Place/Date: Dubai, United Arab Emirates - November 26th, 2018 at 6:10 pm UTC · 3 min read
Contact: Sarah Hosten, Source: SherCoin
Since 2017 the cryptocurrency and blockchain industry has been propelled into the mainstream to some success, however, solutions and platforms that are being produced in this present market do not necessarily possess user-friendly qualities and versatile application.
It is estimated that 2.5 billion people have smartphones with 99.9% of the population not having cryptocurrency wallets. Digital currencies are adopted as a tool for financial inclusion, a remedy to inefficiencies within the traditional financial system and a means to exclude costly time-consuming intermediaries from cross-border transactions, yet, 1.7 billion adults don’t have a bank account.
SherCoin ecosystem will also integrate with a mesh network platform to allow people with no internet access to use their applications, reaching a potential of billions of unconnected people.
Research conducted by SherCoin has identified a critical problem with a majority of altcoins built on the Ethereum network (ERC20 tokens) – they are often single-use. With so many of these limited functionality tokens and platforms available, consumers are hard pressed to utilize their tokens effectively.
Team SherCoin believes that a good token is one that is multi-functional with more than one utility with a singular application; breaking this mold is SherCoin (SHER), a token with five different related applications that tackle pain areas and incentivize mass adoption.
SherCoin connects multiple cryptos in an ecosystem where they can be earned and spent across multiple platforms.
SherCoin is teeming with versatility and the applications in the SherCoin ecosystem provide functions that set it apart from any other ERC20 token on the market. Whilst designed for high-usability, they are both, practical for users and informative for businesses.
The SherCoin token sale is presently in its private sale phase which will last for 60 days ending December 19th with 75 million of 1.5 billion total SHER available; furthermore, there is up to 50% bonus for tokens purchased in this phase. Minimum purchase is 3 ETH, maximum 1000 ETH.
Stage one of the main sale will begin Q1 of 2019 for a 90 day period, after which stage two will commence in Q3 2019. 600 million SHER tokens will be available over these periods. During this phase, the minimum purchase is 0.1 ETH, with a maximum of 500 ETH.
The SherCoin team is also exploring innovative decentralized organization process inspired by DAICO proposed by Vitalik Buterin to protect the community. You can find more information in the Medium article.
Disclaimer SherCoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.