Introducing the SID (share internet data) blockchain system
Technology has boosted every industry. Businesses are fully grown, creating more employment opportunities. The advancements in technology have led to the evolution of newer and faster modes of transport and communication system. The computer and Internet technologies are ubiquitous. They have changed every sector; be it business, tourism, education, entertainment and many others. Technology has touched every aspect of life, making it easier, better and different. Technology has changed living. Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand. With technology, block chain /platforms are available to us that makes it easier to grow our income in different currencies. Different platforms are being developed in other to bring buyers and sellers from different part of the world together.
SID (share internet data) is a peer-to multi-peer decentralized internet sharing system that allows sharing internet from one person to another nearby user in an automated manner through its ioS and android sharing app. All SID Apps have access to the shared WiFi on the SID platform whilst, only SID Android Apps share internet from one person's smartphone to another user nearby smartphone in an automated manner.
The aim of this platform is to enable a global Internet access boom and thus help to lift certain segments of the 500 million poor people out of poverty. See the image below.
Certain users will be able to get free internet access by obtaining token in exchange of consuming advertising. Such obtained tokens can then be used to consume internet megabytes from other nearby users in exchange for tokens or users will simply trade some of their token directly with other SID users. Those trades will be done simply through a secured block-chain, on a public exchange to ensure full transparency with the control of the tokens and the control of sharing internet or not fully decentralized, meaning solely under end-user’s control through their post ITO (initial token offering) token wallet inside the SID app.
SID proposes a solution that is different from the status-quo, where users only obtain internet directly from traditional service providers or mobile network operators or wifi hotspots. SID will offer smartphone users the possibility to access crowd-source internet share by other users of the SID ecosystem when they have no coverage or no data credit or simply no internet access at a given location but are nearby other SID smartphones who do have internet access. The team of this platform archived their aim by using their innovative crowd-source internet in a peer-to-peer or peer-to-multi-peer structure overseen by a patent pending proprietary technology. The trading of token for megabytes of shared internet will be done in an automated way through contracts secured by a block-chain. Such trade will create a liquid token (virtual voucher) market that could possibly trigger the unleashing of a vast amount of people coming out of poverty simply by the fact that they would have final means to access the internet.
Details of ICO and TOKEN
SID has not officially released the ICO sales date, although there is a clear private sale that interested users can get in the form of a whitelist available on the official website.
Pre-ICO Price -1 EURO = 100 SIDT
Price -1 SIDT = 0.01 EUR
Bonus - Available
MVP / Prototype -Available
adoption -BTC, BCH, BTG, LTC, ETH, XLM, Fiat
minimum investment - 500 euros
Hardcup - 80 000 000 euros
Whitelist / KYC -KYC & white list
Forbidden zone - US, China
SID token distribution
Token sales - 41%
Bounty, referrals, and brokers - 8%
Airdrop and Whitelisting - 4%
Founders and other participants - 20%
Advisers - 5%
Reserve company - 23%
Obviously, most of the population does not have access to the Internet, and SID is trying to eradicate statistics. In general, the project has real applications, and the humanitarian approach adds a lot of legitimacy and leads to the project. Also, one should not underestimate the possibility of sharing free Internet worldwide, as potentially this solution can solve one of the most significant problems in the world. In general, SID remains committed to its goals, and it will be interesting to know whether the ICO will succeed.
For more information visit the link below:
WHITE PAPER: https://shareinternetdata.io/#
ANN THREAD: https://bitcointalk.org/index.php?topic=3842931