1. Internet Money is a cryptocurrency that runs on the Binance Smart Chain (BSC), which is an Ethereum Virtual Machine (EVM) compatible blockchain network. This allows for fast and low-cost transactions, making it attractive to users looking for a more affordable alternative to Ethereum.
- The token symbol for Internet Money is IM. It is designed to serve as a utility token within the Internet Money ecosystem, which aims to create a decentralized platform for content creators and consumers to monetize their work. This includes streaming, gaming, and other digital media formats.
Internet Money was launched in March 2021 by a group of developers and entrepreneurs with a background in the blockchain industry. The project aims to address some of the challenges faced by content creators in the current centralized digital economy, such as high fees and limited access to monetization opportunities.
The Internet Money ecosystem includes several decentralized applications (dApps) that are built on top of the BSC network. These dApps enable users to stream content, play games, and participate in various reward programs using IM tokens. Some popular dApps within the Internet Money ecosystem include Streama and Play2Earn.
The total supply of Internet Money is capped at 100 million tokens. Approximately 40% of these tokens were initially distributed to early investors and supporters of the project, while the remaining 60% are being gradually released through various reward programs and staking mechanisms within the ecosystem.
Overall, Internet Money is a promising cryptocurrency that aims to revolutionize the way content creators and consumers interact with digital media by leveraging blockchain technology and the Binance Smart Chain network. With its low transaction fees and growing ecosystem of dApps, it has the potential to become a major player in the decentralized finance (DeFi) space.
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