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 into the Idoneus marketplace, the value of the entire Idoneus ecosystem expands as more utility is added.