cryptocurrency and social services platform
Indicoin is a cryptocurrency which being autonomous and decentralised provides a social service platform with each member of the community contributing towards the betterment of the society and also earning through it. Apart from that, it is also a blockchain based social media and anonymous incentivising content curating platform.
Indicoin is built to empower a market of billions of people who currently do not have access to digital currencies across the nations. To reverse such trends, and help people being engaged in technology, the first ever social platform is built which includes transparent distribution of the tokens using Smart Contracts, an absolute fair for all, unbaised consensus system and also a democratic voting process and a reward sharing system. The technology that powers Indicoin is an ethereum based blockchain and also IPFS as a storage client.
To start with, any user will have the option to enter his own ethereum node address or ipfs node address. After which the user can get an Indicoin address for himself. Then the user has to send ether to the address he/she receives, to get the ERC20 token registered. The user can follow various means along with full anonymity for providing proof of work on Indicoin platform including live videos, pictures or documentational proofs by utilizing a monetory value for it. The proposals uploaded will undergo a validation process of a transparent and unbiased public voting. After which the proposal will either be approved based on the positive votes received or disapproved declaring the proposal as fake. Irrespective of the proposals declaration, the community members will be rewarded. If a proposal is approved all the upvoters and social workers are rewarded else downvoters gets the reward.
Hence this system will encourage more people to join Indicoin community as a part of inner satisfaction of doing something good, and also earning a reward through it forming a win-win situation for everyone.
Indicoin is an experiment designed to address the challenges in cryptocurrency and social service by combining the best aspects from both.
Check out Indicoin’s Official Website- www.indicoin.org.in or link up with the community of Indicoin’s Telegram Channel by following this link https://t.me/Indicoin to get all recent updates.