This is a marketing communication. White Paper here. Not reviewed or approved by any EU authority. Issuer solely responsible. Terms apply to community incentives.

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Introducing the IDOS Token: Utility & Community Incentives

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IDOS is the utility token of idOS—the decentralized identity network enabling identity portability for the stablecoin economy.

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IDOS is an ERC-20 token, first deployed on Arbitrum One. The token has a fixed total supply of 1,000,000,000 (1 billion) tokens.

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Network participants

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IDOS plays an important role in aligning interests across four key actors:

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• Users. People with an idOS Profile who can add data and grant or revoke access to it through Access Grants.
• Data Issuers. Apps and verification providers that issue Verifiable Credentials for users into idOS.
• Data Consumers. Apps that request Access Grants to user data, usually to be able to provide specific services.
• Node Operators. Entities that run storage nodes, helping to secure the network by storing encrypted data and serving requests.

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What IDOS enables

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The IDOS token secures the idOS Storage Network by coordinating participation and distributing gas fees among key actors:

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• Node Operators stake a minimum amount of IDOS to become part of the validator set, and operate nodes that hold end-to-end encrypted user data. Token holders (e.g. users) can delegate IDOS to Node Operators to participate indirectly in network security.
• Data Issuers pay gas fees to write Verifiable Credentials into user-controlled storage.
• Data Consumers pay gas fees to write Access Grant requests and to read from storage after a user grants access.

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Powering a real-world data economy

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Rather than creating a new market, idOS improves the efficiency of the Financial Services data economy. Independent estimates put annual compliance spend well over $200B, much of it tied to duplicative collection and manual processing. KYC alone is a multi-billion-dollar line item and is expected to grow materially in the years ahead.

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Just ask yourself how many times a year you fill in almost identical forms for different companies or services. idOS reduces duplication and streamlines compliant data sharing and re-use for Users, Data Issuers, and Data Consumers, while retaining a share of the value created to operate and evolve the network.

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Financial Services is just the beginning.

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Optimizing for Community Distribution

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We designed IDOS to have utility from day one. To achieve that, we are releasing a substantial circulating supply at network launch, and allocating a large portion of the total supply to our community, to encourage early usage and contribution. +40% of the total IDOS supply is planned to be distributed to the community.

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Community incentives

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An identity network must have real humans. However, we don’t believe in paying users to “sell” their biometrics as a one-off event. We want to generate real engagement from users that have played a key role in the development of idOS from its early stages, and that will keep using the network in the future.

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We previously announced the completion of the snapshot for IDOS Airdrop 1 (blog link), but we have more incentives coming up. 13.8% of the total IDOS supply is planned to be allocated to community programs, including airdrops and marketing incentives.

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Any airdrop or incentive may be distributed at the sole discretion of the IDOS Association and is subject to eligibility (including jurisdictional restrictions). Participation does not create any rights or entitlement to receive any tokens.

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Active campaigns

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Two main campaigns are being launched at the moment to measure the engagement and collaboration of community members. These campaigns are designed to help users experience, research and learn more about idOS.

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• idOS App quests: The idOS App is the main portal for community members to create idOS Profiles, manage their data and interact with new features and events. Users will see quests that will guide them through new tasks that can be completed in the platform, to experience idOS’ features and utility.
• Wallchain campaign: Wallchain is an InfoFi platform that specialized in measuring the quality and reach of community-generated content across socials. idOS has partnered with Wallchain to measure the community’s contributions to high-quality educational content about idOS, and measure it in the form of “Mindshare” (read more). Their algorithm is tuned to value quality over quantity.

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More campaigns and incentives will be announced in the coming weeks.

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Points and Mindshare have no monetary/cash value, cannot be traded, redeemed, transferred, or exchanged, in any form, and do not confer any rights to receive any asset, cash, tokens, goods, or services. Points are only issued for social reputation building, linked to reusing credentials and interaction with the idOS. Mindshare is a social engagement metric only, controlled and operated by Wallchain (third-party terms may apply). The programs may change and/or be discontinued. You are not eligible if you are a citizen, resident of, or located in a Restricted Jurisdiction (as defined under the Terms) or if in your jurisdiction such programs would be illegal.

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