Internet Money (IM), an Ethereum based cryptocurrency, is envisioned to function as a reimagined form of "digital cash". The concept is straightforward and distinctly user-centric: you can purchase, sell, transfer and even burn IM tokens. A distinguishing feature of Internet Money is its intentional absence of admin keys, taxes, reflections and its deflationary nature. Cryptocurrency, in its essence, was designed to provide a decentralized method for monetary transactions. Internet Money embodies this principle in its entirety, continually working towards decentralizing every aspect of its ecosystem.
Decentralization: The Core Principle
Drawing from the fundamental ethos of cryptocurrencies, Internet Money staunchly promotes decentralization. This means, there are no central entities or controlling forces that dictate the dynamics of this digital cash system. It's a socio-economic system where the power truly resides with the people. This decentralization aligns Internet Money with the core philosophy of cryptocurrencies, and is pivotal in reinforcing trust and transparency within the community.
Features of Internet Money
No Admin Keys
True to its commitment to decentralization, Internet Money does not have any admin keys. This eliminates any possibilities of a single point of control, thereby fostering a truly decentralized ecosystem where users have complete control over their assets.
No Taxes, No Reflections
Internet Money has chosen to adopt a no-tax policy. Furthermore, it has no reflections mechanism. These features eliminate extraneous complexities and ensure a smooth, user-friendly experience for all members of the community.
Deflationary Nature
Internet Money has a deflationary model, which means the supply of IM decreases over time. This model has the potential to appreciate the value of IM over time, making it a potentially powerful tool for wealth generation.
Buy, Sell, Send, and Burn
Internet Money offers a simple, user-friendly platform where users can buy, sell or send IM. Moreover, users can choose to reduce the total supply by burning their tokens, reinforcing Internet Money's deflationary nature and potentially driving up the value of remaining IM tokens.
Conclusion
Internet Money brings the initial vision of cryptocurrency to life in its truest form, offering a decentralized, people-powered platform to interact with money.
Internet Money (ETH) social statistic
7,394
Twitter followers
5,541
Telegram members
0
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