[BOUNTY] XSL Labs | 50 000 000 SYL !
#XSLLabs #XSL #SDI
What is XSL Labs ?
XSL Labs will develop dApps for user data’s protection. With the SYL ecosystem, XSL Labs will be able to complete the range of services issued on the Pulsar distributed ledger and its SDI.
The aim of XSL Labs is to create a development and innovation hub within the European Union. With the General Data Protection Regulation adopted by the European Parliament on April 27th 2016, the EU expressed its intention to protect the data of its citizens, which makes the EU a welcoming land to the development of the SYL ecosystem.
The need to protect personal data will grow with the influx of data generated by the 5G networks as well as connected objects. The digital age is creating confidentiality and trust issues that require the intervention of actors like XSL Labs as quickly as possible.
The Internet of Trust begins today and will place every individual back in the position that they should never have lost: that of being the owner of their personal data.
Individual identities do not belong to companies nor free apps that are fuelled by your personal data. Applications made available to the public free of charge can simplify our tasks, save us time and provide us with convenience but each individual must be aware about the use of their personal data and remain in control.
The ecosystem
XSL Labs will offer a decentralized identifier called SDI, a distributed dApp store called SYL Library, and an dApp allowing the interoperability between the ecosystem’s services called ONE. They will work as a single tool to make the user experience easier and more enjoyable.
1.Pulsar
Pulsar will be the distributed ledger that serves as the bedrock for the decentralized identifier and the entire ecosystem of dApps and dApp extensions.
2.SDI
SDI will be a set of encrypted personal data that only the user can read. It will be used in the SYL ecosystem and will be interoperable with other web 3.0 systems.
3.SYL Library
SYL Library will be a dApps and dApp extensions’ store. It will ensure the quality of the services and that they comply with the GDPR. All of the services offered on SYL Library will use the SDI as a guarantee of trust.
4.One
ONE will be a distributed app that will enable the management of the SDI, the management of the SYL wallet, the integration of services from the ecosystem and the control of interactions with other users.
The SYL token
The SYL token is practical in nature. This means that it is necessary for the functioning of the services deployed on its ecosystem and that its use is intended for this purpose. The SYL does not give the right to a participation in the profits that will be generated by the different players, nor to the payment of dividends, nor to the acquisition of shares in all companies or others. By acquiring SYL, each buyer has tokens that can be used within the SYL ecosystem. This asset can be used through the transaction network but also in the execution of Smart Contracts on the network. The SYL will be used in all ecosystem services.
Token & Sale
The SYL will be the utility token of the Pulsar distributed network
It will be necessary for the creation of an SDI, for the execution of Smart Contracts and will be usable within the ecosystem to access the various services that will be offered within SYL Library.
Price evolution
- CURRENT PHASE
0.002$ per SYL
(3 000 000 000 available at this price) - NEXT PHASE
0.003$ the SYL
(3 000 000 000 available at this price)
ISSUANCE Token
All undistributed tokens will not be issued.
10 000 000 000SYL
Distribution
- TOKEN SYMBOL: SYL
- NUMBER OF DECIMALS: 6
- ONE SYLOSHI: 0.000001
- MAX SUPPLY: 10 000 000 000
SYL Tokenomics
Quantitative and qualitative analysis of the SYL and its ecosystem, identification of the value creation’s levers of the token.
SYL model design
USE CASES
The SYL was designed to allow
- Transfer of values
- Purchase and subscription to services
- The execution of Smart Contracts
Simultaneous games
The ecosystem will be sustainable thanks to the services deployed on the network which will reward :
- Developers following a purchase of their dApp or subscription to their service. However, there is nothing that imposes a common position or goal on them. They remain free to make their own choices.
- XSL Labs with a fraction of the price of the services.
- Users through the increase of SYL’s value and access to different services.
Locking
The Token will be rendered temporary unusable in the following cases :
- A maximum of 3,000,000,000 SYL will be sequestered by Smart Contract with a low monthly release to supply the various ecosystem services.
- The creation of each SDI will sequester 0.5 SYL in a Smart Contract (SYL coming from the XSL Labs’ escrow account).
- All Smart Contract created in the ecosystem will block a certain amount of SYL in accordance to its needs.
Furthermore, through imposed contracts, external dApps’ developers will not be able to sell more than a certain amount of SYL per month (depending on the monthly volume of SYL in the market
Ecosystem
The ecosystem will consist of different players :
- Users of different services.
- Developers of dApps or dApps extensions.
- Engineers who will update the DLT.
- Third parties wishing to use SDI in their apps.
Parity
Within the ecosystem a fixed/stable parity will be put in place. The services will have a stable price in SYL (independent of the market price) and a price in FIAT. In this specific case, the fundamental value of the asset will increase with the multiplication of many services offered within the ecosystem.
- For example
A developer offers a user data protection’s service within a dating app. This service costs 10 SYL or 1 EUR. The user can then decide to spend the SYL on his wallet or pay in FIAT.
If he decides to pay in FIAT, it will cost him more. In this case, the developer will be paid more than the price in SYL for his service.
- Goal
Gradually lead the user to accumulate SYLs in his wallet, to use them and thereby to increase the liquidity of the asset.
Market value
The market value will depend on the number of exchanges that list the asset, supply and demand, as well as its fundamental value.
Fundamental value
The fundamental value of the SYL’s money supply will depend on the number of services and the number of users of those services within the ecosystem. The more diverse and varied use cases there are, the more the fundamental value of the asset will increase. This will be all the more appreciated because of the fixed parity implemented within the ecosystem.
THE FONDAMENTALS OF SYL
- Underlying technology
A decentralized identity will be deployed on a DLT. Distributed apps as well as different extensions will be part of the services offered within the SYL ecosystem.
Market size
The global Big Data and Analytics’ market size was estimated at $ 171.39bn in 2018, and is expected to reach $ 512.04bn in 2026, with an annual growth rate of 14.80% between 2019 and 2026 according to Valuates Reports. Between the two periods, the market will have multiplied by 3.
https://reports.valuates.com/market-reports/ALLI-Manu-3K13/gblobal-big-data-and-business-analytics
This market is divided into 5 areas :
- 7%: Diffusion & targeting (A)
- 16%: Gathering of data, sale and rental of database (B)
- 18%: Storage structuring, Hosting (C)
- 22%: Online advertising (D)
- 37%: Analysis & Intelligence (E)
The SYL's areas of action are A, B and D. Which, by 2026, will put the SYL on a maximum market of 220.16 billion euros (these figures are only indicative).
Number of users
Europe has 741.4 million inhabitants.
On average 93% of the European population uses the Internet and smartphones.
https://fr.digitalsobe.com/statistiques-dutilisation-mobiles
The number of potential users of our services is therefore 689,502 million for the EURO zone. International expansion is possible but this is not, for the moment, part of the initial phase of the ecosystem expansion plan.
Token velocity
This will be defined in the “Theory of quantitative currency”.
Value Creation
In this service platform, the SYL is designed as an internal currency in the ecosystem.
Therefore, the SYL will be used to access different services.
The goal of XSL Labs is to create, over the long term, a self-sufficient ecosystem that will spark interest in owning SYL to use within the ecosystem. SYLs can only be resold once a month by dApps’ developers, without exceeding a contractual percentage (Smart Contract). This percentage is directly related to the volume of assets on the market.
Application of the theory of quantitative currency to SY
Calculation
- Ms1 = (P1xQ1) /V1 + Ms2 = (P2xQ2) /V2 + …
- Ms : the fundamental value of money supply or market cap (in USD) per service
- V: the velocity or the number of times the Token is exchanged over a period of time (per year)
- P: the price of the product or service sold (in USD)
- Q: the quantity of products or services sold over a period of time (per year)
Example
- 200 services
- 20 services at 1$ - […] – 20 services at 10$
- 12 of velocity (full resale of developer stocks without Locking)
- 7,000,000,000 SYLs in circulation (not counting Locking)
(Ms (1) = ((1 x 100000) / 12) x 20) + (Ms (2) = ((2 x 100000) /12) x20) + (Ms (3)) …. + (Ms (10) = ((10 x 100000) /12) x20) = 9 166 440$
In this scenario, the fundamental value of the SYL’s market cap will be $ 9,166,440 and thus the fundamental value of a SYL will be $ 0.0013. To this fundamental value must therefore be added the speculative value of the token to obtain the final price of the asset.
Team
Georges Tresignies: FOUNDER
Ludovic Ryckelynck: FOUNDER
Franck Guillaud: DIGITAL AND TERRITORIAL MARKETING
Johanna Guillemoteau: MARKETING AND DATA ANALYTICS
Michael: DIGITAL COMMUNICATIONS DIRECTOR
Edmond Babin: DEVELOPER
Christophe Requin: DEVELOPER
Benoît Philibert: UX / UI DESIGNER
Karen Péloille: ADVISOR / ANALYST
Conclusion
Above all the SYL token will be a means of exchanging, purchasing services and executing Smart Contracts within the SYL ecosystem. The value of the asset will therefore depend on the number of services and their cost, the number of assets in circulation, the velocity within the ecosystem and the supply/demand in the speculative market..
It should be noted that even if XSL Labs disappears, the ecosystem will continue to develop autonomously and to operate perpetually, powered by the players of the network. This is possible because of the decentralization characteristic of the network, and its lack of need of a central and unique decision-maker. Through this "Tokenomics", we can understand that all the players in the ecosystem will have an impact on the asset’s price through their various services.
To get more accurate information, please visit the link below:
- XSL LABS OVERVIEW:
AUTHOR
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B