Social Wallet is a unique platform where users can send and receive cryptocurrency through multiple social networks needing only the receiver’s social media username. By combining social media and the blockchain it gives rise to Social Wallet, an original and simple to use platform focused around the idea of enabling its users to send and receive cryptocurrency over existing social media networks. Simple, quick, and secure are central principles of the Social Wallet platform. Less than 1% of the 2 billion active social media users know about cryptocurrency. Social Wallet is empowering many new users, and businesses as well, with the limitless potential of the blockchain and cryptocurrency in an effort to teach these 2 billion social media users about the power of blockchain technology.
Social Media Networks: A Thriving Market
Social networks grow their user bases every day and have been for the past decade. In 2019, it is estimated that there will be roughly 2.77 billion social media users globally, up from 2.46 billion in 2017. Faster internet and the adoption of mobile devices in developing markets is a large segment of growth in this increase. With over 2 billion users, most of who do not know about cryptocurrency, an opportunity to create an easy to use platform that introduces these new users to crypto presents itself. Social Wallet is a global platform with ability to convert over 2.77 billion social media users into cryptocurrency adopters.
The blockchain is, at its essence, an encrypted public ledger designed to keep track of cryptocurrency transactions. In its first case use, the blockchain was developed for Bitcoin. In most circumstances, it works as a secure, electronic transaction processing and record-keeping system, but it has numerous applications. This allows various connected participants within a public or private network, to track the information, thereby eliminating the need for any kind of antiquated third-party verification, as is the case with the traditional banking model.
Social Wallet Initiative
The Social Wallet Initiative will use the reach on social media to educate the world about the power of blockchain and cryptocurrency technology. It is the passion behind the company and the company feels so strongly about it that 10% of the funds raised will be allocated to this cause. Social Wallet’s platform will be the on-ramp for blockchain newcomers worldwide. Cryptocurrency, and the blockchain in general, has a greater capacity to change the social and economic landscape of the world as social media has. Millions of cryptocurrency early adopter’s lives’ have changed for the better, as a result of cryptocurrency.
The Social Wallet Debit Card
In the next four years, the ecommerce market is set to almost double to 4.5 trillion dollars. Blending social network integration, global remittance opportunities, and brand recognition with our Social Wallet Initiative. The Social Wallet Debit Card, closes the circle of universal opportunities to send, share, spend, and convert tokens by partnering with a 3rd-party debit card provider on the blockchain. Its unique program offering of “white label” debit card, allows Social Wallet to brand our debit card as the “Social Wallet Debit Card.”
The EARN Program
The WIRE Token EARN Program rounds out the core features of Social Wallet. Achieving mass adoption is not a Phase-1 business process. It takes a dynamic business strategy where we can touch and educate the very perimeter of non-adopters on social media. The more avenues are provided for users to experience the platform and possible first encounter with cryptocurrency, the more people can solidify themselves as a leader in this emerging market. The Social Wallet platform contains an “EARN” tokens tab. Once a user links their social media account to the platform, users can engage the EARN feature, which will provide opportunities to acquire WIRE tokens.
The WIRE token is a utility token that fuels the Social Wallet platform. WIRE’s “utility” designation derives from its function on the platform. Wire is an early banking term, which means payment transfer from one bank account to another. It is initiated by the payer, meaning the person receiving the funds, does not need to be aware of the transfer in order to receive money. WIRE can be sent across all major social networks with the capacity to be divided into any desired amount. Ranging from less than a penny, up to the full amount a person owns, the abilities to split, spend, or share these tokens are endless.
WIRE Token Sale
Social Wallet is launching a promising Token Sale. The campaign will run between February 7, 2018 and April 27, 2018. Each round, except the first, will last approximately 2 weeks in duration with each round successively lowering its bonus in 5% increments. In Round 1, buyers can anticipate a 25% Bonus. Round 2 will be a 20% bonus, working its way down to 0% in Round 6. The minimum number of tokens one can purchase is set at $100 USD within the cryptocurrency you are using. The available currencies to purchase WIRE in is Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). There will be a $150,000 USD purchase cap per round.
5% Future Dev.
2.5% Lead Dev.