SilverCoin Token Sale: A decentralized information sharing network - Smith + Crown

SilverCoin Token Sale: A decentralized information sharing network

SilverCoin aims to build a platform for website monetization and community engagement.

SilverCoin aims to build a platform for website monetization and community engagement. Its Proof-of-Concept protocol rewards users for sharing information and enabling others to do the same. With this, it aims to combat the centralization of information.

The SilverCoin token (SVC) will be launched on the NXT Blockchain and migrate with its blockchain-as-a-service platform to Ardor. In addition to the 10 million SVC to be sold during the token sale, 88 million SVC will be paid out as rewards via the Proof-of-Change protocol. The network is incentivized by a deflationary reward structure. The platform will further incorporate a monthly membership level with community contests and residual rewards.

Project Details

Incorporation status Unregistered
Team openness Detailed Bio, but only two team members
Blockchain Developer Unclear
Technical White Paper Only non-technical White Paper
Available Project Code Not available
Prototype Not available

Token Details

Role of token The token is the sole means of payment on the platform
Token supply 100 million
Distributed in ICO 10 million
Emission rate Decrease in preportion to market performance
Blockchain NXT
Consensus method Proof of Stake

ICO Details

Sale period June 21st, 2017 to July 19th, 2017
First price 0.00003 BTC
Accepted currencies BTC
Investment Round First public offering
Token distribution date Right after token sale ends
Min investment goal None
Max investment cap 1500 BTC
How are funds held Exchange C-CEX providing excrow service
Minimal Viable Product Unclear
Bonus schedule
Period Price
 First Day      0.00003 BTC
First Week      0.00005 BTC
Second Week      0.00006 BTC
Third Week      0.00007 BTC
Fourth Week      0.00008 BTC

Official Resources