SIRIN LABS Token SRN to General Attention Currency XAC Exchange

Crypto Pair Details: SRN to XAC

SIRIN LABS Token SRN

Sirin Labs Token is a crypto token developed by blockchain development company Sirin Labs, and is a part of the SIRIN Labs ecosystem. Sirin Labs has been developing the first blockchain smartphone, and every product of this company is committed to using their own blockchain! They promote use of digital currencies and decentralization through SRN tokens. Sirin Labs was found in 2014. Solarin was their first project, which gained popularity as the most secure phone in the world. Though it was a success and was endorsed by famous celebrities like Leonardo DiCaprio, the company declared a layoff of about one-third of the staff by 2015. The reason they announced was developments in other fields. In late 2017, Sirin Labs announced the ICO (Initial Public Offering) of Sirin Lab Token (SRN) in order to give their operations a new direction. Now, they focus on bringing new technology for mass adoption. SIRIN Labs has a vision of creating open source and secure devices for mass adoption. The biggest problem SRN tokens face is convincing average users of smartphone that a high security phone is worth investing in! If SRN tokens follow the recent trends and other products by SIRIN Labs become a success, then that day is not away when SRN token will be one of the top cryptocurrencies in the world. SRN tokens have immense potential for development. Given that the smartphone market is one of their targets, there’s a large industry that’s being picked on as an audience for the technology.

General Attention Currency XAC

The 2016 economic report “On the Value of Virtual Currencies” commissioned by the Bank of Canada, found three contributing components dictating a cryptocurrency’s exchange rate: The actual use of virtual currency to execute real payments. The decision of forward-looking investors to buy virtual currency (thereby effectively regulating its supply). The elements that jointly drive future consumer adoption and merchant acceptance of virtual currency. XAC Attention Addresses Attention Addresses are linked to AMARK consumer data and have specific rules enforced by the XAC protocol. There are two key functions of attention addresses: XAC-LOCK XAC-Lock is a feature that encourages continued consumer engagement with AMARK. The XAC sent to Attention Addresses is initially locked and becomes available after a maturation period. The XAC attention awards paid to consumers continually matures into availability as new XAC is earned from ongoing attention marketing. This process encourages engagement with AMARK as attention wallets will rarely have a zero XAC balance, giving consumers a consistent flow of value to spend within the ecosystem. XAC-BURN XAC-Burn is enforced at the protocol level. All transfers to Attention Addresses require 5% of the XAC transferred to be burned. The XAC -Burn feature is designed to align interests between merchants and consumers in the AMARK ecosystem. Anytime merchants use the AMARK platform for marketing, they are supporting the value of the XAC currency as protocol rules enforces a 5% burn. As such, merchants are effectively scaling the supply of XAC to match the demand from the ecosystem. This supply-side scaling mechanism will offset new coins introduced through block rewards and pressure the price of XAC to an equilibrium reflective of demand from the ecosystem.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform