We have seen the rise of so many technologies over the last 5 or 10 years, but one that has had the most impact and outreach is undoubtedly the internet. With the rise in popularity of mobile applications, the internet has gained equal popularity and growth. Internet users have grown by 82%, or almost 1.7 billion people, since January 2012. That translates to almost 1 million new users each day, or more than 10 new users every second; the impact has been so deep, that some countries have even made it a right. Despite the explosive growth, there still exist issues like limits on data usage by service providers, usage restrictions and high fees charged by internet providers.Wi-Fi or WiFi is a technology for wireless local area networking or simply put, using the internet without the use of wires. This has also seen growth but its growth has largely been hindered in the public domain because of malicious hotspots and open access points which can be exploited to eavesdrop on your unencrypted traffic. Many local providers overlook such issues of seamless and safe connectivity.
IUNGO is wireless network access that is bringing together a community where everybody can accept obligations and advantage from running parts of the administration conveyance framework. Individuals can contribute by introducing Public Wi-Fi access points on their premises and additionally running parts of the administration foundation. Their system will depend on the current physical Internet framework to convey end-client activity and will form an overlay network with unified end-user identification.
**IUNGO NETWORK**
IUNGO will utilize the Ethereum system to construct a transparent accounting and payment infrastructure. Their mobile application will empower low granularity benefit utilization accounting and pay for administrations rendered. Moreover to the product arrangement, equipment will be offered as a choice, with pre-setup switches accessible for those looking for a shopper benevolent fitting and play involvement. Not staying within confines of just technical research and development, IUNGO will also work towards global recognition of its brand.
The best feature of IUNGO is its token-based economy working on the idea of incentives. All participants that provide internet access, be it places with high traffic of smartphone users, or remote places in still developing parts of the world, will be incentivized.
**BENEFITS**
IUNGO network gives anyone who is part of the global IUNGO network to become a data provider, as well as a user. IUNGO ensures simple and secure internet access worldwide without the need to fill up any wifi forms or creation of passwords and no roaming services. It benefits both users and providers in many different ways:
- If you're a user, IUNGO provides you with an instant, secure, affordable and transparent internet anywhere in the world. This will greatly benefit people who are always on the move and people from countries that don't have solid internet network.
- Your usage will be preference based, which means you can be heavy YouTube user or a hardcore gamer, you will be able to access the internet according to you preferences like price, speed and quality.
- You also have the option to become a wireless internet service provider. You will be incentivized for your services. This becomes an additional source of income.
- It is a boon for small and medium-sized businesses like cafes and restaurants that need current wifi experience and monetization models are below standards.
**ICO**
Token symbol is ING and 1000 ING = 1 ETH or 1 ING = 0.001 ETH. The token sale started on 7 December 2017 and will go on until 31 January 2018. The soft cap was set at 8 million INGs sold which has already been achieved. A total of 100 million INGs will be created, out of which 64 million INGs will be available during the token sale, which is also the hard cap. Tokens that are not sold during the Crowdsale rounds will be automatically transferred to the further financing rounds by the smart contract and will burn at the end of token sale.
Shortly after the ICO, IUNGO tokens will be available on major exchanges and will be used for payments for the wireless network. Usage of IUNGO services increases ING token usage, therefore, value should increase with the growth and adoption of the network.
**REVIEW**
To say in layman terms, IUNGO is like Airbnb for internet users. You let others use your service in return for incentives. IUNGO also has its own mobile and cloud wallet which will be used for all the transactions on the IUNGO network. This gives it an edge over currently existing internet providers like Boingo and Fon Network. IUNGO is really working towards universal and affordable internet and make it a human right. They have a very experienced team and a lot of investors have shown faith in them. I suggest you wait for some more time before investing in it.
**Useful links:**
**Website:** [https://iungo.network/**](https://iungo.network/)
**Whitepaper:** [https://iungo.network/docs/iungo-network-whitepaper.pdf**](https://iungo.network/docs/iungo-network-whitepaper.pdf)
**Bitcointalk ANN Thread:** [**https://bitcointalk.org/index.php?topic=2196784.0**](https://bitcointalk.org/index.php?topic=2196784.0)
**Authored By:** Etheran
**Btalk profile:** [https://bitcointalk.org/index.php?action=profile;u=1108165](https://bitcointalk.org/index.php?action=profile;u=1108165)
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