SMILO. HOW DOES IT WORK?

HOW DOES IT WORK?


Smilo facilitates hybrid transactions, hybrid smart contracts and hybrid decentralised applications — with ‘hybrid’ referring to both public and private.

SUSTAINABLE

Smilo is an eco-friendly blockchain platform through our advanced Smilo BFT+ protocol.

SCALABLE & FAST

Over 100 times faster than Ethereum and other platforms by our unique Smilo Network protocol and Smilo BFT+ consensus.

DECENTRALISED

Fully decentralized and open network available to everyone.

AFFORDABLE

Smilo transactions require a fragment of other transaction fees.

ETHEREUM COMPATIBLE

100% Solidity and web3.js compatibility, allowing easy and fast adoption.

Smilo is a unique full-featured hybrid blockchain platform that will be able to facilitate hybrid transactions, hybrid smart contracts and hybrid decentralised applications — with ‘hybrid’ referring to both public and private. As such, Smilo will safeguard the privacy of any individual’s data whilst warranting full transparency from the organisations that these individuals interact with.

Smilo is based on the unique and self-made Smilo BFT+ consensus protocol. This consensus algorithm combined with the exclusive Smilo Network Protocol (SNP) ensures secure, scalable, quick, and sustainable transactions. Considering these features, we call Smilo our hybrid blockchain platform with a conscience.

WHY SMILO?
Individuals have become the moral gatekeepers in society, demanding sustainable products and services, while privacy, transparency, and security need to be guaranteed.

Due to this societal shift towards accountability and transparency, businesses, governments, and institutes are directed to transition to a more sustainable state.

In light of these developments, we identified the need for a hybrid blockchain platform. A platform that provides these public entities with the right tools to reaffirm their relationship with its stakeholders, warranting transparency whilst protecting the individual’s personal data.

This is where Smilo comes into play! Smilo will safeguard the privacy of any individual’s data whilst warranting full transparency from the organisations that these individuals interact with.

TRANSPARENCY

Delivering transparency and accountability from organisations to individuals.

ANTI- CORRUPTION

Through the non-reversible data lock in for tenders and elections.

SUSTAINABLE

An eco-friendly blockchain platform through our Smilo BFT protocol.

PRIVACY PROTECTION

Through the hybrid transactions and hybrid smart contracts.

SECURITY

Smilo’s BFT+ offers an unprecedented 99,99% security.

SCALABLE & FAST

Over 100 times faster than Ethereum and other platforms.

AFFORDABLE

The Smilo transactions require a fragment of other transaction fees.
MISSION
Our mission is to create an environment that aligns the consumer’s need for privacy and security with the processes of governments, NGOs, financial institutions and corporations by providing full accountability and transparency whilst safeguarding the mentioned consumer needs. All in a decentralised, safe, fast and sustainable way. We will be sharing all this in open code so future blockchains, organisations and its applications can apply this to their specific needs.

VISION
Our vision is to facilitate a culture of transparency by making collective data publicly available irreversibly, whilst protecting individual data. This will make most middleman redundant and significantly limit the chance of corruption, whilst simultaneously acknowledging the need to safeguard an individual’s data. This combination of public and private transaction on the same platform based on the BFT protocol defines Smilo as a hybrid blockchain platform with a conscience.

USE CASES
ELECTIONS

Elections or referenda will be facilitated through secure and private voting, ruling out any post-election influence.

DONATIONS

Donations will be facilitated through a private smart contract construction which ensures the anonymous donor that the money will be spent in an honorable way.

MEDICAL RECORDS

Medical records will be owned and managed by individuals and shared with medical institutions and insurance companies upon request.

PUBLIC TENDERS

Public tenders where the RFP’s are being listed anonymously but also definitely and irreversible to avoid adjustments after the assignment has been granted.

TOKEN DISTRIBUTION
TOTAL TOKEN SUPPLY: 200.000.000 Smilo

CIRCULATING SUPPLY: 100.000.000 Smilo

PRIVATE SALE: 63.360.000 Smilo

PUBLIC SALE: 21.600.000 Smilo

COMMUNITY BOUNTIES: 15.040.000 Smilo

HARD CAP: 18.000.000 USD

SOFT CAP: 2.500.000 USD

PRICE 1 Smilo = 0,25 USD

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 testnet development

– Starting hardware wallet development

Q4 2018

– Testnet launch

– Light wallet launch

Q1 2019

– Community-driven performance tests

– Consult and help partners with first Dapps

– Start development of Smilo’s secret Dapp

Q2 2019

– Public sale

– Mainnet launch

– SmiloContract development

– Implementing new languages

– Language choice based on community votes

– Mainnet launch event

– Token Distribution

– Exchange listing

Q3 2019

– Hardware wallet launch

– First DevCon Smilo developers

– Multiple Dapp launches by partners

Q4 2019

– Start DEX development

2020

– Extend Improved Sharding

– Multiple hardware wallet support

– Self sovereign identity

2021

– Off-Chain transactions

WEBSITE: https://smilo.io/
ANN: https://bitcointalk.org/index.php?topic=5039760.0
WHITEPAPER: https://smilo.io/files/Smilo_White_Paper_Latest.pdf
ROADMAP: https://smilo.io/#roadmap
FACEBOOK: https://www.facebook.com/SmiloPlatform/
TWITTER: https://twitter.com/SmiloPlatform
YOUTUBE: https://www.youtube.com/channel/UCZyW2kPmlB4dwdO0yI3qQuA
REDDIT: https://www.reddit.com/r/SmiloPlatform/
LINKEDIN: https://www.linkedin.com/company/smilo-platform-bv/
MEDIUM: https://medium.com/smilo-platform
TELEGRAM: https://t.me/SmiloPlatform

Bergluftt
https://bitcointalk.org/index.php?action=profile;u=2273811
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