Blockchain Name: EMOGI Network
Token Ticker: LOL
Total Supply: 21,000,000,000 LOL
Starts From: June 2018
Team members: 20
What Is EMOGI Network?
EMOGI Network is a new-generation crypto project focusing on mass public adoption with millions of Latin American users already on-board. Bermi, a viral mobile application featuring 30-sec short videos, uses LOL as its utility token.
The Relationship Between EMOGI Network (LOL) and IOST
IOST invested into and incubated EMOGI Network (LOL). The LOL token is issued on the IOST blockchain (IRC-20 token).
What is LOL’s Utility?
- Real practical tokenomics: Bermi has a comprehensive token model, which uses the core advantages of blockchain technology.
- Real-world opportunity for crypto transformation: Due to the instability of Latin American economy, the needs for cryptocurrency and blockchain technology is significant for a population that has been left stranded by legacy financial and governance systems. EMOGI has partnered to develop remittance use cases in Latin America.
- Decentralization benefits: Realize the benefits of decentralization for our users, which allows them to break free of centralized legacy systems that disadvantages them, using LOL.
- Mass blockchain and crypto adoption: Promote blockchain mass adoption with LOL as the currency of choice in everyday use by the world’s unbanked population. This is a financial transformation that leaves no one behind.
How Can EMOGI Help IOST?
- EMOGI and Bermi will introduce IOST into the traditional tech space using its mobile application.
- EMOGI creates a mass adoption case in IOST ecosystem, driving user acquisition.
- Bermi will assist IOST ecosystem in later stages by playing a role similar to an IOST mobile wallet.
- The issuance of LOL on IOST and growth in usage will likewise grow the utility of the IOST token.