What is IMMO?
The majority of cryptocurrencies are not secured by anything, and the concept of their value is based on expectations of their potential. Among other things, in the cryptocurrency market there is no proper regulation and formed legal framework, which is the root cause of fraudulent projects and market manipulation. These and other problems constrain the spread of cryptocurrencies and make it difficult for them to be widely accepted as a convenient means of payment.
To combine both the “normal” economy and the crypto economy, IMMO proposes that it will become a world reserve cryptocurrency. IMMO’s value will be backed by real-world material assets that reflect its fundamental value. This backing is possible thanks to a unique legal structure where ownership of a token guarantees the owner legal rights and gives them the ability to vote concerning the development of the IMMO project. Through a decentralized and open community of crypto experts and Evangelists, IMMO creates a solid Foundation of trust and security for all token holders.
The global mission of IMMO is to make the cryptocurrency market transparent and safe for all its participants and to solve key issues that undermine the trust of people and authorities:
- The uncontrolled issue of cryptocurrencies or tokens, which makes it possible to conduct price manipulation.
- The absence of a fundamental value, which equates the value of the currency or tokens to zero in case of their use outside the Issuer’s system.
- The absence of a legitimate legal structure, which effectively deprives the investor of any real protection in relation to the Issuer.
- Fictitious decentralization, in which the critical mass of tokens is controlled by a small group of individuals.
- The anonymity of the participants of the system, attracting funds, virtually eliminating the prosecution of the perpetrators and making it possible to implement fraudulent schemes.
The solution to these issues will be based on the trust of society and States in regards to blockchain technology and the projects based on it. Such an approach should also ensure the loyalty of banks and other significant participants of the traditional financial system, whose regulatory policy affects the dynamics of the cryptocurrency market and blockchain technology.