Silicon
Silicon
Token: SIL


Payment Gateway for Cryptocurrencies

ICO dates
Start date:
End date:

Registrated in: Undefined

Platform: NEP5
Type: NEP5

PREMIUM ICO

Silicon categories
Business services Cryptocurrency Infrastructure Platform Smart Contract Software
Silicon token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries No
Soft cap 20000000 USD
Hard cap 30000000 USD
Token distribution in ICO
30%
30%
Silicon news, social
Silicon search trends in Google
Random whitepaper excerpts

SILICON
A Payment Gateway for Cryptocurrencies
www.silicontoken.org
[email protected]
Joel García
Software Engineer
[email protected]
Carlos Álvarez
Software Engineer
[email protected]
Andrés Jaramillo
Software Engineer
[email protected]
ABSTRACT
Since 2008, cryptocurrencies have soared in popularity reaching around 1,000 cryptocurrencies in
existence with an aggregate value greater than the market capitalization of IBM. Cryptocurrencies
have been able to succeed despite not enabling non-technical users to make transactions. We are
skeptical that cryptocurrencies can continue to grow at this rate unless a mechanism to streamline
payment transactions for the non-technical user is adopted.
Virtually every ICO includes an option to transfer tokens within their proposed eco-system. These
transfers manifest themselves in higher-level use cases such as payments, rewards or donations.
However, all of these currencies face the same issues...

Table of Contents
Introduction .......................................................................................................................................4
Problem ..............................................................................................................................................4
Solution ..............................................................................................................................................5
Silicon Platform ..................................................................................................................................5
NEO Smart Economy ......................................................................................................................5
Middleware ....................................................................................................................................6
Cloud ............................................................................................................................................

Introduction
The world of currency and finance is transforming before our eyes. Digitalized assets and
innovative financial channels, instruments and systems are creating new paradigms for financial
transactions and forging alternative conduits of capital. Right in the middle of these changes, we
have decentralized currencies, which governments have not figured out how to correctly regulate.
Despite the strong regulations placed by governments [1], cryptocurrencies continue to gain
traction. Bitcoin alone is moving more than $2 billion worth of USD dollars a day [2], but these
transactions are still taking place on platforms that only very advanced users or financial users
understand. These platforms include currency exchanges, crypto-wallets and smart contracts.
Problem
At Silicon, we have been actively involved in this new paradigm transition. In the process of
investigating several different ICO proposals, we have uncovered a number of common threads
running through these cryptocurrencies, which...

The crypto ecosystem is constantly evolving with governments changing rules, adding prohibitions,
whitelisting requirements, legal requirements, etc. [1] Each ICO must adapt to the latest
regulations, which stops these businesses from really focusing on their own platform.
Solution
The Silicon platform will solve the distribution and transaction processing issues with the tokens
generated by the ICOs by creating a payment gateway that is secure and easy to integrate with.
By giving token issuers the ability to process payments (one time and recurring), donations,
rewards or monthly subscriptions in their DApps, Silicon is looking to push forward the real-life
value of these tokens by increasing their usability in real-life scenarios, effectively facilitating the
“Utility” token.
Silicon will initially provide support for NEP-5 assets with plans for future support for ERC20.
Silicon Platform
The Silicon platform has a broad vision. A multitude of different modules and components will be
n...

Middleware
We define middleware as the modules that enable the bridging of information between the
blockchain and our cloud. Our middleware will consist of two modules.
The first module will be called the “NEO mirror” module. We have already successfully modified
the Neon-Wallet-DB to create a mirror of the blockchain data on a server instance and store the
data in a NoSql database. It has been modified to enable multithreading and to run on a smaller
and less expensive stack. Most of our read operations will be performed on this module resulting
in faster read times and to avoid slowing down blockchain transactions.
The second module will be used for grouping transactions and transferring NEP-5 compliance
tokens. To implement this technology, we will leverage the Neo-python project which runs as a
node on the blockchain and build upon it.
Cloud
The Cloud Application will serve as the backend for all integrations. It will expose an API for client-
side applications (mobile, web, sdks, in...

Integrations
Each integration will be reliant on the specific needs of individual clients. Below is a summary of
the most common integration types.
- Mobile integrations (android and iOS) will be done through SDK (or a gradle library) and
cocoapods. It will allow users to create apps and use the Silicon platform to process
payments using tokens.
- HTML integrations will use a combination of HTML and JS components to create different
levels of integration and user experiences. Sites will be able to handle their own payment
workflows by instantiating Silicon’s JS library to securely process final transactions.
Alternately, sites can opt to utilize a Pay button which would enable the Silicon platform
to handle the entire transaction payment workflow.
- API integrations will also be possible by allowing clients and integrator systems to call our
API directly with their transaction information.
Silicon (SIL) Token Sale
To fund the development of the platform, the Silicon Token will be re...

In the event the hard cap is not reached any remaining tokens will be burnt.
Foundation and team tokens will remain frozen after the ICO has ended and will stay frozen for
about a year.
TOKEN DISTRIBUTION
Presale 50%
CrowdSale 30%
Team 5%
Foundation 15%
8
...

Roadmap
Stage
Product Conception
Market Research
Prototype Development
Website Development
White Paper
Establishing Marketing Channels
Obtain Private Funding
KYC and Whitelisting
Public Token Sale (SIL)
Smart Contract Development
Branded Wallet Development
Cloud Development – SDK/API
Offchain Synchronization Module
Quarter
Q4 2017
Q4 2017
Q4 2017
Q1 2018
Q1 2018
Q1 2018
Q1 2018
Q1 2018
Q2 2018
Q2 2018
Q2 2018
Q3 2018
Q3 2018
9
...

Silicon Roadmap

1
Q4 2017
Product conception
Market research
2
Q1 2018
Prototype development
Website development
White paper
Setup marketing channels
Private funding
KYC whitelisting
Public token (NAD) sale
3
Q2 2018
Cloud development for brands
Wallet Ad integration
Smart Contract development for the platform
Offchain synchronization module for faster transactions
4
Q3 2018
Enhance cloud
SDK, JS and API integration modules
5
Q4 2018
Enhance cloud
Android and iOS integration modules
6
2019
Keep upgrading and implementing features based on feedback and market needs
Joel Garcia
Team Joel Garcia Founder & AllCode CEO

Lydia Benham
Team Lydia Benham Operations Manager

Michael Stein
Team Michael Stein Sales

Nikhil Mohan
Team Nikhil Mohan Sales

Andres Jaramillo
Team Andres Jaramillo Blockchain Senior Developer

Mike Alvarez
Team Mike Alvarez Blockchain Senior Developer

Edison Castrillon
Team Edison Castrillon Blockchain Senior Developer

Hans Ospina
Team Hans Ospina Senior Lead Development

Sabine Henderson
Team Sabine Henderson Product Management & Quality Assurance

Andres Jaramillo
Andres Jaramillo
Blockchain Senior Developer
Senior Blockchain Developer
Blockchain & Lead Frontend Developer
Joel Garcia
Joel Garcia
Founder & AllCode CEO
Aphelion Lead Blockchain Developer
Joel Garcia Joel Garcia Blockchain Technical Advisor
Michael Stein
Michael Stein
Sales
Marketing Advisor
Nikhil Mohan
Nikhil Mohan
Sales
Product & Investor Relations Advisor