Bermi, the short video APP incubated by IOST, officially announced the issuance of EMOGI as an IRC-20 token on IOST today.
EMOGI is a widely-distributed digital currency woven through the fabric of two viral products. It’s open, censorship-resistant and easy to use — characteristics that have ensured rapid growth and adoption. It’s programmable, and uses a true proof-of-stake consensus mechanism to incentivize good behavior from all participants.
Through the team’s consumer-facing products Berminal and Bermi, Emogi is already one of the most widely distributed digital assets in the world — as millions of users are acquainted with Emogi token and consider it an important medium of exchange. This base-layer adoption will serve as an inherent advantage for Emogi, as layer 2 developers naturally embrace decentralized solutions with built-in user bases. Emogi’s adoption makes it an attractive option for developers, ensuring continued development and innovative breakthroughs in its decentralized application ecosystem.
EMOGI in Latin American Economy
A number of regional factors are making Latin America a greenhouse for cryptocurrency to substitute — or even replace — the fiat money. First, the lack of access to the traditional banking services. A recent study found that fewer than 50 percent of Latin American adults have a bank account, comparing to 95 percent in American and 69 percent globally. Second, the high demand and volume of remittance as well as pricey cross-boarder transaction fee. The inbound wire transfers reached $80.5 billion in 2017 and 5 percent of the volume was consumed by fees. Thirdly, many countries in the continent are suffering from severe hyperinflation, exampled by Venezuela, causing plunges in the value of hard-earned savings overnight.
IOST-incubated short video social app Bermi has a large user base of over 5 million and this number is still increasing rapidly. With its special economy model incentivizing good content creators with its token EMOGI, Bermi will transferred millions of users to EMOGI at the blockchain project’s initial stage.
Thanks to its phenomenal popularity, Bermi has already attracted potential partners and reached partnership plans in several Latin American countries including El Salvador and the Dominican Republic. Bermi plans to promote EMOGI as an international payment currency in these countries. With the existing large user base, EMOGI is determined to help ease up the above-mentioned struggles faced by Latin America and become a mainstream cryptocurrency in the region.
IOST X EMOGI, A Big Step in the Crypto World
Hand in hand with EMOGI, IOST aims to use our global influence to contribute to the crypto world. The two will work together to promote the construction of a global decentralized network and enable more people to enjoy the convenient financial service.
One small step for IOST x EMOGI, one giant leap for the crypto world!
Report on EMOGI NETWORK.
Before we talk more about EMOGI NETWORK, it is good to know what EMOGI NETWORK is.
EMOGI is a secure digital currency that can be sent from person to person via the internet. Transactions have very low fees and are completed almost instantly without involving banks or the government.
The logo of EMOGI Netwok has a philosophy that hopes to be used and understood throughout the world, and quickly become a universal language. EMOGI strives to be a globally recognized and accepted money.
EMOGI NETWORK has 3 main functions, namely:
-PUBLIC.
Generate, stake and transact all with the mobile application.
-DO NOT STOP
Millions of participants were not censored by the government and banks
-EASY
Send money anywhere, almost instant, near free
EMOGI itself is famous for its main application, Bermi, Bermi is a short video sharing platform for Latin American viewers, where the utopia of decentralized social networks is slowly starting to take shape. With EMOGI as an arbiter, any contribution to the network is valued accordingly. Bermi currently reaches more than 6 million users, and millions more actively share their videos every month.
Not only issued a video sharing application, Emoji Network also released an application called Berminal News. Terminal (Blockchain + Terminal) is a blockchain and crypto newstime platform. Resources include 11 languages and more than 300 cryptocurrency including BTC, ETH, XRP and IOST, along with direct prices and technical indicators. Armed with a team of professional news correspondents, Berminal uses crypto news as a stepping stone to revolutionize the entire news industry.
EMOGI NETWORK itself was founded by people of high integrity and commitment.
Rui Xiao is the CEO / Co-founder at EMOGI and COO / Co-founder at IOST
A little profile about Rui Xiao:
Rui has successfully launched several applications in the school period, one application has more than 10 million users. Rui also co-founded Dora, supported by leading VCs in China including Sequoia Capital China, Matrix Partners China, and ZhenFund. Rui has a triple-major degree from Tufts, studying Computer Science, Philosophy, and Economics.
Liangwang Chi is CTO / Co-founder at EMOGI
A Little Profile about Liangwang Chi.
Liangwang works for the Top 2 hedge fund, which manages more than $ 2 billion in a 5-person team. At Bloomberg he developed the largest machine learning cluster in the company of 20k people. Liangwang is a Ph.D. dropout from Tufts University in machine learning.
Jiaming Zhong is a CIO / Co-cofounder at EMOGI and CEO / Co-founder at IOST
A Little Profile about Jiaming Zhong.
IOST is a blockchain company that is currently trading with a market capitalization of ~ $ 200 million, launched on all major exchanges including Binance. Jiaming also co-founded StudyPool, a silicon valley technology company in 2013. Jiaming also co-founded Dora tech and is supported by the Chinese sequoia, Matrix.
Yannan Wang is a CTO / Cofounder at IOST.
A Little Profile about Yannan Wang.
Yannan received a PhD from princeton university. Before joining IOST, he was the technology leader in the Uber development platform handling 100k / s qps.
Since the concept's inception in May, EMOGI NETWORK has built a team of 30 hardworking and experienced members with proven capabilities to build and grow products in the block chain industry and traditional technology industries.
-Bloomberg
-Deutsche Bank
-Facebook
-Google
-Microsoft
-Kayak
-HARVARD University
-Princeton University
-Duke University
-Northwestern University
-Massachusetts institute of technology
-The University of Chicago.
-Columbia Collage
-Tufts University
-BROWN University
To find out more about the team from the EMOGI Network you can open the following link:
https://docs.google.com/presentation/d/1ZBCMB1dHksQA3tItJCKYLmvJdoXQ0QG-Lwki4-H0CFQ
Join the EMOGI NETWORK community at:
WEBSITE EMOGRAM
https://emogi.io
TWITTER EMOGRAM
https://twitter.com/EMOGIcoin
MEDIUM:
https://medium.com/@EMOGICoin
Telegram:
https://t.me/emogicoin
