Scavenger Hunt Token (SHT)
Introduction
Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
For this reason, the project I am going to present you is Scavenger hunt Token, a new blockchain-based platform where anyone can use their GPS location to find free crypto tokens while walking outside.
As I said before, Scavenger Hunt Token (SHT) (https://www.sht.watch/) is a blockchain-based startup built as a platform where anyone can use their GPS location to find free crypto tokens while walking outside.
Goals
The main objective of Scavenger Hunt Token is to give people the opportunity to go out, meet new friends and reward them financially.
Advantages
| Example | Description |
|---|---|
| It provides an interesting and educational platform that engages users to discover the world around them through public information on a physical map, which is an incentive to go for a walk and explore the world, while being rewarded with gift tokens. Scavenger Hunt technology allows you to attach chips to real-world objects, providing location-based incentives for users. |
Roadmap
| Date | Event |
|---|---|
| Oct 2017 | Developing the Smart Contract for the Ethereum blockhain. Setting up NodeJS to use Web3 JS for ETH communication and developing a web frontend framework for asynchronous development with Bootstrap and JQuery. Developing Ethereum Power Wallet to allow any browser to interact with ETH contracts and wallets. |
| Nov 2017 | Registering the sht.watch domain for our project and the launch of the ETH Power wallet website to the public. Building and running a private blockchain for developing and testing purposes. |
| Dec 2017 | Developing the ST Webfrontend application framework. |
| Jan 2018 | Testing the ST application application and finalizing implementation. Deployment of the ST1, ST2, ST3 smart contracts on the Ethereum network. Alpha testing the ST application application and finalizing implementation. Opening the ICO for initial investors Launch of the Scavenger Hunt Token main (this) website. |
| Feb 2018 | Promotion and announcing the ST ICO to the main public. Registed Facebook and Medium accounts for ST. Registering on Cryptotalk forum. Applying for ICO Bench rating. Announcing Launch on Reddit. Announcing Launch on Telegram. Announcing Launch to Youtube experts. |
| March 2018 | Airdrop of ST2 tokens ends. End of First Phase of Token Sale |
| April 2018 | Adding the Places of Interest quest. Development of Native ST App for Android and Apple's IOS phones. End of Second Phase of Token Sale |
| June 2018 | End of Third Phase of Token Sale |
| Aug 2018 | End of Fourth Phase of Token Sale |
| Sept 2018 | End of Fifth Phase of Token Sale |
| Oct 2018 | End of Sixth Phase of Token Sale |
| Dec 2018 | End of Seventh Phase of Token Sale |
| July 2019 | End of Token Sale. Setup ST organization to support, develop and maintain ST infrastructure, products and services. |
| Aug 2019 | Develop Commercial Location Based Services on the ST Platform. |
| Jan 2020 | Release ST Source Code to the public domain. Launch Native ST Apps. Launch ST Commercial products and Services |
Airdrop
The project gives the opportunity to earn Scavenger Hunt Tokens (SHT) tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bounty0x platform. Here (https://alpha.bounty0x.io/bounties/41320) you can access to the link in order to see what are the conditions to become an early SHT contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can stay tuned in their official Telegram group (http://t.me/scavengerhunttoken). I hope you liked the post and soon I'll send you new ones.
Extra details
Token: SHT
Platform: ETH
Type: ERC-20
Author Details
Email: [email protected]
Bounty0x username: @adriaparcerisas
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71