Hi, guys, I am here for the education of the sentinel chain token
The Sentinel Chain Token (SENC) will be an ERC20-compatible token on the public Ethereum blockchain that allows global financial service providers and cryptocurrency holders to participate in the Sentinel Chain marketplace. Activity on the Sentinel Chain will be performed solely using the Sentinel Token. This will make the Sentinel Token an integral part of the Sentinel Chain platform and the driver of its economy.
Differences between the LCT and the SENC token The LCT token will be the local CrossPay Blockchain equivalent of the SENC token. It will be a private token that resides only within each local CrossPay Blockchain. LCT will be used internally by CrossPay Mobile to facilitate the local payments on CrossPay Blockchain Services. The value of LCT is pegged to the country’s native currency. Every country will have its own LCT token. LCT token will not exist on any public blockchain and cannot be minted on its own. LCT can only be purchased using SENC. SENC token will only exist on the public Ethereum blockchain. A fixed number of SENC tokens will be issued during an Initial Token Sale. SENC will be required for use with the functions provided by the Sentinel Chain. SENC can be owned by anyone with an ERC-20 compatible wallet. Like all cryptocurrency tokens, SENC may be exposed to market volatility. LCT however will be pegged to the country’s native currency value and will not be exposed to the volatility of the cryptocurrency markets.
Sentinel Chain Alliance Partners InfoCorp has formed alliances with various strategic partners to extend the value of the Sentinel Chain.
Maybank
VeChain
MediShares
The E-Payments are the high-light of the Sentinel Chain Token (SENC), It will solve the problem of the CrossPay Blockchain. Here is how it works:
Problem: The ability to drive adoption of electronic payments for financial inclusion depends on the ubiquity and network effect of CrossPay Blockchain users.
Solution: By unlocking the value of “dead capital” in unbanked livestock and its usage for livestock insurance and livestock secured loans, the utility value of CrossPay Blockchain can be increased to accelerate adoption of electronic payments via CrossPay Mobile application.
Function: SENC can be utilised by stakeholders as a medium of exchange to purchase LCT that can be used for electronic payments to merchants who accept LCT.
https://icodrops.com/sentinel-chain/
