SEND
Nyosophttps://bitcointalk.org/index.php?action=profile;u=1876033
Hello, my friends. Today we will talk about the project Send offers stability and predictable growth, Send (SDT) solves three problems that prevent the introduction of cryptocurrencies: speculation, volatility and lack of user convenience. Send (SDT) is a viable cryptocurrency of the future, formed by consensus.
SDT maintains a stable price for fixed consensus periods, preventing volatility losses and allowing users to trade with confidence in earnings. The new SDT consensus price is determined at the end of each Consensus period.
Signing transactions
The SDT liquidity formula is transparent to the public and offers third-party applications the advantage of anticipating network growth and predicting price movements.
The consensus price SDT is an official partner that allows you to efficiently share online Send Consensus. Network stability attracts users, providing real value through real demand. It's time to tell a few words about the ICO Platform: Ethereum
Standard: ERC20
Quantity: 700,000,000 SDT
Price: 1 SDT = 0,20 USD
Payment:
ETH
Soft cap: no
Hard cap: 231,000,000 SDT PreICO
Quantity: 70,000,000 SDT
Beginning: 01.06.2018
Completion: 30.06.2018
Bonus:
Thirty%
ICO
Quantity: 161,000,000 SDT
Beginning: 15.07.2018
Completion: 14.07.2009
Bonus:
up to 10% of the Distribution of tokens
Built-in escrow system
Sales (33%)
Transaction costs (1%)
Pool rewards (10%)
Joint stock company (24%)
Fund (25%)
Team and advisors (7%)
The token is a digital asset designed to represent a stable and dynamic price consensus generated
from a liquidity discovery process.
Unlike current digital assets, which are governed by floating prices defined by unregulated
markets that are very susceptible to speculation, demand manipulation, and high volatility, SDT
is tied to a price consensus mechanism that defines the representative value of this digital asset
within the Send Consensus Period. Initially, the SDT is expected to implement the ERC20 token
standard and exist on the Ethereum public network. The SDT implementation will serve as the
reference token for the Send community. The Send foundation maintains the right to migrate to a
completely new blockchain protocol that reinforces SDT and Send Consensus Network features.14
During the liquidity discovery process with the ERC20 token the Send Foundation will assume
the following responsibilities:
• Monitor and report about the conditions to join the Send Consensus Network.
• Audit Consensus Network members in order reduce the risk of price manipulation.
• Publish, maintain and update the price consensus formulas and algorithms.
• Use the rewards pool to incentivize the use of the Send (SDT) token through a system of
open and public rules.
The Send token will implement special features that will enable a fully transparent transactional
ecosystem. SDT implements ERC20 standard and can be burned by token holders.
Send escrow will allow third party applications to build safe transactional applications that protect
users funds. In an escrow transaction users lock certain amount of tokens into an escrow contract
14The Send foundation is responsible for issuing the SDT tokens, developing the Send blockchain protocol and
encourage its use.
7
Figure 6: Escrow mechanism.
for a particular transaction in order to protect both parties from fraud. Locked tokens will be
released only in 2 cases:
With authorization of a third party address: The escrow arbitrator, based on application’s
internal logic can resolve the escrow at any time, sending the tokens to the recipient or
unlocking them in the origin account.
Claiming tokens back after escrow time has expired: In order to prevent loss of tokens
due to human mistakes, users can unlock their tokens once the escrow has expired if the arbitrator
didn’t take any action.
Transactions made through the escrow system can be signed with an exchange rate if escrow
address is a verified address in the Consensus Network.
In order to execute escrow-based transactions, the arbitrator has to create a new record in the
escrow contract specifying the amount to transfer as well as the origin and destination address.Then
the sender funds the Escrow with the right amount rendering it active
More pnfo in:
https://www.sendprotocol.com/documents/whitepaper.pdf
https://bitcointalk.org/index.php?topic=3915528.msg37592519#msg37592519
https://twitter.com/sendprotocol
https://www.facebook.com/SENDprotocol/