SMILO

joecolern12 (7)in #ico • 6 years ago

In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at Smilo have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.

Introducing SMILO

Smilo is a crossbreed blockchain stage that ascertains straightforwardness while securing singular individual information. Smilo utilizes a blockchain innovation base where it can keep up the security of every individual's information while ensuring full straightforwardness of the sodalities that connect with every person. Smilo distinguishes the requisite for a crossover blockchain stage. Give this open substance the correct instruments.

SMILO ADVANTAGES:

Smilo puts the ardent administration on each client, so it's kenned as a cumulation blockchain stage with a still, minuscule voice, this is on the grounds that: Can embolden cross breed exchanges, half breed brilliant contracts, and coalescence disseminated applications. Smilo utilizes Byzantine Fault Tolerance Plus (BFT +), BFT is the equipollent as Proof of Participation (PoS) more expeditious and more efficacious, yet both were not great. The standard Bft and PoS system isn't the most secure accord instrument. What's more, Smilo has enhanced the standard BFT component by making an exceptional Smilo Bft + acquiescent instrument. The system is plenarily sheltered, quantifiable, expeditious and plausible exchanges.

ADVANTAGES OF SMILO

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:

1 Transparent: Users can monitor transactions more transparently, By using this technology

2 Anti Corruption: With transparency, it can minimize or even eliminate acts of corruption in each transaction

3 Sustainable: Green blockchain platform via Smilo BFT + protocol.

4 Privacy protection: Through smart contracts and hybrid transactions

5 Secure: Smilo's BFT + offers better security than the previous mechanism.

6 Fast and Scalable: This platform will be 100 times faster than ethereum or other platforms

7 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.

When commencing, 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'

Distribution of tokens

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