1. Project introduction

IOTA is an open-source distributed ledger protocol launched in 2015 that goes ‚beyond blockchain "through its core invention of the blockless ‚Tangle". The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG).

IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. Scaling limitations have been removed, since throughput grows in conjunction with activity; the more activity, the more transactions can be processed & the faster the network. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers); rather, validation is an intrinsic property of using the ledger, thus avoiding centralization.

IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro / nano-payments, and other applications where a scalable decentralized system is warranted.

2. Team introduction

Founder & Co-chairman: David Sønstebø

Linkedin: https://www.linkedin.com/in/david-s%C3%B8nsteb%C3%B8-760319a5/

Founder & Co-chairman: Dominik Schiener

Linkedin: https://www.linkedin.com/in/schiener/

Founder: Serguei Popov

Linkedin: https://www.linkedin.com/in/serguei-popov-631bb762/

3. Investment institution

Blocktree capital, Outlier ventures, Ledger VC, etc.

4. Application and distribution

Total supply: 100 billion

Token application:

IOTA can be used for peer-to-peer payments and value storage within the IOTA network. Its intended use will be for machine-to-machine transactions between IoT devices.

Token distribution:

Early Participant: 10%

IOTA Foundation: 20%

Community DAO: 40%

Ecosystem Dev. Fund: 10%

IOTA Stakers: 20%