AIGO: The cryptocurrency payment system.

blickrank (25)in #ico • 5 years ago

The AIGO project is a specific protocol for e-commerce. The project offers its users the ability to restore payment space in a flexible mode and at the same time ease of use of credit cards in the blockchain technology itself. The development team in the future to offer its users a full payment system that takes place in the business world.

Vision and Mission:

At present there are many obstacles that prevent the purchase of goods with cryptocurrency if the holder does not convert to fiat currency. Adopting many crypto payment networks such as AI-Payment can result in crypto currency holders being able to transact directly with traders without having to go through additional banking layers. By promoting protocols for high and large transaction volume industries.

The Aigo project originated a few years agone in founder Peter Voss’ realization that even the most effective code of the day, as well as his own , was ‘brittle and stupid’, lacking good judgment and reasoning. Any scenario a computer user doesn't anticipate produces undesirable responses or crashes the system. once exiting his productive ERP code company, Peter spent 5 years finding out elementary ideas of intelligence. His journey lined philosophical and epistemic queries like “what is reality?”, “what is knowledge?”, and “how can we get data and certainty?” Peter explored definitions of intelligence; worked on a psychology project to grasp mensuration dimensions of intelligence; studied variations between animal and human intelligence; and learned concerning psychological feature development in kids. Naturally, he explored code engineering, as well as knowledge-bases and language development, and therefore the several subfields of computing, like system of logic, rule systems, neural nets, machine learning, and psychological feature design

AIGO - Ecosystem

Each card swipes or makes a complicated process, because payment data is generated and sent through a complex network of related private interest activities, each of which costs to drive transactions through:

Card network, which acts as a central point that facilitates transactions between users and acquiring entities, when building protocols and other parties involved in card processing are asked to follow them.

They provide access to payment terminals, processing and withdrawal services, as well as bank accounts where stored funds can be saved (Secure Online Wallet).

Problems of banks and processors - maybe deposit holders or related credit card account, because it provides various levels of back-office support, the main goal is to increase security when transferring payment data.

Terminal Payments and interface services - Services like this serve as a portal that connects eCommerce traders and users. Subsequent payments can get personal benefits by offering additional services such as analysis and reporting of transaction results.

In this project were carefully selected partners. Since the developers see the prospects and the great potential of this development. The introduction of this technology will allow people to expand their capabilities, both in terms of the quality of payment in a convenient way, and also by earning income.

It should be noted that in the support system itself, which involves the interaction of AIGO tokens, it will be combined with the application. All this will be processed through AI-Payment.

Motivation

For now, the dominant payment methodology for on-line or offline purchases through payment cards (credit cards, debit cards, paid cards etc.). the matter is that the payment card developed in 1950, before the existence of private computers and therefore the web. They were originally designed for offline transactions, wherever customers in agreement to transactions by sign language manual receipts, payment cards weren't designed to handle fast trendy for our economy within the world.

Their quality is basically because of the shortage of acceptable alternatives to electronic payments. the utilization of payment cards extends associate asynchronous system, which implies it suffers heavily from infrastructure inefficiencies

AIGO feature:

AIGO – Chain

AIGO will initially be introduced to the Ethereum network but intends to use other networks to develop signs in the future. The AIGO solution consists of several smart and unique contract components that come together to create a flexible AI-Payment Chain.

AIGO – Wallet

A dashboard of accounts is used to view account details and to connect wallet-to-wallet. Wallet is the user's private key holder, whether the user executes an action or approves the wallet via the blockchain. AIGO-Wallet will facilitate the interaction of bill payments and between accounts. This interaction consists of PullRequests, approves transactions, shows transaction history, and displays account balance. We will develop two versions of the AIGO-wallet.

AIGO – Store

A marketplace that supports AI-System, the purpose of this system is to allow users to buy goods without confirmation from the center, which is instant without a significant time lag. This is one of the AIGO Platforms that has something unique from other e-Commerce. make traders try and find out how a marketplace supported by AI-System, pays using digital currency or fiat currency (EUR, USD, CNY). Each transaction will be charged a fee and get a point where that point can be exchanged into AIGO tokens or Cashback from the price of the item.

Token and ico

At the moment, the project is conducting a preliminary sale of tokens which will be held from July 5 and will last until July 20, 2019. The cost of the token will be 1 AIGO = $ 0.002. 200,000,000 AIGOs have been issued for this sale. In the future, the project will conduct an IEO program, which you can learn more about in the links below.

Blockchain and AigoTokens The AigoToken is Ethereum-based exploitation the ERC223 token customary.

The ERC223 token customary provides various advantages to the Aigo Community including:

• sensible contract practicality for secure trade and royalty distribution
• Self-governance and preferred operation, management, and potency
• Lower dealings fees compared to existing blockchain choices
• exaggerated knowledge security
• complicated sensible contracts for distribution of royalties
• Instant and clear accounting
• quantifiability with dealings volume will increase

Allocation Tokens

50% : AIGO Pre-Sale and IEO Sale

17% : Reserved Funds
13% : Founders and Core Team ( Lock 1 Year )
10% : Development, Product Testing and Beta Testnet
5% : Marketing cost for Partnership or Market Maker
3% : Allocation for Advisors
2% : Community Campaign (ex. Airdrop and Bounty)