Hello guys, I am pleased to have you again on my blog article. I strive to provide you with latest ICO projects after conducting a background research on the project and its feasibility. In today’s article I will be discussing an ICO project whose operation definitely covers your activities. It is no other project than Online.io, I know you are keen to learn about this ICO project and how it will benefit you as an investor or participant.
The internet and current challenges
Since the invention of internet by United States government in the 60s, a lot of advancement have been made through the internet. The internet has been as link to connect the world together. A source of revenue for host companies, web developers, service providers, businesses and user. The internet is designed to connect computer and smart devices globally through millions of interconnected network using a protocol suite. For anyone to connect to the network there must an internet service provider (ISP). As users we pay to these providers through subscription to our modems and Wi-Fi to access the internet. Some website offer services which can be termed free like information, dating, and social support to meet users need. Take for instance the common social media sites like Facebook, Instagram, Twitter, etc. access to this website is free, you don’t pay to register and use the website platform. That could be tricky if you look at the website at superficial level. The big question to ask is how these sites generate revenue to be online and still serve the user. Most websites subscribe to advert companies and promotions, they post ad banners and pop-up forms of other businesses and get rewarded as people view, click, subscribe to the service, purchase the product. Even the free ones are accepting freewill donations from its users as a support to their service. The worst is use of cookies to track your browsing and collect data to sell to big companies who needs it. Some may offer limited service or integrate a time delay to the information for free users while premium users have full access and speed of website loading. At this point you the internet is no longer free to the users’ choice of contents and browsing experience. In recent times internet users have witness a large abuse through aggressive and annoying ads clustering their screen when the visit a website. Online.io is launching a product to provide a free internet for all where users can truly browse the internet free of ads, tracking, malware, etc.
Online.io blockchain Solution
Online.io platform is designed on blockchain to free the internet from unwarranted monetization which affects browsing experience of the users. The blockchain solution is aimed at redirecting the revenue source from ads, donation, subscription, etc. to time spent by users and activities on the website. This will ensure that end user are not making paying directly or indirectly for access to the website. The architecture is designed to allow website ooperators and users register on the blockchain. The platform stores statistics of users’ activity for each website. The activities includes time spent in a session for user who stayed more than a minute, total number of minutes spent that session. The user is allowed to rate the website from 1 – 5 star rating. The user earns ICE token for time spent after the calculation is done on the blockchain while the website earns based on the rating given by users. The higher the rating the more ICE token will rewarded to websites. These token can be exchanged with the merchant system which is part of the ecosystem for fiat currency or ICE to pay for a service. Online.io is creating an ecosystem which will comprise of desktop browser extensions which can block ads and tracking scripts, act as secured anti-malware wallet, provides an algorithmic voting system that rates websites. The second component of the ecosystem is a mobile application with same capabilities of the desktop browser extension. The need for mobile application is because of the larger number of users on smart devices than desktop browsers. Another component is a wallet to hold the ICE tokens earned by the user, Marketplace for ICO token exchange or payment for some products, and a flexible merchant system which allows users to receive reward as ICE token of fiat currency.
Online Token Model and ICO sale
For the smooth operation of this technology, Online.io have developed three token mode to be used
Online Ethereum Token (OIO): This is the key token on the platform which web operators to acquire and mine through proof of stake and proof of online algorithms.
ICE Ethereum token (ICE): This token will be utilized for daily transactions at the merchant system.
Trust token (TST): It is a private token which will not be available for public trading. Its purpose is to stimulate users to rank websites and for ranking games.
To fund this great project requires investments and Online.io is providing opportunity to investors who believe in their project to acquire token through their ICO sales that is ongoing. Currently Online.io have raised (USD): 45,926,345 from 1,489,318,122 OIO Tokens sold at a price of $ 0.04 per token. To learn more about Online.io and their token sale, please visit the links below.
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Content Author Details
Username: Finixfly
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