Social Wallet
Website:
Status:
Archived ICO
Token:
WIRE
Start:
11-12-2017
End:
28-02-2018

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takagari 22 Feb 2018 22:43

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Whitepaper



Social Wallet and the WIRE Token

Social Wallet Inc is a C corporation formed in the United States. Our founders are U.S and British Citizens
with the core team composed of Americans, English and Canadian citizens. We are a fully transparent organization
and operate within SEC guidelines.  

Social Wallet is a first-to-market platform designed to enable cryptocurrency to be sent easily, quickly, securely, and most importantly, universally, over today’s existing social network infrastructure. No prior setup is needed by the recipient nor any advanced
knowledge of the transaction itself. Social Wallet allows individuals to send cryptocurrency directly on the platform,
through Facebook, Twitter, Email and User-to-User on the platform. Through the first fiscal year, we will have 14 of the top 20 social networks in the world integrated. The User Interface has been designed to be sophisticated for the blockchain expert, yet simple enough a novice can immediately navigate the platform. The user does not need to understand blockchain,
wallets or deal with long addresses - everything is simplified.

The WIRE token is the utility token that powers the Social Wallet platform. WIRE is the first token to be listed on the platform. Our platform has the capabilities to incorporate other top cryptocurrencies into our platform giving each the ability to utilize our technology. There will be an application and listing procedure that each coin will have to complete before access is granted to utilize our platform. WIRE token facilitates the transactions on the platform. Transaction fees will be paid in WIRE. WIRE can also be used in a
traditional manner with proof of stake, masternodes, quick sending, and heavy privacy features.
 



Social Wallet

Platform Preview

Twitter Sending Featured Video



Wire Token

Token Technology
WIRE uses the XEVAN algorithm, it was founded by the Bitsend developers and has since then proven to be a
stable, ASIC resistant and efficient algorithm. The Xevan hash algorithm is a unique combination from the dual X17
difficulty algorithm with an extension to 128 bits.


Masternodes and Staking
WIRE fosters a decentralized and worldwide network by utilizing staking and masternode implementation.
Token holders can earn network rewards (token minting) by keeping their wallets open and staking or by using 35,000 WIRE
tokens for collateral and creation of a masternode.




True Privacy
Security and Privacy were a top priority in the creation of the WIRE token. Coin mixing and ZeroCoin
protocols have been integrated into WIRE. Both of these features allow for transaction mixing,
anonymous sending and freedom from prying eyes.

Seesaw Reward Balance
WIRE uses a variable Seesaw Reward Balance System that dynamically adjusts the block reward size
between masternodes and staking nodes. The seesaw rewards feature helps to keep a balance between
staking and masternode use. This technology was originally developed by the PIVX team.

Instant Sending
Tokens are sent and confirmed in seconds thanks to the network of decentralized masternodes. The
network allows the transaction to occur without need for the normal 2.5-minute confirmation period.



Wire Token Sale


Social Wallet has launched its WIRE Token Sale. The campaign will run until April 27, 2018. Each round,
except the first, will last approximately 2 weeks in duration with each round successively lowering its bonus
in 5% increments. In Round 1, buyers can anticipate a 25% Bonus. Round 2 will be a 20% bonus
working its way down to 0% in Round 6.

The minimum number of tokens one can purchase is set at $100 USD within the cryptocurrency you are
using. There will be a $150,000 USD purchase cap per round. This ensures everyone has the opportunity
to acquire tokens and bonuses in each round. We value the smaller investor and find it beneficial to have
the tokens widespread vs centralized by a few big participants. The Social Wallet Platform will go live on
April 28th, 2018 which is the day after the sale is set to close and that is when Wire Tokens will be distributed.



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Information

Social Wallet is currently a fully functioning platform that allows cryptocurrency to be sent over traditional social media. WIRE is our utility token that facilitates the functionality of our platform. Think Binance Coin's utility where the transaction fee is paid in WIRE tokens. Wire will also be the first token listed on the platform that can be sent across social media. Essentially we are an exchange who can list any crypto currency it desires on our platform instantly giving the access to send their native cryptocurrency over social media. As of right now, we have Facebook, Twitter, and all email providers integrated. In the first 12 months we will have integrated 14 of the top social networks in the world. Within our platform, we have created a "Zero Knowledge Recipient." This means a user can send to a person on social media and the recipient doesn't need any prior knowledge the transaction has occurred nor a wallet pre-downloaded. The user is notified on their social media account that crypto has been sent to them. They click on the link to accept and our platform/wallet populates immediately and the tokens are already in their wallet. Both the universally integrated social media platform and the "Zero Knowledge Recipient" protocol has not been achieved in crypto until now.

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