Tue, 18 Dec 2018

IUNGO.network

Global wireless internet provider



When you think about it, we’re surrounded by the internet. In fact, it’s a 620 billion dollar industry that is still growing rapidly. One major characteristic of this industry is that it is extremely centralised and the vast majority of profits accrue to a handful of large, monopolistic Internet Service Providers (ISPs). This is a wonderful arrangement for the big players but not so beneficial to consumers and business customers.

IUNGO Network will disrupt the current WiFi provider industry by allowing anyone to become a wireless ISP, and to provide wireless network connectivity to any user for seamless consumption. IUNGO’s blockchain powered technology allows users to make payments for this wireless service.

According to IUNGO’s Chief Technology Officer Andrius Mačys, “by allowing small businesses — like cafes or pizzerias — to easily generate additional revenue by becoming wireless ISPs, IUNGO Network will be rapidly adopted and our user friendly interface will attract a large segment of internet users.”

IUNGO Network allows users to find a secure WiFi hotspot that matches his or her preferences for speed and price. On top of that, with the push of a single button, IUNGO Network will seamlessly connect to the WiFi network, based on those preferences. It’s as easy as using your mobile network on your phone.

Many small business owners as well as larger organisations would benefit from having a “plug and play” wireless network system, provided by IUNGO, which doesn’t require dedicated IT personnel to maintain.The simple and elegant design allows owners to simply choose their settings according to what they think is the best — if they want to get paid for usage (time or data size), or if they simply want to collect information that could be used for promotions, like email marketing.

As IUNGO’s CEO, Ričardas Bernotavičius puts it, “we believe that IUNGO is for a new generation of consumers — people who want everything on the go, for a fraction of the price. Forget using expensive roaming, or filling in countless forms when trying to connect to a WiFi network in the middle of nowhere — IUNGO will transform the way anyone uses WiFi networks for a dramatically improved user experience.”

Decentralised Wifi provider intends to disrupt the global ISP industry

The Global Internet Service Providers industry is one of the fastest-growing industries in the global economy. According to IBIS World’s research, the annual growth rate between 2012 and 2017 was 8.8%. The majority of Internet service providers are multi billion dollar Telecommunications companies like AT&T, Verizon and China mobile. Most of these Telcos and ISP’s are regionally based with no convenient services for today’s new generation of freelance workers, digital nomads, travelers, vloggers etc.

It is a significant problem for them to access reliable and sufficient internet services outside of their home country. Wi-Fi password hunting, filling forms in airports and public spaces, unknown security or payment options, poor download and upload speeds and data usage restrictions causing not just inconvenience but a measurable and material waste of time, energy and money. The solution could be a global ISP provider. This is how the IUNGO vision was born.

IUNGO is a globally distributed wireless internet service provider built with the help of a worldwide community. We are bootstrapping a community where everyone 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.

IUNGO 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. We will use the Ethereum network to build trusted, transparent accounting and payment infrastructure.

Our mobile applications will enable low granularity service usage accounting and compensation for services rendered. Additionally to the software solution, hardware will be offered as an option, with pre-setup routers available for those seeking a consumer friendly plug and play experience.

How it works

Most of the major Telcos and ISP’s are regionally based with no convenient services for today’s new generation of freelance workers, digital nomads, travelers, vloggers etc. It is a significant problem for them to access reliable and sufficient internet services outside of their home country.

Wi-Fi password hunting, filling forms in airports and public spaces, unknown security or payment options, poor download and upload speeds and data usage restrictions causing not just inconvenience but a measurable and material waste of time, energy and money. The solution could be a global ISP provider. This is how the IUNGO vision was born.

IUNGO is a globally distributed wireless internet service provider built with the help of a worldwide community. They are bootstrapping a community where everyone 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.

IUNGO 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. As Andrius explains,”we will use the Ethereum network to build trusted, transparent accounting and payment infrastructure.

Our mobile applications will enable low granularity service usage accounting and compensation for services rendered. Additionally to the software solution, hardware will be offered as an option, with pre-setup routers available for those seeking a consumer friendly plug and play experience.”

IUNGO will not limit itself to the technical research and development needed to deploy the network at global scale, but will also build worldwide recognition of the brand.

IUNGO will not limit itself to the technical research and development needed to deploy the network at global scale, but will also build worldwide recognition of the brand.

ICO

Participants willing to support the development of the IUNGO Project can do so by sending Ethereum currency to the designated address, or by contributing throw IUNGO platform with other types of payments. By doing so, they are purchasing IUNGO Tokens (ING) at the rate of 1000 ING per 1 ETH which will be sent to their wallet.

During token sale several rounds (Tiers) will be organized with a different Discount rates, payment methods. IUNGO keeps the right to have special negotiated deals and discounts for large stake
investors.

Details:

  • The main currency during the token generation event is Ether (ETH).
  • It can be proposed to participate in other forms of payments too.
  • Token Creation will be capped (“Soft Cap”) for 8 million INGs sold. This amount is subject to change before the Token Creation event.
  • The Token Creation period will last till 31st of January 2018 or till all created IUNGO tokens will be sold.
  • If the Crowdsale campaign does not reach its minimal capital goal all funds will be returned automatically to the ING holders.
  • Token Creation has a Hard Cap: upon achieving this Cap, token creation will stop and no further contributions will be accepted. The Hard Cap is equal to 64 Million INGs.
  • Tokens that are not sold during the Crowdsale rounds will be automatically transferred to the further financing rounds by the smart contract, and will burn at the end of token sale.

Start in 07-12-2017
Ended in 31-01-2018
Symbol ING
Price 1 ETH = 1,000 ING
For sale 64,000,000
Platform Ethereum
Accepting BTC, ETH, LTC, Fiat
Soft cap 8,000,000 ING
Hard cap 64,000,000 ING

  • Ričardas Bernotavičius - Co-Founder / CEO
  • Paulius Sirevičius - Co-Founder / COO
  • Andrius Mačys - Co-Founder / CTO
  • Andrius Milinavičius - CMO
  • Tomas Zajankauskas - Backend and web development
  • Ilona Baciuskaite - Graphical design
  • Moses Kang - Industrial design
  • Dylan Sharkey - Board management / Advisor
  • Kazimieras Vaina - Backend development
  • Justinas Jurkonis - Legal Advisor
  • Ričardas Pocius - Advisor / Networking / Blockchain
  • Robertas Višinskis - Advisor / Blockchain
  • Damir Besic - Technology Advisor
  • Simon Cocking - Digital Marketing Advisor

  • 2016
    The rise of the decentralization movement ignited the idea of a Global Wireless network with a swarm of community managed WiFi hotspots.
  • 2017 Q1 / Q2 Research
    Can we build it? How can we do it? How to incentivise participants?
  • 2017 Q3 Team & Tech
    Technical feasibility study, planning, testing and coding. Core team establised.
  • 2017 Q4 MVP
    Whitepaper published and MVP developed. Positive feedback from the community encourages the team to move forward.
  • 2017 Q4 Launch
    IUNGO.NETWORK launched. LinkedIn executive joins the team as an advisor.
  • 2017 October PRE-ICO
    Pre-Sale financing round begins with a 66.7% discount.
  • 2017 November MVP
    Deep focus on MVP development, refinement and public launch.
  • 2017 December ICO
    Financing round. Token generation event to support further project development, creating liquidity and a closed loop of incentives between hosts and users.
  • 2018 Jan / Feb Hit Exchanges
    Cryptocurrency exchanges are important for any token to become adopted by the masses, as it enables your token to reach a wide range of potential buyers. This will increase liquidity in the IUNGO ecosystem and the value of ING will grow in tandem as the network achieves critical mass and global scale.
  • 2018 Jun Alpha
    Alpha version of software released. A swarm of WiFi hotspots provides access via the Service Gateway.
  • 2018 Aug Android APP
    Android application release for convenient IUNGO network usage.
  • 2018 Dec Beta
    The launch of a Beta software package which will include a billing layer that orchestrates ING token flow. Focus on SME and Enterprise sales as well as attracting consumers.
  • 2019 Q1
    Multi Cell Service Gateway communications and independent providers scale globally.
  • 2019 Q1 / Q2
    Secure layer overlay from router to destination via optional VPN services providing enhanced security, anonymity and freedom from censorship.
  • 2019 Q3 / Q4
    Business partnerships with legacy Enterprises and new DAOs. Expansion through integrations / synergies with other DApps. Support for and integrations with IoT devices and services.

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ETH : 0x5620C0851d58Fd55a411dAdeb17c83DBB8E61b29