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The Democratic Republic of Timor-Leste, or Timor Leste in English, is the First New Sovereign Country in the 21st century. Located in Southeast Asia, with a population of around 1.3 million. Bordering Indonesia, a sovereign country consists of the eastern part of Timor island and several other nearby islands. This country returned its sovereignty in 2002 after the Indonesian occupation. The decades of struggle for East Timor's independence against Indonesia damaged much of its economic infrastructure, making it the poorest country in Asia.
At present, they are still rebuilding and correcting difficulties before independence. And Invech hopes to become a channel for the people of Timor Leste to improve and change economic status. Thus, creating a sustainable economy, and at the same time smart and advanced technology, the blockchain country.
Invech Cryptocurrency Exchange is an exchange of cryptocurrency pioneered by Invech Group. We have our own platform token called Invech Coins or IV which runs on the ERC20 platform. Licensed and authorized directly from the Government of Timor Leste, our licenses cover the entire framework of the blockchain and cryptocurrency, including cryptocurrency exchanges, ICO, mining mining, blockchain solutions, etc. This is also the first blockchain / cryptocurrency service out of Timor Leste.
- To introduce alternative currencies through the creation of Invech Tokens.
- Bringing foreign direct investment & reducing unemployment.
- Manage crowdfunding through a controlled process.
- To fully give tokensize tourism and agriculture in Timor Leste.
- Increasing human capital and the capabilities of the local community of Timor Leste.
- To provide advice and consultation to the government about matters related to blockchain and technology.
- To provide education and training to improve livelihoods.
The aim of INVECH is to improve living standards using blockchain technology. The result is the creation of a stable and growing digital economy. The basis of this platform is INVECH's cryptocurrency exchange. This exchange is fully licensed and approved by the government of Timor Leste. Exchange has its own tokens that are made in accordance with the ERC20 standard. The Democratic Republic of East Timor borders Indonesia and is located in Southeast Asia. The population is around 1.3 million people. Occupying the eastern part of Timordan some nearby islands. This country regained its sovereignty in 2002 after the Indonesian occupation. The old struggle against occupation has weakened many economic infrastructures. As a result, East Timor is one of the poorest countries in Asia. The INVECH company hopes to become a reliable support for the country to strengthen and change the economic situation. In addition, to create a blockchain country that is educated and technically competent.
The company will solve serious problems such as:
- Inadequate human resources. The quality and training of highly qualified specialists will increase. So the company believes that investment in education, experience and capabilities of employees in various sectors of the economy will be a great success in the development of the economy as a whole.
- Uneven income distribution. The company agrees that uneven income distribution leads to the formation of extreme poverty. According to statistics, 70% of state revenues are controlled by 20% of the country's population. First, a lot of attention will be given to compulsory secondary education. Because it is noted that in countries where secondary education is underdeveloped, there is little difference in income levels. Second, decent wages, the influence of trade unions, the emergence of highly skilled labor and high-class technical workers will also lead to an increase in overall income.
- Lack of national currency. After the occupation, East Timor received the US dollar as its main currency. Therefore, the state cannot carry out banking policies properly.
This platform will produce a holistic approach to the development of crypto currency exchanges. First of all, it will be safe, comfortable, multilingual and accessible to international users. Optimal orders will be provided for sellers and buyers with the best prices available. Multi currency wallet for storage will be provided. All cryptocurrency will be automatically protected by cold storage. The complete book order provides the required liquidity. To ensure effective interaction between cryptocurrency and fiat money, innovative and user-friendly software has been developed. Multilingual software interface. Importantly, there is support for working with fiat funds and the withdrawal system will be considered in the near future. IVtoken will be the main token that will be used by the INVECH platform. The IV Token will work not only in the exchange of crypto currencies, but also in companies that have received the appropriate licenses. The token will work in the ethereum blockchain on the ERC20 platform. The number of tokens created will not increase. The main trading pairs are BTC, ETH, USDT. Over time, new cryptocurrency will be added from among the strongest in terms of capitalization.
What is IV token?
Token IV is the basic token used by Invech on all of its projects. For starters, this can be used as a platform token for the Invech Crypto Currency Exchange, and can later be used on all 9 businesses licensed by Invech. 500,000,000 IV token units have been made on the ERC20 platform, and the number will never increase or decrease.
How is this used?
IV Tokens can be used in exchange for paying transaction fees or outside exchanges where IV is a method of payment that is recognized especially in Timor Leste.
Initial Exchange Offers (IEO)
The IEO will run for 60 days and will not be sold to Timor Leste - Invech Foundation with a 3-year vesting period.
Duration: 30 days
Number of Tokens: 75,000,000 IV
Discount: 20%, Locked for 6 months
Price: US $ 0.32
Duration: 30 days
Number of Tokens: 100,000,000
IV discount: 10%, locked for 9 months
Price: US $ 0.36
Post-IEO Platform 150,000,000 IV 30.00%
Founding Team 100,000,000 IV 20,00%
IEO Phase 2 100,000,000 IV 20.00%
IEO Phase 1 75,000,000 IV 15,00%
Timor Leste - Invech Foundation 50,000,000 IV 10.00%
Airdrop and Marketing 25,000,000 IV 5.00%
Benefits of IV tokens
Invech Tokens will be used on all Invech Group business platforms.
Get up to 60% discount on transaction fees when trading with IV Tokens.
The ability to use it as P2P payments for businesses and individuals. Mobile wallet will be released.
Early Bird Discount
IEO participants can have IV Tokens at discounted prices and enjoy appreciation of tokens after completing the IEO.
The platform for converting IV Tokens to Fiat will be launched in 2019.
The IV Token is recognized as a legitimate crypto currency by the Timor Leste government.
To be widely accepted
The main transaction mode for all Invech developments
Low Risk Investment
Invech is a licensed body from the Government of Timor Leste to conduct and regulate crypto related businesses.
And from at least 70 countries participating. So whether we like it or not, China will become the newest economic giant. In the next few decades that can be seen. So we must take advantage of this opportunity. Observe how they are investing in many countries, including Malaysia, where there will be a high number of trains, we will wait and see but this is a big investment. In addition, we will also make a blockchain country. Because basic facilities of all governments will be based on blockchain. itself We basically invite and welcome the joining of large companies At the same time, customers can also trade currency transactions here. There are also tokens to currency exchange services. As I said, we also have bank licenses. Not many exchanges can have, we will also be in East Timor. Make a cash machine to allow you to withdraw cash and buy tokens. As I said, it is the whole government. If you want to run an import business, you have to negotiate with the trade department.
FOR MORE INFORMATION:
You can check the info at https://tokensale.invech.io/
White Paper: https://tokensale.invech.io/documents/ieo-whitepaper.pdf
Thread: https://bitcointalk.org/index.php?topic=5052844. 0