ECONOMIC OVERVIEW
Human capital is the main thing in economics knowledge. Why? Because it can create assets and economic value. Human capital has a concept about all labour is not equal after they get the ability, education, and experience. All of them is part of economics value for labour in the world. So, the inhabitant of a country is a big influence for a country itself. There is research said that seventy percent income of a country is controlled by twenty percent inhabitants. There is a correlation between the population in a country and the income.
The world of cryptocurrency develops rapidly following the need of a customer. So, it is very flexible. What makes it flexible? when the user feels a problem, the platform will fix it. When the user wants to operate cryptocurrency with a function, the creator will create it. That condition appears in almost country. It means that the creator of the platform is available in all country in the world. User needs kind of cryptocurrency exchange with some characteristics like safe exchange platform, advance, friendly easy to use and up to date following this era of blockchain technology. The user creates many accounts to get one purpose of reward. It can be a developing country, good economic country, and even a small country. This is happening in the Timor Leste, a country that ever is part of Indonesian country.
INVECH TOKENIZATION AND GENERALLY
In this country, there is a cryptocurrency exchange namely Invech. Invech is the first cryptocurrency and blockchain which is coming out from Timor Leste. This is a cryptocurrency exchange by Invech group. Many people called the local coin as IV (Invech Coins) that using the type of ERC-20. Invech license covering all cryptocurrency and blockchain framework like blockchain solution, ICO’s, mining farms, and cryptocurrency exchange. People in Timor Leste still build their country after declaring Independence Day. Invech becomes a media to economic of Timur Leste transform. It can be sustainable economics. Actually, Invech is derived from every letter, INVECH: Integrity, Nurturing, Value creation, Excellence, Competence and Humanitarian.
Invech has several missions to support their vision to improve blockchain technology for creating a thriving and stable digital economy. Invech will provide to train and educate the people to improve the livelihood. Invech introduces alternative currency by using IV or Invech Token. Invech offer consultancy and advice for government to use blockchain technology. Invech has a mission to reduce the jobless population in a country because the jobless can invest Inveh directly. It was born in Timor Leste, so Invech will be an improvement for Timor Leste in the part of human capital. It will also increase the local people capability of Timor Leste people. The invech token is kind of tokenization for agriculture and tourism. The control process is regulated with crowdfunding.
Mostly the purpose of Invest team in this exchange system is to develops the economics of Timor Leste by following this era when many people like to use economics digital with all benefit than using traditional economics
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Name: Ridwan.P
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