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InvestDigital is a one-stop investment service platform for digital currencies, bridging the gap between retail and professional investors. It assists retail investors in discovering professional asset management services and helps professional investors establish and issue their own digital currency funds, showcasing and distributing them. Based on EOS, InvestDigital offers a complete ecosystem from content/tool production (investment discussions), strategy formulation (investment portfolios), to financial product creation (various funds).
InvestDigital will issue a unified token – IDT (InvestDigital Token) to incentivize and maintain the healthy development of the ecosystem. Through IDT, organic circulation is formed among various participants in the community. IDT is the native currency of the InvestDigital ecosystem, based on the Ethereum ERC20 token standard. After the mainnet launch of EOS, IDT tokens will be converted onto the EOS network. Its use cases include:
1. Algorithmic traders: Consuming IDT tokens when using relevant data services and toolsets provided by InvestDigital; consuming IDT tokens when publishing funds on the InvestDigital Marketplace; consuming IDT tokens for participating in community governance, showcasing and promoting their strategies, as well as creating private chat groups;
2. Digital currency investors: Investors can use IDT tokens to gain investor privileges on the InvestDigital Marketplace, such as product recommendations, investment research reports, dedicated customer service, etc.;
3. Data service and tool providers: Data providers, toolset providers, and formal verification providers of smart contracts in the InvestDigital community will receive IDT token rewards to encourage them to provide high-quality services;
4. Digital currency fund managers: Digital currency funds will consume IDT token rewards when showcasing performance and selling through the InvestDigital Marketplace;
5. Buyback and burn strategy: The InvestDigital team will allocate 20% of its quarterly profits every quarter to buy back IDT tokens and destroy them until the total amount of IDT is reduced to half, ensuring that the circulating supply of IDT decreases and its relative value increases. The entire process of buyback and destruction will be recorded on the blockchain to ensure transparency.
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