What Is IMO Project (IMO)?
IMO is a cryptocurrency that encourages a modern yet simple way to trade in real estate, regardless of the currency funded. The expansion and democratization of the IMO cryptocurrency add to the funds reinjected into the ecosystem. Every month, the rental income obtained on the real estate is reinvested into its ecosystem to purchase the IMO token. IMO can work as a direct real estate fund that brings traders or financers from different places with the help of blockchain.
Unlike other projects, this platform aims to offer participation in the fund while reducing the risk of costs incurred in maintaining a property. This way, the risk is reduced compared to a direct investment in one property. IMO project finds the blockchain an ideal ally as it stores and transmits the information without the interference of any central intermediary. Moreover, the blockchain allows individuals to connect and participate in the IMO project.
The whitepaper states that the IMO is a deflationary token of the ecosystem, which means the circulating supply of the token decreases over time through the coin-burning process. Coin burning eliminates tokens from circulation by sending them to a wallet to lock them forever. The IMO token is based on the Binance Smart Chain (BSC), which helps increase transaction speed and minimal fees. Binance Smart Chain signifies a blockchain network developed for running smart contract-based applications. The IMO-BNB pair has been trading on the PancakeSwap since March 21, 2021. PancakeSwap lets you trade cryptocurrencies without a centralized intermediary and runs on Binance Smart Chain.
However, the network plans to transfer its liquidity to the IMO-BUSD pair. The BUSD cryptocurrency is a traditional currency supported by the BNC. The benefit of moving liquidity from BNB to BUSD is that the changes in the price of BNB cryptocurrency are not correlated to the traditional value of the IMO asset anymore, which can be an advantage to the IMP project and its traders.
History of IMO Project
The IMO project was founded by Knut Robillard (blockchain manager) at the beginning of 2022. The team's ambition was to make real estate accessible to every individual through cryptocurrencies and blockchain. The maximum total supply of the IMO is 20,000,000 IMO coins.