''Indicoin: Blockchain redefining Social Service’’ is India’s first Token sale/ICO.
Indicoin is a decentralized autonomous cryptocurrency and a social service platform that enables users to use smart contracts to provide social proof to the community through a decentralized, unbiased and transparent voting process thereby incentivizing and encouraging the user community to undertake more such social tasks. Indicoin is a first ever social platform where people can not only contribute but also validate through any kind of content post anonymously from anywhere, anytime and also earn through it.
Indicoin tokens give the member of the community the right to raise a proposal and vote for proposals of other members. Every Indicoin holder will be a member of the community on the decentralised App(App). Also, one can stay anonymous.
Suppose I am doing something which will ultimately lead to upliftment of the society. So I raise a proposal on the platform(DApp). Upload my proof of work which can be anything like a live video, images, genuine documentation.
This proof of work is now reviewed by other members of the platform and a transparent and unbiased voting process takes place on the platform. Members can either upvote the proposal or down vote it. If my proposal is found to be genuine I get Indicoins as a reward. Also, the members who upvoted me will get Indicoins. If my proposal gets downvoted or rejected, members who downvoted will receive the Indicoins. Two consecutive rejection will lead to the suspension of the right to raise the proposal.
Indicoins are ERC20 tokens built on top of ethereum. So IPFS, Smart contracts(ethereum) and the distribution protocol developed by our team will decide to whom and how many coins will be allocated.
I'll give you an example. One day, I plant a tree in my backyard and upload a video doing so. Now, all the group members will either upvote it or downvote it. Upvote means they are satisfied that I really did it, downvote it if it seems that I did the trick and didn't actually do the job. As a whole, votes will be calculated and if I really did plant the tree I'll be rewarded. This is just an example, there are million other test cases that can be implemented. When people will be rewarded with some thing like Indicoin by doing something good towards society then it will motivate people to do good. More and more people will come in it and demand will go up for Indicoin.
ANN announcement link:-
https://bitcointalksearch.org/topic/ann-presale-indicoin-blockchain-redefining-social-service-2142084website:-
indicoin.org.injoin telegram to get updates:-
t.me/indicoin