Launched in 2019, IDK is a cryptographic token issued by IDK Foundation Ltd., a BVI trust company (No: BC2010749). IDK is pegged 1:1,000 to IDR, the Indonesian Rupiah, and is built on the Ethereum Network following the ERC20 token standard. IDK is a stablecoin aiming to promote the use of digital currencies in Indonesia, the largest economy in Southeast Asia. The team states that for every 1,000 Rupiah deposited into the IDK Foundation's appointed custodian, one IDK will be issued. Similarly, for every 1,000 Rupiah withdrawn from the IDK Foundation's appointed custodian, one IDK will be removed from circulation.