IMMO High1000: Elite Decentralized Cryptocurrency Community Experts?

IMMO reserve cryptocurrency has been gaining a lot of traction in the past few months. The popularity this project is gaining is because of involvement of famous personalities such as Vitalik Buterin, Lon Wong, Jimmy Song, Tim Draper, Simon Cocking and other experts. There are reports that some of the employees of G20 financial ministries are also monitoring the development of IMMO.

Until recently, IMMO’s purpose had been mysterious but thanks to a newly leaked internal document, we have the opportunity to learn some details about the mysterious project.

The IMMO project is a reserve cryptocurrency, which is basically secured by valuable resources. However, there are many projects currently who hope to do the same thing as IMMO. To set themselves apart from these competitors, IMMO has a wild card.

Management and development of IMMO will gather High1000 – a decentralized cryptocurrency community consisting of experts and evangelists.

The IMMO will be controlled by a sort of a council called the High1000. These will be thousands of people among the most respected experts and most important members of the community. The members of this community will have the right to vote on the most important decisions that will be taken by the foundation and will jointly decide its future and its development.

The community members will receive bonuses depending on their level of involvement and awareness of the project. But it is not so easy to get into High1000, as only existing members can process and approve incoming applications and this is possible only if certain criteria are met.

Can Anyone Be A Member Of High1000?

Theoretically, yes. Anyone can apply on their website, fill up a form and be eligible for selection. But chances of a Tom, Dick or Harry to get selected is lesser than the chance of you winning a lottery.

To give a perspective on how tough the selection criteria for a common-man can be, here are a few questions asked in the application form.

  • Question 6: “Please specify what crypto conferences have you already spoken at. At what conferences will you been speaking this year?”
  • Question 7: ” Are you on the list of top experts on any crypto ratings (ICOBench, ICODrops etc.)?”
  • Question 8: “Have you ever been an advisor?”
  • Question 9: “Do you have a large community of followers across social networks or other media sources?”

Chances are most of us don’t have a convincing a for even one of these question, much less all these questions. Apart from these questions, the form concludes with the question. “Do you have recommendations from existing members of High1000?” It is rather unlikely that we will be able to get this recommendation, considering there are very few members enrolled already.

Conspiracy theories and criticisms have sprouted up all over the internet. Critics are saying that IMMO is just a way for crypto-elites to influence the crypto-market. People have gone as far as saying this is a Rothschild's attempt to impact and control the crypto ecosystem. However, most of it is speculation.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers

Cryptocurrency exchange Gemini is now expanding into the UK. The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after...

Stocks & Gold Getting Hammered But Bitcoin Fundamentals Do Not Support A BTC Crash to $7k

In another red day of the week, Bitcoin dropped to about $10,150 level. Just like the weak price performance, with BTC currently trading around...

People's Bank of China (PBoC) Testing Digital Yuan (DCEP) for Credit Card Payments

China has been aggressively developing its central bank-issued digital currency (CBDC), popularly known as digital yuan. As per the latest reports, the People's Bank...

Indian Crypto Exchange, Pluto, Pulls An Exit Scam on Investors; Making Off With $270K

A Delhi-based crypto exchange, Pluto, has allegedly exit scammed and stolen about $270,000 worth from 43 investors. The local reports suggested that the Economic...

Bitcoin Mining Legalized in Venezuela But Being Centralized with National Digital Mining Pool

Venezuela has fully legalized bitcoin mining. According to a recent decree from the National Superintendency of Crypto Assets and Related Activities (SUNACRIP), the use,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today