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iLINK (CBC) ICO Review

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iLINK is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameiLINK
Token SymbolCBC
WhitepaperView Whitepaper
Website LinkHome
Price1 CBC = 0.05 USD
PlatformEthereum/NEO
Soft Cap15,000,000 USD
Hard Cap50,000,000 USD

More about iLINK (CBC) ICO:

iLINK is the first location-based social commerce platform powered by the Ethereum and NEO blockchain and has 3-core functions. 1) Geosocial community networks 2) Hyperlocal business and service portal 3) E-commerce marketplace iLINK ecosystem presents a new form of socio-economic relations, brings local users, communities, businesses, and organisations together, facilitates P2P, B2B and B2C interactions in local communities. It is a latest technological innovation that utilises geosocial networking to bridge communities and to promote local businesses and organisations to communicate and interact with its members. By redistributing the financial benefits derived from co-creation, each user is acknowledged and rewarded for their contributions to the community, feels part of something greater, becomes invested in the social infrastructure, and is motivated to do more; which grows the community and enables everyone to rise together.

iLINK  the first community based token economy dual blockchain powered location-based social commerce ecosystem with three core functions.

  • Geosocial community network
  • Hyperlocal business and service portal
  • E-commerce marketplace

The uniqueness in iLINK is in its Value Co-Creation model powered by blockchain to drive a sustainable Token economy within the iLINK ecosystem. 

Users earn  Community Based Creation(CBC) Tokens through an E-Commerce affiliation system, micro-donations, viewing ADs or completing brand surveys. They can then use CBC Tokens to buy items from the P2P market or the integrate E-Commerce B2C store.

Brands and business, buy Community Based Creation(CBC) Tokens using ETH/NEO/FIAT or make CBC Tokens though selling items on their E-Commerce stores, they then reward users with CBC Tokens who viewed their ADs or as commission for the sales in their E-Commerce store generate thru the users’ affiliate network.

CBC tokens are ERC20 and NEP5 tokens distributed on the Ethereum and NEO blockchain pursuant to a related ERC20/NEP5 smart contract. There will be a total supply of 1 billion tokens on each blockchain, 59% of which will be issued during the token launch event. The public crowdsale scheduled for Q4 2018 and is divided into 4 tiers. Starting from a15% token bonus for the first tier.

The Community

Based Creation TokenFollowing a successful 8-month open-beta testof the iLINK APPinSingapore, iLINK is now introducinga unique utility token that will allow all community users to enjoy the geosocial hyperlocal ecosystem.The Community Based Creation Token (CBC) is an ERC20/NEP5 standard token released on the Ethereum/NEO public blockchain and will act as the only accepted medium of exchange within the iLINK ecosystem.Further, we will leverage on the dual blockchain technology to increase overall liquidity and transparency in the ecosystem. CBC will also serve to measure users’ impact and incentivise participation in their community’s value co-creation. Users can accumulate CBC to unlock additional account privileges such as access to communication channels that provide unique experiences with donors, sponsors, brands, merchants, and manufacturers. Compared to the majority of initial coin or token offerings in recent history, iLINK has two distinct advantages that we can capitalise on to accelerate the adoption of the CBC uponits release.1.A ready product; iLINK mobile appis already available on the Apple App Store and Google Play. 2.An activeuser base, as a result of iLINK’s 8-month open-beta test in Singapore.We’ve taken a user-centred, ground-upapproach in our product development to connect users with their local communities, specifically local people, organisations, and businesses. The release of CBC on the Ethereum/NEO blockchain will put us on the path to become a closed-loop, self-sustaining, and self-regulating ecosystem.

What you can do withCBC

CBC will facilitateuser participation and engagement at every level of the iLINK ecosystem by providing users with a unique means to recognise & reward their peers for their contributions, thereby acting as a form of social recognition and financial reward. By using CBC, each token holder becomes a participant in the value co-creation process. At the individual level, CBC givesutilityto users through its function as iLINK’s medium of exchange for P2P transactionsconducted in the MarketPlace, MealShare, RideShare, and Local Eventsfeatures, as well as for paymentsto local businesses and e-commerce vendors on iLINK. We anticipate that opportunities for user participation will continue to grow as the public buy-in, our user base increases, and as technology continues to develop such that a trustless network that balances transparency and privacycan be fully realised.For now, the benefits of acquiringCBC include:

-Discounts –Exclusive discounts for CBC holders.

-In-App Purchases –CBC can be used to purchase merchandise, services, and experiences through iLINK’s BUZZ, E-malland Curated List

-Advertising & Promotion –CBC can be used as paymentsfor sponsored advertisements, events, content for advertising and promotions.

-Micro-donations–CBCcan be used to reward content creators.

How to Earn CBC TokensIn addition to purchasingthrough iLINK’s CBC TGE,users will be able to earn CBC through a variety of reward-basedincentiveprograms designed to enhance user participationand engagement with the platform.

-Inviting new users to sign up on the iLINK platform

-Inviting users to join different communities on the iLINK platform

-Participating in sponsored survey and quizmaterials

-Participating inthe ad sharing programby viewing or clickingad banners

-Recommending E-mall merchandise for their respective community’s Curated List

-Participating in iLINK’s affiliation program-P2Pdonationsfor UGC

Public Token Generation Event (TGE)

iLINK is complying with all regulatory requirements for its business. Ownership of CBC carry no rights, express or implied, other than the right to use CBCto access certain features or services that appear the platform, the availability of such features and services are subject to the sole discretion of iLINK. In particular, you understand and accept that CBC do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to received future revenue shares, intellectual property rights or any other form of participation in or relating to the Platform, and/or Company and its corporate affiliates, other than rights relating to the receipt of Services and use of the Platform.CBC is not intended to be a digital currency, security, commodity or any other kind of financial instrument. The total supply of CBC is fixedat 2,000,000,000 tokens. Among which, 1,000,000,000 CBC or 50% of total supply will be on the NEP5 NEO blockchain, and 1,000,000,000 CBC or 50% of total supply will be on the ERC20 Ethereum blockchain.iLINK will conduct a public CBC Token Generation Event (TGE) that will offer 1,120,000,000 CBC for sale to the public. The proceeds from the TGE will be usedfor marketing, development, legal and compliance licenses, and a portion will be heldin reserve to ensure liquidity between the CBC-NEO and CBC-ETH tokens. The CBC TGE and the corresponding process of token generation will be handledby smart contractsbasedon the Ethereum/NEO blockchain. The funds must be sentafter the beginning of the TGE schedule as follows. During the TGE, CBC will be available for purchase for a fixed price listed below.

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