INVECH: Government-supported Digital Currency Exchange
What is INVECH
Invech Cryptocurrency Exchange is an exchange of cryptocurrency pioneered by Invech Group. Invech Token runs on Ethereum (ERC20) network. Invech Group is licensed and supported by the government of Timor Leste to implement and regulate, block chains and related cryptocurrency operations such as exchanges, ICOs, mining, consulting, and others. We aim to make East Timor the first Smart City of Blockchain in the world and bring development to the postwar country. Invech's cryptocurrency exchange allows users to access global platforms; better, faster and cheaper transactions, job creation, opportunities, etc. In addition, a portion of the profits from all transactions on the exchange will be paid to Timor-Leste through taxes.
Aim INVECH Goup
Our goal in 2019 is to create a safe and separate blockchain under Invech, where Invech's cryptocurrency exchange will migrate and at the same time serve the government of Timor-Leste in the Invech government blockchain service, along with the use of cloud computing and decentralized applications. and artificial intelligence.
Problems to be solved
Inadequate human resources. The quality and training of highly qualified specialists will increase. So the company believes that investment in education, experience and capabilities of employees in various sectors of the economy will be a great success in the development of the economy as a whole.
Uneven income distribution. The company agrees, that uneven income distribution leads to the formation of extreme poverty. According to statistics, 70% of state revenues are controlled by 20% of the country's population. First, a lot of attention will be given to compulsory secondary education. Because it is noted that in countries where secondary education is underdeveloped, there is little difference in income levels. Second, decent wages, the influence of trade unions, the emergence of highly skilled labor and high-class technical workers will also lead to an increase in overall income.
Lack of national currency. After the occupation, East Timor received the US dollar as its main currency. Therefore, the state cannot carry out banking policies properly. as:
- Inadequate human resources. The quality and training of highly qualified specialists will increase. So the company believes that investment in education, experience and capabilities of employees in various sectors of the economy will be a great success in the development of the economy as a whole.
- Uneven income distribution. The company agrees that uneven income distribution leads to the formation of extreme poverty. According to statistics, 70% of state revenues are controlled by 20% of the country's population. First, a lot of attention will be given to compulsory secondary education. Because it is noted that in countries where secondary education is underdeveloped, there is little difference in income levels. Second, decent wages, the influence of trade unions, the emergence of highly skilled labor and high-class technical workers will also lead to an increase in overall income.
- Lack of national currency. After the occupation, East Timor received the US dollar as its main currency. Therefore, the state cannot carry out banking policies properly.
Company mission
- Introducing alternative currencies through the creation of INVECH tokens.
- Attract foreign direct investment and reduce unemployment.
- crowdfunding regulations through a controlled process.
- Fully tokenize tourism and agriculture in Timor Leste.
- Increasing human capital and opportunities for the local people of Timor Leste.
- Give advice to the government in the field of blockchain and resolve problems related to this technology.
- Provide education and training to improve living conditions in this country.
ABOUT TOKEN
INVECH Token
Token IV is the basic token used by Invech on all of its projects. For starters, this can be used as a platform token for the Invech Crypto Currency Exchange, and can later be used on all 9 businesses licensed by Invech. 500,000,000 IV token units have been made on the ERC20 platform, and the number will never increase or decrease.
How is this used?
IV Tokens can be used in exchange for paying transaction fees or external exchanges where IV is a payment method that is recognized primarily in Timor Leste.
About Initial Exchange Offers (IEO)
The IEO will run for 60 days and will not be sold to Timor Leste - Invech Foundation with a validity period of 3 years.
PASHE 1
Duration: 30 days
Number of Tokens: 75,000,000 IV
Discount: 20%, Locked for 6 months
Price: US $ 0.32
PHASE 2
Duration: 30 days
Number of Tokens:
100,000,000 IV discount: 10%, locked for 9 months
Price: US $ 0.36
IEO SALES
• 175,000,000 IV is open to the public
• IV Tokens that are not sold at the IEO will be given to the East Timor-Invech Foundation with a 3-year waiting period.
• Soft Cap: 75,000,000 IV tokens (USD 24,000,000)
• Hard Cap: 175,000,000 IV tokens (USD 60,000,000)
Token allocation
Budget allocation
Roadmap
Team
More info follow this link:
• Website https://invech.io/
• ANN https://bitcointalk.org/index.php?topic=5052844.0
• Whitepaper https://tokensale.invech.io/documents/ieo-whitepaper.pdf
• Invech sales token https://tokensale.invech.io/
• Facebook https://www.facebook.com/InvechExchange
• Twitter https://twitter.com/invechexchange
• Telegram https://t.me/InvechOfficial
• YouTube https://www.youtube.com/c/InvechExchange
• Average https://medium.com/@bountyinvech
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