Is IDON asset backed?

No. IDON is a means of payment for the Idoneus marketplace which has the ability to be spent to buy, rent, trade, or otherwise experience luxury assets, goods and services.

As each asset, good, or service is purchased using IDON as a method of payment and as parties place new assets for purchase, rental or trade on the Idoneus Platform, the value of the entire Idoneus Economy expands as more utility is added. Check this article to learn more about how the value of IDON is established and governed.