XSL Labs
XSL Labs -
Your Data Belongs To You.
Introduction
Today is the modern era where almost everyone has a digital device connected to the internet. With the device, users can visit various types of websites or applications as easily as the touch of a finger. However, not many people know that every user activity on the internet is monitored and has value. Big platforms like Google and Facebook have been involved in selling user data to third parties, but not only Google and Facebook, many platforms use their user data and sell it to third parties. This customer data can be in the form of their personal data or activity data, which is very useful for platforms to expand their market.
But this action certainly doesn't benefit the user. When the platform makes money from selling customer data, the customer doesn't get any money from selling that data. Moreover, no one wants their personal data or activities to be tracked or sold to others without their consent - Therefore XSL Labs is here to become an ecosystem that will protect user data. XSL Labs will provide an ecosystem in which several decentralized applications have their respective functions and goals.
Your Data Belongs To You
"Your data belongs to you" is the most appropriate slogan to explain what XSL Labs are and what it is for. Data is one of the most valuable assets in this decade, even experts say that data is more valuable than oil. From this statement, we can conclude how valuable the data is - and your data should still be with you, not sold or given to unauthorized parties.
XSL Labs is an ecosystem that intends to protect user privacy and data. Several platforms in XSL Labs such as Pulsar, SDI, SYL Library, and ONE will operate and develop in the future to become platforms that truly understand users and protect their privacy. Meanwhile, XSL Labs will be the ecosystem that will be responsible for the development of these projects and provide SYL tokens as access to these platforms.
What is internet of trust?
To adapt is necessary to allow the user to be protected while indulging the benefits of data streams in our globalized world. We need to move from a strong asymmetry of benefits between individuals and business, to symmetry of benefits derived from data gathering. This will be the Internet of Trust.
XSL Labs Ecosystem
As previously explained, XSL Labs is an ecosystem consisting of several platforms that have their respective functions. The following are details of the platforms;
1. Pulsar: Pulsar is a distributed ledger that serves as the bedrock for decentralized identifiers and the entire ecosystem of dApps and dApp extensions. Pulsar will be associated with KYC and AML.
2. SDI: SDI stands for "Secure Digital Identity" will be a set of encrypted personal data that only the user can read. Each data will be encrypted and only the user who has the key can access the data.
3. SYL Library: SYL Library is a distributed app store that functions like the App Store or Play Store, will display all the services of the SYL ecosystem.
4. ONE: ONE is a user-friendly distributed app running on Pulsar. This will be a platform for users to control all tools on the Internet of Trust.
SYL Tokenomics
XSL Labs issues a token called "SYL". This token is the native asset of the entire XSL Labs ecosystem. It is a token of type ERC-20 which can be traded by the user. At launch, SYL will only have a maximum supply of 10,000,000,000 and cannot be created again. Later this token will have a function as "fuel" that will support the operations of XSL Labs.
Roadmap of XSL Project
A good project, with a clear road map with experienced and successful team. This is a very good project and its team is working very hard on this project so that this project is going to give us a very good profit.
CONCLUSION
Above all the SYL token will be a means of exchanging, purchasing services and executing Smart Contracts within the SYL ecosystem. The value of the asset will therefore depend on the number of services and their cost, the number of assets in circulation, the velocity within the ecosystem and the supply/demand in the speculative market..
It should be noted that even if XSL Labs disappears, the ecosystem will continue to develop autonomously and to operate perpetually, powered by the players of the network. This is possible because of the decentralization characteristic of the network, and its lack of need of a central and unique decision-maker. Through this "Tokenomics", we can understand that all the players in the ecosystem will have an impact on the asset’s price through their various services.
Keynotes
- XSL Labs, through SDI, will protect the digital activity of users while improving their daily experience.
- Pulsar will be a distributed ledger that will serve as the bedrock for SDI and the SYL ecosystem.
- XSL Labs will be the ecosystem that will be responsible for the development of these projects.
- ONE is a user-friendly distributed app running on Pulsar.
- SDI will be a set of encrypted personal data that only the user can read.
Connect
- Website: https://www.xsl-labs.io/
- Whitepaper: https://www.xsl-labs.io/en/
- Telegram: https://t.me/xsl_labs_official
- Twitter: https://twitter.com/XSL_Labs
- Facebook: https://www.facebook.com/XSL.Labs/
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