Simba Storage Is Platform For Storing Bitcoins
Simba.Storage offers solutions that provide the highest guarantees in the field of security and efficiency for long-term storage of cryptocurrency assets, combined with an easy-to-use interface and a high level of privacy.
The SIMBA team has decided to operate in countries offering opportunities for the development of the crypto industry, such as Switzerland and Liechtenstein
There are 3 types of products in the SIMBA ecosystem:
Simba Storage – Cold storage of cryptocurrencies in protected locations with cold hardware wallets and multi-signature algorithm, provide high security and access to assets via confirmation by responsible faces and a programmed script.
Simba Stablecoin – issued in exchange for the bitcoins sent in storage (1 SIMBA = 1 Satoshi). Liquidity and convenience are provided with ERC-20 token, which can be moved between users, exchanged, while keeping the constant value to Bitcoin, and can be withdrawn within 24 hours.
Simba Storage Token – an ERC-20 utility token, called Simba Storage Token, is the backbone of the Simba ecosystem. The total supply of SST is 100 000 and they will be distributed among the first Simba.Storage customers, the most active users and among strategic partners.
Testing of the smart contract began on 10/02/2019, the monetization of the project began on the very first day.
The team did not conduct an ICO. Team tokens are frozen for 5 years with phased defrosting. Total volume: 100,000,000 SST. Distribution of tokens by sale: 50.3 million SST. Tokens can be bought exclusively on the exchange.
Listing SST (Simba Storage Token) was carried out on the Vindax exchange on 07/09/20. Trading pairs: SST / USDT, SST / BTC; Listing is planned on other exchanges, including decentralized and centralized ones. The starting price is 0.1 USDT, and it is planned to reach the target of 1.13USDT for the first year.
The project is supported by the Swiss consulting agency TRES Group GmbH
Road map. Plans for Q4 2020:
SST listing on a number of reliable exchanges;
Registration of a legal entity in Switzerland, Liechtenstein, UAE, New Zealand, Estonia;
Providing liquidity for the DEX through Simba Stablecoin;
Creation of a trust fund;
Deployment of multisignature protocols.
In the first quarter of 2021, the team aims to open its own hardware storage. Passing through all these stages should allow Simba to reach 30 million accounts on the platform by 2025 and about 80 million by 2030.
Team. Currently, 21 specialists are working on the launch of the platform, including the development department (it is the largest in number), the analysis department, the Law department, PR, support and community management.
Simba founder is Anton Katin. Anton engaged in investment sphere since 2016. Since 2017, he has been investing in crypto assets. Anton has a deep knowledge of blockchain industry and a strong leadership mentality. Moreover, he is proficient in fundamental and technical analysis of the cryptocurrency market. Anton has advised hundreds of foreign and Russian clients, including retail investors and investment funds, in the crypto space.
In addition to storing services, Simba plans to gradually expand the platform’s capabilities, from adding features for cryptocurrency trading to providing credit services. Also in the first six months of operation, it is planned to launch its own physical repositories in four crypto-oriented countries through a strategic partnership between Simba and selected financial services partners worldwide.
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