Messaging apps are a great way to keep in touch at a minimal cost. However, with the rise and increasing popularity of these apps, comes a sharp decline in the need for SMS for personal use.
However, with an aim to automate and streamline certain business processes, companies are becoming increasingly reliant on application-to-person SMS services. This trend is expected to continue rising in the future.
So, people are paying for cellphone contracts with SMS bundles that they won’t use, and companies are paying high costs for SMS bundles that they need. SMSCHAIN has found the ideal solution.
The decentralized platform aims to facilitate the selling and buying of SMSs between aggregators and users, the former being those companies in need of substantial amounts of SMSs. The user would be those individuals hoping to sell their unused SMSs for a profit. The third entity on SMSCHAIN would be the blockchain nodes, whose aim is to contribute to the infrastructure of the platform while earning a certain percentage from the SMS transactions that are completed.
Aggregators will be able to purchase SMSs at a reduced cost and have access to a global network of suppliers. In turn, users will be able to make as much as $6,000 a month selling their unused SMSs. All of these transactions will be facilitated by Short Message Tokens (SMSTO), the platform’s only accepted internal currency.
However, these tokens are actually quite dynamic as their value increases in even a short amount of time. Platform miners with a high balance of tokens will be able to sell more SMSs, which in effect will earn them more money. Nodes with a high token balance actually earn a higher percentage on each transaction.
Aggregators will require SMSTO to buy SMS and to make sure that their SMS campaigns are executed.
As with anything, desirability and price are affected by the supply and demand process. That being said, and because having a substantial number of tokens will benefit each user in some way, the demand for SMSTO will be high, which will increase its value.
The platform will issue 100 million tokens, of which 70% will be available to purchase. A total of 10 million tokens will be sold during the Pre-ICO sale. The balance of 60 million will be sold during the ICO, which is scheduled for the 20th of November.
Contributors can purchase with Ethereum, at a price where 1.7 ETH equal to 1000 tokens. The platform’s hard cap is set at 100,000 ETH.
More information about SMSCHAIN is available at – https://smschain.org