AIDA SERVICE
What is Smart Contract and how does it work in our AIDA Services?
The idea of a smart contract back in 1994 to Nick Szabo. He is a lawyer and a cryptographer, he understands that it is possible to conclude "Smart Contract" based on a decentralized registry. But then there is no suitable platform, so it can be translated into reality. However, the situation changed in 2008, when technology blockade emerged.
In turn, the Block Chain is a technology spoken of all over the world. Information about blockade technology is recorded in encrypted form and distributed to all computers on the network. Each new block contains information about the previous one, which leads to the reliability of the circuit and to write information to the block, you need to sign the action with a unique private key. This ensures that no one will enter information on your behalf and without your knowledge.
That is, simply, smart contracts are computer algorithms designed to conclude and maintain their own execution contracts run in blockade environments.
Because smart contracts operate on block chains, they give confidence in trust and reliability of transactional secrecy whereby outsiders do not participate, neither government agencies nor banks. This is an action / transaction done on a smart, easy-to-track, transparent and irreversible contract.
However, smart contracts get extensive practical applications with the look and development of Ethereal projects. When the founder of Vitalik Buterin in 2013 came to the conclusion that bitcoin was less appropriate as the basic protocol for smart contracting, because it was not originally designed for this task. Furthermore, Mr. Buterin decided to make from the beginning the most suitable protocol for smart contracting.
And our smart AID token contract is compiled based on the ERC20 standard ( https://github.com/Aida-Market/AIDA_ICO_SmartContract ).
The hallmark of our contract is the token price set in USD and not in Ethereal, which avoids the risk of interest rate volatility for investors.
This technical feature is possible with the use of Oracle, a platform featuring setRate every 30 minutes, which then transmits the actual ETTH / USD exchange rate of the top five cryptourrency exchanges as smart contract parameter. The token price is set to $ 0.25 each.
In addition to investing in Ethereal, investors will be able to purchase AID tokens for BTC, LTC, BCC and USD (from debit cards). The payment process in this currency will occur through the use of an automated platform that calculates the size of every incoming transaction in USD equivalent, tracks the number of transaction confirmations and once the transaction is confirmed, generates a mark on the Ethereal address, ie indicated by the investor in the personal account.
The token issue is generated by raising the method (buyForInvestor), - to purchase crypto-currency signatures-BTC, LTC, BCC directly from the shipping address.To ensure the release of tokens in real time, the shifted design principles developed by Phenom (https: // phenom.team) is used, when the entire release process is distributed simultaneously between the three controller addresses, which allows the production of real-time tokens, even in the case of ethereal network congestion.
ROADMAP
The ICO process is divided into two stages:
1. Initial sale of token to investor (Pre-ICO)
- Requirements: 30.12.17 09:00:00 UTC + 6-20.01.18 23:59:59 UTC + 6
- During this stage tokens are sold with a 15% bonus.
2. The main level of ICO
- Requirements: 21.01.18 00:00:00 UTC + 6-10.02.18 00:00:00 UTC + 6
- No bonuses are applied at this stage.
AidaIco is the first intelligent contract to be structured and based on the concept outlined by Vitalik Buterin. Where during crowdsdale, investors are given the opportunity to return the funds invested 1 time:
- For ETH investments: all tokens stored at the investor's address are burned and sent back to AidaIco.BTC's smart contract investor wall, LTC, BCC investment: the refund process is empowered by Oracle.
- The amount of the investment is returned to the investor wallet, less the transaction fee.
- Withdrawal key: during the major phase of ICO returns is only possible until January 30, 2018, inclusive.
Our Mission
- ➤ Development of a unique automated sales platform (service), which will target to complete 90% of the existing market.
Our Vision
- ➤ We aim to create the # 1 sales service in the world, which will take into account the main issues of our clients and pay attention to details that will help simplify their work.
- It is possible to solve the problems of all process participants: by providing tools that will operate as one organism.
- How do we see it? This is an automated service, which connects all participants and provides an opportunity to exchange information quickly and on time. We solve the issue of client order tracking and documentary flow through digitized signatures and clients
Our company decided to use smart contracts, because we believe that contractual relations can be partly or even fully self-government. The cryptography underlying smart contracts, providing a higher level of security than traditional contracts.
Therefore, our goal is to provide better, new, modern and innovative services to AIDA.
For relevant details about the Aida Service project currently located at the following link:
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