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About Sphinks Token(SKFT)

What problem does Sphinks Token solve? (or: what human need does it satisfy?) and how exactly does it do so?

Sphinks Token is a decentralized stablecoin project with no reliance on traditional systems and trusted third-parties. It initially pegs to the USD, though has the capability to transition to a new form of a stable system that has no susceptibility to hyper-inflation or reliance on underlying commodities.

The project focuses on harnessing open and decentralized technologies to provide user-friendly monetary systems with next-gen features. It aims to provide private accounts and transactions, smart contracts, fee-less and near-instant transactions, zero reliance on traditional systems and trusted third-parties, high-throughput for global merchant and consumer adoption and a decentralized exchange with negligible exchange fees.

How is the idea monetized? How do the token holders profit?

Tokens may be sold for up to the pegged value of 1 USD.

Team

Sphinks Token's team members.

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Tokenomics

Token Info

Price: 0.1 USD = 1 SKFT Hard Cap: 5,000,000 USD Buy with: BTC Platform: NEM Location: Australia Restricted: Persons with an IP within either America or Australia

Other Info

MVP/Prototype: Yes Escrow: No Category: Cryptocurrency

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What problem does Sphinks Token solve? (or: what human need does it satisfy?) and how exactly does it do so?

Sphinks Token is a decentralized stablecoin project with no reliance on traditional systems and trusted third-parties. It initially pegs to the USD, though has the capability to transition to a new form of a stable system that has no susceptibility to hyper-inflation or reliance on underlying commodities.

The project focuses on harnessing open and decentralized technologies to provide user-friendly monetary systems with next-gen features. It aims to provide private accounts and transactions, smart contracts, fee-less and near-instant transactions, zero reliance on traditional systems and trusted third-parties, high-throughput for global merchant and consumer adoption and a decentralized exchange with negligible exchange fees.

How is the idea monetized? How do the token holders profit?

Tokens may be sold for up to the pegged value of 1 USD.

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ICO Champs investors rating

Overall Rating

 
3.7

Hype

Medium+

Profit Potential

High

Risk

Lowered