Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions. This technology was first introduced by an anonymous individual under the pseudonym Satoshi Nakamoto in 2008 and has since revolutionized the way we conduct currency transactions worldwide. Blockchain enables trust to be distributed throughout a network, without the need for a central authority to track, verify and approve the digital exchange of value. It operates as a decentralized distributed database, maintaining a continuously growing list of records divided up into blocks. Legacy will take advantage of this technology to be decentralized and place its trust in its users.
Blocksims is the first decentralized blockchain based mobile service Telecom Company which aims to provide mobile voice and data service to the large segment of the five Billion smartphone users worldwide. This not just a replacement for the mobile device, but allow the users to earn revenue.
Blocksims provide a Sim card which can be inserted into an unlocked smartphone. It provides unlimited, free mobile voice and data services. All service costs are covered by advertising revenue. Blocksims uses Consensus model through blockchain technology for transaction authentication, which eliminates the need for third-party intermediary and ensures the transparent, verifiable and secured transactions among participants. Followings are few advantages of this platform.
All the transactions have been encrypted through public and private keys.
Use cryptography and digital signatures to prove identity.
As this is a decentralized technology, Blocksims eliminates the role of intermediaries. That increases the transaction speed.
Blocksims is eliminating the roaming fraud by implementing a permission blockchain between every pair of operators that have a roaming agreement. This smart contract technology reduces cost and reduces fraud.
Can be used worldwide.
BLOCKSIMS Is a factor that focuses on providing telecommunication and network services, which use technology as the basis for the development of the Platform. BLOCKSIMS aims to combine telecommunications services with the renewable and sustainable Blockchain technology, which will result in a secure and transparent telecommunication service for users. Unlike most telecom services, BLOCKSIMS does not charge users for any calls or short messages sent by them, otherwise, BLOCKSIMS provides incentives to users of advertising revenue earned by BLOCKSIMS.
BLOCKSIMS will change Telecommunication system become more revolutionary and better than traditional technology today.
ICO AND TOKEN DETAILS
Pre-ICO will be started on 15th February 2018 and ICO will be started in March 2018. ICO whitelist registration is now open. Blocksims expects to distribute 500,000,000 Sim token through the ICO.
30% of the coins will be reserved for distribution among Sim holders as rewards over the time.
50% of the total would be available for public sale
7% of Coins will be used by the development team for further developing, maintenance and to ensure that the Block Sim platform is compliant and flourishes all across the globe
5% of the total SIM token will be used for marketing to gain awareness about the platform and gaining more and more users.
3% will be used as advertising and administration.
5% of the token will be used for bounty programs.
The funds collecting through the ICOs would be distributed for following activities.
20% for operating overheads
10% of fund providers
30% of marketing fund
30% for development of infrastructure
10% would be allocated for reserved fund
Be a part of this tremendous project and follow these links for more information;