A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, SID (Share Internet Data), a peer-to-multi-peer decentralized internet sharing system that allows sharing internet from one person’s smartphone to another nearby in an automated manner has arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is SID(Share Internet Data)?
SID (full name Share Internet Data) is a decentralized information exchange system between smartphone users. This system is based on the Economic Sharing Model (or so-called “economic sharing”) that enables Internet sharing with smartphones, smart phones use each network at the same time as terminals and access points. Simply put, SID is a platform that allows users to share their Internet with others for gifts. The main task of the SID project is to provide as many people as possible with a cheap and convenient Internet. Smartphones will automatically exchange the Internet with neighboring smartphones or other electronic devices that use the Android operating system. Especially using this system, smart phone owners will be able to access the Internet, even completely free. All they need from them sometimes clicks on sponsored links and for this click they will receive a token (crypto internal platform) that will go to pay for network access.
Sid Platform Solution for Internet Users
Unlike traditional Internet providers, Sid platforms provide Internet systems with their own users’ internet packages that are transferred to other months.
Sid Server does not use a malicious intermediate system such as Vpn designed to allow Internet users to access other illicit sites.
With Sid’s ecosystem solutions, users can access the sites they want without using any tools.
Currently, many users use systems such as Hotspot to share data. Mobile carriers may interrupt the Internet sharing network remotely. For this reason, the Sid app includes a number of custom settings for automatically sharing mobile data.
The biggest nightmare of users who share the Internet with others is that internet data is followed by others and their passwords are stolen. The user connection with Sid’s platform patented system is re-encrypted and no one can access the user’s Wi-fi network
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.
SID Key Ecosystem features
One of the key features of this SID eco-system solution is that it will reward everyone, also the more fortunate well-off people of society to share their mobile data or private home Wi-Fi in exchange of tokens:
Till to date any non-consumed mobile data at the end of each month, on most traditional network operator’s contracts, is simply lost. Our solution allows these users to recover part of that in tokens through obtaining tokens for sharing their mobile data with other nearby SID users, not letting those otherwise unused megabytes go to waste each month.
Till to date any non-consumed home Wi-Fi data at the end of each month, on most traditional internet service providers contracts, is simply lost too. Our solution will allow SID users to recover part of that in tokens through earning tokens for sharing home Wi-Fi internet with other nearby SID users, not letting those otherwise unused megabytes go to waste each month.
Many of us met with the problem of non-consumed mobile data at the end of each month which simply lost. With SID, you will have the opportunity to share with this data and to receive SID tokens instead. This is achieved through the use of innovative Internet from SID’s crowd of sources in a peer-to-peer or peer-to-multi-peer structure that is controlled by patents for proprietary technologies.
After the tokensale, trading with SID-tokens will begin to share the network from the participants’ smartphones. If you can not get tokens, you can go along the way of viewing advertisements and getting a reward for it.
The trading of tokens for megabytes of shared Internet will be done in an automated way through contracts secured by a blockchain. Earned tokens can pay access to the network. Such technology will help the inhabitants of poor areas to use the Internet. It’s about mobile or home WiFi, because public access points are always available. Currently, SID users have already added several hundred thousand WiFi-points.
The company is working on the creation of a community where the user sets a password for WiFi, which distributes the Internet to other users. The base application is configured to use Wi-Fi, but participants can establish a general access to the mobile tariff (3G / 4G).
So the SID goal is “To lift as many people as possible out of poverty by means of giving the less fortunate a way to access free internet access”. The key feature of this ecosystem is that all users will be rewarded, and this definitely worthy our attention to this project.
The SID-SDK is available also through a 3rd party APP, Dunkin Donut´s franchise in Spain called Dunkin Coffee, through Frinwo S.L. in Spain, which resulted in 250,000 downloads of which 91,000 active mobile users who in turn will share internet with our own future SID users.
The project initiated Initial Token Bid to enable it to realize SID’s innovative concept to come true. Contributors interested in fortifying SHARE INTERNET DATA (SID) projects can do so now by signing up through this website where they will be able to Register and obtain Token SID, contributing to BTC, BCH, BCG, ETH, LTC, XLM (Stellar Lumens) or Fiat via bank transfer.
Personal ITO Sales Starting at
July 1, 2018 (7:00 CET)
Number of tokens on sale
Private Selling Price
1 Euro = 100 SIDT
Minimal Number of Transactions
Price At ITO
1 SIDT = 0.01 EUR
Distribution of coins
Sales token – 41%
Awards, references, and brokers – 8%
Allow air droplets and access – 4%
founders and other participants – 20%
Consultant – 5%
Pool company waits – 23%
SID Smartphone Users to “SHARE INTERNET DATA” in our ecosystem, other users of the facility to access the internet extensively by access to not that they or give credit to owners or at certain locations will offer when they have internet access but they are close to other smartphones SID. , Internet Access This is achieved by leveraging our innovative resources from the Internet in a peer-to-peer or peer-to-peer structure controlled by proprietary technology patents.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3842931