Invech - Making Timor Leste the World's First Fully Functioning Blockchain Smart City

Undoubtedly, technology has always played a major role when it comes to the evolution of cities. Right from the very first human settlements to the industrial revolution to today, technological advancements have impacted the houses we use, cities we live in and the environment around us. We have been experiencing global trends that have paved the way for a revolution.

Blockchain technology is a revaluation of today digital world. Blockchain technology created a storm in the today digital world in almost every industry from 2009, when its invented. When it comes to digital ledger system the technology use for the cryptography. The blockchain technology nature has got imaginations of today running wild, because blockchain is encrypted database that is distributed ledger, decentralized and impenetrable. Since its invention, it is using for reshaping the way business is doing in almost every industry ranging from government, finance, healthcare to smart cities.

Invech Group is a company operated by the government of Timor Leste to regulate and blockchain and cryptocurrency business. It is a partnership put together by a large business group and experts from Indonesia, Hong Kong, China, Malaysia and Timor Leste. We aim to develop Timor Leste into cryptocurrency and bring investments into Timor-Leste to revitalise the economy of this new post-war country. Invech Group has been awarded a total of 9 business licenses in Timor Leste. MAKING TIMOR LESTE THE WORLD’S FIRST FULLY FUNCTIONING BLOCKCHAIN SMART CITY, And we believe that Invech Group can strengthen it with a right and reliable framework.

About Invech Group

INVECH Group is a partnership put together by an extensive group of businesses and experts from Malaysia, Hong Kong, China, Indonesia and Timor Leste. We have expertise from raw material mining, logistics, industrial development, renewable energy development, tourism, healthcare, banking and finance, oil and gas, real estate, education and information technology.

Our Vision

Improving lives through blockchain and technology to create a stable and thriving digital economy.

Our Mission

To introduce an alternative currency through the creation of Invech Token.

Bringing in foreign direct investment & decreasing unemployment rate.
Regulating crowdfunding through controlled processes.
To fully tokenize tourism and agriculture in Timor Leste.
Improving human capital and capabilities of the local people of Timor Leste.
To provide advice and consultancy to the government on blockchain and technology related matters.
To provide education and training to improve livelihood.

Timor read

The Democratic Republic of Timor-Leste, or East Timor, is the 1st New Sovereign State of the 21st century since 2002. It is located in Southeast Asia, with a population of around 1.3 million. Sharing borders with Indonesia, the sovereign state comprises the eastern half of the island of Timor and a couple of other nearby islands. The country restored its sovereignty in 2002 after the Indonesian occupation.

Timor Leste’s decades-long independence struggle against Indonesia impaired much of its economic infrastructure, reducing it to Asia’s poorest country.

Issues at Hand

Insufficient human capital
Human capital is the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community: Education is an investment in human capital that pays off in terms of higher productivity. The concept of human capital recognizes that not all labour is equal and that the quality of employees can be improved by investing in them; the education, experience and abilities of employees have economic value for employers and for the economy as a whole.

THE GREATEST BLOCKCHAIN EVENT, WORLD’S FIRST BLOCKCHAIN SMART CITY

The Blockchain Smart City

The Blockchain has become one of the mainstream go to technology when it comes to planning a smart city of the future. It debuted as a digital ledger for store of value back in 2009 with the cryptocurrency Bitcoin. Since then, nothing is stopping the Blockchain revolution!

6 Core Components of the Blockchain Smart City

PLATFORM TOKEN – INVECH TOKEN

IV token is the fundamental token used by Invech in all of its project. As a start it can be used as a platform token for Invech Crypto Currency Exchange, and later be used on all of Invech licensed businesses. 500,000,000 unit of IV tokens have been created on the ERC20 platform, and the amount would never increase nor decreased. IV will run natively on the Ethereum blockchain, ERC20 platform.

These are the list of coins / pairs that will be listed first:

BTC / Bitcoin
ETH / Ethereum
USDT / Tether
IV / Invech Token

More coins / pairs will be added/ listed over time. We generally will only add coins that have strong credibility, user base, and liquidity. We also have plans to support fiat currency, mainly USD, HKD and IDR. To be implemented accordingly later on.

LISTING ON INVECH CRYPTOCURRENCY EXCHANGE

If you have a coin/ token that you wish to be listed on Invech.io later, participating in our IEO (Initial Exchange Offering) will help. At the moment, we encourage ICOs to wants to list with us to reach out to us directly as different ICOs has different needs with different terms. Nevertheless, we will screen through all ICOs thoroughly before listing with us according to our listing SOP. You may also check out our website for our listing criteria once available.

Government Blockchain Services

Our goal in 2019 is to create a separate and secure blockchain under Invech where the Invech Cryptocurrency Exchange will migrate over and at the same time, cater to the government of Timor Leste under Invech’s Government Blockchain Services along with the use of cloud computing, decentralized applications and artificial intelligence.

Invech Consultancy

As a developing nation, there is a need for brain gain or reverse brain drain. Together with the other developments, Invech is creating a consultancy to bring in the brightest minds and global ideas into Timor Leste for growth acceleration, education, training and awareness. The main focus here is to bring in experts to kick start all relevant developments and to educate / train the Timor Leste locals to be more productive, efficient and learned.

Timor Leste - Invech Foundation

The Timor Leste – Invech Foundation will be a platform spearheaded together by both the Timor Leste Government and Invech to promote unity and globalization by working closely together to target psycho-socioeconomic issues troubling the nation.

Connecting Timor Leste to the Belt and Road Initiative

The Chinese government calls the initiative “a bid to enhance regional connectivity and embrace a brighter future”

SECURITY

Building a centralized blockchain for a nation will need a world class security measure. Thus we will be meeting the ISO 27001 security standard. ISO 27001 (formally known as ISO/IEC 27001:2005) is a specification for an information security management system (ISMS). An ISMS is a framework of policies and procedures that includes all legal, physical and technical controls involved in an organization’s information risk management processes. A systematic approach to managing sensitive company information so that it remains secure. It includes people, processes and IT systems by applyinG a risk management process. It can help small, medium and large businesses in any sector keep information assets secure. The ISO 27001 standard will be met across the whole Invech development landscape, including Invech Cryptocurrency Exchange.

Invech takes security seriously. If you are wondering “Is Invech safe?”, the website and exchange is also on par with Crypto Currency Security Standard (CCSS) to protect Invech and all its users. CCSS is an industry standard for major exchanges and companies with ISO 27001 Information Security Management System (ISMS)*. *ISMS is a framework of policies and procedures that includes all legal, physical and technical controls involved in an organisation’s information risk management processes.

We will provide cross-platform trading clients for:

Web-based trading client
Android native client
iOS native client (pending App Store review)
Mobile HTML5 client (including WeChat H5 client)
PC (Windows) native client
REST API

KYC or Know Your Client will also be implemented wherever needed. The Know Your Client form is a standard form in the investment industry that ensures investment advisors know detailed information about their clients’ risk tolerance, investment knowledge and financial position. KYC forms protect both clients and company. Clients are protected by having their company know what investments best suit their personal situations. Companies are protected by knowing what they can and cannot include in their client’s portfolio.

WHY YOU SHOULD PARTICIPATE IN INVECH TOKEN SALE?

Established and strong ties with blockchain/crypto friendly government of Timor Leste.

LICENSED to implement Fiat – Crypto – Fiat.
All exchange users will have discounts up to 60% when they use IV to transact within the exchange.
Invech CRYPTO - FIAT ATMs.
Wide platform token usage – Over 9 licensed crypto and online businesses.
Active traders will reap rewards ranging from cryptocurrency bonusses, platform discounts, merchandises or a trip to Timor Leste.
Invech will be listed on the Nasdaq OTC Stock exchange by end of 2018 which will further increase exposure, reputation and confidence from the market. While at the same time, having token value appreciation.
We will be implementing many volume generating strategies that will bring in more transactions to the exchange, such as payment gateways, secondary exchange, and others such as tourism – hotels and casinos, agriculture, consultancy and etc. IV Token will be the baseline currency thus increasing liquidity, market capital and credibility.
Managed and operated by an experienced and competent team.
10% of total allocation will go to Timor Leste – Invech Foundation.

Benefits of having or holding IV token

Multi-Platform – Invech Token will be used on all platform of Invech Group’s business.
Exchange Discount – Get up to 60% discount on transaction fee when trading with IV Token.
Peer-to-Peer Payment – Ability to use it as P2P payment for business and individual. Mobile wallet to be released.
Early Bird Discounts – IEO participants can own IV Tokens at a discounted rate and enjoy token appreciation upon completion of IEO.
Crypto-Fiat – Platform for conversion of IV Token to Fiat to be launched in 2019.
Recognized – IV Token is recognized as a legitimate crypto currency by the government of Timor Leste.
To be widely accepted – Aims to be the main mode of payment for Timor Leste – Blockchain Smart City.
Low Risk Investment – Invech is a licensed body from the Government of Timor Leste to conduct and regulate crypto related businesses.

IEO SALES

175,000,000 IV will be open for the public

IEO will run for 60 days starting from 1st November 2018.

Phase 1 – 30 days: 75,000,000 IV @ 20% discount. Locked in for 6 months

Phase 2 – 30 days: 100,000,000 IV @ 10% discount. Locked in for 9 months

Unsold IV Tokens at IEO will be given to the Timor Leste – Invech Foundation with a vesting period of 3 years.

Soft Cap: 75,000,000 IV Tokens (USD 24,000,000)

Hard Cap: 175,000,000 IV Tokens (USD 60,000,000)

Pricing and IEO