Sikka Coin. Vision Document

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1 Sikka Coin Vision Document

2 2 Vision Statement Every service like postal services, health services, airlines, telephones etc. were initially offered and controlled by governments, but with better and optimized solutions offered by the private sector, each of these services and many other services are now in majority or in totality, are run by private sector companies under a regulatory framework. The similar shift we see coming in the monetary system, where governments will not govern and control the currency. People and market will decide which currency they want to adopt and use. This is the big shift that we see will come in future and our vision is defined based on this long-term shift. What is Sikka Sikka is a digital cryptocurrency launched in Sept Sikka is a minable currency open to all. Being a cryptonote protocol based coin, Sikka is an anonymous and decentralized cryptocurrency. Sikka is started with an aim to provide unique offering in cryptocurrency space and speed up the mass adoption of cryptocurrencies, the project is decentralized and community is encouraged to take up tasks to build and grow Sikka ecosystem.

3 3 We believe in establishing relationship between digital world and physical world through SIKKA -Sikka Team Sikka Adoption Strategy We have a long-term adoption strategy for Sikka. However, the community can make a huge difference in achieving goals in much shorter timelines. a) User Base : When we talk about mass adoption, the user base is the key metrics to take care about. New Proof of Activity(POA) algorithm will be implemented to include non-technical people in the process of generating Sikka, by way of mining or stacking, or both. Sikka ecosystem will have tools required and used by the general audience on regular bases. We will adopt unique methods and ways to attract new users time to time, like our Black Friday lottery event.

4 4 b) Community : From day one Sikka is welcoming each person or group to be involved in growing Sikka by whatever means they can. This will bring new ideas and diverse perspective to develop Sikka for the worldwide audience. Build a community of diverse talent like Developers, Marketers, investors etc. will boost the speed of overall development of Sikka as a project. c) Exchange : Though this is not a priority early on, As we do not aim to present Sikka as an only tradable asset. However, we do recognize that trading will be significant as we achieve other dependent milestones. So Sikka will be pitched to good exchanges showing our progress by completing other important milestones and providing the future prospect of the project. d) Mobile App : Proof of Activity will be implemented through the mobile app which will not only handle Sikka transaction and Sikka generation process. It will have multiple utilities and beneficial features which can be used on day to day basis by people around the world. Adoption strategy is something which evolves with time and conditions, above items are those which we focus on as of now, but as we evolve and discover more ways to increase Sikka adoption. These priorities will be realigned if needed. Sikka Tools Tools are necessary to give foundation to a project like Sikka and these are necessary to build the ecosystem around them. a) Mining pools b) Wallets c) Website d) Payments API e) Ecommerce Tools f) Community Engagement Tools like Slack etc. g) Exchanges to trade h) Infra for future POA, including feature-rich mobile app solution.

5 5 Sikka Ecosystem What we mean by Sikka Ecosystem here is a universal approach to build systems used by people on daily basis, it may be extending existing systems or introducing new systems. a) Ecommerce Solutions : A currencies main feature is that one should be able to use as a way to buy goods. And we believe ecommerce is one required thing to owner digital currency. In this process, we as a community will build tools like plugins etc. for various marketplace offerings like Wordpress, Magento etc. We will encourage the community to build ecommerce solutions which use Sikka as currency. We will take up some of these ecommerce solutions to get this transformation started, but we believe the world needs so many tailored offerings based on its diversity, so we will always be on the forefront with the community to take us those ideas. Some of the ideas that community should consider working on and we intend to work upon are as follows: i) Ecommerce store for digital goods like Games, Music, Ebooks, Audio Books etc. This will remove the hassle of shipping and open worldwide market to start with. ii) Ecommerce store to sell individual digital assets like photos, paintings, video etc. iv) Offering medical tourism packages. b) Transport Solutions : Transport is an integral part of human life and we feel cryptocurrency ecosystem lack solid offerings in this

6 6 area. We believe Sikka can be used as base currency to offer services like: i) App to book uber using Sikka ii) Online flight booking using Sikka iii) Booking rental cars iv) online ticketing booking for Railways and buses using Sikka c) Payment Systems : To touch everyday life, we target to help and build payment services which people need on regularly, such as: i) Mobile phone, TV etc top-up service. ii) Electricity and water bill pay service. d) Medical Tourism : Social benefit and change are in core beliefs behind Sikka and we would like to emphasize that my helping in building a cost-effective solution to bring affordable medical services offered by various parts of the world. Future With Sikka Hybrid of Proof of Activity and Proof of Stake The vision outlined under previous sections itself has glims of future. But here we want to talk about, something about our unique approach to introduce POA(Proof of activity). We have not seen any serious effort to introduce cryptocurrencies to the masses. It is still a very niche geeky world which understands or know what cryptocurrency are. Rather than waiting for others to realize, we decided to take up this task. We decided to start this project and include every interested person along the way who aspire to take cryptocurrency to the masses.

7 7 To achieve that we propose a mobile app based solution which will include the unique way to determine new formula by combining Proof of Activity with Proof of Stack. With this, we will be able to establish a relationship between the physical world and the digital world. This will lead to the mass appeal and more secure network to generate Sikka. The app itself will have different use cases, which will be used on daily basis. The hybrid approach of combining Proof of Activity with Proof of Stake will limit the negatives of Proof of Stake to give a better stainable model. Detailed approach about this will be released as part of a separate white paper. Real work done by humans will be important in determining how Sikka is generated. -Proof of Activity