Smilo ICO (Review)Project

The world has witnessed an outstanding hobby in Blockchain at some stage in diverse industries at some point of international locations, from tens of hundred new startups, to committed blockchain labs showing up in each industrial and federal establishments, or to more than one consortia established for fixing fundamental annoying situations in their organization.

Blockchain technology keeps an super diploma of the detail in its records for all monetary and non-monetary transactions made. Blockchain generation minimizes the chances of wrong records or manipulated records being allotted in the course of the community. one of the high-quality elements up for discussion approximately public blockchain is that it’s generally now not governed by one precise entity. every player or entity receives the possibility to share or generate copies. at the same time as a few see it as power, it's also viewed as a huge drawback as few might declare it’s now not cozy enough.
Luckily, Blockchain generation may be applied in three superb tactics—public, private and hybrid. whilst an awful lot has been said and cited approximately public and personal blockchain, hybrid blockchain era nevertheless stays untouched and is comparatively a ‘smooth’ time period.

SMILO HYBRID BLOCKCHAIN

Smilo is a modern “hybrid” blockchains platform a good manner to be capable of host hybrid transactions, clever contracts and decentralized programs. Low energy intake will make sure the sustainability of the Smilo blockchain, making it f6ba901c5019ebe39975adc2eb223bef. that is completed with a hybrid consensus mechanism that is primarily based at the evidence of Stake (PoS) and The Byzantine Fault Tolerance Plus (BFT+)inside the intervening time, a very particular Smilo network Protocol (SNP) will make sure scalability, permitting to create a community this is one hundred instances quicker than Ethereum. Smilo will feature low prices, wellknown decentralization and whole Ethereum blockchain and clever contracts compatibility. Smilo blockchain receives rid of the errors of its predecessors, similarly to bringing blockchain technology toward mass adoption.
Smilo blockchain platform can power each non-public and public blockchain networks and Decentralized programs. The Smilo crew states that their goal is to make bigger a whole-featured blockchain platform so that it will host hybrid transactions, smart contracts, and decentralized programs. The builders declare their answer may be observed within the following fields: clinical quarter, product tracking, insurance organization, logistics, and many others.

Smilo Advantage

Smilo makes use of a completely unique and self-made The Byzantine Fault Tolerance Plus (BFT+), BFT is the same as evidence of Stake (PoS) faster and extra green, but each were no longer perfect. the standard BFT and PoS mechanism is not the most secure consensus mechanism. For this, Smilo has improved the standard BFT mechanism by using developing a completely unique Smilo BFT + consensus mechanism. The mechanism is fully secure, measurable, speedy, and sustainable transactions. so that with this Smilo has many benefits which include:
Transparent: users can monitor transactions greater transparently, by way of the use of this technology

Anti Corruption: With transparency, it may limit or even do away with acts of corruption in every transaction

Sustainable: green blockchain platform thru Smilo BFT + protocol.

Privateness protection: via smart contracts and hybrid transactions

Secure : Smilo's BFT + offers better security than the preceding mechanism.

Fast and Scalable: This platform can be a hundred instances quicker than ethereum or other systems

Affordable : Smilo affords transactions with a miles inexpensive fee.

The Smilo Tokens

The machine will hire tokens: Smilo token (XSM) and SmiloPay token (XSP). The Smilo tokens are an quintessential part of the Smilo community. They represent customers’ non-public shares and power to influence the community. SmiloPay tokens will be used to pay all service prices. Used as a service fee to check in or change property. This issuer price will then be allotted proportionally to all Smilo owners, this means that that SmiloPay could be circulated via the machine.

ICO Information

Token name: Smilo Token

Token image: XSM

total supply: 2 00,000,000 XSM

Tokens on the market: 84,960,000

fee in ICO: 1 Smilo = 0.25 USD

SoftCap: USD 2,500,000

HardCap: USD 18,000,000

RoadMap

Q1 2017
Idea from Elkan Roelen(founder)

Q2 2017
Forming Smilo's team

First written foundations

Q3 2017
Start prototype development

Research of different network protocols and consensus algorithms

Q4 2017
Whitepaper development

First partnerships

Prototype development

Implementation of blocks,transactions and verifications

Q1 2018
Website launch

Official BV registration

Opening community channels

Prototype development implementation of

Smilo BFT with SPoRT

Private transactions

Q2 2018
Private sale

Prototype development:

Implementation of light wallet

Open-source prototype on Github

Starting development of

SmiloVM

SmiloContract

Smilo SDK

Q3 2018
Private pre-sale

Starting test net development

Starting hardware wallet development

Q4 2018
Test net launch

Light wallet

Q1 2019
Community-driven performance tests

Consult and help partners with first Dapps

Start development of our own secret Dapp

Q2 2019
Public sale

Mainnet launch.

SmiloContract development:

Implementing new languages

Language selection supported community votes

Mainnet launch event

Token Distribution

Exchange listing

Q3 2019
Hardware wallet

First DevCon Smilo developers

Multiple Dapp launches by partners

Q4 2019
Start DEX development

2020
Extend Improved Sharding

Multiple hardware wallet support

Self sovereing identity

2021
Off-Chain transactions

Team

More Info

WEBSITE: https://smilo.io/
WHITEPAPER: https://smilo.io/files/Smilo_White_Paper_Latest.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5039760.0
TWITTER: https://twitter.com/SmiloPlatform
FACEBOOK: https://www.facebook.com/SmiloPlatform/
YOUTUBE: https://www.youtube.com/channel/UCZyW2kPmlB4dwdO0yI3qQuA
TELEGRAM: https://t.me/SmiloPlatform

Author

Bitcointalk user name : smathjon1234
Bitcointalk profile Link : https://bitcointalk.org/index.php?action=profile;u=1623153
ETH address : 0xc9e39926ce05ebE96130CaAf741541cab8D65D8f