More Than A Utility Token
The Sher team has realized that the best way to create a good token that will achieve mass adoption is by creating a multi-functional token that has more than one utility. Most of the altcoins are Ethereum-based coins that only offer one application. Sher features five different related applications in one.
The ecosystem has a theme: User provide valuable economic services for businesses such: as checking market place for counterfeits, reporting fake or suspicious products; filling out surveys and giving information,feedback, and data, so business can make informed decisions; giving the users an easy way to manage the tokens the earned; and then giving them outlets to spend/exchange their tokens.
We currently use Ethereum but we are studying other blockchain solutions with smart-contract feature (AION, NEO, TRON, etc.), and side-chains as well. A migration is not impossible in the future if Ethereum improvements (POS, sharding) are delayed.
Counterfeiting is a massive problem, costing lives, jobs and over $1.7 trillion annually. We will provide a game-changing solution using high technology innovations such as:
The Sher Global HD Wallet enables anyone with a smartphone to effortlessly gain access to a digital blockchain wallet that can be used to buy, sell or hold Sher and other supported tokens.
The Survey App enables marketers, companies, governments and research organizations to easily tap into a global pool of incentivized users for feedback, research, and data collection, as well as to tailor their surveys to target specific demographics.
Peer to Peer marketplace for B2B, B2C, C2C transactions that will allow Sher holders to exchange SHER for goods and services. In May 2010, Laszlo Hanyecz posted on Bitcointalk.org forum that he would be willing to pay 10,000 BTC for 2 pizzas to be delivered. A few days later,a teenager named Jeremy Sturdivant, nicknamed Jercos, accepted the Bitcoin and sent Hanyecz two pizzas from Papa John’s. Instead of doing that transaction on a forum, imagine that transaction being done on Sher Marketplace.
Sher will be effortlessly redeemable through various traditional payment gateways.
The Sher Team uses innovative technologies to provide you the best.
up to 20% bonus
Our team is working hard to bring you the most innovative solutions. The roadmap is subject to change in the future.
Roadmap is subject to change in the future. Updates will be published on the website.
The Sher Team combines a passion for technology, blockchain expertise & proven record in finance, development, marketing.
Mr. Hassan has 20 years telecom management experience in networks build, launch and operations. He is an accomplished Telecoms Industry Executive turned entrepreneur with a proven ability to develop and manage large-scale, complex business enterprises across multiple countries.
Khurram has more than 15 years of experience in project management, business development, strategic planning, and technology integration. His background in supply chain and logistics allows him to have a complete vision of industries affected by counterfeit products.
Jahanzaib has a strong Corporate Finance and Supply Chain background which allow him to evaluate and look at businesses from more than a financial perspective. His experience at Coca-Cola in Strategy and Planning contribute greatly to the team.
Passionate about new technologies, cognitive sciences and entrepreneurship, Lmehdi is a software engineer and a full-stack developer specialized in blockchain based technologies. He participated to the conception of development of many projects including the Fundchain initiative (http://fundchain.lu/) in partnership with multiple banks (HSBC, EFA, ING, etc).
Ambitious and forward thinking, Saahir has been a strategy & corporate finance analyst in a venture capital fund, having worked in sectors such as telecoms, equities & fixed income he has experience in working in investments across multiple sectors. Having graduated from one of the top business schools in the world, he provides valuable insights to the project.
Specialize in UI/ UX design with 8 years of experience, Ghulam is specialized in E-commerce & research-driven design. He has worked with some of the biggest UAE companies (Majid Al Futtaim Group, Nestle, City Walk, Lamer Beach, Duplays Sports, etc.).
Evita is a highly skilled Finance Officer with diverse accounting and finance experience in oil and gas energy industry and Investment company. Proven planner and analyst with an in-depth understanding of GAAP, IFRS, Auditing Standards, Budgeting, Financial Analysis and Planning.
Naviin Kapoor, founder of “The Times of Crypto”, “International Institute of Blockchain Academy”, blockchain & ICO consultant, and a business transformation leader with more than twelve of experience in project management and business analysis.
Kokila is a corporate, real estate and Fintech lawyer with more than 14 years of experience as a corporate, commercial and real estate lawyer in UAE. Kokila is an ardent Fintech/Technology Lawyer and she established Karm Legal Consultants as a boutique firm specialising in Technology, Blockchain, Artificial Intelligence along with conventional commercial and corporate law practice.
Julien Trottier, Founder of CryptoGateCorps, Founder and president of Crypto Loire Valley, blockchain & ICO consultant, onborded to International decentralized associasion for crypto and blockchain (IDACB) and member of Blockchain France. He is a blockchain cryptocurrencies and ICO specialist and one of France’s cryptocurrency influencers.
Bogdan Fiedur is a smart contract developer, crypto-investor, entrepreneur and President of http://blockchainexperts.io . He has over 20 years of IT experience in building e-commerce websites and has been involved in blockchain development during last 3 years.
International business consulting professional with diverse leadership experience across financial and informational technology industries within APAC and EMEA markets. Expertise in collaborating with colleagues, clients, key global partners, and additional stakeholders to achieve revenue goals, manage substantial financial accounts, and develop alliance partnerships in business application technical environments.
For more information about Sher, please refer to our following list of documents
All tokens movement from SHER team will be justified and displayed as a transparency proof.
Below we’ve provided a bit of IEO, Token, and few others. If you have any other questions, please get in touch using the contact form below.
Sher Limited is incorporated in Cayman Islands due to blockchain friendliness. SRH FZ which is the operational company in charge of development and marketing is incorporated in Dubai, UAE. Sher is aware that it might have to incorporate in additional jurisdictions in the future to comply with regulations and obtain additional licenses .
Team is mainly based in Dubai, UAE which is aiming to be blockchain capital of the world.
Yes Sher team realizes the importance of trust being placed with them and for that reason will use an escrow agent that will limit the amount of money that will disbursed for the first year after IEO is done.
Sher team realizes that in the future they will need to obtain certain licenses and comply with regulations in order to fullfill some of the functionalities in their use cases (exchange into fiat currencies, etc). As such they might have to get a money transmitter license (similar to Coinbase) which will allow it to have banking relationships with local banks and facilitate crypto-to-fiat trades to its customers.
Sher is a utility token with a ecosystem that solves real world problems and brings blockchain to the masses in some new and exciting ways. We believe utility token is only valuable if it has uses. Most alt coins have only 1 use case, which makes it not only risky to hold and invest in but it doesn’t have any utility outside of the use case. That is why we are going to develop several use cases that will create constant demand for SHER token. We have already the first use case developed and available for download on App Store and Google Play. The other uses cases are under different stages of development.
Our ecosystem has a theme: User provide valuable economic services for businesses such: as checking market place for counterfeits, reporting fake or suspicious products; filling out surveys and giving information, feedback, and data, so business can make informed decisions; giving the users an easy way to manage the cryptos the earned; and then giving them outlets to spend/exchange their tokens. Main problem it solves is allowing smartphone users to check authenticity of products and report fake or suspicious goods(The Verify App), provide data and feedback (The Survey App), and enter the blockchain economy (Sher Wallet). It will give users opportunity to easily earn tokens by providing valuable services for businesses and then use the tokens to exchange, buy, or sell goods and services through payment gateway and peer to peer marketplaces. It will businesses and govt agencies eyes and ears on the ground so that they can quickly take action against counterfeiters efficiently and effectively. It will also allow same parties to tap into pool of users for feedback, surveys, policy making, research, etc.
Main target are consumers and large multi national brands that have issue with counterfeit products and that want to get feedback or data from the global force of smartphone users. For the survey app, governments, agencies, research firms, news companies all will be the target audience. For the consumer we are targeting users that want to get involved in cryptocurrency and token market by giving them easy way to enter the crypto economy and earn token rewards. Also users that want to verify the products they are buying are genuine will be part of our target.
The Verify App has to valuable advantages over competitors such as: 1) Multi-Frequency chip (same chip that works on smartphone with NFC and RFID sled that allows to check the chips from a distance without line of sight), 2) Reporting feature with GPS location of suspicious or fake product that will be shared with business and govt agencies, 3) Token reward for report that results in fake goods being seized. The Survey App has advantage that there is no global solution that can give rewards to users for filling out information and data for companies in different countries instantly. Swagbucks only works in US$. The fact that we can give crypto tokens that can not only appreciate but be used to buy BTC or ETH and give users increase in value is a huge advantage. Sher Wallet is Hierarchical Deterministic wallet that will use FaceID, TouchID, Fingerprint Scanner as additional security and allow users to manage different accounts and different currencies in one application. Sher Marketplace will be peer to peer marketplace with review and rating system that will allow OTC exchange of tokens and currencies for goods and services (like Ebay or Amazon) for B2B, B2C, and C2C.
Our project uses MF RFID chips combining with blockchain and crypto tokens. It is currently ERC-20 token but we realize there might be some better or more efficient standards in the future that we might migrate to.
First use case, The Verify App, is already released and available for download. As we raise money, we will be able to take it to market, sign up brands, build awareness, and conduct user acquisitions. The second and third MVP (Global Wallet and the Survey App) will be released soon after IEO.
Blockchain technology allows us to add transparency and security on our project while reducing infrastructure cost. We want to build a trusted ecosystem for users where important informations will be committed and verifiable in a distributed ledger. In majority of our applications, users will be rewarded for participating to our ecosystem (by reporting counterfeit products, or by completing survey for exemple). The use of a token allows us to charge fees to companies, transfer rewards, etc. quickly without opaque process or hidden fees. All the code will be open-sourced, rules and processes will be defined in advance in our smart contracts and even our company will not be able to change them.
We currently use Ethereum but we are studying other blockchain solutions with smart-contract feature (AION, NEO, TRON, etc.), and side-chains as well. A migration is not impossible in the future if Ethereum improvements (POS, sharding) are delayed. More informations on our Medium on this article .
Hardcap for IEO is 6 million USD. Majority of the funds will go in development of the ecosystem along with marketing and business development for the next 3 years. We will have to expand the team and open offices in major metropolitan cities.
Unsold tokens will be burnt. Management and team tokens will be locked up for 6 months after IEO and vested upto maximum of 25% per quarter (effectively 1.5 years after completion of IEO). Reserve tokens will be locked for 6 months and after that only maximum 10% per month can be sold (effectively 1 year and 4 months). This is to reassure investors that company will not flood the tokens on the market and make a reduction in price. We decided not to do buy back/burn strategy after IEO to artificially reduce supply and manipulate price of the token because we feel that shows that we don't have confidence in our token and eco system and in long term that is not a good strategy. We want to increase the demand of our token by developing the use cases and bringing users to the ecosystem. And because management is vested for 1.5 years, we will work extra hard to raise the price of the token by developing maximum use cases and grow the user base and demand for SHER. ALSO, to use any of the Sher use case applications, users will have to maintain a minimum balance of 10 SHER. So for example, if the are 10 million users, that means 100 million SHER will be held thereby limiting supply even further as users grow.
We are maintaining Twitter, Medium, and bitcoin talk accounts that will talk about our projects on regular basis. We also have Youtube channel for Sher and The Verify App that has videos of how the app is working currently.
Please look at our Medium page as it has more detailed information about our uses cases.
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