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Topic: IOB: Frequently Asked Questions — FAQ (Read 215 times)

newbie
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Thanks for the post. I got to learn about FAQ more through this. Besides, the projects seems to be great!      
jr. member
Activity: 31
Merit: 1
Thanks for the post. I got to learn about FAQ more through this. Besides, the projects seems to be great!      



Thank you very much for your attention. Any suggestions, comments, ideas, please feel free to let us know.
jr. member
Activity: 31
Merit: 1
Thank you for the article. Very good project I think it will be a successful one. Moreover the team is full of potential.

Thank you very much for your attention. Any suggestions, comments, ideas, please feel free to let us know.
jr. member
Activity: 31
Merit: 1
Great information for the investors. If they know this information then it will help them to take correct decision. So i suggest all the investors to know this information. So many questions are available here.

Thank you very much for your attention. Any suggestions, comments, ideas, please feel free to let us know.
jr. member
Activity: 31
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Wow . That was a very useful information. Thanks for sharing it. It will all of us to understand those things very precisely. Many many thanks to you.

Thank you very much for your attention. Any suggestions, comments, ideas, please feel free to let us know.
jr. member
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The IOB actually is the currently active investment holding company from the United States.


Thank you very much for your attention. Any suggestions, comments, ideas, please feel free to let us know.
newbie
Activity: 224
Merit: 0
Thank you for the article. Very good project I think it will be a successful one. Moreover the team is full of potential.
newbie
Activity: 112
Merit: 0
Great information for the investors. If they know this information then it will help them to take correct decision. So i suggest all the investors to know this information. So many questions are available here.
newbie
Activity: 224
Merit: 0
The IOB actually is the currently active investment holding company from the United States.
jr. member
Activity: 31
Merit: 1
10.Competitions (to be added)
newbie
Activity: 182
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I've recently heard about IOB. It is good to know that they are working hard to overcome problems. I hope that it flourishes more in future.
jr. member
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10.Competitions (to be added)
newbie
Activity: 196
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This post has been helpful to the members here. There are some great projects out there with great potential, but gets overshadowed by the more overly hyped ones. This has actually helped to pin point the ones which has potential and at the same time find the underrated ones as well.
jr. member
Activity: 31
Merit: 1
8. Long-term Plans (to be added)

























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jr. member
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7. The IOB Token

What is the IOB token?
IOB Token is a security, or asset, token. While not the equity of the company, its’ investors are entitled to receive certain profit distribution in the form of a dividend and to have rights to certain other privileges the company offers.

What is it used for?
IOB Token is ever evolving. It will fulfill several functions during different phases of our business development. It is:

  • a tokenized investment capital
  • a reward mechanism on the Social Investment Platform (SIP)
  • a reserve requirement and trading discount using IOB tokens on the International Regulated Exchange Network (IREN) and
  • the “gas” or “power” for the ONE Finance Network (the IOB Mesh).

Although IOB Token functions as a utility on our SIP, IREN and Mesh, we still consider it an asset from our investors’ point of view and will manage it in the regulated manner.

Once the ONE Finance Network goes live, IOB Token will effectively be transformed from a security token into a cryptocurrency.

Why is IOB a Security Token instead of a Utility Token?
All token with a fundraising activity and expectations of a profit by its investor should be classified as securities. Therefore, it is in fact a security token.

Securities laws have been developed and continuously refined for decades. Security tokens would inherit a wealth of legal precedents that would illuminate tokenholders’ rights, protections and expectations. Additionally, they would clarify duties and obligations of the issuer.

The IOB’s Smart VC™ is an improved model over existing VCs that brings profitability to individual and institutional investors.

We acknowledge that IOB token is a security, and we acknowledge it as an investment. We therefore provide tokenholders with benefit of dividend and other rights. IOB security token still features significant “utility” attributes; it will still be used in native transactions on our Social Investment Platform (SIP), International Regulated Exchange Network (IREN) and The ONE Finance Network (the IOB Mesh, 1fin.network).

Moreover, the recognition of such a security token compels us to be transparent with our tokenholders, and to be held with the same disclosure and governance standards and requirements as a listed public company such as AAPL and AMZN.

Which wallet is used for IOB Token?
At present, IOB Token is using ERC20 standard. It could be stored in any ERC20 wallet, such as IMToken, MyEtherWallet and major brand-name hardware wallets. It may be swapped to Universa mainnet and our own IOB MESH network in the future. We also consider cross-chain compatibility.

Does IOB make dividend distribution every few months?
Unlike bonds with a fixed interest payment schedule, our dividend distribution are not set at a predetermined schedule. However, we are committed to distributing 100% of the net profit generated from our investments and operations. Also unlike most VC funds that usually take 3–6 years to see first profitable exit, our blockchain-related investments might have the potential to shorten the profitability cycle from several years to several months.

As we make more (good) investments and expand more profitable operations, our net profitability may be more and more predictable. We can therefore be able to make more frequent profit distributions with better guidance.

When will IOB be listed on exchanges?
At this time, there is not a single exchange in the world that can legitimately list or trade security tokens. We are in touch with several trading system builders who are applying for official trading authorization with SEC or the European financial authority. Moreover, we are very encouraged that several foreign stock exchanges are now actively conducting token transactions in Gibraltar, Germany, Stuttgart, Canada and France. Even Nasdaq made a statement to do so in the near future. We expect to be listed in Q3.

How can I open a trading account when IOB Token is listed?
The exchanges set their own KYC and trading account requirements. The IOB will be listed on multiple exchanges and you need to contact each exchange to set up a new account.

Can I use fiat currencies to trade IOB tokens on the exchanges?
Many “exchanges” today cannot accept fiat trading, because they are unlicensed and are not qualified to handle money, or do not have a broker-dealer or authorized forex dealer licenses. We expect the security token trading platforms/exchanges are to be fully licensed and will be able to handle fiat currency trading. Some of the exchanges under discussion with IOB can even support fiat trading with foreign investor accounts.

Do you have a whitepaper?
We upgraded our original Whitepaper to a long-form Offering Memorandum in October, 2017. Currently, it is currently being reviewed by lawyers in the US and Germany. We will re-publish it once the lawyers give us the green light.

Where do I fill out the KYC forms?
We have closed our in-house KYC processing at the end of our pre-sale last year. As we are filing for the official approval of our public ICOs, we have hired third-party compliance firms to process any future KYC applications. Stay tuned.

Can I still buy IOB Tokens?
Yes. We are currently planning the first round of public offerings in the US and Germany to institutional investors, and general investors once the prospectus filings are approved subsequently.

How many tokens will be issued overall?
The total supply of IOB tokens is 1,000,000,000. Similar to the Total Authorized Shares in the listed companies, it does not mean that the “hard cap” is 1,000,000,000 as it is almost impossible to issue this many tokens in 10 years. The amount and each “hard cap” during each phase to be raised depends on the demand for the investment projects and our business needs at that time. So far IOB has issued approximately 14 million IOB Tokens. The most recent (June 2018) ICO plan is issuing 10 million with an estimated circulation of 20–30 million in 2018.

How many ICOs will there be?
5–7 in the next 3–4 years, depending on when and how much we need for investments, and how many good projects we have access to. We do not want to hoard money, and this is why we abolish the ‘Annual Management Fee.’

So many more times! How will IOB protect earlier investors like me?
When more IOB Tokens are being issued, you are not simply being diluted. We call each of our offerings an Interactive Crypto Offering. We will consider the value of such a new offering and what kind of additional returns it will bring to our business, the new created value for the existing tokenholders, the current trading price, and many other factors to make sure that each new offering is not a dilutive action.

With each new offering, we want to create more value for you.

Can Chinese investors participate in the ICOs?
No. According to the Chinese regulations, Chinese investors are not allowed to participate in any ICOs at this time.


IOB.VC | IOB.FUND | MEDIUM | TWITTER | YOUTUBE | LINKEDIN | GITHUB  
hero member
Activity: 896
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Number one underrated project. Great team.
jr. member
Activity: 31
Merit: 1
6. IOB Technologies

Is IOB a tech company?
Absolutely!

IOB is a high-tech, blockchain-based financial company setting out to change both the technology and the financial world.

We develop technology in both software with various applications and trading hardware optimization with our own intellectual properties (IPs).

What proprietary technology does IOB own?
We are partnering with Universa Blockchain to develop our multi-chain framework.

Blockchain Platform (Open Source):

  • Social Investment Platform (SIP): Blockchain based social investment network featuring content authoring, commenting, voting and its own wallet;
  • Proprietary RS ranking system;
  • Proprietary incentivization system;
  • Proprietary AI-based Crowd Wisdom Bots (CWBs);
  • Investment Company Governance (ICG);
  • Dividend Distribution Ledger (DDL).

Investing (Proprietary):

  • Startup Scoring System (SSS);
  • IOB Open Accelerator Program Manager.

Trading (Proprietary):

  • Proprietary Charting Systems;
  • Trading Strategies;
  • Decision Engines;
  • Order Flow Manager;
  • Risk Manager;
  • Position Manager;
  • Compliance Manager;
  • Sentiment Indicators;
  • Nano-second Real-time Data Feed Processor;
  • Trading Hardware Development;
  • IOB Social Trading Platform (STP).

IREN (Open Source):

  • Trade Inflow Execution Manager;
  • Compliance Auditor;
  • Network API.

IOB Mesh (Open Source):

  • Mesh framework (A Next-generation Blockchain Finance Network);
  • Node Permissionor™;
  • Transaction Settlement;
  • Transaction Custodian;
  • Power-up Smart Contract Generator;
  • Multi-jurisdiction Compliance Auditor;
  • Mesh Wallet.

Are you building an exchange for hardcore traders?
You bet! We are planning a decentralized trading platform with preset trading strategies, and build-your-own trading strategies that will give an experienced trader a platform to easily build trading strategies without a single line of code. In addition, traders can mirror the trades from selected peers.

Sounds fantastic, but will it be too expensive to me as a trader?
No. We will not charge a commission, nor a transaction fee. It is free, even if you go short by borrowing from peers.

It is an entirely new exchange and trading business model.
jr. member
Activity: 31
Merit: 1
5. IOB Smart Exchange (SmX)
What is the IOB Smart Exchange (SmX)?
Focused on social, decentralization, and distributed crowd wisdom trading, the Smart Exchange is a P2P trading platform for professional, experienced and high volume traders. IOB SmX has high frequency Arbitraging and position trading strategies built in for qualified institutional traders. Traders can also develop and share their own trading strategies on SmX.

Aside from its initial KYC/AML processing, traders are required to hold certain amount of IOB token to be qualified.

What are the differences between SmX and other exchanges?
Currently, all P2P exchanges are not at all in demand with professional traders, who need fast transactions to make timely deals. In their current state, these exchanges generally lack of robust features and functionalities that are required by sophisticated professional traders. As of now, they are only useful to people interested in the specific advantages they offer — the increased resilience, privacy, security and freedom of payments.

IOB SmX aims to offer:

  • Institutional infrastructure;
  • KYC/AML to be qualified as a trader;
  • SmX Reputation Scores;
  • HFT trading strategies;
  • It is non-profit!

Are you building an exchange for hardcore traders?
You bet! We are planning a decentralized trading platform with preset trading strategies, and build-your-own trading strategies that will give an experienced trader a platform to easily build trading strategies without a single line of code. In addition, traders can mirror the trades from selected peers.

How does the SmX work?
All long and short trades are matched through our P2P Trader Discovery & Match Protocol. IOB SmX does not hold traders’ funds. All trades except ‘Open Short” type are executed among the traders directly with each other without any trusted third party to process all trades. Instead of matching orders in the order book, SmX matches the people behind those orders. That is, whenever a matching buy and sell order is found, the SmX software does not immediately process the trade, but instead, it connects the buyer with the seller, allowing them to conduct the deal based on preset or their new HFT strategies without any intermediaries.

For Open Short trades, a portion of the trader’s IOB Reserve Requirement is temporarily locked by a smart contract automatically as a collateral for the Asset Loans through the hash time-locked contracts and will be released immediately when the short position is closed. A trust is removed during every trade, except that every trader must pass the initial due KYC/AML due diligence process and meet our minimum reserve requirement.

Trades use a single hash in a checklocktimeverify account which is shared between two parties. Two transactions on each chain take place using asynchronous timelocks. This allows both parties to trade securely and safely directly with each other (p2p) without funds ever being deposited anywhere else. It is the only truly decentralized exchange method. Front running is also eliminated as all orders are stored off chain on the Service Nodes. You can read more about nodes below. It offers a high resistance to transaction censorship with professional trading strategies. It is cheap, private and secure to use.

If it is non-profit, how can IOB make money out of SmX?
IOB does not plan to make a profit on SmX. Each trade that is filled incurs a tiny trading fee that is then automatically exchanged for IOB at the moment a trade takes place. 100% of this fee is then distributed to the Staking Nodes (for processing transactions) and Service Nodes (for supporting anti-spam and anti-DOS measures). All trades are swaps that take place via the SmX protocol.

It gives the professional traders the peace of mind that there is no front-running and manipulation on SmX.

Sounds fantastic, but will it be too expensive for me as a trader?
No. We will not charge commission, nor a transaction fee. The small transaction fee is not centralized but instead distributed to those helping support the services (Staking and Service Node operators) around the world.

It is an entirely new exchange and trading business model.
jr. member
Activity: 31
Merit: 1
4. Smart Trading™

What is the IOB Smart Trading System (STS)?
The STS is an integral part of IOB business strategy and tech platform. We are using our algorithmic trading strategies to better manage our own funds to take advantages of the highly volatile crypto markets, and to hedge our holdings with both long and short positions.

IOB plans to manage an algo fund for its clients in addition to its own money next year based on IOB trading algorithm strategies on a series of smart contract.

What trading system have you bought for your Smart Trading System?
IOB does not use any packaged commercial trading systems. With its top management coming with years of high frequency trading (HFT) and quantitative trading totaling billions of dollars in stocks, commodity futures and index futures around the world, IOB develops its own proprietary trading systems consisting of Decision Engines, Order Flow Management, Risk Control and certain proprietary hardware.

What does the STS trade?
IOB plans to trade the most liquid cryptos (top 3 currently) and their futures contracts for its own funds at this point in time. More markets will be added over time when the exchanges and instruments meet our trading criteria.

Who makes the trading decisions on the STS?
IOB STS is 100% automatic. The decisions are made automatically by our Decision Engines. No human will push a buy or sell button on the STS.

How does the STS make trading decisions?
IOB has developed over 12 trading strategies based on 3 proprietary charting systems, quantitative analyses, Sentiment Indicators that combine the in-house software and hardware systems developed in the past 5 years.

With the recent investment in Fundamental Capital in Germany and Witee in China, the IOB STS expects to develop the first crypto-specific trading strategies on blockchain platform, managed by the traditional quantitative trading with smart contracts.

What is your average holding period?
They vary greatly. And it’s the nature of the high-performance of the algo trading. A trade (both entry and exit) can be completed in a few seconds or a position can be held for weeks, even month.

Does it go both long and short?
Absolutely. Shorts (selling high first and buying back low later) are the most fun (and usually the most profitable on our historical trading results).

Wait a minute! You make your own trading boxes (hardware) too?
Yep.



IOB.VC | IOB.FUND | MEDIUM | TWITTER | YOUTUBE | LINKEDIN | GITHUB  
jr. member
Activity: 31
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3. SIP

IOB has thousands of analysts?
IOB recognizes the power of the crowd wisdom. From its inception, IOB management has been in constant interaction with our community, both online and offline. Thousands of early supporters have helped us in shaping our management decisions, token economics and investments. This has inspired us to build the world’s first Social Investment Platform (SIP).

What is the SIP?
SIP is our Social Investment Platform. IOB is building an online and offline [Suspicious link removed]munity to be with over 100,000 members to organize events and share industry insights and investment opportunities. It is built with our proprietary algorithm on Universa Blockchain technology.

At any given time, each member is assigned a Reputation Score that determines their base value of the IOB token rewards for each original content, comment and upvote or downvote made on the platform.

On the SIP, the members’ contribution helps us make better investment, governance and business decisions.

Can I earn freebies/candies on the SIP?
Yes, by making contributions to the community on the SIP, you can earn IOB tokens that can be worth thousands of dollars in value, based on the quality of your original content, comments, and votes of other people’s content. Each member will have a dynamic Reputation Score (RS) based on our proprietary algorithm. The more you’re involved, the higher RS you have, and the more tokens you can earn.

Who has already earned IOB tokens on the SIP?
The SIP beta will go live at the end of Q3 2018. However, many of our Telegram community members have already been assigned their respective RS with initial credits with values ranging from a few cents to hundreds of dollars in value before being transferred to the SIP.

Are those SIP credits real IOB Tokens?
Yes, and there is no lockup on them.

Is there a cap on how much I can earn?
Currently no. We have not set a cap for the max IOB Tokens one can earn on the SIP at this point in time. We have set aside a total of 5% (50,000,000) of IOB tokens as the SIP rewards.

Sounds good! What’s the catch?
Your time, effort, and a genuine heart to help us succeed. Other than that, none. You need to devote your time to create quality content and be willing to do useful research that will help everyone in the community, especially the management in our day-to-day investment and corporate governance decisions.

Can anyone sign up for the SIP?
Yes.

Is there an annual membership fee?
No.

How many IOB Tokens do I need to hold in order to vote?
No purchase necessary. Anyone on the SIP can vote. However, your RS may or may not be affected by your IOB holdings (IOB tokens purchased) or IOB Power (IOB Tokens earned).

How much does it cost to vote?
Nothing.

Where do I sign up for SIP?
SIP Beta will go live at the end of Q3 2018. Keep an eye on our social media channels and website for updates about SIP and its exact launch date.

Your current active participation on our official Telegram channel will be taken into account and will be transferred to SIP once it goes live.

Join our Telegram channel to participate now.

What is the purpose for IOB to set up a City Partners program in China?
IOB has signed the City Partner Agreement with several local business partners in China. We are expecting to expand this program in Japan, South Korea, and India in the near future.

The main purpose of the City Partners program is to further communicate with IOB community members, investors and our future partners face to face. At the same time, we regularly interact with our international technology and business partners. We hope to cultivate our authorized partners to become our future IOB Mesh nodes (and Super Nodes).


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