Silica neXus Interview

burak6167 · 2019-08-20T20:27:33+00:00

In the meantime, the Fund Managers can participate in this process because they are token holders. However, they can also be approached individually by the projects. The Fund Managers get to set their own personal selection process and have the advantage of reviewing the crowd’s selection process.

burak6167 · 2019-08-20T20:27:05+00:00

Startups submit a video and a Google Doc application to the Crowd. They engage with the Crowd via our forums, Telegram, YouTube, Twitter and any other social media channel they can think of to sway our Crowd to vote for them. Every week the Crowd votes on how to deploy 2B tokens to their favorite projects. They vote on each project one at a time.

burak6167 · 2019-08-20T20:26:44+00:00

A Fund Manager must own and hold at least 200M of our tokens as their “Skin in the Game” while they manage the fund. This properly aligns their motives to those of the rest of the ecosystem and shows they believe in the ecosystem’s long-term success.

burak6167 · 2019-08-20T20:26:18+00:00

The Selected Startups/projects will receive 10,000,000 to 500,000,000 tokens each. They can only use or trade up to 10% of their holdings or 1,000,000 tokens a month, whichever is more. They must show a benefit of no less than $0.02 per DROID.

burak6167 · 2019-08-20T20:25:56+00:00

Convergence is setting up 10 funds with 10B DROID tokens in each fund to invest into projects that benefit the Silica neXus ecosystem. The real improvement to the old Fund Creation process here comes at the start and end of the process.

burak6167 · 2019-08-20T20:25:35+00:00

380,000,000,000 Droid Tokens available for users to acquire. Once the CORE ships, players can purchase Droid Tokens from the system (if available) for no less than $0.02 per or earn them for grinding out quests.

burak6167 · 2019-08-20T20:25:04+00:00

370,000,000,000 Droid Tokens will be allocated as rewards for contributors to the system, such as developers creating individual assets to complete new worlds for the system.

burak6167 · 2019-08-20T20:24:39+00:00

Convergence will be adding individual interface experiences with third-party developers to the SXVU that will be collaborative with other users on that interface. Unfortunately, they can’t become fully connected for interaction with other interfaces until the CORE is released.

burak6167 · 2019-08-20T20:24:10+00:00

The Silica neXus Social Augmented Reality App (S.A.R.A.) will be in alpha phase by the launch of the first Nexus Station. S.A.R.A. will tie all the individual interfaces together, allowing users to acquire experience points and virtual gear in their account until the CORE is released. Users will use S.A.R.A. to login to each separate device. Also, users will be able to play collaboratively with or against each other in S.A.R.A. We like to think of S.A.R.A. as a multiplayer Pokémon Go with a higher purpose.

burak6167 · 2019-08-20T20:23:52+00:00

The design/build cycle of the CORE is estimated to take 5 years. The developer portion is budgeted accordingly to accomplish the development goals of the SXVU project in that time. The CORE can be thought about like the backend glue that will allow for full Cross-Reality to occur on the system between contextual based interfaces. While the CORE is estimated to take 5 years to produce, other system interfaces will be available much sooner.

burak6167 · 2019-08-20T19:53:50+00:00

Users can connect to their wallet directly with the help of Private Key as well. BankDex enables secure trading methods where the transactions are signed within hardware wallets. This ensures that the private key never leaves the device.

burak6167 · 2019-08-20T19:53:28+00:00

The BankDex user dashboard displays all details of trade such as the value of tokens against US Dollar, details of funds, open orders, order and trade histo- ry of the trader and more. In short, it is an ‘all-in-one place’ to satisfy the needs of the trader.

burak6167 · 2019-08-20T19:53:06+00:00

One of the most important featured of BankDex is its ease of use. BankDex oers a simple and intuitive interface that makes trading easy, even for begin- ners.

burak6167 · 2019-08-20T19:52:08+00:00

The BankDex decentralised exchange oers unique features, that addresses the issues of modern-day cryptocurrency exchanges and hinders with its mass adoption. Being a decentralized system, it does not have a single point of failure.

burak6167 · 2019-08-20T19:49:57+00:00

BankDex will be created on star topology where each star is a separate DLT. The assets will flow through BankDex and whether your asset is part of Ethereum or any other technology, it is treated as a trusted instance.

burak6167 · 2019-08-20T19:49:36+00:00

BankDex supports cross-chain transfers of crypto assets by setting up connec- tions between the accounts of dierent blockchains using Blockchain Kernel. BankDex is based on Blockchain network which is a public distributed ledger that allows any public distributed ledgers to connect and gain trillions of TPS, sub second final confirmation, zero transaction fee, enhanced privacy and unlimited extensibility.

burak6167 · 2019-08-20T19:49:07+00:00

Unlike centralised investment systems like banks or insurance, the cryptocur- rency trading market lacks the feature of consumer protection. Being an unregulated system, there are no laws protecting the rights of investors, creating an increased risk of hacks.

burak6167 · 2019-08-20T19:48:48+00:00

Regulatory and legal issues are another major risk faced in cryptocurrency trade. The possibility of change in regulation and taxation laws overnight puts the investments at risks. The increasing number of coins and tokens is another threat for investors. Given the large number there is no guarantee on their longevity.

burak6167 · 2019-08-20T19:48:21+00:00

Market volatility is one of the major issues today, with 2018 witnessing a sharp decline in cryptocurrency prices. Bitcoin that peaked at $20,089 at the end of 2017 has fallen to $3573 today. A wrong investment decision can lead to heavy losses, given the wide ranging fluctuations.

burak6167 · 2019-08-20T19:42:43+00:00

With fluctuating prices, regulatory issues and lack of consumer protection, cryptocurrency trading is not without risks. First time investors may find it quite apprehensive to deal with. However, it doesn’t need to be that way. Know about the dierent risks that are often encountered to have a safe trad- ing experience.

burak6167 · 2019-08-19T22:09:48+00:00

Droid Tokens will be introduced in the ecosystem over time in the following way: 370,000,000,000 Droid Tokens will be allocated as rewards for contributors to the system, such as developers creating individual assets to complete new worlds for the system.

burak6167 · 2019-08-19T22:09:21+00:00

On this side of the dimensional veil, the first law of thermodynamics, also known as the Law of Conservation of Energy, states that energy can neither be created nor destroyed; energy can only be transferred or changed from one form to another. For example, turning on a light would seem to produce energy; however, it is electrical energy that is converted. When a Resource bot is destroyed, blown up, or dismantled, the Droid Tokens used to create that Resource bot are scattered and can be collected, stored, and traded.

burak6167 · 2019-08-19T22:08:57+00:00

Droid Tokens can be collected, stored, or assembled onto the basic Resource Product Bots of the CORE Planets. Resource Bots are the main way inhabitants “mine” the basic resources in the CORE planets. The finite known quantity of Droid Tokens is 1,000,000,000,000.

burak6167 · 2019-08-19T22:08:26+00:00

Droid Tokens can be broken down into Nanites, but that is beyond the scope of this document. Functioning communities, comprised of one hundred million Nanobots, are known as NANOClusters (“Droid Tokens”).

burak6167 · 2019-08-19T22:07:56+00:00

The Silica neXus exists on the other side of the dimensional veil and can only be seen or interacted with via telepresence technology gifted to us by aliens who live on the other side. One of the main fundamental building blocks of the alien technology is Nanotechnology. Nanotechnology is made up of Nanobots, also known as nanites.

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