Many of you will already be familiar with Silk Road, the infamous online marketplace where everything was for sale. I remember the first time I heard about Bitcoin was in connection to Silk Road, where it was required for payment.
Silk Road was the fastest growing online marketplace of all time, generating $1.2 Billion in revenue in under two years before it was shut down. Now in 2017, a new anonymous marketplace is about to be launched, except this one can’t be shut down.
Safe Exchange Coin and the Chille Blockchain
Safe Exchange Coin is cryptocurrency that represents your stake in the Safe Exchange organisation.
Decisions by the organisation are determined by a vote using Safe Exchange Coins. This process is transparent because they are recorded on Bitcoin’s public ledger.
The Safe Exchange Organisation is on the brink of deploying a software called the Chille Blockchain. Chille Blockchain establishes a marketplace for people to transfer money and to buy or sell goods and services anonymously in any amount, at any time, to anywhere very quickly.
It cannot be shut down by anyone.
When the marketplace is launched a part of the Chile Blockchain will be granted to the Safe Exchange Coin holders. Also when a trade or transfer of money occurs on the Chille Blockchain a network fee is charged. Part of this fee will be earned by Safe Exchange Coin holders regularly as a dividend.
Dividends on earnings are automatically deposited to your Safe Exchange Coin wallet in real time.
Your assets cannot be frozen or seized and there are no prerequisites required for owning Safe Exchange Coins.
Safe Exchange Coin as an investment opportunity
Safe Exchange Coin is currently trading at 163 Satoshi ($0.0041278) according to coinmarketcap.com. Once Chille Blockchain is launched I can’t see that price staying under a cent, and who knows, if Chille Blockchain is anywhere near as successful as Silk Road its price could balloon further.
Obligatory endnote: this is not investment advice.
Thanks for the heads up scrilla, nice one to file away.
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WOW man.. just curious how do you know what the optimal amount of follows per day are on Steemit?
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No
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Why not?
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This post has been ranked within the top 50 most undervalued posts in the first half of Jun 29. We estimate that this post is undervalued by $28.61 as compared to a scenario in which every voter had an equal say.
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Awesome post scrilla, keep them coming. Where did you hear it's going to be used for the next silk road? Seems like a logical argument from what you wrote but why wouldn't monero or another similar coin be used?
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The Chille Blockchain is the marketplace that could become the next Silk Road. It is a part of the Safe Exchange organisation, hence the relationship between Safe Exchange Coin and the Chille Blockchain.
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