What is Internet of Things
To explain the INT project, we first need to understand what the Internet of Things (IoT) is. IoT is the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data. To put it simpler, it means taking all the things in the world and connecting them to the internet.
Okay, so why is this such a big thing you may ask. Well, connecting devices to the internet can have many benefits. Devices can: 1) collect and send information, 2) Receive information and act upon it, 3) do both. For instance, moisture sensors can gather data about the soil to tell a farmer how much to water the crops, but you don't actually need the farmer. Instead, the irrigation system can automatically turn on when needed, based on how moisture the soil is.
Internet Node Token
Now that we know what IoT is, we can see how this coincides with the INT project. IoT has developed rapidly in recent years; however, concerns have been raised regarding the standards of communication and data exchanges among manufacturers. To combat this problem, INT aims to build a new IoT framework that improves the interconnection and standards within the whole network. The INT token will be used to facilitate the resource/data exchange between nodes and heterogeneous networks (network connecting computers and other devices with different operating systems and/or protocols).
INT Initial Coin Offering (ICO)
In total 1,000,000,000 INT tokens were created during the ICO, of which 250,000,000 tokens were distributed and are now in circulating supply. At the time of the ICO the price per token was around $0.10 and is, at the time of writing, trading for $0.41.
Team
The team is strong and has a vast amount of experience in blockchain and IoT Technology. Yin Xiangyu (co-founder) is one of the earliest advocates of IoT and was involved in IoT research as early as 2002. Also, Wang Hongwei has 10 years of technology research experience in the field of IOT and lead HUAWEI's first industrial route AR531 device.
Besides a strong team, INT also has some strong partnerships with: Huawei, RUFF, IBM, IMECAS and Zhejiang University.
Where can I trade INT?
Currently, INT trades on OKEx, Allcoin, Coinegg, CoolCoin, Yex and Etherdelta. More exchanges are expected in the near future.
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