Frequently Asked Questions

IDON Tokens

IDON is a digital currency that lives on the Ethereum blockchain and is managed by smart contracts. It is the native currency of the Idoneus Ecosystem to buy, sell, trade, rent or otherwise experience luxury assets, goods & services. With IDON, its holders can send and receive payments quickly and securely.

Only one billion (1,000,000,000) IDON tokens will ever be minted and this can not be increased.

You can safely store IDON on any ERC20 supporting hardware wallet, mobile wallet and custody provider. For those new to crypto currencies, we suggest the Trust Wallet or Coinbase Wallet for its ease of use and security features.

In the near-future Idoneus will release its own “smart wallet”, which will further increase the ease of use, functionality, and security features.

Yes. Anyone who wishes to purchase IDON must successfully complete Swiss AML (Anti Money Laundering) / KYC (Know Your Customer) documentation.

The token smart contract specifically defines that Holders of IDON may list their IDON for $10.00 or more on public crypto exchange, thus the public price of IDON cannot fall below $10.00 per token.

Holders of IDON may sell their tokens at any price they choose by facilitating a private sale transaction. Holders of IDON may also list their tokens for sale through the Over The Counter (OTC) trade desk at a price of their choice.

IDON will be listed on multiple public crypto exchanges at the initial price of $10.00 per IDON. Holders of IDON may list their tokens for sale at a price of $10.00 or more with trading opportunities for other cryptocurrencies, as well as traditional fiat currency.

Holders of IDON tokens may use their tokens within the Idoneus ecosystem to buy, rent or otherwise experience luxury assets, goods and services. Individuals can also use their tokens as a method of payment to facilitate private transactions where value is exchanged between parties. They may list and sell their IDON on public exchange for sale, sell their tokens privately, or list them for sale on the OTC Desk.

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.

All individuals and entities who wish to purchase IDON, whether that is through public exchange, private sale or through an OTC Desk must successfully complete Swiss AML (Anti Money Laundering) and KYC (Know Your Customer) compliance documentation. These measures are to ensure that Idoneus and all of its token holders are compliant with governmental oversight requirements and will promote the long-term stability of the entire Idoneus Ecosystem.

Only US citizens who are accredited investors may purchase IDON tokens at this time.

An accredited investor is an individual or entity which meets one of the following requirements:

  • Has a net worth exceeding $1 million individually or combined with a spouse (excluding value of primary residence).
  • Has earned income exceeding $200,000 ($300,000 if combined with a spouse) during each of the last two calendar years.

 

The individual must also demonstrate credibility he or she will at least maintain these income thresholds during the current year.

Each IDON will have a smart contract embedded into its code which will only allow the transfer of IDON on public crypto exchange to occur if IDON has been purchased for an amount equal to or greater than $10.00 per token.

The purpose of the OTC Desk is to match those holders of IDON who wish to sell their tokens for less than $10.00 per token with buyers who wish to purchase for less than $10.00 per token.

IDON will be listed on multiple public crypto exchanges at the initial price of $10.00 per IDON. Holders of IDON may list their tokens for sale at a price of $10.00 or more with trading opportunities for other cryptocurrencies, as well as traditional fiat currency.

Asset Acquisition & Partnerships

It would be our pleasure to speak with you regarding how our companies can potentially work together. Please contact us here and and let us know the nature of your inquiry, a few details about your company and the valuable assets, goods, or services your organization offers. A member of our portfolio development team will contact you at soonest availability.

1. Initial submission of details regarding the subject asset for review and qualification.

2. Receive a summary of interest from Idoneus with a comprehensive overview of the proposed transaction, links to critical collateral, etc.

3. If requested, a conference call between the introducing Advisor, a member of the Idoneus Executive Team and the Asset Owner will be scheduled in order for all parties to ask/answer further questions and discuss potential next steps.

4. Should there be mutual interest to proceed, Swiss KYC/AML documentation will be completed and Idoneus will issue a non-binding Letter of Intent, which will outline the basic framework of the proposed transaction.

5. Upon the successful execution of the Letter of Intent and successful completion of Swiss KYC/AML documentation, Idoneus will issue a formal Purchase Agreement for the Asset Owner’s review which will include all relevant transaction details.

6. Upon the execution of the Purchase Agreement, a wallet will be created for the Asset Owner where the agreed IDON payment shall be made.

7. Any required inspection of the subject asset, final due diligence and all other terms and conditions required to close shall be completed. At closing, the full balance of IDON which is due shall be transferred to the Asset Owner’s designated wallet being released to the asset owner per the terms of the contract. Title/ownership and possession of the subject asset shall transfer to Idoneus or its assigned entity.

Idoneus is responsible for all of the transfer costs associated with transferring IDON to the seller. Each seller is required to pay all of the transfer costs associated with their asset to be transferred to Idoneus.

*Exceptions to this structure may be approved on a case by case basis dependent upon local jurisdiction requirements.

Yes you can. We curate our exclusive portfolio with great care.  You may contact us here to provide us with the details of the asset which you would like to sell or trade. Please provide full details including any applicable web links. A member of our Portfolio Development Team will be in touch with you shortly.

Asset owners are able to diversify out of an asset that they no longer wish to own and into an asset which has no holding cost, growing utility and a continuously expanding ecosystem.

Holders of IDON may use their tokens to purchase, rent, charter, or otherwise experience luxury assets, goods or services on the Idoneus Platform, often at a discount to the retail pricing that exists outside the platform.

Holders of IDON may list their tokens on public exchange, sell privately or list on the OTC Desk.

Want To Know More?

We are here to help. Our team is available to answer your questions. 
To inquire, please send us a message and let us know the nature of your inquiry.