Decentralized Wearable Devices

anuicoreviews (47)in #smart-band • 6 years ago (edited)

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Sidera is a platform which facilitates for consumerizing cryptocurrencies by enabling their use in retail Point of Sale (POS) with the assistance of smartwatch and a contactless smartband. Real Implementation, Open Governance and Incentivization are the common qualities for Bitcoin as well as Sidera.

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Though the Bit coin was the successful platform before the Sidera is introduced, it has its inherent problem of not breaking into mainstream adoption. Although this problem is successfully addressed by Sidera, most of users have not yet entered cryptocurrency mainly due to two reasons.

Too complicated – It is complex for average users
Not relevant - The majority of people is not interested in and not uses cryptocurrenciesfor thir day to day activities.

Sidera uses unique technology to store securely on the users’ wrist all their cryptocurrencies in a smart manner. Those unique technologies can be identified as,

Bitcoin/ERC-20 Wallet – The funds are stored OFF-CHAIN on users’ wrist, with military grade multi-layered encryption
Wrist-To-Wrist Proximity Transactions – It allows sending or receiving EQS, Bitcoin or any other ERC-20 token through wrist-to-wrist offline transactions.

NFC POS Payments – It builds SmartBit devices with NFC module allowing the users to spend their funds globally in any shop.

Dozens of features – It offers a verity of services such as Mobile notifications, auto-detect transaction address, ghost mode, customize watchfaces, QR generator, price alerts, trading etc...

Secure anti-theft system – The funds will not be stolen since it provides multi-layer security.

Global, scalable, fully decentralized - BitSmart is the completely decentralized, fully secured first hardware wallet that users can carry on their wrist.

The first physical and wearable decentralized exchange is the Continuum which users don’t have to rely on a central authority. Following concepts are there with Continuum.

Intersect – It is the place in which dApps, cryptographic functions and transactions co-exist without weighting down the network

Proof-of-Load Protocol – It measures the state of the network.
Balancers – It balances the network

The Token used in this project is called as EQUOS. The Total supply of EQUOS is 51.000.000 where it is expected to raised $15.000.000. The price of EQUOS is 1$ = 0.5 EQUOS. The minimum amount expected to be raised as Soft Cap is $ 1.500.000 where maximum amount expected to be raised as Hard Cap is $ 15.000.000.It will be donated 1% of total fund raised to charitable organizations. The total token is distributed as follows,

Donors - 72%
Advisors & Partnerships - 3%
Reserve - 4%
Collaborators - 6%
Founders and Team - 15%

So raised fund will be allocated as follows.

Devices development - 27%
Operations - 20%
gTLD Request - 15%
Marketing - 12%
Exchange development - 10%
Security - 5%
Legal - 5%
Reserve - 5%
Charity - 1%

Sidera have planned to achieve followings once it developed first prototype and launching white paper and web site.

Launching public distribution
Initiating token distribution
Releasing BitSmart App
Requesting gLTD
Launching Continuum exchange and App
Launching BitBand and BitWatch Wholesale distribution
Implementing Military Financial and security
Implementation of health care development

Sidera is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in Healthcare and Life Sciences, Identity and Wallet Technologies, Web & Blockchain development, Information technology, Social Media, Graphic Designing, Marketing & Communication, Project Management, Business Management, Business Development, Digital Economy & Public Affairs, Cyber Security, Artificial Intelligence, Finance, Trusted Strategy, Research and development, public relationship, and legal matters and so on.

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