The DIW project, is a revolutionary decentralized identification infrastructure which enables registered account holders, individuals or organisations, to securely create their online identification profile, that provides the capability to store, access and exchange, sensitive encrypted data.
DIW plans to bridge and solve all aforementioned issues with the introduction of its global, blockchainbased, decentralized network, complete with its own ecosystem and currency. DIW holders will be able to access the network anonymously, gaining access to a Secure Vault, where holders will be able to securely store their entire ‘Virtual Life’ including sensitive documents such as passports, contracts, electronic health records and login details. The DIW Token will be used and accepted throughout the network for transactions between its members, enabling higher security.
Plusses of DIW tokens
The DIW Token, an ERC-20, Ethereum based utility token, will be introduced to be the preferred method of payment within the entire DIW network. Holders will be able to utilise the token for all of their daily activities and transactions as well as whilst exchanging services and products.
DIW Global Directory
The DIW platform will feature a rating system for all DIW holders utilizing a complex algorithm that will assess the account holder’s data quality, history of transactions, comments and review depth, increasing trust between parties. The more KYC / KYS related data will be shared between DIW community members, the more the sharing account holder’s global directory rating will be enhanced. The level of increase of the sharing account holder’s rating score, will depend on the recipient account’s score. Thus, sharing and having confirmed KYC / KYS related data by high profile DIW account holders will have the biggest impact to their global directory rating score.
Terms of Token Creation and Distribution
Out of the one billion pre-mined tokens issued, 700 000 000 (70% of the DIW tokens) will be made available during crowdsale. All unsold tokens will be burned at the end of crowdsale. The DIW token will also support the DIW ecosystem – as per our proposal – since it will be used for transactions within it further boosting its value.
70% – ICO
15% – Founders Tokens (12 months vesting/2 months cliff)
5% – Advisors & Partners (12 months vesting/2 months cliff)
2% – Bounty
8% – Future Partners
For the ICO, the aim is to gather from contributing participants the equivalent of 28 million USD in Ethereum. The ICO will be terminated once the hardcap target has been achieved. This will be affected by the price fluctuation of Bitcoin and Ethereum.
All unsold tokens will be burned at the end of the ICO. Additionally, the percentage burned will also be matched across other allocations mentioned above, to avoid inflation.