We have our own platform tokens called Invech Coins or IV that is built on the ERC20 platform. As mentioned above, Timor Leste is currently running on a fiscal policy without their own monetary policy. In other words, they do not print their own currency. They are using the US$ since year 2000. Causing inflation and price instability in an already poor country. As such, Invech hopes that Timor Leste will implement Invech Coins (IV) as an auxiliary currency in Timor Leste besides the USD / IDR and Centavo.
As a token of gratitude and good will for increased), to the country of Timor Leste. The 10% of tokens will be channeled to Timor Leste via the Timor Leste – Invech Foundation. Thus allowing them to kick-start the use of cryptocurrency within the nation, alongside the current Fiat currency / legal tender system. The usage of Invech Coin (IV) will be extensive. Ranging from common trading of goods and services, to paying wages and taxes, and even remittance and ecommerce. Below is a table for imaginable usage of cryptocurrency at national level.
With the Invech Coin (IV) in use, we are able to track, influence, manage and easily procure big data which will be of imperative use in the future after the big data analytics and statistics.
Furthermore, we will implement a Loan Management System under the exchange exclusively for Small Medium Enterprises (SMEs) of Timor Leste. This new entity (Loan Management System) will run concurrently with the exchange to fund raise for the SMEs.