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From Concept
to Currency.

It's simple. Shakti Coin

ICO

When is Shakti Coin’s Initial Coin Offering?

This is, by far, the biggest question we're asked every day.

Before we answer that we just want to say, "We get it." Everyone likes easy money, and many people believe betting on cryptocurrencies is the quickest way to do that these days. And, yes, Shakti Coin will provide financial bounties to early supporters. But Shakti Coin was not created to answer the question, "When Lambo?" The question this coin is trying to answer is, "When will we have a currency that we all can profit from?"

We love nice cars as much as the next guy, but we love Satoshi's vision even more. And that vision wasn't about Lamborghinis and pump and dump schemes. It was about financial inclusion. It was about breaking the cycles of poverty that marginalizes over 80% of the people on the planet who live on less than $10 a day. It was about doing something to make currency and finance work for the many, not the few.

OK, there, we said it. If you're still reading then we think you may understand why, for the time being, we are not planning on having an ICO.

Yes, I get it. But I'm still interested.

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ICO

A Currency Built on Education, not Speculation

We can't think of a more valuable asset than human potential. And education is the key to unlock it. Every mined Shakti Coin represents one day a child has spent in school. An ICO is an easy way to raise a lot of cash quickly, but it also comes with some caveats that we are not comfortable with. Here are four reasons why an ICO is not best for Shakti Coin;

First, we have vowed to operate within the existing legal framework regulating currencies. We want to respect all territorial laws, specifically FINMA, SEC, ESMA, FCA, ISA, SEBI, CSRC, to name a few.

Second, to keep things simple, we want to keep Shakti Coin free and clear from the many forms of regulation that come when you conduct an ICO. If we sell tokens to bootstrap the Shakti ecosystems then we are entering into a monetary contract with the public. Under current laws, we will then be designated as a security, which comes with a host of restrictive regulatory obligations.

Third, we want the currency to have a stable value. We also want to bring to the market the integrity of mining every coin by parents in cooperation with their community. Thus creating and upholding the value of $5.00 USD for a labor of love each and every day.

And above all, Satoshi opted to build Bitcoin on the backs of miners. We want to do the same. It's our miners in the local communities who will build the Shakti ecosystem to benefit themselves, their children, and their neighbors. And this time, without the unforeseen environmental issues.

You had me at legal.

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ICO

How to Participate Today

No matter how you plan to participate in the Shakti Network, you will need to register to get your Shakti Wallet.

 

 

01

Express interest in joining the network by providing your email address below. This is important to help us gauge interest in Shakti Coin and to notify you as soon as wallets are available.

02

Although your privacy is strictly protected inside the network, we follow KYC best practices and do not allow anonymous accounts. So the first step is to help you through the KYC process.

03

Once KYC has been verified, you will receive your Shakti Wallet. Each Wallet comes pre-loaded with a sum of Shakti Coins included as your genesis bounty for signing up early.

I'm Interested
ICO

How Shakti Impacts Stakeholders

Merchants

Participating merchants will be identified and promoted through a user app. Merchants will receive further in-store support with regard to program promotion and transaction management. Unlike credit card purchases, Shakti Coin transactions will involve very low fees — in most cases no more than a few cents.

Miners

Shakti has democratized mining, making it easier to mine and earn. Mining Shakti Coin does not require special rigs or even dedicated computers. It can be done by individuals on a laptop, a node at Tier 4 Data Centers, or anything in between. Verifications are proximity-based, meaning that they are offered to miners in the immediate vicinity first.

Schoolchildren

Students from age five to twenty-one are eligible to participate. Their parents receive the coins. Programs that incentivize parents for supporting their children's education (aka Conditional Cash Transfer programs) have been shown to significantly decrease truancy. Where truancy is not an issue, the coins can also be used for savings or in creative ways to help children understand the basics of commerce and finance.

Parents

All parents who participate in the program are rewarded equally for the effort they make to educate their children. And the most vital step in that process is ensuring that children are in the classroom when they are supposed to be. For some parents the payments will represent a significant increase in household income. But for all households, it will serve to get Shakti Coin in circulation and familiarize parents and children with it.

Local Community

No one wants poverty in their community. Education has been identified as the number one factor in breaking the cycle of poverty that can trap families for generations. In this situation, children are often kept out of school so they can work and contribute to the household income. Their lack of education then prevents them from getting the type of job required to break the cycle.

Global Economy

Five dollars a day may not seem like a lot to some people. But the ripple effect of this effort could be profound. It will provide a platform to introduce many to the benefits of interest, lending and investing. It will also provide a powerful incentive to get the two billion unbanked adults in the world to start participating in the global economy.

Environment

This is one area where we are happy to say Shakti Coin will have very little impact. The energy use of the Shakti Network will be negligible, particularly when compared to other protocols in use today. These often require vast amounts of energy to mine coins which in turn has a pronounced negative effect on the environment. While some argue that the value created by these coins justifies the environmental damage, we do not accept that it needs to be either/or.

Humanity

Many of the problems faced by the world today can be traced back to poverty, ignorance and disenfranchisement. While we do not believe that Shakti Coin alone will solve these complex problems, we do believe that it will be a significant step forward in addressing them. Shakti Coin can be a powerful catalyst for positive change that will make the world more secure for our children — if we make it so.