The Questions & Answers / Ask-me-anything session with IDALL founder & was conducted on April 28th, 2020 on Hotbit.io exchange’s official telegram community

Daisy (Hotbit.io host):

Hi
Everyone! Today, we are very honored to invite the funder of IDALL,Mr. Lim Yonghoon to come to our exclusive live streaming event in our official Telegram channel and bring all of our users with further in-depth information on IDALL. At the same time, there are also prize-winning questions and answers, come and join us! Please let Mr. Lim say hello to everyone first!

Lim Yong-hoon(IDALL founder):

Daisy (Hotbit.io host):

Here is our online interaction session today. Online interview,a total of 11 questions,let everyone know more about IDALL

Below we are ready to start! are you ready?

Lim Yong-hoon(IDALL founder):

Daisy (Hotbit.io host):

Q1: What is the IDALL and what problem IDALL is trying to solve

Lim Yong-hoon(IDALL founder):

IDall is the only Decentralized passwordless One ID crypto ecosystem in the world. We always promote “One ID all Pass” in the hope of realizing this. “One ID all Pass” is also our slogan.

IDall is a platform that connects the Internet, blockchain, and cryptocurrency to each other. And the connection process is improved with our innovative security technology called PASSCON. Not only is this connection all possible with a single ID, but it can be used with only one PASSCON authentication key and is secure from hacking. IDall is also a crypto ecosystem that circulates through the token economy. Users will receive rewards as well as easier and safer cyber lives by participating in the IDall ecosystem. The ecosystem creates added value, and the added value is shared by participants with various rewards. As the ecosystem grows, the value created and increased will be reflected in the token.

Daisy (Hotbit.io host):

Q2: You have a unique security technology? Would you explain PASSCON?

Lim Yong-hoon(IDALL founder):

No one knows what letters or numbers actually match the patterns or PINs or icons you enter on the PASSCON personalized image dashboard. That is, the user thinks and inputs the PIN as “111111” as in the old days, but the actual value entered is not 111111. Therefore, it is very safe. It is no wonder that it is more convenient than a password. In addition, PASSCON is equipped with additional technology that neutralizes the hacking attempt of an attacker. It is a natural random number made from photo files. No one in the world can take the same picture twice. So, creating a natural random number with a photo and combining the natural random number with a PASSCON authentication key is the most secure security technology.

Daisy (Hotbit.io host):

Q3: It is very interesting. But isn’t biometric authentication a technology that can remove passwords?

Lim Yong-hoon(IDALL founder):

That’s right. Keep emphasizing “Reduce”. “Remove” cannot be emphasized. The reason is simple. After storing biometric information on a smartphone, there is no need to use a password. However, it becomes a problem after the stored biometric information is erased, deteriorated, or when a new smartphone is purchased. This is because the web/app cannot know who the newly registered biometric information is. So, the user must enter the password again and authenticate it. But the user can’t remember. A very difficult situation happens. After all, biometric authentication does not remove the password. Security is also a concern. This is because the attacker will attack the password, not the biometric information. Therefore, in order to remove the password, it is best to sign up with PASSCON and register and use biometric information. We will be adding biometric authentication to IDall.

Daisy (Hotbit.io host):

Q4: Is IDall currently in development? What applications are you planning to add in the future?

Lim Yong-hoon(IDALL founder):

Very convenient and user friendly. The user may not know how complicated and difficult the program is. Without a keyboard and natural random numbers working in the background, it would be very difficult for an attacker to hack. Using PASSCON alone will make it possible for an attacker to find another target that uses a password.

As shown in the video, we have completed the development of PASSCON technology. Our IDall project is not a theoretical project that relies only on white paper. This PASSCON technology is itself a security solution that can be sold to many companies. As more and more people use our IDall service and our trust increases, we are confident that not only individual financial institutions but also large global companies will adopt our PASSCON as their security solution.

IDall app is currently providing Password Manager Service using PASSCON security technology. This is a transitional use as we can’t remove all of the passwords right away. There are a lot of competitors that offer similar services and the fees are very high, over $ 12 a year. We will apply IDall tokens to this service to make it almost free. And we will add cryptocurrency wallet service. Crypto fintech must be activated to enable true blockchain industry development. To do that, we need a very easy and secure wallet. The wallet with PASSCON will be the simplest and safest wallet in the world. And by combining the IDs of smart contracts and IDall, we will ultimately add the one ID login feature we want to achieve. Every time these applications are developed and deployed sequentially, IDall’s ecosystem value will continue to increase.

Daisy (Hotbit.io host):

Q5: How can PASSCON and blockchain be connected?

Lim Yong-hoon(IDALL founder):

The reason this concept is innovative is that authentication information can be shared in the public chain. It is also compatible with all mainnet blockchain networks that support smart contracts. In other words, IDall is a multi-blockchain platform. Nevertheless, we don’t need to create a mainnet. As such, it is not necessary to develop a mainnet while using a multi-blockchain platform, thus saving a tremendous amount of money. Not only does it save money, but it is also very beneficial to spread the ecosystem. It is also a tremendous benefit that there is no fear of being hacked because the password disappears and the authentication information is not stored or stored by WEB / APP. IDall’s one ID all Pass platform is innovation itself.

Daisy (Hotbit.io host):

Q6: You mentioned the ecosystem, how does IDall’s ecosystem work?

Lim Yong-hoon(IDALL founder):

Daisy (Hotbit.io host):

Q7: Do you think the wallet is the most important thing for the development of the blockchain industry? Please explain why.

Lim Yong-hoon(IDALL founder):

Daisy (Hotbit.io host):

Q8: You have a very attractive ecosystem design and technology. But isn’t marketing the key to success?

Lim Yong-hoon(IDALL founder):

Naturally, marketing is important. Moreover, it is essential to have a very wide range of users. This is also a difficult task for all blockchain ecosystems to pass. Fortunately, however, we have the answer. The first reason to install Password Manager Service in IDall is to gather real users who will participate in the initial ecosystem. In this market, competitors are already generating $ 200 million in annual revenue for 200 million downloads. In the Password Manager Service market, we have a competitive edge. It is a convenient and safe service based on the price of only 1/12 and PASSCON.

And it is a strong community. Our community is booming and has high loyalty and support. I hope you visit and join our community @idalluser This means that everyone agrees that they should solve the password problem. And it means that the IDall project is confident that it can be realized step by step. If IDall service will launch wallet and one ID service after Password Manager Service, we do not doubt that our community will become a mass user group. In addition, we expect synergies to sell PASSCON security solutions to the B2B market based on many users.

Daisy (Hotbit.io host):

Q9: A big difference of IDALL is that it already has a working product before listed on exchange. Why you guys choose to have a product first before listing on exchange?

Lim Yong-hoon(IDALL founder):

Daisy (Hotbit.io host):

Q10: Could you tell us about issuing and distributing tokens and future strategies?

Lim Yong-hoon(IDALL founder):

IDall tokens are ERC20 with 1 billion issued. It will be distributed 20 million or 2% out of 1 billion, including the amount listed on this Hotbit. In other words, issued tokens will be distributed in a strictly controlled range to maintain prices. In the long term, we will also collect and burn tokens. Funds to buy back tokens are of course raised by the generated revenue. We believe the day will soon come when we can sell PASSCON solutions to the B2B market. If enough profits are generated, we will buy back and burn a portion of the market, as well as the remaining tokens.

Then you might be wondering why you have issued 1 billion from the beginning. It is to realize the real-life ecosystem in which IDall tokens are used for payment services. If this is achieved, the amount used for payment remains in the consumer’s wallet and does not appear on the exchange, which is rather advantageous for the token price. If the issued quantity is too small and the price is too high, it is difficult to use for payment service. That’s why 1 billion was issued to prepare the supply to be used for payment. The contract has been programmed so that further issuance of tokens is not possible.

Another feature is a large number of airdrops in the token distribution. This is used for promotion for app download. The distributed airdrop tokens are burned when collected at the app usage fee. Airdrop for promoting app downloads is a very small amount of tokens for each individual, making it difficult to sell in the market. The wallet function of the IDall app is activated and the tokens are burned after being paid for

Daisy (Hotbit.io host):

Q11.Hotbit will openIDALL trading tomorrow, and we saw the IDALL community is very excited and looking forward to this cooperation. Do you have any good news to share with the community?

Lim Yong-hoon(IDALL founder):

I did a really glorious AMA. I greatly appreciate all the members of the Hotbit community who have listened so far. And I sincerely hope that it has been informative. If you have any questions, please feel free to visit our @idalluser community and ask my CM or me. We, IDall, promise to grow and develop greatly through meeting and cooperation with Hotbit. Thank you. May everyone be happy in a passwordless world. Please stay tuned for Hotbit and IDALL, as well as staying tuned for our listing and Staking activities.

#IDall #Password #Blockchain #Passwordless #PASSCON #DecentralizedID #DID #oneID

Website: https://idall.biz/

Telegram user community: https://t.me/idalluser

Telegram news channel: https://t.me/idalluser

Medium: https://medium.com/@idall

Brunch: https://brunch.co.kr/@idall

Naver: https://blog.naver.com/gcodPASSCON

Facebook: https://www.facebook.com/PASSCON/

Facebook Global Page: https://www.facebook.com/IDallGlobal/

Facebook Korea Page: https://www.facebook.com/IDallKorea/

Linkedin: https://www.linkedin.com/in/PASSCON/

Youtube: https://youtu.be/_ZRDWvhSewA

Twitter: https://twitter.com/idall2

Android App: http://bit.ly/IdallAndroid

iOS App: http://bit.ly/IdalliOS

Passwordless one ID secure world

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