Background
Industrial revolutions have always dominated and changed the world in a big way. The first one happened way back in the 18th century with the rise of special-purpose machinery that was powered by coal, which enabled the mechanization of the textile and agricultural industries. The second occurred in the 20th century, and saw technological advancements initiated by the emergence of new sources of energy: electricity, gas and oil. The third one happened just half a century later, around 1969, with the emergence of nuclear energy. The fourth industrial revolution was observed within just three decades. Rather than being rooted in a new type of energy like the first three, this industrial revolution birthed a new technological phenomenon - digitalization.
By the speed these transformations are occurring, a fifth industrial revolution is already around the corner - if not here already! And we believe it will be squarely underpinned by the current rise of blockchain technology. Stated VERY simply, and in the language of cryptocurrency, a block is a record of new transactions. Once each block is completed it's added to the chain, creating a chain of blocks: a "Blockchain". Because cryptocurrencies are encrypted, processing any transactions means solving complicated math problems within these blocks.
Currently, finance offers the strongest use cases for this emerging technology as it makes it possible to digitally transfer money across the world by bypassing traditional middlemen, like banks and even governments. Something that has investors, brokers and traders incredibly excited. In fact, the World Bank estimates that over $430 billion US in money transfers were sent in this manner in 2015 alone.
Current Problems
Along with the exponential growth of the cryptocurrency sector, the market depicts extreme volatile values. For example, 1000s of new cryptocurrencies are introduced on a monthly basis. With interstice manipulations on their values and unreadable market reception, it has become too wild an environment for the mainstream financial community.
At the end of the day, the complexity of the exchanges, the need for reliable data that is largely unavailable, the high-risk nature of these currencies, extreme volatility of the market and other practical difficulties, like coin dumping at slight market fluctuations, have all compounded. This renders buying and safely storing an effective and diverse portfolio of digital coins a truly complex problem. One that is still deterring many investors from even dipping their toes into the world of cryptocurrency.
Status Security Token (STS) Solution
Status Security Token (STS) proposes bringing a stability and security to this incredibly volatile market, in order to create a future where both first-time and seasoned investors can enjoy some peace of mind when holding a portfolio of STS tokens.
STS team believes that by integrating with the rise of wallet app technology, they will have the ability to deploy a unique, never-seen-before, Status-Based Incentive Program. Using this model, STS will be able to deliver incentives to STS Token holders who are faithful in preserving the growth and integrity of our cryptocurrency.
The SBIP will encourage the growth in value of STS coin through community trust and STS Token retention, similar to the way that bonds maintain a value based on the market share of the top 500 publicly listed US companies. This methodology has been ideated out of the belief that there is always going to be uncertainty.
There is no way to predict values or behaviors in the cryptocurrency market. But, by building a community of investors, who are incentivized to retain STS coin, even throughout market fluctuations, Status Security Token can at least build stability around its own currency within this volatile environment. Bitcoin has been a victim of the market's extreme volatility.
Imagine a world where people know how to HODL. A system where you gain profit not just by trading but also by HODLing.
What is Status Security Token (STS)?
Status Security Token is a revolutionary digital currency focused on security, efficiency and worldwide availability. It uses peer-to-peer technology, operating within the fast-paced and secured Ethereum blockchain. STS not only recognizes early adopters and long-term holders but will also be the first - and only - coin to deploy a "Status-Based Incentive Program".
Status Security Token combines exchanges, brokers, traders and investors into a decentralized secure, stable and transparent network. This revolutionary digital currency is focused on more than just security and efficiency, it uses peer-to-peer technology to provide worldwide availability and stability to the often volatile crypto-based financial market.
Operating within the fast-paced and secured Ethereum blockchain, STS not only recognizes early adopters and long-term holders but will also be the first to deploy a Status-Based Incentive Programme into the worldwide market.
Status Security Token mission is to develop a cognitive approach for a more secure, stable, community-based cryptocurrency sector on a global scale.
STS Token
The STS Token has been created with the vision of bringing stability and security to the incredibly volatile cryptocurrency market, in order to create a future where both first-time and seasoned investors can enjoy some peace of mind when holding a portfolio of STS tokens.
WHITEPAPER: https://ststoken.com/STS%20White%20Paper%202018%20v2.0.pdf
ANN TREAD: https://bitcointalk.org/index.php?topic=4935781.0
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=4937811
TWITTER: http://twitter.com/ststoken
TELEGRAM: https://t.me/STSTokenCommunity
LINKEDIN: https://www.linkedin.com/company/status-security/
Author: Binar Bumi
Bitcointalk Username: binar234
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245
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