Topic: [ANN] [SOLB - SOL] Sollar Bonds World's First Crypto-Bond [Ground Floor Thread] (Read 985 times)

As the era of Gold as a MEANS TO VALUE AND EXCHANGE came to an end
with the introduction of something simpler and more useful as paper money...  

So too will the era of #SmartGold...

What we will observe here my friends is a pre installed feature encoded into this elegant computing system we call our universe...

It’s a program as universal and as old as time...

"What has been will be again,

What has been done will be done again…

My friends, my friends… there is nothing,

My name is

Solomon[/b][/size]

SOL – Sollars and Sense: The first Smart Currency and Payment system! Like your smart phone compared to dumb phones, Sollars and Sense is being built to be a Smarter Version of THE WORLD’s RESERVE CURRENCY and what Americans have in their Wallets and Bank accounts. Sollars and Sense is the alternative currency for everyday people and everyday transactions.

SOL – Completely independent From initial idea to code, Sollars is completely independent from BitCoin and any of its derivatives. Sollars and Sense was not a response to BitCoin or any other digital currency. Sollars started out 4 years ago as an ideal solution to the ridiculously DUMB pricing system of Hollywood and Television, hence #SmartMoney

SOL - Balanced blend As originally intended the Sollars and Sense currency and payment network will be a balanced mixture of proprietary components, API components and open source components. #Makes$ense

SOL – The Three Keys: Although there are many selling points for this currency there are three that we focus on.

(1) Intelligent (Smart)
(2) Universal (Borderless)
(3) Trustworthy (Secure)

Intelligent/Smart is at the core of why I originally started my own currency. It referred to an automated supply and demand pricing system with easy and convenient 1 click transactions. This even at micro-prices (1 cent, 3 Sense) which is non-existent in Hollywood economics and its business model. This currency would empower me as an Individual and Filmmaker to EMPOWER other INDIVIDUALS to support my films AT THE RIGHT PRICE. Over the years as I studied Information, Economics, Technology, and Banking my currency has become much much more ambitious in what it will do... And it will do it all

SOL- Technology-wise When it comes to actual tech the three keys will mean many things such as but not limited to:

(a) Programmable monetary policy
(b) Smart algorithms ie Supply and Demand [Others - Proprietary]
(c) Cryptographic security - [No-brainer as "smart" I always just assumed this]
(d) Protection and privacy controls
(e) Infrastructure design and architecture framework
(f) Private/public ledgers commonly referred to as the blockchain
(g) Distributed API components
(h) Distributed network securing and powering
(i) Borderless Peer-to-Peer transactions
(j) Smart Divisibility - introduced when the time is right, dont confuse regular folks
(k) Smart Fee structure - Proprietary  
(l) Central Accountability- Yes central authority that is accountable to the development and monetary policies of the sollars and sense ecosystem and subsequent digital economy

SOL- Private Currency and Product Sollars and Sense at its core is a private currency and product developed, distributed and issued by a private company (aka a Central Authority) on behalf of Consumers and its internal monetary policies.

SOL- Smart Printing: There is no end to the amount of Sollars and Sense that can be digitally printed and there shouldn’t be. Making $ense will be a limitless process. Long term a true competitor to fiat money needs to be able to grow with an economy while strategically avoiding inflation and deflation with their programmed monetary policies. We will do the same... #JustSmarter

SOL – Proof of Fiat Its the main way Consumers will CREATE our currency. Sollar and Sense is pegged to the American Dollar and Cent. Its a 1-1 Exchange and is built to be familiar aka no learning curve [I hope you know why that is important]. Consumers are in charge of digitally printing our money. And generating it is as simple and easy as generating tokens gift cards and virtual game currencies.They exchange fiat money to create ours. We simply set the exchange rates for different types of fiat monies into our system aka Proof of Fiat. The Consumer chooses to pay the exchange rate or not and we generate the currency on behalf of them.

NOTE: Fiat currencies NEVER enter the Sollars and Sense payment network as a substitute or otherwise EVER. Also as a private company we control the ecosystems in which our currency can be used. For now that is only within our Cable-Killer platform Sollywood TV… For now. #SmartReserves

As time goes on there may be other methods of obtaining Sollars and Sense that can easily be adopted. It will all be based on competitive market conditions or push back from deliberate and oppressive government regulations. This includes but are not limited to:

Proof of Work – No not necessarily mining [Proprietary]
Proof of Stake – Not necessarily Sollars and Sense [Proprietary]
Proof of Demand – Algorithmic or otherwise [Proprietary]
Proof of Skill – self-explanatory
Proof of Code/information – [Proprietary]
Proof of Assets/commodities – Self-explanatory
Proof of Status – [Proprietary]
Proof of Location – [Proprietary]

We have a diverse world with 7 Billion people in it. It is naïve to believe one way of obtaining a currency and "valuing elements" will fit all situations. Especially when that one way system has less than 1000 people owning half of it's #SmartCommodity. And that's your answer to replacing #Fiat? POW does not work for normal and everyday folks... (All methods of obtaining Sollars and Sense will be introduced when necessary or when the time is right) #Smart #Makes$ense

SOL- Current Iteration There is a prototype of Sollars and Sense currency and payment system. It works like a basic virtual game currency and is purchased in bulk with PayPal being the gateway.


SOL – Clear starting point The Hollywood and Television Industry on the platform Sollywood TV. Sollywood TV is exactly what it sounds like. The complete takeover of Hollywood and Television using an alternative currency and payment system. It's the first open marketplace where every type of content creator no matter how BIG or small is welcomed to "Make $ense" out of Consumers. Student filmmakers all the way up to Hollywood Studios, Netflix, Sports whomever... They are all welcomed. The catch is Content Creators MUST SELL AT THE RIGHT PRICE. Even if that price is 3 $ense.

Supply and Demand has finally found its way to Hollywood. It rules on Sollywood TV as a programmed monetary policy and we make sure that is the case by completely controlling the economics of pricing and transactions within Sollywood TV... HENCE Sollars and Sense.

NOTE: From the day that Sollars and Sense launches with Sollywood TV it will be a one to one exchange with the American Dollar. In it’s current iteration it is already a 1-1 exchange with the American Dollar. Sollar and Sense will launch with a private beta version of Sollywood TV. Both products will be STRIPPED DOWN VERSIONS.

Pitch Deck- http://www.slideshare.net/solomonadekale/112613-sollywood-tvinvestor-slides
Angel List - https://angel.co/sollywood-tv



















Now because of the nature of this platform I started brainstorming about how to raise capital for my vision outside of the traditional financial system and GREATLY reward early believers and investors if we are successful. I’m talking about returns that potentially have never been seen before like BitCoin’s potential ROIs with its early believers and investors. It took some time, but that "Aha" moment came...




Issue a simple denationalized investment security for Sollars and Sense on its own crypto network. The security would be to receive Sollars, [the currency being developed] at a future date. This in exchange for crypto-currencies now. The security would be issued as a “zero coupon” Crypto-Bond which can be held until its maturity date for its Face value price. Or once acquired, freely exchanged for any type of Crypto-Currency until its maturity date.




























 














NOTE: Zero-Coupon bonds are bonds without an interest rate attached to them. They are instead sold at a steep discount price to its face value price depending on its maturity date. It’s simple and effective.







As with a traditional US Zero-Coupon Treasury Bond you know exactly what the Face value price is and what your interest payments are (none). The price you will pay for each bond is listed below on the Pre Sale auction section. You know exactly when you’ll get your Sollars [maturity date] (your Crypto serves as initial investment). This is so long as you still have the Sollar Bonds and my company Sollywood Inc doesn’t default or go bankrupt. We do not have plans to default or go bankrupt. We only have plans to change the world with a digital currency but this still must be stated.

NOTE: Check out the Risk Analysis section of this thread below

The official Sollar Bond contract will be viewable with a PDF download on the Sollars.com website when it goes up.


SOLB – World’s First Crypto-Bond

SOLB - An investment security issued for development of the smart currency and payment system sollars and sense and the digital ecosystems it will be utilized in

SOLB - an investment tool deliberately created to raise capital and reward early believers and investors

SOLB- Also created as the primary way "monies" crypto or otherwise will be raised in the future from people who believe in me (Solomon Adekale) and my vision (Sollywood) regardless of location (Globe BABY!).

SOLB- POS/POT "interest" Algorithm Sollar Bonds have no traditional interest payments attached to them. But there will be a set number of bonds put aside that the Sollar Bond network will issue to bondholders within the network. This issuance will happen over the next ten years. The Sollar Bond Network's issuance to current bond holders will be based on three criteria:

(1) Securing the Network (POS)
(2) Amount of Sollar Bonds one has purchased and holds (POS)
(3) The amount of time one has held on to their Sollar Bonds (POT)

This programmed monetary policy serves three purposes

(1) To incentivize individuals to buy in auctions and be Investors not just "watchers"
(2) To incentivize individuals to secure the Sollar Bond network
(3) To discourage individuals to sell off bonds quickly

The algorithm as a concept came from studying the best crypto-currency platforms now in existence that could serve as a base for taking the Sollar Bond idea and making it a reality. Nxt comes in first, along with NameCoin, some elements of Quarks and also some open source tools in Open Transactions.

SOLB- Proof of Crypto Like Treasury Bonds, Sollar Bonds will be issued at online auctions at a certain price in various crypto currencies that we choose. We will be using BitCoin Talk for our 2014 auctions until the Sollar Bond platform is complete.

SOL-B Sollar Bonds will not be infinitely divisible to any degree

SOL-B Sollar Bonds are not, I REPEAT ARE NOT a crypto-currency. They are meant to easily be traded like one. They are in essence a bond issued on behalf of a private S-Corporation [Sollywood Inc] for development of their products. Sollars and Sense IS THE CURRENCY you are investing in THROUGH SOLLAR BONDS.


SOLB will be built with the following features:

- Sollar Bonds security unit (obviously)
- Sollar Bond POS/POT "Interest Rate" Algorithm  
Discourage Bond holders to sell off quickly, encourages Bondholders to buy more and be invested, Encourages bondholders to secure the network, and hold on to bonds longer.
- Sollar Bond Accounts (wallets) - similar to Nxt
Online ones obtainable by us Sollywood Inc and a simple clean UI Sollar Bond accounts for Mac and Windows
- Color Bonds/Meta Data Tagging/Multi-Sigs [M of N]
Security features to lock Bonds to an account. These types of "tags" will only be able to be removed with an additional private key before selling off. This is relevant because we will not issue Sollars unless the account and Sollar Bonds have the same tag or no tag at all.
- Public Record - aka Blockchain
- Centralized Auction/Decentralized Marketplace
This feature is for my company to issue bonds, for bondholders to sell bonds and for individuals to buy bonds
- Reputation System
- Voting System
- Basic DDoS Protection [and advanced if possible]


NOTE: This will be a completely open source project so anyone in the community will be able to build services around Sollar Bonds or accept bounties that we issue. And if this platform is successful, others can use the source code to raise money for themselves and their projects. This would also be considered an open sourced component to Sollars and Sense. Finally I’m open to any suggestions on what should be built into this system. Nxt is an obvious candidate for a proper fork into the Sollar Bond platform with certain tweaks. Open Transactions is also a great runner up, along with NameCoin.



Building the Sollar Bond Dev Team

I consider myself an information technologist, but unfortunately I am not applied. I understand a lot about Software/Hardware on many levels but I don’t write code. My traditional background is in filmmaking and cinema production. I hold both a Bachelors Degree in film directing and a Masters Degree in cinema production management. That means if I had a budget I know how to produce and direct blockbuster film such as Ironman Man of Steel etc etc [they don't call me Sollywood for nothing.] Check out my LinkedIn Profile. You can see a fraction of what I’ve done [with no budget.]

With that said, I am looking for a highly skilled lead developer to start building the platform and building the core development team. This lead developer would also manage the open source community of devs we may acquire. I will be taking care of the other half of this important equation. That is business development, marketing, executive decisions for my company and community management. Compensation for work will come in the form of both Sollar Bonds and possible monies depending on how many Sollar Bonds are sold and what resources can be allocated where. Money and Bond allocation to individuals on the dev team will depend on level of involvement in the project and long term commitments. In terms of bonds you will be well compensated for GREAT work.

Lead Developer IS NOT A MERCENARY POSITION! I need someone who sees my vision and has the proper technical skills to make it happen and will stay dedicated long term. If you are interested you can PM me with your email address. Include your LinkedIn profile (if you have one) and or links to something that shows you have what it takes to develop this platform and lead the technology side of this project. I would prefer a lead developer with an in depth knowledge and experience of developing crypto-currencies. I’ll also be reviewing your BitCoin Talk posts. Don’t need any trolls ruining this show.

2014 is going to be an amazing year for alternative currencies and none is more ripe to make $ense for the general public like Sollars. Let’s make it happen together!







Sollar Bond Auctions

The plan to issue initial Sollar Bonds will come in four phases.

(A) Donation Period (Unofficial Presale)
(B) Pre-Sale
(c) Official Sale
(D) Extended Sale

I will be using BitCoin Talk threads as an auction space to facilitate and record transactions for Sollar Bonds. There is also an accompanying Sollar Bond order book made with a Google Spreadsheet. You can see the Google spread sheet here:

http://bit.ly/1fbHdfm

Its a buy only read only Order book. Only I along with anyone I personally designate on the Sollar Bond team will be allowed to enter transactions into the order book. These transactions will correspond with the auction thread on BitCoin Talk. I have no time or patience for trolling. As with typical bonds, Sollar Bonds will be sold in 1000s and selling will be on a first come first serve basis. Individuals are free to purchase Sollar Bonds in increments of the price tier they are purchasing, this is up until the next price tier (see Pre-Sale section below for price tier information)







Donation period starts now. That’s right, right this second. As the creator of this project and currency if you like my efforts or my vision consider donating to this project. I’ve worked extremely hard to bring this massive venture to where it is today and I’m gonna work even harder to make it a reality for the world tomorrow. I’ve invested my own time and money and that’s because I know it will bring a positive change to individuals around the world. So I have one word for you…







Again if you think my efforts with this project are worthy, then donate. It can be BIG, it can be small, either way they will be greatly appreciated. All donations are greatly appreciated. If the donation matches any of the price tiers for the PreSale your kind gesture will be rewarded with Sollar Bonds and recorded. Simply notify me and I’ll record the transaction. Also post your transaction ID number and address to this thread.













NOTE: An additional 100 Million Sollar Bonds will be used for Giveaways, bounties, Salaries, accessories to salaries, kickstarters and other useful endeavors that benefit Sollywood and its Early SOLievers/Investors.

That is a total of up to 2 Billion Sollar Bonds that are scheduled to be up for sale and or issued in the first of the ten-year period. The rest of the bonds will be sold periodically when additional funds need to be raised. When the Sollar Bond platform is complete and bonds are properly dispursed bondholders are free to sell and trade for whatever crypto they would like. They are also free to hold on to it as is intended.

Any cryptos raised issuing Sollar Bonds during this period will be considered part of our Seed Round of funding. See Due Diligence links section and Goals and Objectives section for complete details.

If you buy in any of these periods make sure you post on the various social networks like Facebook/Reddit/Twitter and other sites about what WE are doing here. The PR is mutually beneficial.