What Is IDM Token (IDM)?
IDM Co-op (Indonesian Digital Millennial Cooperative) is a decentralized platform that seeks to focus on digital ventures. The network seeks to introduce the collaborative working philosophy to millennial consumers and Z-Generation users. The concept makes the consumers aware and appreciates the benefits of working together. The platform promotes three main objectives: digitalizing cooperatives, crypto education, and super apps.
IDM Coop presents crypto-asset educational facilities among all sections of Indonesian society, along with the world's most populous nation, for becoming capable of competing and making a significant contribution to economic trading activities. In addition, micro, small, and medium enterprises (MSMEs) throughout Indonesia can now take advantage of digital financial administration and items available on the online marketplace, enabling them to compete on a global scale.
According to the goldpaper, the IDM token is the crypto asset icon for IDM Co-op. IDM Token runs on the Binance Smart Chain blockchain at its starting stage. The token is designed for crypto asset traders to assist in developing large ventures, including Crypto Park, a Digital Ecosystem of Cooperatives and MSMEs in Indonesia, Token Launchpad, P2E Games, and IDM NFT (Indonesia Marketplace NFT). The token holders here are divided into three categories:
Super Investor –The individuals here have a formal agreement with IDM Co-op, who cannot trade their token for the time period agreed.
Investor –The people included here are also market applicants as they participate worldwide.
Supporter –The following people help IDM Co-op by purchasing the token just for burning it. Burning is termed as a process of removing tokens from circulation.
Moreover, the platform seeks to promote IDM Super Applications (Super Apps), which are virtual commodities developed in Indonesia that can compete and make a meaningful impact on the country regarding trading, partnerships, and MSME goods.
History of IDM Token (IDM)
IDM Co-op was launched on August 10, 2020. The founding team members include MC. Basyar (CEO) and H. Gorbachev (chief operating officer). The maximum total supply of IDM Token is 1 billion IDM coins.