SID Token

 SID 

 

SID Tokens are in our view not securities, not shares, but rather a utility token. Any User or potentially interested Token buyer must therefore, before purchasing any SID Token(s), seek his own legal and tax advice to satisfy himself. SID future Tokens are in our view utility-based Tokens intended to be used in our SID decentralized internet data sharing ecosystem as the payment means of mutual settlements between members of the SID network for consuming shared internet or for consuming future ads. The SID Tokens have a purely functional utility nature intended primarily to trade Tokens in order to pay with those Tokens (vouchers) for consumed internet data. Token sales proceeds are therefore part of the company turn-over. Despite the efforts made by SID or the blockchain community at large to safeguard the security of crypto-currency technology, the potential development and deployment of any kind of advanced types of blockchain, computers, smartphones, tablets or servers in the future may put this security at risk. In such a case, the SID Token will be affected as well, in particular those parts associated on the same blockchain.

 

 

 SID Token

 A peer-to-peer and peer-to-multi-peer internet sharing eco-system (Share Internet Data or SID for short) that will allow sharing internet from one person’s Smartphone to another, specifically offering internet access to those less fortunate in society. This solution will however also allow individual returns to those who share their internet with others. Tokenomics are ensured by allowing users of this solution to trade traditional or crypto-currency into our future SID tokens and vice-versa, trade SID tokens for megabytes of internet data and vice-versa, trade consumed advertising into SID tokens, and trade (send and receive) tokens between users of the SID eco-system. 

We propose a solution to the status-quo where internet is mostly obtained from traditional service providers or mobile network operators. Our novelty is achieved by using crowd sourced internet in a peer-to-peer structure between nearby Smartphones as per our fully in-house developed intellectual proprietary eco-system based on: pending PCT patent WO2016124915A1 filed in 2015 and going forward provisional USPTO patent Application Number 62588951 filed in 2017. The Smartphones will automatically share internet with nearby smartphones or tablets, based on a set of parameters, and upload the encrypted users’ trades to BlockChain custodians. Such trades as described above will create future token growing liquidity in line with our company revenue growth. 

In this way, the key company mission of SID “To lift as many people as possible out of poverty by means of giving the less fortunate a way to access free internet access” is also achieved. The less fortunate will be able in future to get free internet access by collecting tokens in Summary of the Whitepaper (version of 18th April 2018) exchange of consuming advertising but without paying a penny for it. Such obtained tokens are then to be used to pay for consumed internet megabytes OR users can cash-out token through traded exchanges where other SID users will buy those to consume on the SID eco-system. 

One of the key features of this SID eco-system solution is that it will reward everyone, also the more fortunate well-off people of society to share their mobile data or private home Wi-Fi in exchange of tokens: 

(i) Till to date any non-consumed mobile data at the end of each month, on most traditional network operator’s contracts, is simply lost. Our solution allows these users to recover part of that in tokens through obtaining tokens for sharing their mobile data with other nearby SID users, not letting those otherwise unused megabytes go to waste each month.
(ii) Till to date any non-consumed home Wi-Fi data at the end of each month, on most traditional internet service providers contracts, is simply lost too. Our solution will allow SID users to recover part of that in tokens through earning tokens for sharing home Wi-Fi internet with other nearby SID users, not letting those otherwise unused megabytes go to waste each month. 

Please be sure to check your network operator or internet service provider terms and conditions, because some have a small print stating that the internet they purchase is only for private use and thus not for re-sale. Although anyone can activate on a smartphone the tethering or hotspot function, the mobile operator who provides the SIM can disable this option remotely although this is rarely done anymore. SID therefore includes an end-user setting to allow sharing automatically its Mobile data or not with nearby SID users and is prompted to confirm. SID is the ultimate of de-centralization because only the end-user decides if it shares its internet AND if it gets paid in tokens for its shared internet. 

In the same way as in the previous case, this SID solution incentivizes users to share their home or business internet data without giving their private or business password to any other person. Actually, traditionally, people used to give the password of their home Wi-Fi to visitors thereby exposing the security of everything connected to their internal Wi-Fi network. In our SID solution the user who is home shares internet with visitors through his Smartphone or tablet, over an encrypted proprietary link and therefore nobody has access to the internal Wi-Fi network at all. 

Our technology SID-SDK is available also through a 3rd party APP, Dunkin Donut´s franchise in Spain called Dunkin Coffee, through Frinwo S.L. in Spain, which resulted in 250,000 downloads of which 91,000 active mobile users who in turn will share internet with our own future SID users. Download our APP from the Play Store and App Store from our web: https://ShareInternetData.io/

Private Sale & Values
Contributors interested to support the SHARE INTERNET DATA (SID) project can do so now by signing up through this website where they will be able to Register and get SID Tokens, contributing with BTC, BCH, BCG, ETH, LTC, XLM (Stellar Lumens) or Fiat by bank transfer.

ITO Private Sale Started on
July 1, 2018 (19:00 CET)

Number of tokens for sale
10,250,000,000

Accepting
BTC, BCH, BTG, LTC, ETH, XLM, Fiat

Private Sale price
1 EURO = 100 SIDT

Minimal transaction amount
100 EUR

Token Distribution



Roapmap

DECEMBER 2016
First steps A patent was assigned to a start-up called Frinwo S.L. co-founded by one of the authors of the patent and a development team (R&D team) who would go on to implement the core technology of the patent in software code as proof of principle.
JULY 2017
AutoWiFi SDK running on Dunkin Coffee App One of two SDKs under development was completed, namely the AutoWiFi SDK and was consequently implemented in the APP of a real 3rd party client, namely “Dunkin Coffee” which is Dunkin Donut´s franchise for Spain, as proof of concept.
SEPTEMBER 2017
Testing Some key parts of a new patent, whilst writing this were tested by its author as to assess its novelty and to convince himself that a particular technical issue or shortcoming will truly be solved when implementing a particular embodiment or claim or combination thereof.
NOVEMBER 2017
SID SDK alpha version The first alpha version of the development of the second SDK was completed for Android, namely the SID SDK and is currently available only on the Android Play Store for current Users or potential new Users or potential future token (voucher) buyers. New patent The SID Co-Founder completed, after several months of work, the filing of the strategic pending provisional patent as sole inventor and registered at the USPTO on 21st November 2017

for more information:
Website: http://www.sidreferral.com/
Whitepaper: https://shareinternetdata.io/#whitelist
Writer: https://bitcointalk.org/index.php?action=profile;u=1203154
author:
BTT username: rivaldo2020
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2051385
0x320f6344D4BE878C96e77AD580e2EE132C4BF6F8