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I/O Coin is an ongoing open source blockchain ecosystem project currently being developed by a team of Freelance / volunteer blockchain and security experts. In July 2014 I/O Coin (IOC) launched without an Initial Coin Offering (ICO) or pre-mine. IOC was fairly launched via mining, using a sophisticated cryptographic hash in Proof of Work (POW) X11 algorithm, before switching to Proof of Stake (POS) soon after to secure the blockchain. IOC has focus on security, global adoption and scalability.