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Business Description

IUNGO network software utilizes a blockchain for a “self-running accounting” and runs a no-entry-barrier community of hotspots is a workable solution. An ERC20 token will create a closed loop of incentives between hosts and users. IUNGO is Decentralised Global Wireless Internet Provider. Whatever new types of carriers may arrive (air balloons, for example), such solutions will remain monopolistic. Thus, WiFi is likely to remain the only feasible technology for a fair solution.;As examples of pseudo-p2p services such as Airbnb or Uber show, their approach decreases prices insignificantly at a cost of monstrous monopolisation and conflicts at many business and social levels. The network must belong to no one to serve the purpose.

  • Primary IndustryInternet & Telecommunications
  • Raised To Date$46,000,000
  • Latest Funding TypeToken Generation Event
  • Ownership StatusPrivately Held (backing)
  • Token Name (Symbol)Iungo ING
  • Legal NameIungo Network Oü
  • Formerly Known As-
  • Operating StatusActive
  • Founded2018
  • Employee Count1-50
  • Subsidiary of-
  • Subsidiaries-
  • Organization TypeFor-Profit
Deal DateFunding StatusTarget NameDeal TypeInvestorsAcquirerDeal SizeToken Name (Symbol)PR
31 Jan 2018
Completed
iungo
Token Generation Event
Undisclosed
-
$46,000,000
-
Executive NameTitleCountryCitySocials
Paulius Sirevičius
Co-Founder
Lithuania
-
Ričardas Bernotavičius
Co-Founder & CEO
Lithuania
-
Headquarters
Alternative Office