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SID Token: Because Internet Access Is A Human Right

KalikananJul 31, 2018, 9:40:15 AM

Since the emergence of the internet, we have witnessed many transformations, particularly in the way we conduct our daily activities. Basic activities such as ordering food, shopping, and even doing our groceries are taken to the internet, primarily because it’s convenient. They can be done instantly, without having to spend so much effort. Industries, themselves, are taking advantage of the technology by bringing their business over to the virtual environment, as well. Even our communication, industrial, electrical, and management systems are powered by the internet. The internet has become a powerful tool, and its impact is such that we have become very dependent on it. In the course of a few years, it has gone on to become a necessity for survival in the digital age. Even the United Nations considers it as a human right.

A world without this technology, therefore, seems rather unimaginable, don’t you think? But the sad and painful truth is, there are still a lot of people who do not have access to the internet. For the most part, it is because it is expensive. The less unfortunate of the lot cannot afford the monthly payments so they remain unable to enjoy the benefits of having internet access at their disposal.

This is the ultimate goal of the SID project - to give this particular group of people access to the internet, knowing how this will incredibly boost their morale, uplift their lives, and allow them to do things they have never thought they could possibly do before the internet. And while at it, SID hopes to also address connectivity problems in areas with internet access already.

SID (Share Internet Data) is technically structured as peer-to-peer or even peer-to-multi-peer platform. It allows the sharing of internet data from one smartphone to another, so the other phone can have internet connectivity, as well. For example, your phone is not connected to the internet, but the smartphone of someone near you is. That someone can share the connectivity with you via the SID platform. The following diagram illustrates the simplicity of the process:

SID has already developed the technology that will make this happen, and it’s now patent pending. Nevertheless, it will be used in the open market to encourage more mobile internet access points because more mobile points will mean more people getting internet connection, and consequently, more lives being transformed.

By sharing their internet data, “sharers” are actually benefiting themselves, too, in that they get to maximize the consumption of their mobile data. Much of the mobile data are not consumed at the end of the monthly cut-off, and you’re paying for that, regardless. So, why not make the most of it by sharing your data with your less fortunate neighbors? No worries because the sharing of data will be done securely and safely, without you ever disclosing your Wi-Fi password. And remember, you’re doing it over the SID platform, and you will not go unrewarded because SID is all about community building. Being so, SID will incentivize you, as sharers of internet data with SID tokens (SIDT).

Initially, access to the internet will be free. Later on, though, users will need to earn SIDTs first so they can exchange the tokens for internet megabytes. SIDT will be of utmost importance in this case, functioning as the be-all-end-all of the SID ecosystem. Trading will be encouraged to purchase internet megabytes, and this move will spark the growth of the platform to new heights. SIDTs will definitely be the star of the show, one that will jumpstart the activities of the ecosystem and will ultimately become the lifeblood of the system. Everything in the ecosystem will revolve around and happen because of SIDTs.

All this time, people have been suffering from the lack, or the loss, of internet access, only to have the solution coming years later in the form of a token, SIDT.

Token Details:

Token: SIDT

PreICO Price: 1 EURO = 100 SIDT

Price: 1 SIDT = 0.01 EUR

Platform: Stellar

Minimum investment: 500 EUR

Hard cap: 80,000,000 EUR

Country: Gibraltar

For more information, visit the following pages:

Whitepaper: http://s3-eu-west-1.amazonaws.com/sid.frinwo.com/whitepaper/One_Pager_SID.pdf

Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3842931

Website: https://shareinternetdata.io/