After being awarded the 1st ICO compliance verification by industry authenticators GECKO Governance, Sylo is showing us that it's in this game to win it. Sylo's game-changing application (or should is say the game-changing Sylo Application) wants to give users full control of the information they own. One of their main goals is to ensure every individual is free to act or speak freely online without ever having to worry about a third-party snooping on you or your information.
We all use messaging apps, whether you prefer WhatsApp, Messenger, Telegram or iMessage, we all depend on these communication applications in our everyday lives, but most times users don't really know the levels of privacy they're accorded every time they send a message. Does the parent company look through the messages you send, does the FBI do it or does your cell network do it, we're not sure?
In recent times, we've seen more and more messaging applications introduce a feature known as (E2EE) End-to-End encryption whereby messages are encrypted by the sender to disallow any third party from decrypting them. But even this method has raised its suspicions.
Read this article here and you'll realize just how easy it is for a hacker to poke around your messages.
With Sylo, you don't have to worry about such a situation ever happening to you. The Sylo application is built on top of the Sylo protocol which is basically a complex networking layer built on blockchain technology, that facilitates easy and faster P2P connections to allow for the seamless transmission of data over the network.
The Sylo protocol will ensure all the data formats are standardized for the connected applications inside the Sylo ecosystem to ensure the platform is able to properly exchange and use the information shared by users and the Sylo storage.
According to the company website, Sylo is looking to create an environment so accommodating that users and businesses can communicate and interact with each other fairly and most importantly in the same way they would face to face.
Other than allowing for clear video, crisp voice and fast messaging functionalities, users can charge for the time they spend on call or on video. For example, an interior designer can easily take payments right from the app for every hour they take advising a client on their home.
More awesome features of the Sylo Application as outlined by their whitepaper include a Token wallet that will allow users to store ERC20 tokens which they can use to purchase products and services, another feature is the application's user profile which works just as any social media account would, allowing you to edit and modify your identity and personal information at will, the app also has a unique Address book that will sync all your personal contacts and contacts from your connected apps, store them in a decentralized manner and keep them safe thanks to the Sylo protocol.
Finally, my personal favourite - the connected applications feature, which works kind of how an app store does, allowing you access a suite of dApps that are already inside the Sylo application to extend the current functionality of your ecosystem. This is made possible by an App Connector Tool Technology. For example, users can add a cab hailing dApp to the app and quickly request a ride, communicate with the driver and ultimately pay for the cab once the transaction is completed. The best part is users can get tokens as rewards every time they download specified connected applications.
Taking part in the Main Sale.
Starting from 18th October 2018, of the 10,000,000,000 SYLOs (The company's main utility tokens), just about 3250000000 will be put on sale by Sylo Protocol Pte. Ltd. The rest will be distributed as follows; 25% (250000000 SYLOs) will be left inside the reserve to be used for future growth and development purposes, 10% (100000000 SYLOs) will be given as incentives to developers who will be working to improve upon the platform, make it better, the other 10% (1000000000 SYLOs) will be left for the referral and incentives programs to foster the growth and adoption of the platform.
If interested, you can register for the main sale here
*Please note that thanks to legal issues, U.S, Korea, Singapore and Chinese nationals are not permitted to participate in the buying of SYLOs.
Conclusion.
Let's see what's in store for us in the coming months, In the first quarter of 2019, thanks to software, users will be able to use SYLOs in the Sylo app, this period will also see the release of the MainNet as well as the release of the DApp marketplace.
On Medium
On Facebook
On Twitter
Company Whitepaper
Official Website
Telegram
App on Google Play
App on App Store
The company has also created a short informative 1-minute intro video about Sylo with everything the company will be offering, so if you're not able to read through the white paper you can check out the Introduction Video instead.
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Rhinoboy11
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