Knowing more about iO2: What is iO2 Token?
When you read our articles or follow our social media accounts, you can see iO2’s company description:
iO2 is a decentralized autonomous organization for crowd-enhanced impact investment on the blockchain, underpinned by iO2 Token which incentivizes the communities to provide trusted data for impact measurement.
How much do you understand the above statement? What is impact investment? What is impact measurement? And, most importantly, what is iO2 Token?
Impact investments are investments made into companies, organizations, or funds with the intention to generate positive social and environmental impact alongside a financial return.
How to measure impact? This comes to the next key concept: impact measurement. In order to monitor and manage a impact investing project, investors measure and report the social and environmental performance of underlying investments, ensuring transparency and accountability while informing the practice of impact investing.
However, performance of traditional impact measurement practice is not able to keep pace with the fast-changing world. That’s why, iO2 utilizes blockchain technology- which is able to create the social fintech to quickly deploy investment capital with proper measurement and scalable impact- to develop a more reliable impact measurement mechanism. To grab a better understanding of iO2’s philosophy, you may view Dr. Tat Lam (iO2’s Chief Social Scientist)’s explanation below:
What Is iO2 Tokens?
In our company statement we stated “iO2’s blockchain is underpinned by iO2 Token”. What does this mean? iO2 Token is fundamentally a cryptocurrency to exchange data with all stakeholders of social development, including 2.6 billions people in developing context. iO2 tokenomics is about the economic activities using iO2 tokens, for people to use digital utility or asset to trade for social services or commodities as incentive. When there is a scalable solution for data ownership, iO2 tokenomics is the marketplace of personal data in developing regions for sustainable and ethical social development.
Why we need to create a cryptocurrency to lift up the bar for data analysis? It is because all current data collection and generation processes are almost free in developing region. Usually the data owners do not know their data is used. Or in some cases, compensation is available but the value obtained by the corporation is way bigger than those who contributes it. Lastly, for data collectors or analysts, it is only shifting the cost from paying directly to the owner for quality data, to intermediaries providing services of data cleaning, data auditing, and fixing problems of bad analysis due to low quality of data. For a fuller picture of What Is the Value of iO2 Economics? You may click here to read another featured article on the topic.
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- Why Do We Need Blockchain for Social Finance and Social Development ?
- Building Blocks for Smart Impact Bonds in Developing Regions — Crowd-Validation, Consensus-Metrics, and Scaling Impact
About Impact Oxygen Foundation (iO2)
Impact Oxygen Foundation, iO2, is a decentralized autonomous organization for crowd-enhanced impact investment on the blockchain, underpinned by iO2 Token which incentivizes the communities to provide trusted data for impact measurement. Since 2015, the iO2 team has successfully developed and executed over a dozen social impact projects in China via its service platform named “ShanZhai City” (shanzhaicity.com), and now are engaging blockchain-based projects in Myanmar, Laos, Thailand and Brazil. Join our Telegram group (https://t.me/io2_impact_oxygen) to share your thoughts and get your questions answered.
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