✅✅✅[ANN] IOTW: NEW DISRUPTIVE BLOCKCHAIN TECHNOLOGY✅✅✅

[hbcenk]

Why do you allocate %17 of tokens for Founders, whereas only %24 for ICO?

What are your reasons or strategies to validate such allocation?

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[Yura Vorobiov]

Hi there! We've conducted a primary evaluation of your project and made a SWOT analysis, identifying the lack of comprehensive financial plan as the main project's weakness: https://swot.digrate.com/report/574abbf2-c4fe-4d95-9c7a-3bdb89cbd63c. Please note that this is not an official statement, we just use it for our internal purposes, the SWOT does not provide deep understanding of ICO and was made automatically based on data published in open sources.

[kusumadewi]

what is the size of the market that IOTW is entering? As i know, IOTW blockchain aims to serve every corner of the world where there is an IoT device. This is good idea.

[termion]

Have you tested the energy consumption of your protocol? Can we have details of energy usage on say a smart phone? IOTW- very interesting project.

For single wireless lan chip, it is 0.5W including wireless land. This is measured data. Developers have not measure cell phone yet. I would target 2% battery life hit or less

[tarolog]

Is there a lockup period of tokens for early seed investors and team and advisors? I want know answer on this question. Thank you.

[Varyg]

Is there a lockup period of tokens for early seed investors and team and advisors? I want know answer on this question. Thank you.

As I know, 6 month start to have some and lock upto 2 years. THis is very important information, I think. Soon ICO IOTW will be start.

[tarolog]

So how will I be able to transfer the minted coins from say a refrigerator to a wallet? Are there any legal investor enrollment requirement(KYC) in place?

[termion]

 have you accounted for human behaviour?  I mean if I am in country where electricity costs are low and the value the coin is high enough to cover the bill won’t it defeat the purpose of energy efficiency and saving?

[Payal_techy]

You have an interesting concept. I hope you must consider getting your coin listed on ICO Guide https://www.icoguide.com/en so as to get better response.

[Varyg]

If the software can be pre-installed on mobile phones that would be a great win. Maybe on purchase the phone comes pre loaded with 100 tokens and IOTW could run this promotional campaign in collaboration with smartphone brands for a month.

[termion]

 I have a feeling that smartphones could pave the way to mass adoption. If ppl see how easy micro mining is on a device the interact with so often in day, they will definitely be interested. Bear in mind white goods do have a long life whereas smartphones have a shorter lifespan. Ppl tend to replace their phones more often then say their tv and washing machine.

[kusumadewi]

IOTW are sure you will find the discussion topics here both entertaining and enlightening! Did you see one of official videos? https://youtu.be/MNppo-JkjP8

[S3cco]

Bitcoin Garden: Why We Seriously Need to Rethink Blockchain’s Consensus Mechanisms
https://bitcoingarden.org/why-we-seriously-need-to-rethink-blockchains-consensus-mechanisms/

Blockchain is often praised for many of its disruptive abilities and its decentralized structure is one of its main assets.

The technology is naturally democratic, fair, and resistant to third party control and corruption which makes it ideal for all kinds of industries like finance, law, and even government. Blockchain solutions are being developed for things like fair elections, secure supply chain management, and organizing public records.

Another growing industry where blockchain could really make a difference is the Internet of Things where blockchain to make a difference by providing secure and efficient handling of data.

But before blockchain hits the mainstream and starts to really achieve its potential, there are a few problems that need to be addressed.

One of the bigger issues with blockchain is the consensus mechanisms it uses to mine blocks and decide who can add data to the chain....

[Adolf Cryptler]

I see that the OP of this project has been tagged with red trust for having organized a scam ICO. That's a heavy accusation which people willing to invest should seriously investigate. If the accusation has no ground, that should be explained too by the team.

[kusumadewi]

IOTW Reviewed by Cryptoniac!!!
Cryptocurrency mining has traditionally been a resource-intensive process, requiring significant processing power and energy. As such it is now concentrated in the hands of a small number of professional players. The IOTW blockchain technology is a completely new architecture with an innovative consensus protocol called Proof of Assignment, which allows IoT devices, no matter how simple they are, to easily mine IOTW coins without the need for any hardware change. The IOTW blockchain is developed for the common people around the world.
https://www.youtube.com/watch?v=lxw1Sa0izBw

[termion]

 IOTW Announces Strategic Partnerships with Consta Mobile & The California Wine Company Limited. This is great partnership.

Read more: https://cryptovest.com/news/iotw-announces-strategic-partnerships-with-consta-mobile--the-california-wine-company-limited/

[Varyg]

The point in all of that is simple, in order to generate cryptocurrency it takes a lot of computing power and energy, IOTW helps the users to generate IOTW  token through their daily activity

[Kevala]

I would like to have a more complete report on your project. Thank you

[Silasa]

I'll keep an eye on IOTW. Project sounds interesting. Wish you luck.

[durudara]

On Forbes, Frederick Leung, CEO of IOTW, has ventured that: “IOTW is fast and is capable of supporting a large volume of devices. It is also more secure than most common blockchains because of its witnessing protocol. A single enterprise can add hundreds of IoT devices to its infrastructure. With no add-on material cost to mine, a business could readily enjoy the benefits of micro-mining using their existing IoT devices.”


https://www.forbes.com/sites/rogeraitken/2018/08/24/bitcoin-aside-can-blockchain-boost-enterprise-iot-adoption-speeding-up-roi/#ba10fa227b6c

there are also many advantages offered by this project and I am convinced that there will be a lot of support for this project later.