Ended ICO : 20/04/18 – 20/05/18
Blockchain in Telecom
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“Blockchain in Telecom” ecosystem provides direct interaction between end-users, mobile operators and service-providers via smart contracts.
It eliminates hundreds of intermediators, dramatically reduces costs of mobile services (up to 10 times while going abroad), and saves years and millions of $$ on implementation of the old- fashioned and ineffective roaming technology.
How it works: any mobile carrier could publish its own prepaid tariff plans (“Offers”) as smart contracts. These Offers are visible to all other operators and their subscribers. By selecting an Offer, a new “Request” smart contract is created, with the Digital Identity of a subscriber and Payment transaction.
As a result, the Offer issuer identifies the user and receives money, and starts servicing the subscriber directly, with local price and high quality.
The same business process is available for any non-telecom service provider (like music, TV or cloud services) who is interested in distributing its own Offers among multimillion customer bases of mobile operators.
The Blockchain ecosystem consists of a limited number of high performance servers (“Nodes”), which belong to the crypto community. It means that any crypto holder could buy a license to manage the Node, and start earning by processing the smart contracts.
The more operators and service providers are connected to the “Blockchain in Telecom” ecosystem, the more “smart contracts” are to be processed, the more is the revenue and value of each Node. Our approximated projection is 10x annual growth of Smart Contracts in the ecosystem.
This is combined with Low Risks, because we’re a proven team with 20 years’ experience in telecom industry.
Tokens distribution at Pre-ICO and ICO
We are planning to withdraw from circulation the tokens from the Network Development Fund (NDF) for depositing on accounts of service-providers for generating transactions. All income generated from them should go back to the NDF
The Founders fund is subject to vesting at 7% per month.
We are planning to spend tokens from the Team & Community Development Fund (TCDF) for
– For ICO promotion
– For distributing tokens within 24 months of platform start to pay off the node ownership costs while there are not enough private Super nodes on the platform
– For providing bonuses, but no more than 7-10% per month, to node-owners to ensure the nodes productivity.
– To motivate new team members, business and legal advisors, developers and subcontractors.
– To organize community growth in all means possible.
– To prevent a deadlock situation, when there may not be enough UMT to perform the transactions.