Last Update
Mar 29, 2018
IDMoney’s mission is to create a new governance model and free, distributed blockchain wallet to integrate crypto and self–sovereign virtual personality to enhance local development and citizens’ empowerment. In addition, IDMoney will seek to support the widest diffusion of the concept through a novel campaign of online educational videos. Uniquely, this model and platform will be public, social and global:
It is expected that the creation of the new governance model and free, distributed blockchain wallet will be completed in a period of 3 years from the moment the ICO of 35 millions of IDM crypto tokens is concluded. At the end of these 3 years, the ownership of IDMoney corporation will be transferred in equal shares to three local governments selected half-way (18 months) for their commitment to pilot the implementation of IDM results (with the backing of the IDM team) for the purpose of socio-economic development and citizens’ empowerment. Twenty percent of the total value of IDMoney’s crypto tokens (7 million tokens) will reach directly the local governments’ citizens living in poverty. Most importantly, by testing, validating and improving the new governance model and blockchain software, these local governments will have the opportunity to become de facto leaders of the emerging global government community offering a decentralized multi-government crypto with self-sovereign virtual personality for citizens. Certainly, they will not be tasked with the creation of the global government community but their experience will be a strong stimulus for others to follow. The responsibility for stimulating the emergence of the global government community will fall to another organization: Global Money.
- IDMoney software development (Money Making Wallet)
- Governance Model (Drupal Community)
- IDMoney Token
- Crypto Educational Tool: Cryptoland.tv
2018 (IN PROGRESS)
STARTING: 2018 . Ending: 2018 (COMPLETED)
March 2018 (IN PROGRESS)
STARTING: 2018 . Ending: 2018
STARTING: April 2021 Ending: April 2021
STARTING: April 2021 Ending: April 2021
Jan 2018 - April 2021.
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Attention. There is a risk that unverified members are not actually members of the team
Summary
Overall, ID Money is a good idea for those wanting to get involved with the political process. It might take time to get the ICO onboard with the government, but it still has potential to help solve problems within our global government.
Positives
Established Team: All members apart of ID Money’s staff have links to their LinkedIn profile. This makes this ICO more professional, transparent, and is a sign of an approachable ICO team.
Poverty Reduction: 20% of ID Money’s total tokens are used to help reduce poverty. Because of this, ID Money is helping the global community by fixing problems that are still present in today’s society.
User Incentive System: When working on their platform, ID Money gives you the ability to gain 400 ETH and 100,000 IDM tokens through collaborating and playing in their municipality process.
Negatives
Government Acceptance: IDM plans on having a decentralized government, but that will place it in direct competition with traditional government systems. This means that the ICO will have to undergo a lot of changes and negotiations before it’s accepted by the world’s government organizations.
Corruption: ID Money is a great platform idea, but there is some skepticism about what users will do with the platform. Some users might attempt to use the cryptocurrency to fund for terrorist organizations.
Coin Allocation: It says that 20% of their tokens will be used to prevent poverty. But the project should list some charities to ensure that the user’s tokens are going to the right place.
