Review on Indicoin by Pedro O. Alvino M.
Dapp platform for autonomous social service
Indicoin a cryptocurrency from India was created with the intention of creating a social ecosystem in which people and users can receive an incentive for the social work done in which they are accepted by a decentralized community within Indicoin that verifies said work through the presentation of the contents of the work carried out.
Built on the Ethereum network, it is considered the first asset in India to be built on this network, in addition to this, smart contracts are also executed that serve to distribute the rewards within the community.
Currently, there are various social platforms that serve as a bridge to solve and finance such projects and social work, but given the current situation, many of the platforms have had to abandon this task, since the small community that it owns does not serve as a basis to stay in the market, something that is happening with Indicoin.
Pros
- India's first cryptocurrency built on the Ethereum network
- Provide incentives for social contribution on the platform
- First to promote a system of social causes with blockchain.
- The distribution of rewards is done through the execution of smart contracts
- Supports various digital media to verify evidence of social work.
- Platform compatibility on multiple devices
Cons
- It has very little community
- Establishing a social service platform with blockchain can be risky given the acceptance of a community and the current situation that the world is going through.
