Crypto currency is a digital asset intended to fill in as a medium of trade that utilizations cryptography to secure its exchanges, to control the making of extra units, and to check the exchange of benefits. Cryptographic forms of money are a type of computerized monetary standards, elective monetary forms and virtual monetary standards. Digital forms of money utilize decentralized control rather than brought together electronic cash and focal managing an account frameworks. The decentralized control of every digital currency works through a blockchain, which is an open exchange database, working as a disseminated record.
The legitimacy of every cryptocurrency's coins is given by a blockchain. A blockchain is a persistently growing list of records, called blocks, which are connected and secured utilizing cryptography.
ABOUT SANDBLOCK
MISSION: Sandblock leverages cutting edge blockchain technologies to reward customers for their engagement and loyalty using cryptocurrencies.
The Sandblock project is based on a decentralised protocol on the Ethereum Blockchain, the Satisfaction Protocol, to ensure that all participants can benefit and prevent any one actor to concentrate too much power and thus bend the system to its advantage.
The Sandblock ecosystem is composed of a network of merchant partners, their customers and third party actors such as marketing agencies, all connected through a decentralized protocol (the Satisfaction Protocol), the technical aspects of which will be described in details later in this document.
Sandblock aims to enable every merchant or brand to reward their customers for their engagement and loyalty using cryptocurrencies and the underlying blockchain technology in a frictionless fashion. The Sandblock ecosystem is composed of a network of merchant partners, their customers and third party actors such as marketing agencies, all connected through a decentralized protocol.
Satisfaction Token & Branded tokens Satisfaction Token (SAT) is an ERC20 tradable cryptocurrency on the Ethereum blockchain. The SAT will be created during a crowdsale. Branded Tokens is the name used to describe a token created by a merchant using the Satisfaction protocol. This is a generic name as partner merchants will have to choose a name for their currency (e.g “MyShop Coin”) to keep their branding while using the protocol and make things easier for their customers. Branded Tokens are linked to the SAT at a ratio defined at their creation (e.g 100 MyShopCoin = 1 SAT). Branded Tokens contract only allow them to be sent to predefined addresses (the merchant wallet(s)), and through peer to peer transfer handled by the Satisfaction protocol forthe same amount of SAT.
TOKEN
Symbol: SAT
Name: Satisfaction Token
Price:
Crowdsale: 50%
Team and Advisors: 12%
Partners Incentives: 30%
Bounty Campaign: 8%
All the funds raised through the crowdsale process will be dedicated to the development
of the ecosystem. The different budget allocations will slightly vary depending
on the final amount raised and we will adjust our business plans at the end of the
crowdsale.
ROADMAP
TEAM
Meet the innovative team behind this project
ADVISORS
Be a part of this tremendous project and visit the below links for more information.
Website: https://sandblock.io/
hitepaper: https://sandblock.io/whitepaper/en
Facebook: https://www.facebook.com/Sandblock.io
Twitter: https://twitter.com/sandblock_io
Telegram: https://sandblock.io/telegram
Reddit: https://www.reddit.com/r/Sandblock_io
Author
temillion
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1839623
Disclaimer: This article was published in terms with the bounty campaign. I am not a project team member or its representative but a supporter of this tremendous project.