Hello guys! I will tell you about a project that named is SID (Share Internet Data)
What is SID?
SID (Share Internet Data) is 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. One of SID key missions through the SID project : “To lift as many people as possible out of poverty by means of giving the less fortunate a way to access the Internet”. Certain users will be able to get free Internet access by obtaining tokens 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 tokens directly with other SID Users. Those trades will be done simply through a secured blockchain, 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.
We propose a solution, different to the status-quo, where users up to now only obtained Internet directly from traditional service providers or mobile network operators or Wi-Fi hotspots. SID will offer Smartphone Users the possibility to access crowd-sourced internet shared by other Users of our “SHARE INTERNET DATA” ecosystem when they have no coverage or no data credit or simply no Internet access at a given location but they are nearby other SID smartphones who do have Internet access. This is achieved by using our innovative crowd sourced Internet in a peer-to-peer or peer-to-multi-peer structure overseen by a patent pending proprietary technology.
The trading of tokens for megabytes of shared Internet will be done in an automated way through contracts secured by a blockchain. Such trades 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 finally a means to access the Internet.
About SID Token
A peer-to-peer and peer-to-multi-peer internet sharing eco-system (Share Internet Data or SID for short) that will allow sharing internet from one person’s Smartphone to another, specifically offering internet access to those less fortunate in society. This solution will however also allow individual returns to those who share their internet with others. Tokenomics are ensured by allowing users of this solution to trade traditional or crypto-currency intoSID future SID tokens and vice-versa, trade SID tokens for megabytes of internet data and vice-versa, trade consumed advertising into SID tokens, and trade (send and receive) tokens between users of the SID eco-system.
SID propose a solution to the status-quo where internet is mostly obtained from traditional service providers or mobile network operators. SID novelty is achieved by using crowd sourced internet in a peer-to-peer structure between nearby Smartphones as per SID fully in-house developed intellectual proprietary eco-system based on: pending PCT patent WO2016124915A1 filed in 2015 and going forward provisional USPTO patent Application Number 62588951 filed in 2017. The Smartphones will automatically share internet with nearby smartphones or tablets, based on a set of parameters, and upload the encrypted users’ trades to BlockChain custodians. Such trades as described above will create future token growing liquidity in line with SID company revenue growth.
In this way, the key company mission of SID “To lift as many people as possible out of poverty by means of giving the less fortunate a way to access free internet access” is also achieved. The less fortunate will be able in future to get free internet access by collecting tokens in Summary of the Whitepaper (version of 18th April 2018) exchange of consuming advertising but without paying a penny for it. Such obtained tokens are then to be used to pay for consumed internet megabytes OR users can cash-out token through traded exchanges where other SID users will buy those to consume on the SID eco-system.
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:
(i) Till to date any non-consumed mobile data at the end of each month, on most traditional network operator’s contracts, is simply lost.SID 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.
(ii) 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. SID 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.
Please be sure to check your network operator or internet service provider terms and conditions, because some have a small print stating that the internet they purchase is only for private use and thus not for re-sale. Although anyone can activate on a smartphone the tethering or hotspot function, the mobile operator who provides the SIM can disable this option remotely although this is rarely done anymore. SID therefore includes an end-user setting to allow sharing automatically its Mobile data or not with nearby SID users and is prompted to confirm. SID is the ultimate of de-centralization because only the end-user decides if it shares its internet AND if it gets paid in tokens for its shared internet.
In the same way as in the previous case, this SID solution incentivizes users to share their home or business internet data without giving their private or business password to any other person. Actually, traditionally, people used to give the password of their home Wi-Fi to visitors thereby exposing the security of everything connected to their internal Wi-Fi network. In SID solution the user who is home shares internet with visitors through his Smartphone or tablet, over an encrypted proprietary link and therefore nobody has access to the internal Wi-Fi network at all.
Private Sale & Values
Contributors interested to support the SHARE INTERNET DATA (SID) project can do so now by signing up through this website where they will be able to Register and get SID Tokens, contributing with BTC, BCH, BCG, ETH, LTC, XLM (Stellar Lumens) or Fiat by bank transfer.
ITO Private Sale Started on
July 1, 2018 (19:00 CET)
Number of tokens for sale
BTC, BCH, BTG, LTC, ETH, XLM, Fiat
Private Sale price
1 EURO = 100 SIDT
Minimal transaction amount