Social Media and the blockchain have been the two greatest disruptors invented in the last decade. Instant connectivity from social media has changed how we interact, mainly eliminating face-to-face as the primary way that we connect. The blockchain is revolutionizing the financial technology (fintech) industry by changing the way that we send and receive payments.
Social Wallet has posed itself to take both of these disruptors and combine them into the platform that nobody has been able to dream of yet. Social Wallet has designed a platform where anyone can send and receive cryptocurrency over currently existing social media networks and email platforms. This explosive combination of disruption technology can lead so many new users to cryptocurrency, and help spread its adoption around the world.
Social Wallet: Finding The Right Combination
The Social Wallet platform is unique in the idea that it does not try to reinvent the wheel. It is not another social media platform, where you interact with other users. It is, a platform that plugs into existing social media sites and email providers. It has been designed with simplicity in mind, so much so that it only takes 4 steps to complete the process.
Once you have completed the process of making an account and logging in, there are only four steps to send cryptocurrency to another social media user anywhere in the world, quickly and securely.
First, you select the social media platform in which you want the recipient to receive tokens on. Next, you enter their recipients social media username to pull up their account. Then, you select the amount of tokens you want the recipient to receive. Lastly, you press send and watch as they receive the tokens.
One of the advantages of this platform is that there is no prior setup by a recipient like they would have to with PayPal. Also, they do not even have to know about the transaction for the tokens to be sent to them. Once you send them, they collect them.
If they already have an account with Social Wallet, then they just collect them through there. If not, then they will by prompted and guided through an easy set-up process to collect what you have sent.
How Do I Use It?
You’re asking yourself, “When am I going to use this platform? When will I send cryptocurrency?” Well, for example, you’re checking your Facebook and see that an old friend has fallen on hard times. You want to help them out, so through Social Wallet, you send them tokens right through to their social media handle.
Another one of your friends watched your dog last weekend when you were out of town. They said you did not have to pay them, but you are a great person and you feel like that they deserve some compensation. So, you open up Social Wallet, and shoot some tokens over their way.
A third friend of yours volunteers for a local animal shelter, and they just busted up a dog fighting ring and took in way too many animals. Their supplies are running low and they are looking for donations. You know a quick, easy, and secure way to send currency, so you open Social Wallet. You send it right to their business social media username, and they now have your charitable donation.
These are just a couple of applications for the Social Wallet platform, you can send and receive your tokens for any reason that you can think of.
Social Wallet Initiative: Charitability Through The Blockchain
The Social Wallet Initiative is our passion project, that we are devoting our hearts to. Using our social media reach, we will educate the world. Mainly, it will focus on the power and good of the blockchain, and about cryptocurrency and technologies associated with it. We believe in this process so much, that we are allocating 10% of the funds raised from our token sale to backup this project.
Unfortunately, there is estimated to be less than 1% of social media users that know about the blockchain and cryptocurrency. Through this initiative, we plan to change this by working closely with our community. We will amplify stories of “Social Good” so that people new to cryptocurrency can read for themselves the positive impact on people’s lives. We will unshroud the mystery of the blockchain and cryptocurrency to the average social media user.
The Social Wallet Debit Card
Ecommerce, an invention of the internet, is set to explode within the next 5 years. From this, electronic fund transfer platforms will be leading the way in innovation. Here is where the Social Wallet Debit Card comes into play.
The Social Wallet Debit Card allows its cardholders the unlimited opportunity to send, share, spend, and convert cryptocurrency. Keeping our ease of use tennant in mind, we made the Social Wallet Debit Card just as simple. There is only a one-time setup that will provide users the ability to transfer tokens into their desired currency.
The EARN Program
Social Wallet’s EARN Program is an aggressive venture in order to share the Social Wallet platform with new users. When a user signs up for a Social Wallet account, and then links their social media accounts to the platform, they will be able to start EARNing WIRE, Social Wallet’s cryptocurrency that runs the platform.
Phase 1 of the EARN program will be focused on amassing new users through social media advertisements, targeted ads, and networking in the fintech and blockchain community. Phase 2 focuses on amassing new users by giving them rewards for likes, retweets, shares, and other interactions with the community. The EARN program will also provide users with that brand recognition and trust for Social Wallet that will be hard to take away, once established.
WIRE You Not Buying More WIRE?
The WIRE token is the backbone of Social Wallet’s platform. It is a utility token that acts with a dual purpose. WIRE acts as the gas for the platform, meaning that it provides the fuel for sending and receiving transactions. Its second purpose is to act as the currency that is sent between users on the platform. This dual purpose helps keeps cost down, and the platform streamlined.
Tokens have started to go on sale on February 7th and will continue to go on sale throughout April. The minimum amount of tokens one can purchase is set at $100 USD with a $150,000 USD purchase cap per round. The Social Wallet Platform will go live on April 28th, the day after the token sale ends, and when the WIRE tokens will be distributed.
For a further breakdown and more technical specifications about WIRE, that might get lost here, go ahead and give our full whitepaper a read.
Wherever The Road May Take You
As of right now, Social Wallet is in the early stages when considering its roadmap. We know the road ahead of us is long, and that we do have our work cut out for ourselves, but we have set up ourselves for greatness.
We have just started our token sale, and up next is the launching of our platform. We have tipping pages, the Social Wallet Debit Card, Roadmap 2.0, and ecommerce integration all in the pipeline. We will bring you the best as we introduce the masses to cryptocurrency and the blockchain.
The blockchain and cryptocurrency are still very young. Bitcoin was created in 2009, and look at the explosion in the past decade. There are so many altcoins and ideas created using the power of the blockchain. This is just the first step to widespread adoption.
Social Wallet is here to facilitate that very idea. With social media integration, WIRE, the Social Wallet Debit Card, the Social Wallet Initiative, and the EARN program, we are providing the cryptocurrency community a chance for real success and longevity.
We know the amazing effects of the blockchain and cryptocurrency, we have experienced them firsthand. Now, it is time for us to spread that wealth and knowledge to the rest of the world. For more information, visit us on the web at http://www.socialwallet.io.
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Give us feedback
Social Wallet is a platform that has specifically been created for our users. We want people who have very few technical skills to have an opportunity to join the cryptocurrency community in an easy and fun way. Take a moment to leave a comment below and tell us how we are doing!
Join the Social Wallet Discord chat
Do you have questions left unanswered? Would you like to be part of the Social Wallet community? Take a moment and join our discord room by clicking on the 'Join discord chat' button below!