Hello everyone in this article I will present an interesting ICO analysis, called iTrue, based on the following criteria:
What is iTrue?
iTrue is a Blockchain-as-a-Service (BaaS) solution that features a built-in authentication system with biometrics as its core microservice. Companies and developers can use the platform to authenticate their users, to build their own blockchain network, and to earn rewards from a fair exchange of data. Users can use the platform to conveniently and securely get authenticated, control how their data is used, and earn by sharing their personal data in a controlled manner.
The iTrue Token Economy
Participants can benefit from the Token Economy through two main sharing models:
01. Marketplace For Data
Contractors: Entities that collect and process data (such as mobile service providers, banks, insurance companies, e-commerce, event and service companies) earn tokens from inserting data into the platform;
They can also exchange with new data inserted by other entities.
Clients: Businesses that require data for their operations (such as advertisers) can simply acquire the data they need with tokens, which are shared with the Users or Contractors that provide such data.
Users: Individuals can actively share their data with Contractors and Clients, in order to earn token rewards. Users are informed about each request for their data, which needs their approval.
02. Marketplace For Decentralized Apps
Developers: Third-party developers can build decentralized applications that take advantage of free\paid microservices and earn tokens when users and businesses either use these turnkey solutions or request for customized apps. Third-party developers can build iTrue microservices that other devs can utilize in their own apps.
Businesses: Businesses that require data for their operations (such as advertisers) can simply acquire the data they need with tokens, which are shared with the Users or Contractors that provide such data.
Users: Individuals can actively share their data with Contractors and Clients, in order to earn token rewards. Users are informed about each request for their data, which needs their approval.
| Token Sale Term | |
|---|---|
| Total number of tokens | 8 billion |
| Nominal value of token | 1 ITU = 0,003 USD |
| Token type | ERC-20 |
About iTrue Fondation
The iTrue Foundation is aimed at motivating and rewarding developers to come onboard the iTrue platform, thus helping in enhancing scalability in terms of expansion to new markets.
Goal
Disrupt the way decentralized apps are built, with increased focus on user privacy and fair data exchange without dependence on devices.
ROADMAP
Follow our roadmap as we build scalable Self-sovereign Biometric Identity solution for decentralized Web
To find more relevant details from the iTrue project, please follow a number of sources for the following references:
WEBSITE
WHITEPAPER
FACEBOOK
TWITTER
TELEGRAM
Bitcointalk username: Aray80
