|Industry:||Communications / WiFi|
|ICO Timeframe:||12/21/17 – 01/31/18 (PreSale & ICO)|
|Token Supply:||100,000,000 (64% Crowdsale)|
IUNGO intends to be a globally distributed wireless internet service provider built with the help of a worldwide community. Participants can assume responsibilities and benefit from the associated rewards for running parts of the service delivery infrastructure. Members can contribute by installing Public Wi-Fi access points on their premises and/or running parts of the service infrastructure. Their network will rely on the existing physical Internet infrastructure to carry end-user traffic and will form an overlay network with unified end-user identification, authentication and billing systems. Iungo will use the Ethereum network to build trusted, transparent accounting and payment infrastructure, through use of the ING token. The mobile applications will enable low granularity service usage accounting and compensation for services rendered. In addition to their software solution, hardware will be offered as an option, with pre-setup routers available for those seeking a consumer friendly plug and play experience.
PROS: Impressive advisory board, extensive management team with relevant experience in all areas including blockchain development, soft-cap already reached.
CONS: Based in Eastern Europe but does not tap potential of third-world where need is most critical, very early in development / programming.