Interlink Indonesia Official Store

Ready!!!!! The ITLG Mainnet KYC portal has reached the final stages of testing and is almost ready for launch. In addition to opening the ITLG Mainnet KYC portal, we will also premiere InterLink’s official music video and theme song, as well as unveil InterLink’s new office in Hong Kong.

As I promised everyone, I will be more active on social media to share more updates. In the very near future, we will begin opening the KYC portal for Transferable ITLG, and at that point, ITLG will officially enter the ecosystem. So the question is: What is the role of ITLG within the ecosystem? Has the Foundation already planned for it, and will it overlap with ITL? In fact, the roles of ITLG and ITL have been clearly defined from the very beginning, and the tokenomics and utilities of both have already been planned and designed since nearly two years ago. Below are some of the clear roles of ITLG: a. ITLG can be staked to participate in the governance of the entire ecosystem. Each ITLG represents one unit of voting power. Think of ITLG as a vote in the boardroom that helps determine the future direction of the ecosystem. It is like the energy powering the brain of the ecosystem, where every important decision must go through this governance mechanism. b. Staking not only gives you voting power, but also allows you to receive rewards directly in ITLG. During the Transferable ITLG phase, ITLG can also be converted into vITLG (the final state of ITLG). And fundamentally, regardless of which state it is in, 1 ITLG = 1 ITLG. The states are simply designed to serve different purposes within the ecosystem and do not change the underlying value of ITLG. c. dApps focused on social and gaming will use ITLG as part of their reward and competitive mechanisms. For example, ITLG will be the main token of the InterLink Livestream platform, while in InterLink Name Service, it can be used as a token for competition between players. In addition, dApps such as BitFlip, LinkersMap, ATV, InterPredict, and @ITLvault are also encouraged to integrate ITLG as a secondary payment token. d. ITLG will also be the main token of IBTE, the business token exchange of the InterLink ecosystem. You can imagine ITLG as something similar to shares in a company operating a stock exchange like Nasdaq in Web3. (I am not making a direct comparison here; this is only an example to make the concept easier to understand.) e. In addition, benefits and mechanisms from ITLX that use funds to buy and burn ITLG, as well as Launchpad projects building on InterLink, will also represent significant utilities for ITLG. And above all, there is one thing that is more important than everything else. One of the biggest mistakes most projects make is trying to force vague utilities into a token while their ecosystem has no users or very little activity. Every utility of ITLG must come naturally and be supported by the ecosystem in a logical and systematic way, rather than being vague or simply made to sound impressive. There will be a lot happening with our ITLG next week. Stay tuned.