SIDERA - The First Completely Wearable Decentralized Exchange Based on Blockchain

in #steemauto6 years ago (edited)

Blockchain technology provides a means of carrying out online transactions in a secure environment which is untraceable for any hacker. This means that transactions carried out on blockchain are fool-proof. Although the internet provides a way of carrying out transactions between sellers and buyers, these transactions are made possible with the help of middlemen who gets compensated for his/her services.

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Cryptocurrencies continues to gain momentum and people keep adopting the use of these virtual currencies to make payment and other online transactions. There are many areas in which you can utilize cryptocurrencies. You can hold, invest, and trade these currencies in order to make gains in near future. An aspect of cryptocurrency that has experienced a tremendous growth over recent years is cryptocurrency trading with the most popular cryptocurrencies like Bitcoin and Ethereum being sought after the most. Popular cryptocurrency exchanges like binance, huobi, okex have witnessed massive growth in the space of some months due to increasing demand for cryptocurrency exchanges. A cryptocurrency exchange is an online platform where you can exchange one cryptocurrency for another cryptocurrency

INTRODUCTION

Sidera is a programmable Decentralized Wearable Devices built on the blockchain that brings buyers and sellers of products together on a single platform without the need for a middleman. This is a ecosystem where tangible and intangible can be capitalized and traded with the help of tokenization. The elimination of various middlemen under the Sidera platforms lowers the transaction cost and help in redistributing income from exploitative middlemen to the sellers and buyers of products themselves. Trading activities on this platform are also automated which means trades can be carried in seconds and the platform is secured with blockchain technology. Assets can be converted into tokens which can then be traded on the Sidera platform. Sidera platform makes use of world’s tokenization protocol which helps in converting all types of aseets (tangible and intangible) into tokens on the Sidera wrist device platform. Moreover, NFC pos payments with on-the-fly crypto to FIAT conversion will be possible to pay in any shop directly in USD thanks to Sidera's e-payment license filling. This will completely disrupt the crypto market allowing us to scale exponentially.

ADVANTAGES OF SIDERA PLATFORM

Low Transaction Costs
Sidera makes a major breakthrough in the process of buying and selling with the removal of the middlemen. Normally, a product that shouldn’t cost much will cost a fortune because the middleman has added his own premium on the price of the product. Sidera provides a platform that brings buyers and sellers together without the need for any middleman. This helps in lowering transaction costs significantly.

Redistribution of Income
Another laudable achievement of the Sidera platform is the redistribution of income. The exploitative middlemen most times end up being the best gainers in any trade. Sidera comes to the rescue of both the buyer and seller by eliminating the use of a middleman in a transaction. Hence, the Sidera platform helps in redistributing income from these unscrupulous middlemen to the buyers and sellers of the product in question.

Security
Another valuable feature of the Sidera platform is that it is highly secured. Sidera is a blockchain-based ecosystem which means that transactions carried out on the platform are encrypted with the use of distributed ledger. This makes transactions on this platform untraceable by hackers and buyers and sellers can trade with the confidence that their personal and financial information are well protected

BENEFITS OF SIDERA

Exclusive DWD Technology
Sidera scalable ecosystem revolves around a new revolutionary way of storing crypto: Decentralized Wearable Devices (DWD).

Innovative & Secure
Bitsmart is a new idea of smartwatches and smart-bands focused on Bitcoin and cryptocurrencies. Scope of these devices is to provide for its users an easy, handily, innovative and secure way to manage the Crypto-environment.

Wrist-to-wrist
Your funds are secured around your wrist, fully encrypted, allowing offline wrist-to-wrist transactions and a plethora of other innovactive characteristics.

UNIQUENESS OF SIDERA

USERS’ DATA SECURITY
Users’ and services provider’s data such as identity information, property information, transaction records and reviews on different services are recorded on the blockchain. Data is stored and extracted through a distributed storage scheme with a private key (users’ personal login access to their account).
Data will be encrypted, split, shredded and scattered on different nodes with the distributed storage scheme. If a single node is compromised, full information will not be revealed.

VALUE RECREATION
SIDERA also aim to eliminate the role of intermediaries (third parties) in transactions between buyers and service providers, connecting buyers and services providers directly to each other (peer to peer) so as to eliminate the huge payment of commission (usually fiat) paid to them. With the sharing driven economy payment that can be made in local token.

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DEPENDENT DIGITAL ASSETS DISTRIBUTION
SIDERA develop a peer to peer transaction network which will take out the role of intermediaries and give benefits back to users and service providers.

In Conclusion, Sidera provides Mobile notifications, auto-detect transaction address, ghost mode, customize watchfaces, QR generator, price alerts, trading and much more! And also, BitSmart is the first hardware wallet that you can carry on your wrist. It is completely decentralized, fully secured by the Blockchain.

For more information

Token eQUOS
PreICO Price 1 eQUOS = 2 USD
Price 1 eQUOS = 2 USD
Platform Ethereum
Accepting ETH, Fiat
Minimum investment 100 USD
Soft cap 1,500,000 USD
Hard cap 15,000,000 USD
Country Lithuania
Whitelist/KYC KYC & Whitelist
Restricted areas USA, China

Website: https://sidera.io/

Telegram: https://t.me/sideraofficial

Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf

Linkedin: https://www.linkedin.com/company/sidera-blockchain-technologies

Author btt profile: https://bitcointalk.org/index.php?action=profile;u=2268652

Btt username: yetundefas

Eth address: 0xB6a101a1A827141deb9090C2fAE24d62a8aCc6c1

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