When do you feel cryptocurrency has achieved a mainstream status?

Is it when a mega-corporation uses it for their own benefits, to add more profits to their own balance sheet. Or Is it when a normal person walks to a small shop, buys the product he needs, and pay the amount with the tap of his smartwatch wristband. Sounds great right?

You will be wondering, Is this true or just someone selling you a dream like the majority of ICO’s out there are doing. If you feel it’s a dream, you are mistaken. You have not heard about Sidera then !!!!

Currently, if you look at cryptocurrency, either you are using it for trading or maybe you are using as a way of investment for the future. Rarely you will be using it on the day to day life. Until the usage of cryptocurrency can to brought to day to day life, the relevancy of cryptocurrency will be restricted to a small audience.This is what Sidera wants to achieve. 

The real implementation of cryptocurrency for a common person to use, by enabling their use in retail Point of Sale (POS) through a smartwatch( Unique Wearable Device (DWD)) and a contactless smart band.

Sidera — wearing the future

Quoting from the whitepaper:

Sidera is a complete end-to-end solution for contactless and smartwatch retail point-of- sale (POS) including a full-stack reference implementation of all the components. It includes a mobile application and point-of-sale (POS) terminals that are already in deployment. All of these components will be made widely available through open source and open specifications.

Let me break it down for you. Sidera has developed a hardware wallet termed as BitSmart which they have mounted on smartwatches and wristbands. In addition to the normal features of any existing smart-watch/wristband, these watch/ bands have an integrated cryptocurrency wallet and payment system.

Apart from integrated hardware wallet, Blockchain and NFC payments are also included along with this. This is a giant leap in the cryptosphere arena as a product such as this has never been introduced to the market.

Features of Unique Wearable Device (DWD)

• Global scalable and Completely Decentralize — Easy to carry on your wrist completely decentralized, fully secured by the Blockchain..
• Tons of Features — smart notifications, auto-detect, transaction address, ghost mode, customize watch faces, QR generator, price alerts, trading and much more!
• Capability to do both Online and Offline Transaction — The devices can interact with other BitSmart devices using a Bluetooth or Wifi connection. Has the capability to do Bitcoin or any other ERC-20 token through wrist-to-wrist offline transactions.
• NFC POS payment using NFC Internal Module — enabled with NFC module allowing the user to spend your funds globally in any shop.
• Secure Anti-theft system: Covered with multi-layer security which ensures funds secured even if the user loose BitSmart or the private key.
• Bitcoin or ERC20 wallet — All the funds are stored in OFF-CHAIN. Funds are protected using militant level multi-layer encryption security that cannot be broken.

Security Features

Sidera has ensured the best security system in order to protect user funds. The private key will be stored in the device’s sandbox which is encrypted using the AES 2048 encryption standard which is military grade.

As per the white paper, The secret key (passphrase) is encrypted using a unique identifier generated from users arm movements, skin perspiration and other elements that are unique and distinctive for every person. This is a huge advantage in terms of security because it is impossible to reproduce your body elements on another person.Not only that even in any chance the device gets stolen, It can only be paired with devices authorized by you. In this way, nobody will be able to manage the operations if the smartwatch and the phone/PC are unpaired.

The best part of the device is the Ghost Mode. Since you will not be using the device as hardware wallet all the time, by switching the Ghost mode the device will act as a normal smartwatch: with time, weather, notifications, etc which make the device more adaptable for mainstream usage.Sounds interesting. You can Pre-order one here

Roadmap

Team

Solid team, which strong background and strong advisory group.

Token Metrics

Sidera token is termed as eQUOS. 

Currently, eQUOS is an ERC-20 based token which will be running on Ethereum Blockchain. But with such a potential project, you can expect the Sidera mainnet to be launched in future.

The SOFT CAP is kept at 1,500,000 USD( (if the soft-cap target is missed during Pre-Distribution and Distribution, the funds will be returned) and HARD CAP is kept at 15,000,000 USD.

Per coin is pegged at $2 and TOTAL SUPPLY is capped at 51,000,000 eQUOS.You can buy the token with both Eth as well as using Fiat.

The ICO is currently rated 4.6 in icobench , which shows why the ICO is currently one of the most awaited one.

If you wish to participate in the token sales, click here

Conclusion

Unlike other projects which starts with an idea, just post a flashy whitepaper and go in later building the product( In the majority of case the product ends up too bad), Sidera is entering the market with a ready-made product that has high potential to trigger the mainstream adaptation of crypto.The product is so simple, that can be used as a simple smart wristwatch as well as a hardware wallet is path-breaking.

I’m sure of Sidera future. After all, these are the project’s that can really take crypto adaption to masses. Don’t miss this one.

To Find more deatils:

WEBSITE : https://sidera.io/

FACEBOOK : https://www.facebook.com/siderablockchain/

TWITTER : https://twitter.com/siderabc

TELEGRAM : https://t.me/SideraOfficial

MEDIUM : https://medium.com/@siderablockchain

ANN : https://t.me/SideraOfficial

Full disclosure: This article is not intended as investment advice. It is just my personal view points about the project. You should always do your own research and invest you capital wisely.

Disclaimer: Part of the article group.