What is Share Internet Data (SID) Project?
What is Share Internet Data (SID) Project?
Share Internet Data (SID) is a peer-to-multi-peer decentralized internet sharing system that allows sharing internet from one person's Android smartphone to another nearby in an automated manner.One of our 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 for 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 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) future token Wallet in the SID App.
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 into our 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.
Share Internet Data Features:
Tried and tested- Under their integration with the Dunkin Donuts franchise App, SID developed a solution (Dunkin Coffee) that ended up becoming a real success.
Working product- Apart from Dunkin Coffee, SID also have an APP on Play Store and App Store. That makes it a legitimate and established product even before the ICO.
Patent-pending- the SID platform is designed by two pending patents (2015 and 2017). For now, that makes the SID system free for use with the Initial Token Offering set to usher in use of tokens for access.
Humanitarian approach- under their goal for global connectivity, SID will seek to accommodate even the poorest of users the ad viewing option.
Actual partnerships- several of SID adviser members are from other ICO enterprise sectors (David Drake, Vladimir Nikitin, and Simon Cocking). Additionally, SID technology is working to integrate into large-scale retailers who own gas-stations, and hotel stops to expand their customer's internet connection.
Secure- smartphones will connect securely to the SID network and host other nearby SID-enabled devices.
Share Internet Data Solution:
SID 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.
How does Share Internet Data Work?
The SID platform will provide for a cryptocurrency as a utility token (SIDT) allowing token buyers to pay for the internet shared among themselves. The crypto coin also goes into use into paying for transactions within the SID network. Those who cannot afford the tokens can opt for another option provided by SID. The solution will allow the user to view ads and earn tokens. The tokens can then be used to purchase the internet sharing access. The business model will look to help users from deprived areas to access the internet.
Roadmap:
Token Sales Detail:
The SID Tokens accounts are aimed to pay all of their administration & custody fees in SIDTs whenever possible, or in other crypto currencies, which are bought from the open market. To encourage sharing economy, SID Users sharing their connections are aimed to have their accounts credited with SID tokens (SIDT) as defined by the company from time to time on our website. The amounts of SIDTs credited to users, are aimed to be calculated by algorithms based upon estimated share of revenues from advertising when consuming future Ads or the amount of internet data and source home-WiFi, mobile data, country etc..)
Token: SIDT
PreICO Price: 1 EURO = 100 SIDT
Price: 1 SIDT = 0.01 EUR
Bonus: Available
MVP/Prototype: Available
Platform: Stellar
Accepting: BTC, BCH, BTG, LTC, ETH, XLM, Fiat
Minimum investment: 500 EUR
Hard cap: 80,000,000 EUR
Country: Gibraltar
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA, China
For more information:
Website: https://shareinternetdata.io/
Whitepaper: https://s3-eu-west-1.amazonaws.com/sid.frinwo.com/whitepaper/WhitePaper_Summary.pdf
Telegram: https://t.me/SID_English
Twitter: https://twitter.com/sid_frinwo
Facebook: https://www.facebook.com/shareinternetdata
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373