|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||June 1, 2019|
|End||August 31, 2019|
ICO description, Technical Details and Documents
One of the most effective use cases for blockchain technology - apart from supporting cryptocurrencies and allowing for dApp development - is the creation of smart contracts. Smart contracts have become an extremely popular way to ensure that the contract will be fulfilled and respected by the parties involved. They are immutable and absolute, which makes it extremely important that the participants agree on all points before signing one.
Smart contracts have already been in use for a while, and many see them as something that will definitely stick around, despite the fact that the industry is constantly evolving, discarding some aspects, and adding new ones at all times. The industry is also investing considerable effort to make them easier to create and execute, and there was a lot of progress in that field.
There are entire companies dedicated to working with them, and one of them is SciDex.
SciDex is a project that has a goal of allowing companies to generate and use smart contracts for different business transactions. This will also include firms that typically do not use the blockchain themselves. The company claims to have made a lot of progress on their product, but also when it comes to its community. Further, they have many more plans to make the project more successful, efficient, and widespread.
SciDex marketspace is the first application that the project has created by using its own SciDex Protocol. It enables and facilitates companies to acquire, exchange, and even monetize scientific data. The exchange of scientific data is simple and standardized. The project's goal is to become the go-to place for acquiring, selling, and requesting any form of service and contribution to scientific data. Naturally, all of this has smart contracts at its core, to ensure that everyone gets what they agreed to.
The application's alpha version is already live, and the community members are currently testing it out. The project will then gather the feedback and continue perfecting the app. As usual for this type of projects, SciDex is also going to launch its own token in an ICO.
While the SciDex ICO has been announced, the project has yet to decide the time and date of the token sale. However, while this is still unknown, there are multiple other details that were released, despite the fact that the ICO was announced quite recently.
First and foremost, the SciDex token's ticker will be SDX, and it will be a utility token. Like hundreds of others, it was designed on Ethereum's blockchain, which makes it an ERC-20 token. Another important detail that the project had already released is the token's price, which will be $0.1 per 1 SDX once the ICO arrives.
Interested investors will be able to obtain the token in exchange for Bitcoin (BTC), Ethereum (ETH), as well as QuarkChain (QKC). The token sale will have a soft cap of 2,500 ETH, and a hard cap of 10,000 ETH. The number of tokens for sale will be at exactly 1.2 billion units, and that is pretty much all that is known at this time.
* Crypto Rating accepts no liability for any errors in the SciDex ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2021 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.