It cannot be denied how cryptocurrencies, most especially Bitcoin, are already becoming a household name in many parts of the world, but neither can we deny that an even bigger number of people are still clueless about virtual currencies. Accordingly, there are about 6 million active bitcoin users in the world, and this number, when you think about it, is pretty sizeable, but with the world population nearing 8 billion, this number of bitcoin users pretty much accounts to almost nothing.
And that’s a shame, really, because cryptocurrencies are helping to address numerous problems we encounter with traditional currencies and even credit cards. Cryptocurrencies cannot be duplicated and can virtually eliminate counterfeit problems. Cryptocurrencies may also help bring down transaction costs as financial transactions can occur without relying on third parties to make them hapen. Moreover, cryptocurrencies can make financial services available even to the unbanked sector. Do you know that there are about 2 billion people without a bank account? Maybe, they have a poor credit rating or perhaps they don’t have a credit history that makes them unqualified to own a bank account. Either way, they are unable to enjoy banking services, apply for credit cards or qualify for loan availments. Well, the number has decreased by as much as 20% in 2014, and experts are confident the unbanked population can be further reduced by digitizing payments.
There are several possible reasons why most people are still in the clouds when it comes to cryptocurrencies. Mostly, perhaps, it is because they don’t understand the technology behind cryptocurrencies which leads them to think that cryptocurrencies are only for technology experts and not for regular people. Perhaps, too, they feel that cryptocurrencies cannot be made part of their daily life. They can’t use them to pay for groceries, coffee, clothes, or other basic necessities.
Sidera aims to get people warmed up to the idea of Bitcoins and cryptocurrencies through its revolutinary product, SmartBit, and consequently increase the number of crypto holders in the world by at least 1 billion, or 12.5% of the estimated world population.
SmartBit is a Decentralized Wearable Device (DWD) that can be easily wrapped around your wrist. It’s an innovative gadget, the first of its kind that allows cryptos to be stored in the wrist, and is packed with many great features. It’s decentralized, with multiple layers of security, and it connects to a smartphone application which gives it the ability to manage phone notifications and other tasks running on the app. It is also equipped with the capability to auto-detect transaction addresses, a ghost mode feature, a QR code generator, and a trading platform, to name a few. SmartBit is integrated with NFC POS technology, as well, allowing you to use it to pay for just about anything, anywhere. Shop till you drop, and activate your wallet by simply moving your arms. SmartBit, too, enables off-chain transactions to occur, wrist-to-wrist, between SmartBit devices, meaning, you can send and receive cryptos to and from other SmartBit devices in close proximity.
This is it, the wallet that will serve as the perfect bait to encourage the use of cryptocurrencies:
How can you say no to a gadget that looks really classy and smart, and functional at the same time? You can customize your watch’s interface and you even get to choose to have news and weather updates, and a lot more, to show up on your watch. The design alone is expected to already make waves, what more when consumers realize they can do a lot more with the device than store and spend their cryptocurrencies?
It is like having your wallet on your wrist, no longer in your pocket or in your bag. You must agree, it is more convenient, and safer, this way. Even if you lose the smartphone or the watch itself, you are assured that nobody else will be able to log in to your account with one gadget missing. Even if you lose both at the same time, your wallet is integrated with a built-in sensor, and layers of security that will make it impossible to make withdrawals or fund transfers from the wallet.
As mentioned earlier, a trading platform will also run on Smartbit devices. It’s Continuum, another pioneering product of Sidera, and the first-ever Decentralized Wearable Exchange in the world that promises “super fast” transactions and instant payments.
So while Sidera hopes to increase crypto adoption by only 1 billion users, it looks like it will surpass its initial goal by folds. The number of unbanked people is already 2 billion, and most of them will very likely jump into the crypto currency wagon to avail themselves of financial services without going thru the hassle (and heartaches) of opening an account in brick and mortar banks. Let’s not forget, too, we are living practically amidst a gadget generation where almost everyone is in possession of at least one gadget. In fact, do you know that there are now more gadgets than people? So do you think that the people of this generation will pass up the opportunity to own the latest gadget? This writer doesn’t think so!
Sidera looks to earn between 1.5 Million USD and 15 Million USD from crowdfunding efforts for the development of the device, operations, and other essentials. To this end, a utility token, eQUOS, has been created. Investors can get into the program with as little as 50 eQUOS or 100 USD.
Token Details:
Token: eQUOS
PreICO Price: 1 eQUOS = 2 USD
Price: 1 eQUOS = 2 USD
Platform: Ethereum
Soft cap: 1,500,000 USD
Hard cap: 15,000,000 USD
Country: Lithuania
For more information, visit the following pages:
Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4756894
Website: https://sidera.io/
Telegram: https://t.me/sideraofficial
Twitter: https://twitter.com/siderabc
Facebook: https://www.facebook.com/siderablockchain/
Medium: https://medium.com/@siderablockchain
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149