Iungo Is Creating A Global Wi-Fi Network With Blockchain
Iungo is working on a truly exciting project and platform. They are creating an open source platform which allows for any person to provide local internet via Wi-Fi. This platform is built using the Ethereum blockchain for security and transparency. When people provide this service, they are compensated for it with ING tokens.
With the Iungo network, you can have worldwide access using only one account and have seamless connections. It is very secure and easy to become part of the network. It will also have virtual private network services available. The service is really going to be great for people who are traveling. You will not have to worry about not having access while you are away.
Users will have two options for service, free and premium. The free option allows for free use of hotspots, great security, a map, statistics, and apps available for both Android and iOS operating systems. The paid service has usage of virtual private network service, no advertisements, faster speeds, and unlimited bandwidth. This is in addition to all of the great free features. If you participate in being a service provider, you will be able to have some revenue sharing. This could be a great way to earn some additional income. If you are a provider, Iungo will take a three percent transaction fee. There is another one percent that goes to a Gateway operator, and also one percent for a referral is possible. Then the remaining ninety five percent goes to the provider.
The launch of the network will occur in 2018, with more work being done as time goes by. The size of this market is huge and growing every day. It is estimated that there is about eight to nine percent growth each year. I am really excited to try out the network once it is launched. Tokens are currently available for sale, and then they will start trading on exchanges soon after the initial sale ends.
Iungo bitcointalk thread: https://bitcointalk.org/index.php?topic=2316456.0
my bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457
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Read about this earlier today. Seems very promising but I still feel that for a system/crypto of this type it will need more backing