S BLOCK Wallet is now officially launched. What is it, how is it different from mainstream cryptocurrency wallets and it is going to redefine the financial system.
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THE FINANCIAL SYSTEM IS BROKEN!
And current solutions are not working.
The Blockchain Interoperability. Transfer of funds between different cryptocurrencies is a major problem that limits the adoption of blockchain and makes it less convenient.
Remittance Cost. International money transfers can take days and the transaction fee takes a significant percentage of funds transferred.
Compliance. Compliance in traditional transfers is imposed by expensive financial institutions and digital assets often don`t have a clear legal structure.
Retail Payment with crypto. Despite the enormous potential of cryptocurrency to make all transaction faster and cheaper, one still can`t pay with it for coffee, what limits a widespread adoption.
5.Protection from market instability. Many people lost their funds during the 2008 financial crisis, and currently, there is no financial institution that provides reliable protection to non-wealthy individuals.
Convenience. Currently, using cryptocurrencies is a painful experience with wallets not being user-friendly in any way.
Access to credit. Credit is an engine of economic growth, yet many people have significantly limited access to it.
What is S BLOCK?
S BLOCK is a global provider of financial services, previously monopolized by financial institutions. Its functionality can be broken down into four parts: S-Wallet, S-Bank, S-Fund and S Pay.
S Wallet is an innovative multi-currency wallet to store and manage all types of digital assets in a simple, compliant and secure way.
Store, send and trade digital assets. Using S-Block wallet you can invest and manage your portfolio at the swipe of a screen. S-Block is changing the way you can manage investments.
Compliant and transparent transactions. To achieve this we created separate features for KYC and non-KYC users. We value the choice of every customer and want to give them different options
Multi-chain wallet. We developed a module for developers and well-described API for simplified integration with external networks and services.
Simple and sleek design. For more rapid adoption the wallet has to be practical and convenient. Because of that, we pay great attention to design. We are aiming to create an easy-to-use and satisfying user experience app.
S Bank. Traditional banks are inefficient intermediaries. Users of S BLOCK Wallet get access to improved services of international remittances and p2p lending.
International Remittances. Currently, international money transfers take many days, if not weeks, to complete. With S BLOCK it will take only one day, even if made with fiat.
P2P lending. With underlying smart contracts S BLOCK enables efficient p2p lending, giving access to credit to people that were denied it before and providing better terms for the rest, thus stimulating the world economy.
Decentralization. Remittance and lending services were unjustly monopolized by financial institutions. Blockchain brings disintermediation and decentralization to the financial system.
Cost Reduction. No need to feed bank clerks now, when making international transactions, so fees are lower and more money is left to S BLOCK users.
S Fund. A high-frequency automated quantitative trading fund that protects the user`s assets from market instability and gives them financial freedom.
Algorithmic. S Fund combines proven quantitative trading strategies with innovative machine learning algorithms to predict short-term market behaviour.
High-frequency. High-frequency trading allows use every market move, both up and down, and achieve maximum profit gain.
Proven returns. According to PwC research, only quantitative hedge funds have shown positive returns even during crypto winter.
Achieve your financial freedom! Your income depends not only on your funds but also on the number of people that you brought to the community. Bring more people and receive a decent passive income
S Pay. Cryptocurrencies will never get widespread adoption if you can pay for a coffee with them. S BLOCK solves this problem by creating S Pay infrastructure, that allows efficient retail payments processing.
S Card. A credit card issued in collaboration with leading services like Visa or Mastercard that supports payment via cryptocurrency. It is activated by pledging SBO.
S POS. Interstellar POS machine, a digital currency collection tool for merchants, that supports S Card
S ATM. S BLOCK provides the services of S- ATM, while the user can choose to operate the ATM. It provides communication transmission services and acts as the supernode of S BLOCK which can obtain staking and participate in supernode voting and mining.
How shall we solve a chicken-egg problem?
The common problem with any network is that it becomes useful only when enough people join in, so when there isn`t anyone in the system, there are no incentives to join.
We create this incentive by introducing a referral system: you receive a share of profit from every person that joined using your referral code. So if your referrals combined brought $100 000, monthly profit from trading is between 6% and 15%, which is from $6000 to $15000. You will receive some percentage of these profits, which depends on how many people you have brought and how much money they have deposited.
This way we solve the chicken-egg problem and create a stable and functioning ecosystem. And S BLOCK is more than simply wallet, it is a provider of a complete set of financial services, which is going to redefine a global financial system.
And we invite you to join in, being among the first adopters of the future.
