SMILO - THE HYBRID BLOCKCHAIN PLATFORM WITH A CONSCIENCE

donaa (6)in #bitcoin • 6 years ago

Hello everyone,

INTRODUCTION

A safe and transparent transaction is a future dream for everyone. The community has sufficient understanding of the need for protection of personal data, due to a large number of cases that misuse personal data for crime and other things. And behind that, the community also needs transparency to cause peace in each transaction.

Smilo is a hybrid blockchain platform that guarantees transparency while protecting individual personal data. Smilo uses a blockchain technology base where it can maintain the privacy of each individual's data while ensuring full transparency of the organizations that interact with each individual. Smilo identifies the need for a hybrid blockchain platform. Provide this public entity with the right tools.

Smilo puts heartfelt service on every user, so it's called a hybrid blockchain platform with a conscience, this is because:
Full features
Unique
Can facilitate hybrid transactions, hybrid smart contracts and hybrid decentralized applications - with 'hybrids' that refer to the public and private

SMILO ADVANTAGES

Smilo uses The Byzantine Fault Tolerance Plus (BFT +) , BFT is the same as Proof of Stake (PoS) faster and more efficient, but both were not perfect. The standard BFT and PoS mechanism is not the safest consensus mechanism. For this, Smilo has improved the standard BFT mechanism by creating a unique Smilo BFT + consensus mechanism. The mechanism is fully safe, measurable, fast, and sustainable transactions. So that with this Smilo has many advantages including:

Transparent: Users can monitor transactions more transparently, By using this technology
Anti Corruption: With transparency, it can minimize or even eliminate acts of corruption in each transaction

Sustainable: Green blockchain platform via Smilo BFT + protocol.
Privacy protection: Through smart contracts and hybrid transactions
Secure: Smilo's BFT + offers better security than the previous mechanism.
Fast and Scalable: This platform will be 100 times faster than ethereum or other platforms
Affordable: Smilo provides transactions with a much cheaper fee

USE OF PLATFORM

some examples of Smilo platform usage cases are:

ELECTIONS
Smilo facilitates a safe and private election or referendum, ruling out post-election influence.

DONATION
Facilitate donations and ensure anonymous donors that money will be spent in a respectable manner.

MEDICAL RECORDS
Individual medical records are owned and managed by themselves and shared with medical institutions and insurance companies on request.

ECONOMIC NETWORK
There will be two types of tokens that move the network in this platform:

Smilo (symbol abbreviated: XSM): generated by the Smilodon block - the first block of the blockchain, is a representation of the shares held by the user,
SmiloPay (symbol abbreviated: XSP): generated every block following the Smilodon block, is a medium to pay for the Smilo network service and maintenance fees
By having Smilo token holders have rights to receive dividends in the form of SmiloPay tokens.

Smilo

This token represents the user's ability to influence the evolution of the Smilo network. Each Smilo token is counted as sound, so the more Smilo tokens you have, the more influence you will get on the evolution of the Smilo ecosystem.

Smilo token holders have the following privileges:

Receiving SmiloPay

Voting for changes in network parameters
Change the cost price of Tx
Change the price of the implementation of a smart contract
Change the cost price of implementing a smart contract
Each block of the Smilo blockchain produces twenty SmiloPay tokens, which will be distributed among Smilo holders. The number of SmiloPay per block will decrease slowly, because there are only 200 million SmiloPay tokens,

SmiloPay

SmiloPay Tokens are used to pay for Smilo network services and maintenance fees. Used as a service fee to register or change assets. This service fee will then be distributed proportionally to all Smilo owners, which means that SmiloPay will be circulated through the system.

Initially, there will be no direct transaction fees to use the network and all token holders will receive a maximum amount of SmiloPay per block. SmiloPay Token will be generated with each new block made to the equivalent of the total number of Smilo tokens in circulation, to 200 million. Each block can produce 20 Smilopay, and this token will be distributed proportionally between Smilo holders. And after the first millions of Smilo blocks are generated, SmiloPay prizes will decrease a little. After the SmiloPay token stamp reaches 200 million, the blocks will stop producing SmiloPay tokens. This is intended to keep transaction costs low to lead to more Smilo users, which in turn leads to more registered assets and transactions, and thus generates more costs paid to the node. Having a Smilo token is the same as a lifetime membership for using the Smilo network 'free'

TOKEN INFORMATION

Token: Smilo
Platform: Smilo
Type: Smilo
Total supply: 200,000,000 XSM
Price in ICO: 1 Smilo = 0.25 USD
Tokens for sale: 84,960,000

BONUS

PRE - SALE
Between 0% and 50% depending on the sale, investment amount and the vesting period

Tokens Distribution

Funds Distribution

ROADMAP

roadmap-circle
Q1 2017
Idea from Elkan Roelen (founder)

roadmap-circle
Q2 2017
Forming Smilo’s team
First written foundations

roadmap-circle
Q3 2017
Start prototype development
Research of different network protocols
and consensus algorithms

roadmap-circle
Q4 2017
Whitepaper development
First partnerships

Prototype development:
Implementation of blocks, transactions
and verifications

Q1 2018
roadmap-circle
Website launch
Official BV registration
Opening community channels

Prototype development implementation of:
Smilo BFT+ with SPoRT
Private transactions

Q2 2018
roadmap-circle
Private sale
Prototype development:
Implementation of light wallet
Open-source prototype on Github

Starting development of:
SmiloVM
SmiloContract
Smilo SDK

Q3 2018
roadmap-circle
Private pre-sale
Starting testnet development
Starting hardware wallet development

Q4 2018
roadmap-circle
Testnet launch
Light wallet launch

roadmap-circle
Q1 2019
Community-driven performance tests
Consult and help partners with first Dapps
Start development of Smilo's secret Dapp

roadmap-circle
Q2 2019
Public sale
Mainnet launch

SmiloContract development
Implementing new languages
Language choice based on
community votes

Mainnet launch event
Token Distribution
Exchange listing

roadmap-circle
Q3 2019
Hardware wallet launch
First DevCon Smilo developers
Multiple Dapp launches by partners

roadmap-circle
Q4 2019
Start DEX development

roadmap-circle
2020
Extend Improved Sharding
Multiple hardware wallet support
Self sovereign identity

roadmap-circle
2021
Off-Chain transactions

TEAM. ADVISORS. PARTNERS.

Smilo is being developed by an experienced, multi-skilled, ambitious and accessible team. The overal attitude is one of transparency, collaboration, dedication and straight forwardness. No fake advisors but actual contributors, no corporate name dropping but actual value adding partnerships.

TEAM