What is Styras?
Styras is a company found online at their website Styras.io. They are a decentralized mobile application that is built on the powerful Ethereum blockchain technology. The main goal of Styras is to make it possible for everyone to connect to the internet on a global scale. The environment that is built around the company, operates through the use of their tokens. After purchasing tokens, you can connect any mobile phone or computer to the internet, anywhere around the globe.
Styras works in conjunction as a virtual router that gives the ability to connect as many as ten devices to it. It uses some of the most advanced encryption software technology and is designed to remain connected at all times and provide you with the ultimate safety levels.
The main goal of the platform is to give users the ability to have internet that is affordable, regardless of where you live. The ICO for the company started last year on November 21st of 2017, with a pre-sale operation, the generalized ICO started on November 28th.
How Does Styras Work?
The company has three primary functions apparently. And they are mainly in the form of an app, router and token. The way the work is as follows:
- Application: It’s said to be the first decentralized mobile application on the Ethereum blockchain tech. And it gives the ability for people to connect to the internet anywhere in the world.
- Token: The coin is said to give the ability to connect the phone to the internet. And it’s mostly designed for people who travel and want to stay connected to the internet.
- Router: It uses advanced encryption software to help guarantee connectivity while allowing 10 users to connect to the Wi-Fi.
The app is completely decentralized and uses the Ethereum blockchain technology. And it also has the ability thanks to Ethereum to connect to Wi-Fi all over the world.
Basically, if you have Styras tokens and want to connect to a wi-fi hotspot, you just need them in your wallet. After you send the tokens, the send is recorded on Ethereum’s blockchain and Styras gets the info and confirms it. Once that’s done, the company will link you to a hotspot near you. Your token gives the payment and access to a hotspot that is nearby for a specified period of time.
Also, the router naturally detects smartphones that are nearby and are running with the app. They integrate SIM cards that are capable and distributes amongst any connected mobile devices like cell phones.
The transaction is always controlled through different smart contracts based on the Ethereum blockchain technology. And the smart contracts that are used to purchase access points on the platform’s routers or to share it with other users.
How Does Styras Work?
The major goal of the company is to give travelers the ability to access the internet anywhere in the world. It’s a world of connectivity and a lot of travelers still have a hard time getting online because of pricing issues and other issues as well. The internet is expensive to access in other countries, even though most of them have strong internets and a lot of access points.
Styras has the goal of making it easy to connect and especially when roaming outside of your country of origin. Anyone using it won’t have to pay outrageous hotel fees or packages and instead can use Styras to access the internet. It’s said to be one of the cheapest ways a person can get online access anywhere. And all of the transactions take place on a transparent blockchain apparently.
What is the Styras STY Token Qwasder ICO?
Styras’s ICO is set in two stages:
- Pre-Sale: November 21 to 27, 2017
- Crowdsale: November 28 to December 30, 2017
They have declared a maximum supply of 200 million STY tokens (hard cap). 180 million of those tokens were available for sale during the ICO. Tokens were priced at $0.077 per STY during the pre-sale, rising to $0.101 USD by the public sale (or 1 ETH = 4,000 STY during the pre-sale, and 1 ETH = 3,000 STY during the ICO).
25% of tokens were supposed during the pre-sale (50 million STY), 65% will be sold during the ICO (130 million STY), the remaining 20 million were reserved for the community, beta testers, marketing, and strategic partners.
Who’s Behind Styras STY?
The company is led by Fernando Arriola, the CEO and Co-Founder. Joseph Berganza is another CEO and head of blockchain technology development. Ami Lebendiker is CFO. And it’s strange, but the company really does appear to have two different CEOs.
The company was said to launch back in the first quarter of 2017. The development of the platform included a wallet, application and router that is said to all be released by the end of the third quarter in 2018. The router is said to be released by fourth quarter 2018 at the latest.
Styras STY Token Qwasder ICO Conclusion
The company platform is said to be built entirely on an Ethereum based blockchain technology system to make it easy for anyone to use the internet regardless of where they’re at while on the go or traveling. When using Styras, you can pay with the coins to access the different hotspots using the Styras virtual routers all over the world.
The token sale has already gone through and are known as STY. It’s a completely utility-based platform that was designed to change the way people accessed the internet. If you’re new to the cryptocurrency world, you may want to check out Styras.
It’s also good for travelers, but make sure to check out the blockchain in its entirety to see that it’s authentic. There are a lot of brand-new companies starting all the time, and you want to invest in the ones that are the most trustworthy.