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      "body": "Indicoin is a cryptocurrency and a social service platform that encompasses the idea to reward the individuals for every good deed they do for society. \n\n![mihir.png](https://steemitimages.com/DQmPnaFnNMUcRBxUG41TdKqMVTznzd2cu5yxiK6xBwosPLQ/mihir.png)\n\nFrom planting a small sapling to making a garbage compost, from raising a voice against child labor to building sanitation facilities in remote village, Indicoin has received numerous campaigns in order to increase the social awareness and do some good to society, some of them were out of our thinking capacity, even the Team members didnt speculate such ways to contribute to society which came to them. These little things have somehow benefitted an individual or a group of people, which was the main idea behind putting up Indicoin.\n\nIndicoin has promised to deliver its Decentralized application before the scheduled time. Talking to developers, I came to know about some of the features that are intended to be added in Alpha and beta version of DApp which we'll come across in a matter of days.\n\nIndicoin will be India's first DApp built on ethereum and available on DApp ethercast. Moreover, Indicoin ICO was India's first ICO which started a wave of cryptocurrency acknowledgment and ICO's in India after which a lot of cryptocurrencies from India came into existence. A support staff from Indicoin said, \"It feels really good when people ask me about Indicoin but they don't even know about bitcoin or any other cryptocurrency for the matter.\" However, due to increased inquiries from people all over the world, he remains in conversation with at least 4-5 concerned individuals anytime.\nIndicoin's website has added some eye-catching and influencing details with some add-in features that elaborate the whole idea and implementation of the project.\n\nIndicoin is listed on Hitbtc and Etherdelta for trading. Listing on Hitbtc was a major accomplishment for Indicoin's investors as well as individuals who missed our ICO because the majority of Indians who know about cryptocurrency are only investing in bitcoin and trading of Indi on Hitbtc will be relatively easy with bitcoin. From the PRESALE price of ₹1/coin Indicoin has moved to somewhere around ₹10/coin on the Christmas morning giving the early investors a perfect Christmas' gift but from the public groups, I came to know that the investors are expecting the threshold of $1/coin in near future and they are ready to hold it till there.\n![WhatsApp Image 2017-12-27 at 13.53.54.jpeg](https://steemitimages.com/DQmUM5vv8cZjJWGb5ELBS1JWvqUMDTSiwnUNHjLhD69Vsb5/WhatsApp%20Image%202017-12-27%20at%2013.53.54.jpeg)\nIndicoin has gained an influential surge in both the trading volume and percentage increase on Hitbtc. \n\nIndicoin has undoubtedly preceded its reputation as both cryptocurrency and a social service platform. Indicoin is absolutely a project to give a look into while surfing the internet if you're a crypto enthusiast or an individual who is somehow concerned with how our society works and what we should do in order to improve.\n\nhttps://indicoin.org.in/blog.php?id=1",
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      "body": "![IndiCleanNGreen psd.jpg](https://steemitimages.com/DQmZcd5o6YikTpcnkuViZK3LJDAD1Ga2WQwd6H4Jf3kknHU/IndiCleanNGreen%20psd.jpg)\nIndicoin launches first of its ambitious project of incentivizing socially benefitting deeds on the occasion of birth anniversary of Mahatma Gandhi who has been a sole propagator of peace and unity across the world. We want to mark this day in memory of all his great deeds and learning from his life, however small an Idea seems but with great perseverance and dedication you can revolutionize the whole world. His principle of Ahimsa and Non-Violence which changed the existence of the whole country for better clearly proves it.\n\n***“First they ignore you, then they laugh at you, then they fight you, then you win.” — Mahatma Gandhi***\n\nIn the present time when the whole world is running after bringing successful business models over Blockchain. We stand here with our Social Proposal of Indicoin. Our ICO was just launched on 1st October 2017, with a hope to bring together a difference when each hand extends its help. A global community coming together for a social cause.\nThis is a chance to commemorate this occasion, we are starting with our Community Build Up program. Following the step we will be initiating with our Social Campaign “Green & Clean Indicoin”, we have open up a Bounty of minimum 500 INDI Coin for the participants who successfully perform an act. In this endeavour we shall promote a message for a greener and cleaner society for all of us.\nThe event shall encompass the act done by the community which shall later be shared on our platform for the community to see and inspire. Also to promote healthy competition the member leading the board at the end of our ICO we shall reward that member with an attractive price of 100,000 INDI Coins.\n\n**Instructions to join the program:**\nAll you have to do is plant a tree or clean your surroundings (either one or both) and upload a live video (Social Proof) on your Facebook and submit the Actual Proof of Work’s social link On our website.\n\n**Instructions:**\n1. Although live videos are encouraged, other innovative solid proofs will be considered, only special cases shall be considered for recorded videos\n2. We encourage the tasks to be performed in public place, but they can also be performed on your own private property but in open spaces like Lawn, Roadside etc.\n3. One Proof per Day is the limit. Individuals can do multiple in a single day, however, the one with the highest reactions will be counted.\n4. The post made should be “Public” not limited to Friends or Friends of Friends on various Social Media\n5. Post should have the hashtag #INDICleanNGreen & #Indicoin to be eligible\n6. Seriousness and Success of task will increase your reward. The number of likes, shares on your post will also increase your reward by up to 500 INDI Tokens\n7. Adhere to the Law of land at all times\n8. Token distribution will be done after the end of token sale\n9. The campaign will last until 30th October. Entries will be updated twice a week\n10. After uploading the live video, Fill the form(link) with your name, email, and link to the live video (Social proof)\n11. The Leaderboard will be updated every week. Evaluations will be done on the basis of\n12. Adopting any unfair means or cheating will lead to barring the individual from any and all future campaigns\n13. Indicoin reserves the right of final decision in case of any disputes\n14. For any queries, write us on [email protected]\n\n*The Best Entry will win 100,000 INDI Tokens and a chance to become Indicoin Social Ambassador after the reaction received on the posts at the end of the Campaign (on the basis of reactions).*",
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      "memo": "Welcome to Steem @mihir56, check my blogs for more ways to earn Steem & SBD :)",
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      "author": "mihir56",
      "body": "![ML2A2403.JPG](https://steemitimages.com/DQmYy34fA79vCHnmdJRX9ESBAMDPT6iHHoBi96V4YFPdC8o/ML2A2403.JPG)\n\nHello steemers,\n\nI'm Mihir and this is my introduce yourself post. I'm Community Manager and Researcher at Indicoin.\nIndicoin is an autonomous cryptocurrency and first-ever social platform where people can not only contribute but also validate through any kind of content posted anonymously from anywhere, anytime and also earn through it.\nIndicoin marked as the first Token sale/ICO from India, a population of 1.2 billion people.\n\nI've been a crypto enthusiast since 2013. I've pursued my graduation in Information Technology. I'm just 22 years old.\n\nI'm kind of a geek but I love traveling. Travelled to almost every state in India. Spent much more time on roads and mountains compared to the classrooms in my life. But honestly, I'm very bad at sports. I would rather play games on my laptop or code.\nHuge fan of superheroes and comics. Support the idea of living in simulation stated by Elon Musk (Huge fan). Would love to go to mars with SpaceX.\n\nI personally feel that there is something wrong with the way we live in this World. We must do something good to the society, something that'll make this world a better place to live in, take a step towards making this world without any borders, where there won't be a huge margin of difference among peoples. Unimaginable count of people is living below poverty line experiencing hunger, lack of education, proper sanitation, no access to clean drinking water and much more severities.\n\nBut I'm obviously not in a position where I can do much. However, we at Indicoin are making a decentralized app where people can earn helping others in any way. Maybe this initiative will motivate people to do something good to society when they will be rewarded with something like Indicoin.\nIn my opinion, if we see a problem, we try to solve it in the best way we can. In our case best way we've seen is blockchain and technology.\n\nI too have seen many ups and downs in my life. I wasn't born with a silver spoon anywhere near me. I've been rich(marginally) and I've been poor and as Jordon Belfort (of 'Wolf of the Wall Street') said there's no nobility in poverty. I'm happy how my life is going on right now but let's face it, I get convinced easily.\n\nAfter five years, I see myself traveling, exploring the miracles our mother earth holds, meanwhile also working for the development of community centers across the globe as my part of the job.\n\nThank you for lasting this long to finish my intro. I'm looking forward to interacting with you guys on this very amazing platform.",
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      "body": "@@ -7036,16 +7036,17 @@\n m%0A%0A**Let\n+'\n s togeth\n",
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      "body": "![1-pT-1YjPyOCdyQ-l5fQ1q3g.jpeg](https://steemitimages.com/DQmTiRgobJmZP58U616wXwhheJsNEgoiycHqwg9FKha24xv/1-pT-1YjPyOCdyQ-l5fQ1q3g.jpeg)\nIndicoin is a decentralized autonomous cryptocurrency and a social service platform that enables users to use smart contracts to provide social proof to the blockchain community through a decentralized, unbiased and transparent voting process thereby incentivizing and encouraging the user community to undertake more such social tasks. Indicoin is a first ever social platform where people can not only contribute but also validate through any kind of content post anonymously from anywhere, anytime and also earn through it.\n\nIndicoin is a platform that relies on blockchain technology and cryptocurrencies to restructure the way a lot of our daily routines are carried out. The idea behind Indicoin is to create an inclusive community of people who are incentivized to do socially positive and constructive tasks. This creates a new paradigm in which technology is infused with our social fabric. It greatly increases the area of impact for various associated technologies and makes everyone a part of the global internet. While, at the same time also providing a platform to express and impress.\n\nIndicoin believes that it isn’t always necessary to cross oceans in order to help someone or a whole society, one can voice his opinion sitting at home. All that matters is that our concern and care turns into an action or a movement towards betterment. Hence with this speculation in our mind, we at Indicoin aspire to provide a broad platform for people from all walks of life, from any part of the world. We pursue to create an online platform where all of us can come together to contribute.\n\n**So the question is how?**\nIndiCoin is developed to address the broken social sector. We are building a DApp where one can share any proof of work such as live videos, images, illegal document leak, e-way bills for which our DApp will provide full anonymity and in exchange provide Indi tokens.\nAlong with that, we'll be addressing poverty, child labor, proper sanitation, education, bringing drinking water accessible to everyone and million other test cases.\n![4671d637828041.574dcab96c740.jpg](https://steemitimages.com/DQmf4hLLACBchCRsYnrdWc3y2J6ufBfZNEd4YxVApVj4Rm2/4671d637828041.574dcab96c740.jpg)\n\nWell, all you have to do is “share any (kind of Proof) live videos, images, illegal documents leak, E-way bills for which our DApp will provide full anonymity in supporting the real world or communities ecosystem in some or other way.” So all you have to do is do some good around you in making our world a better place and we will guarantee your full anonymity. As the traits of a ‘social worker’ is naturally grained in all of us, so one doesn’t just need to get a University certificate or let’s say work at a refugee camp to be called one. Today with the help of technology’s connectivity, we all can make our concerned voices heard.\n\nIndicoin tokens give the members of the community the right to raise a proposal and vote for proposals of other members.\nSuppose I am doing something which will ultimately lead to upliftment of the society.\nSo I raise a proposal on the platform.\nUpload my proof of work which can be anything like a live video or genuine documentation.\nThis proof of work is now reviewed by other members of the platform and a transparent and unbiased voting process takes place.\nIf my proposal is found to be genuine I get indicoins as a reward.\nIndicoins are ERC20 tokens built on top of ethereum. So, IPFS, smart contracts(ethereum) and the distribution protocol developed by our team will decide to whom and how many coins will be allocated.\n\n**What we wish to accomplish?**\nThe social work encompasses a large array of jobs such as conducting awareness and literacy programs among the underprivileged sections of the society, conflict resolution of any kind and work-related but not limited to environmental concerns. Hence Indicoin aims at providing financial benefits to the social workers and furthermore encourage users to help and improve the society as a whole by attaching a monetary value to every kind of work that benefits the society. Upon successful completion of the social work, an autonomous distribution of indicoin is done by the community on the basis of governance and consensus model. The funds provided for social work are to be locked through smart contracts and only be distributed upon the successful verification of the proof of work provided by the user on the indicoin platform.\n\n*“According to Survey, 82% of Indians are deprived of basic needs in the country, which are tap water, electricity, and proper sanitation.”*\n![newproject_1_original.jpg](https://steemitimages.com/DQmexWAxG8YPiSyivCc8oQpBLkutdaCBTU49mD93jooAj4v/newproject_1_original.jpg)\nWe are coming from a country where a mother has to walk miles for bringing water to their children, where a great mind get unexplored due to the continuous gaze of those eyes over dreamy eyelids in the dim light of a lantern, where rural masses still do not have access to a modern toilet. Illiteracy is still is it’s large.\nWe are willing to overcome these problems with people who really want to contribute to society by doing some good to others. “Every good deed that’s nobly done will be repaid by us.”\n Keep in mind these are just a few of test cases that we see in our day to day life. There are a lot of other issues that we will overlook and vanquish with your help and support.\n\n**How do we use Blockchain?**\nIt is a platform Independent, self-governing social service DApp for a community of people who really want to contribute to the society. Indicoin aims to use the technology of Blockchain and Smart Contracts to provide meaningful tasks to the user community and linking a monetary value (Indicoin) on these tasks. The Indicoin project recognizes that an extremely ignorant and inconsiderate amount of the human population’s attention which plays a significant role in aggravating the inequalities inherent in our society. By administering an efficient virtual platform that controls the power of digital currencies, blockchain ledgers, IPFS and physical world ethics we are enacting a completely individualistic and autonomic system, acquitted from the political quirks of any nation, that is capable of causing a positive impact on people’s lives by allowing them to undertake tasks related to the welfare and upliftment of the society and also grant eloquent recurring income to all those eager to engage.\n\n**India's first Token sale!**\nIndiCoin Token sale would be the first ever Token Sale/ICO officially covering India where people can buy IndiCoin in INR as well as other cryptocurrencies. Our mission is to create awareness among 1.2 billion unaware Indians about cryptocurrency and blockchain ecosystem also create a sense of social accountability among individuals.\nWe have successfully concluded our Presale on September 20, 2017, raising over 900+ ethereum\n\n**Lets together take a step toward making this world without any borders**",
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      "body": "![1-IjLzi3KlS0l_LSffP3ug9A.png](https://steemitimages.com/DQmdi3hnfzqeZMVS55j5xAhyQYLRrghjmbzTTaaCaSPYWM8/1-IjLzi3KlS0l_LSffP3ug9A.png)\n**15**th August last month marked our 70 years as an independent country overcoming the tyranny lasting since 1757. We’ve come a long way from where we started. I’m gonna narrow down our development in the field of internet and slowly dive in cryptocurrency. India is the second largest user of Internet in the world after China and only 10.1% of our entire population use internet. However, this point is worth noting that we are really large in numbers. \n\nInternet was introduced to us in 1995. In that year itself, the Committee of proposed Legislation on Electronic Funds Transfer and other Electronic Payments emphasised EFT system. After that India’s IT exports have gradually climbed up the technological ladder. Indian firms now hold 1.5–2% of the global software services market. IT sector is a globally competitive industry and India’s success in it has placed the country on the global map of rapidly growing sector despite being the fact that India used to be a country whose success in both exports and industrialisation has been modest. The increase in growth was primarily due to the inclusion of services-based elements in manufacturing.\nOpportunites in IT enabled services and remote processing opened up huge range of services from medical transcription to insurance claim processing, from payroll and human resource services to customer interaction services, data digitisation and geographic information system, call centres, digital content and legal databases and online education which all together emerged as the most dynamic drivers of the technology led service industries in India. From an equity perspective, India is the second best BRIC market this year, following the volatile Russian stock market.\n\n![economic growth.JPG](https://steemitimages.com/DQmVsqukwwDRVjpctJA2h5dhan67TNmQFm8ecir2vBsUyz7/economic%20growth.JPG)\nHowever, the concept of digital currency is still a brand new subject for us. Even Reserve Bank of India (RBI) has no proper rules and guidelines regarding cryptocurrency. The only thing that comes as a roadblock in RBI’s eligibility criteria states: “Only banks which have been permitted to provide Mobile Banking Transactions by the Reserve Bank of India shall be permitted to launch mobile based prepaid payment instruments (mobile wallets & mobile accounts.” \n\nFiat money is a currency without intrinsic value established as money by government regulation or law for example, our currency notes. In order to enter into this digital market; fiat is needed to purchase Cryptocurrency. A perspective that few holds is that “Fiat will fade away as more people adopt cryptocurrencies.” If we keep fiat out of the system, then cryptocurrency is unregulated in India. \nOver the past few years, despite the lack of regulations in the Indian digital currency industry, a few bitcoin exchanges have sprung up and started operating with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place. These include startups like Zebpay, Coinsecure and Unocoin. These startups have also raised funding from investors and have slowly been building faith in digital currency sector despite scepticism from the government.\nIn July 2016, Deputy Governor Rama Gandhi of the Central Bank of India “urged banks to work to develop applications for digital currencies and distributed ledgers.\n\n![1516ise15-figure1.jpg](https://steemitimages.com/DQmYf4e9s7k13Y3SRCDHWFiNR13XmBuD7uP1Nf4nRNQ2mea/1516ise15-figure1.jpg)\n**Distributed vs centralised ledgers**\n\nCentralised ledgers and Distributed ledgers:- Bank uses the conventional transaction clearance approach in which there is a clearing house, such as bank or company which is associated with different parties or users. Now for every transaction held in clearing house a record is maintained therein for recording transactions relating to a company’s assets, liabilities, owners’ equity, revenue, and expenses which are known as centralised ledgers. In blockchain based transaction clearance approach, distributed ledgers are maintained for every transaction which is nothing but a consensus of shared, replicated and synchronised digital data geographically spread across multiple sites, countries or institutions.\nThe concept of digitalisation mainly came to light after the announcement of demonetization by Prime minister Narendra Modi on 8th December 2016 in which he declared that use of all ₹500 and ₹1000 banknote of Mahatma Gandhi series will be invalid past midnight and also announced the issuance of new ₹500 and ₹2000 banknotes of Mahatma Gandhi New series in exchange for the old banknotes.\n\n![modi.PNG](https://steemitimages.com/DQmeBQvujWGJvxh4za4LvXNdpJdKN7Wz31oYZMjAxyz8MWd/modi.PNG)\n**Impact of Demonetization**\n\nThe sudden nature of the announcement and the prolonged cash shortages in the weeks that followed created significant disruption throughout the economy, threatening economic output. Cash shortages forced the society to go cashless. That was a major step toward digitialisation. Before this, cash was the main mode of payment for the middle and lower class family in the country which contributes to the maximum population but after that people went cashless started using card mode of payment. A mobile wallet startup Paytm becomes “the India’s largest mobile payments startup”, after 86% of India’s Cash was sucked out from circulation. Everyone tends to make payments from mobile wallets and a dream of Digital India was set in motion. Despite being unregulated Cryptocurrencies have some significant signs of progress among Indian. Legalisation would further increase the trading volumes in India along with that it will be a major step toward making India digital. Digitalisation will show the signs of progress for the Indian economy. It will also be a step toward making “India- A developed nation.”\n\nIndiCoin is a team of a developer from India who has come up with a new blockchain based project centering around social service. This project will mark the launch of the first cryptocurrency from this country. We are a team of young and creative developers straight out of grad. college. Crytocurrency is something which has a lot of potential volumes still to be covered, both locally and globally.\nDo let us know what you think about this ! HERE\n\nVisit our website at www.indicoin.org.in\nMIHIR\nCommunity Manager and Researcher\nIndiCoin: India’s Own Cryptocurrency",
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