Smart City Coin Test – Welcome to the Future of Smart City – Plug and Play Smart Home
Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.
ADVANTAGES OF BLOCKCHAIN IMPLEMENTATION
Decentralized Payment Processing
The payment processing framework for global commerce is based on a centralized system which requires the services of third-party authenticators. These third-party agents are responsible for ensuring the fidelity of the global payments system and they charge fees for their services. One of the fundamental philosophies behind the operation of the blockchain is the removal of these third-party agents and their associated cost of trust and replacing them with a robust, functioning distributed ledger payment framework.
Creating an Immutable System of Record
The blockchain is the first successful implementation of the distributed ledger framework. On public blockchains, the distributed ledger constitutes an immutable system of records that is available to all participants. The immutability of a blockchain ensures that it is tamper-proof.
Reducing Cost of Transaction
Payment processing remains the basic level of commerce but it is one that has not seen much in the way of evolution since the emergence of fintech protocols. Blockchain technology has the potential to disrupt commerce by causing a paradigm shift in the mechanism by which transactions are carried out. The fees charged by third-party actors and middlemen in the payment chain constitute a considerable portion of the cost of transactions. By eliminating the middlemen, the cost of transaction is materially diminished.
Operating on a multinational scale opens up any enterprise to the activities of hackers looking to breach the structural and functional integrity of the platform. Blockchain technology offers a robust security framework that makes it difficult for hackers to make an incursion into the platform. There is no central point of failure and hence no single point of entry for malicious digital attacks. This ensures the safety and security of the data collected by field agents and the payment processing network. that provides an accurate accounting for the entire platform.
As more technological advancements are uncovered, Smart City Coin (SCC), a utility token used for the pre-purchase of smart house hardware and units of services came on board.
ABOUT SMART CITY COIN TEST
Smart City Coin (SCC) is a utility token used for the pre-purchase of smart house hardware and units of services. Designed to serve the European smart city community, it is comparable with API keys, which are used to access the service.
FIND BELOW A VIDEO PRESENTATION ABOUT SCCT
The focus of SCC is to provide Smart House Hardware for community members. This will enable them to start monitoring their usage in real-time. The platform also provides members of the community with business opportunities, as they will be able to collect SSC tokens in exchange for their energy data.
The platform also applies blockchain technology and SCC Utility token. The two developments will help bring transparency, traceability, and safety of the whole network and community.
Smart City Coin Test Network Blockchain Smart Home Features
The platform’s team is working on a community of Smart Houses, which will empower the community. The empowerment will be seen when a member provides information and enable management of energy usage. Another way of empowerment is through energy production.
Perfect Purchase Opportunity
Members who purchase a minimum purchase of 500 EUR or more are liable to the free smart home installation kit. The user can then use their SCC tokens to expand their smart home capabilities further. This can be done through the purchase of extra sensors or by trading SCC on the exchanges.
The team has a long roadmap of good record that dates back to 2010. The team is therefore capable of sourcing reliable and user-friendly Smart House Hardware and software.
Users who are interested to join will acquire membership in the Smart City community. They will also enjoy a deeper understanding of energy usage and management. Such users stand higher chances of earning SCC tokens in exchange for contributing to the community. Above all, they can build their own Smart City!
How It Works?
With a special kit available in the online store and in App4SmartCity, we can follow and set the limits of the energy you use. With the largest number of households participating in this project, more advanced learning and data analysis solutions can be introduced. This is also a reason why Smart City has decided to use a blockchain technology. With SCCTN Token members who deliver their smart home, the data is given at their fingertips. In addition, any kind of useful information on energy saving published by them will be rewarded with a proportional number of chips.
Smart City Test Network SCTTN Token & ICO Details
The SCC utility token will be used as a payment medium among community members, both in the webshop and in the interaction with utilities.
Furthermore, the SCCTN token used for a Smart City ecosystem is based on the ERC-20 protocol. As a utility token, it can be used to buy in the Smart Store (intelligent hardware), as well as a reward and loyalty payment tool for other services.
The token is not only digital, but also designed with blockchain technology and smart cryptocurrency.
Besides, there is an initial plan to release a limited number of tokens at the token Generation event. The tokens will be released as per the Token Distribution plan.
An Initial Token Offering will happen in public with an aim of gathering contributions from supporters and awarding them with SCC tokens. In this regard, 1,000,000,000,000 SCC will be deployed.
Members will get the tokens on their dedicated ICO account after being transferred as an exchange of payment. Sept 2019 is the date for the pre-ICO stage.
How To Become a SmartCityCoinTestNet(SCCTN) user?
Purchase SCCTN tokens – TOKENHOLDER
“The easiest way to get SCCTN tokens is to purchase them in Smart City Shop. Click the link and you will get directly into our shop where you can pay with 50 different cryptocurrencies, Paypal, Credit cards or bank transfer.”
Buy Smart Home Starter Kit – USER
“If you like to convert your home to Smart Home this is the unique opportunity where you get Smart Home hardware and start earning SCCTN tokens by sending data to our cloud.”
Join Bounty Program – COMMUNITY MANAGER
“If you notify your followers and friends about opportunities in Smart City Project you will be awarded the bounty. SCCTN might the perfect project for you especially if you like sharing energy awareness tips and you believe in tokenized econom.”
WHY YOU SHOULD CHOOSE SCTTN?
ICO successful – more than 50 million dollars raised
MVP in operation (App4SmartCity), as well as the Smart City coin test network, launched on August 1, 2018.
The Smart City store is working and ready for cooperation.
The project office is based in Switzerland. A country is known as cryptocurrency friendly (enough to say the Zug valley)
NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,
You can get more information about these project with huge potential by following the link below:
Lightpaper: https: // www. smartcitycointest.net/light-paper/
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711