Siglo

What is Siglo?

Siglo is a blockchain protocol designed to help users in developing markets exchange personal information and attention for mobile internet access. It targets regions where smartphones are common, but internet connectivity is expensive and limited. By using smart contracts, Siglo allows users, internet providers, brands, and decentralized applications (DApps) to trade data for connectivity.

Benefits

Siglo offers several key advantages:

• Access to Internet:Users can earn tokens for sharing their data, which they can use to access the internet.
• Monetizing Data:Brands can buy user data to improve their advertising and marketing efforts.
• DApp Integration:DApps can integrate Siglo's protocol to let users earn tokens for their data.
• Targeted Market:Siglo focuses on underserved markets, particularly in Latin America.

Use Cases

Siglo's ecosystem includes several key entities:

• Users:Earn Siglo tokens (SGL) for sharing anonymized data and demographic information. They can spend these tokens on products, trade them, or exchange them for data top-offs.
• Providers:Facilitate airtime top-offs for Siglo apps and users. Farrow is the first provider on the network.
• Brands:Purchase user-generated data to create better advertising and marketing campaigns, targeting previously underrepresented customer bases.
• DApps:Integrate the Siglo protocol to enable users to monetize their data. They may use SGL or create their own in-app token.

Pricing

Siglo's token, SGL, is an ERC20 token with a total supply of eight billion. During the Token Generation Event (TGE), 36 percent of the tokens are generated for around $0.0009 per SGL. The remaining tokens are distributed as follows:

• 30%:Future release, with one token for each user once the network reaches 10 million users
• 19%:Reserve
• 15%:Team and advisors

Vibes

Siglo has received positive feedback for its unique approach to trading activity data for mobile connectivity. The team is targeting an underserved market with a product that has little competition. The founders have extensive knowledge of mobile connectivity and data, which could give the project a quick boost above the competition.

Additional Information

Siglo was founded by brothers Joel and Isaac Phillips in October 2017. They previously created Pig.gi, the first app to integrate the Siglo protocol. The team has grown to over ten full-time members and includes notable advisors such as Anish Mohammed and Jeffrey GuyBone.

The funds raised during the TGE will be used for product development (45%), operational overhead (30%), and marketing (25%). The team has not yet set a date for their token sale.