General

What is Internet of Coins?

Currently, a decentralized, simple, safe and secure wallet for your cryptocurrencies. The Internet of Coins wallet currently supports 31 blockchains and 387 tokens. You can try it here!

In the future, the Internet of Coins client will also offer a swap between cryptocurrencies and tokens.

How decentralized is the Internet of Coins wallet?

There is no storage of logins and passwords (so do not loose them!). The settings of your wallet are stored in a decentralized manner on de nodes in the network.

The wallet is designed for decentralized use. This means it is designed to run on your own computer. Everybody can download the node and contribute to the decentralized network. The web wallet (which is available on this website) is slower in use, because all people using the web wallet connect to a smaller set of nodes. If to many people log in at the same time, the nodes are overloaded and cannot display balances.

What is a HYBRID token?

HYBRID tokens serve mainly two purposes.

First of all, they provide a coherent store of value across multiple blockchains, diversifying risk.

Secondly, they serve as the vehicle to swap value between the different chains a HYBRID token is registered on. This will allow you to swap value with users without the need for a centralized external third party.

Internet of Coins wallet

Getting started

Head over to https://wallet.internetofcoins.org/ on your Windows, Mac OS, Linux, iOS or Android device. If you have not created a wallet yet, you can do so by clicking “Create a new account”.

Follow the instructions to generate your unique Account ID of 16 characters and a high-security password of 48 characters.

Please save these login credentials in a secure place. If you lose them, you cannot access your wallet ever again. We are not able to recover the keys for you!

How do I use the wallet?

Accessing your wallet

Enter your credentials to sign into your wallet. You will see the list of assets you added to your wallet. If you log in for the first time, you will see BTC and ETH displayed.

Make tokens visible

The wallet contains more than 300 different tokens. This means you have to select the tokens you want to be visible in your wallet.

  1. Click Add wallet;
  2. Select assets you would like to add;
  3. Save changes.
Add cryptocurrencies and crypto-assets to your wallet
  1. Click on the token of which you want to receive assets into your wallet;
  2. Select the Receive button. Your wallet address of the currency or asset is displayed on the screen, together with a corresponding QR-code;
  3. Head over to the wallet or exchange where you have currently stored your crypto-assets and send them to the address displayed;
  4. In the next few moments, the crypto-assets will be transferred to your Internet of Coins wallet.
Send cryptocurrency and crypto-assets from your wallet
  1. Click on the token of which you want to send assets;
  2. Select the Send button;
  3. Enter the target address and the amount you would like to send. The network fee for processing the transaction is displayed;
  4. Press Send.
How do I check my current balance?
  1. Make sure all the cryptocurrencies you hold in the Internet of Coins wallet are added to your wallet;
  2. The system will calculate your current balance.
How do I log out?
  1. Go to the menu in the top right corner;
  2. Scroll down and log out.

How can I customize my wallet?

When you have set the basics of your wallet (the assets), you can further customize your wallet. In the menu in the top right you can:

  1. Add contacts;
  2. Change the currency in which the current value of the assets is shown. This is standarized in USD, but you can change this into the currency you like.

How do I run the wallet on my own computer?

The web wallet is slower, because the wallet is build to be used decentralized. This means you download the node and run the wallet on your own computer. In this way you support the network and use the wallet in the most convenient way. You need a terminal to run your own node, so this is possible in Linux and Mac, but harder on Windows.

  1. Go to the latest version of the node;
  2. Click Download;
  3. Unzip the file;
  4. You will now find the folder node;
  5. Store the folder in a convenient place (like Programs);
  6. Go into the folder node and open a terminal;
  7. Make sure the terminal is in the folder node. This is shown by the terminal directory ending on /node;
  8. Type ./hybrixd and press enter;
  9. The node starts running. Click yes for it to continue;
  10. Now you can go to a browser and type http://localhost:8080/
  11. Log into your wallet, like you did in the webwallet;
  12. When you log out of the wallet you can stop the node by going to the terminal and pressing Ctrl-C.

Next time you want to use your wallet on your own computer, you can follow the steps 6 till 12 again.

I cannot log into the wallet

If you cannot click the Sign in button, the Account ID and Password are incorrect. Please, make sure the Password is correct. In the Password, the numbers "0" and "1" are never used; instead the capital letters "O", "I" and "L" are used.

If you still cannot log in, try clearing the browser's cache and/or try using a different browser. Some users have experienced issues with Safari on iOS and macOS.

Which browsers does the wallet support?

First, using the Internet of Coins wallet requires JavaScript. Furthermore, a up-to-date browser is required. If your browser is not supported, you will receive a notification when trying to open the wallet. When this happens, you can download or upgrade your browser to the latest version of Firefox, Chrome or Safari.

Why did my current balance disappear (N/A)?

Sometimes your amount can seem to disappear in the current wallet. The wallet will display 0 or N/A. This means the API for that blockchain is too busy to respond.

Some cryptocurrencies have this more than others. For example: Counterparty (XCP) and Omni (OMNI) often respond very slow. Your tokens and coins are not gone. They are still there, and can be sent when the blockchain responds again.

If you want to check the amounts of your assets in the meantime you can check your addresses in the different block explorers.

  1. Click on the asset you want to check the balance of;
  2. Click on Receive;
  3. The address of the asset is shown. Copy this address;
  4. Go to a block explorer of the asset you are looking for (you can find a lot of explorers per asset on www.coinmarketcap.com);
  5. Copy the address into the explorer to see the balance.

For a faster use, you can run the wallet on your own computer.

What are the fees for using the wallet?

We do not charge fees for using the wallet. The fees for transactions are the transaction (or network) fees that the network imposes on transactions.

For example: when you want to transfer ETH from your Internet of Coins wallet, a transaction fee has to be paid to the Ethereum network. Your Internet of Coins wallet calculates this fee automatically.

This is also true for tokens. When you want to transfer ETH.XHY (or any other token distributed on the Ethereum network), an ETH fee is imposed to pay the Ethereum network for the transaction. This means you need to have ETH in your wallet to pay for an ETH.XHY transaction.

The same is true for the other blockchain systems supported in the wallet.

Is my financial data safe?

Yes. Because of how the system is built, we can not have access to your financial data. All your keys and data are created client-side, and only stored where you write them down. We can not see what’s in your wallet and your password is never sent over the network.

Which cryptocurrencies and tokens are supported by Internet of Coins?

Currently, we support over 380 different coins and tokens. To see an up-to-date list of supported tokens and coins, create a free wallet and click Add wallet. We are blockchain agnostic and will continue to adapt new coins, tokens and blockchains. We believe in a diverse and plural crypto-ecosystem and want to support as many blockchains, coins and tokens as possible in our decentralized network.

What is the difference between Internet of Coins and decentralized exchanges?

Internet of Coins will facilitate inter-blockchain swaps. You will be able to swap for example Ethereum for tokens on the NXT chain and vice versa. This will improve liquidity and accessibility to blockchain initiatives across all projects.

Another difference is that we do not store your data and coins: only you do. We have developed Internet of Coins so that we are not physically or digitally able to access your wallet or your data. The device you use will function as a node in the network.

Next, all code is open sourced and donated to the public domain via the Commons Conservancy.

Internet of Coins is held accountable to how collected funds are being spent by the appointed NGO, the NLnet Foundation. This is to safeguard donations made to the project; to make sure the funds are spent in a responsible manner.

Can I put tokens and coins from different blockchains together in one wallet?

Yes! All supported crypto-assets can be stored in one Internet of Coins wallet.

Are mobile devices supported?

Yes. Currently, the Internet of Coins wallet is accessible for iOS and Android devices in your browser.

How fast will transactions be?

Transactions will be as fast as the slowest underlying blockchain transaction time. So transactions between different Ethereum tokens on the Ethereum blockchain will take (according to Ethereum) at this time of writing roughly 20 seconds.

Facilitating inter-blockchain transactions is one of the features we are working on (i.e. Litecoin to Ethereum, or vice versa). They will take as long as the slowest blockchain of the two. For example Litecoin has a transaction time set of 2,5 minutes. In case of a transaction between Litecoin and Ethereum, a transaction will take a minimum of 2,5 minutes.

Can I use the Internet of Coins wallet on iOS or Android devices?

Yes. You can use our wallet on iOS and Android in your browser.

Did you find anything not working correctly? Please let us know!

Technology

Is the number of supported blockchains in the Internet of Coins wallet limited?

No. You can track the supported tokens and coins when you click Add wallet inside the wallet.

Some popular ones are Bitcoin (BTC), Ethereum (ETH), Counterparty (XCP), NXT Platform (NXT), New Economy Movement (XEM), Waves Platform (WAVES) and BitShares (BTS).

We are blockchain agnostic: by that, we mean that we will make the platform accessible to all crypto-assets and blockchains. We believe in a diverse and plural crypto-ecosystem. We want to support all non-proprietary blockchains and tokens on our decentralized network.

Will Internet of Coins eventually support all cryptocurrencies?

If it would be up to us: yes!

Right now, we have made standardized recipes to make it easy for blockchain projects and crypto-assets to be implemented in the wallet. We are blockchain agnostic, we do not discriminate between projects.

I know or have an awesome blockchain project. How can we be included in the Internet of Coins wallet?

The easiest way is by doing a pull request on the GitHub or to send us a message on Slack. If the blockchain you are using is not supported yet, please send us a message via Slack so we can look into incorporating your initiative.

The 2017 crowdfunding campaign

When did the initial crowdfunding for the project take place?

Between March 21st and June 21st, 2017.

How do you manage your funding?

We store most donations to the project in various cryptocurrencies. We believe in a positive future for the cryptocurrency sector.

The NLnet Foundation holds Internet of Coins accountable for how donated funds are spent. This is to safeguard the donations made to the project.

You can publicly track the state of our reserves at the following donation addresses:

If you do not see the full table, try scrolling horizontally.

DAI0x9Ce12787C1Bf999E7cC34685429F026d4cbb785e
DAI0xf443c059B5366EbEacb8389E266E967e864289a0
BTC14aV8dULoL67i6xQncfmFsbFaEtpRKskC2
XCP1BshWVmV1o4ZPWRvTGVMGsXMmQaV1qAouw
ETH0x197A920123DDa17040A065457Ef0c01B28A54045
NXTNXT-FCXQ-K5NB-EA5E-CF36G
XEMNB6TCTRBT7KUN5T5337LBSBIAYHL375VHCFZNOAU
WAVES3P6xW7z9rjfGcoTeEiitoWfHWMbZ5j2GZkN
BTSinternet-of-coins

What happens to cryptocurrency donations?

Funds are primarily used to compensate team members, software & hardware expenditures, legal and financial assistance, marketing and development bounties. Before crowdfunding started in 2017, developers and team members have been compensated by the Dutch SIDN Fund (1, 2).

What is HYBRID and how does it work?

The HYBRID is a set of blockchain agnostic tokens, issued by Internet of Coins. They mainly serve two purposes.

Basically, HYBRID tokens will serve as a vehicle to 1) swap value from one blockchain to another without a centralized party and 2) diversify portfolio risk across different blockchains.

First of all they provide a coherent store of value across multiple blockchains, diversifying risk. Secondly, they will serve as the vehicle to swap value between the different chains they are registered on. This will allow you to exchange value with users without the need for a centralized external third party. The network can split and divide escrow transactions, swarming them over network users to confirm transactions.

Why is HYBRID not listed on CoinMarketCap or a comparable index website?

HYBRID is a utility token for the Internet of Coins open platform. The platform is not publicly available yet, so there is no traffic from the platform yet to be tracked by CoinMarketCap.

What is XHY?

XHY is the tracker for our HYBRID token on the different blockchains.

Where can I find HYBRID tokens?

The HYBRID tokens are released on a range of blockchain systems. For example: Bitcoin (BTC), Ethereum (ETH), Counterparty (XCP), NXT Platform (NXT), New Economy Movement (XEM), Waves Platform (WAVES) and Ignis (IGNIS).

For every blockchain, a compatible HYBRID token is released.

For example: The HYBRID token on Ethereum can be found under the tracker XHY/ETH; the HYBRID token on Waves can be found under HYBRID/WAVES.

If you do not see the full table, try scrolling horizontally.

BlockchainTrackerAddress
EthereumXHY/ETHContract address*: 0x2F4BAeF93489b09B5e4b923795361A65a26F55E5
Bitcoin/OmniHYBRID/OMNIProperty ID: 142
Bitcoin/CounterpartyHYBRID/XCPIssuer: 1KWsPEb3bp7nQuodUtZYHQsXmBCDZ9dtPz
IgnisHYBRID/IGNISIssuer:
WavesHYBRID/WAVESIdentifier: 4BAkbmAhaTN5BFBD1WjTLS3ijrDmH9XCz4twnhr3HQum
NXTHYBRID/NXTAsset-ID: 17179021398403681515
Issuer: NXT-FCXQ-K5NB-EA5E-CF36G
NEMHYBRID/NEMNamespace: internetofcoins

*Our old contract has been deprecated. It was listed at 0xb0ef360dcf2141be4fad80209b3fee31d5ae5df6.

On which exchange can I find HYBRID tokens?

HYBRID tokens can be sent and received on the respective blockchain. For example: ETH.XHY is an ERC20 token and can be sent to any Ethereum wallet. (HYBRID is a utility token.)

How can I get HYBRID tokens?

During the 2017 crowdfunding campaign, users could receive HYBRID tokens as a reward for their donations, to use in the upcoming Internet of Coins platform. We do not provide these anymore, but you can swap them with others.

What is the supply of HYBRID?

The total supply is 7,000,000 HYBRID. This will be split into two parts: distribution to the donors and a reserve for the crowdfund rewards. The residual will be burned publicly.

The distributed amount forms the circulating supply within the Internet of Coins decentralized exchange. The total circulating supply for HYBRID is just over 900,000 HYBRID. As of writing, this amount is to be distributed over 7 different blockchains.

10% of the circulating supply will be kept as a reserve for the crowdfund rewards.

How does the 2017 crowdfund reward allocation work?

The reserve for crowdfund rewards will be used to reward 2017 crowdfund donors, provided that the project can proceed as planned. Crowdfund token holders receive crowdfunding rewards in the three years following the fundraiser.

  • In 2018, 5% of reserved tokens
  • In 2019, 3% of reserved tokens
  • In 2020, 2% of reserved tokens

In addition, donors from the 2017 campaign receive 5% of the tokens for every new blockchain asset system officially hooked up to HYBRID by the Internet of Coins team.