IOU TOKENS

So, you want to participate in a crowd sale and get your hands on some lucrative IOU TOKENS? Follow this easy step by step guide that will help you create your ERC20 token compliant wallet.

MyEtherWallet is a quick and easy way to setup a free wallet.

Let’s start:

Go to www.myetherwallet.com (Please make sure you are logging into the correct site: look for the lock picture and the [US]).

 

First, you will see a pop up introduction about MyEtherWallet — give it a quick read and click next until you’ve reached the end.

On the following screen, you will see a page that has NEW WALLET in the top left corner.

Choose a strong password, something that you don’t use for any of your other accounts, the password should contain at least 20 characters to be safe.

 

 

Then click “CREATE NEW WALLET” to confirm.

Next, you will receive your Keystore File (this file encrypts (protects) your private key). Take a minute to download the Keystore File. Please remember to not share this document with anyone, store it somewhere safe and make a backup, preferably not on the same computer.

 

 

The name of the file will be a long string of numbers and letters starting with UTC and then the date which you created your wallet. After saving the Key store file click on the “I UNDERSTAND, CONTINUE” button to continue.

The following page will display your Private Key information. The Private Key can unlock your wallet if you forget your password. So it’s very important to keep this private key safe.

 

 

If you lose access to your private key, you will lose access to your account and your tokens. So please, I can’t stress this enough. Keep it safe. You should save your private key to a safe location, preferably not on any device that is connected to the internet.

To access your wallet or to do any transactions on MyEtherWallet you will need the first file you downloaded. The Keystore file that starts with UTC and your password to unlock your wallet.

 

 

On the following screen, select VIEW WALLET INFO from the top menu

 

 

Select Keystore / JSON File

 

 

Click SELECT WALLET FILE (here, you will go and look for the Keystore File that starts with UTC that you saved on your computer or external drive)

And then type in your password and click UNLOCK.

I do not recommend logging into MyEtherWallet using your private key. If anyone is able to get access to your computer and see your private key or have access to your keystore file then they can easily access your wallet. There have recently been many reports of wallets of MyEtherWallet getting hacked. I highly recommend that you buy a hardware wallet such as Trezor (https://trezor.io/) or Nano Ledger (https://www.ledgerwallet.com/) and access your ether wallet this way.

 

IOUX TOKENS UTILIZATION - Token Sale and ICO Details

Merchants must pay 5% Gas fee in IOUX Tokens for every IOU offer issued for Consumers (in addition to the 5% Fee on any purchases made by other crypto currency, while purchases made by IOUX Tokens would be exempt). In exchange, to provide incentives for the IOUX Token holders every IOUX Token transaction would be granted additional 5% Discount to the Consumers. Additional 20 Loyalty Tokens would be given equally each time to both Merchants and Consumers after accumulating transactions of 1000 Tokens.

Merchant would also have an option to Guarantee the Service and issue refunds of payments if product or service offered by their IOU offers was not satisfactory. Thus additional IOUX Tokens would be escrowed until the completion of the term of the IOU Offer. During issuance of IOU offers, Merchants must agree to the Token Discount, Service Guarantee and Gas Fee Terms. This structure would ensure high utilization and demand of the IOUX Tokens.

IOUX TOKEN STRUCTURE

200,000,000 IOUX TOKENS

1 IOUX = $0.28

PRE-ICO 10,000,00040% + VOLUME BONUS

ICO 100,000,000

TOKENS SOLD BONUS,

TIME OF CROWD SALE BONUS,

VOLUME BONUS

Allocated for ICO and Private Sale. Company will burn unsold tokens and use 20% of e-commerce transaction fees on buy-back program to quarterly acquire IOUX tokens from listed exchanges and burn those re-purchased tokens.

 

For more information, please visit:

Website: https://iou.io/

Whitepaper: https://iou.io/assets/pdf/whitepaper.pdf

ANN Tread: https://bitcointalk.org/index.php?topic=4845370

Bounty Tread: https://bitcointalk.org/index.php?topic=5001075.0

Telegram: http://t.me/IOUCommunity

Facebook: https://www.facebook.com/iouico/

Twitter: https://twitter.com/iouico

Medium: https://medium.com/@realIOU

Reddit: https://old.reddit.com/r/iouplatform/

Github: https://github.com/iouico/IOU

Bitcointalk username:Samuel321

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101

DISCLAIMER:This post was brought to you by Opeyemi being my personal project on IOU campaign project