XSL Labs - Your Data Belongs To You

in #labs4 years ago

Today is the modern era where almost everyone has a digital device connected to the internet. With the device, users can visit various types of websites or applications as easily as the touch of a finger. However, not many people know that every user activity on the internet is monitored and has value. Big platforms like Google and Facebook have been involved in selling user data to third parties, but not only Google and Facebook, many platforms use their user data and sell it to third parties. This customer data can be in the form of their personal data or activity data, which is very useful for platforms to expand their market.

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But this action certainly doesn't benefit the user. When the platform makes money from selling customer data, the customer doesn't get any money from selling that data. Moreover, no one wants their personal data or activities to be tracked or sold to others without their consent - Therefore XSL Labs is here to become an ecosystem that will protect user data. XSL Labs will provide an ecosystem in which several decentralized applications have their respective functions and goals.

XSL ECOSYSTEM

  • PULAR: Pular Is a decentralised ledger and a native token of SYL govern by the EUROPEAN LAW that serves as a bedrock for decentralised identifier for the entire ecosystem of Dapp
    Pulsar is designed to create transpirancy between users,through the provision of
    •Know You Customer (KYC)
    •Anti -Money Laundering (AML)

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  • SDI (secure digital identity) : is a collection of encrypted data that only the user can read. it will be used in the ecosystem and will be interpreted with other web system
    The function of the SDI decentralized storage is to restore checkpoint of users profile as well as to ensure the irrevocable nature of the data transmitted on an SDI and to respect the legal retention period. Any data captured on the Pulsar network will be unintelligible because the owner of the SDI is the only one to hold the decryption key which links the public network (Pulsar) and his data, thus unveiling the data

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  • SYL LIRARY: The Syl Library provides its user maximum access to the ecosystem with trust, it also ensures quality services are provided with the GDPR and all of the services offered on SYL Library as guarantee trust
    SYL LIBRARY being a trust worthy ecosystem provided to user, up to 0.01% - 15% Amount of cost services are been directly to XSL Labs in order to ensure the maintenance of the ecosystem.
    This amount is divided into two namely:
    1- An Automatic Contribution with each purchase and subscription that will provide funds for the minimum operational needs of XSL Labs. This percentage will decrease with the increase of number of services that will be available on SYL Library. A minimum floor of 0.01% will be applied.
    2- A Variable Contribution at the user's choice during a purchase or subscription. This variable contribution will make it possible to subsidize new projects within the ecosystem. A maximum ceiling of 14.99% will be applied

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Token & Sale
SYL tokens will be the means of exchanging, purchasing services, and executing Smart Contracts in the SYL ecosystem. Consequently, the value of assets will depend on the amount of services and their costs, the number of assets in circulation, the speed in the ecosystem, and the supply / demand in speculative markets.

It will be necessary for the creation of SDI, to execute the Smart Contract, and will be usable in the ecosystem to access the various services that will be provided in the SYL Library.

CURRENT PERIOD : $ 0.002 per SYL (3 000 000 000 available at this price)
NEXT STAGE : SYL 0.003 dollars (3 000 000 000 available at this price)

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  • SYL Tokenomics
    XSL Labs issues a token called "SYL". This token is the native asset of the entire XSL Labs ecosystem. It is a token of type ERC-20 which can be traded by the user. At launch, SYL will only have a maximum supply of 10,000,000,000 and cannot be created again. Later this token will have a function as "fuel" that will support the operations of XSL Labs.

ROADMAP

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Conclusion
Above all the SYL token will be a means of exchanging, purchasing services and executing Smart Contracts within the SYL ecosystem. The value of the asset will therefore depend on the number of services and their cost, the number of assets in circulation, the velocity within the ecosystem and the supply/demand in the speculative market..

It should be noted that even if XSL Labs disappears, the ecosystem will continue to develop autonomously and to operate perpetually, powered by the players of the network. This is possible because of the decentralization characteristic of the network, and its lack of need of a central and unique decision-maker. Through this "Tokenomics", we can understand that all the players in the ecosystem will have an impact on the asset’s price through their various services.

For more complete information, you can see it below:

Website : https://www.xsl-labs.io/
Bitcointalk Ann : https://bitcointalk.org/index.php?topic=5287198
Bounty Program : https://bitcointalk.org/index.php?topic=5286866
Twitter : https://twitter.com/ XSL_Labs
Facebook : https://www.facebook.com/XSL.Labs/

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