Internet of Coins, a secure wallet to store cryptocurrencies and smart contracts and trade them without centralized exchanges today announced they will launch their fundraiser on the OpenLedger Decentralized Conglomerate (DC) on March 21st, 2017.
With an easy-to-use interface to manage multiple coins and assets, users of Internet of Coins need no advanced technical knowledge to work with cryptocurrencies.
Furthermore, the platform acts as an interface to smart contract systems, decentralized communications, and distributed notary functions.
Existing wallets will need no changes or adaptations to have their blockchains and value systems connected to this decentralized network.
Internet of Coins gives users the option to exchange currencies with anyone in the world, without dependency on a centralized third party. Compatible with every currency available, users can receive, send and swap, making fluid trades of value from and to any blockchain available.
The official token of the Internet of Coins platform, termed HYBRID, serves two main purposes:
1) It provides a coherent store of value across multiple blockchains, diversifying risk.
2) It serves as the vehicle to swap value between the different chains they are registered on. This will allow users to exchange value without the need for a centralized external third party.
HYBRID tokens will be freely tradable after July 1st, 2017.
Joachim de Koning, Founder of Internet of Coins, explained:
“From July 1st 2017, we will release the tokens to fundraiser participants. Tokens will be released on the user’s blockchain of choice. Due to the hybrid nature of the token, it can be used on multiple blockchains.”
“Our goal is to make every cryptocurrency autonomously part of a large swarm of decentralized economic activity. We want to do this by enabling every cryptocurrency user to create hybrid assets that interconnect value systems and blockchains.”
“The source code to make this possible will be open source, non-commercial and freely available, to enable the impartial establishment of the Internet of Coins.”