IAME is a specially designed system for servicing a fragmented identification process based on the IAM cryptographic token. The functionality of the IAME Identity Network will mainly serve as a P2P blocking transaction, but its application can be expanded for trade transactions and financial institutions when providing associated services.


ICO

The purpose of IAME Coins Early Bidding is to raise funds for the development and commercialization of the IAME Identification Network. ICO will be slim and will only involve two cryptographic assets, Ethereum and IAM Token.

THE IAM TOKEN 

To operate the IAME Identification Network, a functional token will be issued, known as the IAM Token, which would operate as a validation token to initiate confirmation requests for validation packets on the IAME Identification Network. Parties would spend the token through the IAME Identification Network client and after deduction of equivalent blockchain hashing costs, the balance of IAM token would be paid out as reward to third-party validators who operate the validation processes on a for-profit basis.
This would attribute not a store of value to the token but a market value based on natural demand and supply for identification processes. The value of the IAM Token would be, in essence, determined by 2 factors:
1. The cost of validation, which would be proportional to the financial cost of hashing the requested amount of data on the designated blockchain, setting a price floor for the token
2. Market demand, which would be proportional to the demand for blockchain identification based on the IAME Identification Network.
Because of the the ephemeral aspect of data validation in the field of identification, market demand would remain recurring and would only increase with an increased adoption of the IAME Identification Network.

Using the proposed IAME Identification Network laid out in this blog, we seek to resolve the problem parties face in blockchain transactions by having to identify themselves with a multitude of counterparties, while both preserving the anonymity of the transacting party, and satisfying the need for counterparties to conduct a certain level due diligence on clients.

There is both a practical imperative and commercial need for a non-invasive identification system for decentralised blockchain technology and we believe that the IAME Identification Network will be the bridge that will link blockchain technology to the regulated world.



ROADMAP

TEAM

Website: https://iame.io/

Whitepaper: https://iame.io/res/180301-IAME-White-Paper-en.pdf

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Twitter: https://twitter.com/@iameidentity

Telegram: https://t.me/IAME_identity

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