If Bitcoin is money without banks, Ideamarket is “credibility without media corporations.” Launched in February 2021, Ideamarket uses markets to create common knowledge without trusted third parties. On Ideamarket, genuinely trusted information crowdsources a high market capitalization, while bad actors must pay out-of-pocket. Ideamarket data can then be used to curate social media feeds according to market confidence, instead of centralized “fact-checking."
$IMO is the utility and governance token used for
Making community decisions about the future of the protocol
Paying for protocol-specific features and services
How many IMO are there in circulation?
Ideamarket launched IMO on February 2, 2022, with 100 million tokens created at genesis. 18% is reserved for the current and future team, 10% for strategic partnerships, 10% for early investors, 25% for the ecosystem and treasury, and 37% for community rewards programs, including a 5% retroactive airdrop.
Who are the founders of Ideamarket?
The founder of Ideamarket is Mike Elias, a Ribbonfarm-published psychology writer working in top crypto startups since 2017. In 2019, Mike’s Medium article describing Ideamarket earned praise from Balaji Srinivasan and Erik Torenberg, so he hired freelancers from Gitcoin and began to build.
Ideamarket’s smart contracts were written by Alexander Schlindwein, who won 3 of the largest bug bounties in Ethereum history.
Ideamarket’s current CTO is Mac Dziedziela, who led development of Pottermore, the popular Harry Potter game, under JK Rowling.