IOOX _ Cryptocurrency payment system with IOOX devices

5 min readFeb 12, 2020

Have you ever seen surprises from some people who are only in a very pleasant surprise from the way you use Apple PAY and other non-cash payments ?! I once saw people like that and was amazed at the technology that entered our lives. But now this is no longer news, people are increasingly using this type of transaction and paying their payments. However, this is not only fast, but also very convenient. If before, you had to count money in a paper wallet and look for lost cents, but now everything has become much easier.

This is the ease of use that many crypto enthusiasts dream about now. However, as far as you can remember, their advantage over fiat currencies is clear. They are faster, more reliable and more transparent, and their transaction costs represent a minimum percentage, which cannot be said about bank commissions. But, cryptocurrency will not be needed by anyone if the people of the name ultimately do not start using it actively. And for this to become a reality, we need the right tools and infrastructure. What we will talk about now.

About the project and its features

As you might have guessed, we will now talk about a new decentralization project, which seeks to make cryptocurrency a part of our daily lives with all of our strengths, functions and tools. What should be done as comfortable and as comfortable as possible. For this, a team of young specialists is developing a special bracelet and ring with an integrated payment function from ioox. With the help you can pay with ioox coins for each of your daily purchases. Be it an order at a cafe or wholesale purchases at the nearest supermarket.

The uniqueness of this concept lies in the fact that with the help of the payment element developed by ioox, you can now and forever forget your credit card, and your smartphone. After all, you can now make all payments without problems without it. At the same time, do it as quickly and reliably as possible.

The benefits

Such innovative approaches and developments, which by the way will be presented for the first time in the world of modern technology, will make it possible to massively use the advantages of the digital currency industry for everyone, regardless of age or sex, and social status. This is especially true for elderly citizens, because with the help of the developed ioox device, they will not need too much effort and time to master modern gadgets.

By the way, the fact that the bracelet and ring will be equipped with all the necessary sensors attached to the smart watch complements the entire range of cryptocurrency and payment capabilities from ioox. This means that the bracelet and ring provided will also measure the frequency of your heart rate, the number of steps taken per day, and also store information about your blood type, possible allergies, residences and other aspects that affect our life expectancy. For me, this is a very interesting feature, if you use it purely for good purposes.

Early release and technology

Ioox technology integrates cryptocurrency into the Blockchain ecosystem with the current payment system. You can do daily micro transactions, every day with ioox coins and an ioox system that can be used (rings or bracelets) and set a daily budget using remote settings. Therefore, it is possible to make payments with ioox coins in partner stores or in US dollars in stores that have not been activated.

We develop tools for everyday life for everyone, and everyone we know has a different time and approach to new technology.

Transparency and Trust

Using management tools, you can manage and remember call usage settings. You can set a daily limit for payments and track monthly expenses. We want to create a transparent, fast and dynamic ecosystem. The new payment system, not a clone of the old system.

TOKEN

Coin Name: ioox

Tickers / Symbol: ioox

Total supply: 10,000,000,000 ioox

Decimal number: 8

Contract Address: 0xf6923F7d96fc22c4b8010a865e41cF7edfB6379C

As their platform architecture, the developers chose the Ethereum blockchain which is currently reliable and safe, on the basis of which they actually develop their internal ioox tokens. The total number of shipments will reach 10 billion ioox coins. Most will be offered for public sales, and distributed equally among the consultant’s founding team and their partners, and will also be provided for further system stimulation.

Public sales: 20%

Personal sales: 40%

Reserve funds: 10%

Team and founder: 15%

Bounty and events: 6%

Advisors and partners: 9%

Roadmap

Conclusion

To be honest, I am happy to see and get acquainted with projects like ioox. Indeed, thanks to their innovative ideas and solutions, our world does not remain silent and who knows, maybe in the near future I will see you at the nearest cafes, where you will happily and happily pay for your coffee using a bracelet or ringing from ioox . What I think will be fantastic.

I hope you enjoy the idea of mass popularization which is very brave and nonstandard from ioox developers. And you are happy, ready to spend a little more time on this project to get to know him more closely. However, no matter how good my comment is, it does not affect the work processes of each underlying system, and therefore only their superficial significance. Therefore, to fully deal with ioox, I invite you to go to the next part of my article. Where you will find all the official ioox sources that have been prepared for you.