IOTW – an ecosystem for the Internet of Things

Many people have probably heard the word IoT or Internet of Things. But let me sum up. IoT is a connection of any automatic device (except computers and smartphones) to the internet. The devices such as some cars, kitchen household equipment, industrial equipment and household appliances can be monitored and controlled distantly, they can store and exchange the information received from build-in services. It is clear this field together with smart home technology will develop more and more day by day. Here is a project of a decentralized platform that will let us purchase IOT, obtain after-sale service and meet the other needs relating to IoT.

What is IOTW?

IOTW is not a simple network regarding IoT, this is a project of blockchain technology incorporation into IoT devices. The ecosystem of IOTW will include mining by IoTs and transactions of IOTW coins. The mining will be based on the Proof of Assignment protocol which needs less processing power. Open software development kit (SDK) of blockchain will let any smart device connected to internet load the application and join IOTW and perform micro-mining. Invented DPS (digital power systems) chips are cheaper, more efficient and programmable, they will allow converting household appliances and industrial equipment into IoT devices and improve the traditional power system.

The Ecosystem of IOTW

IOTW will include blockchain ledger and trusted nodes that will record and manage the information from IoT devices, the online marketplace, data analysis, machine to machine matching and Artificial Intelligence.

IOTW coins use:

  • Payment for services of service providers at IOTW platform (the maintenance etc)
  • Payment for goods (at online direct e-market and outlet mall of IoT, spare details, disposable parts etc)
  • Payment for big data collected through blockchain network (collective customer behaviour etc. and NOT personal data)
  • Rewards for micro-mining by IoT devices

IOTW tokens Distribution Details

⇨ Ticker symbol: IOTW
⇨ Total supply: 5,000,000,000 IOTW
⇨ Hard Cap $45,000,000 or 100,000 ETH
⇨ Token Price 1 ETH = 5,000 IOTW
⇨ Presale Bonus: 30-25% depending on the day of sale
⇨ Public Sale Bonus: 20-0% depending on the day of sale
⇨ Restricted area: USA, Canada, China
Note: Unsold tokens will be burned
For more information, please visit links below :
WEBSITE · WHITEPAPER · TELEGRAM · ANN
Prepared by Stavri (Bitcointalk Profile) :
https://bitcointalk.org/index.php?action=profile;u=955201
ETH Wallet: 0xf263f99B27E37e97720b9DdaF525B565E18A89c2

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