Social Wallet are currently conducting their ICO (initial coin offering - see https://sale.socialwallet.io) for their crypto WIRE. Full disclosure - I have bought some.
If you're not familiar with it, I reckon it's one worth checking out. See their website https://socialwallet.io
I read the White Paper for Social Wallet a few days ago (https://socialwallet.io), and I have been pondering the possibilities.
Essentially, Social Wallet is a blockchain designed to enable financial transactions (WIRE) over social media accounts and email.
If you just glossed over that, take a second to think about it.
Social Wallet is a blockchain designed to enable financial transactions (WIRE) over social media accounts and email.
So, WIRE can be purchased (presumably through an exchange - more detail on which exchanges you have lined up would be great, team) or received through FB or Twitter or by email (and seriously, only my mum doesn't have email now), and then sent to anyone you want via the social media platform of your choice. Or by email. This can happen in pretty much real time. No waiting.
According to the White Paper, WIRE will be able to be sent for any reason, to pretty much anyone, at anytime. Over Twitter. Or FB. Or steemit. Or email.
WIRE can then be exchanged for the currency of the receivers' choice at their leisure.
Ponder the uses and implications of this.
For those who don't know, blockchains are for all practical purposes un-hackable, because by their nature they require a hacker to take control of a distributed system of computers - multiple computers in multiple locations all around the world - at the same time to insert their hack.
It's worth noting too that the MinnowBooster team is backing the project for its potential to enhance STEEM. See https://steemit.com/socialwallet/@buildteam/buildteam-and-social-wallet-join-forces-to-revolutionize-social-media
And while it's not launched yet, the White Paper notes it is on track for a Q2 2018 launch, and the SocialWallet is already synced to FB, Twitter and email.
The ICO has a 20% bonus at the moment, but you need to buy at least USD $100.
I'm no financial advisor, and this isn't financial advice. But from an innovation and creative-disruption perspective, I reckon this one's worth a look.
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