Send (SDT) is the first semi-stable digital money for the blockchain-powered economy.
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.
Major challenges of cryptocurrencies:
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.
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.
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:
Stable rate per limited time
SDT token holders enjoy periods of stable use within the Send Network of Apps.
Each new consensus period, a transparent formula analyzes token use to discover a new SDT price.
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.
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.
Will be burned.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
|0.2 USD||No||-||Uncapped||161,000,000 SDT|
15 Aug 00:00 UTC
16 Sep 04:59 UTC
|0.14 USD||No||Min 10 USD||Uncapped||26,600,000 SDT|
Private sale —
12 Jul 00:00 UTC
|0.1 USD||No||-||Uncapped||43,400,000 SDT|
3 months vested from July 1st