ABOUT SMILO
The Smilo platform was born from a spark of inspiration in June of 2017, when the founders of Smilo noticed some blockchain-based platforms were created with privacy and anonymity in mind, but none of these platforms could provide users with smart contracts and decentralised applications.
Smilo is a unique blockchain platform which supports the combination of hybrid transactions, hybrid smart contracts, and hybrid decentralised applications — with ‘hybrid’ referring to both public and private. Smilo’s intent is to use blockchain technology to create an alternative protocol for decentralised applications.
Smilo’s unique strength stems from its combination of several features. The best affordances of the Smilo platform are the hybrid transactions, -smart contracts, and -decentralised applications. No other platform has yet to combine these features. A combination of these features is very useful in many different scenarios, examples of which are explored further below.
Smilo’s intent is to use the blockchain to create an alternative protocol for decentralised applications. Smilo’s unique strength derives from the combination of multiple features:
- Hybrid smart contracts
- Hybrid decentralised applications
- Hybrid transactions
- Transparency
- Privacy and anonymity
- Connection to real life applications
SMILO HYBRID BLOCKCHAIN
Smilo is a revolutionary “hybrid” blockchains platform that will be able to host hybrid transactions, smart contracts and decentralized applications. Low power consumption will ensure the sustainability of the Smilo blockchain, making it eco-friendly. This is achieved with a hybrid consensus mechanism that is based on the Proof of Stake (PoS) and The Byzantine Fault Tolerance Plus (BFT+).
Meanwhile, a unique Smilo Network Protocol (SNP) will ensure scalability, enabling to create a network that is 100 times faster than Ethereum. Smilo will feature low fees, total decentralization and complete Ethereum blockchain and smart contracts compatibility. Smilo blockchain eliminates the mistakes of its predecessors, as well as bringing blockchain technology closer to mass adoption.
Smilo blockchain platform can power both private and public blockchain networks and Decentralized Applications. The Smilo team states that their goal is to develop a full-featured blockchain platform that will host hybrid transactions, smart contracts, and decentralized applications. The developers claim their solution can be adopted in the following fields: medical sector, product tracking, insurance industry, logistics, etc.
SMILO ADVANTAGES
Smilo uses a unique and self-made The Byzantine Fault Tolerance Plus (BFT+), BFT is the same as Proof of Stake (PoS) faster and more efficient, but both were not perfect. The standard BFT and PoS mechanism is not the safest consensus mechanism. For this, Smilo has improved the standard BFT mechanism by creating a unique Smilo BFT + consensus mechanism. The mechanism is fully safe, measurable, fast, and sustainable transactions. So that with this Smilo has many advantages including:
Transparent: Users can monitor transactions more transparently, By using this technology
Anti Corruption: With transparency, it can minimize or even eliminate acts of corruption in each transaction
Sustainable: Green blockchain platform via Smilo BFT + protocol.
Privacy protection: Through smart contracts and hybrid transactions
Secure: Smilo's BFT + offers better security than the previous mechanism.
Fast and Scalable: This platform will be 100 times faster than ethereum or other platforms
Affordable: Smilo provides transactions with a much cheaper fee
Anti Corruption: With transparency, it can minimize or even eliminate acts of corruption in each transaction
Sustainable: Green blockchain platform via Smilo BFT + protocol.
Privacy protection: Through smart contracts and hybrid transactions
Secure: Smilo's BFT + offers better security than the previous mechanism.
Fast and Scalable: This platform will be 100 times faster than ethereum or other platforms
Affordable: Smilo provides transactions with a much cheaper fee
THE SMILO TOKENS
The system will employ two tokens: Smilo token (XSM) and SmiloPay token (XSP). The Smilo tokens are an integral part of the Smilo network. They represent users’ personal shares and power to influence the network. SmiloPay tokens will be used to pay all service fees. Used as a service fee to register or change assets. This service fee will then be distributed proportionally to all Smilo owners, which means that SmiloPay will be circulated through the system.
ICO Information
Token Name: Smilo Token
Token Symbol: XSM
Total supply: 200,000,000 XSM
Tokens for Sale: 84,960,000
Price in ICO: 1 Smilo = 0.25 USD
SoftCap: USD 2,500,000
HardCap: USD 18,000,000
Token Symbol: XSM
Total supply: 200,000,000 XSM
Tokens for Sale: 84,960,000
Price in ICO: 1 Smilo = 0.25 USD
SoftCap: USD 2,500,000
HardCap: USD 18,000,000
Token Distribution
ROADMAP
Q1 2017
– Idea from Elkan Roelen (founder)
Q2 2017
– Forming Smilo’s team
– First written foundations
Q3 2017
– Start prototype development
– Research of different network protocols
and consensus algorithms
Q4 2017
– Whitepaper development
– First partnerships
– Prototype development:
– Implementation of blocks, transactions
and verifications
Q1 2018
– Website launch
– Official BV registration
– Opening community channels
– Prototype development implementation of:
– Smilo BFT+ with SPoRT
– Private transactions
Q2 2018
– Private sale
– Prototype development:
– Implementation of light wallet
– Open-source prototype on Github
– Starting development of:
– SmiloVM
– SmiloContract
– Smilo SDK
Q3 2018
– Private pre-sale
– Starting testnet development
– Starting hardware wallet development
Q4 2018
– Testnet launch
– Light wallet launch
Q1 2019
– Community-driven performance tests
– Consult and help partners with first Dapps
– Start development of Smilo’s secret Dapp
Q2 2019
– Public sale
– Mainnet launch
– SmiloContract development
– Implementing new languages
– Language choice based on
community votes
– Mainnet launch event
– Token Distribution
– Exchange listing
Q3 2019
– Hardware wallet launch
– First DevCon Smilo developers
– Multiple Dapp launches by partners
Q4 2019
– Start DEX development
2020
– Extend Improved Sharding
– Multiple hardware wallet support
– Self sovereign identity
2021
– Off-Chain transactions
FOR MORE INFORMATION CLICK LINK BELLOW:
- Website: https://smilo.io/
- Whitepaper: https://smilo.io/files/Smilo_White_Paper_Latest.pdf
- ANN Thread: https://bitcointalk.org/index.php?topic=5039760.0
- Telegram: https://t.me/SmiloPlatform
- Facebook: https://www.facebook.com/SmiloPlatform/
- Twitter: https://twitter.com/SmiloPlatform
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