Presentation
Sidera combines the best of both worlds, combining the Blockchain technology revolution with the innovation of IoT handheld devices. - Camillo Piscitelli - Project Envisioner
Sidera launches SmartBit, the world's first portable decentralized device. They want to change the cryptocurrency market by allowing for the first time to store cryptocurrencies around your wrist with integrated and portable wallet using a smart watch with infinite possibilities.
The purpose of these devices is to provide its users with an easy, convenient, innovative and safe way to manage the Crypto environment.
The details
Nowadays, Bitcoin is becoming a revolutionary new way of doing business between people, offering an innovative decentralized system that guarantees the security and confidentiality of these transactions.
Although the technology behind Bitcoin is truly exceptional, it is still difficult to manipulate this digital currency in a simple and intelligent way. Compared to fiat currencies, Bitcoins and cryptocurrencies in general are not yet very practical, limiting their spread to technology experts, enthusiasts and some investors.
The Bitcoin environment is far from being used by everyone. The goal of their project is to make crypto-currencies more attractive and fully scalable, with a simple and enjoyable way to process transactions, while strengthening its security.
Sidera is a complete end-to-end solution for contactless systems and smartwatch retailing. The platform will include a mobile application and point-of-sale terminals that are apparently already deployed. The Sidera network encourages participation by providing free material for retailers in Europe, their first targeted geographical area.
Users are encouraged to participate in the Sidera network thanks to the ease of use and simplicity of a smartwatch. They think that with this solution that reduces the complexity and adds relevance to cryptocurrencies we can see a faster adoption of digital currencies.
How it works
SmartBit allows you to receive, send and manage Bitcoins and any other ERC20 cryptocurrency or token entirely through the smartwatch around their wrist in a secure way.
SmartBit devices are connected to a smartphone / PC application via Bluetooth. This allows the smartwatch to manage the tasks running on the smartphone / PC application. They develop a cross-platform application that extends the functionality of the smartwatch by processing specific tasks.
Here are the most important basic features of the SmartBit device:
Date and time with the current price of Bitcoin or other.
Ability to choose the specific currency to display (eg BTC / USD, BTC / EUR, BTC / CNY) and from which source (Example: CoinDesk price).
Ability to switch to graphic mode.
SmartBit allows users to receive phone notifications. like all other smartwatches on the market.
Receive and send Bitcoins or any other cryptocurrency from the SmartBit.
Allocation of tokens:
72%: donors
15%: founder and team
6%: employees
4%: reserve
3%: advisors
The 4% reserve is dedicated to commercial and technical actions for development. 1% of all donations will also be donated to charity.
Capitalization
15M USD, Sidera arrives in the top 300 on Coinmarketcap. An increase in the value of money can therefore be easily imagined.
Easier progress margin
Plus with a soft cap at only 1.5M USD so a ranking in the top 800, this ICO has a potential for significant evolution.
To know that the soft cap is already reached but that if it had not been, the funds would have been returned to the investors. If the hard cap is when it reaches them they will stop donations.
Supply:
The total supply will be 51M Tokens, and the unsold tokens will be burned, a margin of progression simpler is therefore highly possible.
Project progress
Medium development
The project dates from September 2016, and it will be necessary to wait until December to have a Beta, but the distribution of the tokens is in October. A drop may be expected during this period of time.
Communication on social networks
Facebook:
About 6K likes on the page itself and several hundreds of likes on posts but few comments.
Twitter:
7.4K followers, about 500 RT per tweet but few comments. Beware their Airdrop requests RT.
Telegram:
31K members, responsive admins but few comments too
Bitcointalk:
an article on the ico and an article about their bounty program with 450 pages of entries
The team
Camillo Piscitelli → founder
Has worked as an analyst and researcher in the fight against cybercrime and cybersecurity solutions.
Would have founded a startup specialized in mobility, eco-sustainable solutions and new energies.
Marco Doni → CEO
entrepreneur, trainer, professional trader and author, whose mission is to help experienced and inexperienced investors maximize the monthly income from their investments.
Sanem Avcil → Advisor
is advisor for several ICOs
is considered an expert of the Blockchain
Top 10 Influencers in Virtual Reality and Augmented Reality (AR / VR)
The team is too large to be detailed in detail. Indeed there are 5 people in charge of development who seem to have experience in the field of blockhain. 15 people in charge of business and marketing, and also about fifteen advisors including several in the field of law which is a good thing. Be careful though, some advisors did not mention Sidera in their linkedin profile.
Chronology
September 2016: First idea and concept.
April 2017: Research on the first concept.
September 2017: Constitution of the founding team.
Q1 2018: First prototype development.
Q2 2018: Whitepaper and website.
July 15: Pre-distribution launch.
August 1st: Launch of the public distribution.
September 1st Token distribution
December 2018: BitSmart App Beta release.
January 2019: request gLTD.T1 2019: Continuum Exchange & release of beta.
Q3 2019: BitBand & BitWatch distribution
2020: Military, financial and security implementation.
2021: Development and implementation in the health sector.
Our opinion
Most 📗:
Close up of marketing. Giveaways, aidrops, showcases, meetups and other events are planned.
Good security provided for the watch. For example, if you lose it, no one else can use it.
The ride can be activated in ghost mode to look like a regular watch
If their project works, and the watch is actually easy to use, it may indeed allow a better spread of the use of cryptocurrencies
These are the first to create "wrist-wrist" transactions thanks to their smartwatch
The unsold tokens will be burned according to their telegram but it is not marked in the whitepaper
1% of all donations will also be donated to charity (not really a good thing, but it's always good to have a company that can "give back")
The least 📕:
There is no detailed information about the utility functions of the token
The tokens of the team are not subject to a blocking period
No MVP so difficult to get an idea of the whole project
Plans in the whitepaper for implementation in the global market sembent a little optimistic
Many translations of whitepaper but not sure they are correct. The one written in French is for example a copy paste of google translation and is therefore incomprehensible (the whitepaper Fr)
Useful links :
Website: https://sidera.io/
Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf
Telegram: https://t.me/sideraofficial
Twitter: https://twitter.com/siderabc
Facebook: https://www.facebook.com/siderablockchain/
Reddit: https://www.reddit.com/user/SideraBlockchain? st = JIRSDIAI & sh = dd548a81
Profile: https://bitcointalk.org/index.php?action=profile;u=2027828
ETH: 0x73998E2fB5604606E87585edc2C834539400985B