Send protocol: The first coin for mass adoption

fitsaintbig (26)in #cryptocurrency • 6 years ago (edited)

The 21st century will forever be remembered as the century that ushered in one of the most disruptive technologies in the history of mankind: the blockchain. The breakthrough of this technological phenomenon continues to revolutionize all spheres of human endeavors. We live in an era that is increasingly influenced by technological advancements. Their roles and importance in our daily lives have become increasingly more meaningful and, in many cases, inseparable.
With real technological advancements birthed by the advent of the blockchain technology, mind boggling developments of real time solutions to the world's problems have not ceased. However we have not yet a platform that uses a blockchain based coin to address the three principal challenges stand in the way of massive adoption of cryptocurrencies: namely

volatility,
speculation, and
a lack of user-friendliness.

Send (SDT)will be the first digital currency that addresses these challenges through price consensus.

This is the era of mass adoption the digital currency world has been waiting for has arrived with SDT iѕ a сrурtо сurrеnсу thаt iѕ designed for еxсhаngе rаtе dесiѕiоnѕ and high vоlаtilitу.

I honorably enjoin you to kindly seat tightly to enjoy this mind -boggling exposition of one of the best projects in the world to invest in a platform thay will contribute to the creation of the future by designing a token with temporary price stability for daily use. A golden token that allows every one send, store, pay and exchange value, without volatility risks.

DESCRIPTION OF THE SEND PLATFORM, SEND PRICE CONSENSUS MECHANISM AND SEND CONSENSUS NETWORK:

Through our years of industry experimentation and investigation, thoughprovoking discoveries of the three major obstacles hindering the massive adoption of cryptocurrencies as a key exchange instrument for cross-border transactions:

High volatility leading to uncertainty of the real exchange rate value,
a highly speculative environment and
lack of user-friendly tools for non-technical users to manage BTC transactions.

It is critically necessary to develop a new type of digital asset , network and consensus mechanism that addresses those challenges highlighted above.

The Send Ecosystem holds all types of applications including ATMs, wallets, the blockchain and third-party solutions to make cryptocurrencies easy to us

SEND PLATFORM and EXPLANATION OF SDT USE USING WeSend

The platform of Send project is the WeSend platform.

Wesend.co will allow the use of SDT to be used to remit, store , transfer any form of value worldwide

SDT tokens can be exchanged on the WeSend platform, allowing immediate and secure money transfer with scalability paving way to serve as a tremendous gate payment option across the globe. The value of the SDT token comes with a game like WeSend with its pool. It is recognized by stakeholders as a shareholder. They also have programs that can benefit the user community. Indeed, an SDT token is provided for the developers who decide to execute the SDT token exchange.
It is a P2P money exchange network

SDT will based on Ethereum, WeSend on the plattorm has its own application currently being developed ending the first asset using send (SDT). The specialty of this is the WeSend application that offers the ability of third parties to deal in multiple transactions with high security without third parties. There are no limitations on sending money. The application is free of any borders worldwide with no atom of restrictions or whatsoever.

EXPLORATION OF NEW SDT USE CASES

The potentials inbuilt in SEND is unlimited
The SDT token is a new digital asset designed to work as the official unit of exchange in the WeSend P2P marketplace and the Send consensus network applications. SDT token is based on Ethereum’s ERC20 token standard.

To mention but a few, it is captivating to know that othеr partners intеrеѕtеd in thе money transfer doctrine such аѕ puntored, epayco аnd сrурtоbuуеr have аgrееd tо implement the еxсhаngе with SDT looking forward to seeing WeSend platform cutting edges in the history of merchants platforms across the globe

It will also be possible on the platform to exchange SDT tоkеnѕ with fiat сurrеnсу аnd allow fiаt сurrеnсу trаnѕfеr in an immediate with speed following the suit if the speed of light wау аnd with vеrу low transaction fees.

AMAZING ESCROW SYSTEM FEATURE:

Escrow Sуѕtеm feature on the Wesend platform is a phenomenal deserving all manners of accolades

Transactions made through the escrow system can be signed with an exchange rate if escrow address is a verified address in the Consensus Network.

SEND PRICE CONSENSUS MECHANISM:

This breathtaking mechanism discovers a stable price, based on the Send Consensus Network’s transactional growth and its liquidity indicators

The mechanism that will expand unit of exchange value and define its price is the SDT Consensus Price Formula

The time frame during which the unit of exchange price is maintained is defined as the SDT Consensus Period.

The SDT network will compute consensus prices weekly based on the network’s liquidity indicators.

The Send Consensus Network is composed of recognized marketplaces, associated financial systems, and applications that recognize the reference price as a minimum SDT trading price.

This phenomenal send consensus mechanism doesn’t mean a fixed exchange rate economy, as outside of the Send Consensus Network, SDT is not subject to are not subject to any form of price restrictions Establishing a minimum exchange rate based on the network’s overall liquidity could eventually lead to arbitrage opportunities—in this scenario, as long as there is enough liquidity in the Send Consensus Network markets, arbitrage will act as a stabilizing influence, restoring economic equilibrium and bounding price within a range established, in part, by such arbitrage.

This is equivalent to the ERC20 standard transmission mechanism

The consensus price being computed will b based on a logarithmic function and the network’s liquidity measure, in order to regulate the weight of each price change, we computed a constant based on our target market capitalization.

It is note worthy that price valuation mechanism for reference price will only start to be applied after the first week with a transaction volume equal or higher than 3.78% of the collected token proceeds amount in USD.

The SDT token using a price consensus mechanism supported in the interactions of the individuals and organizations who comprise the Community.

WHY SEND SHOULD UNDOUBTEDLY BE YOUR NEXT INVESTMENT OPTION

Send replaces volatility with a transparent Consensus Price mechanism based in network liquidity for stable use within a network of integrated Apps

Using SDT Send (SDT) is designed to generate stability, liquidity, and ease of exchange for the mass public during each consensus period.

SEND beautiful features are intended to convert a peer-to-peer digital asset into a predictable currency of increasing value with low volatility risks.

Send as a digital currency and exchange instrument with liquid value

This being said, it will facilitate efficient money transfers, currency exchange, savings, and payments.

All these will be achieved meticulously by exploring

SDT as a concept
SDT as an asset
Power of community

4.Mass adoption

5.SDT as money

A STUNNING ANALYSIS OF SDT TOKEN DISTRIBUTION MODEL

Total token supply: 700,000,000 SDT

Public distribution cap: 231,000,000 SDT

It is noteworthy that actual token supply is not assessed until the token distribution is completed
After the token dispensing, true coins depend on the supply of token delivery.

The SDT digital tokens will be distributed by a token generation process

Token will be distributed in two stages

Distribution Stage 1 - Pre-sale

• Cap: up to 70,000,000 SDT
• Timeframe: Runs on Q2 2018
• Price: Tokens sold at a fixed price 0.14 USD/SDT + F&F bonuses
• Vesting: 3-month vesting.
• Coins accepted: Ethereum (ETH)
• Unsold tokens burned

Distribution Stage 2 - Continuous supply offering

• Cap: 161,000,000 SDT
• Timeframe: Runs for 365 days, starting on Q2 2018
• Price: Dynamic; starts 0.20 USD/SDT and sold at SDT Consensus Price Formula
• Vesting: New token pool vests every day (441095.89 SDT/day)
• Coins accepted: Ethereum (ETH)
• Unsold tokens will be burned at the end of each day (23:59:59 EST)
Remaining tokens will follow the vesting model outlined below:
• WeSend Foundation: 7 year, linear vesting.
• WeSend Corporation: 7 year, linear vesting.
• Team: 4 years, linear vesting.
• Advisors: 3 months, linear vesting.

SEND ICO DETAILS:

Platform: Ethereum
Standard: ERC20
Quantity: 700,000,000 SDT
Price: 1 SDT = 0,20 USD
Payment:
ETH

The cap is defined in terms of Send Tokens (SDT) with a cap of 231,000,000 SDT, 70,000,000 SDT for the 1st stage and 161,000,000 SDT for the 2nd stage.

Soft cap: no
Hard cap: 231,000,000 SDT
PreICO

Quantity: 70,000,000 SDT
Beginning: 01.06.2018
Completion: 30.06.2018
ICO

Quantity: 161,000,000 SDT
Beginning: 15.07.2018
Completion: 14.07.2009
Bonus:
up to 10% of the Distribution of tokens

N.B: As of the time of writing this article presale is currently on and is hot likewise as almost SDT token sacrosanctly pegged for presale is more than a half purchased

Meet the team of SEND:

The Send roadmap and plans for future development:

Various deveopments are currently in place pushing SEND to achieve its vision of mass adoption

Send Foundation and WeSend activities will start as the Send (SDT) Network reaches certain transaction volume milestones which have begun incipiently already
Year 2017

Token development kicked off last quarter of the year with token development