SendProtocol

SendProtocol, the token that guarantees the value and facilitates the exchange

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The main limit to the massive use of crypto coins is their volatility in the price, also called high speculation. This, in fact, involves the difficulty of an instantaneous change, given the price movement buffer within a few units of time, and above all it makes those who use them to be reluctant, because it is unpredictable if you go to make a deal or not . This limit is also common to large exchange sites that exchange fiat currencywith crypto coin. In order to cope with this problem, typical of Bitcoin, the Bancor team has thought of a project that guarantees a minimum price to its token, assigning value to the market. Despite the innovative idea, the project worked in half, because it had to deal with a period of very low liquidity that led to a collapse of the price even below the minimum guaranteed by the reserve. Therefore, Bancor teaches that it is not even possible to delegate to the market the definition of a stable price that makes a token less subject to speculation and volatility.

To overcome this problem and create an asset that is used as a value exchange, the project team SEND PROTOCOL has thought of a token ERC20, SDT, able to keep its price for a period of 7 days, after which it is updated. Everything is regulated by a smart-contract on the Ethereum blockchain, approved by the Coinfabrik LINK Company . The price is established by the Network Consensus according to the following matermatic formula:

That is, on the basis of the exchange volume of the previous week, which defines the supply / demand ratio, and based on the circulating tokens, it is possible to adapt the market price of the token by defining the increase. As you can see, the formula is not absolute and can be regulated in its variables by the Consensus Network , which is none other than a group of individuals active in the project and holders of SDT tokens, who vote (function also integrated into the smart contract ) for the definition of the price defining the constants, on the basis of further economic indicators deduced from the historical series of the most famous crypto-coins, such as Bitcoin.
The initial price is defined during the financing phase of the project, ie during the current ICO, according to the following formula:

Therefore, as the ICO comes to an end, the price of each token will tend to increase. To this mechanism is added a second that rewards the first investors on the basis of the following formula:

The currency has already been used, serving the WeSend platform ( LINK ), part of the project itself. On this platform you can exchange tokens with SDT currency fiat and allow money transfer fiat instantaneously and with very low cost, thanks to the use of the SDT token that becomes an instrument to send the same ( Escrow System ). The use of the SDT token, in fact, guarantees the parts that exchange fiat currency exploiting the Ethereum blockchain through a smart-contract. Despite this, the group of individuals that make up the Consensus can migrate to another blockchain if there is one with a higher performance.
To this platform are added other partners interested in the transfer methodology, who have agreed to implement the exchange with SDT, such as puntored ( LINK ), ePayco ( LINK ) and cryptobuyer ( LINK ).

These synergies and the presence of a platform like WeSend already active with its own pool of provable transfers, give value to the SDT token because it is recognized by the parties as an object of exchange.

In addition, to speed up the use of the token, the Consensus votes to divest part of the tokens available to interested users if they can provide an advantage to the user community. In fact, an SDT token award system is also provided for developers who decide to implement the SDT token as an exchange currency.

As I said, the ICO is in place after passing the pre-sale phase. Of all the planned tokens, equal to 700,000,000 SDTs, only 231,000,000 SDTs are offered for sale. Those who bought pre-sale will have the tokens blocked for 3 months, those who invest now can only buy the tokens available daily. In fact, every day there is a token pool with its own price. Tokens not sold daily are automatically burned. Tokens for advisors and developers are blocked for 7 years.

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The project is scheduled to be launched for the third quarter of 2018, together with the issue of tokens. Once released, the price will be set every Monday according to the formula above.

The possible scenario for those investing in this project is that the price of the token has a gradual increase, proportional to its use. The partnerships signed and a platform dedicated to the exchange are an important point of the project that guarantees its usefulness and defines a growth horizon.

For more information visit: 
Website: https://www.sendprotocol.com/
Whitepaper: https://www.sendprotocol.com/documents/whitepaper.pdf
Onepager: https://www.sendprotocol.com/documents/onepager .pdf
GitHub Channel: https://github.com/SendProtocol/sdt-contracts
Telegram Channel: https://t.me/joinchat/F3htKg7MOesED8NTNBHn9A
Medium Channel: https://medium.com/@sendprotocol
Facebook Profile: https: //www.facebook.com/SENDprotocol/
Linkedin profile: https://www.linkedin.com/company/27107659
Twitter profile: https://twitter.com/sendprotocol

Statement of limitation of liability: this is a personal article containing my opinions and therefore can not and should not be considered a financial council.

Bitcointalk username: warulor

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