Inocoin - Smart Money meets Smart Ideas
![IMG_20180627_062919_381.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmZYK8RrH87t8K2DbqrA2kQULfojqMmTkyjegg7QMGRRCD/IMG_20180627_062919_381.jpg)
Did you know that the creators of WhatsApp tried to pitch their idea to Facebook but were dismissed? Did you know Facebook later bought WhatsApp (they rejected when it was a few thousand) for $19.3 billion?
Did you know that up to a year after Satoshi Nakamoto brought out the idea of Bitcoin, it was still worth less than a cent? Imagine how much profit you would have if you had gotten that information early and invested. How would having 100,000 Bitcoins make you feel right now? Information is power eh?
Many companies or individuals often find themselves looking for the next WhatsApp or Bitcoin to invest in. But they are often too busy or simply don't know where to look.
Investors also can't afford to be reckless and dive into any thing that sounds nice (Ponzi scheme anyone?) as there is the possibility of fraud. There is need for a reputable verification system for projects.
On the other side,
Many sharp minds in the world are filled with great ideas. But lacking funding, they give up hope and the world misses out on what would've made it a better place.
Many people with ideas simply don't roll in the same circles with the rich folks and so can't even get the opportunity to pitch their idea.
There is also the fear of their ideas being stolen if they say too much in order to get funding.
How do we resolve all these fears and problems at once?
Introducing INOCOIN
What is Inocoin?
Inocoin is a global blockchain startup platform. It connects prospective investors to promising ideas who need funding.
With Inocoin, anyone can be an investor or innovator. The criteria is simply if you have the funds or a profitable idea. There is a bias as to age, income, religion, race etc. Users simply need to register on their site and select whether they are investors or innovator.
User Case Scenario
Akin is an African with intensive knowledge of Applied Physics and Electrical Engineering. He has discovered a new piezoelectric material that is native in his country and aims to create a machine that utilises this material to generate power at a very cheap cost. The problem? Akin is a poor man and cannot afford to run test trials and get the raw materials and parts he needs to built his device.
Akin learns about Inocoin, signs up and opts in as an innovator.
Akin creates a new project entry on the site and posts it for all to see.
The Inocoin community reviews Akins proposal and are intrigued by it so members Like it to vote for it to be considered. Interested investors then click on Akin's entry and read his presentation about his idea. They love it so they click Boost and enter how much funding they wish to back Akin up with.
When the funds are sufficient, Akin is able to purchase the materials he needs and creates his device. It is an instant success and Akins investors are credited as part owners/shareholders. When mass production kicks off, the investors reap great rewards for their good investment.
![IMG_20180627_061819_313.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmPeDvGonxM4WsvTXCozvyhvSScVavVKTi3U9Aao4qpbJc/IMG_20180627_061819_313.jpg)
Why Is Inocoin The Best Option For This?
- The entire funding process is handled by smart-contracts. These smart contracts connect the investor to the records of the innovator and ensure that the money invested is not fraudulently taken.
- Investors are not diving blindly into investments but are shown trustworthy projects voted on by a well-analysing community.
- Smart contracts connect the investors and the funding account of the innovator and ensure that the innovator delivers as they are under watch of the investors.
- Inocoin is supported on all devices. From Windows to Linux to your mobile phone. This makes everything easier as users can perform functions with just a few clicks on their phone.
![IMG_20180627_061848_552.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmPVK7dp9rTY2JKFCbqLGYntx3ARmnFGzCViJdyXjUhGEH/IMG_20180627_061848_552.jpg)
INO Token
The Inocoin ecosystem will be powered by the INO token. This token will allow users to become stake holders and empower them to vote(like) on promising projects that investors are interested in. All transactions and activities on the platform will be done using INO tokens.
Inocoin will not be doing an ICO but will soon list their token on major exchanges to give everyone a fair chance to get involved.
You can however get some free coins by completing bounty tasks here
The Team
The Inocoin team is led by CEO Metin Ismetov. It is a diverse coalition of sharp minds with the common goal of uniting promising ideas with smart investors. The team has a plethora of experience in different fields ranging from Information Technology to Finance to Blockchain and Software Engineering.
Their road map is illustrated below
![IMG_20180627_061923_488.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmYD8JMpYwciNUHhVuGY7Kg5N9pvRBGHkKJMyuGpS25PWw/IMG_20180627_061923_488.jpg)
Final Thoughts
Inocoin comes with real solutions to fear and uncertainty in the investment business. No one wants to lose money. And no one wants a revolutionary idea to die in its tracks. By uniting both legitimate parties Inocoin aims to push the world further and develop a trustworthy network of great minds and investors sharing knowledge and wealth. This is something everyone should get involved in.
For more information on this project you can visit their site here
and read their whitepaper
You can reach the Inocoin team on any of their social channels
Facebook | Twitter | Telegram | Discord | BitcoinTalk | Reddit | GitHub
You can join this @inocoin and @thesteemhouse sponsored contest here
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