MELD — IAMX Partnership

Offering a digital identity & financial toolkit to people that had neither before — at 120 physical locations! 🚀

Published in

MELD

6 min readDec 11, 2021

This has been a long partnership in the making and we are very excited to announce IAMX as our newest partner, specializing in SSI and digital identity!

The people at IAMX are masters of digital identity and are looking to utilize the Cardano infrastructure for their fundraising and company operations as they expand their business into 2022. IAMX is looking to utilize and integrate MELD service directly into their identity gateway systems for new IAMX users — who are creating an identity for the first time — to also have access to financial services for the first time. Such as a place to store value for the work they perform in society!

There are many benefits that are seen through either both our company perspectives. Read more to find out all the partnership details…

Content

What is IAMX?
Biometric Identity Gateway
MELD x IAMX
IAMX ISPO — Tokenomics

What is IAMX?

Website | Twitter | Linkedin | GitHub | YouTube

IAMX is a decentralized token-based SSI identity and authentication system enabling Web 3.0 connectivity to users that create an identity through their Biometric Identity Gateways (See below). IAMX offers a token-based self-sovereign identity (SSI) system, that provides free and solid biometric identity at the government level and enables legally binding actions via 1Click-Fulfillment. This is considered to be the final missing link on the internet. The IAMX identity solution helps to make Internet 3.0 work and enables digital transformation in emerging markets.

Biometric Identity Gateway

The Biometric Identity Gateway sits at the core of IAMX and is the main interface users of IAMX will first interact with. This Gateway allows anyone to create a digitally verifiable identity.

IAMX supports and utilizes identity via storage on all digital identity methods and starts with the Cardano blockchain as a place for storage— hoping to position the Cardano ecosystem as a global standard in digital ID and SSI.

How to use the Biometric Identity Gateway to create a digitally verifiable identity:

Customers approach Terminal
Customer chooses > new biometric ID
Terminal creates biometric ID: face, iris, fingerprints
Terminal creates Import QR Code for biometric identity
The customer receives Import QR Code
Customer chooses 2FA Import PIN. Connects Import QR code with permission to receive the VCC.
— Customer chooses “new wallet” or “existing wallet”

IAMX is currently conducting an ISPO to help fund the production of 120 of these Biometric Identity Gateways.

MELD x IAMX

MELD will be positioned on these physical stands acting as an advertisement to hundreds of thousands of people. These 120 stands will be positioned inside of flagship telco stores that IAMX is affiliated with.

“Self-sovereign identity is much needed in the blockchain space — and even the greater world for that matter. We see the benefit of working together to create a digital identity and financial toolkit for everybody. These are 2 fundamental services everyone should have access to — a SSI and a way to store and manage value for the effort performed in society.” Said Ken Olling, CEO of MELD. “IAMX is amazing people and we are looking forward to their very much-needed digital identity solutions.”

Being placed onto the terminals also provides a new and unique opportunity for some. After creating a digital identity for the first time, they will simultaneously have the opportunity to be their own bank for the first time!

The MELD app will be providing these users with a wallet, a place to receive funds for the effort they perform in society, and direct access to blockchain technology to utilize MELD tools and services to manage their financial lives.

1.9 billion people in the world are unable to prove their identity and therefore lack access to vital services including healthcare, social protection, education, and finance. Without identity, there is no ownership, no economic progress, no prosperity, no legally binding actions. The MELD x IAMX partnership provides a toolkit for anyone to participate in society — providing benefits and opportunities to thousands of people worldwide.

IAMX ISPO

— Unofficial first public token drop

Full IAMX ISPO and Tokenomic details
IAMX ISPO Stake Pool

The ada raised from the IAMX ISPO will go directly towards funding the creation, operation, and deployment of 120 of these Biometric Identity Gateways across Africa and part of Europe. People without an identity will be able to be recognized by online services and participate in various identity-requiring activities that societies can offer.

Delegators to the IAMX ISPO will be rewarded with IAMX tokens
(See below for IAMX token ISPO distribution details…)

Staking with the IAMX pools connects you to one of the world’s most innovative growth markets for self-sovereign identity!

✅ IAMX token rewards will still be distributed to delegators, regardless if an IAMX pool mints a block or not.

IAMX Tokenomics

You can use the IAMX token to facilitate the creation of verifiable credentials, authenticate a verifiable credential, or create a biometric identity.

Maximum Token Generation
33,000,000,000

Maximum Float
400,000,000,000

ISPO Model

Delegation Table

First Receiver Benefit

IAMX has also integrated a unique First Receiver Benefit model into its tokenomics model. Usage of the token leads to the generation of further tokens for the first receiver/owner.

Example:
You buy or receive one IAMX token via an Airdrop. When this 1 token is used to create an identity or fulfill a verification process you receive a second token as a reward in your wallet. When this 1 token is used, you receive another token in your wallet. If this token is also used, you receive 2 tokens as a reward. If those 2 tokens are used, you receive 3 more tokens in your wallet. If those 3 tokens are used, you receive 5 tokens as a reward in your wallet. 1 IAMX token can therefore unlock the value of 12 IAMX tokens, and you as the first receiver, receive ALL those rewards.

Read more about the IAMX Tokenomics and ISPO model 👉 HERE

Last remarks

“Building up a decentralized identity solution feels like building up infrastructure that everybody needs but no one delivered.
We are prepared for a long walk with a great team. A professional and fast-acting partner like MELD is priceless.” — Tim Brückmann, co-founder IAMX

We wish you the best on your ISPO and are looking forward to seeing more people gain identities and access to decentralized financial services as we head into 2022! 🥳️ 🚀

MELD — Be Your Own Bank

We think it’s essential for everyone to gain control of their financial lives and have equal access to financial instruments used by professionals, not just centralized institutions, governments, or the 1%. We want to provide financial freedom and control to the masses, including the unbanked.

We have a long-term goal to enable the $15 trillion that is currently locked out of the global economy, including 2 billion individuals worldwide that are either underbanked or have no access to banking services whatsoever, access to these tools. These are the people that are paying the highest fees, getting the worst customer service, and they are the ones that are having the most problems.

Our vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, we strive to provide our users with the functions they need to manage their own financial lives.