ICE tokens when they implement Online.io service and process OIO tokens on their website.

20% of the ICE tokens generated will be distributed to the people who stake the OIO tokens in specialized wallets. All the OIO tokens that are required to manage a website are kept in an ERC20 wallet.

ICE token (ICE):

The ICE token is distributed in the following way:

20% of the ICE tokens mined will be distributed amongst the people who stake the OIO token in specialized wallets.
20% of the ICE tokens generated will be distributed to the developers of the project,
The remaining 60% will be given to the website operators who use the Online.io service and process the OIO tokens.

The tokens given to the website owners depend on the amount of time each visitor spends on the website. Usually, the more ICE tokens a website receives, the better the services offered by the website. This ICE token received increases if the user time spent and the user experience is better.

The total supply of the ICE tokens is truly unlimited. However, the tokens generated decreases by 30% each year for 10 years. After this time period, the tokens generated each year remain constant.

Trust Token (TST):

The trust token is a non-tradable token offered to the visitors of the website. Users will receive these tokens based on their presence online. Users can use these tokens to vote for their favourite websites, thereby, helping them prosper.

This is the only non-ERC20 token available. The TST token runs on a private blockchain to save all the gas charges from using the Ethereum network.

Conclusion

The ICO period of this project has already started. You can currently buy the OIO tokens using seven different cryptocurrencies. The tokens sold are ERC20 tokens, so you must provide an ERC20 supported wallet in order to receive the tokens.

Currently, the OIO tokens are being sold at $0.04. However, once the project goes live and the token hits the exchanges, the price will go high. Hence, get into the project when it is still very new so that you can reap the best of the benefits later.

For more information on the OIO project, be sure to check out the Online.io website and join their Telegram Group to stay in the loop!

Disclaimer: The information provided in this article is focused primarily on bringing the facts out of the white paper to supplement your due diligence. Please do your own research and make up your own mind.