Sidera – a solution for contactless and smartwatch retail point-of- sale

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About Sidera

Sidera is a complete end-to-end solution for contactless and smartwatch retail point-of- sale (POS) including a full-stack reference implementation of all the components. It includes a mobile application and point-of-sale (POS) terminals that are already in deployment. All of these components will be made widely available through open source and open specifications. By releasing the full-stack reference implementations as open source and open specifications, we can enable ubiquitous worldwide distribution of the Sidera protocols and ensure the rapid expansion of the value of the Sidera Network. The Sidera network incentivizes participation through providing free hardware to retail stores in the initial target geography in Europe. Users are incentivized to participate in the Sidera network through accessibility and ease of use, with the convenience of mobile payments and the simplicity of a smartwatch . With a solution that decreases complexity and adds relevance of cryptocurrencies to end users, we will see rapid mainstream adoption of cryptocurrencies and the merging of the crypto-economy.

Payments

The future growth of the wearable technology market would be driven by consumer preference for gadgets, increasing growth prospects of next-generation displays in wearable devices, and growing popularity of connected devices with Internet of Things (IoT). In a survey conducted, 51% of the people cited privacy as their biggest concern while using internet connected devices. This risk of theft of data is a concern for the IoT technology. An internet containing confidential data from millions of devices would be the best place for a data thief, and he would leave not a single stone unturned to get what he wants.

Purposes of SmartBit Project

Nowadays Bitcoins are becoming a new revolutionary way to make transactions between people, offering an innovative decentralized system which guarantees the security and privacy of those transactions. Although the technology behind Bitcoin is really outstanding it is still difficult to handle them in an easy and smart way. Compared to fiat money Bitcoins and cryptocurrencies are still not that smart, limiting their propagation only to technology experts, passionate people and some investors. Bitcoin environment is far from being something used by everyone. The purpose of this project is to let cryptocurrencies become more attractive and fully scalable, with an easy and pleasant way to handle transactions, strengthening at the same time its security.

Proximity wrist-to-wrist sending/receiving

This particular feature allows the smartwatch to interact with other SmartBit devices within a specific range (through Bluetooth and Wifi). In order to take advantage of this feature two or more SmartBit devices must be in range. The device will then detect any specific other device, if available, allowing to send or receive funds. This is a very important feature. You are able to send or receive cryptocurrencies OFF-CHAIN, in a completely decentralized way, even without the companion app. The device will synchronize with the Blockchain lately, when the internet connection is established again. For highness security you can define the maximum amount of funds spendable with this particular function and you can send the money only with PIN confirmation.

Token Sale

  • Token eQUOS
  • PreICO Price 1 eQUOS = 2 USD
  • Price 1 eQUOS = 2 USD
  • Bonus Available
  • Bounty Available
  • Platform Ethereum
  • Accepting ETH, Fiat
  • Minimum investment 100 USD
  • Soft cap 1,500,000 USD
  • Hard cap 15,000,000 USD
  • Country Lithuania
  • Whitelist/KYC KYC & Whitelist
  • Restricted areas USA, China
  • Time 2018-09-01 – 2018-09-30

For more information about Sidera access the link whitepaper and Sidera.

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