Social Wallet review

profit-shooter (61) in ico • 7 years ago (edited)

Social media networks have become an important part of modern society. They provide people opportunity to express themselves via virtual communities, facilitate sharing interests and ideas, and create new and unique content. Web-based technologies (on desktops, laptops, smartphones or tablets) allow for accessing social media services almost from any location thus making them a universal way of communication. Furthermore, digitization of communities leads to moving from face-to-face business activities to digitally-based platforms thus forcing social media networks and blockchain technologies integration.

The first of such platforms is called SOCIAL WALLET and it enables using existing social network infrastructures for quick, easy, and secure sending cryptocurrency. Let us look into this powerful platform for more details.

About SOCIAL WALLET project:

Website: https://socialwallet.io/
Whitepaper: https://socialwallet.io/whitepaper.pdf

Integrating Social Wallet into multiple social networks will simplify sending and receiving cryptocurrency due to the ability for accessing funds in a fast manner and making secure transactions (only the receiver`s social media username will be required). Such approach implies changing and reorganization of financial procedures for businesses, groups, and individual in terms of mediating transactions via social media platforms.

The simple process of sending your tokens is executed in 4 simple steps:

Select the social media platform you want the recipient to receive the tokens;
Enter the social media username of the recipient;
Select the number of tokens to send;
Send tokens.

Social Wallet advantages:

📌 Ease of use (one of the main advantages in current blockchain market) will grant the ability to send tokens via Email, Twitter, Facebook etc;
📌 Speed and reliability (core tenets of blockchain technology);
📌 Saving costs due to bypassing tired banking systems that result in slow payments and accrual of transaction fees.

WIRE token specification:

Social Wallet platform will be fueled by WIRE token (a cryptocurrency that will be sent to the recipient`s social media account). There will be a possibility to divide WIRE into any desired amount and send it across all major social networks. The major WIRE coin specifications are as follows:

Cost of 1 WIRE token: $0.15 USD
Minimum Purchase: $100
Maximum Purchase: $150,000 per round
Tokens Required For Masternode: 35,000 WIRE
Purchase Options: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Steem, Steem Dollars (SBD)
Tokens Available For Token Sale: 35,000 WIRE
Circulating Supply: 250,000,000 WIRE
Hardcap: $28,125,000
Built on Bitcoin Core 0.10.x. with all v0.13.2 updates and Dash core v0.12.1 BIP38

It must be emphasized that around 25 million of WIRE tokens will be held by the team for a period of 3 years and used for maintaining stable platform operation. Unsold tokens beyond 25 million will be burned upon the completion of the token sale.

Token Sale Schedule:

The Token Sale campaign will run between February 7, 2018, and April 27, 2018. This campaign consists of 6 rounds (each approximately 2 weeks in duration) with bonus allocation for contribution within rounds timeframe.

Project team:

The project team is quite large and consists of four founders and many experts having experience in related fields of knowledge. Involvement of three reputed advisors also proves the commitment of the founders to lead the project to successful completion.

Conclusions:

I consider the Social Wallet project very promising in terms of high return on investments (ROI). Well-designed concept along with preparation and implementation can really facilitate the development of blockchain-based platforms in combination with social media networks.This project will bring benefits both for active users and investors.