Styras is a new cryptocurrency launching through an ICO on November 21. Find out more about the token today in our review.
What is Styras?
Styras, found online at Styras.io, is a decentralized mobile application built on the Ethereum blockchain. The goal of Styras is to offer internet connectivity “everywhere in the world”. The ecosystem revolves around the use of Styras tokens. You can use those tokens to connect any mobile phone or computer to the internet, anywhere in the world.
Styras also works as a router that allows you to connect up to 10 devices. Advanced encryption technology allows you to remain connected safely.
The ultimate goal of Styras is to allow users to access affordable internet anywhere on the planet.
The initial coin offering for Styras tokens begins on November 21, 2017 with a pre-sale, while the general ICO begins on November 28.
How Does Styras Work?
Styras has three core functions. It works as an app, a token and a router. Here’s how each of the three core modules works:
Styras App: The first decentralized mobile app based on Ethereum blockchain technology. The app offers internet connectivity anywhere on the planet.
Styras Token: The token allows any mobile phone to connect to the internet. It’s catered towards travelers who want to remain connected around the globe.
Styras Router: The router uses advanced encryption software to assure secure connectivity, allowing users to connect up to 10 other devices to Wi-Fi.
The app is a decentralized app built on the Ethereum blockchain. Using Ethereum, Styras will connect your phone to Wi-Fi hotspots around the world.
Let’s say you want to access a Styras Wi-Fi hotspot. You have tokens in your Styras wallet. Then, you send tokens to the platform. That transaction is recorded on the Ethereum blockchain. Once Styras receives confirmation of your payment, they’ll link you to hotspots near you. Your token payment provides access to a nearby hotspot for a certain period of time.
Meanwhile, the router will detect nearby smartphones running the Styras app. The router integrates a SIM card capable of distributing connectivity to smartphones, tablets, computers, and other connected devices.
The transaction is controlled through smart contracts on the Ethereum blockchain. Smart contracts can be used to purchase access to Styras internet routers, or to share internet among users.
What Problems Does Styras Seek to Solve?
The main goal of Styras is to allow travelers to access the internet wherever they go. Today, we live in a connected world, yet many travelers still struggle to access the internet at an affordable rate while outside of their country – despite the fact that most countries have stable, powerful mobile networks.
Styras wants to make it easy to access the internet when roaming outside of your home country. Users won’t have to rely on high-priced hotel internet packages or low-quality café Wi-Fi. Instead, you can use the Styras network to access cheap internet anywhere in the world, with al transactions taking place over a transparent blockchain.
The Styras ICO
Styras’s ICO is scheduled in two stages:
- Pre-Sale: November 21 to 27, 2017
- Crowdsale: November 28 to December 30, 2017
There’s a maximum supply of 200 million STY tokens (hard cap). 180 million of those tokens will be available for sale during the ICO. Tokens are 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 will be sold during the pre-sale (50 million STY), 65% will be sold during the ICO (130 million STY), and the remaining 20 million will be reserved for the community, beta testers, marketing, and strategic partners.
Who’s Behind Styras?
Styras is led by Fernando Arriola (CEO and Co-Founder), Joseph Berganza (CEO and Blockchain Developer), and Ami Lebendiker (CFO). Yes, the company appears to have two CEOs.
The Styras project launched in Q1 2017. Development of the Styras wallet, app, and router is expected to take place throughout Q1 to Q3 of 2018, with the router scheduled for public release in Q4 2018.
Styras is an Ethereum blockchain-based platform that aims to make it easy for anyone to access the internet anywhere they go. Using Styras, you can pay tokens to access internet services from Styras routers located worldwide.
The Styras token sale is scheduled for November and December 2017. STY tokens will be utility tokens on the platform, allowing users to purchase internet access.
To learn more about Styras, visit online at Styras.io.