ONLINE.IO – Together We Can Change The Internet

Context & Objectives

When people hear about “Blockchain”, they think about Bitcoin, the world’s first cryptocurrency, which aims at changing the global economy. However, Blockchain, Bitcoin’s underlying technology is poised to disrupt other sectors as well. Starting last year there was a huge hype around the Blockchain technology stack and especially Ethereum-based start-ups developed to impact more common areas of our day-to-day routine and not only the banking and financial sectors (where paying intermediaries fees are no longer required). Blockchain technology started to be used for activities such as grocery shopping, online marketplace, paying for your dream house, car, holiday, etc.

The advertising industry is yet another sector that is going to be reshaped by the Blockchain technologies, which accordingly to market experts could be the most groundbreaking change within the industry since the emergence of smartphones and social media.

Considering that over 40% of world’s population has Internet access, the advertising business enjoys a large source of data, and in recent years, their focus has been on big data. However, evolving capabilities and changing regulatory prospects will affect how advertisers connect and engage customers in the near future.

Recent studies regarding users experience with digital ads revealed that more and more consumers seem consistently unhappy with digital advertising for three main reasons: security, privacy and fighting annoyance from intrusive ad formats.

Online.io is implementing a decentralized ecosystem which combines all necessary features for a faster, safer, and more private Internet browsing. Moreover, through the Online.io platform developed by using the most advanced Blockchain technology, both internet end users and website operators will benefit alike.

Enhanced Online experience for Internet users. Bypassing digital advertisements means faster webpage loading time and a more enjoyable browsing experience due to removal of disturbing ad formats. According to a 2016 survey, 91% of consumers appreciated that digital ads were more intrusive than two years ago, while 81% of them stated that they have closed a browser or exited a webpage because of pop-up ads.

Also, Online.io offers an enhanced protection of consumer data first off due to added security of Blockchain technology which will eliminate demographic and behavioral profiling from being collected and used without prior consent. As internet users are able to rate each website according to their experience, this will lead to the creation of a ranking of trust-worthy websites.

Summary of the Token Generation Event

The team at Online.io has been intensively working on bringing this idea to life since June 2017. The next step in developing our platform and thus creating an enhanced online experience will be to release beta versions for several modules in Q3 2018, latest in early Q4 2018. Our vision is to continually develop the platform thus keeping it in line with the latest technology developments.

In order to fund the development of the Online.io project, we plan to organize a public Token Generation Event aiming to attract investors, who are willing to support our goal: creating a faster, ad-free, more secure and private Internet experience.

Prior to the opening of public Token Generation Event for the Online.io platform, we are offering pre-sale opportunities of OIO tokens, with bonuses awarded in token ranging between 5% and 25%, depending on the investment's value.

Further details of the Token Generation Event and the potential benefits of OIO tokens ownership are provided in this Whitepaper. The binding terms and provisions of the OIO Token Sale will be outlined in the Terms & Conditions provided at https://online.io/ (the "Website")

Roadmap

2017

The idea first appeared in June

June to December: Initial research phase

December: Validating potential ideas

2018

1st quarter

January

Studying blockchain in terms of platform integration perspective

Risk analysis, associated with blockchain

Start development for TGE Site & Platform

February

The second phase of the research is completed

March

White paper published

Development completed to test the network and the basic contract code

Development completed for user API

Development begins for data collection and financial officers

Smart contract development begins

UI design is complete

Personal TGE sales begin

The beta version of the TGE platform

2nd quarter

April

The TGE platform issued receives user registration

Development of malware protection begins

User validation development begins

The development of online time tracking is complete

Maybe

Development of Chrome and Firefox browser extensions starts

The web dashboard for OIO token owner development begins

ICE token distribution distribution algorithm is implemented

June

TGE begins

Beta malware protection

User validation beta

Private Beta Cloud, Guardian script beta

Wallet development begins

3rd Quarter

July

Chrome and Firefox browser extensions are beta

ICE smart token contract issued

Web dashboard for OIO token owner release

Private cloud exemption

Released script guardian

August

Beta version of the web dashboard for OIO token owner release

Chrome and Firefox browser extensions released

September

Beta Wallet release

4th Quarter

October

Web dashboard for OIO token owner release

December

Mobile app development begins

2019

1st quarter

January

Market architecture

SDK API for custom integration architecture

February

Plug-in for E-Commerce solution architecture

March

API SDK for special integration release

Wallet additional security features

2nd quarter

April

-Black Marketplace launch

June

-Plug-in for beta release of E-Commerce solution

3rd Quarter of

July

-Republik

4th Quarter of

October

https://online.io/

Blockchain current and future evolution

Each distributed system needs a consensus algorithm to validate transactions. Over the last few years the Proof-of-Work algorithm has dominated, not to say was the only one used. As the cryptocurrency ecosystem evolves — the race to create a better consensus algorithm began.

The current year can become the year of competition between different mining algorithms / strategies. The following strategies are currently most widely known:

Proof-of-work (PoW) - (Reference #2). Coins are distributed based on the work performed by the user to demonstrate his input on processing transactions and doing work for the whole infrastructure. This is the group of algorithms that provides slow calculation of some result and fast verification of this result. This helps to ensure that miners have to perform some complex computations on their hardware to find a block, but Blockchain network users that confirm this block don’t need to perform such computations and can easily check that result is correct using low resources.

Proof-of-stake (PoS) – (Reference #3). Coins are distributed based on the user’s previous investments. The more investments a user has the more coins he will receive.

Proof-of-elapsed time (PoET) - (Reference #4) is a relatively new concept. Coins are distributed based on the proof that the user was doing some specific action for a rather long period of real time. Proof of time algorithm was invented by Intel and it is mainly associated with their hardware platform that provides very fast consensus model. It generates random numbers (wait time) on miner’s nodes and then chooses the node with the lowest number. So, it works like a lottery but with more complex algorithm designed to provide more optimizations. Intel promises that this algorithm cannot be broken by external actions and provides honest consensus model. This makes PoET perfect for private Blockchain when you need performant distributed storage and don’t want to force your hardware to make complex computations. The only minus is the restriction on Intel’s platform (Sawtooth Lake).

The proof-of-elapsed time has not become popular and well adopted yet. But in the near future it may be intensively developed. Future adoptions may not be the exact algorithm designed by Intel, but rather some variations of the concept.

TEAM AND ADVISORS