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Recently the government of China has forbidden all ICOs and initiated a major check of all projects. Moreover, all ICOs now have to return the funds to investors. Do you think same thing might happen in other countries as well, or everything will stop on China?
China is not exactly a 100% democratic country. In other words, the nature of the country is that all the people will have to comply with the regulations when the regulations are started. But most other countries are a little different. Regulations such as China can be regulated, but as regulations tighten, all investment ecosystems, including the ico, will escape to other countries, which can ultimately be disadvantageous to countries with severe regulations. Rather, in contrast to China's regulations, other countries can take the opportunity to positively attract ico. Therefore, given the long-term growth of the ico ecosystem, this regulation will not necessarily look bad.
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Smart contracts used by 7 billion people : www.injoin.inCheck injoin on youtube https://www.youtube.com/watch?v=q-TBL7Zl5MQhttps://www.youtube.com/watch?v=p_6CqLx9oCUhttps://www.youtube.com/watch?v=brHSWBWp_NQhttps://www.youtube.com/watch?v=dX5g3f7Wb68![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbGCDkNK.png&t=665&c=On2cHIDQiif6XQ) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcfYXOgL.jpg&t=665&c=3LB5JcUtikF1Bg) Activity Contribute ( https://youtu.be/brHSWBWp_NQ) Activity Contribution is, a way to get tokens without any ETH contributions. Not only part of them but also everybody is rewarded. The differences with ETH contributors are as follows: 1) Able to hold iii token through simple activities without any ETH contributions (remittance). 2) (It’s not only a few of participants, but also every participant will be given iii tokens. (The individual compensation varies depending on statistics and analysis.)) First, ‘activity’ is to express your thoughts(imaginations) online. The subject is about “sharing environment”(The format is free : Text/Drawing/Picture/Film/Phrase/ Music/any artistic or general activity, etc This activity has completely no restrictions, and depending on the activity contribution, 1%(token) of total issued volume will be distributed to each. (The simplest, and eventemporary activities will be rewarded with iii so the 1% of the whole published amount is really big) Secondly, the reason for the point that “everyone will be rewarded” is because we do not judge the value of everyone’s activity as a zero. (However malicious intentions, will be excluded from rewards) Every small activity has values, and these values gathering together is like the beginning of injoin. Everyone being together will increase the value, and the activity contributors will be rewarded by the proportions. The way to Participate is very simple. Simply leave a comment with a link to your activity, and your personal Ethereum address. (Post your comments here : https://youtu.be/brHSWBWp_NQ) REMARK : We recommend your activity to be from official website’s links(example : Facebook, Twitter, Medium, Slack, Reddit, Youtube, etc). Also spamming comments with informal sitesare prohibited. (Can not earn rewards) - Leave Comments (Your, Activity Link & Ethereum Address) : https://youtu.be/brHSWBWp_NQ[Links] injoinMeduimRedditSlackTwittergithub
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And what kind of project? Also in October, tell us?
If you are curious about our project, please visit our website for further information. We have also posted several threads on bitcointalk so you may also refer to the information. October is our estimated token reward end date.
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Hello,
What is the max coins supply in total please?
The distribution depends on the contributed ETH, and our aim is a total of 60thousand ETH.(EXRate 1ETH:10000iii)
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FLskaa3S.jpg&t=665&c=Nstd5w4aMlgEDQ) The iii token reward is in progress. There are two ways to get rewarded. The first way is to contribute ETH, and the second way is participating in activity contribution. 1. ETH Contribution The reward from ETH Contribution is made by the proportion “1ETH” : “10,000iii”, and you may send your ETH to the contract address [0x12157fe711f63a68a6bf623c9544a3f61c67946f] for as much reward needed, and you will be automatically rewarded immediately. (Ethereum Blockchain Algorithm) - We accept any wallet that supports tokens. You may fail to access your iii if you send ETH directly from exchanges(Kraken, Poloniex, Coinbase, …), multi-sig wallets, or from other smart contracts. - Max Gas Price : 50GWai - Per Person 0.01(Min) ETH / 30000(Max) ETH - ‘Min’ / ‘Standard’ / ‘Max(limit)’ Goal Contribution = 0 ETH / 60,000 ETH / 300,000 ETH The reason for a standard limit of 60 thousand ETH is based on our considerations for an appropriate amount of contribution. However, the reason we did not limit the maximum to 60 thousand (ETH) is to provide opportunities for the possible token buyers who wish for more chances to participate in contributing tokens, and this would open chances ona bigger scale in market value. The bigger scale it becomes we will quickly blend into the market. Also, we thought 60 thousand ETH would already be enough. Surely more contributions will help us develop our market value widely and fast but it is not our standard. On the other hand, even if we gather less than 60 thousand ETH, we won’t give up or let the injoin project fall. We will contribute all our energy to maximize our scale of value, by creating an optimized roadmap for any situation. Therefore, we have set our Standard goal to 60 thousand ETH and when it exceeds our Standard, we may end the token reward, and this is being considerate to those who participate in reward, and at the same time being our principle. An arbitrary finishing means when the standard 60 thousand ETH is contributed, The sale can finish if needed. Also it will be completely finished after the publication of 10 thousand blocks. However, this is limited to the maximum of 300 thousand ETH to prevent flooding contributors. 2. Activity Contribute ( https://youtu.be/brHSWBWp_NQ) Activity Contribution is, a way to get tokens without any ETH contributions. Not only part of them but also everybody is rewarded. The differences with ETH contributors are as follows: 1) Able to hold iii token through simple activities without any ETH contributions (remittance). 2) (It’s not only a few of participants, but also every participant will be given iii tokens. (The individual compensation varies depending on statistics and analysis.)) First, ‘activity’ is to express your thoughts(imaginations) online. The subject is about “sharing environment”(The format is free : Text/Drawing/Picture/Film/Phrase/ Music/any artistic or general activity, etc This activity has completely no restrictions, and depending on the activity contribution, 1%(token) of total issued volume will be distributed to each. (The simplest, and eventemporary activities will be rewarded with iii so the 1% of the whole published amount is really big) Secondly, the reason for the point that “everyone will be rewarded” is because we do not judge the value of everyone’s activity as a zero. (However malicious intentions, will be excluded from rewards) Every small activity has values, and these values gathering together is like the beginning of injoin. Everyone being together will increase the value, and the activity contributors will be rewarded by the proportions. The way to Participate is very simple. Simply leave a comment with a link to your activity, and your personal Ethereum address. (Post your comments here : https://youtu.be/brHSWBWp_NQ) REMARK : We recommend your activity to be from official website’s links(example : Facebook, Twitter, Medium, Slack, Reddit, Youtube, etc). Also spamming comments with informal sitesare prohibited. (Can not earn rewards) - Leave Comments (Your, Activity Link & Ethereum Address) : https://youtu.be/brHSWBWp_NQ[Use of ETH] - Use for Development (38%) This will be used for the major development. This will be used to operate and complete all parts including the functions of the platform. - Organization Management (30%) To speed up every related process regarding the expansion of the organization, this is the budget that will be used to hire and manage additional administrators that fit the scale. - Security (6%) Security is very important.We have maximized the security of the blockchain by offline management(anonymous secure area, distributed management). Our anonymous area included each additional passwords and physically distributed management. That’s why only 6% will be used for security. Our security is already perfectly managed, it will be used for about maintenance and added checking with inspections. Judicial Affairs(5%) The legal budget is the cost to be used for legal expenses in the new market environment in the future. This is needed to resolve all legal issues in the new market by immediately responding. - Marketing (3%) Injoin is not a business for profit purposes. If projects are for commercial purposes, the marketing costs will required approximately 10% of the budget.But injoin is a autogenous platform for the new era where 7 billion people will be using it. It is a size that cannot be expressed in terms of business, so most marketing budgets were designated as development and managementbudgets. Therefore everyone can use the service quickly without any problems. - Flexible budget(18%) Flexible budget of will only be used for an emergency in the unstable future. This is an emergency budget for development/management/security/judicial affairs etc only, so we call this Flexible budget. Smart contracts used by 7 billion people : www.injoin.in[LINKS] "injoin" A Sharing EcoSystemWhy use blockchain? (Solving peer to peer trust issues)Token iii(improve injoin by involvement)DAD (Decentralized Autonomous Democracy)Sponsored by Sponsor (Part 1)Sponsored by Sponsor (Part 2)Pool (beyond the limits of the blockchain)ScalabilityinjoinMeduimRedditSlackTwitterGithubYoutube
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In previous posts(“Pool”), we have looked at the key mechanisms of injoin. This post, let’s take a look at the scalability of injoin based on the conceptwe covered earlier. 1. Usage history station and Station network A user uses contracts(events) in accordance with a sponsorship contract andsubmitsthe gas fee to a sponsor pool. However, in this process, each time you use a contract, you have to submit the gas fee and the transaction address of the previous contract to the sponsor pool,which creates a lot of transactions in the sponsor pool, resulting as another gas fee. We have created a usage history station to make this efficient. Depending on a contract, the utilizing usage history station will allow you to do hundreds of transactions with just a couple of transactions. The Usage history station reduces the number of transactions and ultimately reduces the gas fee used when accessing the sponsor pool. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIQzyBTW.jpg&t=665&c=HkQwfl2HKRGNEw) In the figure above, the user saves the transaction address and gas fee for theevent in the usage history station without attaching it every time to send an event(Usage history station is in the off-chain). According to the sponsorship contract, the value of the first transaction isstored in the usage history station and the value stored in the gas station will be transferred to the sponsor pool on the n-1th transaction. After transferred to thesponsor pool, the scanner will confirm the submitted gas fee and transactionaddress, and if it matches, approve the withdrawal. In addition to this, usage history stations are networked together so that a usage history station can collect values from other usage history stations and transmit more values at once. Depending on network size, usage history station networks are more scalable to aggregate more than existing usage original gas stations. 2. Event community and event community network Users can connect with other users by creating an event through the injoin standard contract. If you want to raise your own event, you should pay the gas fee and then you can receive sponsorship from the sponsor. But you can skip this process and post the event. It is possible through the event community. An event community defines a specific topic or community (a school, company,or village) where users upload events through the event community, and the event community uploads events for many users. When users create an event,they pay a gas fee per event, but in the event community, you can increase gas fees and transaction efficiency by collecting and uploading the events of many users. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUTuvuJn.jpg&t=665&c=agw9Z_ImDL3qng) As described above, by uploading your event via the event community, you can reduce the gas fee and reduce the number of transactions and have more scalability as you can upload many events created by multiple users in one transaction. When a user send an event through the event community, the user pass his event to the event community on the offchain. Because it is done outside the blockchain, the user can upload events withperfect anonymity, nickname ora real name. Also, event community managers (one or more administrators of the eventcommunity) can determine the event so that the event of the malicious user is blocked. Event community managers can activate their communities and get a good reputation in injoin. A well-reputed event community manager can be supported by many people when making an initiative And these event communities can network with other event communities. Once you have a network, you can share popular events among those networks andfurther reduce network costs for event gas fee. Users upload their own events, but sometimes users may want to create events with multiple people. Event organization is available and the event can be created and maintained persistently, not temporarily. For example, let’s say you want to create a bazaar in your neighborhood. However, it can be difficult to do it alone. In this case,you can create an Event organization. Participants in the event organization intervene in the specificity of the event and adjust it to materialize it. The bazaar will continue if a bazaar is held with the expected number of people, goods, places, and a good reputation from the people. The sponsor pool network makes a network of sponsor pools to reduce gas costs. Users can create their own sponsor pools, but sponsor pool is also a smart contract and costs fees. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIBZBx5c.jpg&t=665&c=fvC2tCKXhvx6oA) As for one-time sponsorship activity, you can sponsor (Image 1) using anotheruser’s sponsor pool. If the sponsor’s own sponsor pool is too small or not known, users might not use their sponsor pool, they can ask anothersponsor pool to link their sponsorpool (Image 2). For those who have entered the larger sponsor pool, you can use the related pool. Multiple users can create one large sponsor pool (Image 3). You can reduce thecost of creating your own sponsor pools by using other users’ sponsor pools. We saw the scalability of injoin through the usage history station, the event community, and the event community network, the event organization, and the sponsor pool network. It is still in its infancy and functions will be added after development and release. Thank you for any questions or comments. We welcome any questions or comments. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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In previous posts(“Pool”), we have looked at the key mechanisms of injoin. This post, let’s take a look at the scalability of injoin based on the conceptwe covered earlier. 1. Usage history station and Station network A user uses contracts(events) in accordance with a sponsorship contract andsubmitsthe gas fee to a sponsor pool. However, in this process, each time you use a contract, you have to submit the gas fee and the transaction address of the previous contract to the sponsor pool,which creates a lot of transactions in the sponsor pool, resulting as another gas fee. We have created a usage history station to make this efficient. Depending on a contract, the utilizing usage history station will allow you to do hundreds of transactions with just a couple of transactions. The Usage history station reduces the number of transactions and ultimately reduces the gas fee used when accessing the sponsor pool. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIQzyBTW.jpg&t=665&c=HkQwfl2HKRGNEw) In the figure above, the user saves the transaction address and gas fee for theevent in the usage history station without attaching it every time to send an event(Usage history station is in the off-chain). According to the sponsorship contract, the value of the first transaction isstored in the usage history station and the value stored in the gas station will be transferred to the sponsor pool on the n-1th transaction. After transferred to thesponsor pool, the scanner will confirm the submitted gas fee and transactionaddress, and if it matches, approve the withdrawal. In addition to this, usage history stations are networked together so that a usage history station can collect values from other usage history stations and transmit more values at once. Depending on network size, usage history station networks are more scalable to aggregate more than existing usage original gas stations. 2. Event community and event community network Users can connect with other users by creating an event through the injoin standard contract. If you want to raise your own event, you should pay the gas fee and then you can receive sponsorship from the sponsor. But you can skip this process and post the event. It is possible through the event community. An event community defines a specific topic or community (a school, company,or village) where users upload events through the event community, and the event community uploads events for many users. When users create an event,they pay a gas fee per event, but in the event community, you can increase gas fees and transaction efficiency by collecting and uploading the events of many users. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUTuvuJn.jpg&t=665&c=agw9Z_ImDL3qng) As described above, by uploading your event via the event community, you can reduce the gas fee and reduce the number of transactions and have more scalability as you can upload many events created by multiple users in one transaction. When a user send an event through the event community, the user pass his event to the event community on the offchain. Because it is done outside the blockchain, the user can upload events withperfect anonymity, nickname ora real name. Also, event community managers (one or more administrators of the eventcommunity) can determine the event so that the event of the malicious user is blocked. Event community managers can activate their communities and get a good reputation in injoin. A well-reputed event community manager can be supported by many people when making an initiative And these event communities can network with other event communities. Once you have a network, you can share popular events among those networks andfurther reduce network costs for event gas fee. Users upload their own events, but sometimes users may want to create events with multiple people. Event organization is available and the event can be created and maintained persistently, not temporarily. For example, let’s say you want to create a bazaar in your neighborhood. However, it can be difficult to do it alone. In this case,you can create an Event organization. Participants in the event organization intervene in the specificity of the event and adjust it to materialize it. The bazaar will continue if a bazaar is held with the expected number of people, goods, places, and a good reputation from the people. The sponsor pool network makes a network of sponsor pools to reduce gas costs. Users can create their own sponsor pools, but sponsor pool is also a smart contract and costs fees. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIBZBx5c.jpg&t=665&c=fvC2tCKXhvx6oA) As for one-time sponsorship activity, you can sponsor (Image 1) using anotheruser’s sponsor pool. If the sponsor’s own sponsor pool is too small or not known, users might not use their sponsor pool, they can ask anothersponsor pool to link their sponsorpool (Image 2). For those who have entered the larger sponsor pool, you can use the related pool. Multiple users can create one large sponsor pool (Image 3). You can reduce thecost of creating your own sponsor pools by using other users’ sponsor pools. We saw the scalability of injoin through the usage history station, the event community, and the event community network, the event organization, and the sponsor pool network. It is still in its infancy and functions will be added after development and release. Thank you for any questions or comments. We welcome any questions or comments. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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Ethereum can block malicious users through ‘gas’, but ‘gas’ creates a discomfort to users who use a dapp. In injoin, a sponsor pays the fee for users who use smart contracts, so that users can use injoin without paying any fee and further solve the fundamental problem of decentralized application. However, if the sponsor pays a fee to the user under any conditions, he/she is exposed to spam and sybil attacks by malicious users, and malicious users cause pollution to the ecosystem. In order to escape from this dilemma, the concept we present is ‘Pool’. When a sponsor sponsors gas fee to users through Pool, injoin is protected from spam and sybil attacks. Furthermore, the scale of the network may expand several hundred to even several thousand times more. Let’s take a look at the injoin Pool and find out if it can be practically implemented through this article. First is the pool. A Pool is a smart contract and Pool is also similar to multi-sig wallets but has a different point. The sponsors create a contract through the Pool, and sponsor the gas fee in compliance of the contract. The owner of the Pool is the sponsor, and the sponsors can be registered by a user’s request, or request a user to enter. The users who come into the Pool will be paid according to the ‘sponsorship contract’. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FK7QeU49.jpg&t=665&c=byJYkofYVmG4Zw) In the figure above, there are users 1, 2, 3, and 4 and a sponsor pool. Users 1 and 3 sent a request to the sponsor, and User 2, 4 received a sponsorship request from the sponsor. User 1 receives the response to the request from the sponsor and is registered in the Sponsor Pool and receives the gas fee according to the sponsorship contract. User 2 has registered himself in the Sponsor Pool by responding to a sponsorship request by a sponsor. User 2 may also be eligible for gas fees in accordance with the sponsorship contract. User 3 has requested a sponsorship to a sponsor, but the sponsor has not responded therefore the user cannot be paid for the gas fee. User 4 didn’t respond to the sponsorship request by a sponsor, therefore the sponsor cannot pay the gas fee for User 4. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fis8atA8.jpg&t=665&c=7zWL_yzAUEn4-Q) Users 1,2,3, and 4 in the figure above can make events using the injoin standard contract, and only through the injoin standard contract, the users can connect to the Sponsor Pool and receive gas fees. (Providing a standard such as the ERC20 standard) Sponsors can sponsor users with the gas fee that apply to the standard contract. Based on the information about the injoin standard and the Sponsor Pool, we will explain in detail how the gas fee is delivered to the user by the sponsor. It may vary from each user, but new and unregistered users must make a pre-payment and get refunded.(Based on the Homestead) The smart contract will be great if it’s to pay the gas fee instead of the user. This is not possible on the homestead version but will be possible in the future on Serenity. The main point would be the agreement on how the user and the sponsor receive gas refunds. First, let’s look at the whole process of how a user receives the gas fee from a sponsor. Prior to the description, users are divided into authenticated users and unauthenticated users (authenticated users are users whose real names are authenticated). Unauthorized users are likely to be spammed or suffer from sybil attacks. If a gas fee refund is available for unauthorized users, you do not need to consider to be a certified user. This explanation is about the method about how an unauthorized user can get paid for the gas fee. When a user uploads an event, the user selects the subject and region through the injoin standard. The user can see the sponsor associated with the selected subject and region. You can register an already registered sponsor as a sponsor of the event, and you can choose a new sponsor related to the event subject or region (usually you can be requested sponsorship from sponsor or send a request to sponsor). ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FfyhbuaT.jpg&t=665&c=u9ScwKAAKZchCg) In the picture above, there is a ‘Sponsor Pool 1’ that added an ‘Event Subject’ to the sponsor list, and a ‘Sponsor Pool 2’ that added the ‘Event Send Category’ to the sponsor list. And there is a Sponsor Pool 3 that is already registered as a sponsor. The User has requested a sponsorship to ‘Sponsor Pool 1’, and ‘Sponsor 1’ has responded to the sponsorship request. ‘Sponsor Pool 2’ has sent a sponsorship request to the User and the User has responded to the request. The user selects a sponsor from one of the Sponsor Pools 1,2,3.(If the sponsor is not registred in the sponsor list, the selected sponsor will be registered, and the Sponsor Pool that hasn’t been chosen by the User will be canceled) If the sponsor has been chosen, due to the ‘Gas Fee Sponsorship Contract’, conditions for the sponsorship will be made and the User will be given sponsorship. (Gas limit, maximum gas amount, number of contracts, etc will be included in the ‘Gas Fee Sponsorship Contract’, and when the contract is violated the User will not be refunded with all or parts of the gas fee.) If the sponsor made a condition that gas fee was paid for every 20 events, maximum gas limit of 50 per event, and the gas limit of 200,000 maximum limit per event for creating an event. The User can use the contract depending on this condition. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FLiRU0aE.jpg&t=665&c=dMGu_W1uEr-Ybw) After the creation of an event, submit the transaction address, and the gas fee to the injoin standard for the creation of the next event. (When the service is released, the transaction address and the gas fee will be automatically processed by the client) If you have used all 20 events mentioned above, the User can withdraw the gas fee from the Sponsor Pool that is worth 20 events. The sponsor may verify if the user has paid the gas fee according to the gas fee sponsorship contract, or has manipulated the transaction address. The scanner verifies in the injoin client side and notifies the sponsor if there is a singularity. During the verification process, you may be exposed to hacker attacks. However, the verification can be done multiple times and can be modified anytime even if the hacker manipulates the scanner’s verification. Hackers are ultimately unable to modify the state stored in the block chain, so hacker attacks are meaningless. The sponsor may approve the gas fee withdrawal by confirming the gas fee sponsorship contract, and the actual utilization value. The process of verifying the gas fee submitted to the Sponsor Pool will take place off the chain. Off chain, the user and sponsor will collect transactions that correspond to the injoin standard, and submit it to the Sponsor Pool. After verification of the transaction history, the mistaken submission or malicious submission from a user will be judged true or false, after viewing the transaction history, and the false users will be given a penalty. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FmzUE8Bo.jpg&t=665&c=FGcawO8lcth_ZQ) The sponsor may not pay the gas fee. The solution for this is the gas fee sponsorship contract in the Sponsor Pool. The sponsor must deposit a certain amount of ETH into the pool, and when the gas fee sponsorship contract is created, the sponsors are not able to withdraw the amount from the Sponsor Pool. If the sponsor does not approve the withdrawal of the gas fee even though the user has fulfilled the terms of the contract, the user can withdraw the gas fee without approval from the sponsor. (this is done by contract, and it varies by contract. This is done by the agreement between a sponsor and a user.) If a certain gas fee sponsorship contract seems suspicious or untrustworthy, users will not request for that sponsorship, and if the sponsor violates the sponsorship contract, he/she will not receive a good reputation. A typical sponsor will faithfully fulfill the gas fee sponsorship contract for his/her reputation. We have looked at how users are reimbursed with the gas fee from a Sponsor Pool. The spam attacks and sybil attacks from unauthorized users were solved by the gas fee sponsorship contract. Unauthorized users will not have much freedom in terms of use in contracts, and to earn freedom the users must participate in events, or create events to fill event lists to earn a higher freedom. Possible manipulations in the process of the reimbursement of the gas fee can be solved by giving a penalty to the malicious users through comparison in the gas fee from the Sponsor Pool.We have complemented the shortcomings and realized the advantages of the blockchain. In the next section, we will look at the possible expansion in scalability of the service, by increasing the transaction efficiency through Pool network, and event network. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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Based on what we posted earlier, we will look at the concept of Sponsor and how events are done in injoin. Basically, both the sponsor and the user are users who are part of the injoin. They may look like different people because of their different roles, but the sponsor can be the user and the user can also be the sponsor. Perhaps the user will choose his or her role, depending on the purpose of using it. Let’s take a look at how the interaction between sponsors and users takes place in their respective roles. The users can request a sponsorship from a certain sponsor, and sponsors can also sponsor any users(sponser’s choice). When a user uploads an event and no one sponsors it, the user must pay for it in order to create an event. Therefore, you can make a request to the sponsor first. When you make such a request, the sponsor may decide to accept or reject the request. In case of acceptance, the sponsor will sponsor the user by his / her sponsorship conditions (gas cost, gas limit, number of event postings), which is operated by Smart Contract. The user can make a request but also receive a request from the sponsor. For example, if you receive sponsorship for an event from three sponsors, the user can choose which sponsor to choose when posting the event (presumably the user will choose a sponsor that is relevant to the event). ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fz021NIB.jpg&t=665&c=AJa5VnPLcJrSfw) As shown in the figure above, users can be associated with sponsors 1, 2, and 3,and sponsors can be associated with users 1, 2, and 3. Because they are sending and responding to each other, so they can choose each other. In the case of traditional online advertising, users can not choose which ads to show on their content. But they are able to selecting in injoin. Since sponsors can also choose from whom to show their ads, they have more choices than traditional online ads. This is a feature of the blockchain, it is applied. Next, let’s take a look at the process of a user uploading an event and learn more about the injoin. The user registers himself / herself in the injoin Standard contract with his account address (this is similar to Ethereum ENS, and users can be connected to each other via their username, not their address). You can enter your user information after registering yourself in the standard contract (you can leave it blank, but when you connect with other users, you can be more considerate to the other person by providing your information, but this is also optional because you may want to be anonymous). Next, you can search the list to send events. This can be pre-registered or registered, and you can set the name of the region, the name of the community, item type, online content information, and value from latitude or longitude. You can browse the list of events to send and browse the categories associated with you or select where to list events. Users are actually linked through this list. Users can view the events they requested or responded in the user event list. The viewed information is automatically saved after being accepted, and when the occurring event closes, the case in the event list is saved. The users can see the related contents like a diary through this information. And other users can know about each other through the event list. Users can browse the sponsor list associated with them and search sponsoring or sponsored sponsors. The user can choose the best sponsor when sending out an event through the sponsor list and get the gas fee from the sponsor. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F559YeZH.jpg&t=665&c=-YlFisuJYMOO6w) A sponsor registered on a user’s sponsor list means that the user is registered in the sponsor pool as seen from the sponsor’s standpoint. The content of the sponsor pool will be explained in more detail later but in a nutshell it is similar to the multisig wallet concept (the owner of the multi-sig wallet is the sponsor and the users are registered for that wallet). The more users registered in the sponsor’s pool, the larger the sponsor. The sponsor may, of course, sponsor a friend by registering only one friend in the pool. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FlIUCS6F.jpg&t=665&c=rlO0TwpcCSLsTA) Based on what we know about the sponsor pool and the injoin standard contract, we’ll see how users upload events, how they are associated with other users, and how the finished events are stored in the event list. Suppose there is a man named Dave. He is a freshman and wants to put a curtain on his room. However, he has recently moved to the school, so he does not know anyone who could lend him a drill. Dave, who does not have much money to buy a drill, connects to injoin. He picks a subject[1]to ask for a drill through the injoin standard contract. (We are confident that the UX will be perfect enough so that he doesn’t know that he is writing a contract) Under the event send category, he chooses his school name[2] from the listed categories which the event was most likely to occur. From the sponsor list[3] he picks out a sponsor that matches with his drill, and chooses a motor specialized company. And now, “Sponsored by Motor Legendary” is connected with the event. Dave specifies in detail the reason he needs a drill (when borrowing a drill, effortless low quality writings will not motivate a person). Dave sends the event[4] and the user who added the event list will receive it. The User 2 has a drill and responds to Dave’s request[5]. Dave can repay User 2 for lending a drill by sending iii. The given iii will be listed on the event list. The gas fee for the event including the gas fee for the User 2 for responding to Dave’s request will be informed to a sponsor. The sponsor will pay the gas fee which fit to the sponsorship condition[6]. This payment doesn’t need to be made by each event. Payments can be made after gathering more event fees, and every condition will be decided by the past sponsorship condition. The same goes with the gas limit and the maximum gas fee. The closed event will be saved in the user event list owned by Dave and User 2[7]. Against this event, User 4,5,6,7, are able to see this information to learn about Dave and User 2[8]. We have seen how the event is done through Dave. Nobody gains a disadvantage in injoin. Dave and User 2, even though they didn’t know about each other, could meet by sympathizing through injoin and Dave could borrow a drill from User 2 with no commission fees, and User 2 could lend(to help him) his drill that sat like a zombie. These actions can be saved in the event list, and also have advertising effects. Other users can see this event and help User 2’s request by recognizing User 2’s good deeds. The sponsor has contributed in creating a rational society with a simple but witty name “Sponsored by sponsor”, and also with few fees. In injoin everyone finds their own puzzles, and create a new world by matching them together. This is injoin. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FWGB7F38.jpg&t=665&c=hhj51eK66XqDqg) Sponsors will sponsor the gas fee for the Smart Contract used by users. In this article, we will learn more about “Sponsored by sponsor” through comparison with existing online advertisements. “Sponsored by sponsor” is a sentence attached to an event posted by a user. The purpose of this sentence is to inform users of sponsors who have helped a regular user to use a smart contract without paying a gas fee. Other users can see who was sponsoring when they view the event. The sponsor gives a good impression to the user who are now able to use the Smart contract without paying a gas fee and to all the users viewing the event. Because he(the sponsor) helps make autogenous the service viable by making the beneficial ecosystem available at no cost. A sponsor may make his(sponsor) name public or private. Sponsors can be anyone, and the purpose of sponsorship is also different for each sponsor. Sponsors can set their own names to match their intentions when deciding phrases. Let’s look at an example. - Sponsored by Coca Cola -> Sponsored by a 131 year old friend - Sponsored by Nike -> Sponsored by your gym partner - Sponsored by China -> Sponsored by your travel place - Sponsored by Ethereum -> Sponsored by world computer - Sponsored by FRIEND -> Sponsored by when are you gonna pay my lunch back? - Sponsored by a girl named Jenny who has a crush on him -> Sponsored by do you have plans tomorrow evening? As mentioned above, the sponsor can change the name of his or her own name. So that the users who see the nickname can simply accept the phrase that they can pass through. Therefore, a sponsor can be more closely associated with events and ecosystems in terms of paying for services. Let’s look at the characteristics of “Sponsored by Sponsor” by comparing it with existing online ads. There are many types of ads on the web and in apps. Perhaps the main elements are letters, pictures and images. These forms of ads are familiar. In general, users accept ads without hesitation. However, the impression of ads given to users are not great. “Sponsored by sponsor” is a simple phrase. Much less fatigue than traditional online ads. “Sponsored by sponsor” can also make effort to stimulate. But these efforts usually do not work for injoin. This is because there is no third party. Existing online advertising was mediated by a third party, so the advertiser did not know the direct feelings user had about the ads. So, without understanding the users, the ads would have been irritating(So, the ads would have been irritating due to the lack of understanding users). However, “Sponsored by sponsor” does not have an intermediary due to the nature of the block chain. Users can randomly choose a sponsor, but you can also choose your own sponsor for the event. If the sponsor is not picked up(chosen) by the user, he will feel concerned with his nickname and can change it in a more appropriate way. These feedbacks can help resolve the existing online advertising problems. And find out the reactions from general users, so you can name your own. We’ve looked at the features of “Sponsored by sponsor”. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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Will there be coins or tokens? How do you prevent spamming the network if there's no gas?
Other than that it sounds interesting and ambitious. Best of luck.
Thank you for your interest!!! iii( https://bitcointalk.org/index.php?topic=2126726.msg21258221#msg21258221) Ethereum will soon be forked its Metropolis. Meanwhile, in the homestead version, sponsors will reimburse the gas fee.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9timbR4.png&t=665&c=3ToFj5PN4gTe2g) It is impossible to manipulate voting on the blockchain system. From this basis, we have adopted democracy to realize an autogenous service which enables a global direct democracy. Injoin divides initiatives and voting rights. Users can create initiatives when they experience service inconvenience. Then all users who use the service can participate in voting only one vote for the initiative. The most popular initiative will be chosen to be voting, and the other initiatives will be reset. The voting on the initiative will be made in the proportion of the amount of ‘iii(token)’. The final decisions will be made whether to run the initiative or not. The division in initiative and voting rights is the main point of an autogenous service. (Similar to the legal separation of the executive branch and the legislative branch). For example, if initiatives could be made only by stock holders, the service quality can fall. Let’s say If an initiative has been raised to gather more commission fees and distribute them (in the form of a dividend) by the ratio of the amount of stock, most of the iii token holders will agree. However, creating a burden for users and sponsors by forcing them to pay commission fees is not reasonably right, and this creates an obstacle to the autogenous service. To solve this problem, we have divided the initiative and voting rights. The initiatives aren’t made by the amount of iii but are made by one vote per user. Also, users must pay a little bit in order to vote. The reason for the payment is to create responsibility in voting. If there are many initiatives and it is free to vote, users can decide not to vote. Even with the most minimum amount of payment, if voting rights costs, users will be more careful in voting for an initiative. If initiatives are made by one vote from each user, there may be no suggestions about the dividend policy(mentioned above) which is harmful to all users. The initiatives will be made by the agreements of the majority. Therefore, an initiative will be chosen that users think about the most important subject for final initiatives. The final initiatives will be voted and this process includes opinions from both users and token holders. The improvements in the quality of the service will be made due to opinions that come from everybody. The more users participating in injoin doesn’t directly give dividends for the iii holders, but the enlargement of the market place increases the value of the iii. Therefore, a dictatorship that comes from the minority owners who have a large share of the stake can be stopped. In other words, the initiatives from the normal users with less or users with no tokens will be respected and the most needed initiative will be chosen for a reasonable direction that enhances the overall value of injoin. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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Thank you for your interest. Our project is still in its early development. We are working on discussing and receiving feedback by announcing our new information.
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Any ICO planned?
Thank you for your comment. We will be further posting information related to the ICO soon!
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How many threads are you making?
Could you be more specific?
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Is there some company behind the project?
There is no company. The final form of injoin is an autogenous system. We are aiming to develop the project together with the participants.
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How do you plan on preventing manipulation of your system?
Thanks for the comment. If you have a specific manipulation you are curious with, we could briefly explain it for you. Also, we are planning to update the logic of injoin every day.
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An ICO to solve trust issues on transactions in the Bitcoin network is a great idea.
I agree. The biggest advantage of the blockchain network is trust in uncertain people.
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There is one currency. It is the iii token, and the user can use it for two purposes, the first one is using it as a tip and the second is for voting rights. A tip is a method to repay a person when he or she receives help. We do not judge value by pricing, but this doesn’t mean that we are taking away the opportunities away. We are the conversion from payment obligation to a payment choice. People can give someone cash in return, but since cash can’t be recorded there is no way to prove that I have actually provided cash for an incident for future users. However, if you give tips via iii, you can find that you have paid for the tip due to the history recorded on the blockchain. The tip can also function as voting rights depending on the amount of shares you hold. This is an important method to maintain a service that facilitates an autogenous service. In order to achieve this, users agreement must be driven out. Voting rights will be given depending on the amount of share users hold and this can improve services by a democratic method. The realization of a true DAD (Decentralized Autonomous Democracy), will become a representative for value of the sharing environment. Smart contracts used by 7 billion people : www.injoin.in injoinMeduimRedditSlackTwittergithubYoutube
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