We are excited to announce that the Selendra token sale will begin over the course of September and run through until the end of the year.
Key details to be aware of:
Token; SEL is Selendra’s native utility token which is used for, staking rewards for network validator nodes and other good actors, tallying governance votes for determining network resource allocations and payments for processing transactions and data storage in the Selendra network
Token Sale Allocation; 376,991,118 SEL, 12% of the total max supply of SEL.
Selendra tokens are distributed among five major participating groups within the network as allocated…
A. General FAQ for Token Investors
1.Is there a minimum or maximum limit for investing in Selendra (SEL)?
There is a minimum investment requirement of $10 US dollars (or the equivalent in crypto assets), while there is no maximum investment limit.
2. How can we invest in Selendra (SEL)?
To invest in Selendra (SEL), you must first own Bitcoin (BTC), United States Dollar Tether (USDT), or some other negotiable crypto assets which you will be able to exchange for Selendra (SEL).
To buy and hold BTC, USDT, SEL, or any crypto-asset, you will first need to have a crypto wallet…
Selendra is the brainchild of SmallWorld Venture, a venture seed funder based in Phnom Penh, Cambodia. SmallWorld Venture began in 2011 by providing a collaborative workspace for entrepreneurs and startups.
Selendra has been in research and development since 2015 by a group of young technology enthusiasts that joined the SmallWorld Venture community.
This team is a self-taught, peer-to-peer community that learned to build real-world applications and products useful for users in emerging markets. The Selendra development team grew out of this community.
Our team brings a wealth of experience, dedication and passion for creating a
user-friendly blockchain network that will add…
A brief history of Selendra in cryptonomics
2015 : Blockchain R&D started
2016 : Bitcoin OTC (over the counter) via Bitriel for travelers who want KHR and USD
2017 : Piloted remittent application between SG/KH with Stellar Blockchain
2018 : Formation of Selendra team under Zeetomic codename
2019 : Pilot loyalty programs for local restaurant chains on Stellar Blockchain Selendra Blockchain R&D with Substrate framework began
Nov 2020 : Selendra testnet launched
Dec 2020 : Onboard 3 beta applications to testnet as test cases;
● Albazaar decentralized marketplace
● KOOMPI Fi-Fi users’ reward and payment
● Bitriel blockchain wallet
With the advent of blockchain technology in general, modern man has crossed a next-generation digital threshold, with business application opportunities abounding for young, progressive entrepreneur developers on the cutting edge of this technology. The Selendra Blockchain Network provides exciting, new, practical solutions for:
● decentralized e-commerce applications
● asset tokenization distribution and management
● identity management
● financial inclusion
● decentralized computing and storage
● Internet of Things (IoT) applications
● Gaming applications
● Music and arts industry
● Decentralized autonomous organization (DAO) and much more
Use case scenarios in finance, commerce, and asset tokenization:
1. Shares of ownership…
Selendra token investors come in all sizes, both large and small, a globally diverse group of forward thinkers with interests in business, economics, and blockchain network development.
To embark on any ambitious project, initial seed capital is often needed, and initial token sales to early-stage investors help provide this necessary start-up capital.
Accordingly, we seek a broad range of token investors from a variety of industries, groups and organizations.
B. Vesting: Token Sales and Discounts
Selendra token sales will take place in four sessions. Each session will help onboard a broader circle of investors and developers into the network…
Whereas Bitcoin uses a half-life model every 4 years, Selendra (SEL) staking reward releases are distributed according to a declining 6% annual payout.
As per the graph below, during the first year of the initial network launch,
approximately 5% of total staking rewards are released. During each of the following years, for the next 20 years, there will be an approximate 5 to 6% decrease in rewards payable from year to year until all rewards are distributed.
In the advancing world of blockchain application development, as our reward
distribution cycle reaches full maturity, the Selendra reward schedule lays a solid foundation for first generation stakers and developers while continuing to reward the next generation. Selendra’s graduated decremental release method offers greater fairness for later-stage next-generation entrants as well as for early developers and stakers.
Selendra is a multi-blockchain nominated proof-of-stake cryptographic system built to facilitate micro-economic transactions. It is designed to be interoperable with other open blockchains and developable by developers and students with very minimal learning curve, and ease of use for end-users to interact and benefits from blockchain technology.
Selendra represents a global network of organizations and individuals whose growth and stability are made possible through the deployment of value-added applications.
Our mission is to empower young developers throughout the world to quickly and easily learn to create blockchain user-friendly applications for commerce, trade, education, entertainment, storing of data, decentralized computing, assets…
Selendra offers a dual token program; the utility token (SEL), and the stable token (RISE). SEL is primarily used for business and ecosystem application development, while RISE is primarily used for payments.
A. The SEL Utility Token, Supply and Allocation
SEL is Selendra’s native utility token which is used for:
● payments for processing transactions and data storage
● staking rewards for network validator nodes
● tallying governance votes for determining network resource allocations
The SEL utility token is crucial for processing transactions and storing data, together with maintaining network security while fostering good governance and growth. …
A. Architecture: General Overview
The Selendra Network is built upon the Polkadot Substrate framework, a diversified multi-chain architecture focused on interoperability and ease of development, allowing greater opportunity for early developers to build their own private networks.
Selendra architecture provides for a shared, distributed, decentralized, immutable ledger that facilitates the process of recording transactions and tracking assets in a peer-to-peer digital network through providing smart contract services which generate transactions on the blockchain network.
SeIendra architecture is an extensible, modular, open-source framework with
multi-sharding capabilities. Sharding is a database partitioning technique which allows for the deployment of parallel blockchains, or para-chain…