Tuesday, 22 May 2018

IAME Overview of ICO

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Official Website
IAME is a specially designed system to serve a fragmented identification process, which is based on cryptographic tokens. Often the IAME network includes block-transactions. However, it is possible to increase the scope of activity. This network can cooperate with trade transactions, and financial institutions, if services are provided that are connected with the block system.
The identity network IAME basically consists of :
  • Clients;
  • Distribution servers;
  • Verification servers;
  • Recorded blockades;
  • Identity Servers.
For each component, there are specifically specified functions, which can be demonstrated through two processes - the validation process and the identification process. Valling is an operation in which user information is confirmed by third-party validators. Here is the algorithm of this process:
  1. All customer information is fragmented and encrypted by the verification packages, after which they are sent to the distribution servers. This process is carried out only by agreement with the client.
  2. Using the distribution server, the placement of each package for third-party validators is controlled, from which the result will return with a check on the verification server.
  3. Having finished with the previous steps, the server checks and evaluates the verification, numeric or logical confirmation is hashed, it is associated with certain data in the registered cell.
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Identification algorithm
Only after completing the identification process, you can make transactions with customers. This process is based on the customer's own preferences. 
To verify the data of a particular transaction, the counterpart must send a request to the identity server to determine the status of the information verification. 
After analyzing the identity server of the block, the data is returned to the counterparty. And afterwards the entire process, the transaction can be completed by the counterparty. 
The IAME identity network is used to divide, distribute and verify the carrier confidential personal information, and not to exchange personal data.
Tokens in the IAME network
To manage the IAME identity server in the release, there will be functional tokens - IAM tokens, which act to verify the initiation requirements of the proof of the verification packet in the identity network. Tokens will be consumed by the parties through the clients of the IAME identity server. Next, the equivalent costs for hashing of block libraries will be calculated. IAM tokens are paid as a reward to validators who participated in the validation process. So, the token will not be a means of accumulation, but it will have a market value based on natural demand and a proposal for the identification process. 
You can determine the price of the token using two factors:
  • The price for validation. It has a proportional financial value of hashing the amount of information requested by the assigned blockers. Then the minimum price for tokens will be set.
  • Demand in the market. Demand for identification in the block, based on the identity network IAME, which is proportional to market demand. 
    Since the verification of information in the identification sphere is dynamic, there is a cyclicality in the demand in the market, but if the identification network is applied, then it will be able to increase. The use of the identity network IAME contributes to solving a number of problems related to this area.
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Bounty Campaign - 1% 
Price - 1 IAM = 0.0001 ETH 
Soft Cap - 1,000,000 USD
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Signature Campaign - 40% 
Translation Campaign - 5% 
Twitter Campaign - 10% 
Facebook Campaign - 10% 
Blog Campaign - 20% 
Telegram Campaign - 5% 
AirDrop - 10%

Additional information about the project:

Website: https://iame.io/
Author: dhavid19
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1795848

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