Today, We have seen what social media has done for communication, and the Blockchain, more specifically cryptocurrency to the financial technology sector. This internet innovation has changed how we view transaction handling by making things faster, more secure, and accessible to everyone. The disruptive power of the blockchain has near limitless potential because of its adaptability to any situation. The inherent innovation built into its model ensures that there is always a situation where it would be useful.
By combining these two innovations, social media, and the blockchain it gives rise to "Social Wallet", an original and simple to use platform focused around the idea of enabling its users to send and receive cryptocurrency over existing social media networks. Simple, quick, and secure are central principles of the Social Wallet platform. Less than 1% of the 2 billion active social media users know about cryptocurrency. Social Wallet is empowering many new users, and businesses as well, with the limitless potential of the blockchain and cryptocurrency in an effort to teach these 2 billion social media users about the power of blockchain technology.
Social Wallet is currently a fully functioning platform that allows cryptocurrency to be sent over traditional social media. WIRE is utility token that facilitates the functionality of Social Wallet platform. Think Finance utility where the transaction fee is paid in WIRE tokens. The WIRE will also be the first token listed on the platform can be sent through social media.
Essentially Social Wallet is an exchange who can list any cryptocurrency it desires on Social Wallet 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 of 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.
"Social Wallet Is A Unique Combination".
Now, imagine what the combination of the explosive, communicative power of Social Media and the secure, immutable Blockchain can achieve: Social Wallet.
Social Wallet leverages blockchain technology to apply long overdue and much-needed revisions to the way that businesses, groups, and individuals mediate transactions. Social Wallet’s inclusion of the social media component is to change how the world interacts with cryptocurrency.
How It Work?
Social Wallet is a first of its kind platform designed to enable cryptocurrency to be sent easily, quickly, and securely 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; with many more platforms to be included in the following months. Pick a celebrity, an influencer, a friend, or anyone else you wish and send them cryptocurrency on any social network platform. The applications of this platform are as vast and plentiful as social media user’s interactions are.
To send cryptocurrency to anyone in the world is executed in 4 simple steps:
Receiving the sent tokens is even easier:
The blockchain and cryptocurrency can seem very daunting to those who do not know. That is why ease of use is a priority, and one of our core in today’s blockchain market. Social Wallet is the only platform that anyone from one central place grants consumers the ability to send tokens over Email, Twitter, Facebook and any other social media platforms instantaneously.
Social Wallet Features:
1. Master nodes: WIRE fosters a decentralized and worldwide network by utilizing staking and master node 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 master node.
2. 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.
3. Earn Program: Linking your personal social media account to the Social Wallet platform will engage the EARN feature. Social Wallet will maintain a consistent media presence across all social networks. Social Wallet posts will be visible on the platform creating an opportunity for users to acquire WIRE token simply for Liking, Sharing, Retweeting, or Commenting on the company's posts.
4. Debit Card: Social Wallet has entered into an agreement with 3rd party debit card provider. All users on our platform will have the opportunity to own a Social Wallet Debit Card. Our debit card’s end-user functionality will be indistinguishable from legacy bank debit cards. Convert many of your ERC20 tokens into payment options for everyday purchases.
What is the WIRE Token?
The WIRE token is a utility token that fuels the Social Wallet platform. WIRE’s “utility” designation derives from its function on the platform. The wire is an early banking term, which means payment transfer from one bank account to another. It is initiated by the payer, meaning the person receiving the funds, does not need to be aware of the transfer in order to receive money. Today, the term wire transfer is still used all over the world. The WIRE token is the accelerator for social media transactions. One must own WIRE in their account for the platform to function as it serves dual utility roles:
Once tokens are in the receiver's account, they have a variety of options at their disposal:
WIRE can be sent across all major social networks with the capacity to be divided into any desired amount. Ranging from less than a penny, up to the full amount you own, the abilities to split, spend, or share these tokens are endless.
Why does Social Wallet need WIRE tokens?
WIRE tokens do not only act as the currency on the platform but will also act as the "Fuel" for the platform. Therefore, it is very important to have the WIRE token now! Don't miss out the WIRE token sales! Visit the Official Website Social Wallet here: https://socialwallet.io/
WIRE Token Sale.
Social Wallet is launching a promising Token Sale. The campaign will run between February 7, 2018, and 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. The available currencies to purchase WIRE in is Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). 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 the WIRE Tokens will be distributed. Any tokens not sold, will be retained by Social Wallet, up to 25,000,000 WIRE. If there are more than 25,000,000 remaining after the sale, Social Wallet will retain their 25,000,000 and the rest of the supply will be destroyed.
For more information, Click the link below:
Website: https://socialwallet.io/
Whitepaper: https://socialwallet.io/whitepaper.pdf
Facebook: https://www.facebook.com/SocialWalletInc/
Twitter: https://twitter.com/SocialWalletInc
Telegram: https://t.me/officialsocialwallet
Steemit: https://steemit.com/@socialwallet
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