Indicoin is an autonomous cryptocurrency and a social service platform built on top of Ethereum Blockchain that enables users to provide social proof to the blockchain community through a decentralized and transparent voting process thereby incentivizing and encouraging the user to create an inclusive community of people who are incentivized to do social tasks. It is the first ever social platform where people can not only contribute but also validate through any kind of content posted anonymously from anywhere, anytime and also earn through it.
Indicoin recently launched their Pre-Sale on the Midnight of 10th September 2017, going live as “India’s First Cryptocurrency & Token Sale”. Varad Shambhawa, Community Admin & Lead Developer from Indicoin mentioned that they were skeptical about the Pre-Sale as India comes very new to Cryptocurrency and only 0.5% of the population in India invests in Bitcoin. It was a big challenge for the team to overcome.
“When we started working on this project back in November 2016, we didn’t expect such huge turnouts in the Pre-Sale given that Indicoin is India’s First ICO. Not to forget we started on 15th August 2017 with a small announcement on Bitcoin Talk.”
Speaking about the vision for Indicoin, He said Indicoin is a platform that relies on blockchain technology and cryptocurrencies to restructure the way a lot of our daily routines are carried out. The idea behind Indicoin is to create an inclusive community of people who are incentivized to do socially positive and constructive tasks. This creates a new paradigm in which technology is infused with our social fabric. It greatly increases the area of impact for various associated technologies and makes everyone a part of the global internet. While at the same time also providing a platform to express and impress.
The Pre-Sale collected about 900 ETH running from 10th September – 20th September 2017. The lead developer highlighted the essence of a Pre-Sale, it has given an initial boost to go up and about it with the plan. He also mentioned, “Indicoin shall redefine social service and give it another leap. Blockchain has unlocked a huge potential for the Social Sector to redefine their model and India is the rightest place to start and a very much needed crowdfunding of Social Service. Today, people are running back after making hefty monetary gains at the cost of the society, environment and various
“Indicoin shall redefine social service and give it another leap. Blockchain has unlocked a huge potential for the Social Sector to redefine their model and India is the rightest place to start and a very much needed crowdfunding of Social Service. Today, people are running back after making hefty monetary gains at the cost of the society, environment and various other incentivizing factors in accordance with this, they should also change the way social service functions. Indicoin shall be able to deliver on these lines”
Talking about the viability of the project he mentioned that India is a country which has the population of 17% of the world and about 22.5% of the people fall below the poverty line as per the Govt. data. There lies a big scope for the development in the country with a whopping 50% population below the age of 25 and 65% of population below the age of 35. It has a vast potential to adopt this cause. Also, in turn, it is a community building that shall act as a boon for the whole sector and reach out the last man in the line. Apart from the social objective, it is highly taken into consideration about the investor’s trust, to bring liquidity to their investment we have partnered in with a leading exchange, HitBtc.com to list us on the exchange and provide liquidity to the Indi Coin Holders.
The ICO for Indicoin shall be launched on 1st October 2017, It’s objective shall be to reach out every hand going in support of our cause. We are also planning to list our ICO on the exchange for more user convenience. Also to start with our on ground operations, we shall come up with partnering the pioneers of the Social sector and taking their guidance for linking the platform to maximize our cause.