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      "parent_permlink": "okglobal",
      "author": "themichaelmatch",
      "permlink": "okglobal-coin-switch-my-identity-coin-the-money-project",
      "title": "OkGlobal Coin SWITCH \"My Identity Coin\" - The Money Project",
      "body": "https://telegra.ph/file/b4ac3fbdb18c6f14eee1b.png\n\n**PREAMBLE**\n\nDespite the insurgence of Coronavirus, crypto investment has flourished. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.\n\n**_\"Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals._**\n\n**_As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold._**\n\n**_Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals.\"_**\n\nWhile this revolution is gaining wide acceptance, OkGlobal coin switch, the first and only compliant international blockchain project of its kind aimed at the complete disruption and takeover of banking, finance, exchange and payment processing via a living reactive decentralized autonomous organization, DAO has arrived.\n\n**_But before we go any further, please check out this video presentation to get even more acquainted_**\n\nhttps://youtu.be/yYyCwUuB3Qg\n\nNow that I have your attention, let’s get right to it.\n\n**What exactly is OkGlobal Coin SWITCH \"My Identity Coin\"?**\n\nAs depicted above and as indicated on the official website of OkGlobal Coin SWITCH, OkGlobal coin switch is the first and only compliant international blockchain project of its kind aimed at the complete disruption and takeover of banking, finance, exchange and payment processing via a living reactive decentralized autonomous organization, DAO,\n\nFurthermore, MYID Coin is a project is a part of “The Money Project” by the OkGlobal Coin SWITCH and this project is created as the world first tagging/ wrapping technology with unique owner identifying code. The main purpose of MYID coin coding is to reduce and ultimately eliminate threat of loss, theft.\n\nOKGlobal will put profits back to the hands of the people. Governments and other institutions will not be left unleveraged to use our money to form money for themselves and their constituents. The rates and costs charged by OKGlobal are going to be rock bottom available within the marketplace. Profits are going to be reinvested into the worth of our coin thereby increasing the intrinsic value of all coin holders year after year.\n\n**The Mission**\n\nOkGlobal is a platform that aims to solve various problems and make the crypto world better. OkGlobal provides various features that protect the participants, such as regulation, transparency, smart management, lower costs, easy payments, etc., which greatly facilitate the participants. And My Identity Coin is part of this great platform.\n\n**The Ecosystem**\n\nCreation of Coin which will have a flash transformation to the fiat of merchant’s decision or held in OKGlobal crypto coin account. Various coins are often utilized however with higher transformation fees. All OKGlobal people group members’ possessions should be in fiat or OKGlobal coin. OKGlobal Community administration focuses are going to be open for member administrations.\n\n**OKG Featured Coin**\n\nOKGLOBAL SECURITY COIN (OKGSG): Compliant securities coin only for accredited and qualified investors.Capped risk investment.\n\nMY IDENTITY COIN (MYID): MYID Coin is open to everyone. MYID Coin is a utility coin for tagging identity to blockchain packets. Immediate liquidity on Uniswap Exchange.\n\nSWITCH STABLE COIN: Stable coin 1:1 backed and redeemable at its international service centers or various exchanges.\n\nhttps://telegra.ph/file/9af079d5109d264a33858.png\n\n**WHY YOU SHOULD CHOOSE OKGLOBAL COIN SWITCH?**\n\n**_OKGlobal Coin and SWITCH is the progress and additionally option to the customary cash the board establishments into the new worldwide economy pushing ahead with the released advantages of blockchain innovation;_**\n\nReduce or sometimes eradicate expenses and charges\n\nInstant change to fiat cash accessible to forestall conceivable worth misfortune because of market instability\n\nInstantaneous installment compromise\n\nNo more downgrading of cash\n\nHolds characteristic expanding esteem upheld by speculations, benefits and valuations\n\nUnencumbered basic use for buys around the world.\n\nParticipants have direct everyday authority over administration of assets and friends.\n\nFunds and friends isn't overseen all in all by or in the interest of the customer.\n\nParticipants' commitments are kept isolated, and benefits/pay are not pooled yet dispensed to member contingent upon how member assigns utilization of assets. Assets can just sit as money/fiat in their record with no movement.\n\nAnother issue will be appropriate arrangement of the whole foundation of OKGlobal SWITCH and how assets are to be designated to get an ideal return. \n\n**About The OKGlobal Coin Token**\n\nMY IDENTITY COIN by “The Money Project” at OkGlobal Coin SWITCH.\n\nThe ICO LAUNCHING ON 27TH DECEMBER 2020, at 9AM SINGAPORE TIME.\n\n**Token Details**\n\nToken Ticker: MYID\n\nMYID: ERC20 \n\nContract Address: 0xbee571a0a8599ada125e1a33e56287c3c594a5e2\n\n1 ETH = 500,000 Coins during ICO\n\nHard Cap: 50,000 ETH = 25 billion MYID coins\n\nTotal Volume: 100 billion (ERC20) MY IDENTITY Coins\n\n40% is reserved for the team and participants of the The Money Project campaign and the remaining 60% will be offered for sale to the public.\n\nLaunch Date: 27th December 2020 9AM Singapore Time\n\nICO Duration: 60 days\n\nhttps://telegra.ph/file/904f0245e74b030a4a885.png\n\n**RoadMap**\n\nhttps://telegra.ph/file/a197d092ca297c02786f5.png\n\n**4TH QUARTER 2020 — 4TH QUARTER 2021**\n\nOnboarding/public awareness execution\n\n**STEP 1 — FIRST LOCATION IN SINGAPORE**\n\nSoft Opening with Market Testing\n\nSGD 5 million Cap at USD .004/ coin\n\n2 million reserved for investors 3 million for public. (40/60 split)\n\n**STEP 2 — SECOND LOCATION IN SAN YSIDRO**\n\nOfficial Launch of Both USA and Singapore Centers\n\nMexico Border Location Exemption for limited offerings not exceeding $5 million — Rule 504 of Regulation D\n\nPrepare new locations Korea/Japan/Indonesia/Germany/New York and others to follow\n\n**STEP 3 — OPEN KOREA/JAPAN/GERMANY/NEW YORK**\n\nUSD .008/ coin offering on exchange with pre-screened members in 6 to 8 months after first location Singapore Launched.\n\nAll early adopters can double profit.\n\n**STEP 4**\n\nOpen exchange for speculation and sell coins at all locations at speculation price.\n\n**4TH QUARTER 2021**\n\nLaunch World’s First OKGlobal Financing Services.\n\nOffer full line of traditional international banking services to our members by 4th quarter 2021.(Checking accounts, bill pay, debit cards, payments via phone app, etc.,)\n\n**1ST QUARTER 2022**\n\nOKGlobal Coin’s own unique blockchain with payment/money management services and lifestyle/social networking app released.\n\n**Meet The Amazing Team Members**\n\nhttps://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmbFRbPimQT1maa8DvMt86RxkjxxfmVF8p9vL2G9EmaJc9/image.png\n\nHan S. Kim — FOUNDER\n\nShultz Wang — Project Oversight Manager\n\nBrandon Tee — Singapore Legal Advisor\n\nNiranjan Singh — Technical Advisor\n\nYves Bong — General Operations and Media Manager, Singapore\n\nBe a part of this incredible project. Download the whitepaper for the full scoop.\n\nTill next time…\n\n**For more information, please visit:**\n\nWebsite: https://okglobalcoinsg.com/\n\nANN: https://bitcointalk.org/index.php?topic=5299156.0\n\nReddit: https://www.reddit.com/r/MyIdentityCoin/\n\nTwitter: https://twitter.com/MyIdentityCoin\n\nFacebook: https://www.facebook.com/My-Identity-Coin-105559404747595/\n\nTelegram: https://t.me/myidentitycoin\n\nDiscord: https://discord.com/invite/78qsbwV\n\nJoin Bounty: https://bitcointalk.org/index.php?topic=5300339.0\n\n#OkGlobal #MyIdentityCoin #blockchain #cryptocurrency #technology #bitcoin #money #crypto #ethereum #cryptocurrencies #fintech #ICO #innitialcoinoffering\n\nhttps://telegra.ph/file/72c892a47d4e928b43c0e.png\n\nBitcointalk Username: Cryptoholical\n\nBitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2487106\n\nTelegram: @Cryptoholical\n\nETH Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c\n\n\n\nDisclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.",
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      "parent_permlink": "faba-invest-invest-with-the-first-open-venture-capital-fund",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-themichaelmatch-20200104t205311000z",
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      "body": "Congratulations @themichaelmatch! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@themichaelmatch/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@themichaelmatch) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=themichaelmatch)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "memo": "Dear @themichaelmatch, I hope you don't mind this little memo. Just yesterday I published new post on Steemit asking all readers to share their opinion on particular topic: \"AIRDROPS - do you LOVE OR HATE them? or simply don't care?\". I would be glad if you would share your view on that issue. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@crypto.piotr/airdrops-do-you-love-or-hate-them-or-simply-don-t-care"
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      "memo": "Dear @themichaelmatch, I hope you don't mind my little memo. Did you ever think about IMPACT OF \"ALIENS\" on our religions? I would like to share with you link to very interesting discussion \"How will the overwhelming discovery of extraterrestrial life affect our lives and beliefs?\" by @jadams2k18. Perhaps you will find it interesting (I read and upvote all interesting comments). Yours, Piotr // LINK: https://steemit.com/life/@jadams2k18/how-will-the-overwhelming-discovery-of-extraterrestrial-life-affect-our-lives-and-beliefs"
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      "memo": "Hello appreciated @themichaelmatch. Do you know what IEO's are? In my last publication called \"IEO's The New ICO's\" you can get the answer. I would like to share it with you and know your valuable opinion about it. If you do not want to receive these types of notifications please tell me. LINK: https://steemit.com/crypto/@juanmolina/ieo-s-the-new-ico-s"
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      "memo": "Dear @themichaelmatch, My good friend from Venezuela published recently very interesting post describing \"Behavior and evolution of cryptocurrencies ten years after its creation\". I found this post very valuable and wanted to share with you (my own attempt to promote quality content). I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@fucho80/behavior-and-evolution-of-cryptocurrencies-ten-years-after-its-creation-what-to-expect-from-them-in-the-future"
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      "memo": "Dear [@username], Today I've tried to check my \"wallet\" only to realize that I need to sign in again in order to have an access to it. It seem that Steemit Inc made another awful change that WILL ONLY COMPLICATE this platform even more. Please check out my latest comment and share your view with me. I read all comments. Yours, Piotr // LINK:   https://steemit.com/steem/@crypto.piotr/re-steemitblog-social-condenser-is-live-20190403t083122138z"
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      "memo": "Dear @themichaelmatch, My friend @julianhorack published very interesting post about CENSORSHIP on social media and on blockchain. He does believe that blockchain is our solution and I seem to disagree with his concept. Perhaps you would like to share your own opinion on this particular topic? I would APPRECIATE very much and I will read, upvote and reply to every single comment. Yours, Piotr // LINK: https://steemit.com/informationwar/@crypto.piotr/re-julianhorack-blockchain-as-the-liberator-of-the-masses-from-the-claws-of-the-nwo-20190330t110024985z"
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      "memo": "Hi again @themichaelmatch. I hope you don't mind one more memo from me. If you do then please let me know and I will not bother you again. EACH WEEKEND I'm trying to promote 1-2 publications which I consider VALUABLE and related to BLOCKCHAIN technology. Good friend of mine @guysellars posted interesting article about KYC and AML. I would love to know what is your opinon on this particular subject. Yours, Piotr // LINK: https://steemit.com/bitcoin/@crypto.piotr/re-guysellars-kyc-and-aml-are-good-yum-20190324t092617518z"
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      "memo": "Dear @themichaelmatch. Have you ever been wondering about purchasing your own NANO Ledger? I did several times. Friend of mine described his own valuable experience with this company and I would like to share link to his publication with you. Perhaps you will find it useful or even you could share your own experience with NANO Ledgers? I will gladly read all comments. Yours, Piotr // LINK: https://steemit.com/business/@crypto.piotr/re-roleerob-celebrating-good-business-latest-from-ledger-20190324t090152829z"
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      "body": "[Source](https://steemit.com/ico/@willidomika/introducing-faba-invest)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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      "memo": "Hello, our user. We have created a system to deliver the article to more people. Resteem to 14.500+ Followers | @promotedpost Upvote ⏩(3500SP) | Upvote with min +200 Different account | Our post will be more popular and you will find new friends | Send 1 SBD or 1 STEEM to @promotedpost (URL as memo) Service Active"
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      "title": "FABA INVEST - Invest with The First Open Venture Capital Fund",
      "body": "![alt text](https://telegra.ph/file/8c7b788663127327dec84.png)\n\n**STARTER INFORMATION**\n\nWith strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.\n\nWhile this revolution is gaining wide acceptance, FABA, the first venture capital token with positive impact on our lives has arrived. Decentralized voting system enables shared decision making when selecting projects.\n\n***\"It's secret no more that the popularity of blockchain is on the rise thanks to the financial institutions they adopt, and other industries that are implementing this revolutionary wave of technology.***\n\n***The importance and the adoption of blockchain for communication service providers, the transformation of international trade and supply chain management, a new race for programmable blockchain platforms, and a blockchain \"high acceptance\" for payments, smart deals and digital identities are key factors that have the potential to add that growth in the market.***\n\n***Simply, there is a great opportunity to have in the bloc industry, and it's just getting started. More and more companies are moving towards the scene, presenting a vast opportunity for space-saving investors. It's here to look at public listed technology blocks for your consideration. Undoubtedly, the best way to invest in blockchain is making it real for business.\"***\n\nWith that being said, Faba supports companies with positive impact on areas of environment, foodtech, biotech, education, AI with the main goal of becoming the largest venture capital company that supports game-changing projects with the positive impact on our environment.\n\n***But before we go any further, please check out this video presentation to get even more acquainted***\n\nhttps://vimeo.com/260560693\n\nNow that I have your attention, let’s get right to it.\n\n**What exactly is FABA INVEST?**\n\nAs depicted above and as indicated on the official whitepaper of FABA, FABA is the first venture capital token with positive impact on our lives. Decentralized voting system enables shared decision making when selecting projects. As a tokenized (STO) Venture Capital, investors and holders of the Faba tokens will have the opportunity to decide what project or enterprise Faba Ltd can invest into for collective gains.\n\nThis connects the economy of the traditional venture capital market with the crypto world which presents new opportunities for both. FABA was founded by a group of experienced people, who were interested in supporting the project and a team of people with ambitions to influence the world.\n\nFABA LTD invests in projects that go through a professional due diligence process, where it becomes an equity shareholder. Because of their professional approach, financial investment and time commitment from mentors and sign holders (FABA), the company's valuation has increased. Their investment then comes out at its peak to return some initial investment to the token holders.\n\nThe Common Vision has helped to define the target segments and future megatrends which are changing the environment today and are contributing to further development:\n\nFoodtech,\n\nBiotech,\n\nAI,\n\nRobotics and other sector agnostic opportunities\n\nThe investment horizon is set at 8 years. (FABA) token holders will be rewarded throughout the course of investment based on the dividend strategy of each company and actual exit time.\n\n**The Goal**\n\nThe main goal of Faba is to become the largest venture capital company that supports game-changing projects with the positive impact on the environment.\n\n![alt text](https://telegra.ph/file/59da9439bca1938d851fb.png)\n\n**Faba Token Mechanism**\n\nIn the first round of investment, FABA LTD together with (FABA) token holders, aim to support a maximum of 110 projects with the outlook of 11-17 successful projects that will reach target valuation of 10-30 multiples of the initial investment. It is common that up to 60% of average VC portfolio companies will fail with ROI lower than 1 and the remaining companies will generate ROI between 1 to 5.\n\nFABA will eliminate the fail rate by execution of comprehensive due diligence process and implementation of tranching mechanism binded to the agreed key milestones of the invested project. It is expected to execute all the Seed investments in the first 1 - 2 years and private equity investments within the 1st year for ensuring enough time to achieve significant increase in value before exiting the shares which will be happening continually.\n\nFABA token has voting rights. Each holder of min. 2000 FABA) tokens has a voting right and can have own input on short listed projects.\n\nThe FABA is an evergreen VC company so the FABA Token is issued and listed on crypto stock exchange for infinite period. When successful acquisition of any of the portfolio companies comes, then FABA use 70 % of the sum that was successfully generated over initial investment for re-investing and 30 % of the sum will be distributed among the FABA token holders on pro rate basis \n\n***The distribution of funds/dividends will be following:***\n\nAcquisition Income – Initial Investment = Success Funds.\n\nSuccess Funds * 0,7 = Amount to be distributed on pro rata basis among FABA token holders.\n\nSuccess Funds * 0,3 = Amount from Success Funds to be reinvested in FABA portfolio.\n\nInitial investment + Amount from Success funds to be reinvested in FABA portfolio = amount that will be used for further investing.\n\nIf the Acquisition Income is lower than Initial Investment, FABA will use the whole amount for further investments only.\n\nBy the constant re-investing of 30 % from each success they ensure growth of FABA token by increasing the investment capital and value of equities in prospective startups being held.\n\n**The Benefits**\n\nFABA tokens holders will have access to the distribution of profits from the sale of shares of companies, the payment of dividends will be held at ETH.\n\nAnother token FABA offers the holders of the future growth of the value of the token, and as the number of projects will increase for each token will account for more than the potential profits from the sale of their shares.\n\n**FABA ICO Information**\n\nYou can buy a project token at the moment by taking part in the ICO that FABA itself conducts to raise funds for the launch of the platform.\n\nToken: FABA\n\nType: Security (STO)\n\nPrice: 1 FABA = 1 USD\n\nBonus: Available\n\nBounty: Available\n\nMVP/Prototype: Available\n\nPlatform: Ethereum\n\nAccepting: ETH\n\nMinimum investment: 200 USD\n\nSoft cap: 4,000,000 USD\n\nHard cap: 67,500,000 USD\n\nCountry: UK\n\nWhitelist/KYC: KYC & Whitelist\n\nRestricted areas: USA, China\n\n**Token Distribution**\n\n![alt text](https://steemitimages.com/p/HuuaCwcKuiEo6y7gHByhWFE9Ci6SMehhMfDY5bZy6oJFLp57KcKFVQPEcWiKozeEi1k?format=match&mode=fit&width=640)\n\n**About ICO Bonus Program**\n\n![alt text](https://telegra.ph/file/57da1c2d40ae1225014c5.png)\n\nBonuses will range from 10 % to 40 % linked to the time of sale. In the first ICO round bonuses range from 40 % to 10 % and their nominal value is $1 for one (FABA) token, where for the purchase of one (FABA) token the investor gets 1.1 up to 1.4 of (FABA) tokens. In the second ICO round bonuses from 10 % to 20 % will be available with nominal value of $1.3 for one (FABA) token, where for the purchase of 1 (FABA) token the investor gets 1.1 up to 1.2 of (FABA) tokens. Special affiliate bonus program will be available for the recommendation, which represents 10 % from the realized payment in (FABA) tokens.\n\n**ROADMAP**\n\n![alt text](https://steemitimages.com/p/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPTyXK53wubwdyhgH49r2NHzkeJajSWWyGZizSAUUzP7jxVf1rgkp13vejt8h4beHbffU3Krfhx?format=match&mode=fit&width=640)\n\n**MEET THE AMAZING TEAM**\n\n![alt text](https://steemitimages.com/p/99pyU5Ga1kwqSXWA2evTexn6YzPHotJF8R85JZsErvtTWYoXJTw7n7C7GVgBN8V1TBmhQ3NuLCuwx4hTqepXsWUcGyf5jeqAENDfUcYEUZ4Tso26AHQp4qRNc8BU738dae?format=match&mode=fit&width=640)\n\nRobert Flocius - CEO\n\nI'm the Financial Executive with broad experience in all aspects of equity investments. Former shareholder and Co-founder of UB Networks Benelux NV - a US based data communications company and first world partner of Cisco systems Inc. later sold to Newbridge for $ 260 million. I served as senior Adviser to Madge Networks (fastest growing UK company in 1996). 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Business, Management, HR and Marketing are areas that I understand and in which I see my value add.\n\nFABA Mentor Team:\n\nJonathan Todd, I have 10 years of experience in founding some of the largest media brands on the web today. I specialise in building teams, marketing, UX and customer retention. I have had 3 successful exits in this time. I am looking to add value as a mentor to any web/mobile based projects.\n\nBlake Wittman, I've spent my 18-year career spreading my passion for people and purpose. My experience was gleaned across a broad spectrum of companies – from internet startups to Fortune100 companies. I currently serve as shareholder and CEO of GoodCall, an innovative disrupter in the recruitment space, and I run European strategic sales for two other HR startups.\n\nPhilip Staehelin, I have more than 25 years of experience in the corporate and consulting world. I served as CEO of a $500m payments company, I was a Managing Partner for Roland Berger, as well as holding executive roles in T-Mobile, Accenture, A.T. Kearney and CA-IB Investment Bank. I'm also a co-owner of Startup Yard (CEE's oldest startup accelerator).\n\nRobert Breadon, I have over 25 years of international business experience with startups in 9 different countries and 30 locations. The last ten years I have become a licence NLP trainer and use the techniques to accelerate development to maximum capacity. In Prague my training centre www.breadon.cz offers professional coaching services to corporate and domestic clients.\n\nBe a part of this incredible project. Download the whitepaper for the full scoop.\n\nTill next time…\n\n**For more information, please visit:**\n\nWebsite: https://vc.fabainvest.com/\n\nWhitepaper: https://www.faba-white-paper.com/FABA.pdf\n\nFacebook: https://www.facebook.com/fabainvest/\n\nTwitter: https://twitter.com/FabaInvest\n\nYouTube: https://www.youtube.com/channel/UCMfeTjZWPjPfN5fb2slWPng\n\nReddit: https://www.reddit.com/user/Fabainvest/\n\nVimeo: https://vimeo.com/fabainvest\n\nTelegram: http://t.me/fabaventurecapital\n\nGithub: https://twitter.com/FabaInvest\n\nLinkedIn: https://www.linkedin.com/company/fabainvest/\n\n![alt text](https://telegra.ph/file/544fb5c8320b84f68ebd3.png)\n\nAuthor: Cryptoholical\n\nMy Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106\n\n \n\nDisclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.",
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      "body": "![alt text](https://telegra.ph/file/2924acba78f94bc8e6035.png)\n\n**PREAMBLE**\n\nA storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.\n\nWhile this revolution is gaining wide acceptance, Intrachain, the world's first process mining software with integrated blockchain has arrived. Compatible with all IT infrastructures, Intrachain centralises and streamlines your intercompany accounting, reducing your costs and increasing productivity.\n\n***\"Mining is the process that helps the cryptocurrency function as intended and what continues to introduce new Bitcoins and other currencies to digital wallets all over the world.***\n\n***Collecting cryptocurrency can be boiled down to a simple premise: “Miners,” as they are known, purchase powerful computing chips designed for the process and use them to run specifically crafted software day and night. That software forces the system to complete complicated calculations, imagine them digging through layers of digital rock. If all goes to plan, the miners are rewarded with some Bitcoin at the end of their toils.***\n\n***Mining is a risky process though. It not only takes heavy lifting from the mining chips themselves, but boatloads of electricity, powerful cooling, and a strong network connection. The reward at the end isn’t even guaranteed either, so it should never be entered into lightly.\"***\n\nWith that being said, the Intrachain platform combines a process mining engine with a decentralized database. Intrachain hereby focuses on the collection of data traces on systems and the storage of tamper proof data in the blockchain.\n\n***But before we go any further, please check out this video presentation to get even more acquainted***\n\nhttps://youtu.be/ydqRD-RUXKs\n\nNow that I have your attention, let’s get right to it.\n\n**What exactly is INTRACHAIN?**\n\nAs said earlier, Intrachain is the world's first process mining software with integrated blockchain. Compatible with all IT infrastructures, Intrachain centralises and streamlines your intercompany accounting, reducing your costs and increasing productivity.\n\nFurthermore, Intrachain will power the next generation of businesses and provide the tools needed towards automating process mining through Intrachain private which gives the same information and data to business in a decentralized environment.\n\nIntrachain technology contains two main components, the process mining engine and the Ethereum blockchain: the process mining engine collects data from business in a value chain and distributed it on the blockchain, the Ethereum blockchain is used to process the transaction through the use of smart contracts and equips businesses with the data recorded on the blockchain on private businesses application layer.\n\n**The Problems**\n\n**Inefficiency**\n\nIn today’s business world, 90% of companies manually reconcile using MS Excel spreadsheets, a technique that is considered highly inefficient.\n\n**Human error**\n\nThe next problem companies face, is human error. Manual reconciliation is a technique that has also proven to be prone to human error. As management calls for faster closure, finance teams are facing a trade-off between speed and accuracy, leading to accounting errors and certain open or unreconciled items being carried forward.\n\n**Inaccurate data**\n\nSubsidiaries and business divisions are often separate legal entities operating with a high degree of autonomy across dispersed geographies, sometimes operating in multiple currencies, in different time-zones, and using different accounting systems. Insufficient Intercompany Accounting (ICA) practices can have financial costs due to inaccurate reporting, or because strategic or operational decisions were based on inaccurate data.\n\n**The Solution**\n\nIntrachain has developed the first process mining software with an integrated blockchain for intragroup cost allocation and transactions, which can avoid the flaws of manual reconciliation processes as performed by many large corporations to date and can satisfy the demand for automation.\n\nIntegrating blockchain technology into this process mining engine is the pivotal solution for companies to keep track of their cost transaction accuracy. With the Intrachain Token, they can from now on guarantee save, transparent and accurate cost allocations and transactions within their subsidiaries.\n\nIntrachain’s process mining engine is thereby collecting all needed data and transactions at its source from the operative provider IT system of the customer. Then, the relevant data are transformed automatically into smart contracts on the blockchain. In a next step, these smart contracts are executing account keeping, booking and payments via the Intrachain Token.\n\n**The Features**\n\n![alt text](https://telegra.ph/file/48463857b3c4382128ea5.png)\n\n**Automated**\n\nThe Intrachain system is designed to perform automated accounting transactions at all stages of the business process, starting with input of user data and ending with consistent data in the accounting systems of several subsidiaries. The automated processing of these data and their reconciliation happens real-time.\n\n**Offers smart contract functions**\n\nTo fulfill obligations at stated within a contract, Intrachain offers a reliable tool in the form of smart contracts. This electronic form of meeting the terms of the agreement signed between two parties has the advantages to ensure the reliable performance of pre-agreed terms.\n\n**Avoids tampering**\n\nGuaranteeing that the information between the companies stays secure and cannot be manipulated at all stages of the process is extremely important for the execution of services and the establishment of trust between the counterparties. An information system that operates on the basis of the non-manipulable data storage of the blockchain removes the possibility of a modification of the data or an error, which increases confidence and reduces execution costs of the contract.\n\n**Keeps data traceable**\n\nWith a complex structure of contracts both within the group of companies and between companies, it is extremely important to have a simple mechanism for monitoring the performance of contractual obligations in the chain of obligations. The Intrachain system, which uses smart contracts, allows implementing such a mechanism that offers the possibility to trace the entire path of data and financial information through a chain of contracts.\n\n**Enables decentral saving for multi legal entity access**\n\nIntrachain provides companies with a distributed storage of transaction data with equivalent access for each of the involved companies. Technically, data of all transactions are stored on each node of Eth, but each company only has access to data on its own contracts.\n\n**Compatible with different ERP systems**\n\nIntrachain adds a software API to its own work procedures, such as billing, payment, or reconciliation of data in the contract. Intrachain’s API can be integrated with any ERP system by creating a software adapter that acts as an interpreter with the Intrachain API in the ERP system.\n\n**Low transaction costs**\n\nIntrachain achieves cost reductions due to several technical factors:\n\nThe first factor is the reduction of labor costs (compared to the traditional interaction of financial systems companies), since manually entering data into various systems the project management system, ERP system, or accounting system becomes obsolete for each party of the contract.\n\nThe second factor is the automated processing of reconciling accounting documents in the contract. As of today, this procedure still takes a lot of time. With the use of blockchain, this procedure can be performed automatically and therefore faster.\n\nAs a third factor, costs of data loss or intentional data changes are reduced. In traditional systems, system administrators spend a high amount of time and effort to find errors or recover lost data. With Intrachain, risk of loss or deliberate modification of the data is practically absent.\n\n**Intrachain Technology**\n\n![alt text](https://telegra.ph/file/4d6f45d84bf3cd2b88e05.png)\n\n**Intrachain: Smart Contract Execution**\n\n![alt text](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmariyR5qSpaWB7Wj2AaMo86zy3PofD9rWTPBYqbaF7mGF/OPENBRIX%20PARTNERS(375).png)\n\nIntrachain is powered by blockchain technology giving businesses the tools they will need towards automating processes mining, they include the smart contracts that will be used towards processing transactions on the platform.\n\nThe business transactions include, processing transaction from another chain or receiving transactions from another chain. The smart contracts will be used to transfer information and financial transactions from one chain to another.\n\n**Token and ICO Details**\n\nIntrachain will use an Intrachain Utility Token (IUT) that represents ac cess to the Intrachain ecosystem. The Intrachain Token IT operates in a private blockchain to run transactions within the Intrachain eco-system. This kind of smart contract is made per customer interaction. Intrachain mainly operates with two types of smart contracts. The first type works in a public Ethereum blockchain to operate with an IUT public token (Intrachain Smart Contract). This type of contracts describe how to buy, sell and convert IUTs into private tokens. The second type (Intrachain Private Smart Contract) works in a private blockchain to run transactions within the Intrachain eco-system with a private token that is equal to the public IUT. This kind of smart contract is made per customer interaction.\n\nThe owner of public IUTs can become an Intrachain client by signing a contract. As soon as the new client wants to use the service, a pair of smart contracts is created. One for the public Ethereum blockchain and one for the private blockchain correspondingly. Intrachain clients use the public smart contract to prepay the usage of Intrachain. IUTs transferred to the client’s public smart contract are processed and converted into private tokens. Intrachain clients will use their private IUTs to pay for their transactions. All transactions are made via the private blockchain and each transaction can have (or not have) an additional fee for the Intrachain team and miners in private coins.\n\n**Token Details**\n\nToken Name: Intrachain Token\n\nStage: Ethereum\n\nToken Token type: Utility Token \n\nToken contract: ERC-20 token \n\n**Public Sale Metrics** \n\nToken price during public sale: 0.000917 ETH \n\nToken price: 0.12 EUR \n\nSoft cap: 3 mn EUR \n\nHard cap: 12 mn EUR \n\n**Bonus Structure**\n\n03.12 - 04.12 = 20% Bonus \n\n05.12 - 06.12 = 10% Bonus \n\n07.12 - 08.12 = 5% Bonus\n\n**Token Distribution and Use of Proceeds**\n\n![alt text](https://telegra.ph/file/49ab9169c96ba1c2942aa.png)\n\n**ROADMAP**\n\n![alt text](https://telegra.ph/file/70de21f09fdd86bc9e185.png)\n\n**Meet The Incredible Founding Team**\n\n![alt text](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmemZeqFCeR6keisXagPDhY4jkq4UcuYQAbbnZbDKEo9ey/IMG_20180802_025909.jpg)\n\n**Meet The Amazing Core Team**\n\n![alt text](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmTqcDfw6478RgeG6jDLWWFdGcUA52CfbTz6M6f2BP3FPp/IMG_20180802_025727.png)\n\n**Advisors**\n\n![alt text](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmVRUcHrFmgQ1TSZK8QPrP744j2U5BKJc6qXYRMzeTXB6W/IMG_20180802_025922.jpg)\n\nBe a part of this incredible project. Download the whitepaper for the full scoop.\n\nTill next time…\n\n**For more information, please visit:**\n\nWebsite: https://www.intrachain.io/\n\nWhitepaper: https://static1.squarespace.com/static/5ac6a3c3cef3722cb1f252e5/t/5b23e8ec575d1f879e97036c/1529080131177/Intrachain_WP_1.2.pdf\n\nANN Thread BTT: https://bitcointalk.org/index.php?topic=4475625.0\n\nFacebook: https://www.facebook.com/Intrachain-2072954366326228/\n\nTwitter: https://twitter.com/intrachain\n\nTelegram: https://t.me/intrachain\n\nLinkedIn : https://www.linkedin.com/company/intrachain/\n\n![alt text](https://telegra.ph/file/fb34253015087dc9f7579.png)\n\nAuthor: TheMichaelMatch\n\nMy BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035\n\n \n\nDisclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.",
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