IUNO is using two classes of tokens:

1) The IUNIT: this is our utility token. It is used to pay for redemptions, fees and staking for the Masternodes/Block producers

2) Stablecoins: These are asset-backed tokens that are secured 1:1 by their respective Fiat counterparts. In other words for the USIU (US-$ pegged Token) for every issued token an equivalent amount of US-$ will be deposited in a trust account. When the stablecoin is redeemed the token is destroyed and the equivalent Fiat amount is paid out to the holder of the token. These deposits are daily reviewed by our auditor and audited at the end of every month.