FAQs

What is SSD Token?

SSD Token is a cryptoken within the Ethereum Blockchain ecosystem. Each SSD Token (“SSD”) represents the support given by the community to help us build this Crypto Travel Project and to fuel the SSD ecosystem. This token is ERC20 which means it can be exchanged or swapped with other ERC20 token.

Who is behind Siousada?

We are a team of self taught, crypto enthusiasts who love the potential of blockchain technology in building a better community. We aim to help increase awareness, adoption and participation of our society in blockchain technology

What is Siousada Portal and What can it be used for?

SIOUSADA.COM is a Crypto Travel Portal that we envision to be a great platform in the future. It will put together your room and lodging, leisure and adventure activities, meal arrangement and ground transport –all In one portal.

How is SSD Token unique from other existing Cryptoken?

We are a standard ERC20 ethereum based token. That means we are not much different from other ERC20 tokens. However, the SSD token is created to be used as payment mechanism to subscribe services in the Siousada.com portal. This means that you could pay for your room, activities, transport and meals anywhere in the world through this portal using SSD token. Our aim is to on-board as many operators as possible from all over the world within the proposed timeline.

What does each SSD Token represent?

During the Token Swap Event, each token represent your support towards this project. This is based on the amount ETH you are willing to swap for SSD as follow:

  • First 200,000,000 SSD – 1 SSD = 0.063 USD
  • Next 200,000,000 SSD – 1 SSD = 0.073 USD
  • Next 200,000,000 SSD – 1 SSD = 0.079 USD
  • Next 200,000,000 SSD – 1 SSD = 0.086 USD

The final rate is 1 SSD = 0.086USD.

Subsequently, the token can be used to subscribe services offered in the Siousada.com portal.

What are the Advantages of SSD Token?

  • It is fully accountable through the blockchain,
  • It is fully auditable and,
  • It is transparent.

When will Siousada Token Swap Officially Open?

  • Token Swap Pre-Event: 22 Sep 2017, UTC +08:00 to 28 Sep 2017, UTC +08:00
  • Token Swap Batch 1: 29 Sep 2017, UTC +08:00 to 12 Oct 2017, UTC +08:00
  • Token Swap Batch 2: 12 Oct 2017, UTC +08:00 to 26 Oct 2017, UTC +08:00

How will SSD token be swapped?

A total of 800,000,000 SSD token will be available for token swap during our Token Swap Pre-Event and Token Swap Event. During the Token Swap Pre-Event (22 Sep 2017, UTC +08:00 to 28 Sep 2017, UTC +08:00), the following will be up for grab:

  • First 200,000,000 SSD – 1 SSD = 0.063 USD

Subsequently, during the Token Swap Event (29 Sep 2017, UTC +08:00 to 26 Oct 2017, UTC +08:00) the following will be up for grab:

  • Next 200,000,000 SSD – 1 SSD = 0.073 USD
  • Next 200,000,000 SSD – 1 SSD = 0.079 USD
  • Next 200,000,000 SSD – 1 SSD = 0.086 USD

In the event that the Max-Limit has been reached at any point during Token Swap Pre-Event and Token Swap Event program, the Token Swap Event will be closed earlier on the date it has reached the limit.

In the event that the actual total subscription received is more than the Max-Limit, the final individual subscription allocations will be re-calculated based on pro-rata basis.

The Token Swap Event will be closed on the 26 Oct 2017, UTC +08:00 or earlier if the Max-Limit has been reached. Any amount received after the Token Swap has been closed will be refunded.

The SSD shall be distributed 7 days after the Token Swap Event closing date of each batch.

Finally, all unsold SSD will be burnt.

What is the main purpose for the Token Swap Event?

The Token Swap Event is a crowdfunding exercise to gather funds for the Siousada crypto tourism project. The exercise will allow the community to participate in this breakthrough project to bring blockchain technology into the real world. The crowdfunding exercise will also distribute the SSD Token to the community to be used within the Siousada portal and ecosystem once it is up and running.

What is the main purpose for the SSD Token?

SSD token will be the fuel for the Portal and the Siousada ecosystem as it will be used to fund the administration, management and operations of Siousada and also fund the mass awareness campaigns, education, talks and knowledge sharing events to be held to transfer knowledge and awareness to the operators and providers, community initiatives, business development, academic research and market expansion. To realise this vision will also require bringing on board developers, marketing personnel, a legal team, designers and many other talented people which will necessitate additional funds.

The SSD Token is created for the purpose of being utilised within the Portal and its ecosystem. It does not represent any shareholdings and/or securities in the Siousada or in the project.

How many SSD Tokens will be issued for the Token Swap Event?

Total SSD issue = 1,000,000,000 SSD

Total SSD for Token Swap Event = 800,000,000 SSD

Total SSD reserved for Siousada = 200,000,000 SSD

Who can participate? Is it open worldwide?

It is open to everyone except citizens of the USA. However, your participation is subject to the laws and regulations of your domicile/residence which will be your responsibility to determine and comply with.

Can I swap SSD Tokens with cash or credit card?

No. SSD Token can only be swapped using Bitcoin, BitcoinCash, Litecoin, Ethereum, ZCash and Dash.

How do I obtain Cryptos in order to swap with SSD Token?

Cryptos can be obtained from your local Exchangers namely Luno, Poloniex, Kraken, Bitfinex etc.

Would SSD Token be listed on Exchanges, If yes then which ones?

Yes. The list of exchanges will be announced after the Token Swap Event on 26 Oct 2017.

Do SSD Token holders get dividends?

The SSD token does not pay dividend.

What is the minimum subscriptions amount to be accepted?

The minimum subscription amount is as follow:

  • BTC – 0.005 btc
  • BCH – 0.045 bch
  • ETH – 0.065 eth
  • LTC – 0.400 ltc
  • ZEC – 0.065 zec
  • DASH – 0.060 dash

What is the maximum subscriptions amount to be accepted?

During Token Swap Pre-Event: In combination should not be more than 12,600,000 USD.

During Token Swap Event sales: In combination should not be more than 47,600,000 USD

Total Token Swap Event amount: in combination should be not more than 60,200,000 USD

Will My Identity be protected?

Cryptocurrency is pseudonymous in its core. Therefore, you’re protected by design from such privacy, unless they can link the address to the real person by chance.