Overview

  • Country Cayman Islands, Colombia, Singapore, Ukraine, USA, Venezuela
  • CategoryBlockchain Infrastructure/ Semi-stable Digital Money

Send (SDT) is the first semi-stable digital money for the blockchain-powered economy.

Project stage

Beta version

Detailed description

Send Protocol is the creator of Send SDT, a non-collateralized, semi-stable digital currency powered by the blockchain. Send SDT redefines the principles of price formation with a focus on real use. With 12,000 active users, Send Protocol is demonstrating the potential for a semi-stable digital asset to become the global digital currency standard for massive adoption. 

Send Protocol solves exchange fluctuations and high volatility for individuals, institutions, and apps seeking to store, transfer or exchange any form of value.

Problem

Major challenges of cryptocurrencies:

High volatility
Cryptocurrencies have opened a new market, which accounts for 11.4B USD in daily transactions and demonstrates the value of decentralization and the freedom to perform exchanges. However, price volatility caused by speculation has become one of the barriers preventing the mainstream adoption of cryptocurrencies.

High speculation
Rapid value changes of up to 15% in one day have led to cryptocurrencies being considered high volatility assets. The decentralized infrastructure of cryptocurrencies results in pricing that is dependent on market forces and increases vulnerability from speculation by individuals who aim to manipulate the market and currency holders’ emotional states through news releases6 and market manipulation.

Lack of user-friendliness
Continually developing blockchain projects are improving the speed, scalability and security of cryptocurrency transactions, but there remains a need to enable non-technical community members to start using cryptocurrencies in their daily lives. Existing systems of wallets, marketplaces and apps are very complicated to use which limits more universal adoption. Despite a growing number of software and hardware applications, most users are considered early adopters of the cryptocurrency economy.

Solution

A combination of negative factors related to the use of cryptocurrencies prevents mass adoption. These include volatility, speculation and a lack of user-friendliness. It is necessary, therefore, to develop a new type of digital asset that addresses these challenges. Although there is not a unique solution, the process of acquiring and using cryptocurrencies should be simplified to correct the negative image and increase awareness by integrating more users into the market economy. 

To transform a digital asset into a widely accepted and widely used unit of account (money), the asset should move through the following five stages:

  • SDT as a concept: Price consensus mechanisms are designed and set-up
  • SDT as an asset: Tokens are released and price becomes a function of market forces arising out of a large number of diffused transactions rather than the efforts of any single group or person
  • Power of community: Individuals and organizations adopt the token and add liquidity to the network by completing regular transactions
  • Mass adoption: A solid, growing community of third-party applications and users contribute to a strong market
  • SDT as money: Globally-recognized SDT tokens function as a store of value, as a medium of exchange, and as a unit of account.

Features

Stable rate per limited time
SDT token holders enjoy periods of stable use within the Send Network of Apps.

Liquid value
Each new consensus period, a transparent formula analyzes token use to discover a new SDT price.

Forecastable growth
When volume and liquidity increase within the Consensus Network, SDT value expands.

Backed by consensus
Consensus Network Apps integrate the SDT Consensus Price as a minimum for transactions.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : SDT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 231,000,000 SDT
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :700,000,000 SDT
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :231,000,000 SDT
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Algeria, Bangladesh, Bolivia, Cayman Islands, China, Cuba, Ecuador, Iran, Iraq, Kyrgyzstan, Macedonia, Morocco, Nepal, North Korea, South Korea, Syria,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Stage 1: All tokens are granted on vesting times from 1 day to 3 months for general buyers. You can claim your vested tokens at any time through a calling function in your wallet. 

    Stage 2: Tokens purchased during initial price formation process will be immediately accredited to same ETH address where the purchase came from.

    Unsold tokens

    Will be burned.

      • Token Distribution

          Vesting notes

          • Crowdsale: All the pre-sale investments have 3 month vesting.
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Post-distribution — Soon
      Start Soon
      NA No - Uncapped Uncapped
      Public sale — Soon
      Start Soon
      0.2 USD No - Uncapped 161,000,000 SDT
      Pre-sale — Ended
      15 Aug 00:00 UTC
      16 Sep 04:59 UTC
      0.14 USD No Min 10 USD Uncapped 26,600,000 SDT
      Private sale — Ended
      12 Jul 00:00 UTC
      0.1 USD No - Uncapped 43,400,000 SDT
      Pre-sale

      3 months vested from July 1st

      Read more about vesting and bonus
      • Team

        • Camilo Jimenez photo
          Camilo Jimenez
          Co-Founder & Chief Executive Officer
        • Francisco Córdoba photo
          Francisco Córdoba
          Co-Founder / COO & Chief Visionary
        • Marcio Abreu photo
          Marcio Abreu
          Co-Founder & Chief Technology Officer
        • Sarah Kate Hartt photo
          Sarah Kate Hartt
          Communications Director
        • María Helena Barros Burchardt photo
          María Helena Barros Burchardt
          UX Lead
        • Nikolay Rusinko photo
          Nikolay Rusinko
          QA Engineer
        • Felipe Linares photo
          Felipe Linares
          UI Designer
        • Daniela Escobar photo
          Daniela Escobar
          Community Dev. Coordinator
        • Eugenio Mendoza photo
          Eugenio Mendoza
          Full-Stack Engineer
        • Martin Ocando photo
          Martin Ocando
          Full-Stack Engineer
        • Jairo Bernal photo
          Jairo Bernal
          Full-Stack Engineer
      • Advisors

        • David García
          Cryptocurrency Advisor
        • Andres Ricaurte
          Business Development Advisor
        • Klaus Hott
          Blockchain Advisor
        • Fabian Vega
          Strategy Advisor
        • Jose Eduardo Bazoberry
          Remittances Advisor
        • Alex Torrenegra
          Strategy Advisor
        • Nasrat Khalid
          International Projects Advisor
        • John Vasikaran
          African Markets Advisor
        • Patricio Molina
          Latin American Markets Advisor

      Roadmap

      • Q4 2017
        • Initial investment round
        • Token development
      • Q2 2018

        Token launch

      • Q3 2018
        • Send API
        • Consensus Network launch
        • Initial price formation
        • Send Wallet
      • 2019
        • Send Protocol (Blockchain)
        • Send Wallet 2.0
        • Coin migration

      Activity