Sat, 17 Nov 2018

SETHER Token Sale

SETHER Token Sale

Blockchain meets Social Networks

Review Project

Sether is platform that provides blockchain integration with social network APIs, allowing any blockchain enterprise to communicate, get information, analyze and monitor social networks.

The platform also provides custom analytic and monitoring capabilities for blockchain operations and enterprises. Users can run custom queries on social network data to get desired insights, find influencers,see the reach of their posts, create watchlists to be notified when certain events happen and see the sentiment for various social network objects such as posts, messages, pages, events and more.

Sether bridges two main environments: the on-chain environment and the off-chain world. It will support public chains like Ethereum, Bitcoin, Rootstock mainnets and testnets, private Ethereum-based chains (such as Monax) and non-blockchain applications by providing an abstraction layer.

Sether has been designed to accommodate a pluggable service architecture, making possible to add, replace and update social network providers and analytic services. It is well known that social networks make frequent updates to their APIs, releasing many versions that deprecate or introduce various features. Sether will make these makes transparent for developers, by keeping its API always up to date.

For Ethereum, the main flow of a blockchain application that needs to use the Sether API is an asynchronous message exchange:

1. A user or an application broadcasts a transaction by executing a method of a smart contract that extends the Sether smart contract. The method contains a special instruction that will fire an event that is catched by Sether, who is constantly monitoring the blockchain for these events.
2. Sether will compute the result, which is then signed and broadcasted as a blockchain transaction carrying the result. In the default configuration, such a transaction will execute the sthCallback function of the smart contract.

Security

Data oracles must be secure. If a smart contract security gets a false data feed, it may payout the incorrect party.

The blockchain, as a distributed system offers very strong security. Users rely on the blockchain to correctly validate transactions, preventing data from being altered. A supporting oracle service must have security standards aligned with the blockchain it supports.

An oracle must be an effective trusted third party, providing correct and timely responses. The security of any system is only as strong as its weakest link, so a highly trust worthy oracle is required to preserve the trustworthiness of blockchain services.

Sether will:

1. Receive a request from a smart contract
2. Get the data from a trusted external source.
3. Run queries and computations on the data if needed
4. Provide a response to the requester

Token Sale

Crowdsale Opening Date

04-12-2017

348 days ago

Crowdsale Closing Date

14-01-2018

307 days ago

Allocations

Token Distribution

Distribution

Allocation
For pre-ICO 25% (25,000,000)
For ICO 30% (30,000,000)
For Reserved 35% (35,000,000)
For Sold directly 10% (10,000,000)

Uses of proceeds

Use

Allocation
Research and Development 55 %
Marketing & Business Development
20 %
Partner Enablement 10%
Running and Administrative costs 10%
Legal & Regulations 5%

Team

Name

Position
Ovidiu Oancea CEO
Flavius Burca CTO
Cristi Savescu COO
Dan Chirila Technical Manager
Lucian Bumbuc Infrastructure & Software Development
Daniela Sandu Developer
Adina Nedelcu Software Development
Radu Rapeanu Communication Specialist
Adrian Buzoi Software Development
Adrian Ionita Software Development

Written By

Isuk
Profile
ETH : 0x237706bfE11D4C4E148b4764c8f7Da37743657d4