quick look:
- SMSCHAIN introduces a new blockchain framework to revolutionize A2P SMS delivery.
- It uses Android and blockchain technology to distribute messages efficiently and securely.
- It offers 100 million SMSTO tokens, 70% of which are available in ICO, at prices between 2.66 and 3.33 ETH per 1,000 tokens.
- Funding targets between 37,000 ETH (soft cap) and 175,609 ETH (fixed cap).
- It simplifies SMS delivery globally, reducing costs and bypassing traditional barriers.
SMSCHAIN aims to convert A2P SMS delivery landscape by creating a trusted, interconnected framework that leverages blockchain technology. This project presents an innovative approach that includes key stakeholders. The latter include telecommunications companies, individual miners (referred to as units), and transmission and delivery entities. The team designed the system in such a way that it runs on readily available Android devices for units while the entire network features a robust blockchain infrastructure. This ensures transparency and security while significantly reducing reliance on traditional and centralized communications frameworks. Moreover, the company plans to launch ICO sales soon.
ICO Economics: 100 million SMSTO tokens, target 37,000 ETH
At the heart of SMSCHAIN's financial model lies its native cryptocurrency, SMSTO, built on the Ethereum blockchain. The initiative has issued a total of 100 million tokens, with 70% allocated for public sale during the ICO. The pre-sale price will be 2.8 ETH for 1000 SMSTO, with a slight variation in price during the ICO phase, ranging from 2.66 to 3.33 ETH. The strategic pricing and option to buy ETH only reflects a calculated approach to align with the dynamics of the cryptocurrency market. The fundraising goals, which are set by a cap of 37,000 ETH and a cap of 175,609 ETH, are very ambitious. However, they reflect the scale of the project and its potential impact on the telecommunications industry.
INSIDE SMSCHAIN: A secure and efficient messaging network
The operational backbone of the project is the SMSCHAIN Delivery Network (SDN). This is a complex system consisting of different nodes that support Blockchain infrastructure. Furthermore, the network is essential to manage the flow of SMS messages and ensure their safe and efficient delivery. The ecosystem includes sending entities that initiate messages, miners or modules that deliver these messages, and delivery SMS aggregators that facilitate regional message movement. An innovative proof of delivery mechanism verifies the authenticity of every SMS. Hence, it ensures reliability and enhances trust within the network. Moreover, SMSCHAIN enables modules to seamlessly manage SMS traffic and claim rewards, enhancing user engagement and interaction.
Decentralized solutions reduce costs and enhance accessibility
By addressing challenges prevalent in the traditional A2P SMS market, such as high operational costs and geographic limitations, SMSCHAIN offers a decentralized model that significantly reduces expenses and expands global reach. By enabling anyone with an Android device and an SMS package to become part of the delivery network, SMSCHAIN democratizes access to A2P SMS services. This approach alleviates the need for expensive infrastructure and maintenance. It also provides a solution to the contractual and quality control issues faced by SMS aggregators.
Moreover, SMSCHAIN is a pioneering project, poised to disrupt the traditional A2P SMS delivery sector with its blockchain-based solution. By addressing key industry challenges and offering a scalable and easy-to-use platform, this project has the potential to redefine global communications standards in the telecom industry.
